- Language: English
- Published: December 2012
- Region: Taiwan
Nikko Cordial Securities Inc. Aug 06
- Published: August 2006
- Standard & Poors
Increasing assets under management from retail investors Diversifying revenue sources Sufficient capital relative to risk volume Low profitability compared with overseas peers Vulnerable to market volatility The Nikko Cordial group (BBB+/Stable/A-2) is one of Japan's three major securities groups. Nikko Cordial Securities Inc. (Nikko) specializes in retail securities, and is wholly owned by holding company Nikko Cordial Corp. (BBB+/Stable/A-2). Nikko's profitability is improving, and its net operating profit rose 45.7% to -246.4 billion in fiscal 2005. The earnings surge was driven by strong growth in investment trust-related commissions and an increase in commissions on equity trading by individual investors. In addition to investment trusts, Nikko is broadening its product lineup, such as foreign bonds and annuity insurance. Also, its consulting...
Companies mentioned in this report are: Citigroup Overseas Holdings Inc.,NCT Trust and Banking Corp.,Nikko Cordial Corp.
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Research Type: Full Analysis
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Citigroup Overseas Holdings Inc.,NCT Trust and Banking Corp.,Nikko Cordial Corp.