Nomura Holdings Inc ADR
NMR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$4.53 | Rhsy | Vbdzynkcz |
Nomura is Japan's Largest Independent Securities Firm
Business Strategy and Outlook
Nomura is Japan’s largest independent broker, with a market share of around 30% of client assets (stocks, bonds, funds, and so on) held in brokerage accounts in Japan, larger than the 18% held at rival Daiwa Securities and the 10%-17% shares at the securities units of the three megabanks. In investment trusts, Nomura’s market share of assets under management in publicly and privately placed funds was 18% as of mid-2023, roughly double the share of its largest rivals.