Reported 3 months ago
Japan's largest brokerage, Nomura Holdings, announced a remarkable 195% increase in its first-quarter profit, totaling 68.9 billion yen ($446 million), thanks to a rebound in global markets and a shift towards investment products as domestic inflation returns. The company has successfully transitioned towards a fee-based profit model, significantly boosting its wealth management segment, which accounted for nearly half of its pre-tax profits last year.
Source: YAHOO