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Thursday April 28, 06:02
Nomura Holdings fourth-quarter profit fell 64%
(by Roy Deng)

Nomura Holdings fourth-quarter profit fell 64% Nomura Holdings, Japan’s largest securities firm, reported today its fourth-quarter profit fell 64%.

Profit tumbled to 25.5 billion yen ($241 million), or 13.16 yen a share, , from 69.9 billion yen, or 36.01 yen a share, last year. For the total year profit dropped 45% to the lowest level since 2001. Annual profit fell to 94.7 billion yen from 172.3 billion yen. Revenue rose 12% to 328.4 billion yen.

The company’s compensation costs rose 21% to 77.4 billion yen.

Fees from underwriting stock sales declined 38% to 10.8 billion yen.

Investment-banking fees declined to 26.1 billion yen from 28.2 billion yen a year earlier.

Brokerage commissions fell 4% to 60.6 billion yen.

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