Nomura’s investment banking revenues surged 52% in the three months to September 30 to its best quarter in almost five years, as the bank rode the global takeover boom and enjoyed the home comforts of a buoyant market for Japanese equity issuance.

While third-quarter equity capital markets activity in the rest of the Asia-Pacific region dived by 56% from year-ago levels, according to data provider Dealogic, Japanese ECM volumes over the same period surged by around 70% to $13.6 billion, marking the busiest quarter for issuance since the first three months of 2013.