Nomura Holdings Inc (TYO:8604) registered a small uptick in profit for the fiscal fourth quarter, while revenue expanded markedly as its private banking and asset management operations outperformed, the firm reported on Friday.
For the three months ended March 31, Nomura recorded net income of 73.93 billion yen ($460 million yen), representing a 2.7% increase from 71.97 billion yen in the prior-year period.
Quarterly total revenue climbed nearly 11% to 1.21 trillion yen, driven predominantly by gains in the company’s wealth and investment management segments.
Revenue from the wealth management unit rose by 33% in the quarter, while the investment management business saw revenue increase by 100%. Nomura said the wealth management arm delivered its strongest results since the unit was established in March 2002.
The wholesale division - identified by the company as its largest earnings driver - delivered a 19% rise in revenue. That unit, which houses Nomura’s investment banking and trading operations, produced solid returns even as market conditions were affected by increased volatility stemming from the conflict in the Middle East.
Nomura’s banking unit also reported higher receipts, logging a 27% increase in quarterly revenue.
These results reflect a mix of steady profit growth and broad-based revenue expansion across the firm’s major business lines. The most pronounced gains occurred in client-facing, fee-generating businesses such as wealth and investment management, while the wholesale and banking divisions also contributed meaningfully to the quarter’s top-line performance.
Group-level numbers show a business profile that remains reliant on wholesale activity for earnings, with diversified contributions from private banking and asset management supporting overall revenue momentum.