Nomura Holdings Q4 profit falls 26 percent; beats estimates

TOKYO, April 30 Wed Apr 30, 2014 2:37am EDT

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TOKYO, April 30 (Reuters) - Nomura Holdings, Japan's biggest investment banking and brokerage group, reported a 26 percent fall in quarterly profit as waning enthusiasm over economic stimulus policies brought down stock trading volumes.

Nomura, in a statement on Wednesday, said net profit totalled 61.3 billion yen ($597.76 million) in January-March from 82.4 billion yen in the same quarter a year earlier.

The result compared with the 41 billion yen mean estimate of 5 analysts polled by Thomson Reuters.

Shares of Nomura closed 2.7 percent lower ahead of the release, compared with a 0.1 percent gain in the benchmark . (Reporting by Ritsuko Ando and Nathan Layne; Editing by Christopher Cushing)

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