Nomura reports strong EQD revenues in Japan, Americas steady

Nomura Holdings has reported net revenues of JPY348.9 billion (US$2.4 billion) from April to June, up 16.7% from the prior-year quarter, according to its earnings report for the first quarter of the fiscal year ending 31 March 2024. Non-interest expenses, at JPY302.6 billion, were stable compared to the previous quarter and up five percent year-on-year (YoY). Accordingly, net income rose 3.2-fold to JPY23.3 billion quarter-on-quarter (QoQ), which was a 13.8-fold increase YoY. There is strong