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Topic: Nikko Securities

	Recommendation of Administrative Complaints Based Upon Result of Inspection by Securities and Exchange Surveillance ... (Site not responding. Last check: 2007-09-30)
		Nikko Asset Management sincerely apologizes that the incident which led to the recommendation may cause the customers and parties concerned great anxiety and inconvenience.
		For the investors who placed purchase orders through a certain securities company, Nikko Asset Management absorbed the differences of the purchase prices arising as a result of changing the date of acceptance of the orders to December 29, 2004 by payment of such difference to the investors through such securities company.
		For investors who placed purchase orders through other securities companies and others, Nikko Asset Management processed the purchase orders with the investors absorbing the cost of the differences of the purchase prices, without notifying the investors that the above measures were available.
	ak2.net /node/104 (369 words)

	Travelers will end up with one-fourth of Nikko Securities (Site not responding. Last check: 2007-09-30)
		TOKYO (AP) -- Travelers Group is buying a quarter of Nikko Securities Co., the third-largest Japanese brokerage house, expanding its worldwide presence and placing a $1.6 billion bet on Japan's financial future.
		Masashi Kaneko, president of Nikko Securities, said that he does not expect the tie-up will trigger drastic job cuts or branch closures in the immediate future.
		Nikko Securities shares rose 11 percent in Tokyo to close at 482 yen ($3.46).
	www.chron.com /content/chronicle/business/98/06/02/travelers.2-0.html (588 words)

	Bloomberg.com: Asia
		Nikko Citigroup Ltd., the firm's investment-banking venture with Citigroup Inc., fell to fifth in Japan equity underwriting, handling 17 transactions worth a total 134 billion yen, even as the equity market doubled to 235 billion yen in the quarter.
		Nikko may boost fees from investment banking in the year started April 1, after Nikko Citigroup led in acquisitions advising in the quarter, working on five transactions including Softbank Corp.'s purchase of the Japan mobile-phone unit of Vodafone Group Plc.
		Nikko also plans to increase principal investments to 450 billion yen from 368 billion yen during the next two years, Hirofumi Hirano, an executive officer at the brokerage, said in an interview last month.
	www.bloomberg.com /apps/news?pid=10000080&sid=aW4m8E5xh1Ao&refer=asia (817 words)

	FOLIOfn - Press Room (Site not responding. Last check: 2007-09-30)
		Nikko's commitment to making separately managed accounts an important part of its business is underscored by the fact that the company has joined the Washington D.C.-based Money Management Institute, the trade association for the managed accounts industry, and has become its first international member.
		Nikko Cordial Corporation (www.nikko.jp), a company whose shares are traded on the Tokyo, Osaka, Nagoya, Frankfurt, Düsseldorf, Luxembourg, Euronext (Paris) and Singapore stock exchanges, is one of the largest financial corporate groups in Japan offering total financial services with a focus on securities services.
		Nikko Cordial Advisors, Ltd., an investment advisory company, is a new Nikko subsidiary that has been created to direct Nikko's managed accounts business.
	www.foliofn.com /content/press/pr_032904_nikko.shtml (1196 words)

	Nikko, Daiwa punished for payoffs to 'sokaiya' (The Japan Times) Dec. 18, 1997 (Site not responding. Last check: 2007-09-30)
		Nikko was given a 2 1/2-month suspension while Daiwa was told to halt trading for four months.
		To punish Nikko, the ministry decided to impose a 10-week suspension on stock-related proprietary transactions by dealers and brokerage transactions such as those in securities and securities futures at its Ginza and Shin-marubiru branches from Dec. 25.
		Atsushi Nagano, director general of the ministry's Securities Bureau, said the length of punishments differed due to the various factors involved, including the amount of compensation and the investigative steps taken by each firm once the scandal had been revealed.
	vikingphoenix.com /news/archives/1997/japan/jp970041.htm (339 words)

	Citigroup
		We could not be more pleased with the performance of Nikko Securities since we made our investment a year and a half ago.
		Nikko Salomon Smith Barney (NSSB) has also performed exceptionally, and as we celebrate the one year anniversary of our joint venture, we're quite proud that NSSB has already become the #1 underwriter of Japanese equities.
		Citigroup invested $1.6 billion in Nikko Securities in August 1998 in the form of a 9.5 percent shareholding and a bond convertible into 15.5 percent of Nikko stock.
	www.citibank.com /citigroup/press/2000/data/000323a.htm (259 words)

