All 18 Major Brokerages in the Black In April-June Quarter

The 18 major brokerages all reported net profits for the April-June quarter on a stock recovery and more fundraising by corporations.

Nomura Holding Inc., Japan's number one securities house, posted a group net profit of $114 million in the April-June period, the first positive figure in six quarters. Daiwa Securities Group Inc. also returned to positive territory for the first time in four quarters with a net profit of $178 million. Likewise, Nikko Cordial Securities Inc. showed a net profit of $82 million for that period. Mizuho Securities Co. logged a net profit of $1.3 billion, the largest among them, due to its merger with Shinko Securities Co. in May, lifting its bottom line by $1.1 billion.