Japan's Nomura posts drop of 51% in Q2 profit

Credit: REUTERS/CARLO ALLEGRI

Japan's biggest brokerage and investment bank, Nomura Holdings Inc, posted on Wednesday a drop of 51.2% in second-quarter net profit on the year.

TOKYO, Oct 28 (Reuters) - Japan's biggest brokerage and investment bank, Nomura Holdings Inc 8604.T, posted on Wednesday a drop of 51.2% in second-quarter net profit on the year.

July-September profit came in at 67.6 billion yen ($645.65 million), down from 138.6 billion yen a year earlier. That compared with the 58.95 billion average of two analyst estimates compiled by Refinitiv.

($1=104.7000 yen)

(Reporting by Takashi Umekawa)

((Takashi.Umekawa@thomsonreuters.com;))

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