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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