Nomura Posts $2.2 Billion Net Revenue During Q2 FY23

Net revenue in the second quarter was 318.0 billion yen (US$2.2 billion), up 6 percent quarter on quarter and down 0.3 percent year on year. Income before income taxes jumped 2.7 times from last quarter and increased 70 percent compared to the second quarter last year to 31.5 billion yen (US$218 million). Net income attributable to Nomura Holdings shareholders was 16.8 billion yen (US$116 million), up 9.9 times quarter on quarter and 5.2 times year on year.

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For the six months to September, Nomura reported net revenue of 617.0 billion yen (US$4.3 billion), down 8 percent from the same period last year. Income before income taxes decreased 55 percent to 43.2 billion yen (US$299 million), and net income attributable to Nomura Holdings shareholders was 18.5 billion yen (US$128 million), down 64 percent.

Retail reported net revenue of 72.5 billion yen, increasing 2 percent quarter on quarter and down 15 percent from the same period last year. Income before income taxes was 5.5 billion yen, up 12 percent quarter on quarter and down 68 percent year on year.

Investment Management net revenue was 26.2 billion yen, 3.5 times higher quarter on quarter but down 24 percent year on year. Income before income taxes was 5.6 billion yen, down 63 percent from the previous year.

Wholesale booked net revenue of 205.5 billion yen, higher by 3 percent quarter on quarter and 19 percent year on year. Income before income taxes was 20.2 billion yen, decreasing 20 percent from last quarter and 19 percent from the previous year.