Report title: More Losses Seen At Japan's Brokerage Giants In Fiscal Fourth Quarter, Says S&P Report
from S&P Credit Research
1191 word report published May 01, 2009

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Abstract: TOKYO (Standard&Poor's) May 1, 2009--All three major Japanese securities brokerage groups rated by Standard&Poor's Ratings Services continued to post net losses in the fourth quarter of fiscal 2008 (Jan. 1 to March 31, 2009), though the losses at Daiwa Securities Group Inc. (BBB+/Stable/A-2), and Nomura Holdings Inc. (BBB+/Stable/A-2) were smaller than those seen in the third quarter (Oct. 1 to Dec. 31, 2008), Standard&Poor's said in a Japanese-language report published today. Although Nikko Citi Holdings Inc. (BBB/Watch Neg/A-3) has not disclosed its consolidated financial results for the January-March period (which is the first quarter of its own 2009 fiscal year), Nikko Cordial Securities Inc. (BBB+/Negative/A-2) posted net losses for the quarter. Nevertheless, all three

Brief Excerpt: RESEARCH Ratings Definitions More Losses Seen At Japan's Brokerage Giants In Fiscal Fourth Quarter, Says S&P Report Publication date: 01-May-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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