TOKYO, April 27 Nomura Holdings Inc
said it swung to a net profit in its fiscal fourth quarter as
strength in its wholesale business, driven by revenue from bond
trading, helped its overseas business record its first annual
profit in seven years.
Japan's biggest brokerage and investment banking group said
in a statement on Thursday its January-March net profit was 61.3
billion yen ($551.11 million), compared with a net loss of 19.2
billion yen in the same period a year earlier. Its overseas
operations posted a quarterly pretax profit of 16.7 billion yen.
Nomura's net profit for the 12 months ended March rose 82.1
percent to 239.6 billion yen, compared to an average forecast of
236.33 billion yen of seven analysts surveyed by Thomson
Reuters, its best annual performance since 2006.
Nomura also said it would buy back its own shares worth up
to 80 billion yen, or 2.6 percent of its outstanding shares.
($1 = 111.2300 yen)
(Reporting by Thomas Wilson; Editing by Muralikumar