Brokerage Industry: Business Environment and Nomura

brokerage industry: The company hopes to restore its earning power by reviewing its cost structure, according to The Japan Times. The brokerage industry faces a rapid change in the domestic business environment due to the aging of customers and the development of digital technology. The brokerage giant aims to cut operating costs by a total of 140 billion by the end of March 2022 from the level four years before. ; Nomura will mainly consolidate outlets in the Tokyo metropolitan region whose sales areas overlap. Nomura hopes to improve the efficiency of outlets located close to each other, as well as those sales bases hit by a decline in customer visits, which is due chiefly to the popularity of online trading and other services. As for overseas operations, the Nomura group will focus resources on the United States and the growing markets in China and other Asian countries while scaling down its operations in Europe. Nomura Securities Co., the core unit of the holding company, will review its staffing of some 3,000 sales personnel over several years. (news.financializer.com). As reported in the news.