Nomura's Quarterly Profit Surges by 195%

Wealth management and trading drive significant earnings growth as Japan exits deflation.

Nomura's net income for April-June reached ¥68.9 billion ($446 million), tripling from the previous year.
The end of deflation in Japan has shifted retail clients' focus from savings to investments.
Wealth management pre-tax income grew 84%, reaching its highest level since the 2015/16 financial year.
Assets under management hit a record ¥92.5 trillion due to strong inflows.
Cost-cutting measures have improved profitability, with group return on equity rising to 8.1%.