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.

Our Products

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.

Sectors

Consumer / Retail

 

Industrials

Healthcare

Natural Resources
& Power

Telco / Media /
Technology

Financial Institutions

Real Estate / Gaming /
Lodging / Leisure

Financial Sponsors

Connecting Markets

DCM

The Dai-ichi Life Insurance
USD Denominated Subordinated Bond

$2.0bn

January 2025

M&A

Mitsui OSK Lines’ agreement with Ardian (France), APG (Netherlands) and PGGM (Netherlands) to acquire LBC Tank Terminals (Netherlands)

€1.6bn

March 2025

ECM

Japan Post Bank
Global Follow-on Offering

JPY592bn

March 2025

ECM

KKR (US)
Mandatory Convertible
Preferred Stock

$2.6bn

March 2025

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

M&A / 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 (Canada)’s acquisition of Donte Group (Spain) from Advent International (US) and associated finance deal

€1.0bn / €620m

September 2025

Awards & Recognition

House of the Year

LSEG

DEALWATCH AWARDS 2024
Equity House of the Year

Bank of the Year 2024 Japan

The Banker
Bank of the Year Awards 2024

Most Impressive FIG House
In Non-Core Currencies

GlobalCapital
Global Capital Bond Awards 2024

League Table

Japan M&A

Financial Advisor

Rank Value

($m)

Share

(%)

# Deals

1

Nomura

138,590

48.3

120

2

Morgan Stanley

98,559

34.4

60

3

Goldman Sachs & Co

88,296

30.8

22

4

Sumitomo Mitsui Finl Grp Inc

78,139

27.2

109

5

Plutus Group

61,503

21.4

74

Source: LSEG (2025/1/1 - 2025/9/30)

Japan ECM (Follow-on)

Bookrunner

Deal Value

(JPY m)

Share

(%)

# Issues

1

Nomura

324,521

13.7

17

2

Sumitomo Mitsui Finl Grp Inc

309,387

13.0

18

3

Daiwa Securities Group Inc

289,759

12.2

17

4

JP Morgan

272,848

11.5

4

5

Mizuho Financial Group

257,155

10.8

16

Source: LSEG (2025/1/1 - 2025/9/30)

DCM (All International Yen)

Bookrunner

Deal Value

(JPY m)

Share

(%)

# Issues

1

Nomura

298,441

21.7

38

2

Sumitomo Mitsui Finl Grp Inc

283,283

20.6

37

3

Mizuho Financial Group

254,396

18.5

40

4

Daiwa Securities Group Inc

134,758

9.8

32

5

Morgan Stanley

107,713

7.8

25

Source: LSEG (2025/1/1 - 2025/9/30)