<p>[东京] 野村控股的股价下跌，因为其第四季度利润未能达到分析师的预期，原因是减值和欧洲的亏损。</p>
<p>在周五（4 月 24 日）市场收盘后发布的结果掩盖了日本最大经纪公司连续第二年创下的记录收益。对其研究附属公司和一家林业公司的投资减值与其财富管理、交易和投资银行业务的其他稳健业绩形成对比。</p>
<p>周一早上，股价在东京下滑了最多 6.5%，今年以来已下跌超过 4%，与基准的东证指数 9.7% 的上涨形成对比。在截至 3 月 31 日的三个月内，净收入同比增长 2.7%，达到 739 亿日元（约合 5.92 亿新元），未能达到分析师预期的 989 亿日元。</p>
<p>这些结果可能会重新引发人们对野村持续盈利能力的质疑，即使其全年利润达到了 3621 亿日元的历史新高。野村一直受益于全球市场的波动以及国内投资和交易的繁荣。未来几个季度可能会对首席执行官奥田健太郎构成考验，因为伊朗战争对全球经济造成了压力。</p>
<p>“关于盈利稳定性的担忧可能会出现，” 瑞银集团东京的分析师庭和一表示。虽然结果确认了财富和批发业务的稳健盈利，但 “投资者可能会担心一次性事件的出现，例如来自附属公司的利润贡献减弱和对投资公司股权的减值损失。”</p>
<p>庭和一表示，批发部门的固定收益收入也未能达到瑞银的预期，而 “成本似乎已经超出预期”。</p>
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<p>上个季度的结果受到附属公司股权收益中 60 亿日元亏损的影响，以及与 “经济对冲” 交易相关的 29 亿日元亏损。</p>
<p>特别是，该公司在野村研究所（NRI）约 20% 的股份受到影响，因为该咨询公司在澳大利亚和北美记录了约 970 亿日元的减值损失。NRI 的股价周一下跌了最多 11%。</p>
<p>与此同时，野村的欧洲业务出现了 138 亿日元的税前亏损，成本激增。这是该公司在该地区连续第二次亏损，此前其在数字资产市场的业务受到挫折。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/59ae0a14f3fe03e924ed17926f35c2898bb0ef2eeea6ad440a6a04427ebe2d0c/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/59ae0a14f3fe03e924ed17926f35c2898bb0ef2eeea6ad440a6a04427ebe2d0c/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>野村在日本市场反弹中创下年度利润新高</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/96389895ae980755f8d130457160714878685fb33c74f41db630ab48b7f4000b/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/96389895ae980755f8d130457160714878685fb33c74f41db630ab48b7f4000b/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>野村在亚洲招聘外汇交易员，押注高波动性将推动需求</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/7ed93413534b1bdd964bc6163d66a492f6875eff18d565eaf6f30b1e9f0c85db/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/7ed93413534b1bdd964bc6163d66a492f6875eff18d565eaf6f30b1e9f0c85db/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>野村将在创纪录的年度利润仍在视野中时回购股票</h3>
<p>首席财务官森内宏之表示，由于中东局势，该公司在第四季度的美国宏观交易业务变得更加保守。他表示，如果冲突持续，经济和金融业务将受到影响。</p>
<p>森内表示，已经有一些交易被推迟，尽管仍有许多并购和股本市场交易在筹备中。彭博社</p>
<p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯，送达您的邮箱，免费。</p>

8604

<p>野村控股的股价在其第四季度利润因减值和欧洲亏损未能达到分析师预期后下跌。净收入增长了 2.7%，达到 739 亿日元，未能达到预期的 989 亿日元。尽管全年利润创下纪录，但这一结果引发了对盈利稳定性的担忧。该股在东京下跌了 6.5%，与东证指数上涨 9.7% 形成对比。分析师指出，来自关联公司的利润贡献和减值损失可能存在问题，而该公司的欧洲业务报告了 138 亿日元的税前亏损</p>

