Tag - nikko

 
 

NIKKO

Stefanie Drews, CEO of Amova Asset Management, speaks at an event in Tokyo on Monday.
BUSINESS / Companies
Sep 2, 2025
‘Nikko’ cut from new name of $260 billion Japanese fund manager
Nikko Asset Management is changing its name to Amova Asset Management.
Trevor Hill, former head of equity at SMBC Nikko Securities, arrives at the Tokyo District Court in Tokyo on Tuesday.
JAPAN / Crime & Legal
Jul 22, 2025
Former SMBC Nikko managers found guilty in market manipulation case
When the allegations of market manipulation surfaced in early 2022, they shone a spotlight on Japan’s financial sector and led to regulatory penalties against the brokerage.
SMBC Nikko Securities has already introduced a family trust system under which relatives can act as agents for older customers for their investments.
JAPAN / FOCUS
Jun 12, 2025
New securities system enables those with dementia to invest with family's help
Under the system, investors can designate trusted family members as their agents while they are still mentally capable.
SMBC Nikko Securities hired former Nomura Holdings senior executive Susumu Usui as co-head of equity and ex-Citigroup’s Keita Matsumoto as head of financial markets.
BUSINESS / Companies
May 7, 2025
SMBC Nikko hires former Nomura and Citi top executives in rebuild
The firm is seeking to strengthen its business following the rigging scandal more than two years ago, which led to the loss of several equity executives.
Net income at Daiwa Securities Group tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31.
BUSINESS / Companies
Apr 29, 2025
Japanese brokerages struggled with volatility even before tariffs
Net income at Daiwa tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31, marking the first decline in eight quarters.
Daiwa Securities has stationed "inheritance consultants" at its headquarters and all branch offices to advise clients on inheritance tax planning and the importance of having a will.
BUSINESS / Companies / FOCUS
Feb 25, 2025
Japan's traditional brokers shift focus to inheritance business
As the population ages, a growing number of individuals are concerned about end-of-life planning.
An Asian black bear preys on a live deer caught in a trap in Nikko, Tochigi Prefecture, in May, in this image from video footage shot by researchers.
JAPAN
Jan 27, 2025
Black bear caught on camera attacking trapped deer in rare footage
The discovery suggests that if bears learn to associate traps with easy prey, the risk of encounters with humans could rise.
In order to emphasize its grandeur, architect Gonkuro Kume designed the entrance hall of Nikko Kanaya Hotel's Annex Building with "karahafu" curved gables.
CULTURE / Art
Jul 10, 2024
Nikko Kanaya Hotel: A gateway to the art of Meiji Japan in the hills of Tochigi
Over 150 years on, the structure stands as a remarkable example of Japanese art and architecture in an era known for rapid modernization.
SMBC Nikko Securities has set up an alumni organization for former employees to interact and share their experiences.
BUSINESS / Companies / FOCUS
Mar 4, 2024
As more move midcareer, Japan firms tap former hires with alumni networks
As well as seeking business opportunities, companies also recognize the value of rehiring individuals with expertise and skills gained elsewhere.
Antoine Flamarion, co-founder of Tikehau Capital. Nikko Asset Management is in advanced talks to acquire a stake in the French asset manager.
BUSINESS
Dec 18, 2023
Nikko in talks to buy Tikehau stake and form Asia partnership
The deal would involve a distribution agreement in Japan and elsewhere in Asia and a joint venture in private markets investment strategies in the region.
Nikko Asset Management is ditching its bearish view on the yen, and now has a ¥135 target against the dollar by year-end.
BUSINESS / Markets
Jul 20, 2023
Nikko Asset shifts to bullish yen slant as Ueda bides his time
The shift in his view highlights potential upside for the yen, where inflation-adjusted interest rates have exacerbated its decline to multidecade lows.
Japan Times
BUSINESS / Companies
Feb 13, 2023
SMBC Nikko fined ¥700 million over market manipulation
The firm received an additional penalty of some ¥4.4 billion, while a former executive officer was given a suspended prison sentence.
Japan Times
BUSINESS / Companies
Oct 31, 2022
SMBC Nikko posts record loss on market rigging fallout
The firm signaled personnel changes are in the works, and wasn't optimistic that business will bounce back quickly.
Japan Times
BUSINESS
Oct 7, 2022
Sumitomo Mitsui punished for market-rigging at brokerage arm
The financial watchdog also ordered SMBC Nikko to suspend operations related to block offers for three months, in a fresh blow to the company's reputation.
Japan Times
BUSINESS / Companies
Oct 3, 2022
SMBC Nikko’s issues let small firms grab credit market share
Tokai Tokyo Securities and Shinkin Securities moved up in the league tables in the first half of the financial year that started April, surpassing SMBC Nikko, data shows.
Japan Times
BUSINESS / Companies
Sep 29, 2022
Watchdog recommends punishment for SMBC Nikko over alleged manipulation
The measures typically entail temporary business suspensions or orders to improve internal controls, among other things.
Japan Times
BUSINESS
Sep 24, 2022
SMBC Nikko to face administrative penalties over stock manipulation
Based on the recommendation, the Financial Services Agency is expected to impose penalties on the firm, including an order for the company to suspend part of its operations.
Japan Times
BUSINESS / Companies
May 25, 2022
SMBC Nikko’s bond business dives in value after alleged market manipulation
A scandal has damaged the firm just as issuers and investors are increasingly adopting environmental, social and governance targets into their business strategies.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’