Japan’s Investment Banks Once Ugly Sisters Turn Into Cinderellas

Japan’s Investment Banks Once Ugly Sisters Turn Into Cinderellas

Akio Kon/Bloomberg

The Nomura Holdings Inc. headquarters, center, stands in Tokyo. Nomura’s net income probably more than doubled to 56 billion yen in the three months ended March, the highest since the quarter ended June 2007, according to the average estimate of nine analysts surveyed by Bloomberg ahead of figures due today.