<p>[TOKYO] Nomura Holdings shares fell after its fourth-quarter profit missed analysts’ estimates, due to writedowns and a loss in Europe.</p>
<div class="lb-trans"><p>[东京] 野村控股的股价下跌，因为其第四季度利润未能达到分析师的预期，原因是减值和欧洲的亏损。</p>
</div><p>The results released after the market closed on Friday (Apr 24) overshadowed a second straight year of record earnings for Japan’s biggest brokerage. Impairments on its stakes in its research affiliate and a forestry company contrasted with otherwise solid results from its wealth management, trading and investment-banking operations.</p>
<div class="lb-trans"><p>在周五（4 月 24 日）市场收盘后发布的结果掩盖了日本最大经纪公司连续第二年创下的记录收益。对其研究附属公司和一家林业公司的投资减值与其财富管理、交易和投资银行业务的其他稳健业绩形成对比。</p>
</div><p>The shares slid as much as 6.5 per cent in Tokyo on Monday morning, and are now down more than 4 per cent this year, contrasting with the benchmark Topix’s 9.7 per cent advance. Net income rose 2.7 per cent from a year earlier to 73.9 billion yen (S$592 million) in the three months ended Mar 31, missing analysts’ estimates for 98.9 billion yen.</p>
<div class="lb-trans"><p>周一早上，股价在东京下滑了最多 6.5%，今年以来已下跌超过 4%，与基准的东证指数 9.7% 的上涨形成对比。在截至 3 月 31 日的三个月内，净收入同比增长 2.7%，达到 739 亿日元（约合 5.92 亿新元），未能达到分析师预期的 989 亿日元。</p>
</div><p>The results may renew questions about Nomura’s ability to deliver consistent earnings, even after full-year profit hit an all-time high of 362.1 billion yen. Nomura has been benefiting from volatile global markets and a boom in investing and dealmaking at home. The coming quarters may provide a test for CEO Kentaro Okuda as the Iran war puts a strain on the global economy.</p>
<div class="lb-trans"><p>这些结果可能会重新引发人们对野村持续盈利能力的质疑，即使其全年利润达到了 3621 亿日元的历史新高。野村一直受益于全球市场的波动以及国内投资和交易的繁荣。未来几个季度可能会对首席执行官奥田健太郎构成考验，因为伊朗战争对全球经济造成了压力。</p>
</div><p>“Concerns are likely to arise over earnings stability,” said Koichi Niwa, an analyst at UBS Group in Tokyo. While the results confirmed solid earnings for wealth and wholesale businesses, “investors could be concerned about the emergence of one offs, such as weaker profit contributions from affiliates and impairment losses on equity stakes in investees”.</p>
<div class="lb-trans"><p>“关于盈利稳定性的担忧可能会出现，” 瑞银集团东京的分析师庭和一表示。虽然结果确认了财富和批发业务的稳健盈利，但 “投资者可能会担心一次性事件的出现，例如来自附属公司的利润贡献减弱和对投资公司股权的减值损失。”</p>
</div><p>Niwa said fixed-income revenue in the wholesale division also fell short of UBS’s expectations, while “costs seem to have run ahead”.</p>
<div class="lb-trans"><p>庭和一表示，批发部门的固定收益收入也未能达到瑞银的预期，而 “成本似乎已经超出预期”。</p>
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<div class="lb-trans"><h3>在新的全球秩序中导航亚洲</h3>
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</div><p>Last quarter’s results were marred by a six billion yen loss in equity in earnings of affiliates, along with a 2.9 billion yen loss related to “economic hedging” transactions.</p>
<div class="lb-trans"><p>上个季度的结果受到附属公司股权收益中 60 亿日元亏损的影响，以及与 “经济对冲” 交易相关的 29 亿日元亏损。</p>
</div><p>In particular, the firm’s roughly 20 per cent shareholding in Nomura Research Institute (NRI) was impacted as the consulting company recorded about 97 billion yen of impairment losses in Australia and North America. NRI shares fell as much as 11 per cent on Monday.</p>
<div class="lb-trans"><p>特别是，该公司在野村研究所（NRI）约 20% 的股份受到影响，因为该咨询公司在澳大利亚和北美记录了约 970 亿日元的减值损失。NRI 的股价周一下跌了最多 11%。</p>
</div><p>Meanwhile, Nomura’s European operations posted a 13.8 billion yen pretax loss, as costs swelled. It was the company’s second straight loss from the region, after its operations there were hit by a setback in the digital-asset market in the previous quarter.</p>
<div class="lb-trans"><p>与此同时，野村的欧洲业务出现了 138 亿日元的税前亏损，成本激增。这是该公司在该地区连续第二次亏损，此前其在数字资产市场的业务受到挫折。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另见</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/59ae0a14f3fe03e924ed17926f35c2898bb0ef2eeea6ad440a6a04427ebe2d0c/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/59ae0a14f3fe03e924ed17926f35c2898bb0ef2eeea6ad440a6a04427ebe2d0c?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Nomura posts record full-year profit on Japan market rebound</h3>
<div class="lb-trans"><h3>野村在日本市场反弹中创下年度利润新高</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/96389895ae980755f8d130457160714878685fb33c74f41db630ab48b7f4000b/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/96389895ae980755f8d130457160714878685fb33c74f41db630ab48b7f4000b?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Nomura hires FX traders in Asia on bet high volatility to drive demand</h3>
<div class="lb-trans"><h3>野村在亚洲招聘外汇交易员，押注高波动性将推动需求</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/7ed93413534b1bdd964bc6163d66a492f6875eff18d565eaf6f30b1e9f0c85db/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/7ed93413534b1bdd964bc6163d66a492f6875eff18d565eaf6f30b1e9f0c85db?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Nomura to buy back shares as record annual profit still in sight</h3>
<div class="lb-trans"><h3>野村将在创纪录的年度利润仍在视野中时回购股票</h3>
</div><p>Chief financial officer Hiroyuki Moriuchi said that the firm became more conservative in its US macro trading business in the fourth quarter due to the Middle East situation. He said that the economy and financial businesses would be hit if the conflict gets protracted.</p>
<div class="lb-trans"><p>首席财务官森内宏之表示，由于中东局势，该公司在第四季度的美国宏观交易业务变得更加保守。他表示，如果冲突持续，经济和金融业务将受到影响。</p>
</div><p>Already, some deals have been delayed, though there are plenty of mergers and acquisitions and equity capital market transactions in the pipeline, Moriuchi said. BLOOMBERG</p>
<div class="lb-trans"><p>森内表示，已经有一些交易被推迟，尽管仍有许多并购和股本市场交易在筹备中。彭博社</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯，送达您的邮箱，免费。</p>
</div>

野村股票因研究附属公司的减记和欧洲业务亏损而受到冲击