Operator
Good day, everyone, and welcome to today’s Nomura Holdings First Quarter Operating Results for Fiscal Year ended March 2027 Conference Call.
Please be reminded that today’s conference call is being recorded at the request of the hosting company. [Operator Instructions].
Please note that this telephone conference contains certain forward-looking statements and other projected results which involve known and unknown risks, delays, uncertainties and other factors not under the company’s control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these projections. Such factors include economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size, number and timing of transactions.
With that, we’d like to begin the conference. Mr. Hiroyuki Moriuchi, Chief Financial Officer, please go ahead.
Hiroyuki Moriuchi
Executive Officer & CFO
This is Moriuchi , CFO, speaking. I would like to start right away to report the results from Q1 year ending March 2027. In this quarter, all divisions achieved higher revenue and income before income taxes than in the previous quarter and ROE reached 15.4%. We believe the result of the structural reforms implemented over the past few years are now steadily being reflected in our performance and that we are making good progress further 2030