Nomura Targets Investment Banking Recovery on Japan Rally

Nomura Holdings Inc., Japan’s biggest brokerage, said it expects its investment banking operations to recover this year as the country’s stock rally prompts companies to tap capital markets.

“We have a very positive view on our pipeline as the stock market and Japan as a whole are doing well,” Chief Financial Officer Junko Nakagawa said in Tokyo yesterday after the company posted third-quarter profit that missed estimates as investment banking fees fell. “We want to help Japanese corporates as their business opportunities improve.”