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Monday 23rd of August 2010

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August 2, 2010

Nomura sees quarterly profits decline

by Richard Kilner

Story link: Nomura sees quarterly profits decline

Nomura Holdings, Inc. has reported its consolidated financial results for the first quarter of the firm’s financial year.

Nomura made pre-tax income of 6.5bn yen, and net income attributable to shareholders of 2.3bn yen.

Both pre-tax and net income were substantially down on the income achieved in the same quarter in 2009, when pre-tax income was 31.4bn yen, with net income 11.4bn yen.

The firm’s profits were also down compared to the preceding quarter, when pre-tax income stood at 28.6bn yen and net income was 18.4bn yen.

Net revenue in the quarter was recorded at 259.8bn yen, substantially exceeding revenue in the corresponding quarter last year (198.4bn yen).

Nomura has total assets of 33.9 trillion yen, and a Tier 1 ratio of 16.9%.

President and Chief Executive Officer Kenichi Watanabe has stated that the bank retained profitability despite difficult operating conditions.

 

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