Nomura Holdings, Inc. (NMR)
F4Q12 Earnings Call
April 27, 2012 12:00 pm ET
Takumi Shibata - Group COO; Chairman and CEO, Wholesale
Junko Nakagawa - CFO
Masao Muraki - Deutsche Bank
Natsumu Tsujino - JPMorgan Securities
Jun Shiota - Daiwa Capital Markets
Sasaki - Mitsubishi UFJ Morgan Stanley Securities
Mitsumasa Okamoto - Merrill Lynch
Takehito Yamanaka - Credit Suisse
This is Takumi Shibata, Group COO. I was able to rearrange my schedule today to join the call and because I'm attending, some of you may think that we are going to make an important announcement. Well, don't worry, we are not going to. As we did on the call last quarter, I will first say a few words and then hand over to our CFO, Mr. Junko Nakagawa to discuss the highlights of our fourth quarter and full-year result and after that we will take your question.
In the fourth quarter, all business divisions were profitable on a pretax basis for the second straight quarter. Revenues and pretax income increased both quarter on quarter and year on year. Retail booked a strong increase in revenues compared to the previous quarter, as we further enhanced our product offerings and responded to the needs of our diversified client base.
Asset Management reports a rise in assets under management and delivered stable revenues. Wholesale reported higher revenues and pretax income on robust client flows and trading, in both fixed income and equities. Investment Banking continued to execute across border global transactions.