Wealth Management, Investment Management, and Wholesale divisions achieved the highest pretax income since Q1 2007.
Overall, it was the strongest quarterly performance in four and a half years.
Nomura
Holdings Inc. reported its highest quarterly profit in four and a half years,
as Japan's largest brokerage capitalized on robust trading revenues and a surge
in investment banking deals amid favorable market conditions.
Nomura Posts Best
Quarterly Profit Since 2020 on Strong Trading, Banking Gains
The
Tokyo-based financial giant posted a pretax profit of 138.3 billion yen ($879
million) for the fiscal third quarter ended December 31, marking a 76% jump
from the previous year. Net income more than doubled to 101.4 billion yen ($644
million), while revenue climbed 25% to 502 billion yen ($3.2 billion).
Although
key financial indicators showed a slight decline compared to Q2, they
rose significantly from Q1, when net income stood at 68.9 billion yen ($428
million).
The results
reflect Nomura's successful pivot toward more stable revenue streams and
international expansion, with overseas operations contributing approximately
40% of firmwide profits. The company's return on equity reached 11.8%,
exceeding its target range of 8–10%.
Kentaro Okuda, Nomura's President and Group CEO
“We
are seeing the results of our medium to long-term strategy to strengthen our
business portfolio by growing our stable revenues and diversifying our revenue
streams, while effectively controlling costs and capital,” said Kentaro
Okuda, Nomura's President and Group CEO. “This reinforces our confidence
in our current direction.”
Trading and Investment
Banking on the Rise
The
Wholesale division, which houses Nomura's trading and investment banking
operations, recorded its best quarterly performance since 2021, with pretax
income surging 171% year-on-year to 62.4 billion yen ($397 million). Investment
banking revenues hit their highest level since 2017, boosted by advisory
services and financing solutions.
Wealth
Management also continued its winning streak for the seventh consecutive
quarter, with pretax income rising 45% year-on-year to 46.2 billion yen ($294
million), supported by record-high recurring revenue. The Investment Management
division saw assets under management reach new heights, although its quarterly
profit declined 41% from the previous quarter to 18.9 billion yen ($120
million).
For the
nine-month period, Nomura's net income surged 146% to 268.8 billion yen ($1.7
billion), positioning the firm well to achieve its annual pretax income target
of over 500 billion yen ($3.2 billion).
“Looking
ahead, we will continue to intensify our global strategy leveraging our Japan
franchise to consistently achieve ROE of 8 to 10 percent or more and pretax
income of over 500 billion yen,” Okuda concluded.
Nomura Revamps FX Options Unit
Nomura Holdings is restructuring
its foreign exchange (FX) options division following a series of staff
departures from key trading hubs. The Japanese financial institution's decision
signals a shift in its derivatives strategy, according to industry sources.
Over the past year,
approximately eight traders have left the bank's London and New York offices,
many of whom had joined since 2022. Despite this turnover, the FX options
division has generated $60 million in revenue since April, surpassing the
previous fiscal year's $50 million. The unit benefited from trading
opportunities tied to the U.S. elections, with a rally in the dollar index
during Donald Trump’s victory creating favorable market conditions.
Nomura
Holdings Inc. reported its highest quarterly profit in four and a half years,
as Japan's largest brokerage capitalized on robust trading revenues and a surge
in investment banking deals amid favorable market conditions.
Nomura Posts Best
Quarterly Profit Since 2020 on Strong Trading, Banking Gains
The
Tokyo-based financial giant posted a pretax profit of 138.3 billion yen ($879
million) for the fiscal third quarter ended December 31, marking a 76% jump
from the previous year. Net income more than doubled to 101.4 billion yen ($644
million), while revenue climbed 25% to 502 billion yen ($3.2 billion).
Although
key financial indicators showed a slight decline compared to Q2, they
rose significantly from Q1, when net income stood at 68.9 billion yen ($428
million).
The results
reflect Nomura's successful pivot toward more stable revenue streams and
international expansion, with overseas operations contributing approximately
40% of firmwide profits. The company's return on equity reached 11.8%,
exceeding its target range of 8–10%.
Kentaro Okuda, Nomura's President and Group CEO
“We
are seeing the results of our medium to long-term strategy to strengthen our
business portfolio by growing our stable revenues and diversifying our revenue
streams, while effectively controlling costs and capital,” said Kentaro
Okuda, Nomura's President and Group CEO. “This reinforces our confidence
in our current direction.”
Trading and Investment
Banking on the Rise
The
Wholesale division, which houses Nomura's trading and investment banking
operations, recorded its best quarterly performance since 2021, with pretax
income surging 171% year-on-year to 62.4 billion yen ($397 million). Investment
banking revenues hit their highest level since 2017, boosted by advisory
services and financing solutions.
Wealth
Management also continued its winning streak for the seventh consecutive
quarter, with pretax income rising 45% year-on-year to 46.2 billion yen ($294
million), supported by record-high recurring revenue. The Investment Management
division saw assets under management reach new heights, although its quarterly
profit declined 41% from the previous quarter to 18.9 billion yen ($120
million).
For the
nine-month period, Nomura's net income surged 146% to 268.8 billion yen ($1.7
billion), positioning the firm well to achieve its annual pretax income target
of over 500 billion yen ($3.2 billion).
“Looking
ahead, we will continue to intensify our global strategy leveraging our Japan
franchise to consistently achieve ROE of 8 to 10 percent or more and pretax
income of over 500 billion yen,” Okuda concluded.
Nomura Revamps FX Options Unit
Nomura Holdings is restructuring
its foreign exchange (FX) options division following a series of staff
departures from key trading hubs. The Japanese financial institution's decision
signals a shift in its derivatives strategy, according to industry sources.
Over the past year,
approximately eight traders have left the bank's London and New York offices,
many of whom had joined since 2022. Despite this turnover, the FX options
division has generated $60 million in revenue since April, surpassing the
previous fiscal year's $50 million. The unit benefited from trading
opportunities tied to the U.S. elections, with a rally in the dollar index
during Donald Trump’s victory creating favorable market conditions.
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.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
