Nomura profit falls 24% due to sluggish trading activity

Nomura - 3Q15 net profit of JPY 35.4bn ($294m), down 24% YoY, partly due to sluggish trading activity amid the uncertainty of global markets.

TOKYO--Net profit at Nomura Holdings Inc. dropped 24% in the October-December period from the previous quarter in part due to sluggish trading activity amid the uncertainty in global markets.

Japan's biggest brokerage firm said Tuesday its fiscal third-quarter net profit tumbled to Y35.4 billion ($294 million) from Y46.6 billion in the July-September period.