Brokerage giant Nomura Holdings Inc. said Friday its group pretax profits for the April-June quarter plunged 65.3 percent from a year earlier to 18.37 billion yen.
Nomura attributed the decline to a drop in stock brokerage commissions.
Although group net profits rose 350.8 percent to 117.85 billion yen, the gains came mostly through accounting method revisions, Nomura said.
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