Nomura’s first-quarter profit jumps 39%, boosted by markets
FILE PHOTO: Nomura Asset Management Co., Ltd.’s logo at the company’s office in Tokyo, Japan June 23, 2026. Picture taken with a mobile phone. REUTERS/Miho Uranaka/File Photo
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TOKYO, July 29 : Nomura Holdings booked a 39 per cent rise in net income in the first quarter as its trading business benefitted from volatile markets and record high stock prices boosted wealth management fees, it said on Friday.
Net income at Japan’s largest investment bank and brokerage rose to 145.6 billion yen ($890.74 million) in the April-June period, compared with 104.6 billion over the same period a year ago.
Nomura follows major U.S. banks in posting strong trading profits as war in the Middle East has disrupted global energy flows and supply chains while investor excitement over AI pushed the Nikkei 225 share average to a record high in June.
Revenue in the global markets division grew 43 per cent compared to the first quarter of the previous year.
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Nomura has also proven to be a key beneficiary of Japan’s slow emergence from deflation, which has structurally raised demand for financing, mergers and acquisitions and growth initiatives among Japanese companies.
Investment banking revenue reached 50.4 billion yen in the quarter, a record for the first quarter.
And as inflation eats into savings, Japanese retail investors have sought out higher yielding assets, lifting Nomura’s wealth management business, which holds the dominant position among high net worth individuals in Japan.
The segment booked record recurring revenue over the quarter.
($1 = 163.4600 yen)
Source: Reuters
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