TOKYO, Oct 27 - Nomura Holdings , Japan's biggest brokerage and investment bank, reported a doubling in second-quarter net profit after a buoyant domestic stock market led to a surge in equity offerings and retail brokerage fees.
July-September profit came in at 35.2 billion yen , rebounding from last year when a sharp downturn in global financial markets battered its asset management and investment banking businesses. As a result, Nomura's investment banking business saw a 19% increase in net revenue due to robust equity offerings and active dealmaking in Japan.
Japan was the only major market in the world this year to log M&A growth with the value of deals involving Japanese companies up 14% at $111 billion for the first nine months of 2023, according to data compiled by LSEG.
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