Nomura Q4 net profit jumps almost eight fold on retail income surge

TOKYO (Reuters) – Nomura Holdings, Japan’s biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail income rose to its highest in eight years.

January-March net profit was 56.8 billion yen ($363.87 million) compared to 7.3 billion yen a year earlier when worries about a global banking crisis engulfed global markets and hit Nomura’s investment banking business.

($1 = 156.1000 yen)

(Reporting by Anton Bridge; Editing by Christian Schmollinger)