Short-term borrowings. Private equity entities short-term borrowings. Payables and deposits:. Payables to customers. Payables to other than customers. Time and other deposits received. Collateralized financing:. Securities sold under agreements to repurchase. Securities loaned. Other secured borrowings. Trading liabilities:. Securities sold but not yet purchased. Other liabilities:. Accrued income taxes. Accrued pension and severance costs. Long-term borrowings. Private equity entities long-term borrowings.
Commitments and contingencies. Common stock. Additional paid-in capital. Retained earnings. Accumulated other comprehensive loss income. Minimum pension liability adjustment. Cumulative translation adjustments. Less-Common stock held in treasury, at cost.
Millions of Yen. Fees from investment banking. Asset management and portfolio service fees. Gain on private equity investments. Interest and dividends. Gain on investments in equity securities. Private equity entities product sales. Total revenue. Interest expense. Compensation and benefits. Commissions and floor brokerage. Information processing and communications.
Occupancy and related depreciation. Business development expenses. Private equity entities cost of goods sold. Income tax expense-Current. Income tax expense-Deferred. Income tax expense. Table of Contents Notes:. Investments in equity securities consist of marketable and non-marketable equity securities that have been acquired for operating purposes and other than operating purposes. In accordance with U. GAAP for broker-dealers, investments in equity securities for operating purposes and other than operating purposes are recorded at fair value and unrealized gains and losses are recognized currently in income.
Investments in equity securities for operating purposes are recorded as Investments in equity securities in the consolidated balance sheet. Investments in equity securities for other than operating purposes are included in the consolidated balance sheet in Other assets-Other. Non-trading debt securities are recorded at market or fair value together with the related hedges and the related gains and losses are recognized currently in income. Table of Contents 4.
Depreciation and amortization. The minimum pension liability adjustment are additionally provided when the accumulated benefit obligation, excluding the assumption about future compensation levels from the projected benefit obligation, exceeds the fair value of plan assets and accrued pension liabilities.
Hedging activities. Pledged securities that can be sold or re-pledged by the secured party, including Gensaki Repo transactions, included in trading assets, private equity investments and non-trading debt securities. Securities and loans receivables, which have been pledged as collateral, primarily to stock exchanges and clearing organizations, without allowing the secured party the right to sell or re-pledge them.
The asset balances, which have been pledged as collateral for secured loans from special purpose entities. Securities and loans receivables, which have been pledged to collateralize borrowing transactions, and pledged for other purposes. In the normal course of business, Nomura is involved in lawsuits and other legal proceedings and, as a result of such activities, is subject to ongoing legal risk.
The management of Nomura believes that the ultimate resolution of such litigation will not be material to the consolidated financial statements. The legal disputes include the actions described below. IPB , a Czech bank. The legal disputes include international arbitration proceedings in which the Czech Republic is seeking damages against NPI. Nomura believes that all such claims brought against it are without merit and Nomura is vigorously defending them. The following table sets for the information about maximum potential payout or notional total of derivative contracts, standby letters of credit and other guarantees that could meet the definition of a guarantee.
May 10, Sadahiko Yoshimura. Certified Public Accountant. Designated and operating Partner. Michiyoshi Sakamoto. Koichi Hanabusa. Our responsibility is to independently express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in Japan. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audit provides a reasonable basis for our opinion. Our audit includes procedures applied to the accounts of the subsidiaries or other consolidated subsidiaries as considered necessary.
As a result of our audit, it is our opinion that the consolidated balance sheet and the related consolidated income statement referred to above present properly the financial position and the results of operations of Nomura Holdings, Inc.
We have no interest in the Company which is required to be disclosed in compliance with the Certified Public Accountants Law. Current Assets:. Cash and cash deposits. Short-term loans receivable. Accounts receivable. Other current assets. Fixed Assets:.
Tangible fixed assets:. Intangible assets:. Investments and others:. Investment securities. Investments in subsidiaries. Long-term loans receivable. Long-term guarantee deposits. Other investments. Current Liabilities:. Bond with maturity of less than one year. Payables to customers and others. Other current liabilities. Long-term Liabilities:. Bonds payable. Other long-term liabilities. Capital surplus:. Other capital surplus:. Premium over acquisition cost of Treasury stock sold.
Earned surplus:. Earned surplus reserve. Voluntary reserves:. Reserve for specified fixed assets. General reserve. Unappropriated retained earnings. Net unrealized gain on investments. Less treasury stock. Operating expenses. Rental and maintenance. Data processing and office supplies.
