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Japan's Nomura posts YOY rise in fiscal Q3 net income

Nomura Holdings Inc. reported a year-over-year increase in net income for the quarter ended Dec. 31, 2017.

The company said net income attributable to the company's shareholders for the fiscal third quarter jumped to ¥87.96 billion, or ¥25.12 per share, from ¥70.35 billion, or ¥19.44 per share, in the year-ago quarter.

Commissions surged to ¥101.66 billion from ¥86.26 billion. Fees from investment banking grew to ¥29.29 billion, from ¥23.74 billion in the year-ago period. Meanwhile, net gain on trading fell to ¥87.73 billion from ¥108.39 billion.

Net revenue for the quarter jumped to ¥406.62 billion from ¥368.65 billion. Total noninterest expenses rose to ¥285.86 billion, from ¥272.70 billion in the prior-year period. As a result, net income for the quarter climbed to ¥89.79 billion from ¥70.73 billion.

The group's retail segment turned in a net revenue of ¥111.28 billion, from ¥101.34 billion for the quarter ended Dec. 31, 2016. The asset management segment's net revenue rose to ¥36.50 billion from ¥28.91 billion, while the wholesale segment reported a net revenue of ¥165.65 billion, down from ¥197.29 billion in the prior-year quarter.

For the nine months ended Dec. 31, 2017, net income attributable to the company's shareholders rose 10.3% year over year to ¥196.67 billion, or ¥55.12 per share, from ¥178.35 billion, or ¥48.76 per share, in the year-ago period. Net revenue for the period rose 6.1% to ¥1.119 trillion from ¥1.054 trillion.

As of Jan. 31, US$1 was equivalent to ¥109.27.