Kentaro Okuda, Nomura President and Group CEO, said:
We reported net revenue of 1,335.6 billion yen and net income of 92.8 billion yen for the full year, both representing a year on year decline amid volatile markets due to heightened geopolitical risks, inflation and central bank monetary policy tightening.
Q4 results
The Japanese company saw net revenue for the fourth quarter of the financial of JPY 324.9 billion, which was 17% lower compared to the prior quarter and 5% down from the same quarter during the previous year.
Income before taxes for the final quarter JPY 22.7 billion (US1 million) and net income attributable to Nomura Holdings shareholders stood at JPY7.4 billion (US million). Diluted net income attributable to Nomura Holdings shareholders per share came in at JPY 2.34.
Divided by business segments, the retail division reported net revenue of JPY 75.3 billion, which was up nearly 7% compared to the same period the previous year. The Investment management sector brought in JPY 37.8 billion during the quarter, up 275% on yearly basis. Wholesale net revenue stood at JPY 178.8, down 8% compared to Q4 2022.
Okuda added:
As we navigate the changing market environment, we remain committed to meeting the diverse needs of our customers and delivering sustainable growth.
