Nomura's Half-Year Pretax Profit Surges 118% Propelled by Revenue Diversification

by Jared Kirui
  • The firm reported an increase of 16% in net revenue for the six months ended September 30.
  • Nomura's income before tax reached 104.6 billion yen.
Japan
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Nomura Holdings, Inc. has released its financial results for the second quarter and the six-month period that ended September 30, 2023. The report showed a surge in revenue and an impressive jump in profit.

The Japanese brokerage and investment bank reported a net revenue of 716.7 billion yen for the six months ended September 30. This represents a rise of 16.2% from the same period of last year. Non-interest expenses increased 6.9%, reaching 613.6 billion yen.

Nomura's income before tax soared 118.5% to 104.6 billion yen. According to the company, the diversification of income streams contributed to this remarkable growth.

Nomura's Asset Expansion

Additionally, Nomura's financial position expanded. As of September 30, 2023, its total assets had reached 54,815.3 billion yen. This marked an upturn of 7,043.5 billion yen compared to March 31, 2023. This growth was attributed to an increment in securities purchased under agreements to resell.

Nomura's total liabilities as of the same date amounted to 51,443.0 billion yen, an augmentation of 6,895.4 billion yen compared to March 31. This growth primarily resulted from increased securities sold under agreements to repurchase.

Total equity stood at 3,372.2 billion yen as of September 30. This represented a boost of 148.1 billion yen compared to March 31, 2023. Nomura acknowledged the uncertainties due to economic and market conditions. As a result, the company opted not to present earnings and dividend forecasts at this time.

Nomura Reports Double-Digit Growth in Q2

During the second quarter, Nomura's income before tax climbed 23% from the previous quarter and 80% compared to the second quarter of the previous year, reaching 56.7 billion yen (USD $379 million).

Kentaro Okuda, the President and Group CEO of Nomura, stated: "Three segment pretax income increased 79 percent year-on- year (YoY) to 89.2 billion yen in the first half. In the second quarter, we reported higher net revenue and pretax income across all business segments as our strategic initiatives continued to deliver results."

Net income attributable to Nomura Holdings' shareholders surged 51% quarter-on-quarter (QoQ) and 110% YoY, totaling 35.2 billion yen (US$236 million). The retail division reported net revenue of 98.9 billion yen, marking an increment of 7% QoQ and an escalation of 36% YoY.

In a recent update, Nomura Holdings declared a dividend of 8 yen per share to its shareholders of record as of the end of September 2023. This dividend is scheduled to be paid on December 1, 2023.

Nomura Holdings, Inc. has released its financial results for the second quarter and the six-month period that ended September 30, 2023. The report showed a surge in revenue and an impressive jump in profit.

The Japanese brokerage and investment bank reported a net revenue of 716.7 billion yen for the six months ended September 30. This represents a rise of 16.2% from the same period of last year. Non-interest expenses increased 6.9%, reaching 613.6 billion yen.

Nomura's income before tax soared 118.5% to 104.6 billion yen. According to the company, the diversification of income streams contributed to this remarkable growth.

Nomura's Asset Expansion

Additionally, Nomura's financial position expanded. As of September 30, 2023, its total assets had reached 54,815.3 billion yen. This marked an upturn of 7,043.5 billion yen compared to March 31, 2023. This growth was attributed to an increment in securities purchased under agreements to resell.

Nomura's total liabilities as of the same date amounted to 51,443.0 billion yen, an augmentation of 6,895.4 billion yen compared to March 31. This growth primarily resulted from increased securities sold under agreements to repurchase.

Total equity stood at 3,372.2 billion yen as of September 30. This represented a boost of 148.1 billion yen compared to March 31, 2023. Nomura acknowledged the uncertainties due to economic and market conditions. As a result, the company opted not to present earnings and dividend forecasts at this time.

Nomura Reports Double-Digit Growth in Q2

During the second quarter, Nomura's income before tax climbed 23% from the previous quarter and 80% compared to the second quarter of the previous year, reaching 56.7 billion yen (USD $379 million).

Kentaro Okuda, the President and Group CEO of Nomura, stated: "Three segment pretax income increased 79 percent year-on- year (YoY) to 89.2 billion yen in the first half. In the second quarter, we reported higher net revenue and pretax income across all business segments as our strategic initiatives continued to deliver results."

Net income attributable to Nomura Holdings' shareholders surged 51% quarter-on-quarter (QoQ) and 110% YoY, totaling 35.2 billion yen (US$236 million). The retail division reported net revenue of 98.9 billion yen, marking an increment of 7% QoQ and an escalation of 36% YoY.

In a recent update, Nomura Holdings declared a dividend of 8 yen per share to its shareholders of record as of the end of September 2023. This dividend is scheduled to be paid on December 1, 2023.

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