Tokushichi Nomura II

Last updated
Tokushichi Nomura II
NOMURA Tokushichi II.jpg
BornAugust 7, 1878
DiedJanuary 15, 1945(1945-01-15) (aged 66)
Nationality Japanese
Other namesShinnosuke
OccupationFounder of Nomura Group
Organization Nomura Group

Tokushichi Nomura II (野村 徳七 二代, August 7, 1878 – January 15, 1945) was a Japanese businessman and investor. He was the founder of the Nomura Group zaibatsu who formed Nomura Securities in 1925. [1] In 1928, he was appointed to the House of Peers in Japan.


Early life and education

He was born in present-day Yao, Osaka. He was known in childhood as Shinnosuke.

Business career

First fortune

Shinnosuke made his first fortune in 1915, investing in Fukushima Boseki, a textile company that was widely believed to be headed for bankruptcy. Shinnosuke knew better: He was a friend of the firm's founder Yutaro Yasuhiro. One day, after a hefty sell-off of the firm's shares, Shinnosuke moved quickly, pestering the management to show him their books. The firm showed bulging order books, the factory was running at full capacity, and the profits had never been better.

After seeing the books, he went to the floor of the Osaka exchange and began quietly buying Fukushima Boseki's shares at 20 yen. He kept buying until the price rose to 30 yen. A number of traders had sold the stock short and began to panic. Shinnosuke had bought up most of the available shares. Thus the panic began to drive up the price. Nomura sat back and watched the price rise continually from 35, then 40, 45, and 50. By the end of 1915 the shares had risen to 100 yen, quintupling Nomura's investment.


He formed Nomura Securities in 1925. In 1928, he was appointed to the House of Peers in Japan.

Related Research Articles

<span class="mw-page-title-main">Short (finance)</span> Practice of selling securities or other financial instruments that are not currently owned

In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional "long" position, where the investor will profit if the value of the asset rises.

A closed-end fund (CEF) is a fund that raises capital by issuing a fixed number of shares which are not redeemable, and then invest that capital in financial assets such as stocks and bonds. Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can be purchased and sold only in the market, which is the original design of the mutual fund, which predates open-end mutual funds but offers the same actively-managed pooled investments.

In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and derivatives trading process.

Bloomsbury Publishing plc is a British worldwide publishing house of fiction and non-fiction. It is a constituent of the FTSE SmallCap Index. Bloomsbury's head office is located in Bloomsbury, an area of the London Borough of Camden. It has a US publishing office located in New York City, an India publishing office in New Delhi, an Australia sales office in Sydney CBD and other publishing offices in the UK including in Oxford. The company's growth over the past two decades is primarily attributable to the Harry Potter series by J. K. Rowling and, from 2008, to the development of its academic and professional publishing division.

<span class="mw-page-title-main">Panic of 1907</span> Three-week financial crisis in the United States

The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year. The Panic occurred during a time of economic recession, and there were numerous runs on banks and on trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered bankruptcy. The primary causes of the run included a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors, exacerbated by unregulated side bets at bucket shops.

<span class="mw-page-title-main">Tokyo Electric Power Company</span> Japanese electric utility holding company

Tokyo Electric Power Company Holdings, Incorporated, also known as Toden or TEPCO, is a Japanese electric utility holding company servicing Japan's Kantō region, Yamanashi Prefecture, and the eastern portion of Shizuoka Prefecture. This area includes Tokyo. Its headquarters are located in Uchisaiwaicho, Chiyoda, Tokyo, and international branch offices exist in Washington, D.C., and London. It is a founding member of strategic consortiums related to energy innovation and research; such as JINED, INCJ and MAI.

Lehman Brothers Holdings Inc. was a global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.

