Nomura, the
global financial services group, has announced its latest financial results for
the fourth quarter and the full fiscal year ended March 2023, showing a decrease
in net revenues in both reported periods. The yearly
revenue fell 2% year-over-year (YoY) to JPY 1,335.6 billion ($10.1 billion),
while quarterly results were 17% lower and came in at JPY 324.9 billion ($2.4
billion).Nomura Reports Lower 2022
MetricsAlthough
the company’s total revenue turned out to be 56% higher YoY, coming in at JPY
2,486.7 billion, net revenue recorded a modest decline. On the other hand, net income attributable
to Nomura Holdings Inc. shareholders fell 35.1% YoY and was ranked at JPY 92.78 billion against JPY 143 billion in 2022. Kentaro Okuda, Nomura’s President and Group CEO, stated: “We
reported net revenue of 1,335.6 billion yen and net income of 92.8 billion yen
for the full year, both representing a year-on-year decline amid volatile markets due to
heightened geopolitical risks, inflation and central bank monetary policy
tightening.”Nomura’s retail
sector reported net revenue of JPY 75.3 billion, which is down 7% quarter-over-quarter
(QoQ) and up 7% YoY. Income before taxes ranked at JPY 9.8 billion, growing
89% YoY. In addition, the Investment Management division increased its net revenue YoY
to JPY 37.8 billion, which is up nearly 400%.Wholesale
was the worst performer, with a net loss reaching JPY 14.2 billion, which underperformed 5% QoQ
and 8% YoY.Q4 Also Worse for NomuraAccording
to Nomura’s report, a more substantial depreciation was seen in Q4 results
alone, with net revenue falling 17% QoQ to JPY 324.9 billion ($2.4 billion) and
5% YoY simultaneously.Before
accounting for income taxes, revenue amounted to 22.7 billion yen (US$171
million), and net income attributed to Nomura Holdings shareholders totaled
7.4 billion yen (US$56 million). The diluted earnings per share for Nomura
Holdings shareholders stood at 2.34 yen.”As we
navigate the changing market environment, we remain committed to meeting the
diverse needs of our customers and delivering sustainable growth,” Okuda
added.Nomura’s Komainu Helps GCEX
to Expand Crypto Custody OfferingGCEX, a
prime brokerage specializing in digital services for foreign exchange (FX) and
crypto, has revealed its latest collaboration with Komainu, a joint venture
involving Nomura and two major digital assets firms. Through this partnership,
GCEX’s institutional clients will have access to a wider range of regulated
custodians. According
to a press release shared with Finance Magnates, the announcement was
made in February. Komainu, which was established in partnership with
CoinShares, a digital asset investment manager, and Ledger, a crypto hardware
technology company, will help GCEX enhance its current offerings and expand its
support for 5,700 tokens running across 34 native blockchains.Back in
December, Nomura
announced its plans to open a new branch at the Dubai International Financial
Centre (DIFC). A presence in DIFC will allow the expansion of Nomura’s
International Wealth Management in the Middle East. Meanwhile, Nomura has
established a new enterprise in Switzerland called Laser Digital Holdings AG,
with a focus on the cryptocurrency sector. Laser Digital aims to specialize in
cryptocurrency venture capital, secondary trading, and investor products.
This article was written by Damian Chmiel at www.financemagnates.com.
