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Nomura COO Ozaki: Overseas business will turn profitable by March 2017
2016年4月27日 / 上午9点52分 / 1 年内

Nomura COO Ozaki: Overseas business will turn profitable by March 2017

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TOKYO, April 27 (Reuters) - Nomura Holdings Inc Chief Operating Officer Tetsu Ozaki said on Wednesday that Japan's biggest brokerage is targeting turning a profit in its overseas business by March 2017, as it cuts jobs and operations in Europe and the Americas to end a run of six years of net losses.

Ozaki was speaking at a news conference in the capital after Nomura reported it slipped to its first quarterly net loss since 2011 during the January-March quarter, in part because of hefty losses in operations outside Japan.

The executive declined to say how many jobs the brokerage is cutting, though the company booked a charge of 16 billion yen ($144 million) to cover redundancy packages. People familiar with the matter previously told Reuters 500-600 jobs would go in Europe, with other cuts in the Americas.

($1 = 111.2700 yen)

Reporting by Thomas Wilson; Writing by Kenneth Maxwell; Editing by Edwina Gibbs

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