Nomura Posts Record Full-Year Profit on Japan Market Rebound

Nomura Holdings Inc. cemented a second straight year of record profit, fueled by Japan’s financial-market recovery, even after fourth-quarter results missed analysts’ expectations.

Net income rose 2.7% from a year earlier to ¥73.9 billion ($463 million) in the three months ended March 31, the Tokyo-based company said Friday. That missed the ¥98.9 billion average of four analyst estimates compiled by Bloomberg News. Full-year profit hit an all-time high of ¥362.1 billion.