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Nomura to return to private equity market in Japan, eyes stable income

Brokerage plans to invest $895 million in new business

Reuters  |  Tokyo 

Nomura Holdings Inc is returning to private equity - a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans. Japan's biggest brokerage and investment bank on Wednesday said in a statement it would initially invest about 100 billion yen ($895 million) in the new business. It has yet to identify any specific investment targets. Nomura and other brokerages, which generate much of their revenues from securities trading, are increasingly looking to more ...

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First Published: Wed, November 29 2017. 13:26 IST