Nomura’s Profit Falls on Europe Loss, Acquisition Costs

Nomura Holdings Inc.’s profit fell last quarter as a loss in Europe and one-time costs tied to a major acquisition overshadowed revenue growth in wealth management and equities trading.

Net income slid 9.7% from a year earlier to ¥91.6 billion ($595 million) in the fiscal third quarter ended Dec. 31, Japan’s biggest brokerage said in a statement Friday. The company announced a share buyback.