Net profit fell 26 per cent from a year earlier to ¥61.3bn (£355m), Nomura said in a statement yesterday. That still beat the ¥41bn expected by analysts, thanks to a strong showing in its fixed income and investment banking division.
Chief financial officer
However, pre-tax profit at its retail division fell 59 per cent. The drop was also brought about by a big fall in sales of stock investment trusts as Nomura cut back on marketing new funds.
Even with the quarterly decline, profit for the fiscal year to 31 March doubled to ¥213.6bn, the highest since 2006.
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