Nagasaka's questions to NOMURA HOLDINGS (NMR) leadership • Q1 2026
Question
Nagasaka of Morgan Stanley MUFG Securities asked about client sentiment in two key areas. For Investment Banking, he inquired about the recovery in corporate engagement and deal outlook, particularly in Japan. For Wealth Management, he asked if client investment appetite remained strong despite market uncertainty.
Answer
CFO Hiroyuki Moriuchi noted that Japanese corporate enthusiasm for strategic action remains high due to governance reforms, creating a stable deal environment. Overseas, sentiment is improving. In Wealth Management, he observed that while some clients paused during the April market shock, they remained calm and did not panic, suggesting improved investor literacy and maturity.