Nomura Holdings Inc. more than tripled pay to top managers last fiscal year as it returned to profit from a record loss, according to a financial report sent to shareholders.
Chief Executive Officer Kenichi Watanabe and his executive team received an average of ¥145 million for the 12 months that ended March 31, up from ¥41.5 million a year earlier, according to the report.
Nomura shares rose 35 percent during the fiscal year as the firm recovered from losses partly caused by its 2008 acquisition of Lehman Brothers Holdings Inc.'s Asian and European businesses. In the previous 12 months, the stock lost two-thirds of its value. Nomura posted a profit of ¥67.8 billion for the 12 months to March 31, compared with a loss of ¥708.2 billion a year earlier.