Nomura showed record-breaking Assets under Management (AuM) numbers.
In addition, the company achieved a record high in retail trading performance.
Tokyo-based
Nomura Holdings, Inc. disclosed today (Tuesday) its robust consolidated
financial results for the first quarter of the fiscal year ending 31 March
2024. Displaying solid quarterly growth, the company cites its strategic
initiatives and revenue diversification progress as key driving factors behind
this performance.
Nomura Net Revenue Jumps
29% YoY
The first
quarter yielded positive results for Nomura Holdings, with net revenue reaching
JPY 348.9 billion ($2.4 billion) and pre-tax income at JPY 46.3 billion (S$320
million). Meanwhile, net income attributable to Nomura shareholders amounted to
JPY 23.3 billion ($161 million), growing 29% year-over-year (YoY).
"First
quarter net revenue was 348.9 billion yen and pre-tax income was 46.3 billion
yen, both representing quarter-on-quarter increases underpinned by positive
results from our strategic initiatives and revenue diversification progress,"
Kentaro Okuda, the President at Nomura, commented.
This is a
significant improvement after full-year 2022 results published in April, when
Nomura reported a 35% decline in net profit. At the time, it cited unfavorable
market volatility and geopolitical risks, which also affected the financial
results of other companies operating in global finance.
The
company's Retail segment reported net revenue of JPY 92.1 billion, a
significant increase both quarter-on-quarter (QoQ) and YoY. This outcome was
largely due to stronger sales across all products and services due to reorganizing
the company's teams. The reorganization also increased recurring revenue
assets, reaching a record high of 20.3 trillion yen.
Simultaneously,
Nomura's Investment Management division experienced an increase in stable
revenues, and significant inflows brought the division's AuM to an impressive
76.1 trillion yen, marking a record high. While the investment gain/loss
worsened due to the valuation markdown related to investment in American
Century Investments (ACI), the asset management business overall showed growth,
thanks to new mandates in Japan and international inflows into ETFs.
However, despite
a slight YoY drop, the Wholesale division witnessed a rebound in performance
compared to the previous quarter. Net revenue rose by 7% QoQ to JPY 190.9
billion, but pre-tax income fell 92% YoY to JPY 2.1 billion. Despite this, the
segment showed growth in Credit globally, and improved performances in Americas
Rates and Japan Equities. In addition, Advisory revenues in EMEA and the
Americas bolstered the segment's revenues.
Summarizing
the company's overall strategic direction, Okuda added, "We remain
committed to meeting the diverse needs of our clients and delivering
sustainable growth."
Nomura's New Hires
Recently,
Nomura announced a series of new additions to their team. This includes Natasha
Uberoi, appointed as the Head of eFX Sales for the Americas. Prior to this, she
spent approximately seven years working with the FX Sales team at EBS
BrokerTec, according to her LinkedIn profile.
Simultaneously,
an experienced forex sales executive, Kevin Gillespie, has assumed a fresh
position at Nomura's digital asset branch, Laser Digital. Nomura inaugurated
Laser Digital in Switzerland in September of the previous year, with the
subsidiary specializing in secondary trading, venture capital, and investor
products.
In a
further development, the leading investment bank and brokerage group enlisted
Nat Tyce, an expert from Barclays, in June to spearhead its trading division in
Europe, the Middle East, and Africa (EMEA). A memo viewed by Financial News
revealed that Tyce would fulfill the Head of Global Markets role for EMEA.
Tokyo-based
Nomura Holdings, Inc. disclosed today (Tuesday) its robust consolidated
financial results for the first quarter of the fiscal year ending 31 March
2024. Displaying solid quarterly growth, the company cites its strategic
initiatives and revenue diversification progress as key driving factors behind
this performance.
Nomura Net Revenue Jumps
29% YoY
The first
quarter yielded positive results for Nomura Holdings, with net revenue reaching
JPY 348.9 billion ($2.4 billion) and pre-tax income at JPY 46.3 billion (S$320
million). Meanwhile, net income attributable to Nomura shareholders amounted to
JPY 23.3 billion ($161 million), growing 29% year-over-year (YoY).
"First
quarter net revenue was 348.9 billion yen and pre-tax income was 46.3 billion
yen, both representing quarter-on-quarter increases underpinned by positive
results from our strategic initiatives and revenue diversification progress,"
Kentaro Okuda, the President at Nomura, commented.
This is a
significant improvement after full-year 2022 results published in April, when
Nomura reported a 35% decline in net profit. At the time, it cited unfavorable
market volatility and geopolitical risks, which also affected the financial
results of other companies operating in global finance.
The
company's Retail segment reported net revenue of JPY 92.1 billion, a
significant increase both quarter-on-quarter (QoQ) and YoY. This outcome was
largely due to stronger sales across all products and services due to reorganizing
the company's teams. The reorganization also increased recurring revenue
assets, reaching a record high of 20.3 trillion yen.
Simultaneously,
Nomura's Investment Management division experienced an increase in stable
revenues, and significant inflows brought the division's AuM to an impressive
76.1 trillion yen, marking a record high. While the investment gain/loss
worsened due to the valuation markdown related to investment in American
Century Investments (ACI), the asset management business overall showed growth,
thanks to new mandates in Japan and international inflows into ETFs.
However, despite
a slight YoY drop, the Wholesale division witnessed a rebound in performance
compared to the previous quarter. Net revenue rose by 7% QoQ to JPY 190.9
billion, but pre-tax income fell 92% YoY to JPY 2.1 billion. Despite this, the
segment showed growth in Credit globally, and improved performances in Americas
Rates and Japan Equities. In addition, Advisory revenues in EMEA and the
Americas bolstered the segment's revenues.
Summarizing
the company's overall strategic direction, Okuda added, "We remain
committed to meeting the diverse needs of our clients and delivering
sustainable growth."
Nomura's New Hires
Recently,
Nomura announced a series of new additions to their team. This includes Natasha
Uberoi, appointed as the Head of eFX Sales for the Americas. Prior to this, she
spent approximately seven years working with the FX Sales team at EBS
BrokerTec, according to her LinkedIn profile.
Simultaneously,
an experienced forex sales executive, Kevin Gillespie, has assumed a fresh
position at Nomura's digital asset branch, Laser Digital. Nomura inaugurated
Laser Digital in Switzerland in September of the previous year, with the
subsidiary specializing in secondary trading, venture capital, and investor
products.
In a
further development, the leading investment bank and brokerage group enlisted
Nat Tyce, an expert from Barclays, in June to spearhead its trading division in
Europe, the Middle East, and Africa (EMEA). A memo viewed by Financial News
revealed that Tyce would fulfill the Head of Global Markets role for EMEA.
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.
Swiss Exchange SIX Partners with Dubai Financial Market for Dual Listings
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#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:
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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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🐦 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!
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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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
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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▶️ 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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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
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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