Nomura Holdings Raises Profit Target to ¥750 Billion by 2031

Nomura Holdings raised its long-term profit targets after recording its highest annual earnings to date. 7 billion) in annual pretax income by the year ending March 2031, up from its prior goal of more than ¥500 billion. The brokerage also set a new return-on-equity target of 10% to 12% per year, compared with the previous range of 8% to 10% or higher.

The updated goals were presented to investors on Thursday.

Okuda said earning power has improved steadily since the firm released its 2030 vision two years ago. He added that the company continues working toward sustainable growth and further improvement in its ability to generate profits. The revised targets reflect performance gains achieved under the current strategy.