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Nomura Finalizes Gain on Partial Sale of Stake in Affiliate
December 5, 2022
Nomura Holdings, Inc.
Tokyo, December 5, 2022 - Nomura Holdings, Inc. (Nomura) today announced that it participated in a secondary offering at Nomura Research Institute (NRI) as a seller and sold a portion of the shares of common stock it holds in NRI1. As a result, Nomura expects to book a gain as outlined below.
1. Details of the Sale
| (1) Sale price per share | 2,886.80 yen |
| (2) Number of shares sold | 13,000,000 shares |
| (3) Number of shares owned after sale | 131,838,510 shares (including 67,518,000 shares held by Nomura Properties, Inc.) (Percentage of total outstanding shares: 22.3%) 2 |
| (4) Total amount sold | 37,528,400,000 yen |
| (5) Delivery date | December 12, 2022 |
1 See news release issued on November 25, 2022 titled "Nomura Expects to Book Gain on Partial Sale of Stake in Affiliate":
Nomura Expects to Book Gain on Partial Sale of Stake in Affiliate
2 Number of outstanding shares calculated as 591,601,912 shares after excluding treasury stock and NRI shares held by NRI Group Employee Stock Ownership Trust from total outstanding shares of 611,353,200 as of September 30, 2022.
2. Future Outlook
In conjunction with the sale, Nomura expects to book an estimated pretax income of approximately 25 billion yen in its FY2022/23 third quarter consolidated financial results. In addition, Nomura expects to book approximately 36 billion yen as a gain on the sale of shares of affiliates in its FY2022/23 third quarter non-consolidated financial results.
NRI will remain an equity method affiliate of Nomura. NRI remains an important affiliate for Nomura's business strategy and the two companies will continue to engage in business alliances and partnerships.
Nomura
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
