Nomura Holdings Logs Record April-Sept. Net Profit
Tokyo, Oct. 30 (Jiji Press)--Japanese brokerage giant Nomura Holdings Inc. <8604> has reported a consolidated net profit of 194,407 million yen for April-September, rewriting its first-half record high.
The bottom line improved from a loss of 6,010 million yen a year before, powered by 73.3 billion yen in one-off profit from the sale of shares in Nomura Research Institute Ltd. <4307>, the holding company said Tuesday.
Another boost came from positive effects of structural reform measures, including the closure and integration of 25 outlets.
In its retail services, Nomura Holdings incurred a decrease in stock commission revenues as investors grew less active on concern about the protracted U.S.-China trade war.
Meanwhile, the wholesale services fared well, led by the strength of the fixed-income division reflecting falls in U.S. interest rates.
[Copyright The Jiji Press, Ltd.]