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 zaibatsu who formed
Nomura Securities
is a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the Group's core business. Nomura is a financial services group and global investment bank. Bas ...
in 1925.
[The House of Nomura, ''Al Alletzhauser'', Bloomsbury Publishing Limited ()] In 1928, he was appointed to the
House of Peers in
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
.
Early life and education
He was born in present-day
Yao,
Osaka. He was known in childhood as ''Shinnosuke''.
Business career
First fortune
Shinnosuke made his first fortune in 1915, investing in
Fukushima Boseki
may refer to:
Japan
* Fukushima Prefecture, Japanese prefecture
** Fukushima, Fukushima, capital city of Fukushima Prefecture, Japan
***Fukushima University, national university in Japan
***Fukushima Station (Fukushima) in Fukushima, Fukushim ...
, 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
, renamed from , is the largest derivatives exchange in Japan, in terms of amount of business handled.
, the Osaka Securities Exchange had 477 listed companies with a combined market capitalization of $212 billion. The Nikkei 225 Futures, intro ...
and began quietly buying Fukushima Boseki's shares at 20 yen. He kept buying until the price rose to 30
yen. 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
is a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the Group's core business. Nomura is a financial services group and global investment bank. Bas ...
in 1925. In 1928, he was appointed to the
House of Peers in
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
.
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