Nomura Holdings
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About Nomura Holdings

Nomura traces its origins back to the late 1800s when Tokushichi Nomura I set up a money changing business in Osaka. Tokushichi's son, Tokushichi Nomura II, would later take over his father's business and in 1925 founded Nomura Securities with 84 employees.
Guided by the principle of putting the customer first set out at our founding, Nomura has grown into a leading financial services group with a global network spanning over 30 countries.
Nomura will celebrate its 100th anniversary on 25 December 2025 and for our milestone celebration, we have created our new Group Purpose: “We aspire to create a better world by harnessing the power of financial markets.” Nomura’s purpose statement embodies our evolution to meet the expectations of society and help build a better world.
At Nomura, we take pride in our culture of engagement which fosters high performance through free exchange of ideas and high ethical standards among leaders and employees, across all levels globally.
The Code of Conduct serves as our guide for ethical decision-making and proper conduct. Individual efforts to speak up without hesitation when finding or experiencing something inappropriate, as well as creating a psychologically safe environment to encourage such behavior, are critically important.
Diversity, Equity and Inclusion (DEI) is an integral part of Nomura’s culture; and we believe in harnessing its strength to create a sustainable organization; and drive performance, revenue, market share and profit. Our DEI vision is to strengthen Nomura’s brand as an employer of choice by embracing diversity in all forms. Nurturing diversity and mutual respect are essential for us in fostering an environment of trust & respect.
At Nomura, we are focused on cultivating an inclusive culture where everyone feels valued and respected regardless of their background or identity.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.8/5 based on 538 reviews | 3.8/5 based on 464 reviews | 4.0/5 based on 340 reviews | 3.9/5 based on 348 reviews |
Highly Rated for | Job security Work-life balance | No highly rated category | Skill development Work satisfaction Salary | Skill development Work-life balance Salary |
Critically Rated for | Promotions | Promotions Salary | No critically rated category | No critically rated category |
Primary Work Policy | Hybrid 91% employees reported | Hybrid 80% employees reported | - | Work from office 87% employees reported |
Rating by Women Employees | 3.8 Good rated by 158 women | 3.6 Good rated by 166 women | 3.5 Good rated by 19 women | 3.0 Average rated by 29 women |
Rating by Men Employees | 3.8 Good rated by 354 men | 3.9 Good rated by 267 men | 3.9 Good rated by 299 men | 4.0 Good rated by 307 men |
Job security | 3.9 Good | 3.7 Good | 3.4 Average | 3.7 Good |
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World’s Best Investment Banks 2025: Global And Country Winners
- Bank of America (BofA) Securities showed a remarkable 43% year-over-year increase in investment banking fees in the fourth quarter of 2024, reaching nearly $5.5 billion for the full year, securing dominant positions in North America, Latin America, and Europe.
- Morgan Stanley emerged as the leading global IPO bookrunner with over $7 billion in deal value across 65 IPOs, facilitating successful public market debuts for various high-profile companies.
- Itaú BBA excelled in emerging markets, playing a key role in significant deals like the privatization of water and sanitation company Sabesp and Mallplaza's capital increase.
- KFH Capital shone in frontier markets by closing 22 transactions worth $24 billion, showcasing its strength in sukuk issuances and innovative capital solutions.
- Societe Generale demonstrated prowess in sustainable financing with notable involvement in global sustainable-bond issuances outside of Europe and North America.
- European Bank for Reconstruction and Development (EBRD) significantly increased investments to support vital infrastructure and business lines in countries like Ukraine, reaching a record-breaking $17.2 billion in 2024.
- BBVA invested over $3.2 billion in client-facing technology enhancements, focusing on artificial intelligence to improve customer assistance and digital infrastructure.
- Banco BTG Pactual expanded its suite of offerings by introducing new financial products and geographical reach amid volatile Latin American markets.
- The best investment banks for 2025 in various categories and country winners were also recognized, showcasing excellence in different regions and sectors.
- Key players like J.P. Morgan, Goldman Sachs, and Nomura also secured top positions in specific categories, underscoring their continued prominence in the investment banking landscape.

