Released on: August 14, 2008, 6:23 am

Press Release Author: Lisa Hardcastle

Industry: Financial

Press Release Summary: Private Equity Placement: Nomura stricken by insider dealing
scandal and deteriorating global markets

Press Release Body: Private Equity Placement are thought to be citing a plethora of
woes including scarce M&A deals, the credit crunch and an insider dealing scandal as
the main culprits responsible for a ¥76 billion Q2 net loss revealed by Japan's
largest securities house, Nomura.
As the world's financial markets continue to stumble from one crisis to another,
analysts had largely expected Nomura to post a modest net profit owing to its far
lighter exposure to the CDO woes affecting its European and American counterparts.
Nevertheless, Private Equity Placement are thought to be confident that Japan is
well placed to emerge from the global credit crisis in a firm position to lead Asia
through the global downturn.
Consensus at Private Equity Placement is that the Tokyo market has been adversely
affected by the general decline in sentiment; Japanese companies have issued just
$2.2 billion (£1.2 billion) worth of shares in the first three months of the
financial year - less than half the volume of the same period in 2007.
Even daily trading - another of Nomura's chief sources of revenue - is moribund,
with daily volumes on the Tokyo Stock Exchange now markedly lower than last year.


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Contact Details: Lisa Hardcastle
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