Nomura Shares Reach Key Milestone as Price-to-Book Ratio Surpasses 1 for First Time Since 2016.

Nomura Holdings Inc.'s shares rose 1.1% to 1,189.5 yen, surpassing the key metric of 1 for the first time since 2016. The Tokyo Stock Exchange has been pushing for companies to improve their shareholder value. Nomura's annualized return on equity of 10.6% helped it achieve this target. The stock has climbed about 77% since its April low, with gains picking up pace in November following better-than-expected profit.