Nomura to Purchase Newly Issued Skylark Shares
Tokyo, December 25, 2008 – Nomura Principal Finance Co., Ltd. (NPF), a wholly-owned subsidiary of Nomura Holdings, Inc., today announced that it intends to subscribe for newly issued shares of Skylark Co., Ltd. once Skylark finalizes its decision to issue new shares. NPF will purchase 30 billion yen of common shares and 20 billion yen of preferred shares with payment planned for December 29, 2008.
Since opening its first restaurant in 1970, Skylark has been a pioneer in the family restaurant business, leading the development of the dining-out industry in Japan. Incorporated in July 2004, Skylark had paid-in capital of 84.1 billion yen as of September 30, 2008. NPF first invested in Skylark in 2006 as part of a management buyout.
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
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
