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