Nomura announces quarterly profits

by Richard Kilner

Story link: Nomura announces quarterly profits

Nomura Holdings, Inc. has released its financial results for the third quarter of the fiscal year, ending 31 March 2010.

The Japanese financial institution enjoyed a third consecutive quarter of profit, recording pre-tax profits of 18bn yen and net income of 10.2bn yen.

Net revenue for the quarter was 274.5bn yen.

These figures are all lower than the previous quarter which saw pre-tax profits of 27.3bn yen, net income of 27.7bn yen and net revenue of 300bn yen.

President and Chief Executive Officer Kenichi Watanabe pointed out that the firm achieved revenue and net income rises in its retail and wholesale businesses as well as recording a third consecutive quarter in the black.

Watanabe added that the firm had used the quarter to raise additional capital to bolster its position and continued to strengthen its US operations.