Q1 2022 Nomura Holdings Inc Earnings Call Transcript
Good evening. This is Takumi Kitamura, CFO of Nomura Holdings. Now on our first quarter results of the fiscal year ending March 2022, I'm using the document titled consolidated results of operations.
Please turn to Page 2. Net revenue increased 108% quarter-on-quarter to JPY 353.3 billion, while income for income taxes improved to JPY 78.5 billion. As shown on the top right, 3 segment income before income taxes was JPY 35.6 billion, recovering from a loss last quarter due to 2 main reasons. First, investment management established in April this year made a significant contribution; and the second, wholesale performance improved. Wholesale performance was again impacted this quarter by transactions with the U.S. clients last quarter, but we exited all our positions in May. Fixed income revenue grew quarter-on-quarter, while strong momentum in investment banking continued.
Segment Other income before income taxes was JPY 39.6 billion, representing an increase of around JPY 100 billion from last quarter's loss. Last
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