Nomura Holdings, Inc. has shared its financial results for Q2 and the six months ending on September 30, 2023, demonstrating significant growth in revenue and profit.
For the six months ending September 30, 2023, Nomura reported a net revenue of 716.7 billion yen, representing a substantial increase of 16.2% compared to the same period in the previous year. Non-interest expenses also saw a notable uptick, rising by 6.9% to 613.6 billion yen.
One of the standout achievements for Nomura was its income before tax, which skyrocketed by 118.5% to 104.6 billion yen. The company attributed this remarkable growth to a diversification of income streams, demonstrating the effectiveness of its strategic initiatives.
Nomura’s financial position also saw considerable expansion during this period. As of September 30, 2023, the company’s total assets amounted to 54,815.3 billion yen, reflecting an increase of 7,043.5 billion yen when compared to March 31, 2023. This growth was mainly fueled by an increase in securities purchased under agreements to resell.
Nomura Holdings: Strong Q2 and H1 2023 Financial Performance
Simultaneously, Nomura’s total liabilities reached 51,443.0 billion yen as of the same date, marking an increase of 6,895.4 billion yen compared to March 31, primarily due to increased securities sold under agreements to repurchase.
Nomura’s total equity stood at 3,372.2 billion yen as of September 30, an increase of 148.1 billion yen compared to March 31, 2023. Acknowledging economic and market uncertainties, Nomura refrained from presenting earnings and dividend forecasts at this time.
In the second quarter, Nomura continued to shine, with income before tax increasing by 23% compared to the previous quarter and an impressive 80% when compared to the same quarter of the previous year, reaching 56.7 billion yen (equivalent to approximately USD $379 million).
Kentaro Okuda, President, and Group CEO of Nomura, expressed his satisfaction, stating, “Three segment pretax income increased 79 percent year-on-year (YoY) to 89.2 billion yen in the first half. In the second quarter, we reported higher net revenue and pretax income across all business segments as our strategic initiatives continued to deliver results.”
Moreover, net income attributable to Nomura Holdings’ shareholders saw a substantial surge of 51% quarter-on-quarter (QoQ) and 110% year-on-year (YoY), reaching 35.2 billion yen (approximately US$236 million). The retail division played a significant role in this success, reporting a net revenue of 98.9 billion yen, signifying an increase of 7% QoQ and an impressive 36% YoY growth.
In a recent update, Nomura Holdings announced a dividend of 8 yen per share to its shareholders of record as of the end of September 2023. This dividend (December 1, 2023) provides further good news for its investors and demonstrates the company’s commitment to rewarding its stakeholders.
Also, take a look at the Broker Reviews.