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Nomura Holdings (BUE:NMR) Cash, Cash Equivalents, Marketable Securities


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What is Nomura Holdings Cash, Cash Equivalents, Marketable Securities?

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Nomura Holdings (BUE:NMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nomura Holdings Inc (BUE:NMR) » Definitions » Cash, Cash Equivalents, Marketable Securities
Address
13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.