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Nomura’s 97% Profit Drop Adds Urgency to Shift Away From Trading

  • Fixed income gains couldn’t make up for weakness elsewhere
  • CEO Kentaro Okuda has pledged to diversify income streams
Views of Nomura and Other Securities Companies Ahead of Earnings Announcement
Photographer: Toru Hanai/Bloomberg
Updated on

Nomura Holdings Inc. barely eked out a profit as fixed-income gains couldn’t make up for weakness elsewhere, adding urgency to Chief Executive Officer Kentaro Okuda’s plans to diversify Japan’s largest brokerage. 

Net income for the three months ended June slid 97% to the lowest in five quarters, falling short of estimates from four analysts polled by Bloomberg.