Nomura Holdings Management

Management criteria checks 3/4

Nomura Holdings' CEO is Kentaro Okuda, appointed in Apr 2020, has a tenure of 4.08 years. total yearly compensation is ¥385.20M, comprised of 31% salary and 69% bonuses, including company stock and options. directly owns 0.012% of the company’s shares, worth ¥320.31M. The average tenure of the management team and the board of directors is 3 years and 3.9 years respectively.

Key information

Kentaro Okuda

Chief executive officer

JP¥385.2m

Total compensation

CEO salary percentage	31.0%
CEO tenure	4.1yrs
CEO ownership	0.01%
Management average tenure	3yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kentaro Okuda's remuneration changed compared to Nomura Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	JP¥166b
Dec 31 2023	n/a	n/a	JP¥116b
Sep 30 2023	n/a	n/a	JP¥133b
Jun 30 2023	n/a	n/a	JP¥114b
Mar 31 2023	JP¥385m	JP¥119m	JP¥93b
Dec 31 2022	n/a	n/a	JP¥116b
Sep 30 2022	n/a	n/a	JP¥110b
Jun 30 2022	n/a	n/a	JP¥96b
Mar 31 2022	JP¥352m	JP¥119m	JP¥143b
Dec 31 2021	n/a	n/a	-JP¥43b
Sep 30 2021	n/a	n/a	-JP¥5b
Jun 30 2021	n/a	n/a	JP¥59b
Mar 31 2021	JP¥320m	JP¥119m	JP¥153b
Dec 31 2020	n/a	n/a	JP¥274b
Sep 30 2020	n/a	n/a	JP¥233b
Jun 30 2020	n/a	n/a	JP¥304b
Mar 31 2020	JP¥278m	JP¥97m	JP¥217b

Compensation vs Market: Kentaro's total compensation ($USD2.44M) is above average for companies of similar size in the JP market ($USD1.56M).

Compensation vs Earnings: Kentaro's compensation has been consistent with company performance over the past year.

CEO

Kentaro Okuda (60 yo)

4.1yrs

Tenure

JP¥385,200,000

Compensation

Mr. Kentaro Okuda has been the President, Group Chief Executive Officer at Nomura Holdings Inc. since April 1, 2020 and has been its Director since June 23, 2020 and has been its Representative Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kentaro Okuda	President	4.1yrs	JP¥385.20m	0.012% ¥ 320.3m
Takumi Kitamura	Executive Officer	8.1yrs	JP¥152.90m	0.0030% ¥ 79.9m
Yosuke Inaida	Executive Officer & Chief Compliance Officer	2.1yrs	JP¥130.10m	0.0049% ¥ 131.5m
Sotaro Kato	Executive Officer & Chief Risk Officer	5.3yrs	JP¥130.10m	0.00046% ¥ 12.3m
Toshiyasu Iiyama	Chief of Staff	7.1yrs	JP¥185.50m	0.0044% ¥ 116.8m
Toru Otsuka	Executive Officer & Group Secretariat of Strategy and Regulatory Affairs	less than a year	JP¥130.10m	0.0014% ¥ 37.7m
Christopher Paul Willcox	Executive Officer & Head of Wholesale	2.3yrs	JP¥800.50m	no data
Gareth Nicholson	Executive Director	2.8yrs	no data	no data
Masahiro Goto	Senior MD & Global Head of Investment Banking	no data	no data	no data
Patrick Eltridge	Senior MD	2.3yrs	no data	no data
Junko Tago	Executive Director	no data	no data	no data
Takako Mori	Senior MD of Compliance & General Counsel	3.3yrs	no data	no data

3.0yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 8604's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kentaro Okuda	President	3.9yrs	JP¥385.20m	0.012% ¥ 320.3m
Yutaka Nakajima	Representative Executive Officer and Deputy President & Head of Global Markets and Director	less than a year	no data	0.022% ¥ 581.3m
Masao Hyonotani	Executive Chairman of Nomura Holding America Inc & Nomura Securities International	2.3yrs	no data	no data
Lap Lik Chu	Independent Outside Director	2.9yrs	no data	no data
Laura Simone Unger	Independent Outside Director	5.9yrs	no data	0.000030% ¥ 802.1k
Chartsiri Sophonpanich	Advisory Board Member	4.7yrs	no data	no data
Takahisa Takahara	Independent Outside Director	2.9yrs	no data	0.000030% ¥ 802.1k
Koji Nagai	Chairman of the Board	10.9yrs	JP¥231.00m	0.016% ¥ 438.8m
Noriaki Shimazaki	Independent Lead Outside Director	7.9yrs	no data	0.0010% ¥ 27.0m
Kazuhiko Ishimura	Independent Outside Director	5.9yrs	no data	no data
Philip Hammond	Advisory Board Member	3.8yrs	no data	no data
Shoji Ogawa	Non-Executive Director	2.9yrs	no data	0.0015% ¥ 40.4m

3.9yrs

Average Tenure

63yo

Average Age

Experienced Board: 8604's board of directors are considered experienced (3.9 years average tenure).

