Net income at the Japanese bank plunged by 93% to JPY3.2 billion (US$28.1m) in Q2 FY21/22 ended in September despite the rebound of wholesale business.

Nomura has posted a wholesale pre-tax income of JPY25 billion in Q2 from a loss of JPY28.4 billion in the previous quarter as the damage arising from transactions with Archegos Capital Management is no longer present. Net revenue at the wholesale segment increased 30% to JPY172.7 billion quarter-on-quarter (QoQ), or down 22% year-on-year (YoY). The Japanese bank’s wholesale business accounted for 54.2% of the total net revenue, followed by retail and investment management divisions. Per

Continue reading with a subscription to the SRP market intelligence platform.

Request Demo

Already a subscriber? Login