Nomura Holdings Full-year Profit Nearly Doubles - Quick Facts

(RTTNews) - Financial services provider Nomura Holdings Inc.'s (NMR) annual net income attributable to shareholders surged to 213.59 billion yen from the prior year's 107.23 billion yen, with earnings per share climbing to 55.81 yen from 28.37 yen last year.

Net revenue for the year ended March 2014 slipped to 1.56 trillion yen from last year's 1.81 trillion yen.

In addition, Nomura's Nomination Committee resolved to submit a proposal to the 110th annual meeting of shareholders to be held on June 25, 2014, for eleven nominees. Of the eleven Directors, two director nominees, Koji Nagai and Atsushi Yoshikawa, concurrently serve as Executive Officers, and the other nine are Non-Executive Director nominees, with six Outside Director nominees.

Further, the company's board has approved a resolution to set up a share buyback program, which would run from May 19, 2014, through July 25, 2014, and have an upper limit of 100 million common shares of Nomura Holdings, or 2.6 percent of outstanding shares. Of this, nearly 44 million shares are likely to be used for stock options. The shares would be purchased on the stock exchange through a trust bank.

Separately, Nomura announced that it would issue Stock Acquisition Rights in early June 2014. Also, in a separate press release, the firm declared a year-end dividend of 9 yen per share to shareholders of record as of March 31, 2014, payable on June 2, 2014.