Nomura Stock Hit After Research Affiliate Writedown, Europe Loss

Nomura Holdings Inc. shares fell after its fourth-quarter profit missed analysts’ estimates, due to writedowns and a loss in Europe.

The results released after the market closed on Friday overshadowed a second straight year of record earnings for Japan’s biggest brokerage. Impairments on its stakes in its research affiliate and a forestry company contrasted with otherwise solid results from its wealth management, trading and investment-banking operations.