	INTERNATIONAL BRIEFS; Nikko Securities to Cut Salaries of Executives - New York Times
		The Nikko Securities Company, the Japanese brokerage house, said yesterday that it would cut salaries of its executives as punishment for the company's involvement in a payoff scandal.
		Earlier this month, the ministry suspended Nikko from conducting equities transactions for its own accounts and underwriting new public bond issues between Dec. 25 and March 4, 1998.
		Nikko said 21 other officials involved in the scandal will be punished, including advisers who will be dismissed.
	query.nytimes.com /gst/fullpage.html?res=9805EEDF1231F933A05751C1A961958260 (155 words)

	Japanese Brokers Expect Fee Dereg to Spur Web Trading
		In anticipation of the scheduled government deregulation of brokerage commissions later this year, Japanese securities firms are increasingly looking to the Internet as a means of decreasing stock trading costs and increasing revenues.
		Nikko Securities, Japan's No. 2 securities firm, intends to set up a separate unit, tentatively named Nikko Online Securities, that will specialize in Internet stock trading.
		Nikko has not officially announced details of the planned venture, but according to the Nihon Keizai Shimbun, Japan's leading financial daily, the firm will team up with a systems-development company founded by former Charles Schwab & Co. president Timothy McCarthy.
	www.internetnews.com /bus-news/print.php/6_89651 (609 words)

	Nikko, Salomon Smith Barney in alliance talks
		TOKYO, June 1: Japan's "Big Bang" securities industry shake up grew a little louder on when major Japanese brokerage Nikko Securities Co said it was holding talks with Salomon Smith Barney about an equity tieup.
		Nikko and Salomon were aiming to establish a joint securities firm, which couldbe formed at the end of this year, the sources said.
		If the Nikko-Saloman alliance goes through, Nikko can use the expertise of Salomon to develop financial products that will improve its competitive edge.The Travelers Group and Salomon will be able to tap into Nikko's enormous customer base to expand their operation in Japan.
	www.expressindia.com /fe/daily/19980602/15355374.html (564 words)

	Nikko Asset Management Co., Ltd. :: Nikko Asset Management Appoints Lawrence Prager as Head of Research
		Nikko AM is committed to delivering outstanding client service and fund performance, through its unique independent management structure, integrated research, and expert portfolio managers and product developers.
		Nikko AM's position of leadership in Japan's asset management industry was recognized in February 2005 when the company was awarded the Reuters Lipper Award for Best Fund Group, based on quantitative performance analysis in three asset classes -- equity funds, fixed income funds and mixed asset funds.
		In February 2005, Nikko AM's expertise in asset management was recognised when the company received the Lipper Award for Best Fund Group, based on its outstanding performance in three asset class categories: equity funds, fixed income funds and mixed asset funds.
	sev.prnewswire.com /banking-financial-services/20050419/NYM22418042005-1.html (569 words)

	[No title]
		Trans Cosmos, a leading provider of technology services, and Nikko Securities, one of the largest securities firms in Asia, have announced they are setting up a fund that will focus on making investments in Internet-related ventures in Japan.
		Nikko Securities' financial experience, meanwhile, will enable eVentures to serve as intermediary for potential mergers, acquisitions, or partnerships as well as provide support for IPO preparations.
		In May, Nikko Securities established an online securities trading subsidiary, Nikko Beans, and agreed in July to join in a 50:50 joint venture with Fujitsu to create a systems development/management company, Financial Network Technologies.
	asia.internet.com /news/print.php/643481 (522 words)

	Bloomberg.com: Japan (Site not responding. Last check: 2007-09-30)
		Nikko Cordial, Nomura Holdings Inc. and Daiwa Securities Group Inc. are benefiting from a two-thirds jump in share trading in Tokyo as the best fiscal year in 31 for Japan's benchmark indexes encouraged investors to buy stocks.
		Nikko Citigroup Ltd., a five-year-old joint venture investment bank with the world's largest financial-services company, saw profit rise 10-fold to 4.7 billion yen in the fourth quarter from 468 million yen.
		Nikko Cordial's shares rose 16 percent in the first three months of the year, compared with a 13.4 percent gain for the 17- member Topix Brokerage Index.
	quote.bloomberg.com /apps/news?pid=10000101&refer=japan&sid=aosCwotRHIQ0 (1014 words)

