Nomura will take a 20 percent stake in the new company, while Japan Post Bank will take a
45 percent stake, Sumitomo Mitsui Trust Bank a 30 percent stake, and Japan Post a 5
percent stake. The new company is due to be established with capital of 500 million yen.
Japan Post Bank and Japan Post will appoint the President and Vice President. Sumitomo
Mitsui Trust Bank and Nomura will both appoint one director each.
The new company is expected to apply for registration as a financial instruments business
between October 2015 and January 2016. It plans to start distributing investment trusts
through Japan Post Bank and Japan Post in February 2016.
Nomura and Sumitomo Mitsui Trust Bank will provide the new company with expertise in the
area of asset management. The new company will develop easy-to-understand investment
trust products that meet the needs of retail investors in the nationwide networks of Japan
Post Bank and Japan Post, supporting stable asset formation over the long term and
contributing to the shift from savings to investment in Japan.
This latest business alliance will further enhance Nomura’s asset management business in
Japan, which is organized around Nomura Asset Management, Japan’s largest asset
management firm.
Currently, Nomura does not expect the business alliance to have a material impact on its
consolidated results, but will make a timely disclosure if a material impact occurs.
Add Comment