Passage: Daiwa Securities Co. Ltd. and Nikko Securities Co. Ltd., two of Japan's Big Four stockbrokers, announced Friday net losses for the year to March, joining market leader Nomura Securities Co. Ltd. which disclosed its own net loss of 243 billion yen (two billion dollars) on Thursday. Daiwa, the country's second-largest broker, said it suffered a net parent company loss of 84.0 billion yen, reversing a net profit of 43.7 billion yen a year earlier.
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