Poor results at Nomura's global units cripple company's worldwide ambitions

Article Abstract:

Nomura Securities Company Ltd. embarked on an ambitious global expansion program in the 1980s in an effort to become a major player in the world's top stock markets. However, the company recently announced that its foreign operations have been performing poorly to the extent that the Japanese parent company's own meager profits are not enough to offset losses. Observers believe Nomura's main problem lies in shortsightedness and lack of planning.

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Promises of a revolution: Nomura faces change with Ujiie as president

Article Abstract:

Junichi Ujiie's appointment as Nomura Securities Company Ltd.'s new president will trigger revolutionary changes in the company. Ujiie is the youngest among Nomura's presidents since 1948 and his credentials are unmatched among Japan's chief executives' circle. He promises to do away with the current bureaucratic set-up at Nomura which he says is responsible for the firm's troubles. Nomura suffered losses amounting to $721.8 M in 1996.

Officials and employees, Appointments, resignations and dismissals, Ujiie, Junichi

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CS First Boston to cease selling stocks in Japan

Article Abstract:

CS First Boston (Japan) Ltd. announced plans to discontinue with equity-sales activities in line with the company's restructuring effort. Company officials declined to reveal how many staff members would be laid off as a result of the closure but company sources speculated that as many as 86 people could lose their jobs. CS First Boston is the fourth New York City-based stock brokerage to scale down operations in Japan.

CS First Boston (Japan) Ltd.

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