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Nomura Holdings Q1 2019 net revenue $2.5 billion

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Staff Writer | July 29, 2018
Nomura Holdings announced its consolidated financial results for the first quarter of the fiscal year ending March 31, 2019.
Nomura Holdings
Nomura Holdings   Uncertain market conditions persisted in the first quarter
Net revenue in the first quarter was 272 billion yen ($2.5 billion), income before income taxes was 13.6 billion yen ($123 million), and net income attributable to Nomura Holdings shareholders was 5.2 billion yen ($47 million).

“Uncertain market conditions persisted in the first quarter due to ongoing trade friction and heightened geopolitical risks, and the strong dollar made emerging markets investors increasingly risk averse.

“Amid this environment, our performance slowed as Fixed Income challenges in Wholesale led to a decline in our trading business,” said Nomura President and Group CEO Koji Nagai.

“Retail revenues fell slightly from last quarter. However, our recurring revenue cost coverage ratio surpassed 30 percent for the first time.

“Our Asset Management business delivered a robust performance, reporting continued inflows that helped lift assets under management to a record high."