We provide a variety of advisory and capital-raising solutions to corporations, financial institutions, private equity, governments and public-sector organizations around the world. Collaborating across geographies, industries and products, we provide comprehensive and innovative financing, advisory and risk solutions to our clients.
Mergers & Acquisitions
We act as a financial advisor to identify and facilitate strategic merger and acquisition, sale of business or alliance opportunities for our corporate, financial institutions and sponsor clients. Our dedicated M&A teams in Asia, EMEA and the Americas work across borders and time zones to deliver holistic support to our clients globally.
Capital Raising
In Equity Capital Markets, we originate and execute equity and equity-linked transactions, including IPOs, rights issues, accelerated bookbuilds and convertibles.
Our Debt Capital Markets team helps clients execute local and foreign-currency debt transactions with specialized teams servicing financial institutions, corporates, public sector agencies and sovereigns.
In Acquisition and Leveraged Finance, we arrange financing for leveraged buyouts and corporate acquisitions along with on-going refinancing needs using a variety of debt products.
Solutions
An integral part of Investment Banking, our Solutions teams apply a broad range of Fixed Income solutions, Equity related solutions and Insurance solutions to address the various risks faced by clients.
We are also dedicated to understanding the capital and risk management needs of insurance companies and developing cutting-edge Insurance Solutions to help them respond to these challenges. These include securitization products, structured reinsurance and derivative hedging solutions for complex insurance-specific asset and liability risks.
Consumer / Retail
Industrials
Healthcare
Natural Resources
& Power
Telco / Media /
Technology
Financial Institutions
Real Estate / Gaming /
Lodging / Leisure
Financial Sponsors
DCM
SoftBank Group
Retail bonds
JPY600bn
April 2025
M&A
NTT turning NTT Data Group into wholly owned subsidiary via tender offer
JPY2.4trn
May 2025
M&A / Acquisition & Leveraged Finance
Acquisition of Kereis (France) from Bridgepoint Group (UK) by Advent International (US) and associated financing
Not disclosed / €1.1bn
May 2025
Acquisition & Leveraged Finance
LBO finance in relation to KKR (US) acquisition of OSTTRA Group (UK)
$1.8bn
May 2025
M&A
Privatization of Toyota Industries via tender offer by Toyota Motor and Toyota Fudosan, and share buyback by four related group companies
Total: JPY9.9trn
June 2025
ECM
HDB Financial Services (India)
Initial Public Offering
INR125bn
June 2025
ECM
Chime Financial (US)
Initial Public Offering
$994m
June 2025
DCM
Debt Management Office (UK)
Gilt Bond
£5.5bn
June 2025
DCM
NTT Finance
USD-denominated bonds / EUR-denominated bonds
$11.3bn / €5.5bn
July 2025
ECM
KOKUSAI ELECTRIC
Follow-on Offering (ABB)
JPY90.9bn
July 2025
ECM
Anthem Biosciences
Initial Public Offering
INR34.0bn
July 2025
M&A / Acquisition & Leveraged Finance
Blackstone Group (US)’s tender offer to make TechnoPro Holdings a wholly owned subsidiary and associated finance deal
JPY475.0bn / Not disclosed
August 2025
M&A
NTT Docomo’s offer to take SBI Sumishin Net Bank private (tender offer and share buyback from SBI Holdings)
JPY239.5bn
August 2025
ECM
Orion Breweries
Initial Public Offering
JPY26.9bn
September 2025
ECM
StubHub Holdings (US)
Initial Public Offering
$800m
September 2025
DCM
Republic of Italy
Sovereign debt
€18.0bn
September 2025
DCM
ZENSHO HOLDINGS
Series 1 Bond-Type Class Shares
JPY50bn
September 2025
M&A / Acquisition & Leveraged Finance
Ontario Teachers’ Pension Plan’s (Canada) acquisition of Donte Group (Spain) from Advent International (US) and associated finance deal
