Japan's financial services major Nomura Holdings has reported a second quarter profit of 27.72 billion yen ($304 million) against a net loss of 72.87 billion yen ($800 million) in the corresponding period a year-ago.
Net revenue for the quarter stood at 300 billion yen against 128.06 billion yen in the year-ago period. Nomura also declared a dividend of four yen per common share, which is payable on 1 December.
Nomura, which last year bought Lehman Brothers' operations in Asia, Europe and the Middle East, said its operations has been buoyed by strong growth in retail and asset management segments and expansion of its business overseas.
"After one year of combined operations, the acquisitions have been a rounding success. These quarterly results demonstrate the solid performance of our retail and asset management businesses and the expansion of our international revenue base," Nomura president and CEO Kenichi Watanabe said in a statement.
Nomura said pre-tax income in the retail business was 26.4 billion yen, while net revenue stood at 93.2 billion yen.
Its asset management business recorded income before tax of 4.5 billion yen and a net revenue of 16.5 billion yen during the quarter. The company saw net asset inflows of 320 billion yen in the September quarter, the "highest in the Japanese asset management industry".