Tsujino's questions to Nomura Holdings Inc (NMR) leadership • Q1 2026
Question
Tsujino from BofA Securities asked for an update on Global Markets performance in July, specifically comparing Japan and overseas. She also questioned why the EMEA region reported a loss despite strong FICC performance in Europe.
Answer
CFO Hiroyuki Moriuchi stated that July's Global Markets performance was in line with Q1, with stronger results overseas than in Japan. He attributed the EMEA loss to two factors: weak performance in the Laser Digital (digital asset) business and inflated Q1 personnel costs due to European compensation regulations.