€1.0bn / €620m
September 2025
M&A
Sumitomo Corp’s deal to take SCSK private
JPY881.8bn
October 2025
M&A
Gutsche Family Investments and other investors’ sale of a stake in Coca-Cola Beverages South Africa to Coca-Cola HBC (Switzerland)
$3.7bn
October 2025
M&A
Blackstone’s acquisition of a minority stake in Federal Bank (India)
INR 61bn ($706m)
October 2025
M&A
Vauban Infrastructure Partners’ acquisition of Towerlink (France) from Cellnex (Spain)
€391m
October 2025
M&A
Spin-off of Sony Financial Group by Sony Group
JPY1,038.8bn
Completed in October 2025
DCM
SoftBank Group
USD-denominated hybrid bonds / Retail bonds
$2.0bn / JPY500bn
October / November 2025
M&A / Real Estate Advisory
Sapporo Holdings’ sale of Sapporo Real Estate to KKR and PAG
JPY504.7bn
December 2025
M&A
Asahi Group’s acquisition of Diageo Kenya and a stake in UDV (Kenya) from Diageo (UK)
Total: $3.0bn
December 2025
M&A
JFE’s acquisition of a stake in Bhushan Power & Steel (India) from JSW Steel (India)
INR 157bn ($1.8bn)
December 2025
ECM
SBI Shinsei Bank
Initial Public Offering
JPY370.2bn
December 2025
ECM
Toyoda Gosei
Follow-on Offering
JPY115.1bn
December 2025
ECM
Medline (US)
Initial Public Offering
$7.2bn
December 2025
M&A
TCL Electronics (Hong Kong)’s 51% investment in a joint venture succeeding Sony’s Home Entertainment business
¥75.4 bn
January 2026
DCM
European Union
Euro denominated bonds
€11.0bn
January 2026
ALF
LBO loan for Investindustrial’s privatization of TreeHouse Foods (US)
$1.8bn
January 2026
M&A
ITOCHU Corporation’s take-private of ITOCHU-SHOKUHIN
¥78.4 bn
February 2026
DCM
Republic of Poland
Samurai bonds
¥211.6bn
February 2026
DCM
NTT Finance
Euro / Sterling Pound denominated bonds
€2.25bn / £350m
February 2026
DCM
Mitsui Sumitomo Insurance
Euro denominated bonds
€1.4bn
February 2026
ECM
Nippon Steel
Euroyen CB
¥600.0bn
February 2026
M&A
Business integration between Gunma Bank and Daishi Hokuetsu Financial Group
¥859.7 bn
March 2026
M&A
KKR’s take-private of Taiyo Holdings
¥402.9 bn
March 2026
M&A
Carlyle’s acquisition of OMRON’s Device & Module Solutions business
¥81.0 bn
March 2026
M&A
Molson Coors Beverage (U.S.)’s acquisition of Atomic Brands (U.S.)
(undisclosed)
March 2026
ECM
Nintendo
Follow-on Offering
¥227.2bn
March 2026
ECM
Medline (US)
Follow-on Offering
$3.1bn
March 2026
Bank of the Year 2025 Japan
The Banker
Bank of the Year Awards 2025
Most Impressive SSA House for the Japanese Market
Most Impressive FIG House in Yen
Most Impressive FIG House in Australian Dollars
GlobalCapital
Global Capital Bond Awards 2025
House of the Year
DealWatch
DEALWATCH AWARDS 2025
|
Financial Advisor |
Rank Value ($m) |
Share (%) |
# Deals |
|
|
1 |
Nomura |
164,700 |
46.0 |
152 |
|
2 |
Morgan Stanley |
105,186 |
29.4 |
69 |
|
3 |
Sumitomo Mitsui Finl Grp Inc |
99,400 |
27.7 |
145 |
|
4 |
Plutus Group |
71,538 |
20.0 |
103 |
|
5 |
Goldman Sachs |
62,821 |
17.5 |
36 |
Source: LSEG (2025/4/1 - 2026/3/31)
|
Bookrunner |
Deal Value (JPY m) |
Share (%) |
# Issues |
|
|
1 |
Nomura |
10,231 |
19.6 |
51 |
|
2 |
Goldman Sachs |
9,386 |
18.0 |
14 |
|
3 |
Mizuho Financial Group |
7,063 |
13.5 |
54 |
|
4 |
Sumitomo Mitsui Finl Grp Inc |
6,342 |
12.1 |
38 |
|
5 |
Morgan Stanley |
5,470 |
10.5 |
25 |
Source: LSEG (2025/4/1 - 2026/3/31)
|
Bookrunner |
Deal Value (JPY m) |
Share (%) |
# Issues |
|
|
1 |
Daiwa Securities Group Inc |
38,465 |
22.1 |
586 |
|
2 |
Nomura |
33,574 |
19.3 |
575 |
|
3 |
Mizuho Financial Group |
33,462 |
19.3 |
554 |
|
4 |
SMBC Nikko |
32,712 |
18.8 |
558 |
|
5 |
Mitsubishi UFJ Finl Grp Inc |
23,749 |
13.7 |
477 |
Source: Capital EYE* (2025/4/1 - 2026/3/31)
*Total of Corporate Bonds, Investment Corporation Bonds, FILP Bonds and Others, and Municipal Bonds and Others. Aggregated by Nomura