3 major securities companies 4th quarter financial results down, new corona impact May 8 23:21
With the settlement of accounts of three major securities companies, the number of companies issuing stock decreased due to a sharp drop in stock prices due to the spread of the new coronavirus infection, and the business for corporations did not operate. Revenues such as commission income for 3 months decreased.
With the settlement of accounts for three months from January to March, Nomura Holdings, which is the largest company, had a total revenue of ¥ 237.5 billion, including commission income, which is the sales of general companies. This is a 29% decrease compared to December results.
At the Daiwa Securities Group Inc., revenue for the same period decreased by 11% to 110.6 billion yen, and SMBC Nikko Securities decreased by 5% to 81.7 billion yen.
From January to March, financial markets were confused with the stock price plunging due to the spread of the new coronavirus.
As a result, the number of companies issuing stocks to raise funds decreased, and as a result, there was no business for corporations.
However, before the spread of infection became serious, the Nikkei 225 stock price remained at a high level for the first time in 28 years, and the stock price trend continued. The final year's profits increased for Nomura and SMBC Nikko.