Nomura remains the undisputed leader in Japanese research.

Respondents to Institutional Investor’s All-Japan Research Team survey once again ranked Nomura as the top provider of Japanese equity research. No matter how the leaderboards were compiled – by ranking firms by teams or individual analysts, and by weighting respondent votes by assets under management or commissions – Nomura came out on top.

More than 1,195 portfolio managers and analysts across 459 firms responded to this year’s survey, representing about $900 billion in Japanese equities. Voters chose their favorite analysts and analyst teams in 29 industry sectors and 3 macro disciplines.

This year, cosmetics & personal care was added as a sector, while health & pharmaceuticals was split into two categories: biotechnology & pharmaceuticals and medical technology. The internet sector was also updated to include gaming.