Operating income. Non-operating revenue. Non-operating expenses. Special profits. Profit on sales of investment securities. Profit on redemption of warrants. Special losses. Loss on sales of investment securities. Loss on devaluation of investment securities. Loss on devaluation of investments in subsidiaries. Income taxes - current. Income taxes - deferred. Unappropriated retained earnings brought forward. Interim dividend. The amounts shown therein are rounded to the nearest million.
Recorded at cost using the moving average method. Intangible assets, investments and others are amortized over their estimated useful lives primarily on the straight-line method. In addition to the fixed assets on the balance sheet, the Company uses computers and personal computers under finance lease contracts.
Swap transactions, etc. Amounts to be excluded from profits available for dividends. The amount to be excluded from the calculation of profits available for dividends as of March 31, as determined by Item 3 of Article of the Enforcement Regulations of the Commercial Code was 50, million yen. Reversal of voluntary reserve:. Reversal of reserve for specified fixed assets. Cash dividends Unappropriated retained earnings to be carried forward. The Company proposes a cash dividend of As the Company paid out an interim dividend of Table of Contents Report of Independent Accountants.
Our responsibility is to independently express an opinion on these financial reports and the supplementary schedules based on our audit. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial reports and the supplementary schedules are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial reports and the supplementary schedules.
An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial reports and supplementary schedules. As a result of our audit, it is our opinion that:.
Table of Contents Report of the Audit Committee. With respect to certain other matters, including: i any transactions by Directors or Executive Officers on their own behalf or on behalf of a third party that comes within the types of business carried on by the Company: ii transactions in which the interests of any Director or Executive Officer are contrary to or conflict with those of the Company: iii the gratuitous grant of benefits to others by the Company: iv unusual transactions between the Company and its subsidiaries or shareholders: and v acquisitions by the Company of its own shares and dispositions thereof, we, in addition to the above mentioned auditing method, requested reports on such transactions from the Directors, Executive Officers and others as necessary, and investigated any such transactions in detail.
In addition, we acknowledge that there is no failure by the Directors or Executive Officers in the execution of their duties in connection with: i any transactions by Directors or Executive Officers on their own behalf or on behalf of a third party that comes within the types of business carried on by the Company: ii transactions in which the interests of any Director or Executive Officer are contrary to or conflict with those of the Company: iii the gratuitous grant of benefits to others by the Company: iv unusual transactions between the Company and its subsidiaries or shareholders: and v acquisitions by the Company of its own shares and dispositions thereof.
Agenda and the Referenced Matters:. As Amended. Article 4. Method of Giving Public Notices. Public notices of the Company shall be given by publication in Nihon Keizai Shimbun. Public notices of the Company shall be made by electronic public notice; provided, however, that such notices shall be given by publication in Nihon Keizai Shimbun in cases the method of electronic public notice is not available due to any troubles or unavoidable circumstances.
Proposal No. The Stock Option B Plan will enable the Company to control cash payment for compensation through granting stock acquisition rights as a partial substitute for cash compensation. Accordingly, the Stock Option B Plan will have the same economic effect as the Company grants restricted stocks. In principle, the non-exercise period will be not shorter than two 2 years. In the event that the shares are split or consolidated after the issuance of the stock acquisition rights, the number of shares related to the unexercised stock acquisition rights at the time of the stock-split or stock-consolidation shall be adjusted in accordance with the following formula.
Any fractions less than one 1 share shall be disregarded. Please refer to 4 for the adjusted exercise price. In addition to the above, after the issuance of the stock acquisition rights, in the event of a merger of the Company with another company, a company split or capital reduction of the Company or in any other similar event where an adjustment of the number of shares shall be required, the Company may appropriately adjust the number of shares to a reasonable extent.
Up to 25, stock acquisition rights the number of shares per stock acquisition right shall be shares; provided, however, that the number of shares per stock acquisition right shall be adjusted accordingly in the events stated in item 1 above. To be issued without receipt of consideration. Any fraction less than one 1 yen resulting from the adjustment shall be rounded up to the nearest yen. In the event that the shares are split or consolidated after the issuance of the stock acquisition rights, the Exercise Price shall be adjusted in accordance with the following formula, and any fraction less than one 1 yen shall be rounded up to the nearest yen.
In the event that new shares of common stock are issued or the Shares held by the Company are disposed of at a price below the market price of the Shares excluding any case of the exercise of stock acquisition rights and any request for purchasing additional less-than-a-full-unit shares , the Exercise Price shall be adjusted in accordance with the following formula, and any fraction less than one 1 yen shall be rounded up to the nearest yen.
