Japan Nomura can mount a spicy market, according to CFO, after bank publications record the annual benefit

By Anton Bridge

Tokyo (Reuters)-the Major Investment and Japan Bank of Japan Nomura Holdings recorded a 27% increase in the net profit of the fourth quarter to achieve their benefit for the whole time as revenue grew in each of their business segments during the year.

The results are for the period until the end of March and do not take into account the market crisis that followed the U.S. tariff ads in April, although Nomura may overcome volatility, its CEO.

“A certain degree of volatility really works in favor of our business,” said CFO Takumi Kitamura in an informative results session.

Although the investment activity of the individual customers was slowed, there had been no rush to sell assets since the beginning of April.

In the meantime, volatility had expanded the margins in capital and currency negotiation to the Nomura Market Unit, so revenue trends were above levels during the three months until March, said Kitamura.

Nomura also has faith in the financial markets of the United States in the medium and long term, which was behind its acquisition of public and European assets management companies of the Australian group Macquarie for $ 1.8 billion this week, said Kitamura.

“Of course, the stock market will increase and fall in the short term, but in the medium or long term it is strong, the North -American population grows and we see it as a clear growth market,” Kitamura said.

Nomura recorded a profit of 72 billion yen ($ 501.15 million) for the January-March period, compared to 56.8 billion yen in the same period of the previous year and announced a repurchase of actions of up to 60 billion yen.

It has cemented a dominant position between Japanese value companies and their earnings in recent quarters have comfortably surpassed those of the Daiwa Securities and Mizuho Securities rivals.

Its management has sought to become an investment bank global, but with paintings. Macquarie’s acquisition marks its most ambitious expansion absence abroad since the purchase of Lehman Brothers assets in 2008, which he later scored.

Assets management has become a basic area of ​​growth for Japanese financial institutions that seek to obtain stable revenue based on less affected rates by the benefits and low people of the market sentiment.

In the perspective of the wholesale division, which houses the units of world investment and markets of Nomura, Kitamura said that market volatility since the beginning of April has caused many companies that take an approach and see in the broadcast of capital or the M&A.

But when the markets are needed, the activity should return to normal, Kitamura said.