Nikko Cordial Securities to step up quake-proof measures+
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[March 23, 2006]

Nikko Cordial Securities to step up quake-proof measures+

(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, March 23_(Kyodo) _ Nikko Cordial Securities Inc. said Thursday it will enhance earthquake safety at some of its outlets as they have been found to be possibly falling short of legal standards.



Amid growing concerns over the quake-resistance of condos, hotels and other buildings in Japan, Nikko's step is likely to prompt other major companies to follow suit, experts said.

The securities firm has inspected all of its 108 offices across Japan since 2005 following a major quake in Niigata Prefecture in the fall of 2004.



Of the 108, the company said it will, or has already taken, measures to improve quake-proof strength at 18 outlets. The measures are rebuilding, renovating or relocating.

The move is aimed at securing the safety of customers and employees in the event of a quake, as well as maintaining the asset value of its offices, the company said.

The government-set standard stipulates buildings in Japan should be built so that they would not be damaged seriously in the event of a quake with an intensity of upper 5 on the Japanese seismic scale of 7.

The government wants to raise the percentage of buildings frequented by large numbers of people, including schools and offices, that meet this standard to a minimum 90 percent from the current 75 percent.

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