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Article: NOMURA'S PRIVATE-EQUITY OPS CAUSING EARNINGS VOLATILITY.
- Article from:
- AsiaPulse News
- Article date:
- October 29, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Oct 29 Asia Pulse - The earnings volatility of Nomura Holdings Inc. (TSE:8604) is surpassing that of other brokerage firms due to the company's expansion of its private-equity operations, a strategic area, even though Nomura maintains the lead in the industry.
"We will have to take a look at what the information disclosure should be in the future," said Nomura Chief Financial Officer Akira Maruyama, commenting on the impact of the private-equity operations on its balance sheet .
"Private-equity-related loss or profit" is listed on Nomura's profit and loss statement. The firm posted a 6.6 billion yen private-equity-related profit for the fiscal ...