Sato's questions to Nomura Holdings Inc (NMR) leadership • Q1 2026
Question
Sato from JPMorgan Securities sought clarification on how special cost items, like the Macquarie acquisition and phishing compensation, were allocated across business segments. He also asked if the significant ETF outflow in the Investment Management division had stabilized.
Answer
CFO Hiroyuki Moriuchi clarified that both the Macquarie acquisition and phishing compensation costs were booked in the corporate/headquarters segment, not within specific business divisions. He also confirmed that the ETF outflow situation had settled by the end of June, attributing it to the actions of specific investors.