TOKYO ( TheStreet) -- Japan's top brokerage Nomura ( NMR) reported its first profit in six quarters as global markets rebounded and its retail and asset management businesses generated stable revenue.

Nomura reported fiscal first-quarter earnings of 11.4 billion yen ($121.1 million). The loss a year earlier was a record 76.6 billion yen after the company incurred costs related to buying parts of Lehman Brothers.

"While market conditions remain uncertain, we are making steady progress towards our objective of achieving a full-year profit," said CEO and President Kenichi Watanabe, in a statement Wednesday.

Net revenue in the quarter more than doubled to 298.4 billion yen.

Reported by Joseph Woelfel in New York.

If you liked this article you might like

Stock Picks to Take Advantage of the World's Most-Attractive Emerging Markets

These Property Stocks Are Outperforming, as Hang Seng and Real Estate Both Crest to Highs

A Profitable Play on Southeast Asia's Convenience Stores

Ex-Nomura Trading Chief 'Lied' to Customers About Bond Prices, SEC Says

China Takes a Bite Out of Apple; Foreign Tech Companies Fret