"It's about sentiment," said Hideyasu Ban, a Bloomberg Intelligence analyst, adding the brokerage will need to allay concerns among clients about the former employee's arrest. "Their reputation is at risk."
Okuda has sought to move past these setbacks since he took the top job more than four years ago. Nomura has ridden a wave of deals and trading as Japan's stock and bond markets rebound from years of slumber."
The scandals reinforce Nomura's image as a firm prone to missteps, including data leaks and a multi-billion dollar loss from the collapse of Archegos Capital Management.
Shares of Nomura opened lower in Tokyo trading on Friday, falling as much as 2.7%. The benchmark Topix index slid as much as 1.7%.
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