Shree Cement's Robust Performance, Volume Growth Drive Rating Upgrade From Nomura
- Nomura has upgraded Shree Cement Ltd.’s stock rating to 'buy' from 'neutral' and raised its target price to Rs 34,000, marking a 21% increase from the previous target of Rs 28,000.
- Shree Cement is expected to benefit from better cement realisations in its core markets, especially in North and East India, which account for over 80% of Shree Cement’s sales.
- Shree Cement’s robust performance in its core markets, higher cement prices, and efficient cost management contribute to its position as the highest unitary Ebitda player in the industry.
- Nomura forecasts a 10% volume compound annual growth rate for Shree Cement, ahead of the industry’s expected 7% growth, driven by asset sweating and ongoing capacity expansion in key regions.

IT Sector Outlook: Analysts Have Chalk And Cheese Views On Tech Stocks After Accenture Results
- Analysts have varying views on the IT sector post the Accenture results, with concerns over US discretionary spending impacting Indian IT companies.
- Accenture raised its forecast for fiscal 2025, signaling a neutral to positive outlook for Indian IT according to HSBC, while Nomura is cautious about US federal contracts.
- Domestic IT sector may face challenges due to limited exposure to US federal contracts, prompting brokerages like CLSA to urge a cautious approach despite stable pricing.
- Despite projected growth, there are concerns about a possible pause in flow business and difficulty in outperforming the market in 2025, particularly in retail.
- Citi advises caution in the sector citing global economic uncertainties, increased competition intensity, and margin pressures, recommending certain tech companies over others.
- Nomura highlights risks for Indian IT companies despite no exposure to US federal contracts, predicting tough times ahead with growth likely to bottom out in 2025.
- CLSA remains optimistic on the Indian IT sector, emphasizing that reductions in US public services won't affect domestic IT companies, expecting currency depreciation to partially offset revenue cuts.
- CLSA maintains an 'outperform' rating on key Indian IT firms, citing progress in the BFSI sector, while continuing to favor Accenture in communication, media, and technology verticals.

Stock Market Live: Nifty Support Seen At 22,940; Bajaj Finance, Manappuram Finance, IndusInd Bank In Focus
- The Nifty has immediate support near 22,940–22,974, with a bullish gap suggesting a potential rally towards 23,500–23,600 if it remains above 22,940.
- AU Small Finance Bank denied rumors of CFO resignation and special RBI audit, confirming Vimal Jain continues as CFO.
- Brokerages like Citi, CLSA, and Nomura offer insights on IT sector outlook and preferences for companies such as HCL Tech, Infosys, and Wipro.
- Manappuram Finance receives a significant investment from Bain Capital; IndusInd Bank initiates investigation into accounting discrepancies.
- Bajaj Finance appoints new executives, while JSW Energy plans to raise funds through non-convertible debentures.
- Nifty March futures show positive trends, with key activity at 24,000 call strikes and securities like IndusInd Bank and SAIL in the ban period.
- Recent market movements indicate signs of stability and potential recovery, supported by improving price action and key index movements.
- US futures and Asian stock markets show mixed trends, with the Nifty index trading above 23,200.
- Overall, the market outlook reflects a mix of positive signals and cautious approaches towards various sectors and specific stocks.
- Market participants are advised to monitor key support levels and corporate developments to navigate the current market environment.

Stock Recommendations Today: United Spirits, Bajaj Finance, Waaree Energies On Brokerages' Radar
- United Spirits Ltd., Bajaj Finance Ltd., and Waaree Energies Ltd. were highlighted by brokerages with Citi upgrading United Spirits to 'buy' and setting a target price of Rs 1,650.
- Nomura predicts that Indian IT companies' growth is likely to bottom out in financial year 2025F, while Citi remains cautious on the IT sector.
- BofA notes Indian markets entering panic zone due to foreign selling, but historically, positive returns are likely once the panic zone is exited.
- CLSA and Nomura provide insights on Indian IT companies compared to Accenture, highlighting potential opportunities amidst macroeconomic uncertainties.
- CLSA analyzes the automotive market segments with Bajaj Auto poised for growth in the 125-250cc segment.
- UBS discusses Defence Acquisition Council's approvals and positive implications for defence State-Owned Enterprises in financial year 2026.
- Brokerages like Citi and Morgan Stanley share recommendations on Bajaj Finance, emphasizing strong medium-term growth outlook and management confidence.
- Nuvama initiates a 'buy' rating on Waaree Energies, projecting significant Ebitda growth from their backward integration strategy.
- UBS maintains a 'buy' rating on Bharat Forge, highlighting the approval for procurement of 307 ATAGs and Bharat Forge being the lowest bidder.
- In addition, brokerages offer insights on Adani Enterprises in the cable and wire industry and Bain Capital's acquisition in Manappuram Finance.

