TOKYO (Reuters) -Japan's largest brokerage and investment bank Nomura Holdings ( NMR ) reported on Tuesday a 6% drop in net profit over the July-September quarter.

Nomura made a net profit of 92.1 billion yen ($610.82 million) over the period, compared with a gain of 98.4 billion yen over the same period a year prior.

The results were lifted by a strong performance in Nomura's wholesale business, where record equity trading revenue coincided with an uptick in dealmaking and equity raising activity as the fallout from U.S. President Donald Trump's tariff announcements in April settled.

However, net profit fell year on year as sales in Nomura's wealth management division declined, with stock sales down 9% due to investors taking to the sidelines while Japanese equity indexes notched record highs.

The results underline the recovery of Nomura's wholesale business, where earnings had for many years been subject to market swings, but in recent quarters has recorded more consistent profits.

($1 = 150.7800 yen)

(Reporting by Anton Bridge; Editing by Jacqueline Wong and Mrigank Dhaniwala)