Nomura Holdings has posted a net income of JPY67.6 billion (US$649.1m) for the second quarter of FY20/21 which ended on 30 September, a 51% decrease year-on-year (YoY), as its retail growth was offset by the loss from asset management and wholesale segments.

The quarterly figure led to a net income of JPY210.2 billion for first half of FY20/21, up eight percent YoY.  Net revenue during the 2Q dropped by 20% quarter-on-quarter (QoQ) (four percent YoY) while non-interest expenses rose by two percent to JPY285.4 billion, or 12% YoY. Retail activity was robust with 2Q pre-tax profit at JPY22.8 billion, up 51% QoQ or 4.3x more that from a year ago. Meanwhile, pre-tax profit from asset management and wholesale was down 20% and 25% to JPY11.4 billio

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