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Search resuls for: "Takumi Kitamura"


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Nomura's dominant position in Japan, where the stock market is trading at 33-year highs, helped it offset lethargic dealmaking and sluggish trading overseas. July-September profit came in at 35.2 billion yen ($235 million), rebounding from last year when a sharp downturn in global financial markets battered its asset management and investment banking businesses. This year, Japanese firms have been increasingly willing to embark on fundraising - either via equity or debt markets. As a result, Nomura's investment banking business saw a 19% increase in net revenue due to robust equity offerings and active dealmaking in Japan. "Encouraged by the strong stock market, Japanese companies are becoming more proactive in making investments for growth," Chief Financial Officer Takumi Kitamura told a media briefing.
Persons: Toru Hanai, Takumi Kitamura, LSEG, Makiko Yamazaki, Jamie Freed, Edwina Gibbs Organizations: Nomura Securities, REUTERS, Rights, Nomura Holdings, U.S . Federal Reserve, Thomson Locations: Tokyo, Japan
"We had a market tailwind," Chief Financial Officer Takumi Kitamura told a media briefing. Nomura's April-June profit came in at 23.33 billion yen ($163.42 million) versus 1.696 billion yen a year earlier, when fears of slowing global economic growth hit financial markets and forced investment portfolio writedowns at the Japanese firm. In contrast to the strong gains at the retail business, Nomura's wholesale division, which houses its investment banking and trading businesses, posted a pretax profit of just 2.1 billion yen, down sharply from 25.3 billion yen a year earlier. The Bank of Japan's relaxation of its cap on bond yields last week could also be "a major tailwind" to its business, as it is likely to increase market volatility, he said. ($1 = 142.7600 yen)Reporting by Makiko Yamazaki; Editing by Himani Sarkar and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Takumi Kitamura, Nomura's, Kentaro Okuda, Kitamura, Makiko Yamazaki, Himani Sarkar, Mark Potter Organizations: Nomura Holdings Inc, of, Energy, NTT Group, Thomson Locations: TOKYO
TOKYO, Feb 1 (Reuters) - Nomura Holdings Inc (8604.T), Japan's biggest brokerage and investment bank, reported an 11% rise in quarterly net profit on Wednesday, as a partial stake sale in an affiliate offset a slump in investment banking. Nomura's wholesale division, which houses its investment banking and trading businesses, logged a pretax loss of 1.9 billion yen ($14.58 million), its first loss since the April-June quarter of 2021. read moreEven as Nomura's investment banking business was underpinned by relatively solid dealmaking activity in Japan, it confirmed layoffs of bankers in Europe and Asia. Kitamura said the company would stick to its strategy of beefing up its investment banking business, however. ($1 = 130.3400 yen)Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman, Subhranshu Sahu and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
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