The Board of Directors of the Company or an executive officer designated by a resolution of the Board of Directors shall determine the exercise period of stock acquisition rights within the period from the issue date of stock acquisition rights to the seventh anniversary of such issue date. The Company may, at any time, cancel the stock acquisition rights without any compensation when the Company has acquired the unexercised stock acquisition rights.
Up to 5,, shares of common stock of the Company. In addition to the above, in the event of a merger after the issuance of the stock acquisition rights, a company split or capital reduction of the Company or in any other similar event where an adjustment of the number of shares shall be required, the Company may appropriately adjust the number of shares to a reasonable extent.
The amount to be paid upon exercise of the stock acquisition rights shall be one 1 yen per share. As all of the eleven Directors will have finished their term of office at the conclusion of this Ordinary General Meeting of Shareholders, the Company proposes the election of eleven Directors in accordance with a resolution of the Nomination Committee.
The nominees are as follows. Date of Birth. Brief History and Representation of Other Companies. Joined Nomura. Managing Director and Head of Americas Division. Managing Director in charge of Risk Analysis Division. Chairman of the Board of Directors. Representation of other companies. Director in charge of Human Resources.
Director in charge of Planning. Director in charge of Planning Division. Managing Director in charge of Planning Division. Executive Vice President. Director in charge of Fixed Income Division. Director in charge of Global Fixed Income.
Director in charge of Marketing Division. Director in charge of Kinki Area of Marketing Division. Director and Osaka Branch Manager. Retired from Managing Director. Left Mori Sogo Law Offices. Chairman, Hibiya Park Law Offices. Joined Hayakawa Electric Industry Co.
President, Sharp Corporation. Corporate Advisor, Sharp Corporation. Statutory Auditor. President, Nomura Shokusan Co. Chairman, Deloitte Touche Tohmatsu. Retired from Chairman, Deloitte Touche Tohmatsu. Director of Murata Manufacturing Co. Statutory Auditor, Sumitomo Corporation.
Yukio Suzuki. Joined Nomura Research Institute, Ltd. Director, NRI. Retired from Director, NRI. Retired from Director. Note 2: There are no conflicts of interests between the Company and the above-mentioned nominees. Principal Positions. Representative Executive Officer. Deputy President. I am pleased to present you with a summary of business results for the fiscal year ended March 31, We expect our business environment to remain challenging, but we see some movement in the area of government policy toward encouraging a shift from savings to investments as a result of the announcement of the Program for Further Financial Reform at the end of last year.
The corporate sector is in a position of excess cash as restructuring has begun to bear fruit and corporate performance has recovered. As a result, an increasing number of companies are contemplating aggressive capital policies to improve shareholder value.
Under these circumstances, we intend to approach the securities business from a broader perspective, respond quicker to changes, and aim to become a company that provides the finest service for every type of investment. This year marks our 80th anniversary. Thank you for your continued support. Table of Contents Nomura Group aims to provide the finest services for every type of investment. This year we celebrate our 80th anniversary amidst significant and rapid changes in the business environment.
Describe the current business environment. As structural changes of money flow and deregulation in Japan move forward, our business environment is seeing a significant and rapid transformation. In terms of macroeconomics, while the international political climate and rising oil prices make the external environment unpredictable, the Japanese economy is unlikely to hit a downturn, mainly because capital investment in the private sector has increased.
In other words, I see the economy regaining momentum. We are also seeing changes in money flow. The corporate sector is no longer strapped for cash as the many years of restructuring and the subsequent recovery in corporate performance have taken effect. At the same time, individual investors who had shied away from financial markets are starting to return their assets to the markets.
In such an environment, we expect competition to become increasingly severe. On the other hand, the environment is right for us to grow our business by entering new fields. In this respect, we feel that there has never been a better opportunity for us. Q: What does Nomura Group plan to do in such an environment? A: Our vision is to firmly establish our status as a globally competitive Japanese financial institution.
Last year, our ROE was only 5. It is important for us to earn your trust, as well as the trust of the market, that we are a group that can sustain profitability. To achieve this goal, I feel that we should create our own growth model. As structural changes take root and deregulation continues at a fast pace, financial institutions are presented with a growing range of opportunities.
If we were to hold on to the conventional business model, it would be impossible for us to take advantage of these opportunities and put our company on track for further growth. European and American financial institutions that had relentlessly pursued size are now rethinking their policy.
