Nomura May Raise More Capital Before Expected Loss, Jiji Says

By Finbarr Flynn

Nov. 22 (Bloomberg) -- Nomura Holdings Inc., Japan’s largest securities firm, may raise several hundred billion yen of additional capital by March, Jiji Press reported, without saying where it obtained the information.

Nomura is seeking to boost its financial base before the company reports an expected loss for the full-year ending March 31, Jiji said.

The Tokyo-based company will probably sell subordinated debt to raise the capital and has already contacted insurance companies about the plan, Jiji said.

Nomura sent a statement to the Tokyo Stock Exchange today, which read in whole: “Nothing had been decided in relation to the news reports concerning our capital policy.”

To contact the reporter on this story: Finbarr Flynn in Tokyo at fflynn3@bloomberg.net