Nomura posts rise in income as equities makes an impact

By Lorraine Cushnie
01 Nov 2013

Nomura posted net income of ¥38.1bn ($390m) for the three months ended September 30, about 14 times more than the same period last year, thanks to an impressive showing from the firm’s wholesale business.

The wholesale division recorded net revenues of ¥183.3bn, a 34% rise on the same period a year earlier. The Japanese lender attributed the jump to a series of cost reduction initiatives and stronger revenues from all regions, but mainly driven by its equities business.

The equities business recorded ...

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