Nomura Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Nomura Holdings, Inc., Annual General Meeting, Jun 25, 2024

Nomurara, Inc Appoints Hemish Shah as Head of Flow Rates for Europe, the Middle East, and Africa

Nomura Appoints Mouloud Ameni as Head of Flow Credit Ceemea

Nomura Appoints Ruchir Sharma as Global Head of Forex Options Trading

Nomura Holdings, Inc. Approves Board Elections

High number of new directors

Recent updates

Nomura Holdings, Inc., Annual General Meeting, Jun 25, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Nomura Holdings, Inc. Declares Dividend, Payable on June 3, 2024

Nomura Holdings, Inc. to Report Q4, 2024 Results on Apr 26, 2024

Upcoming dividend of JP¥9.00 per share

Nomurara, Inc Appoints Hemish Shah as Head of Flow Rates for Europe, the Middle East, and Africa

Price target increased by 14% to JP¥808

Dividend of JP¥9.00 announced

New major risk - Financial position

Price target increased by 9.0% to JP¥709

Third quarter 2024 earnings released: EPS: JP¥16.76 (vs JP¥22.30 in 3Q 2023)

Price target increased by 8.4% to JP¥668

Nomura Holdings, Inc. (TSE:8604) announces an Equity Buyback for 125,000,000 shares, representing 4.15% for ¥100,000 million.

Nomura Appoints Mouloud Ameni as Head of Flow Credit Ceemea

Global Hydrogen Energy LLC completed the acquisition of Dune Acquisition Corporation (NasdaqCM:DUNE) from Dune Acquisition Holdings LLC and others in a reverse merger transaction.

Nomura Holdings, Inc. to Report Q3, 2024 Results on Jan 31, 2024

Now 20% undervalued after recent price drop

Talos Trading, Inc. acquired Laser Digital Group Holdings AG from Nomura Holdings, Inc. (TSE:8604).

Nomura Appoints Ruchir Sharma as Global Head of Forex Options Trading

Nomura Holdings, Inc. Declares Dividend, Payable on December 1, 2023

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued

Nomura Holdings, Inc. to Report Q2, 2024 Results on Oct 27, 2023

Upcoming dividend of JP¥7.00 per share at 2.7% yield

Laser Digital Asset Management Launches Bitcoin Adoption Fund for Institutional Investors

Consensus EPS estimates increase by 12%

First quarter 2024 earnings released: EPS: JP¥7.71 (vs JP¥0.56 in 1Q 2023)

Now 26% undervalued

Now 21% undervalued

Full year 2023 earnings: EPS and revenues miss analyst expectations

Nomura Holdings, Inc. Approves Board Elections

Nomura Holdings, Inc. to Report Q1, 2024 Results on Aug 01, 2023

Nomura Holdings, Inc. entered into an agreement to acquire securities business of LINE Securities Corporation.

Consensus EPS estimates fall by 10%

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued

Consensus EPS estimates fall by 11%

Now 20% undervalued

Consensus EPS estimates increase by 36%

Third quarter 2023 earnings: Revenues exceed analyst expectations

Nomura Holdings, Inc. to Report Q3, 2023 Results on Feb 01, 2023

Second quarter 2023 earnings: EPS misses analyst expectations

High number of new directors

PC1 Group Joint Stock Company (HOSE:PC1) completed the acquisition of 70% stake in Nomura Asia Investment (Viet Nam) Pte. Ltd from Nomura Holdings, Inc. (TSE:8604).

Second quarter 2023 earnings: Revenues in line with analyst expectations

Nomura Holdings, Inc. Announces Dividend for the Second Quarter of Fiscal Year 2023 , Dividend Payable on December 01, 2022

A private equity consortium led by Brookfield Business Partners L.P. (NYSE:BBU) and Evergreen Coast Capital Corp. completed the acquisition of Nielsen Holdings plc (NYSE:NLSN) from Elliott Investment Management L.P. and others.

A private equity consortium led by Brookfield Business Partners L.P. (NYSE:BBU) and Evergreen Coast Capital Corp. completed the acquisition of Nielsen Holdings plc (NYSE:NLSN) from Elliott Investment Management L.P. and others.

Nomura's Appoints Nicolas Bertrand as its New CEO

Nomura Holdings, Inc. to Report Q2, 2023 Results on Nov 02, 2022

Upcoming dividend of JP¥10.00 per share

Consensus forecasts updated

First quarter 2023 earnings: EPS and revenues miss analyst expectations

PC1 Group Joint Stock Company (HOSE:PC1) entered into sale and purchase agreement to acquire 70% in Nomura Asia Investment (Viet Nam) Pte. Ltd from Nomura Holdings, Inc. (TSE:8604).

Full year 2022 earnings: EPS and revenues miss analyst expectations

Nomura Holdings, Inc. (TSE:8604) announces an Equity Buyback for 80,000 shares, representing 5.75% for ¥78.24 million.

Nomura Holdings, Inc. to Report Q1, 2023 Results on Aug 03, 2022

Nomura, Inc Appoints Jwalant Nanavati as Investment Banking Head for Southeast Asia, July 1, 2022

High number of new directors

Nomura Holdings, Inc. (TSE:8604) and Mitsui & Co., Ltd. (TSE:8031) agreed to acquire 67.5% stake in New Forests Pty Limited.

Nomura Holdings, Inc. (TSE:8604) announces an Equity Buyback for 50,000,000 shares, representing 1.55% for ¥30,000 million.

Nomura Holdings, Inc., Annual General Meeting, Jun 21, 2022

Nomura Holdings, Inc. Declares Year-End Dividend for the Fiscal Year 2021, Payable on June 1, 2021

Nomura Holdings, Inc. to Report Fiscal Year 2021 Results on Apr 27, 2021

Nomura Holdings, Inc. Announces the Appointment of Kentaro Okuda as President of Nomura Securities

SparkCognition, Inc. acquired AIM2 from Brevan Howard Asset Management LLP and Nomura Holdings, Inc. (TSE:8604).

Nomura Announces Executive Changes

Nomura and SPARX Group Announce Strategic Alliance to Establish Listed Investment Corporation

Nomura Holdings, Inc. to Report Q3, 2021 Results on Feb 03, 2021