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.
What event has already finished? What event has begun but has not finished? What will happen in the future? What happened before Daiwa made their announcement? What was happening when Daiwa made their announcement? What happened after Nomura disclosed their loss? What was happening after Nomura disclosed their loss?