Nomura’s asset management business has reported net revenues of JPY23.4bn ($198m) for the third quarter of the fiscal year 2015, a 10% increase compared to the same period a year ago.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The unit’s income before income taxes increased 20% year-on-year to JPY9.3bn.
Nomura’s assets under management stood at JPY37.7trn driven by inflows into products for discretionary investments and support from market factors.
Overall, Nomura’s net revenue for the third quarter of the fiscal year ending 31 March 2015 was JPY425bn, up 12% year-on-year.
The group reported a net profit of JPY70bn for its third quarter, while its income before income taxes was JPY116bn, up 34% year-on-year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataNomura Group CEO Koji Nagai said: "We continued to build momentum during the third quarter with net revenue and pre-tax income both up quarter on quarter and year on year. Pre-tax and net income for the nine months to December were close to the record high in the same period last year."
