Nomura’s net income falls 32 percent in Q1

Nomura Holdings Inc’s first-quarter profit fell less than analysts estimated as an increase in trading income and a rebound abroad damped the impact of a slump in brokerage commissions. Net income declined 32 percent from a year earlier to 46.8 billion yen ($446 million) in the three months ended June 30, Japan’s biggest securities firm said on Thursday. Nomura said it will buy back up to 2.6 percent of its shares for about 45 billion yen.