TOKYO (Reuters) – Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, on Wednesday reported a 96.5% drop in first-quarter net profit as financial market turbulence battered investment banking and asset management businesses.
April-June profit came in at 1.696 billion yen ($12.73 million) versus 48.5 billion yen a year earlier. The result compared with the 22.59 billion yen average of two analyst estimates compiled by Refinitiv.
($1 = 133.1900 yen)
(Reporting by Makiko Yamazaki; Editing by Shri Navaratnam)
