Nomura is still No. 1 in Japanese equity sales.

Buy-side analysts and money managers responsible for $740 billion in Japanese equities voted the Tokyo-based firm into the top spot for the second year in a row — and the seventh time since Institutional Investor’s All-Japan Sales Team debuted in 2012. The respondents included more than 700 investment professionals from nearly 360 firms.

Daiwa Securities Group improved from fourth place to capture second this year, SMBC Nikko Securities maintained third place, and Mizuho Securities took fourth. JPMorgan Chase & Co. had the greatest improvement this year, rising from ninth place to round out the top five equity sales firms.

When votes were weighted by commissions, as opposed to each respondent’s assets under management, Nomura led again, followed by SMBC Nikko Securities in second, and Mizuho Securities in third place. Daiwa and Morgan Stanley MUFG Securities Co. claimed the fourth and fifth spots, respectively.