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Key Developments: Nomura Holdings Inc (8604.T)

8604.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nomura Holdings Inc - Nomura COO Ozaki: Overseas business will turn profitable by March 2017 - Reuters News
Wednesday, 27 Apr 2016 02:19am EDT 

Nomura Holdings Inc:Nomura Holdings Inc Chief Operating Officer Tetsu Ozaki said on Wednesday that Japan's biggest brokerage is targeting turning a profit in its overseas business by March 2017, as it cuts jobs and operations in Europe and the Americas to end a run of six years of net losses.Ozaki was speaking at a news conference in the capital after Nomura reported it slipped to its first quarterly net loss since 2011 during the January-March quarter, in part because of hefty losses in operations outside Japan.The executive declined to say how many jobs the brokerage is cutting, though the company booked a charge of 16 billion yen ($144 million) to cover redundancy packages.People familiar with the matter previously told Reuters 500-600 jobs would go in Europe, with other cuts in the Americas.  Full Article

Nomura Holdings issues year-end dividend forecast for FY 2016
Wednesday, 27 Apr 2016 02:00am EDT 

Nomura Holdings Inc:Issues year-end dividend forecast of 3 yen per share, for the fiscal year ended March 2016.  Full Article

Nomura Holdings Inc to lay off up to 1000 jobs in U.S. and Europe 8604.T - EFE Ingles
Tuesday, 12 Apr 2016 04:31am EDT 

Nomura Holdings Inc:Nomura Holdings plans to cut upto 1,000 jobs, mainly in Europe and the United States, to reduce costs and improve profitability, economic daily Nikkei reported Tuesday - EFE Ingles.With this downsizing, Nomura will try to soften the losses it has suffered since the beginning of the year due to sharp setbacks suffered by exchanges globally from 2015 as a result of the slowdown in China and emerging economies as well as the instability in crude oil prices.The layoffs would affect analysts, brokers and administrative staff, explained Nikkei.The downsizing comes at a time of lowered estimated profits of the company, which has been operating with below expectations results in the U.S. and European markets.At present, the company, originally founded in Osaka city during the twenties of the last century, employs around 2,500 workers in North and South America and around 3,400 in Europe. EFE.  Full Article

Nomura Holdings Inc to cut jobs in Americas and Europe- WSJ, citing sources - Reuters News
Monday, 11 Apr 2016 07:40am EDT 

Nomura Holdings Inc:Nomura holdings to cut jobs in Americas and Europe-WSJ, citing sources.Nomura job cuts could happen as early as this week,unclear how many jobs will be cut- WSJ.  Full Article

Nomura Holdings to dissolve Nomura Asia Holding N.V.
Thursday, 24 Mar 2016 03:00am EDT 

Nomura Holdings Inc:To dissolve its wholly owned subsidiary Nomura Asia Holding N.V.The liquidation is to be completed on March 31, 2019.  Full Article

Nomura Holdings Inc said to prepare North America job cuts amid trading slump - Bloomberg - Reuters News
Wednesday, 23 Mar 2016 02:10pm EDT 

Nomura Holdings Inc:Nomura Holdings Inc. plans to cut jobs in North America, people with knowledge of the matter said, following competitors from Credit Suisse Group AG to Deutsche Bank AG in trimming operations amid a trading slump. - Bloomberg.The people, who asked not to be identified discussing confidential information, didn’t say which divisions would be affected. Kenji Yamashita, a spokesman for Tokyo-based Nomura, declined to comment.Japan’s biggest brokerage has about 2,500 employees in the Americas, most of whom work in the U.S. and Canada.Cutting jobs in the U.S. would signal a reversal for Chief Executive Officer Koji Nagai, who said as recently as December that the firm has room to boost hiring in the Americas even after losing money there.Wall Street firms are warning that revenue from trading and deals will tumble this quarter as financial markets gyrate and commodity prices drop.Nomura has gone through a series of expansions and contractions outside of Japan over the years.It bought bankrupt Lehman Brothers Holdings Inc.’s European and Asian operations in 2008, only to later pare back operations in the regions after costs and losses swelled following the acquisition.  Full Article

R&I affirms Nomura Holdings's rating at "A+" and announces stable outlook
Tuesday, 22 Mar 2016 02:00am EDT 

Nomura Holdings Inc:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+".Rating outlook stable.  Full Article

Nomura Holdings to acquire 8.42 pct voting power in SHIROKI via Nomura Securities
Tuesday, 1 Mar 2016 02:30am EST 

Nomura Holdings Inc:Decides to acquire 8.42 pct voting power (7,416 voting rights) in SHIROKI CORP via Nomura Securities Co., Ltd.  Full Article

Nomura Holdings' unit acquires 7.55 pct voting power in SUGI HOLDINGS
Tuesday, 23 Feb 2016 02:00am EST 

Nomura Holdings Inc:Says its unit Nomura Securities Co., Ltd. acquires 7.55 pct voting power in SUGI HOLDINGS on Feb. 23.  Full Article

Nomura Holdings Inc - Monte Paschi prosecutors seek charges against 13 bankers - Reuters
Tuesday, 16 Feb 2016 05:43am EST 

Nomura Holdings Inc:Milan prosecutors have asked for 13 former and current managers at Banca Monte dei Paschi di Siena, Nomura and Deutsche Bank to be sent to trial for a series of alleged financial crimes including false accounting, judicial sources said on Tuesday - RTRS.The alleged offences revolve around two complex derivatives trades, known as Santorini and Alexandria, which Monte Paschi's former management arranged with Deutsche Bank and Nomura to conceal losses, the sources said.The case also involves a hybrid financial instrument called Fresh 2008 which Monte dei Paschi used to partly fund the acquisition of rival bank Antonveneta.A court in Milan will now set a date for a preliminary hearing on the case, at the end of which a judge will decide whether or not to lay charges. The sources did not say when the hearing was likely to take place.The alleged crimes relate to the 2008-2012 period and include market manipulation and obstructing supervisory activity as well as false accounting, the sources said.All the managers involved and the banks have previously denied any wrongdoing. Nomura and Monte dei Paschi declined to comment, while it was not immediately possible to reach Deutsche Bank for a comment.Under Italian law, a company can be held responsible if it is deemed that it failed to prevent, or attempt to prevent, a crime by an employee that benefited the company.  Full Article

BRIEF-Hoshino Resorts REIT to issue 179 private placement units

* Says it to issue 179 private placement units at 1,249,594 yen per unit with subscription date of May 23 and payment date of May 24 to Nomura Securities