Nomura Trust Bank

Wiki route

This entry sits under trust-banks INDEX. Read it with banking index for adjacent context, Nomura HD for parent group context, SMTB / MUTB for peer trust-bank comparison, and Financial License INDEX for the broader regulatory boundary.

1. Corporate Entity and License Boundary ^[金融庁「信託兼営金融機関認可一覧」（2026-06-17 時点）: https://www.fsa.go.jp/menkyo/menkyoj/kenei.pdf; 野村信託銀行「会社概要」（2026-05-13 時点）: https://www.nomura-trust.co.jp/company/corp.html

2. Parent Company Nomura HD Structure

Nomura Holdings (Tokyo Stock Exchange PRIME 8604  / NYSE: NMR)
  ├── Nomura Securities (100%) — Core securities subsidiary, largest domestic player
  ├── Nomura Trust Bank (100%) — Banking license and trust function arm ← This page
  ├── Nomura Asset Management (100%) — Largest-class domestic AM
  ├── Nomura International (Hong Kong / London / NY) — Overseas securities
  ├── Nomura Babcock & Brown — Real estate and infrastructure investment
  └── Other financial subsidiaries

Nomura Trust Bank is positioned to provide deposit, lending, trust, and settlement functions to a securities-centered group. While Nomura HD maintains a securities and AM-centered business portfolio, Nomura Trust Bank serves as a vehicle for in-house development of banking licenses necessary for comprehensive Wealth Management (high-net-worth client business) proposals.

4. Principal Business — Trust Functions Accompanying Securities Group

• Retail Business — Deposits, housing loans, individual loans (complementary services for Nomura Securities customers) ^•
• Banking Business — Settlement, foreign exchange, foreign exchange risk management ^•
• Wealth Management Business — Will trusts, inheritance-related trusts, inheritance consultation ^•
• Securities and Asset Management Business — Wrap trusts (fund wraps), SMA (discretionary investment management), pension trusts ^•
• Corporate Services — Employee stock incentive trusts (ESOP / J-ESOP), stock compensation trusts ^•
• Asset Securitization Trusts — Trust undertaking of real estate and monetary receivables ^•
• Bank Agency Model — Utilizing Nomura Securities as a bank agent and trust contract agent to sell banking and trust products through securities channels ^•

5. Important Chronology ^[野村信託銀行「会社概要」「仕事を知る」: https://www.nomura-trust.co.jp/company/corp.html; https://www.nomura-trust.co.jp/recruit/graduate/business/

6. Peer Comparison — Corporate Boundary and Principal Functions ^[各社公式会社情報: https://www.smtb.jp/corporate/summary/; https://www.tr.mufg.jp/ippan/about/index.html; https://www.mizuho-tb.co.jp/company/about/info.html; https://www.nomura-trust.co.jp/company/business.html; https://www.bank-daiwa.co.jp/about/outline/; https://www.shinseitrust.com/corporate/about.html

While Nomura Trust falls short of the 3 large trusts in scale, it ranks as a unique category among securities group-affiliated trusts alongside Daiwa Next Bank. In contrast to SMTB / MUTB / MTBJ, which have substantial offerings in corporate custody and pension services for institutional investors, Nomura Trust pursues market segmentation through ancillary services for individual high-net-worth clients and Nomura Securities customers.

7. Supervision and Regulation

• Supervisory Authority: Financial Services Agency (FSA), Kanto Financial Bureau
• Business Category: Trust bank (Banking Law + Trust Business Law)
• Industry Associations: Trust Association, Japanese Bankers Association
• NRA Stress Test: Subject to FRB Stress Test on a Nomura HD consolidated basis (US corporation)
• Trust Industry Regulation: Trust Business Law, trust contract agent regulation, business scope regulation
• Consolidated Supervision: Under consolidated Basel III regulation by virtue of Nomura HD’s G-SIB designation

8. Counterpoints

Subjective competitive assessments and points are separated into .opinions/JapanFG/nomura-trust-bank.md.

9. Open questions

• Precise verification of Nomura Trust Bank’s latest standalone financial indicators (deposits / loans / operating profit) (via trust bank standalone disclosure / Nomura HD segment disclosure)
• Depth of integration of securities and trust in Wealth Management strategy; countermeasures against competitors (SMBC Nikko + SMTB collaboration, Daiwa + Daiwa Next collaboration)
• Status of acquiring overseas institutional investors in custody business (relationship with major custody specialists such as MTBJ-master / JTSB)
• Degree of spillover of US market risk volatility to trust subsidiary revenue
• Possibility of entry into cryptocurrency trusts / tokenized asset trusts (SBI Shinsei Trust leads the way)

Related

• nomura-hd — Parent company, securities-centered financial group
• nomura-securities — Core securities subsidiary
• nomura-asset-management — Group AM
• sumitomo-mitsui-trust — Largest domestic independent trust
• mitsubishi-ufj-trust-bank — MUFG-affiliated trust
• mizuho-trust-banking — Mizuho-affiliated trust
• daiwa-next-bank — Daiwa Securities-affiliated bank (peer structure)
• sbi-shinsei-trust-bank — Startup / cryptocurrency trust peer
• INDEX
• post-megabank-positioning

Sources

• FSA, “List of Financial Institutions Approved for Trust Operations”, kenei.pdf, as of 2026-06-17.
• Nomura Trust Bank, “Company Overview”, https://www.nomura-trust.co.jp/company/corp.html (Head Office: Tokyo, Chiyoda Ward, Otemachi 2-chome 2-2号 Urbannet Otemachi Building 19F · Established 1993-08-24 · Capital 575 億円)
• Nomura Trust Bank, “Business Operations”, https://www.nomura-trust.co.jp/company/business.html
• Nomura Trust Bank 2025年3月 Fiscal Period Earnings Summary (2025-05-13, Deposits 1兆3,573億円 / Total Assets 2兆754億円 / Net Income 60億円 · Standalone: https://www.nomura-trust.co.jp/ir/pdf/2503.pdf)
• Nomura Trust Bank 2026年3月 Fiscal Period Earnings Summary (2026-05-13, Operating Revenue 503 億円 / Operating Profit 74 億円 / Net Income 48 億円 · Standalone): https://www.nomura-trust.co.jp/ir/pdf/2603.pdf
• Nomura Holdings Securities Report / Form 20-F (Annual Consolidated Disclosure)
• Wikipedia: Nomura Trust Bank (Public information)

---

[!info] Verification Status confidence: likely (v1.1 public sources basis, 2026-05-25 expanded). Nomura HD 100% subsidiary, trust bank category, and business operations can be confirmed on a public basis. Year of establishment (1993年 assumed), headquarters location, and detailed KPI figures should be regularly confirmed through official corporate information / Nomura HD Securities Report segment disclosure ^•.