Nomura Holdings sees record net loss for fiscal 2008

April 24th, 2009 - 2:47 pm ICT by IANS  

Lehman Brothers Tokyo, April 24 (DPA) Japan’s largest brokerage house, Nomura Holdings Inc, incurred a record net loss for fiscal 2008 that ended 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 also posted a net loss of 67.85 billion yen in fiscal 2007.

The expanded loss was seen to be the largest among Japanese firms for fiscal 2008, according to analysts.

Nomura does not release earnings forecasts for the current business year that began April 1.

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