The pre-tax income from Nomura’s wholesale segment has dropped 30% to JPY64.3 billion (US$591m) in the FY20/21 ended in March year-on-year (YoY) after the Japanese bank booked a loss of US$2.3 billion arising from Archegos Capital Management, which it referred to as a ‘US client’ in its financial statements.
The largest brokerage in Japan has also estimated an additional loss of US$570 million from the family office collapse as of 23 April, which will be recorded in its consolidated results for the FY21/22. This adds up to a total blow of nearly US$2.9 billion at Nomura, higher than the US$2 billion it first flagged on 29 March, taking the second-hardest hit after Credit Suisse’s CHF4.4 billion loss. Until today, Nomura has offloaded over 97% of its outstanding posit
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