Nomura posted a $7.3 Billion USD loss for fiscal 2008, blaming some of the loss on one time expenses related to their acquisition of Lehman Brothers. However, between the 3rd and 4th quarter, its net loss decreased from 342.9 Billion Yen to 217.1 Billion Yen.
Nomura closed its purchased Lehman's Europe, Asia, and Middle East operations in October. It plans to expand an Investment Banking division globally. However, further deterioration in the financial markets led to job cuts.
Nomura purchased part of former Lehman Brothers for $2 billion USD. However, it lost 72.9 billion yen its latest quarter and now seeks to raise new capital. Japan's largest asset manager and investment bank likely will issue subordinated loans to life insurance and trading houses in Japan.