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Nomura Q2 net profit falls 15% on bond trading drop

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Nomura Holdings on Monday said its second-quarter net profit fell 15 per cent, as its wholesale division was hit by a drop in fixed income trading.

[TOKYO] Nomura Holdings on Monday said its second-quarter net profit fell 15 per cent, as its wholesale division was hit by a drop in fixed income trading.

Japan's biggest brokerage and investment banking group said in a statement that its July-September net profit fell to 51.9 billion yen (S$623.58 million), from 61.2 billion yen a year ago.

That was below an average estimate of 60.5 billion yen from two analysts polled by Thomson Reuters.

REUTERS

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