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Nomura's Q1 profit rises 21% on strong retail business

This is the biggest jump in profit at its retail division since 2013

Reuters  |  Tokyo 

Nomura Holdings'  first-quarter net profit rose 21 per cent, as the biggest jump in profit at its domestic-oriented retail division since 2013 offset a decline in investment banking mandates and a drop in global bond and stock trading. Japan's biggest brokerage and investment banking group said in a statement on Friday its April-June net profit rose to 56.9 billion yen ($512.75 million) from 46.8 billion a year earlier. Pretax profit at the retail division was 24.9 billion yen for the quarter, up 187 per cent from a year earlier, buoyed by investor sentiment and ...

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First Published: Fri, July 28 2017. 14:27 IST