Japan’s Nomura posts ¥145.6B net income for Q1, up 39% year-on-year, driven by wholesale and investment management gains.
Nomura Holdings reported a 39% year-on-year increase in first-quarter net income to ¥145.6 billion, beating expectations. Revenue rose 31% to ¥686.7 billion, while pretax income climbed 32% to ¥211.5 billion.
The results were fueled by record performance in wholesale and investment management, with assets under management hitting ¥156 trillion. Return on equity reached 15.4%, up from the prior year’s 11.8%.
Shares of Nomura remained stable following the release, reflecting investor confidence in the firm’s growth trajectory.