Japan Mega Deals Push Nomura to Top of First-Half M&A Ranking

Nomura Holdings Inc. topped the list of mergers and acquisitions advisers in Japan in what was a very strong first half on the back of mega deals like Toyota Industries Corp. and NTT Corp.

The value of Japan’s M&A business reached ¥26.9 trillion ($181 billion), the highest in a half-year period in Bloomberg-compiled data going back to 1998. Nomura brought home nearly 50% of this, garnering ¥13.2 trillion. It was the first time Nomura has taken the M&A top spot since the first half of 2023.

The government and stock exchange have been pushing Japanese companies to improve profitability and ...