Nomura Holdings reported a 39% increase in net income for the first quarter, driven by robust performance in its trading division and a surge in wealth management fees.

The Tokyo-based financial giant capitalized on heightened market volatility and record-high stock prices to deliver a strong top-line result, signaling sustained strength in Japan’s brokerage sector.

The trading business emerged as a primary growth engine, benefiting from active market conditions that boosted transaction volumes and execution revenue.

Simultaneously, the wealth management segment saw fee income rise as asset values climbed, reflecting the broader rally in Japanese equities.

This dual-engine performance underscores Nomura’s ability to monetize both market turbulence and long-term asset appreciation.

The results align with the broader recovery in Japanese financials, as the Nikkei 225 continues to extend its record-breaking quarterly rally.