Nomura Holdings Inc. says its four years of losing money abroad may soon be over as it rebuilds businesses outside of Japan after cutting costs.
Japan's biggest brokerage is on track to achieve its goal of becoming profitable in Asia, Europe and the United States by March, Chief Financial Officer Shigesuke Kashiwagi said Tuesday after second-quarter earnings beat estimates.
The firm will probably reach another target of ¥50 billion in annual pretax profit from overseas by March 2016, he said.