Compared to the near-hysteria surrounding the results of Western investment banks, Nomura Securities' consolidated results announcement after the market closed on Friday seemed to generate very little discussion, even though the Japanese investment bank posted its largest ever annual loss. It said its net loss for the 2008 Japanese fiscal year which runs from April 1, 2008, to March 31, 2009 amounted to 709.4 billion $7.22 billion, or more than 10 times the 67.8 billion loss it made in the previous year.
On the English-language analyst call later that day, just one analyst asked questions, while on the Japanese analyst call, there were just three questions.
Standard and Poor's rating agency said in a...
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