Asian investment firm has logged a 25 per cent quarter-on-quarter drop in net revenue in its asset management segment in the three months ending in March this year, although results rose 17 per cent on a year ago, coming in at Y27.3 billion ($250 million).
Asset management’s pre-tax income slumped by 46 per cent from the previous quarter but increased by 30 per cent compared to the same period last year at Y11.3 billion. The segment reported its assets under management rose to a record high of Y50 trillion. The firm said its asset management segment “continued to book inflows into the investment trust and investment advisory businesses during the quarter”.
The investment trust business recorded inflows into exchange-traded funds to about Y1.7 trillion. The firm said this helped lift Nomura Asset Management’s share of Japan’s public investment trust market to 27.4 per cent.
As of the end of March 2018, Nomura’s Tier 1 capital ratio was 17.6 per cent and its common equity Tier 1 capital ratio was 16.5 per cent under Basel III. (The Common Equity Tier 1 ratio is a standard, international measure of a bank’s equity capital buffer.)
Nomura reported it had total assets of Y40.6 trillion and shareholders’ equity of Y2.7 trillion.
Overall, the firm logged a seven per cent rise in its net revenue was Y1,497 billion. And pre-tax profit increased 2 per cent from the prior year to Y328.2 billion.
Source: Google