TOKYO: Japan's top securities firm Nomura said Wednesday its group net profit rose 31 percent in the quarter ended December, helped by stronger trading gains as rising Tokyo stocks buoyed investor fund inflows.
Japan's largest securities brokerage by revenue also said a greater contribution from overseas business helped it to a net profit of 13.4 billion yen ($165 million) in the fiscal third quarter on net revenue of 295.6 billion yen.
The brokerage has ramped up its expansion overseas in a search for growth after its purchase of part of Lehman Brothers following the US bank's collapse in 2008, but has previously been hampered by tough market conditions.
Wednesday's earnings outshone a net profit of 1.1 billion yen posted in the previous quarter.
For the nine months to December, Nomura said net profit was at 16.8 billion yen, down 66 percent on-year.
Nomura shares closed 4.03 percent higher in Tokyo trade Wednesday ahead of the earnings release.
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