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Nomura Holdings, Inc.
Tokyo, May 18, 2021 - Further to its April 27, 2021, announcement1 , Nomura Holdings, Inc. today announced that it has completed the unwinding of all its positions related to an event involving a loss arising from transactions with a US client that occurred at its subsidiaries, including Nomura Global Financial Products Inc.
On April 27, 2021, Nomura had announced that it expected to book an estimated loss of approximately $570 million in its consolidated financial results for the fiscal year ending March 2022. Nomura will book a loss of approximately $600 million (approximately 65 billion yen2) in the first quarter of the fiscal year ending March 2022.
1 See Update on Loss Arising from Business Activities
2 Translated at the estimated rate of 109.09 yen = 1 US dollar, the average conversion rate for April 1, 2021-May 17, 2021. This rate differs from the rate that will be applied in the fiscal year ending March 2022.
Nomura
Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.