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Japan’s Nomura Q4 net profit drops 76%
2023.04.26 02:22
© Reuters. FILE PHOTO: The logo of Nomura Securities is seen at the company’s Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo
TOKYO (Reuters) – Nomura Holdings (NYSE:) Inc, Japan’s biggest brokerage and investment bank, reported on Wednesday a 76% drop in quarterly net profit amid fears about a global banking crisis.
January-March profit came in at 7.4 billion yen ($55.37 million), down from 30.96 billion yen a year earlier.
Net profit for the year ended March came in at 92.8 billion yen, compared with an average estimate of 136.26 billion yen from seven analysts polled by Refinitiv.
($1 = 133.6400 yen)
