Nomura to Transfer Operations of Taiyo Electric Industry
Tokyo, December 15, 2006 - Nomura Principal Finance Co., Ltd. (NPF), a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it will transfer the operations of Taiyo Electric Industry Co., Ltd., an NPF subsidiary, via a management and employee buyout to a company set up mainly by management and employees of Taiyo Electric Industry.
Established in 1954, Taiyo Electric Industry specializes in the manufacture and sales of control equipment for building facilities and printing machines. The company is capitalized at 102.5 million yen.
NPF was established in July 2000 to explore principal finance opportunities in Japan using the expertise acquired by Nomura in investing its own capital in international markets. NPF invests in businesses with stable cash flow, future growth prospects, and improving performance, as well as in assets that may be securitized later on. NPF focuses on adding value to businesses in order to realize long-term return on investments, exiting via initial public offerings and other methods.
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Nomura Group
Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 140 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Group’s business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.