Injective Brings Robinhood (HOOD) Stock to On-Chain Trading
- Injective has introduced on-chain trading for Robinhood (HOOD) stock, offering 24/7 access and enhanced liquidity through its decentralized finance ecosystem.
- Injective has launched its latest iAsset, allowing trading of Robinhood (HOOD) stock directly on the blockchain, providing unrestricted trading hours and increased liquidity.
- Injective has filed a governance proposal to integrate McDonald's perpetual contracts into its dApps ecosystem, bridging traditional finance and blockchain-based markets.
- Injective has expanded institutional access with on-chain funds through a collaboration with Libre's subsidiary and Nomura, offering a blockchain-based institutional fund issuing and distribution platform.

The US stock market is cratering. It could create winners in other places, says Nomura.
- The recent stock market selloff in the US is prompting investors to consider reallocating funds globally.
- Heightened uncertainty around the US economic outlook due to Trump's policies, including tariffs, is leading foreign investors to shift to European and Chinese markets.
- Investors are concerned about the US stock market's performance and are considering putting their money in other markets to change global financial flows.
- The rise of another reserve currency, potentially the euro, and increasing interest in China's stock markets are among the potential outcomes of the US stock market selloff.
India's Tweak In Auto Tariffs For US Imports Will Not Have Sizeable Impact, Says Nomura
- Any move by India to reduce or eliminate import duties on US auto components will not have a sizeable impact as existing tariff differentials are relatively small and the risk of increased imports from the US is low, says Nomura.
- Indian suppliers have been able to build a reasonable scale with leadership in certain products such as EV differentials, bevel gears, and crankshafts.
- Elon Musk's Tesla is eyeing to enter the world's third largest car market and the US decision to impose higher tariffs on countries like Mexico, Canada, and China could potentially benefit Indian auto exporters.
- Nomura suggests the Indian government could offer a substantially lower duty for cars made in the US, as long as they are not taking advantage of the system by importing cars or components from other lower-cost-production countries such as Mexico or China.

Laser Digital AM Launches Fund with Exposure to NEAR Token
- Laser Digital, Nomura’s digital assets subsidiary, launches the Laser Digital NEAR Adoption Fund to provide long-term exposure to the NEAR token.
- The Fund aims to take advantage of the economic opportunities of the NEAR blockchain, combining a long-term trend with a carry component in the Digital Assets asset class.
- The Fund utilizes TruFin’s institutional-grade liquid staking solution, TruStake, to provide seamless exposure to the NEAR token and its underlying staking rewards.
- The Fund will be available to eligible institutional and professional investors in selected jurisdictions, offering exposure to the next wave of AI-driven Web3.0 applications.

Stock Recommendations Today: IndiGo, SBI Cards, Airtel, Coal India And Zomato On Brokerages' Radar
- Brokerages are closely observing stocks like SBI Cards, Trent, IndiGo, Bharti Airtel, Coal India, EPL, Zomato, and Prestige Estates today.
- Goldman Sachs maintains a 'sell' rating on Indus Towers and Vodafone Idea, while reiterating a 'buy' rating on Bharti Airtel with a raised target price.
- JPMorgan maintains a 'neutral' rating on Coal India, citing reasons not to buy the dip in stock prices.
- Goldman Sachs is bullish on Trent, expecting store sales ramp up and strategic growth in the business.
- Goldman Sachs also recommends buying shares of IndiGo Airlines due to strong domestic traffic and capacity expansion prospects.
- Morgan Stanley suggests an 'equal-weight' rating on SBI Cards, highlighting growth in January spend and market share.
- Nomura maintains a 'buy' rating on EPL, citing a positive stake sale to Indorama and long-term benefits for minority shareholders.
- Bernstein remains positive on Zomato, expecting continued growth and profitability in the medium term.
- Citigroup lowers the target price for Prestige Estates but maintains a 'buy' rating, anticipating delays in new launches.
- The article focuses on various stock recommendations and insights from brokerages to guide investors on the latest market trends.

Nomura Holdings Subsidiaries
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