Financial Results
Japanese Banking Giant Logs 25 Per Cent Rise In Asset Management Income
The Tokyo-headquartered banking group reported a period of growth for its asset management business in the six months to 30 September.
Nomura's asset management arm boosted its pre-income tax income by 25.3 per cent year-on-year to JPY20.2 billion ($168 million) during the six months to the end of September.
The division generated net revenue of JPY49.8 billion, up 10.5 per cent from a year ago. Meanwhile, non-interest expense rose 2.3 per cent to JPY29.6 billion.
Assets under management reached JPY40 trillion at the end of September.
The group as a whole, which also includes retail and wholesale segments, logged a pre-tax income of JPY125.9 billion, up 0.2 per cent year-on-year. Nomura's net revenue increased 2.1 per cent to JPY760.6 billion.