Nomura’s asset management business has reported income before income taxes of JPY30.9bn for the nine months ended 31 December 2015, an increase of 21.5% compared to JPY25.4bn a year earlier.
Net revenues were JPY75.1bn, up 9.7%compared to JPY68.5bn in the year ago period.
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The unit’s Assets under management stood at JPY42.2 trillion as of 31 December 2015.
For the nine months ended 31 December 2015, non-interest expense increased by 2.7% to JPY44.2bn from JPY43bn a year ago.
Overall, the group recorded net revenue of JPY1.1 trillion for the nine months ended 31 December 2015, a decrease of 4.6% from the year ago period.
The group reported income before income taxes was JPY177.5bn and net income attributable to NHI shareholders was JPY150.7bn.
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