Nomura Holdings, Inc., a leading financial holding company in Japan, announced on Friday a remarkable 179% increase in net income attributable to shareholders for the second quarter, totaling 98.4 billion yen (approximately $687 million). Compared to the previous quarter, this represents a sequential profit growth of 43%.
The company also reported a significant rise in income before taxes, which surged by 134% to reach 133.0 billion yen (around $928 million), up from 54.06 billion yen the previous year.
Nomura's net revenue for the second quarter stood at 483.3 billion yen (equivalent to $3.4 billion), marking a 31% increase compared to 367.76 billion yen reported in the same period last year. On a sequential basis, net revenues rose by 6% from the first quarter.
Additionally, Nomura has declared a dividend of 23 yen per share, up from last year’s 8 yen per share, for shareholders of record as at the end of September 2024. This dividend is scheduled for distribution on December 2.
In market activity, shares of Nomura experienced a decline of 2.7%, closing at 777.60 yen in Tokyo on Friday.
