Key Facts
• November 4, 2025: Four major securities firms released midterm consolidated results.
• Three firms, including Nomura Holdings, reported profit growth due to rising stock prices.
• Nomura Holdings achieved revenue and profit growth, driven by strong derivatives performance.
• Nomura’s asset management business benefited from increased client assets and stable trading fees.
• Daiwa Securities Group also saw revenue and profit growth, with significant fee expansion.
• SMBC Nikko Securities reported revenue decline but achieved profit growth through M&A services.
• Mitsubishi UFJ Securities Holdings faced revenue and profit declines due to weak mutual fund sales.
• Rising interest rates impacted SMBC Nikko’s trading profits, while M&A remained strong.
• Mitsubishi UFJ’s domestic and international bond underwriting performed well despite challenges.
• Firms emphasized long-term, diversified investment strategies and stable profit structures.
Summary
The midterm consolidated results for four major securities firms in Japan, released on November 4, 2025, highlighted the impact of rising stock prices. Nomura Holdings, Daiwa Securities Group, and SMBC Nikko Securities reported profit growth, while Mitsubishi UFJ Securities Holdings faced declines. Nomura’s strong derivatives performance and increased client assets drove its success, while Daiwa benefited from expanded fee income. SMBC Nikko overcame revenue challenges with robust M&A services, and Mitsubishi UFJ saw strong bond underwriting despite weak mutual fund sales. The firms continue to focus on long-term investment strategies and stable profit structures.
