Nomura Releases 2018 Financial Results: Revenue Up, Income Down

[kreslik.news]

Japan’s biggest investment banking and brokerage group, Nomura Holdings, Inc, has announced its financial results for the fourth quarter, as well as total results for the year ending March 2018. Despite growth in revenues, the company has seen a decrease in net income due to a variety of factors.

The Japanese company’s fourth quarter saw net revenue of 378.0 billion yen ($3.46 billion), a seven percent decrease from last quarter’s 406.6 billion yen ($3.72 billion), but an increase of eight percent year on year on year. This left the firm with 46.9 billion yen ($429 million) in pre-income tax income, ... (read more)