Japan's Nomura posts first annual loss in a decade on wholesale business woes

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Japan's Nomura Holdings Inc on Thursday posted a net annual loss of 100.4 b...

FILE PHOTO: A logo of Nomura Holdings is pictured in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai/File Photo

The loss was wider than an average estimate of 81.4 billion yen from seven analysts polled by Refinitiv. “The result was very much disappointing,” Chief Financial Officer Takumi Kitamura told reporters at an earnings briefing, adding that directors’ bonus will not be paid to executives of Nomura Holdings and Nomura Securities.

The wholesale business has been squeezed by lower trading revenue in fixed income. The sizeable loss speaks to the scale of the challenge ahead for Nomura and its CEO Koji Nagai.

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Slowly at first, then all at once

Nomura Loss! 日本 大型 券商 Nomura 报告 虧損 8.97億 美元! 如果对 大型券商 来说很困难,对我们个人 交易 员来说就不那么容易了! 外汇 人民币 美股 澳元 英镑 欧元 外匯 投资 美GDP 超预期 黄金 创新高 特朗普告知OPEC降价,原油 “闪崩”4% 对冲基金 香港 汇率 $usdhkd $usdcny

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