The third
quarter of the fiscal year ending March 2024 (FY24) saw a notable upturn in Nomura
Holdings’ financials. The company has demonstrated significant growth by
reporting a quarterly increase in net revenue, totaling 400.2 billion yen ($2.8
billion), and a 39% rise in income before taxes from the last quarter, reaching
78.7 billion yen ($558 million),
Despite
these gains, there was a 6% yearly decline in income before taxes, underscoring
the complex dynamics of the current financial market.
The
company’s consolidated net revenue for the third quarter stood at 400.2 billion
yen (S$2.8 billion), marking a 9% increase from the previous quarter and a 2%
rise year-on-year (YoY). This was paralleled by a 39% increase in income before
income taxes compared to the last quarter, amounting to 78.7 billion yen ($558
million). However, this represents a 6% YoY decrease. Despite these
fluctuations, Nomura’s net income attributable to shareholders showed a 43%
quarter-on-quarter increase, reaching 50.5 billion yen (US$358 million).
For the
nine months ending in December, Nomura’s net revenue climbed to 1,116.9 billion
yen (S$7.9 billion), an 11% increase from the previous year. Before taxes,
income surged by 43% to 181.8 billion yen (S$1.3 billion), with net income
attributable to shareholders rising by 28% to 109.1 billion yen (US$774
million).
The results
confirm Nomura’s earlier reports published last year. For the six-month period
ending 30 September 2023, the company’s pretax profit grew by 118%, driven by
revenue diversification. In the second quarter of FY24, Nomura reported record
results regarding assets and retail trading .
Source: Nomura
Strong Performance Across Divisions
The Retail
division reported a net revenue of 102.6 billion yen, a 4% increase
quarter-on-quarter (QoQ) and a significant 27% rise YoY. Income before taxes in
this segment grew by 10% from the previous quarter and an impressive 141% from last
year, amounting to 31.9 billion yen. This surge was attributed to effective
staff realignment and favorable market conditions.
Despite a
quarterly decrease in net revenue by 14% and a YoY drop by 32%, Nomura’s
Investment Management division achieved a record high in assets under
management at 78.5 trillion yen. Ongoing inflows and market factors bolstered
this.
The
Wholesale division exhibited a 6% QoQ and a 15% YoY increase in net revenue,
totaling 217 billion yen. Income before income taxes in this division showed a
substantial rise of 178% from the previous quarter.
We’ve just announced our 3Q 2023-24 #financial results. Here are some key figures from this quarter.
View full announcement here: https://t.co/QfLj9EKn9M pic.twitter.com/3JJhtevK6D— Nomura (@Nomura) January 31, 2024
Strategic Focus and Share
Repurchase Plan
Under the
leadership of Kentaro Okuda, Nomura’s President and Group CEO, the company has
emphasized disciplined cost control and investment in growth potential areas.
The strategic focus on tailoring products and services to meet diverse investor
needs, especially in the Japanese market, has been a key driver of Nomura’s latest
results.
Moreover,
the company has approved a resolution to repurchase up to 100 billion yen of
Nomura Holdings common shares.
Despite
successes, some challenges have arisen, too. The US Securities and Exchange
Commission is investigating B. Riley’s involvement in the acquisition of
Franchise Group Inc). This transaction was managed by a person connected to the
downfall of the Prophecy Asset Management hedge fund and was partly funded by
Nomura Holdings Inc.
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The third
quarter of the fiscal year ending March 2024 (FY24) saw a notable upturn in Nomura
Holdings’ financials. The company has demonstrated significant growth by
reporting a quarterly increase in net revenue, totaling 400.2 billion yen ($2.8
billion), and a 39% rise in income before taxes from the last quarter, reaching
78.7 billion yen ($558 million),
Despite
these gains, there was a 6% yearly decline in income before taxes, underscoring
the complex dynamics of the current financial market.
The
company’s consolidated net revenue for the third quarter stood at 400.2 billion
yen (S$2.8 billion), marking a 9% increase from the previous quarter and a 2%
rise year-on-year (YoY). This was paralleled by a 39% increase in income before
income taxes compared to the last quarter, amounting to 78.7 billion yen ($558
million). However, this represents a 6% YoY decrease. Despite these
fluctuations, Nomura’s net income attributable to shareholders showed a 43%
quarter-on-quarter increase, reaching 50.5 billion yen (US$358 million).
For the
nine months ending in December, Nomura’s net revenue climbed to 1,116.9 billion
yen (S$7.9 billion), an 11% increase from the previous year. Before taxes,
income surged by 43% to 181.8 billion yen (S$1.3 billion), with net income
attributable to shareholders rising by 28% to 109.1 billion yen (US$774
million).
The results
confirm Nomura’s earlier reports published last year. For the six-month period
ending 30 September 2023, the company’s pretax profit grew by 118%, driven by
revenue diversification. In the second quarter of FY24, Nomura reported record
results regarding assets and retail trading .
Source: Nomura
Strong Performance Across Divisions
The Retail
division reported a net revenue of 102.6 billion yen, a 4% increase
quarter-on-quarter (QoQ) and a significant 27% rise YoY. Income before taxes in
this segment grew by 10% from the previous quarter and an impressive 141% from last
year, amounting to 31.9 billion yen. This surge was attributed to effective
staff realignment and favorable market conditions.
Despite a
quarterly decrease in net revenue by 14% and a YoY drop by 32%, Nomura’s
Investment Management division achieved a record high in assets under
management at 78.5 trillion yen. Ongoing inflows and market factors bolstered
this.
The
Wholesale division exhibited a 6% QoQ and a 15% YoY increase in net revenue,
totaling 217 billion yen. Income before income taxes in this division showed a
substantial rise of 178% from the previous quarter.
We’ve just announced our 3Q 2023-24 #financial results. Here are some key figures from this quarter.
View full announcement here: https://t.co/QfLj9EKn9M pic.twitter.com/3JJhtevK6D— Nomura (@Nomura) January 31, 2024
Strategic Focus and Share
Repurchase Plan
Under the
leadership of Kentaro Okuda, Nomura’s President and Group CEO, the company has
emphasized disciplined cost control and investment in growth potential areas.
The strategic focus on tailoring products and services to meet diverse investor
needs, especially in the Japanese market, has been a key driver of Nomura’s latest
results.
Moreover,
the company has approved a resolution to repurchase up to 100 billion yen of
Nomura Holdings common shares.
Despite
successes, some challenges have arisen, too. The US Securities and Exchange
Commission is investigating B. Riley’s involvement in the acquisition of
Franchise Group Inc). This transaction was managed by a person connected to the
downfall of the Prophecy Asset Management hedge fund and was partly funded by
Nomura Holdings Inc.
Participate in Our Fraud Survey: Your Opinion Matters!
We invite you to participate in our joint survey conducted by FXStreet and Finance Magnates Group, which explores prevalent online financial fraud types, platforms used for fraudulent activities, effectiveness of countermeasures, and challenges faced by companies in tackling such fraud. Your valuable insights will help inform future strategies and resource allocation in combating financial fraud.
Social Media Scams: Help Shape the Fight with Your 2024 Survey Participation
