Japan

Nomura doubles top managers’ pay for FY2024: report

CEO Kentaro Okuda is amongst those who enjoyed higher compensation.

Nomura doubles top managers’ pay for FY2024: report

CEO Kentaro Okuda is amongst those who enjoyed higher compensation.

StashAway’s Hong Kong assets expand by 20% in Q1

Majority of their assets are from HNW and emerging HNW clients.

Norinchukin Bank’s profits up 24% to $405.7m for FY2023

Net gains from sales of securities jumped over 800% over the period.

Japan’s Norinchukin Bank proposes changes to board

One auditor, Masaki Ogata, is retiring on 21 June.

Japan’s Chugoku Bank maintains strong liquidity despite weak loans

Higher interest rates will help improve profitability, Moody’s said.

Japan’s SMBC bookmarks $64m for social value activities

The group has also established an investment fund.

Mizuho allots $12.95b to finance hydrogen production

The bank noted hydrogen as “key” to decarbonisation of various sectors.

Mizuho’s net income climbs 22% to $4.39b in FY2023

An annual dividend of JPY105 per share has been announced.

Japan’s Sumitomo Mitsui mulling stock split

It has not yet decided whether to push through or not, however.

Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs

SMEs in Osaka will also be able to avail of an android terminal for free.

Mizuho Financial Group publishes impact business policy

The policy defines the bank’s course of action on impact-driven businesses.

Japanese banks back fund to develop space industry

SMBC, MUFG, and Mizuho Bank are all named limited partners.

Japan’s SMBC joins JV to support drug discovery start-ups

The bank will own 33.2% of the JV company, which will be established mid-2024.

Mebuki's profits to improve but unrealised losses to rise

Its problem loans ratio is stable due to strong borrower quality.

Rising rates lift profitability of Japan’s 77 Bank

The same rising rates will increase the bank’s unrealized losses on its domestic bonds.

Japanese banks ‘less reluctant’ to finance hostile takeovers: report

Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.