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New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States.

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SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

TOKYO, Japan - Teisuke Kitayama (L), president of Sumitomo Mitsui Financial Group Inc., along with Citigroup Vice Chairman Stephen Volk (R), announces at a Tokyo hotel on May 1 that SMFG has reached an agreement with Citigroup to acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen.

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SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

TOKYO, Japan - Executives of Sumitomo Mitsui Financial Group Inc. and Citigroup Inc. shake hands at a Tokyo hotel on May 1 after announcing they have reached an agreement that SMFG will acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (From L) Nikko Cordial Securities President Eiji Watanabe, Sumitomo Mitsui Banking Corp. President Masayuki Oku, SMFG President Teisuke Kitayama, Citigroup Vice Chairman Stephen Volk, and Nikko Citi Holdings Inc. Chairman and President Douglas Peterson.

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TSE found no evidence of organized accounting fraud at Nikko Cordial

TOKYO, Japan - Tokyo Stock Exchange President Taizo Nishimuro, testifying at a parliamentary panel, says the exchange has decided to keep Nikko Cordial Corp. listed on its first section as it has failed to find any evidence that the securities firm committed accounting fraud in an organized way.

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Securities watchdog seeks 500 mil. yen fine on Nikko

TOKYO, Japan - Nikko Cordial group Vice President Hiroaki Sugioka speaks during a news conference in Tokyo on Dec. 18 as Japan's securities authorities the same day recommended a largest-ever fine of 500 million yen against Nikko Cordial Corp. for falsifying its group's financial statement for fiscal 2004.

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Nikko Cordial appoints Arimura as president

TOKYO, Japan - Nikko Cordial Corp. said March 3 it has decided to appoint Nikko Cordial Securities Inc. President Junichi Arimura (file photo) as president, replacing current president Masashi Kaneko.

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(2)Nikko Cordial appoints Arimura as president

TOKYO, Japan - Junichi Arimura (L), president of Nikko Cordial Securities Inc., speaks at a news conference in Tokyo on March 3 after Nikko Cordial Corp. decided to appoint him as its president, succeeding Masashi Kaneko (R).

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Securities watchdog seeks 500 mil. yen fine on Nikko

TOKYO, Japan - Nikko Cordial group Vice President Hiroaki Sugioka speaks during a news conference in Tokyo on Dec. 18 as Japan's securities authorities the same day recommended a largest-ever fine of 500 million yen against Nikko Cordial Corp. for falsifying its group's financial statement for fiscal 2004. (Kyodo)

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TSE found no evidence of organized accounting fraud at Nikko Cor

TOKYO, Japan - Tokyo Stock Exchange President Taizo Nishimuro, testifying at a parliamentary panel, says the exchange has decided to keep Nikko Cordial Corp. listed on its first section as it has failed to find any evidence that the securities firm committed accounting fraud in an organized way. (Kyodo)

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SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. y

TOKYO, Japan - Teisuke Kitayama (L), president of Sumitomo Mitsui Financial Group Inc., along with Citigroup Vice Chairman Stephen Volk (R), announces at a Tokyo hotel on May 1 that SMFG has reached an agreement with Citigroup to acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (Kyodo)

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SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. y

TOKYO, Japan - Executives of Sumitomo Mitsui Financial Group Inc. and Citigroup Inc. shake hands at a Tokyo hotel on May 1 after announcing they have reached an agreement that SMFG will acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (From L) Nikko Cordial Securities President Eiji Watanabe, Sumitomo Mitsui Banking Corp. President Masayuki Oku, SMFG President Teisuke Kitayama, Citigroup Vice Chairman Stephen Volk, and Nikko Citi Holdings Inc. Chairman and President Douglas Peterson. (Kyodo)

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ETFs gaining popularity with individual investors

TOKYO, Japan - The photo shows a variety of Nikko Cordial Securities Inc.'s ETFs-sales promotion pamphlets. (Kyodo)

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New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States. (Kyodo)

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Nikko Cordial appoints Arimura as president

TOKYO, Japan - Nikko Cordial Corp. said March 3 it has decided to appoint Nikko Cordial Securities Inc. President Junichi Arimura (file photo) as president, replacing current president Masashi Kaneko. (Kyodo)

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(2)Nikko Cordial appoints Arimura as president

TOKYO, Japan - Junichi Arimura (L), president of Nikko Cordial Securities Inc., speaks at a news conference in Tokyo on March 3 after Nikko Cordial Corp. decided to appoint him as its president, succeeding Masashi Kaneko (R). (Kyodo)