Nomura rosy on higher fee income

TOKYO: Nomura Holdings Inc, Japan's largest brokerage, posted its first profit in six quarters thanks to a surge in stock underwriting fees and trading income.

Japanese companies have dashed to sell shares to strengthen capital eroded during the financial crisis, and a swing in bond prices and yields has boosted fixed-income trading.

The brokerage also benefited from an easing of the costs of its integration with Lehman Brothers.