Nomura Holdings Inc. is expected to report a record 700 billion yen ($7.15 billion) net loss for the fiscal year ended March 31, according to a Nikkei newspaper report Wednesday. The firm's largest-ever loss is due partly to the burden of taking over some of the operations of failed Wall Street brokerage Lehman Brothers, according to the report. In addition, Nomura also likely suffered from valuation losses on commercial real estate holdings, loans and shareholdings, according to the report. For the nine months ended in December, Nomura posted a 492.4 billion yen net loss, with an additional loss of roughly 200 billion expected for the quarter ended in March. The report said the loss would be of the largest likely to be posted by a Japanese company for the year through March. Shares of Nomura were down over 4% in early Tokyo trade at 574 yen.