Financial Results

Japanese Banking Giant Logs 25 Per Cent Rise In Asset Management Income

Amisha Mehta Assistant Editor 30 October 2015

Japanese Banking Giant Logs 25 Per Cent Rise In Asset Management Income

The Tokyo-headquartered banking group reported a period of growth for its asset management business in the six months to 30 September.

Nomura's asset management arm boosted its pre-income tax income by 25.3 per cent year-on-year to JPY20.2 billion ($168 million) during the six months to the end of September.

The division generated net revenue of JPY49.8 billion, up 10.5 per cent from a year ago. Meanwhile, non-interest expense rose 2.3 per cent to JPY29.6 billion.

Assets under management reached JPY40 trillion at the end of September.

The group as a whole, which also includes retail and wholesale segments, logged a pre-tax income of JPY125.9 billion, up 0.2 per cent year-on-year. Nomura's net revenue increased 2.1 per cent to JPY760.6 billion.

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