April 26, 2018 / 6:12 AM / 7 months ago

Nomura Q4 profit slides 63 pct as retail investor risk appetite falls

TOKYO, April 26 (Reuters) - Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, said on Thursday its fourth-quarter net profit dropped 63 percent as risk appetite among retail clients fell amid volatile markets.

Nomura said in a statement its net profit for the three months ended March was 22.7 billion yen ($207.61 million), versus 61.3 billion yen a year earlier.

Nomura also said it would buy back its own shares worth up to 70 billion yen, or 2.7 percent of its outstanding shares.

$1 = 109.3400 yen Reporting by Thomas Wilson; Editing by Himani Sarkar and Jacqueline Wong

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