Nomura Holdings sees record net loss for 2008-09 (Lead)April 24th, 2009 - 3:22 pm ICT by IANS
Tokyo, April 24 (DPA) Japan’s largest brokerage house, Nomura Holdings Inc, incurred a record net loss for the year ended March March 31, the firm said Friday.
The record loss amounted to 709.44 billion yen ($7.24 billion) after the firm was hit hard by the global financial turmoil and the burden of taking over part of the US investment bank Lehman Brothers Holdings Inc in September last year.
Nomura had posted a net loss of 67.85 billion yen in 2007-08.
The expanded loss was seen to be the largest among Japanese firms last fiscal, according to analysts.
Nomura does not release earnings forecasts for the current business year that began April 1.
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