Japan's Nomura Q1 net profit jumps on strong Japan stock market

TOKYO : Nomura Holdings Inc, Japan's biggest brokerage and investment bank, on Tuesday reported a jump in first-quarter net profit as Japan's strong stock market performance helped drive its investment management business.

April-June profit came in at 23.33 billion yen versus 1.696 billion yen a year earlier, when fears of slowing global economic growth sent financial markets into a tailspin and forced investment portfolio writedowns at Nomura.

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Panasonic Q1 profit rises 42%, in line with market expectationsTOKYO : Japan's Panasonic Holdings on Monday posted a 42 per cent rise in first-quarter profit to 90.37 billion yen ($636 million), largely matching analysts' estimates.Operating profit for the three months to end-June compared with an average estimate of 91.18 billion yen in a poll of 11 analysts by Refi
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