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Home > Company Index > Financial Services > Investment Banking & Brokerage > The Nikko Securities Co., Ltd.

The Nikko Securities Co., Ltd.
 PROFILE
When does a rising sun need an umbrella? When it's once-troubled Nikko Securities, now 20% owned by Citigroup (of the red umbrella logo). Japan's #3 brokerage (behind Nomura Securities and Daiwa Securities) had faced serious financial problems (along with scandal) before it sold itself to foreign firms to stay afloat during the Asian crisis. Nikko Securities offers investment trusts, equity underwriting, asset management, research, and online brokerage (called Nikko Beans). With the Japanese economy slipping again, the former Mitsubishi "keiretsu" member plans to become a holding company and create a subsidiary for its securities business, hoping the reorganization will allow it to better focus on growth.

 COMPETITION
Daiwa Securities Group Inc. (DSECY)
Merrill Lynch & Co., Inc. (MER)
The Nomura Securities Co., Ltd. (NRSCY)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 4,162.50
1-Yr. Sales Growth: 40.4%
Employees: 7,673
Revenue per employee: $542,486.64

 KEY PEOPLE
• Masashi Kaneko
    CEO
• Takashi Yamamoto
    CFO

 CONTACT INFO
3-1, Marunouchi 3-chome, Chiyoda-ku
Tokyo 100-8325, Japan
Phone: 81-3-5644-4431
Fax: 81-3-5644-4555
Online: Web Site

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