	Case Study: Nikko Cordial Securities' Retail Strategy
		Securities firms are trying to capture more of these assets by introducing a variety of new products and services, including fee-based wealth management services that have the twin aim of providing customers with stable, long-term investment options and securing the firm’s own revenue base.
		Nikko Cordial Securities is in some ways the most dynamic of Japan’s Big Three brokerages.
		A central part of Nikko Cordial’s wealth management strategy is its SMA service—the first such offering in Japan—launched in April 2004 and rapidly followed by several other firms.
	www.celent.com /PressReleases/20041227/NikkoSecurities.htm (445 words)

	Citigroup’s Investment in Nikko Beans
		Nikko Beans, Inc. (“Nikko Beans”) and Citigroup Inc. (“Citigroup”) announced an agreement with respect to Citigroup’s investment in Nikko Beans and the strategic alliance between the two companies.
		Nikko Beans has been established by The Nikko Securities Co., Ltd. as a securities company dedicated to providing financial services to the retail sector through the e-commerce distribution channels such as the Internet and telephone.
		Nikko Beans is offering: 1) brokerage of Japanese shares; 2) 89 investment trusts managed by 18 fund management companies; and 3) 26 life and non-life insurance products provided by 8 life and 7 non-life insurance companies.
	www.citibank.com /citigroup/press/1999/991101b.htm (541 words)

	Bloomberg.com: Asia (Site not responding. Last check: 2007-09-30)
		``Nikko's dividend and earnings outlook is a great trigger for investors to shift their focus back toward brokerages,'' said Atsushi Osa, who helps oversee $4.1 billion as a fund manager at Sumitomo Mitsui Asset Management Co. in Tokyo.
		Nikko Cordial, Japan's third-largest securities firm, jumped 64 yen, or 5.7 percent, to 1,189, set for its biggest gain in a month.
		Nikko Cordial also said it plans to pay a 20 yen dividend in the six months ending Sept. 30, up from 5 yen a year earlier.
	quote.bloomberg.com /apps/news?pid=10000080&sid=aWSIjIDyhMck (922 words)

	Travelers-Nikko deal faces mutual aversion in Japan - Jun. 1, 1998
		For Nikko, already reeling from hundreds of millions of dollars in losses last year, Salomon may provide just the financial fillip it was seeking to spare it from Yamaichi's fate.
		Plus, the moment is ripe for Nikko as Japan seeks to jump-start its economy with a package of economic stimulus measures, James Fiorillo, a Tokyo-based analyst for ING Barings, noted.
		"Nikko found that they are going to need a second round of capital for strategic and technological investments going forward under Big Bang deregulation, and I think they found themselves wanting," Fiorillo said.
	money.cnn.com /1998/06/01/deals/nikko (757 words)

	Decalog to streamline investment management process at Nikko
		The Nikko Securities Co. International, Inc., a registered investment adviser and broker-dealer based in New York City (Nikko), decided to acquire the Decalog solution to support its alternative investments department.
		Nikko determined that Decalog's portfolio management capabilities were mission critical to its business.
		About The Nikko Securities Co. International, Inc. The Nikko Securities Co. International is an SEC registered investment adviser whose ultimate parent is Nikko Cordial Securities Inc., a major global securities firm headquartered in Tokyo, Japan which provides investment banking, trading and retail unit services worldwide.
	www.itweb.co.za /office/ensemble/0205241814.htm (533 words)

	Travelers's $1.6bn for Nikko stake
		The two institutions will combine their securities trading, underwriting, derivatives and research operations in Japan and will be 49pc-owned by Travelers.
		Michel de Carvalho, chief executive of Nikko Europe which is based in London, said that Japanese institutional clients had become more attuned to dealing with American banks in recent years.
		Nikko's retail brokerage network and asset management operations, which are amongst the biggest in Japan, are unaffected by the deal.
	www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1998/06/02/cntra02.html (350 words)

	Citigroup and Nikko Announce Citigroup’s Intention to Reduce Nikko Shareholdings
		In view of Nikko’s substantially strengthened operations, capital structure and prospects and our desire to expand our ownership base in order to enhance shareholder liquidity and the trading market for our shares, we determined that the sale of a portion of Citigroup’s shares would be in the best interests of Nikko and its shareholders.”
		Nikko Cordial Corporation (TSE: 8603), is a diversified financial services group which provides primarily securities related financial services, financing, asset management and other financial services.
		The major group companies are; Nikko Cordial Securities Inc. as a retail securities house, Nikko Citigroup Limited as a wholesale securities house, Nikko Asset Management Co., Ltd. as an asset management service provider.
	www.citigroup.com /citigroup/press/2004/040621a.htm (538 words)

