Nomura faces rare vote on shareholder's proposal of a name change

Nomura Holdings is considering a shareholder proposal to rename itself as Nomura Securities Group at its upcoming general meeting, following years of activism in the stock market. The proposal seeks to restore the company’s original principles tied to its founder after a series of scandals, including manipulative trading practices that led to regulatory penalties and loss of corporate bond deals. This vote marks Nomura's first in 13 years, signaling growing interest in addressing its history during this pivotal moment for the financial institution.