SMBC Nikko Securities announced that due to the effects of market manipulation incidents by executives, there was a move to cancel trading of stocks and bonds among customers, leading to a decrease in sales of about 10 billion yen.
At SMBC Nikko Securities, executives and corporations have been charged with market manipulation for violating the Financial Instruments and Exchange Act, alleging fraudulent transactions to prevent the stock prices of certain stocks from falling.
SMBC Nikko Securities announced on the 28th that it announced in its financial results until March that the impact of the incident led to a decrease of about 10 billion yen in net operating revenue, which is sales.
He explained that this was due to a series of movements among customers to remove them from the lead underwriter of corporate bond issuance and to cancel the trading of stocks and bonds.
In addition, due to the worsening situation in Ukraine, there was a move to refrain from trading among investors, and commission income decreased. As a result, the sales of the entire group for the year to March were 6.6 from the previous year. % Decreased.
Shinsuke Ushijima, Managing Executive Officer of SMBC Nikko Securities, said, "We expect that the impact of the incident will be to some extent this year as well. The market environment is also volatile and the future is difficult to read."