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Nissan Motor Co., Ltd. ("Nissan"), Honda Motor Co., Ltd. ("Honda"), and Mitsubishi Motors Corporation ("Mitsubishi Motors") have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors’ participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda. Nissan, Honda, and Mitsubishi Motors have reached a basic agreement to proceed with discussions based on the framework established in the MOU signed by Nissan and Honda on August 1 regarding the commencement of a strategic partnership focused on intelligence and electrification. Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions. Following the agreement between Nissan and Honda to start consideration toward a business integration through the establishment of a joint ...

    “Our three core businesses reported strong growth in first half pretax income driven by higher revenues and rigorous cost controls. We are seeing results from our medium to long-term initiatives to grow stable revenues and diversify our revenue sources, reaffirming our current strategic direction,” said Kentaro Okuda, Nomura President and Group CEO. “We delivered our best Wealth Management results in nine years on the back of record high recurring revenue. In Investment Management, pretax income doubled as business revenue reached an all-time high and investment gain/loss improved. Wholesale performance rebounded strongly, reflecting revenue growth in all business lines and regions and disciplined cost controls. “Looking ahead, we will continue to intensify our global strategy leveraging our Japan franchise to consistently achieve ROE of 8 to 10 percent or more.”