Koji Nagai, who took over as Nomura Holdings Inc.'s chief executive officer last month, said he plans to make overseas operations profitable by June 2014.
"We are not going to lower the flag as a global bank," Nagai, 53, said Friday in Tokyo. "We want to be an Asia-based global investment bank."
The forecast may be a relief to investors, who have seen shares of Japan's largest brokerage drop to near a 37-year low as the 2008 purchase of Lehman Brothers Holdings Inc.'s European and Asian units swelled costs that led to nine straight quarters of losses abroad.