	S&P Affirms Nikko Securities BBB+/A-2 Ratings After Announcement
		The affirmation follows Nikko's announcement that it has decided the framework for reorganizing into a holding company group structure on Oct. 1, 2001.
		Nikko will transfer its business operations, including most of its assets and liabilities, to the newly established, wholly owned subsidiary, while the holding company will succeed Nikko as legal entity.
		However, Nikko's efforts to realign its operations along with its solid capital base mitigate these concerns to some extent.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/03-14-2001/0001447258 (326 words)

	PR Newswire Business News: Mellon Global Investments Japan Launches $3.0 Billion Fund - MSN Money
		Nikko Cordial Securities Inc. is a leading Japanese securities company.
		Nikko provides a wide spectrum of investment products and delivers them to its customers with the objective of meeting individual needs for steady asset management and asset building according to age, lifestyle, and future financial plans.
		Nikko Cordial Securities is a subsidiary of Nikko Cordial Corporation.
	news.moneycentral.msn.com /provider/providerarticle.asp?Feed=PR&Date=20060615&ID=5799222 (643 words)

	GARP : Risk News : Risk eNews Article (Site not responding. Last check: 2007-09-30)
		At the end of July 2004, Mitsubishi Securities International PLC was consolidated under Mitsubishi Securities, so the historical financial statistics are not directly comparable.
		Stagnation in wholesale securities businesses was partly the result of a seasonal decrease in investment banking transactions in the third quarter.
		Net asset inflow was high due to an amended law regarding tax on securities transactions, which allows investors to shift their domestic stock to special accounts with Japanese securities firms by the end of 2004.
	www.garp.com /risknews/newsfeed.asp?Category=6&MyFile=2005-02-03-10187.html (431 words)

	Nomura, Daiwa and Nikko Securities to close down soon, sources say (Site not responding. Last check: 2007-09-30)
		The parking of securities, also known as "wash trading", is a practice which was specifically banned in the US by the Securities Act of 1933 and the Securities Exchange Act of 1934 in the aftermath of the 1929 stock market crash.
		Sources say that all the major securities firms have been engaging in this practice for years, always shifting blocks of securities from place to place at prices far above the free market price in the hope that the Japan stock market will rebound and that all of these hidden losses will be of no moment.
		The accumulated losses which have been hidden by the practice of parking securities are now believed to amount to more than 100 trillion yen, or more than one million yen for every man, woman and child in Japan.
	www.ishipress.com /nomura.htm (555 words)

	On Wall Street - A SourceMedia and Investcorp publication
		In late September, prosecutors searched the head office of Nikko Securities and the homes of its top executives over alleged payoffs to an alleged corporate racketeer at the center of similar scandals involving the other three major Japanese brokerages--Daiwa Securities Co., Yamaichi Securities Co. and Nomura Securities Co.
		Nomura Securities Co. and Daiwa Securities Co. ranked third and fourth with about 5.4 percent, while Goldman Sachs finished fifth with 4.2 percent.
		Nikko Securities Co., which topped the list in September, fell to sixth with 4.1 percent, while Yamaichi Securities Co., which ranked third in September, dropped to seventh with 3.6 percent.
	www.onwallstreet.com /article.cfm?articleId=22 (259 words)

	TheStreet.com: The Coming Week in Asia: Brokers Bask in Retail Profits
		It's a little odd that as large a firm as Nikko would resort to a handwritten poster when thousands of yen are spent on advertising each year.
		Both Daiwa Securities and Nikko Securities are looking to pull in at least 50 billion yen ($476 million) in pretax profits, while Nomura Securities is expecting 80 billion yen, according to local reports.
		Just like the Shinjuku branch manager of Nikko Securities, Japanese officials may want to write out their own communique about the need for a weak yen -- by hand, that is, in red ink.
	www.thestreet.com /markets/comingweekasia/866676.html (712 words)

	Nikko Fined $1 Million - New York Times
		The Nikko Securities Company, one of Japan's Big Four brokerage firms, will pay a $1 million fine to settle charges that it violated United States financial reporting regulations, the Securities and Exchange Commission said today.
		Nikko Securities International Inc., the United States unit of the Nikko Securities Company of Japan, was the last of four affiliates of the Big Four to settle civil charges the S.E.C. filed in February.
		The S.E.C. separately issued a "cease and desist" order against Nikko and Tsuneo Iida, the unit's former chairman; Masanori Ishikawa, the former accounting chief, and Susumu Okada, the former senior vice president.
	query.nytimes.com /gst/fullpage.html?res=9F0CE3D6143AF933A15756C0A965958260 (177 words)

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