Nomura’s China losses narrow as brokerage seeks turnaround

Nomura Holdings' joint venture in China faced challenges due to slowing growth and trade tensions, but managed to narrow its net loss by 30% last year—its second consecutive year of improvement. Despite this progress, the company still grapples with ongoing financial losses since forming the venture in late 2019, with credit impairment costs surging higher than a year ago. The joint venture continues to struggle, with Nomura Ownership holding a majority stake and facing uncertainties ahead as it seeks to turn things around.