Nomura Should Focus More on Japan Business: Morningstar's Makdad

The video discusses Nomura's financial strategy, focusing on cost cuts and the impact of goodwill write-downs from the Lehman Brothers acquisition. It highlights the challenges Nomura faces in scaling its global operations and suggests a strategic refocus on its core strengths in Japan, similar to Daiwa Securities. The discussion emphasizes the need for Nomura to adapt its strategy post-global financial crisis to remain competitive.

What is one potential outcome of Nomura's cost-cutting measures?

• Increased global expansion

• Closure of certain businesses

• Acquisition of new assets

• Hiring more employees

What is a key issue for Nomura following the global financial crisis?

• Lack of scale in its operations

• Excessive focus on technology

• Over-reliance on domestic markets

• Legacy issues from past acquisitions

Which strategy did UBS and Credit Suisse adopt post-crisis?

• Reducing workforce

• Focusing on wealth management

• Expanding into new markets

• Investing in technology

What strategic shift is suggested for Nomura?

• Investing heavily in technology

• Acquiring more overseas assets

• Focusing on its core strengths in Japan

• Expanding its global operations

What is the recommended approach for Nomura regarding its overseas operations?

• Maintaining the current scale

• Complete withdrawal from overseas markets

• Significant reduction and refocus

• Aggressive expansion