The following is a summary of the Nomura Holdings, Inc. (NMR) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Nomura reported a significant growth in net revenue of 17% for the fiscal year and 11% in its Q4, totaling to ¥445.1 billion.

• The company enjoyed an 83% increase in its pre-tax income amounting to ¥273.9 billion for the fiscal year.

• Earnings per share stand at ¥52.69 for the fiscal year implying a reasonably profitable year.

• Despite a challenging start to the year, the Wholesale division made a comeback in the latter half and contributed a revenue growth of 17% in the Q4, however, pre-tax profit was down by 10%.

• Wealth and Investment Management divisions observed stable growth, contributing net revenues of ¥108.8 billion, and ¥43.6 billion respectively.

Business Progress:

• The Wealth Management Division's asset management business effectively progressed, doubling its recurring revenue in eight years.

• Investment Management Division's assets under management rose to ¥89 trillion, exceeding their fiscal year targets.

• Strong growth in net revenue in Global Markets was seen due to improved performance in spread products.

• The company successfully dropped its cost-income ratio just above 80% through rigorous cost-control initiatives and is planning to maintain this practice throughout fiscal 2025.

• Seeing an increase in the number of new accounts, Nomura is now focusing on clients with potential for transactions and targeting customers of a certain size for the Retail division.

• As Nomura approaches its centennial anniversary in December 2025, the group aims to further focus on areas of competitiveness and stringent cost control for sustainable growth.

More details: Nomura Holdings IR

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