Sign in

    Muraki

    Senior Analyst at SMBC Nikko Securities Inc.

    Masao Muraki is a Senior Analyst at SMBC Nikko Securities Inc., specializing in the Japanese insurance and financial services sectors. He covers prominent listed firms such as Tokio Marine Holdings and Sompo Holdings, leveraging deep industry knowledge to provide equity research and forecasts for these leading companies. Over his career at SMBC Nikko, Muraki has built a reputation for incisive analysis and reliable forecasting, supporting institutional investors with actionable insights on sector dynamics; however, specific performance metrics or external ranking data are not publicly disclosed. His professional background includes multiple years of experience as an analyst at SMBC Nikko Securities, though details on previous roles or professional licenses are not available in the public domain.

    Muraki's questions to ORIX (IX) leadership

    Muraki's questions to ORIX (IX) leadership • Q1 2026

    Question

    Inquired about the outlook for capital recycling, specifically potential capital losses from impairments or credit losses, and whether the company is considering realigning ORIX Life's bond portfolio to offset gains and improve future profitability.

    Answer

    The company is currently reviewing its full-year forecast, which includes assessing the optimal timing for capital gains and potential losses. While some impairments occurred, the credit loss outlook is conservative. Regarding ORIX Life, the unrealized bond losses are linked to long-term liabilities with low surrender risk, so no major portfolio realignment for capital loss harvesting is currently planned. The overall profit direction is positive due to the Greenco gain, but a full review is underway.

    Ask Fintool Equity Research AI

    Muraki's questions to NOMURA HOLDINGS (NMR) leadership

    Muraki's questions to NOMURA HOLDINGS (NMR) leadership • Q1 2026

    Question

    Muraki of SMBC Nikko Securities asked new CFO Moriuchi about his capital policy priorities, his view on the pro forma 12.5% CET1 ratio post-Macquarie acquisition, and any updates on the deal's closing timeline. He also inquired about the trend in risk-weighted assets (RWA).

    Answer

    CFO Hiroyuki Moriuchi explained that capital policy prioritizes business strategy investments over shareholder returns, though the company remains committed to a payout ratio over 50%. He described the 12.5% CET1 ratio as potentially "thinning" but not prohibitive for shareholder returns. He confirmed the Macquarie deal is proceeding smoothly for a December closing and noted that RWA is increasing as the firm captures visible business opportunities in Global Markets.

    Ask Fintool Equity Research AI

    Muraki's questions to NOMURA HOLDINGS (NMR) leadership • Q1 2026

    Question

    Muraki of SMBC Nikko Securities asked about the new CFO's capital policy priorities and his view on the pro-forma CET1 ratio post-Macquarie acquisition. He also requested updates on the Macquarie deal's timeline and the reasons for the increase in risk-weighted assets (RWA).

    Answer

    CFO Hiroyuki Moriuchi prioritized strategic business investments over shareholder returns, while maintaining a payout commitment of over 50%. He described the pro-forma 12.5% CET1 ratio as potentially 'thinning the capital'. He confirmed the Macquarie deal is proceeding smoothly and attributed the RWA increase to growing business exposure and a strong pipeline in Global Markets.

    Ask Fintool Equity Research AI