29.01.2015, 11:06
Nomura Reports Third Quarter Financial Results
OREANDA-NEWS. Nomura Holdings, Inc. today announced its consolidated
financial results for the third quarter of the fiscal year ending March 31, 2015.
Net revenue for the third quarter was 425 billion yen (US\$3.5 billion) 1 , an increase of 14 percent quarter on quarter and 12 percent year on year. Income before income taxes was 116.1 billion yen (US\$969 million), up 57 percent quarter on quarter and 34 percent year on year. Net income grew 32 percent quarter on quarter and 45 percent year on year to 70 billion yen (US\$584 million).
“We continued to build momentum during the third quarter with net revenue and pretax income both up quarter on quarter and year on year. Pretax and net income for the nine months to December were close to the record high in the same period last year,” said Koji Nagai, Group Chief Executive Officer.
“Retail reported its strongest pretax income for six quarters. Retail client assets broke through the 100 trillion yen level for the first time, climbing to 104.8 trillion yen. Asset Management has its best pretax quarter since September 2007 as assets under management grew to a record high.
“Wholesale reported softer net revenue and pretax income compared to last quarter as a slowdown in Fixed Income in EMEA and the Americas more than offset a solid performance in Global Markets in Japan and AEJ and Investment Banking globally.
“Looking ahead, we remain focused on further establishing our position as Asia’s global investment bank by seeking out opportunities for our clients in the changing environment and continuing to transform our business.”
Financial Position
Nomura maintains a robust financial position and a healthy balance sheet. As of the end of December, Nomura’s total capital ratio was 14.3 percent and its Tier 1 ratio was 12.5 percent under Basel III. Nomura had total assets of 44.1 trillion yen and shareholders’ equity of 2.7 trillion yen. Gross leverage was 16.2 times and net leverage was 10.5 times. All figures are on a preliminary basis.
Share buyback
Nomura’s Board of Directors today approved a resolution to set up a share buyback program with an upper limit of 40 million shares of Nomura Holdings common stock. The upper limit of the aggregate amount of the repurchase price will be 30 billion yen. Nomura plans to use the acquired treasury stock to deliver shares upon the exercise of stock options and to raise capital efficiency and ensure a flexible capital management policy.
Net revenue for the third quarter was 425 billion yen (US\$3.5 billion) 1 , an increase of 14 percent quarter on quarter and 12 percent year on year. Income before income taxes was 116.1 billion yen (US\$969 million), up 57 percent quarter on quarter and 34 percent year on year. Net income grew 32 percent quarter on quarter and 45 percent year on year to 70 billion yen (US\$584 million).
“We continued to build momentum during the third quarter with net revenue and pretax income both up quarter on quarter and year on year. Pretax and net income for the nine months to December were close to the record high in the same period last year,” said Koji Nagai, Group Chief Executive Officer.
“Retail reported its strongest pretax income for six quarters. Retail client assets broke through the 100 trillion yen level for the first time, climbing to 104.8 trillion yen. Asset Management has its best pretax quarter since September 2007 as assets under management grew to a record high.
“Wholesale reported softer net revenue and pretax income compared to last quarter as a slowdown in Fixed Income in EMEA and the Americas more than offset a solid performance in Global Markets in Japan and AEJ and Investment Banking globally.
“Looking ahead, we remain focused on further establishing our position as Asia’s global investment bank by seeking out opportunities for our clients in the changing environment and continuing to transform our business.”
Financial Position
Nomura maintains a robust financial position and a healthy balance sheet. As of the end of December, Nomura’s total capital ratio was 14.3 percent and its Tier 1 ratio was 12.5 percent under Basel III. Nomura had total assets of 44.1 trillion yen and shareholders’ equity of 2.7 trillion yen. Gross leverage was 16.2 times and net leverage was 10.5 times. All figures are on a preliminary basis.
Share buyback
Nomura’s Board of Directors today approved a resolution to set up a share buyback program with an upper limit of 40 million shares of Nomura Holdings common stock. The upper limit of the aggregate amount of the repurchase price will be 30 billion yen. Nomura plans to use the acquired treasury stock to deliver shares upon the exercise of stock options and to raise capital efficiency and ensure a flexible capital management policy.
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