Nomura Posts Financial Results for Q1 FY 2021

The global financial services provider Nomura announced on July 30 the release of its financial results for the first quarter of the fiscal year ending March 31, 2022, which unveiled that its net revenue stood at 353.3 billion yen, pretax income was 78.5 billion yen, net income was 48.5 billion yen with the ROE lifting to 7.1%.

The company has divided its businesses into three segments: retail, investment management  and wholesale.

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Retail reported net revenue of 85.0 billion yen, down 12 percent quarter on quarter and up 5 percent year on year. Efforts to grow client assets paid off with Retail client assets reaching a record high of 127 trillion yen.

Investment Management’ net revenue was 63.5 billion yen, showing an increase of 17 %t quarter on quarter and 60 percent decease year on year. Assets under Management in Investment Management was at a record high of 65.8 trillion yen on inflows. Private businesses contributed to earnings as IPO of Nomura Capital Partners investee company generated combined realized and unrealized gains of Y24bn.

Additionally, Wholesale booked net revenue of 132.8 billion yen, dropping 47% year on year. M&A remained strong driven by cross-border and sustainability deals.

Earlier this month，Fazzaco reported that Nomura Asset Management Co., Ltd., the Investment Management Division of Nomura, announced the addition​ of a new ETF, NF MSCI Japan Country ESG Leaders Index ETF, to its offering.