Nomura tops Japan M&A advisory ranking with $50bn in deals

Total transactions jump to $155bn in 2023, led by Toshiba buyout and Nippon Steel

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Nomura Securities climbed from second place to first in last year's Japan-related M&A advisory ranking. © Reuters

MISAKI MORIKAWA, Nikkei staff writer

TOKYO -- Nomura Securities ranked as the top investment bank in 2023 for mergers and acquisitions involving Japanese companies, in a year when businesses faced mounting pressure to pay more attention to value.

Nomura advised on or underwrote deals worth a total of 8.04 trillion yen ($54.1 billion), based on data from the London Stock Exchange Group. This was 2 trillion yen ahead of runner-up Mitsubishi UFJ Morgan Stanley Securities, which led the 2022 league table. Mizuho Securities, J.P. Morgan Japan and SMBC Nikko Securities rounded out the top five.

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