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NOMURA BACK IN THE BLACK IN FISCAL FIRST HALF.

AsiaPulse News

| November 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, Nov 1 Asia Pulse - Nomura Holdings Inc. (TSE:8604) on Thursday reported 40.6 billion yen (US$331.40 million) in income before taxes on a consolidated basis for the six months ended Sept. 30, compared with a 122 billion yen loss for the same period last year.

The company reported its earnings results based on U.S. accounting standards.

Although the company saw commission revenues decline due to the stock market slump, it enjoyed brisk sales of foreign bonds to individuals.

The company booked a net profit of 131.1 billion yen, compared with a 77.8 billion yen loss recorded a year earlier due to a 109.8 billion yen gain in stock valuations. The firm reassessed its holdings of shares in Nomura Asset Management Co. in accordance with a change in U.S. accounting standards.

The company's income before taxes from domestic operations soared 150 per cent to 15.3 billion yen. It ...

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