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Earnings Analysis: 
Nippon Steel Net Loss; Nomura Sales Surges 268%
Author: Trupti Mehta
123jump.com
Last Update: 8:09 AM ET April 28 2010



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Nippon Steel Corporation 2009 sales fell 27% to ¥3.49 trillion ad net loss was ¥11.5 billion. Nomura Holdings, Inc 2009 sales rose 268% to ¥1.15 trillion and net profit was ¥67.8 billion or ¥21.59 a share.

 
9:10 PM Tokyo – Japan - Nippon Steel Corporation sales fell 27% ad net loss was ¥11.5 billion. Nomura Holdings, Inc sales rose 268% and net profit was ¥67.8 billion.

Nippon Steel Corporation, the steelmaker said 2009 sales fell 27% to ¥3.49 trillion from ¥4.77 trillion a year ago. Net loss for the year was ¥11.5 billion compared to net profit of ¥155.1 billion or ¥23.71 per share a year ago.

Nippon Steel Corporation, in the last one year traded as high as ¥407.00 in June 2009 and as low as ¥298.00 in October 2009. Based on the yesterday’s closing price of ¥337.00 the company has market cap of ¥2.12 trillion.

Nomura Holdings, Inc, the financial services company said 2009 sales rose 268% to ¥1.15 trillion from ¥312.6 billion a year ago. Net profit for the year was ¥67.8 billion or ¥21.59 per diluted share compared to net loss of ¥708.2 billion or ¥366.16 per share a year ago.

Nomura Holdings, Inc, in the last one year traded as high as ¥934.00 in June 2009 and as low as ¥515.00 in October 2009. Based on the yesterday’s closing price of ¥662.00 the company has market cap of ¥2.43 trillion.
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