<span class="mw-page-title-main">Rakuten</span> Japanese e-commerce company

Rakuten Group, Inc. is a Japanese electronic commerce and online retailing company based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around Rakuten Ichiba, its businesses include financial services utilizing financial technology, as well as digital content and communications services such as the messaging app Viber, e-book distributor Kobo, and Japan's fourth mobile carrier Rakuten Mobile. Rakuten has more than 28.000 employees worldwide, operating in 29 countries and regions, and its revenues totaled US $7.2 billion with operating profits of about US$347.9 million as of 2016. Rakuten is the official sponsor of the Spanish football club FC Barcelona as of 2021, and the Golden State Warriors of the NBA, as of 2022. It is often referred to as the "Amazon of Japan".

<span class="mw-page-title-main">Nomura Securities</span>

Nomura Securities Co., Ltd. is a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the Group's core business. Nomura is a financial services group and global investment bank. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. It operates through five business divisions: retail, global markets, investment banking, merchant banking, and asset management.

<span class="mw-page-title-main">Nomura Holdings</span> Japanese financial holding company

Nomura Holdings, Inc. is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses.

<span class="mw-page-title-main">Shanghai Stock Exchange</span> Stock exchange in Shanghai, China

The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's 3rd largest stock market by market capitalization at US$7.62 trillion as of July 2021. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities.

<span class="mw-page-title-main">Kansai Electric Power Company</span> Japanese electric utility company

The Kansai Electric Power Company, Incorporated, also known as Kanden (関電), is an electric utility with its operational area of Kansai region, Japan.

<span class="mw-page-title-main">Japanese asset price bubble</span> Economic bubble in Japan from 1986 to 1991

The Japanese asset price bubble was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion. More specifically, over-confidence and speculation regarding asset and stock prices were closely associated with excessive monetary easing policy at the time. Through the creation of economic policies that cultivated the marketability of assets, eased the access to credit, and encouraged speculation, the Japanese government started a prolonged and exacerbated Japanese asset price bubble.

The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite corporate and government securities, and deal in securities markets; capital markets, which offer the means to finance public and private debt and to sell residual corporate ownership; and money markets, which offer banks a source of liquidity and provide the Bank of Japan with a tool to implement monetary policy.

<span class="mw-page-title-main">Financial crisis</span> Situation in which financial assets suddenly lose a large part of their nominal value

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy.

<span class="mw-page-title-main">Tsunao Okumura</span>

Tsunao Okumura was the president of Nomura Securities between 1948 - 1959. He was seen as the king of Japanese stockbroking in the 1950s.

<span class="mw-page-title-main">Rinku Gate Tower Building</span> Skyscraper located in Japan

The Rinku Gate Tower Building is a 256-metre (840 foot) tall skyscraper located in Rinku Town, Izumisano, Osaka, Japan. The 56-storey building was completed in August 1996 following the design of Nikken Sekkei and Yasui Architects & Engineers. It is currently the third tallest building in Japan after the Abenobashi Terminal Building and the Yokohama Landmark Tower.

<span class="mw-page-title-main">Bankruptcy of Lehman Brothers</span> 2008 bankruptcy of American investment bank

The bankruptcy of Lehman Brothers on September 15, 2008 was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its reorganization. These discussions failed, and Lehman filed a Chapter 11 petition that remains the largest bankruptcy filing in U.S. history, involving more than US$600 billion in assets.

The Olympus scandal was precipitated on 14 October 2011 when British-born Michael Woodford was suddenly ousted as chief executive of international optical equipment manufacturer Olympus Corporation. He had been company president for six months, and two weeks prior had been promoted to chief executive officer, when he exposed "one of the biggest and longest-running loss-hiding arrangements in Japanese corporate history", according to The Wall Street Journal. Tsuyoshi Kikukawa, the board chairman, who had appointed Woodford to these positions, again assumed the title of CEO and president. The incident raised concern about the endurance of tobashi schemes, and the strength of corporate governance in Japan.

<span class="mw-page-title-main">Nakayama Shōzen</span>

Nakayama Shōzen was the second Shinbashira of Tenrikyo. He was the first son of Nakayama Shinnosuke, the first Shinbashira, and the great-grandson of Nakayama Miki, the foundress of Tenrikyo.


  1. The House of Nomura, Al Alletzhauser, Bloomsbury Publishing Limited ( ISBN   0-7475-0662-0)

Further reading