By Kosaku Narioka
Nomura Holdings Inc. said Tuesday that it would book a pretax income of 36 billion yen ($326.3 million) in its first quarter ending June 30 from a sale of shares in its affiliate, Nomura Research Institute Ltd.
Nomura Holdings said it sold 14.1 million shares worth Y50.00 billion in Nomura Research's buyback program and it would hold a 27% stake in the consulting and information-technology services affiliate following the sale.
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(END) Dow Jones Newswires