Nomura’s European business swells Q2 profit

30 Oct 2009

Nomura moved a step closer to fulfilling its global ambitions this week as it reported second quarter results with the bulk of profits for the first time contributed by its businesses outside of Japan.

The acquisitions of the European and Asian Lehman businesses, and its organic build up in the US, helped it to take over 70% of its pre-tax income of ¥27.7bn ($305m) from outside its domestic market, while over 50% of its ¥300bn global net revenues came from outside Japan.

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