'The trend for investment banking still appears to be muted', Tatsuo Majima, an analyst at Tokai Tokyo Financial Holdings Inc. (8616), said before the results. 'The retail brokerage business recovered and asset management operations were strong'.
Nomura posted a pretax profit of $47.2m from operations abroad, compared with a $21.3m loss a year earlier.
The company’s rank for advice on Japanese mergers and acquisitions fell to ninth last quarter from the top spot a year earlier, data compiled by Bloomberg show. It slipped to second for all of 2012. Nomura was the No. 1 manager of share sales by Japanese companies in the quarter, up from second a year earlier, and was also top for the year.
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