Nomura Holdings Inc. will probably fall into the red in fiscal 2008 with a record group net loss of about ¥700 billion, sources said Thursday.
Nomura is likely to have incurred the massive loss in the year that ended March 31 due to investment losses that swelled amid the worsening global financial turmoil and costs related to taking over part of the failed U.S. investment bank Lehman Brothers Holdings Inc., the sources said.
The red ink also stemmed from growing evaluation losses on securities holdings, they added.