Nomura sees strong uptick in Q3 revenue and income

Nomura Holdings, Inc., a Japanese financial holding company, has released its consolidated financial results for the third quarter of the 2021 fiscal year, from October until December, showing a strong uptick in revenue and income.

Net revenue for the third quarter was 402.1 billion yen (US$3.9 billion), up 9 percent quarter on quarter and 20 percent year on year. Income before income taxes was 131.3 billion yen (US$1.3 billion). Net income attributable to Nomura Holdings shareholders was 98.4 billion yen (US$954 million).

For the nine months to December, the net revenue of the company soared to 1,231.8 billion yen (US$11.9 billion), up 17 percent from the same period last year. Income before income taxes was 396.8 billion yen (US$3.8 billion), and net income attributable to Nomura Holdings shareholders was 308.5 billion yen (US$3.0 billion).

"We reported our strongest results for the April to December period in 19 years. Our Wholesale business remained robust and we continued to diversify our revenue drivers. Retail delivered a resilient performance, while assets under management in Asset Management reached a record high. As a result of our ongoing efforts to control costs, we are well positioned to deliver consistent earnings across our global franchise. We remain committed to ensuring sustainable growth," said Nomura President and Group CEO Kentaro Okuda.