UPDATE 3-Mega fundraising by Japan Inc hands Nomura profit

martes 2 de febrero de 2010 12:27 CET

* Nomura's underwriting fees jump on share offering surge

* Nomura controlled 42 pct of equity underwriting market

* Trading gains less than half that of previous quarter

* Shares up 3.8 pct before results, down 15 pct past 6 mths (Recasts, adds analyst comment)

By Junko Fujita

TOKYO, Feb 2 (Reuters) - Nomura Holdings (8604.T: Cotización) reported its third straight quarterly profit on a jump in fees to manage fundraising by Japanese companies, in a sign its earnings recovery and global expansion plans are on a solid footing.

Nomura, which has expanded in Europe and Asia after buying those regional operations of failed U.S. investment bank Lehman Brothers, is also building its presence in the United States by drawing on the $7 billion in capital it raised last year.

Japan's largest broker, led by Chief Executive Officer Kenichi Watanabe, earned a 10.2 billion yen ($113 million) net profit for the October-December third quarter, a big swing from a 342.9 billion yen loss a year earlier when costs related to the Lehman acquisition peaked.

The result, while short of the 26 billion yen average profit estimate from three analysts surveyed by Thomson Reuters I/B/E/S and depressed by a slowdown in its trading operations, shows Nomura has turned the corner on the Lehman deal.   Continuación...