Overall revenues were higher, but the net metrics fell yearly and quarterly.
Nomura refers to a volatile market and heightened geopolitical risk.
Nomura, the
global financial services group, has announced its latest financial results for
the fourth quarter and the full fiscal year ended March 2023, showing a decrease
in net revenues in both reported periods.
The yearly
revenue fell 2% year-over-year (YoY) to JPY 1,335.6 billion ($10.1 billion),
while quarterly results were 17% lower and came in at JPY 324.9 billion ($2.4
billion).
Nomura Reports Lower 2022
Metrics
Although
the company's total revenue turned out to be 56% higher YoY, coming in at JPY
2,486.7 billion, net revenue recorded a modest decline. On the other hand, net income attributable
to Nomura Holdings Inc. shareholders fell 35.1% YoY and was ranked at JPY 92.78 billion against JPY 143 billion in 2022.
Kentaro Okuda, Nomura's President and Group CEO, stated: "We
reported net revenue of 1,335.6 billion yen and net income of 92.8 billion yen
for the full year, both representing a year-on-year decline amid volatile markets due to
heightened geopolitical risks, inflation and central bank monetary policy
tightening."
Nomura's retail
sector reported net revenue of JPY 75.3 billion, which is down 7% quarter-over-quarter
(QoQ) and up 7% YoY. Income before taxes ranked at JPY 9.8 billion, growing
89% YoY. In addition, the Investment Management division increased its net revenue YoY
to JPY 37.8 billion, which is up nearly 400%.
Wholesale
was the worst performer, with a net loss reaching JPY 14.2 billion, which underperformed 5% QoQ
and 8% YoY.
Q4 Also Worse for Nomura
According
to Nomura's report, a more substantial depreciation was seen in Q4 results
alone, with net revenue falling 17% QoQ to JPY 324.9 billion ($2.4 billion) and
5% YoY simultaneously.
Before
accounting for income taxes, revenue amounted to 22.7 billion yen (US$171
million), and net income attributed to Nomura Holdings shareholders totaled
7.4 billion yen (US$56 million). The diluted earnings per share for Nomura
Holdings shareholders stood at 2.34 yen.
"As we
navigate the changing market environment, we remain committed to meeting the
diverse needs of our customers and delivering sustainable growth," Okuda
added.
Nomura's Komainu Helps GCEX
to Expand Crypto Custody Offering
GCEX, a
prime brokerage specializing in digital services for foreign exchange (FX) and
crypto, has revealed its latest collaboration with Komainu, a joint venture
involving Nomura and two major digital assets firms. Through this partnership,
GCEX's institutional clients will have access to a wider range of regulated
custodians.
According
to a press release shared with Finance Magnates, the announcement was
made in February. Komainu, which was established in partnership with
CoinShares, a digital asset investment manager, and Ledger, a crypto hardware
technology company, will help GCEX enhance its current offerings and expand its
support for 5,700 tokens running across 34 native blockchains.
Back in
December, Nomura
announced its plans to open a new branch at the Dubai International Financial
Centre (DIFC). A presence in DIFC will allow the expansion of Nomura's
International Wealth Management in the Middle East. Meanwhile, Nomura has
established a new enterprise in Switzerland called Laser Digital Holdings AG,
with a focus on the cryptocurrency sector. Laser Digital aims to specialize in
cryptocurrency venture capital, secondary trading, and investor products.
Nomura, the
global financial services group, has announced its latest financial results for
the fourth quarter and the full fiscal year ended March 2023, showing a decrease
in net revenues in both reported periods.
The yearly
revenue fell 2% year-over-year (YoY) to JPY 1,335.6 billion ($10.1 billion),
while quarterly results were 17% lower and came in at JPY 324.9 billion ($2.4
billion).
Nomura Reports Lower 2022
Metrics
Although
the company's total revenue turned out to be 56% higher YoY, coming in at JPY
2,486.7 billion, net revenue recorded a modest decline. On the other hand, net income attributable
to Nomura Holdings Inc. shareholders fell 35.1% YoY and was ranked at JPY 92.78 billion against JPY 143 billion in 2022.
Kentaro Okuda, Nomura's President and Group CEO, stated: "We
reported net revenue of 1,335.6 billion yen and net income of 92.8 billion yen
for the full year, both representing a year-on-year decline amid volatile markets due to
heightened geopolitical risks, inflation and central bank monetary policy
tightening."
Nomura's retail
sector reported net revenue of JPY 75.3 billion, which is down 7% quarter-over-quarter
(QoQ) and up 7% YoY. Income before taxes ranked at JPY 9.8 billion, growing
89% YoY. In addition, the Investment Management division increased its net revenue YoY
to JPY 37.8 billion, which is up nearly 400%.
Wholesale
was the worst performer, with a net loss reaching JPY 14.2 billion, which underperformed 5% QoQ
and 8% YoY.
Q4 Also Worse for Nomura
According
to Nomura's report, a more substantial depreciation was seen in Q4 results
alone, with net revenue falling 17% QoQ to JPY 324.9 billion ($2.4 billion) and
5% YoY simultaneously.
Before
accounting for income taxes, revenue amounted to 22.7 billion yen (US$171
million), and net income attributed to Nomura Holdings shareholders totaled
7.4 billion yen (US$56 million). The diluted earnings per share for Nomura
Holdings shareholders stood at 2.34 yen.
"As we
navigate the changing market environment, we remain committed to meeting the
diverse needs of our customers and delivering sustainable growth," Okuda
added.
Nomura's Komainu Helps GCEX
to Expand Crypto Custody Offering
GCEX, a
prime brokerage specializing in digital services for foreign exchange (FX) and
crypto, has revealed its latest collaboration with Komainu, a joint venture
involving Nomura and two major digital assets firms. Through this partnership,
GCEX's institutional clients will have access to a wider range of regulated
custodians.
According
to a press release shared with Finance Magnates, the announcement was
made in February. Komainu, which was established in partnership with
CoinShares, a digital asset investment manager, and Ledger, a crypto hardware
technology company, will help GCEX enhance its current offerings and expand its
support for 5,700 tokens running across 34 native blockchains.
Back in
December, Nomura
announced its plans to open a new branch at the Dubai International Financial
Centre (DIFC). A presence in DIFC will allow the expansion of Nomura's
International Wealth Management in the Middle East. Meanwhile, Nomura has
established a new enterprise in Switzerland called Laser Digital Holdings AG,
with a focus on the cryptocurrency sector. Laser Digital aims to specialize in
cryptocurrency venture capital, secondary trading, and investor products.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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