Nomura Reports Fourth Quarter Net Loss of $173 Million

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Nomura Reports Fourth Quarter Net Loss of $173 Million

Postby » Tue Apr 26, 2016 9:25 am

Japan’s biggest brokerage, Nomura Holdings Inc, announced today that it has slipped into its first quarterly net loss since 2011 as its wholesale division fell into the red, its retail division weakened and its overseas operations lost money for the sixth year in a row.

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Just two weeks after warning it would cut some overseas jobs and operations, data provided by Reuters revealed that Nomura recorded a fourth-quarter net loss of 19.2 billion yen ($173 million), compared ... (read more)

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