Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Nomura Holdings, Inc.    8604   JP3762600009

NOMURA HOLDINGS, INC.

(8604)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Nomura's first-quarter profit soars more than 10 times after horror year

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/31/2019 | 04:28am EDT
FILE PHOTO: A man walks past a signboard of Nomura Securities outside its branch in Tokyo

TOKYO (Reuters) - Nomura Holdings on Wednesday said its first-quarter profit soared more than tenfold after restructuring its portfolio, as Japan's top investment bank sought to draw a line under its worst year in a decade.

The recovery was led by a sharp improvement in its wholesale division, which had long been a drag and last year pushed Nomura into an annual loss for the first time in 10 years.

Its vaunted reputation has also been dented. In May, Japan's financial watchdog ordered it to improve internal controls after an information leak related to listing and delisting criteria at the Tokyo Stock Exchange.

"Results of our structural reform started to emerge," Chief Financial Officer Takumi Kitamura told an earnings briefing on Wednesday.

April-June profit came in at 55.8 billion yen (£423.17 million) versus 5.2 billion yen a year earlier. The result blew past the 14.9 billion yen average of two analyst estimates compiled by Refinitiv.

The wholesale division posted 20 billion yen in pretax profit in the first quarter, due particularly to recovery in its U.S. fixed income business. That compared to a 7 billion yen loss a year earlier.

Pretax profit at its asset management business increased by 76%, although the retail business saw a 60% drop from the same period a year earlier.

Following the information leak this year, Nomura missed a chance to lead manage a mammoth sale of shares in Japan Post Holdings Co Ltd as the government took the leak into account when choosing underwriters.

Chief Executive Koji Nagai said he would take a 30% pay cut for three months after the debacle, and at a general meeting in June, shareholders voted for him to remain in his position.

(Reporting by Takashi Umekawa; Editing by Christopher Cushing)

By Takashi Umekawa

Stocks treated in this article : Nomura Holdings Inc, Japan Post Holdings Co Ltd
Stocks mentioned in the article
ChangeLast1st jan.
JAPAN POST HOLDINGS CO., LTD. 1.33% 994 End-of-day quote.-20.54%
NOMURA HOLDINGS, INC. 1.52% 489 End-of-day quote.18.46%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.01% 108.827 Delayed Quote.-1.05%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NOMURA HOLDINGS, INC.
10/14Industrials Flat As Traders Weigh "Mini-Deal" -- Industrials Roundup
DJ
10/11BREXIT BOUNCE : U.K. Assets Surge on Divorce-Deal Optimism--2nd Update
DJ
10/11Brexit Optimism Boosts U.K. Pound, Bank Stocks
DJ
10/10NOMURA : Announces Marco Patuano as Senior Advisor(PDF 24KB)
PU
10/09WALL STREET STOCK EXCHANGE : Stocks Drift Higher Ahead of Powell Speech
DJ
10/09WALL STREET STOCK EXCHANGE : Stocks Drift Higher Ahead of Powell Speech
DJ
10/09WALL STREET STOCK EXCHANGE : Stocks Drift Higher Ahead of Fed Minutes
DJ
10/09China's Sept new loans seen rising, more policy easing expected
RE
10/07LINE : LVC, and Nomura Sign Final Capital Alliance Agreement to Explore Blockcha..
AQ
10/04SoftBank's plans for second mega-fund hit by WeWork debacle
RE
More news
Financials (JPY)
Sales 2020 1 245 B
EBIT 2020 238 B
Net income 2020 179 B
Debt 2020 -
Yield 2020 2,76%
P/E ratio 2020 8,81x
P/E ratio 2021 10,9x
Capi. / Sales2020 1,27x
Capi. / Sales2021 1,31x
Capitalization 1 581 B
Technical analysis trends NOMURA HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 432,70  JPY
Last Close Price 489,00  JPY
Spread / Highest target 7,77%
Spread / Average Target -11,5%
Spread / Lowest Target -32,5%
EPS Revisions
Managers
NameTitle
Koji Nagai Executive President, Group CEO & Director
Nobuyuki Koga Chairman
Toshio Morita Group Co-Chief Operating Officer
Kentaro Okuda Group Co-Chief Operating Officer
Takumi Kitamura Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
NOMURA HOLDINGS, INC.18.46%14 358
GOLDMAN SACHS GROUP INC.22.53%74 005
MORGAN STANLEY6.56%69 829
THE CHARLES SCHWAB CORPORATION-9.17%49 307
CITIC SECURITIES COMPANY43.29%36 642
HUATAI SECURITIES17.41%22 629