Nomura Group has published the Nomura Report 2026, an integrated version of the company’s Annual Report and Citizenship Report. The report looks back on our 100-year history and introduces our management strategy, business activities, and sustainability initiatives.
In this article, we highlight three initiatives featured in the report: a dialogue between the leaders of Nomura Asset Management and Nomura Asset Management International; Orion Breweries’ “Second Founding” project in Okinawa; and the establishment of the Nomura Well-Growing Institute (WGI).
In December 2025, Nomura completed the acquisition of Macquarie Group’s U.S. and European public asset management business. Building on our strong business franchise in Japan, we aim to further expand our global investment capabilities, distribution networks, and client base. Our goal is to become a truly global asset management platform with a strong presence worldwide.
Shoichi Ohkoshi, CEO of Nomura Asset Management, and Shawn Lytle, CEO of Nomura Asset Management International, have a conversation on the initiative in this year’s report.
After gaining experience in both sell-side and buy-side businesses at J.P. Morgan Securities, Ohkoshi became president of J.P. Morgan Asset Management Japan in 2015. As Vice Chairman of the Japan Investment Advisers Association, he also contributed to the development of Japan’s asset management industry. In April 2026, he was appointed CEO of Nomura Asset Management, becoming the first person outside Nomura Group to lead the company.
Shawn Lytle has more than 30 years of experience at global asset management firms based in the United States, Europe, and Australia, including broad expertise in product development and investment management. At Macquarie, he served as President of Macquarie Funds and Head of Macquarie Group Americas. He was appointed CEO of Nomura Asset Management International in December 2025.
During their dialogue, the two executives discuss changes in the asset management industry, growth strategies for their respective companies, and Nomura’s vision of becoming a global asset management platform.
The two leaders, whose careers span different regions, share their perspectives on how Nomura will deliver value to clients worldwide as it evolves from “a Japanese asset manager on the global stage” into “a global asset management company with roots in Japan.”
Feature 1: Nomura’s Value Proposition in Global Financial and Capital Markets (pp. 36–41)
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- Reproduced from the prospectus for the secondary offering of shares of Orion Breweries filed in August 2025.
In Nomura Report 2026, we highlight Nomura’s efforts to support corporate growth amid Japan’s ongoing corporate governance reforms. One notable example is the “second founding” project by Okinawa-based Orion Breweries.
In 2019, Nomura Capital Partners invested in Orion Breweries in Okinawa. Since then, Nomura has worked with Orion Breweries’ management team to develop a growth strategy and pursue initiatives including new product development, expansion beyond Okinawa and into overseas markets, online sales, and enhancement of the company’s brand value. In September 2025, Orion Breweries became the first manufacturing company in Okinawa to list on Tokyo Stock Exchange’s Prime Market.
In addition to Nomura Capital Partners, multiple divisions across Nomura Group—including Investment Banking, Global Markets, and Wealth Management—have worked with Orion Breweries to enhance its corporate value. These efforts ultimately helped connect the company with investors and the local community through its stock market listing.
Learn more about Nomura’s role in supporting companies as they pursue new challenges through the example of Orion Breweries.
Feature 2: Leading the Realization of Japan as an Asset Management Center (pp. 42–50)
Nomura Group approaches sustainability initiatives from three perspectives: “A thriving planet,” “A society where people can take on challenges and grow,” and “A resilient platform that powers markets and clients.” One highlight from the Nomura Report is the Nomura Well-Growing Institute (WGI), established in April 2026.
Created to mark Nomura’s centenary, “well-growing” is a new concept that encourages people to continue to take on challenges and grow. WGI was established to put this philosophy into action across Nomura and in the wider society.
WGI seeks to help address social issues through financial and economic education, donations and social impact activities, investment in startups, comprehensive partnerships with regional financial institutions, and support for inheritance and business succession.
Within the Group, WGI also works to create a workplace environment where diverse talent can perform at their best. It also promotes health and productivity management, a strategic approach to managing employees’ health.
By creating value for society, we help our employees and organization grow. We then use that growth to make an even greater contribution to society. Learn how WGI is working to create a continuous cycle of challenge and growth.
Feature 3: Building a Sustainable Society in Collaboration with Stakeholders (pp. 51–56)
The three initiatives featured here show how Nomura Group creates value by connecting people, companies, investors, and communities through the financial and capital markets.
Expanding our asset management business globally
Supporting corporate growth
Encouraging people to take on challenges and grow
At the core of each initiative is the idea that Nomura should do more than connect those who provide capital with those who need it. We also connect information, regions, companies, technologies, and different generations to create lasting value.
These activities show how Nomura’s business and activities reflect our Purpose—“We aspire to create a better world by harnessing the power of financial markets”.
The initiatives featured here are just a few of the highlights from the Nomura Report 2026. The report also covers Nomura’s 2030 management strategy, services that support asset building, AI and digital strategies, human capital initiatives, governance, risk management, and more.
If you would like to learn more about Nomura or explore topics such as asset management, corporate growth, global business, and sustainability, we encourage you to read this report.
Click the image above to read “Management Message and Strategies”
Click the image above to read “Strategy for Value Creation”
Click the image above to read “People at the Heart of Nomura”
For more information on Nomura’s sustainability policies, governance, and initiatives, please see the Nomura Group Sustainability Report 2026.
Click above to read Nomura Group Sustainability Report 2026
