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JAPAN'S NOMURA HOLDINGS REPORTS 73% DROP IN PROFIT BEFORE TAX.
TOKYO, May 1 Asia Pulse - Nomura Holdings Inc. (TSE:8604) on Wednesday reported that its group income before taxes fell 73 per cent from the prior year to 47.4 billion yen (US$395 million) for the fiscal year ended March 31.
The firm wrote down the value of its securities holdings, mainly banking shares, by 62.5 billion yen. But it enjoyed growing sales of foreign bonds and other non-equity instruments to retail investors, and consequently, revenue from fixed income instruments exceeded stock commission income for the first time ever.
The domestic retail business segment turned in 35.7 billion yen in income before taxes, up 74 per cent ...
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TOKYO, Jan 26 Asia Pulse - Nomura Holdings Inc. (TSE:8604) saw a record number of account openings...to each new account holder in an effort to gauge their asset management stances. "Our ability to tailor marketing efforts to...