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Nomura cuts its earnings by 96.5% in the first quarter of its fiscal year

MADRID, 3 Ago.

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Nomura cuts its earnings by 96.5% in the first quarter of its fiscal year


Nomura Holdings, Japan's largest brokerage firm, posted an attributable net profit of 1,696 million yen (12.6 million euros) in the first quarter of its fiscal year (April to June), 96.5% down below the result recorded a year earlier by the entity.

Nomura's accounts reflect the impact of the bear market and interest rates on the investment management business, which took an adverse impact of 18.5 billion yen (137 million euros) related to its investee American Century Investments, as well as an unrealized loss in companies owned by Nomura Capital Partners of 4,700 million yen (35 million euros).

In this way, Nomura's net turnover between April and June 2022 reached 299,028 million yen (2,223 million euros), 15.4% below the income recorded a year earlier.

"Although the group's overall performance was affected by an unrealized loss in equity holdings amid interest rate and market volatility, we saw positive results from our strategic initiatives and progress from revenue diversification across our core businesses," said Nomura President and CEO Kentaro Okuda.

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