Nagasaka's questions to Nomura Holdings Inc (NMR) leadership • Q1 2026
Question
Nagasaka of Morgan Stanley inquired about client sentiment in Investment Banking, asking if Nomura sees a similar recovery to US banks and noting any unique trends in Japan. He also asked about client behavior and investment appetite in Wealth Management amid market uncertainty.
Answer
CFO Hiroyuki Moriuchi highlighted that Japanese corporate enthusiasm for strategic action remains uniquely high due to governance reforms. Overseas, deal sentiment is improving. In Wealth Management, he noted that while some clients paused during the April market shock, they did not panic, indicating improved investor maturity and literacy.