Nomura profits wow as wholesale arm impresses

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By Rashmi Kumar
30 Apr 2014

Japanese bank Nomura Holdings on Wednesday reported its best results in eight years, with a 52% jump in pre-tax profits for the year ending March 31, buoyed by the strong performance of its retail and wholesale arms.

Pre-tax profits rose to ¥361.6bn ($3.5bn), while net income attributable to shareholders rose by 99% to ¥213.6bn — both being the best showing in eight years.

The uptick was largely thanks to the bank’s wholesale division, where profits rose by 56% year on year to ¥111.8bn. Its asset ...

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