NOMURA News Release

Notification of Impairment of Investments in Subsidiaries and Affiliates in Unconsolidated Financial Statements

Tokyo, July 25, 2007 – In accordance with the Rules on Timely Disclosure of Tokyo Stock Exchange, Nomura Holdings, Inc. today announced that it has recorded an impairment of its investment in the shares of its subsidiary holding company for the Americas in its unconsolidated financial statements for the first quarter of the fiscal year ending March 31, 2008.

The impact of the impairment on Nomura Holdings' consolidated financial statements through the year ended March 31, 2007, has already been reflected in Nomura Holdings' consolidated financial statements for the year ended March 31, 2007. The impact for the first quarter of the year ending March 31, 2008, is reflected in Nomura Holdings' consolidated financial statements for the quarter ended June 30, 2007, announced today.

(billions of yen, except percentages)

(A) Impairment of Investments in Subsidiaries and Affiliates on Unconsolidated Financial Statements for the year ending March 31, 2008 71.7
(B) Shareholders' equity as of March 31, 2007
(A)/(B)
1,475.3
(4.9%)
(C) Ordinary income for the fiscal year ended March 31, 2007
(A)/(C)
207.2
(34.6%)
(D) Net income for the fiscal year ended March 31, 2007
(A)/(D)
158.2
(45.3%)

Ends

Notes to editors:

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 150 branches in Japan, and an international network in 30 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.

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