Nomura Holdings Inc (NMR.N)
2 May 2016
TOKYO Japan's biggest brokerage Nomura Holdings posted its first quarterly loss since 2011 on Wednesday and detailed deep cost cuts designed to get its global business back into the black.
* Aims to cut over $700 million from wholesale division by 2018
TOKYO, April 27 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.
* Nomura holdings: to cut wholesale division costs by about 20 percent by March 2020 compared with March 2015 Further company coverage:
TOKYO, April 27 Nomura Holdings Inc, Japan's biggest brokerage, said on Wednesday it slid to its first quarterly net loss since 2011 in its fiscal fourth quarter as its retail division weakened and its overseas operations lost money for a sixth straight year.
* to buy back up to 20 billion yen ($180 million) of shares or 0.9 percent Further company coverage:
April 12 Nomura Holdings Inc is laying off more than two-thirds of its U.S. employees who focus on leveraged buyouts, people familiar with the matter said on Tuesday, as the Japanese bank announced broad strategic changes in Europe and the United States to boost profits.
LONDON/TOKYO, April 12 (IFR/Reuters) - Nomura plans to axe 500-600 staff in Europe and will also cut global markets staff in the US, people familiar with the matter said on Tuesday, as Japan's biggest brokerage tries to stem years of heavy overseas losses.
* Cuts a major blow to Nomura international ambitions (Adds details of Nomura announcement, analyst comment)
April 12 Nomura Holdings Inc : - to cut up to 1,000 jobs in Americas, Europe - Nikkei Source text for Eikon: Further company coverage:
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