Net revenues at Nomura’s asset management business increased 10% quarter on quarter to JPY20.2 billion (US$206.1 million).
The company’s income before income taxes increased 71% from the prior quarter to JPY6.7 billion (US$68.3 million).
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Inflows into the investment trust business totalled JPY406 billion (US$4.1 billion) and the investment advisory business booked inflows of JPY349 billion (US$3.56 billion).
Nomura’s net assets under management have increased by JPY1.2 trillion (US$12.2 billion) from the end of March to JPY29.1 trillion (US$295.8 billion) as of the end of June.
Koji Nagai, group CEO of Nomura, said: "We had a solid first quarter with firm-wide revenues and income up year on year and pre-tax income from our three core business segments at the highest level in six years.
"Asset Management booked higher revenues and pre-tax income as assets under management continued to grow. We continue to lower our cost base and build up a stable earnings platform to contribute to economic growth by providing high value-added solutions as Asia’s global investment bank."
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By GlobalDataOverall, Nomura’s first quarter net revenue was JPY431.3 billion (US$4.3 billion), income before income taxes was JPY113.2 billion (US$1.1 billion), and net income attributable to Nomura Holdings shareholders was JPY65.9 billion (US$664 million).
