Nomura Holdings, Inc. released its financial results for Q3 FY 2017/2018, and the numbers indicate improvements across the board. Net revenue during the quarter was 406.6 billion yen ($3.6 billion), posting an increase of 16% from Q2 results of roughly 351.5 billion yen. The figures also show a rise of 10% relative to Q3 of last year, when net revenue was 368.6 billion yen.
Illustrating a similar positive trend, income before income taxes reached 120.8 billion yen, an increase of 45% from Q2 figures of 83.0 billion yen, and just under 26% YoY, climbing from 95.9 billion yen. Net income for Q3 ending December 31, 2017 was reported at 88.0 billion yen, an increase of 70.0% QoQ, and 25.0% YoY.
The Japanese financial giant similarly posted positive data for the nine months ending December 31, 2017. Net revenue for the first 3 quarters of the current fiscal year has reached 1.12 trillion yen (roughly $9.9 billion), improving by 6% YoY. Moreover, net income attributable to Nomura Holdings shareholders posted a YoY rise of 10%, to reach 196.7 billion yen (approximately $1.7 billion).
Japanese market in decline
Koji Nagai, Nomura’s Chief Executive Officer, commented on the quarterly data release: “Pretax income from our three core businesses increased quarter on quarter, supported by the global market rally. Non-business segment income helped push Group pretax income higher on both a quarter-on-quarter and year-on-year basis.”
Nomura’s Q3 results are clearly illustrating the company’s dynamic efforts to maintain its profitability agenda, despite recent trends in Japan that show the FX market taking a step back due to increased demand for cryptocurrencies. In an interview with Reuters in late December, Nagai discussed the company’s , as it attempts to increase its market share in the region and across the globe.
Nomura continue to demonstrate versatility, despite various challenges facing the industry. These challenges caused a small during Q2, but the Q3 data shows that it has successfully overcome some of these hurdles to post far better figures.
Japan’s largest investment bank is a pillar of stability among the country’s financial institutions. Over the past year, Nomura has led a . The moves can be linked to the company’s attempts to gain greater traction in the US market, which is responsible for producing more than 50% of total investment bank fee revenues across the globe.
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