Nomura Holdings said it had returned to net profit in the fourth quarter as Japan’s largest stock exchange and investment bank recovered from a $ 2.9 billion blow a year ago due to the collapse of the Achegos.
Nomura’s first-quarter net profit stood at 30.96 billion yen ($ 242.08 million), up from a loss of 155.4 billion yen a year ago when it was hit by a major stock market crash. of the client, Archegos Capital Management.
The sale of a stake in Nomura Research also boosted profits, offsetting the εν 23 billion yen’s US transaction charge.
Net profit for the year to March stood at 143 billion yen, compared with an average estimate of 187.38 billion yen.
Revenues from fixed income transactions decreased compared to the previous year.
Pre-tax profits for Nomura’s wholesale stock stood at 37 billion yen in January-March.
Source: Capital
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