Watanabe's questions to Nomura Holdings Inc (NMR) leadership • Q1 2026
Question
Watanabe of Daiwa Securities inquired about the JPY 6.6 billion phishing scam compensation, asking if the cost was final for the period and where it was booked. He also asked for the reasons behind the relative weakness in FICC and strength in Equities within Global Markets.
Answer
Chief Financial Officer Hiroyuki Moriuchi confirmed the JPY 6.6 billion cost reflects all illegal trades up to June 28 and is booked under 'other expenses'. He explained that FICC performance was impacted by a lag in Japan's rates product in April, while Equities were strong due to the Americas derivatives business successfully capitalizing on market volatility.