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To Our Shareholders | Analyst Coverage

The analysts listed below currently cover Nomura Holdings. Please note that all of their opinions, ratings or estimates regarding Nomura Holdings' performance, stock price or other information is their personal view and does not represent Nomura Holdings' or its management's view. Nomura Holdings does not either expressly or impliedly guarantee the accuracy of or concur with information, opinions or recommendations provided in their presentation.

as of January 4, 2017

Table:Analyst Coverage
Name Company
Natsumu Tsujino JPMorgan Securities Japan Co., Limited
Shinichiro Nakamura SMBC Nikko Securities Inc.
Takehito Yamanaka Credit Suisse Securities(Japan) Limited
Katsunori Tanaka Goldman Sachs Japan Co., Ltd.
Masao Muraki Deutsche Securities Inc.
Futoshi Sasaki Merrill Lynch Japan Securities Co., Ltd.
Hideyasu Ban Morgan Stanley MUFG Securities Co., Ltd.
Kazuki Watanabe Daiwa Securities Co., Ltd.
Tatsuo Majima Tokai Tokyo Research Center Co., Ltd.
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