(RTTNews) - Financial services company Nomura Holdings Inc. (NMR: News ) Wednesday, reported a profit for its second-quarter ended September 30, boosted by revenue growth due to diversified geographic mix, as well as strong performance in retail and asset management business. The company also announced a dividend.

The Tokyo, Japan-based group reported quarterly net income attributable to the company of YEN 27.71 billion or YEN 8.87 per share versus a net loss of YEN 72.87 billion or YEN 38.23 per share a year ago.

Nomura's quarterly net revenues surged to YEN 300 billion from YEN 128.06 billion last year.

Improvement in commissions, investment banking fees, interest and dividends, trading gains and other revenues, offset not only a loss from investment in equity securities, but also, a decline in asset management and portfolio services fees, as well as, gain on private equity investment.

On a segmental basis, revenues across retail, global markets, investment banking, asset management divisions surged, outweighing a revenue reduction in merchant banking arm.

Retail segment benefited from consulting based services that lead to higher monthly purchases of YEN 1 trillion spread across bonds, stocks and investment trusts, improved salesperson productivity and growth in retail client assets. Revenues rose to YEN 93.2 billion from prior year's YEN 74.45 billion.

Global markets net revenues shot up to YEN 174.5 billion from negative revenues of YEN 6.53 billion in second-quarter of 2008, helped by client base and flow expansion in U.S., Europe and Asia. Nomura noted that all regions were profitable and its international revenues outgrew its domestic revenues "for the first time ever."
Investment banking division had improved revenues of YEN 20.94 billion versus YEN5.24 billion in the previous year, helped by underwriting services, domestic financial services, as deal pipeline continues to gain traction, enabling diversification of revenues.

Merchant banking services took a massive hit as revenues plunged to YEN 3.86 billion from YEN 20.50 billion, however recorded a profit for the fist time since past four quarters.

Asset management arm booked revenues of YEN 16.64 billion, up from earlier year's YEN 14.71 billion, as market share increased boosted by robust sales of investment trust, with net asset inflow reaching record high in Japanese asset management industry.

Interest expenses more than halved to YEN 55.44 billion from YEN 129.66 million, while non-interest expenses rose to YEN 272.73 billion from YEN 197.45 billion in second quarter 2008.

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