Nomura Acquires Stake in Kawamura Electric
Tokyo, March 1, 2007–Nomura Principal Finance Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it has acquired 6,923 thousand shares in Kawamura Electric Inc., representing 52.1% of shares outstanding. Conducted as part of a management buy-out, the acquisition was made through RIVER Investment in which Nomura Principal Finance holds a 100% stake.
Established in 1919, Kawamura Electric has a long history of providing high-quality electrical equipment for both commercial and consumer applications. The company has a leading presence in the domestic market for standard distribution boards. Kawamura Electric is capitalized at 1.8 billion yen and employed 1,119 people as of March 31, 2006.
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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.
