Slight Decline in Net Profit Fails to Overshadow Annual Success as Nomura Launches 60 Billion Buyback for Support

Glonghui, January 30｜Nomura has announced a stock buyback plan. Despite a decline in third-quarter profits, Japan’s largest securities company is still on track to achieve a record annual profit. In a statement released on Friday, the company said that net profit for the third quarter of the fiscal year ending December 31 fell 9.7% year-on-year to 91.6 billion yen (approximately $595 million). This result was below the average forecast of 95.1 billion yen by four analysts. CEO Kentaro Okuda is seeking to maintain the momentum from last year’s record profits, as financial institutions are racing to capitalize on the volatility and investment boom in the Japanese market. As Japan’s fiscal policy direction draws increasing attention, securities companies are playing a role by assisting clients in navigating volatile bond and currency markets. Net profit for the first nine months totaled 288.2 billion yen, putting Nomura on track to break the previous fiscal year’s record high of 340.7 billion yen.