Japan's largest brokerage, Nomura, reported 709.4 billion yen ($7.3 billion) losses for the fiscal year ended in March 2009, setting the country’s historic fiscal-year loss, while year-ago period revealed 67.8 billion yen loss volume. 

This fiscal year loss surpassed all the expectations. According to data provided by FactSet Research, the market expected 611.6 billion yen net loss for the fiscal year ended 2009, on average.

As Nomura reports, the loss included a one-time trading hit of 150 billion yen, write-downs on Merchant Banking and real estate-related illiquid assets of 150 billion yen, and a 230 billion yen in one-off expenses including costs related to Lehman Brothers purchasing. As for the fourth quarter, company faced net loss of 217.1 billion yen, that was relatively lower against the third-quarter loss of 342.9 billion yen. 

As Nomura’s CEO Chief Executive Officer Kenichi Watanabe reported, the company is "now focused on returning to profitability by leveraging our newly enhanced global franchise and maintaining our tradition of putting our clients at the heart of our business."

Net revenue for the fiscal year dropped to 312.6 billion yen, losing 60%, compared to 787.3 billion yen a year ago. Meanwhile, 341.4 billion yen revenue was anticipated, as FactSet data says.