Nomura Trails Goldman in Return on Equity Amid Losses Abroad
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Nomura Holdings Inc. trailed the world’s biggest investment banks last quarter in generating shareholder returns, underscoring the challenge for Chief Executive Officer Koji Nagai in trimming costs without sacrificing revenue.
Return on equity, a measure of how well the firm reinvests stockholder funds, was 0.5 percent in the three months ended Sept. 30, Japan’s biggest brokerage said yesterday after posting net income of 2.8 billion yen ($35 million). That compared with Goldman Sachs Group Inc.’s 8.6 percent.