Mizuho Securities and Nomura took top honors in Institutional Investor’s 2019 list of Japan’s Top Corporate Access Providers, an annual ranking of the sell-side firms which best connect institutional investors with Japanese companies and their executives.

According to the buy side — represented by more than 620 investors at 322 firms — this year’s top corporate access provider is Mizuho Securities. But the 60 corporate respondents to II’s annual survey favored Nomura, based on the Tokyo firm’s handling of conferences, logistics, non-deal roadshows, shareholder targeting, and feedback.

The ranking of Japan’s top corporate access providers changes again when the buy side’s votes are weighted by commissions, giving more weight to the opinions of the sell-side’s highest paying clients. In this commission-based ranking, Nomura takes first, while Mizuho ranks second.

Investors ranked their favorite corporate access providers across 26 industry sectors, plus the large-cap and small- and mid-cap categories. They were asked to rate providers based on their conferences, logistics, one-on-one meetings, and reverse road shows.