Nomura Holdings plans additional $186M cost cuts amid market recovery and past penalties.

Nomura Holdings, Japan's largest brokerage, plans to cut costs by an additional ¥28 billion ($186 million), led by CEO Kentaro Okuda. The cost-saving measures include improving IT infrastructure, promoting digitalization and automation, and reviewing office locations. This follows last year's cost-saving package of ¥62 billion. Despite recent regulatory penalties and employee misconduct, Nomura has seen increased profitability due to improved market conditions.

December 02, 2024
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