TOKYO (Reuters), -Nomura Holdings Inc., Japan’s most prominent brokerage and investment bank said on Tuesday it plans to achieve a 90% increase in pretax income over three years. The company also intends to boost digital and advisory services.

Nomura presented guidance for the mid-term, stating that it will aim to have an annual pretax income between 350 billion and 390 billionyen ($2.7 billion or $3.0 billion), respectively, for three of its core divisions during the year ending March 2025.

It was compared to the 205.2 trillion yen posted in March 2022.

Nomura stated that it plans to create an additional digital asset company this year, which will enable institutional investors to trade products tied to cryptocurrency, stablecoins, and non-fungible tokens.

($1 = 128.9100 yen)