ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Nomura books massive impairment charges as global investments sour

'No more rosy forecasts' company says, as it writes off Lehman and Instinet purchases

The Lehman Brothers headquarters in New York is seen September 10, 2008. Nomura's effort to transform into a global financial institution has been an uphill climb.   © Reuters

TOKYO -- Nomura Holdings took a 101.2 billion yen ($930 million) consolidated net loss for the nine months through December, the company announced Thursday, as deteriorating profitability in the wholesale segment forces it to write off global investments, including the overseas operations of Lehman Brothers purchased a decade ago.

The loss is the Japanese financial services company's worst since April-December 2008, in the wake of the global financial crisis, when it took a 492.3 billion yen loss. Nomura booked a net profit of 196.6 billion yen for the same period last year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more