SMBC Nikko Securities reported that the final profit and loss for the three months up to last month was after 2009 due to a series of movements to cancel stock and bond transactions among customers due to the influence of market manipulation cases by executives. It was revealed that it became the largest deficit.
According to SMBC Nikko Securities' financial results for the three months up to last month announced on the 28th, net operating revenue, which is sales, decreased by 36.3% from the same period of the previous year to 56,222 million yen.
In addition, the final profit and loss was a deficit of 3,643 million yen, and the width of the deficit was the largest for three months since it became a subsidiary of Sumitomo Mitsui Financial Group in 2009.
This is mainly due to a series of movements to remove corporate bond issuance from the lead managing underwriter among individual clients and corporations, and to cancel stock and bond transactions in response to market manipulation cases by executives. It is said that the instability of the market due to the situation in Ukraine also had an effect.
Shinsuke Ushijima, Managing Executive Officer of SMBC Nikko Securities, said, "I regret that the impact of the incident was so great that I could not provide services to customers and could not meet expectations and trust. Is expected to continue. "