Financial Times FT.com

Nomura benefits from market recovery

By Michiyo Nakamoto in Tokyo

Published: October 28 2009 07:48 | Last updated: October 28 2009 07:48

Nomura unveiled a return to profits for the second quarter running and said it would resume dividend payments as Japan’s leading broker continued to benefit from the recovery in global capital markets.

The Japanese group, which bounced back into the black in the first quarter after suffering a record Y708bn loss in the year to March, on Wednesday reported better-than-expected net profits of Y27.7bn ($303m) for the three months to September compared with a loss of Y72.9bn in the same period a year earlier.

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