Jefferies, SMBC to Launch Japanese Equities Joint Venture in January 2027

• Jefferies will launch a Japanese equities joint venture with SMBC in January 2027, combining its Japanese equity business with SMBC Nikko’s.
• The venture, named SMBC Nikko Jefferies, will pair domestic market access with global distribution, research and trading technology.
• Earnings will reflect its share of the venture’s bottom line, rather than direct revenue consolidation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jefferies Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-040269), on October 20, 2026, and is solely responsible for the information contained therein.