Nomura Holdings (NMR) has released an update.
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Nomura Holdings reports a robust financial performance for the first quarter of the fiscal year ending March 2025, with a net revenue increase of 2% quarter-over-quarter and a substantial 30% year-over-year growth. The company experienced a 12% increase in income before taxes quarter-over-quarter and an impressive threefold year-over-year increase. Key drivers of this growth included a stable asset management business, a diversification of revenue in Wealth Management, which saw its highest income before taxes in nine years, and a consistent rise in income before taxes across all three segments for five consecutive quarters.
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