Japanese brokerage firm Nomura Holdings beat analysts' forecasts in the latest quarter, boosted by stock trading and merger-and-acquisition advice, according to a statement released on Tuesday. Although net income fell 6.4% from the previous year to 921 billion yen ($606 million) in the second fiscal quarter ended September 30, it exceeded the average estimate of three analysts of 701 billion yen. The company's CEO, Kentaro Okuda, is trying to maintain the profit recovery that led to record profits last year, supported by a strong Japanese stock market and a boom in retail investment.
