Nomura Holdings Inc. Q4 net profit increased 670% to 56.8 billion yen, driven by fixed-income trading and Japan market recovery.
Nomura Holdings Inc. reported a 670% increase in Q4 net profit to 56.8 billion yen ($364 million) due to soaring fixed-income trading and resurgent markets in Japan, marking the first increase in annual profit under CEO Kentaro Okuda. The firm's retail income reached its highest level in eight years, contributing to Nomura's continued recovery after cutting profit targets in 2021 amid global market uncertainty.
April 26, 2024
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