Nomura Holdings reported a significant profit increase in the last quarter, surpassing analysts' expectations, driven by strong performances in wealth management, trading, and investment banking. However, the firm faces challenges due to a trading scandal that has raised concerns about its turnaround strategy. The scandal, which involves allegations of market manipulation, emerged in late September and has led to scrutiny of the company's practices. Additionally, Sumitomo Mitsui has terminated an employee suspected of insider trading, further complicating the landscape for Nomura. Despite these issues, the brokerage's recent earnings reflect a recovery path, although the ongoing scandals threaten to undermine this progress.