Nomura Holdings took back the top spot in advising on Japanese mergers and acquisitions in 2025 when deals related to Japan hit a record.
The country’s biggest brokerage won ¥18.6 trillion ($121 billion) of M&A advisory deals last year, leading the pack after slipping to No. 2 in 2024, Bloomberg-compiled data show. Goldman Sachs Group came in second. The total value of M&A transactions in Japan shot up 89% to a record ¥59.5 trillion during the year.
“Both domestic and cross-border deals were numerous, making it an extremely active year,” said Kei Nitta, a senior corporate managing director overseeing global M&A at Nomura Securities. “Listed companies are actively pursuing M&A to enhance corporate value.”