was a Japanese businessman and investor. He was the
founder
Founder or Founders may refer to:
Places
*Founders Park, a stadium in South Carolina, formerly known as Carolina Stadium
* Founders Park, a waterside park in Islamorada, Florida
Arts, entertainment, and media
* Founders (''Star Trek''), the ali ...
of the
Nomura Group
is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, instituti ...
zaibatsu
is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period unt ...
who formed
Nomura Securities in 1925.
[The House of Nomura, ''Al Alletzhauser'', Bloomsbury Publishing Limited ()] In 1928, he was appointed to the
House of Peers in
Japan.
Early life and education
He was born in present-day
Yao,
Osaka
is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of ...
. He was known in childhood as ''Shinnosuke''.
Business career
First fortune
Shinnosuke made his first fortune in 1915, investing in
Fukushima Boseki, a textile company that was widely believed to be headed for bankruptcy. Shinnosuke knew better: He was a friend of the firm's founder
Yutaro Yasuhiro. One day, after a hefty sell-off of the firm's shares, Shinnosuke moved quickly, pestering the management to show him their books. The firm showed bulging order books, the factory was running at full capacity, and the profits had never been better.
After seeing the books, he went to the floor of the
Osaka exchange and began quietly buying Fukushima Boseki's shares at 20 yen. He kept buying until the price rose to 30
yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the e ...
. A number of traders had sold the stock short and began to panic. Shinnosuke had bought up most of the available shares. Thus the panic began to drive up the price. Nomura sat back and watched the price rise continually from 35, then 40, 45, and 50. By the end of 1915 the shares had risen to 100 yen, quintupling Nomura's investment.
Nomura
He formed
Nomura Securities in 1925. In 1928, he was appointed to the
House of Peers in
Japan.
References
Further reading
* The House of Nomura, ''Al Alletzhauser'', Bloomsbury Publishing Limited ()
{{DEFAULTSORT:Nomura, Tokushichi II
1878 births
1945 deaths
Japanese art collectors
Japanese chief executives
Japanese investors
Members of the House of Peers (Japan)
Nomura Holdings
People from Yao, Osaka