Nomura under Fire from Shareholders for Information Leak

Economy

Tokyo, June 24 (Jiji Press)--Nomura Holdings Inc. <8604> came under fire from shareholders at a meeting on Monday for a recent scandal involving an information leak, as well as a large annual net loss.

Shareholders questioned the responsibility of the current management over the net loss and the leak of information about a Tokyo Stock Exchange review of its listing criteria. Nomura and its Nomura Securities Co. unit received a business improvement order from the Financial Services Agency for the leak.

At the shareholders' meeting in Tokyo, Nomura saw its proposal to reappoint 10 board members approved, including Koji Nagai, president and group chief executive officer.

"We would like to sincerely apologize for causing trouble and concern to our shareholders," Nagai said at the outset of the meeting that lasted for three hours and 11 minutes. It was attended by 618 shareholders.

"I'm determined to bring earnings back on track as early as possible as my own responsibility," Nagai said.

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Jiji Press