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    Ken Takamiya

    Research Analyst at Nomura Securities

    Ken Takamiya is Managing Director and Head of Asia-Pacific Banks & Other Financials Research at Nomura Securities, specializing in equity research for major Japanese and Asian financial institutions. He covers leading companies, including Japan Post Bank, and his analysis has earned him a third-place ranking for Japanese banks by Institutional Investor in 2014, as well as a strong 84.62% success rate with a 3.26-star rating on TipRanks, reflecting reliable investment performance. Takamiya began his career at the Bank of Tokyo in 1992, with subsequent roles at Nomura Asset Management, Credit Suisse First Boston, and Mizuho Securities before joining Nomura Securities in August 2009. He holds a BA from Keio University and an MA from the Open University of Japan, with deep expertise in capital markets and sector-specific research.

    Ken Takamiya's questions to MITSUBISHI UFJ FINANCIAL GROUP (MUFG) leadership

    Ken Takamiya's questions to MITSUBISHI UFJ FINANCIAL GROUP (MUFG) leadership • Q2 2024

    Question

    Asked for the reasoning behind the JPY 400 billion share buyback and its implications for future capital policy, and why the full-year guidance was kept unchanged despite strong first-half performance.

    Answer

    The JPY 400 billion share buyback was decided based on the CET1 capital level and a more stable market environment compared to May. The capital management policy remains focused on a target range, with surplus capital allocated to growth or shareholder returns. The full-year guidance was maintained because Treasury profits were front-loaded in the first half, and the second half is expected to align with the initial plan. The positive impact from the weaker yen is being used to offset losses on foreign bonds to improve the balance sheet's profitability, and the JPY 1.3 trillion target is kept to ensure the 7.5% ROE goal is met.

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    Ken Takamiya's questions to MIZUHO FINANCIAL GROUP (MFG) leadership

    Ken Takamiya's questions to MIZUHO FINANCIAL GROUP (MFG) leadership • Q2 2022

    Question

    Ken Takamiya of Nomura Securities inquired about the financial impact of recent system failures on performance and costs, and also asked for the rationale behind announcing a dividend increase at this specific time.

    Answer

    CFO Makoto Umemiya explained that a JPY 3 billion negative impact from system failures is factored into the revised plan, with related expenses potentially exceeding the initial JPY 18 billion budget due to further infrastructure needs. Regarding the dividend, he stated that management's increased confidence in achieving over JPY 500 billion in net income, despite market uncertainties, prompted the announcement in line with their 40% payout ratio policy.

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