Tokyo, March 24, 2006-Joinvest Securities Co., Ltd., a newly established online company and wholly-owned subsidiary of Nomura Holdings, Inc., today outlined its business plans in the lead up to the launch of its website (www.joinvest.jp)1 on May 14, 2006, and its first day of receiving trading orders on May 28.

Following its recent approval for registration as a securities firm, Joinvest Securities has been putting the final touches on its business plans and preparing its site to go live on May 14, when it will also start taking account applications. The company aims to set up 500,000 customer accounts by the end of March 2007 and plans to be profitable by the year ending March 31, 2008. Joinvest Securities is currently capitalized at 6.4 billion yen.

The company's business plans also call for a commission structure that offers customers rates that are among the lowest level in the industry. Final details on commissions will be announced before the company's website goes live.

Speaking at a press conference in Tokyo this afternoon, Masaki Fukui, President of Joinvest Securities, said: "Joinvest Securities aims to create a platform that is user-friendly and will encourage a wide range of customers to participate in the investing experience. We will be the first financial institution in Japan to make a full-scale launch into online businesses. Our first step is to focus on financial services. We will offer a wide range of products and services to meet the needs of a broad base of customers ranging from those with no previous investing experience to seasoned investors."

Joinvest Securities will initially specialize in products and services for Japanese equities such as spot transactions, systematic margin trading, stock trading for amounts less than one trading unit, exchange traded funds, real estate investment trusts, initial public offerings, and public offerings. However, the company plans to rapidly expand its offering of products and services going forward. In addition, to tap into the large pool of potential investors, Joinvest Securities plans to set up an online community site for people to share information on how to use money effectively in daily life.

For more information please contact:
Ph: +81-3-5460-2006

• Joinvest Securities Co., Ltd. Outline of Operations presentation material (PDF 277KB)