Japan's top brokerage firm Nomura Holdings Inc is likely to log a record net loss of $7.1 billion, in the year to March end, a report said today.
The loss stemmed partly from evaluation losses on commercial real estate, loans and shareholdings, as well as write-downs on inventories of securities for sale to investors, the daily Nikkei said.
The group's labour costs also increased after it bought major chunks of fallen Wall Street titan Lehman Brothers, the paper said.
Nomura did not confirm the report, saying it would announce results for the fourth quarter and the full year to March end on Friday.
Eyeing a global presence, Nomura last year snapped up Lehman's operations in Asia, Europe and the Middle East after the Wall Street investment bank became the most visible corporate casualty of the financial crisis.
Nomura incurred a net loss of 342.9 billion yen in the third quarter to December due to the impact of the financial crisis and the cost of buying the Lehman Brothers units.
