Japan's Top Corporate Access Providers
Nomura has defended its title as the No. 1 corporate access provider in Japan.
For the third year in a row, the bank leads Institutional Investor’s ranking of Japan’s Top Corporate Access Providers, based on feedback from 184 investors at 132 firms. Respondents were asked to consider five attributes — conferences, logistics, field trips, team quality, roadshows, and virtual events — and Nomura came first in three out of five. Meanwhile, runner-up Daiwa Securities Group was recognized for field trips and roadshows.
The service of connecting investors and corporates to build relationships and provide opportunities has never been more important, especially as the Covid-19 pandemic and its restrictions put much of the industry into a virtual environment over the past three years. But even with the proliferation of online choices, the foundations of corporate access remain unchanged, according to the country’s top teams.
To select the members for Institutional Investor’s 2023 Japan’s Top Corporate Access Providers, we invited participants in the 2023 All-Japan Research Team and 2023 All-Japan Executive Team Surveys to provide feedback on the firms that provided the best corporate access based on specified attributes.
From the 2023 All-Japan Research Team survey, representing the buy-side point of view, we received responses from 184 investors at 132 firms. This group rated sell-side firms on a scale from 1 to 5 on the overall corporate access for these attributes: Conferences; Logistics; Field Trips; Team Quality; Roadshows; and Virtual Events. Each attribute score was based on the rating given to the firm.
Each vote was weighted by the voting firm’s Japan commission range and the rating awarded to create the rankings. Additionally, a second result was created using the assets under management, rather than commissions, as the weighting.
From the 2023 All-Japan Executive Team survey, representing the corporate point of view, 85 corporates ranked their top sell-side firms on the following attributes: Investor feedback; Investor introductions or ad hoc requests; Non-deal roadshows; Reverse roadshows or site visits; and Virtual conferences. Each attribute score was based on the rating given to the firm.
The Top 10 Corporate Access Leaders, based on the corporate response, was calculated by adding together a firm’s attribute scores to produce a table of the top ten firms.
The names of those surveyed are kept confidential to ensure their continuing cooperation. Voters are required to meet eligibility requirements, and all ballots are subject to review by II’s Research Operations Group. Results are also subject to inspection by an independent auditor.