Report title: Bulletin: Ratings On Nomura Holdings Unaffected By Large Net Losses In Fiscal 2008
from S&P Credit Research
663 word report published Apr 24, 2009

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Abstract: TOKYO (Standard&Poor's) April 24, 2009--Standard&Poor's Ratings Services said today that the massive net losses announced by Nomura Holdings Inc. (BBB+/Stable/A-2) for fiscal 2008 (ended March 31, 2009) would not have a direct impact on the ratings on the company. Nomura today announced consolidated net losses of ¥709 billion for fiscal 2008, which are the largest losses in the company's history. In the fourth fiscal quarter alone (Jan. 1 to March 31, 2009), the company incurred consolidated net losses of ¥217 billion. This was mainly attributable to expenses related to the acquisition of the business units of Lehman Brothers Holdings Inc., as well as impairment losses on investment assets. The latter resulted from an adjustment in fair

Brief Excerpt: RESEARCH Ratings Definitions Bulletin: Ratings On Nomura Holdings Unaffected By Large Net Losses In Fiscal 2008 Publication date: 24-Apr-2009 Primary Credit Analyst: Yuri Yoshida, Tokyo (81) 3-4550-8581; yuri_yoshida@standardandpoors.com...

Report Type: Bulletin
Ticker: 8604@JP
Issuer: Nomura Holdings Inc.
GICS: Investment Banking & Brokerage (40203020)
Sector: Collateralized Debt Obligations, Financial Institutions, Global Issuers, Structured Finance
Country: Japan
Region: United States
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