Nomura's equities traders outshone their fixed income counterparts for the first time in five years over the three months to June 30, helping more than treble pre-tax profits at the bank's wholesale division from a year ago.

The Japanese bank, in a presentation published on July 29 alongside its results for the fiscal first quarter - the three months to June 30 - said revenues from equity sales and trading were ¥92.1 billion ($745.7 million). This figure was up around 39% from a year ago as the business sustained its growth momentum on the back of a "rally in China and Hong Kong markets and improved trading in Emea".