Report title: Japan's Brokerage Giants Show Signs Of Recovery In First Fiscal Quarter, Says S&P Report
from S&P Credit Research
819 word report published Aug 04, 2009

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Abstract: TOKYO (Standard&Poor's) Aug. 4, 2009--The financial performance of both retail and wholesale brokerage businesses at Japan's three major securities brokerage groups rated by Standard&Poor's Ratings Services recovered in the first quarter of fiscal 2009 (April 1, 2009, to June 30, 2009), Standard&Poor's said in a Japanese-language report published today. The improvement was due to a rebound in stock and credit markets and an increase in the underwriting of public stock offerings. In the first quarter, Nomura Holdings Inc. (BBB+/Stable/A-2) and Daiwa Securities Group Inc. (BBB+/Stable/A-2) posted net profits for the first time in six quarters and four quarters, respectively. Although Nikko Citi Holdings Inc. (BBB/Watch Neg/A-3) and its wholesale brokerage unit, Nikko Citigroup Ltd.

Brief Excerpt: RESEARCH Ratings Definitions Japan's Brokerage Giants Show Signs Of Recovery In First Fiscal Quarter, Says S&P Report Publication date: 04-Aug-2009 Primary Credit Analyst: Yuri Yoshida, Tokyo (81) 3-4550-8581; yuri_yoshida@standardandpoors.com...

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