business

Nomura's annual loss swells to Y709.4 billion

Apr. 25, 2009 04:16 am JST 4 Comments

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4 Comments
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kaminarikeizai
Apr. 25, 2009 12:11 pm JST

Thanks to recession shopping in a time of recession. Good luck Nomura Holdings Inc. ;-)

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saborichan
Apr. 25, 2009 01:58 pm JST

Yes, they will be in a nice position if things recover, and the weight of the purchase doesn't sink the boat!

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30061015
Apr. 25, 2009 03:38 pm JST

Among the main causes of the annual loss was 230 billion yen in expenses for acquiring operations... from Lehman Brothers, the storied U.S. investment bank that collapsed last year.

Ouch!!! Thats gotta hurt.

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some14some
Apr. 25, 2009 07:13 pm JST

Buying and crying, why did Nomura acquire toxic assets from Lehman?

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Nomura's annual loss swells to Y709.4 billion