Nomura Holdings plans to nearly double pretax profit to over ¥500bn by 2030 under CEO Kentaro Okuda's 'sustainable growth' strategy.

Nomura Holdings plans to nearly double its pretax profit to over ¥500bn ($3.2bn) by 2030, as part of CEO Kentaro Okuda's strategy for 'sustainable growth'. This comes after last year's profit growth, reaping benefits from a revival in domestic financial markets. The company aims to boost profitability and limit volatility risk in its key wholesale division, despite challenges in maintaining elevated costs within this division.