He had earlier established Osaka Nomura bank in 1918, based on the Mitsui zaibatsu model with a capital of ¥10 million.

[8] Due to large losses with shares dropping to their lowest level in nearly 37 years, Nomura cut around 5 percent of its staff in Europe (as many as 500 people) in mid-September 2011.

[9] In December 2019, Nomura announced that it would acquire Greentech Capital Advisors, a boutique investment bank with stated aims of assisting clients across sustainable technology and infrastructure.

[18] This was just before the Meiji Restoration, the move to setting up a bank was a logical extension and progression of this business as times changed.

Key amongst these changes was the Japanese government's decision to issue foreign currency denominated public bonds to fund the Russo-Japanese War; Nomura employed English speaking staff so that they could take on this international business.

By 1906 Nomura had founded an in-house research department headed up by former Osaka newspaper journalist Kisaku Hashimoto.

Research combined with a substantial newspaper advertising campaign helped raise the profile of Nomura.