Nomura Holdings

Nomura Holdings

Shares Drop More Than 7% After Posting 76% Profit Drop

Japan's biggest brokerage, Nomura Holdings Inc, saw a sharp fall in quarterly net profit due to worries about a global banking crisis that roiled markets and hit its investment banking business. As a result, Nomura shares dropped more than 7% early on Thursday.

The company posted a 76% profit drop, which caused concern among investors. However, Nomura Holdings remains optimistic about its future prospects and is taking steps to address the challenges it faces.

Despite the recent setback, Nomura Holdings is a major player in the financial industry and is expected to continue to be a key player in the years to come.