Nomura fourth-quarter profit slides 63% as retail investor risk appetite falls
Updated : April 26, 2018 01:15 PM IST
Nomura said in a statement its net profit for the three months ended March was 22.7 billion yen ($207.61 million), versus 61.3 billion yen a year earlier.
Nomura's annual net profit fell 8% to 219.3 billion yen ($2.01 billion), from 239.6 billion yen a year ago.
Pretax profit at Nomura's key retail division, which serves mostly individual Japanese investors, slid 17% in the fourth quarter as sales of stocks and investment trusts slowed amid falling markets and a rising yen.