Investing.com -- Nomura Holdings (NYSE: NMR ), Japan’s leading investment bank and brokerage, on Friday reported a 27% increase in net profit for the fourth quarter.

The rise in profit is primarily due to growth in its investment management and wealth management sectors.

The company disclosed a net profit of 72 billion yen ($501.15 million) for the January-March period.

This figure is significantly higher than the 56.8 billion yen reported for the same period the previous year.

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