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Japan's Nomura says CEO paid $3.3 million last year
June 25, 2010 / 4:56 AM / in 7 years

Japan's Nomura says CEO paid $3.3 million last year

TOKYO, June 25 (Reuters) - Nomura Holdings Inc (8604.T) said chief executive Kenichi Watanabe was paid 299 million yen ($3.34 million) in the last financial year after Japan’s largest brokerage returned to profit for the first time in three years.

It was the first time Nomura disclosed individual compensation, following a new rule from this year requiring Japanese companies to reveal what they pay executives if this tops 100 million yen.

Watanabe’s pay includes 35 million yen worth of stock options, a Nomura spokesman said, confirming information disclosed at its annual shareholders’ meeting on Friday.

Chief Operating Officer Takumi Shibata, a key player in Nomura’s acquisition of the European and Asian operations of Lehman Brothers in 2008, was paid 252 million yen, including 30 million yen in stock options.

Chairman Junichi Ujiie received 194 million yen, of which 34 million yen was in the form of stock options.

Nomura reported a net profit of 67.8 billion yen for the past year ended in March, a sharp improvement from a record 708 billion yen loss in the year to March 2009 when it was hit by the financial crisis and costs stemming from the Lehman acquisition. (Reporting by Emi Emoto)

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