Good evening, this is Takumi Kitamura, CFO of Nomura Holdings.
I will now give you an overview of our financial results for the first quarter of the fiscal year ending March 2022 using the document titled Consolidated Results of Operations. Please turn to page two.
Net revenue increased 108 percent quarter on quarter to 353.3 billion yen, while income before income taxes improved to 78.5 billion yen as shown on the top right.
Three segment income before income taxes was 35.6 billion yen, recovering from a loss last quarter due to two main reasons. First, Investment Management established in April this year made a significant contribution, and second Wholesale performance improved.
Wholesale performance was again impacted this quarter by transactions with a US client last quarter, but we exited all our positions in May. Fixed Income revenue grew quarter on quarter, while strong momentum in Investment Banking continued.
Segment Other income before income taxes was 39.6 billion yen, representing an increase of around 100 billion yen from last quarter's loss. Last quarter we also booked an impairment charge of 47.7 billion yen in Nomura Real Estate Holdings. That was no longer present this quarter and in June we booked a realized gain of 36.2 billion yen from the sale of part of our stake in Nomura Research Institute.
Net income was 48.5 billion yen, annualized ROE was 7.1 percent and EPS was 15.59 yen.
Now, let's take a closer look at each business, starting with Retail on page 5.
Nomura Holdings Inc. published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 12:28:02 UTC.