Therefore, nowhere in the world is there an example or textbook-like success model for our situation. Consequently, for us to achieve our mid- to long-term management targets and continually improve shareholder value, we have no choice but to discard preconceived notions, consider a wider range of business opportunities, and build a new growth model on our own. Table of Contents Q: How do you intend to build your own growth model?
A: We will take full advantage of the reduced regulatory barriers to broaden our securities businesses, cultivate and expand businesses in new domains, and transform our operations. Deregulation has opened doors to many fields that were once off-limits to securities companies.
As a result, we have a greater menu of solutions that we can propose to our customers. In real estate, for example, real estate funds have demonstrated rapid growth. Loans, which were once the exclusive domain of banks, are more accessible as a result of increased liquidity and securitization. As these examples illustrate, the seeds of change are in place for us to branch out into new businesses.
Q: How do you intend to expand into new businesses? A: I feel that it is necessary to enlarge the cross section of customers to create new businesses. By this I mean that in the course of servicing customers in person we need to pinpoint latent needs without confining ourselves to the conventional framework of the securities business. We then need to develop those needs into new businesses. The ability to work face-to-face with customers, or in essence to sincerely explain the situation to customers under any circumstance, is the strength of Nomura.
I believe this strength has fostered trust and built our customer base over the 80 years that we have been in business. Latent needs will be found by maximizing the cross section of customers, and these needs will be developed into new businesses. By persistently repeating this effort, we can increase our areas of expertise and develop a new growth model. To address such issues, we refocused our organization on April 1 from one emphasizing business administration centered on the securities business, to one that allows a clear focus on management as Nomura Holdings.
We will now expand and improve the banking facility and trust functions of the company, and boost our online operations to move into new areas of business. In addition, we have reshuffled our business lines into five units from the previous three: Domestic Retail, Global Wholesale, and Asset Management. Of these, Global Wholesale has been split into Global Markets, Global Investment Banking, and Global Merchant Banking in anticipation of future business growth and to ensure mobility in entering new businesses.
To reinforce our efforts in the new fields, we have also appointed an executive officer in charge of Asset Finance in Global Markets and an executive officer in charge of public corporations in Global Investment Banking Nomura Securities Co. Further, an executive officer has been put in charge of our Chinese operations, underscoring our commitment to China as a strategic area. Table of Contents Business Lines. Summary of Consolidated Financial Information.
Segment Net Revenue total revenue excluding interest expenses. Billions of yen. Net revenue total revenue excluding interest expense. Return on equity. Table of Contents Billions of yen. Domestic Retail. Global Wholesale. Asset Management. Operating Results.
Goals and Strategy. We are working to further broaden our customer base while improving the quality of financial services that cater to the diverse needs of customers. The goal of Domestic Retail is to provide high-quality financial services and our broaden customer base. Through these efforts, we continue to steadily increase assets in custody. Table of Contents Achievement 1: Increase in assets. We made thorough preparations to accept personally-held stock certificates in specially designated brokerage accounts.
By December 31, , the first cut-off date, we received a huge number of stock certificates into these accounts. Nomura still leads the way in JGBs for individuals. We strive to provide a wide range of products that meet the investment needs of individual customers. During the fiscal year ended March 31, , as we approached the lifting of guarantees on bank deposits, we achieved solid sales by offering various products that met the market needs such as JGBs for individuals, which have taken root as an important asset investment product for individual customers, investment trusts offering frequent distributions, funds of funds, and foreign bonds denominated in various currencies.
Our sales amount exceeds that of any other financial institution, including the postal savings system. Making Nomura more accessible to customers. In December , city banks and regional banks were allowed to enter the securities intermediary businesses. This move enlarges the window to securities trading, and is anticipated to attract to new investors to the securities markets who may have been unfamiliar with investing in securities due to the lack of contact.
In this respect, we feel that it is extremely important to collaborate with other financial institutions in this area. The seminars cover various topics to help women take charge of their finances. These seminars have proven to be extremely popular. As of the end of March, a total of 3, women had participated in 73 seminars held at branches throughout Japan. We will continue to provide services that truly satisfy customers to make ourselves more accessible. To accommodate for the expansion of our businesses and to improve mobility in new businesses, Global Wholesale was reorganized in April into three business lines: Global Markets, Global Investment Banking, and Global Merchant Banking.
Global Markets is composed of Global Fixed Income and Global Equity, as well as a new business line, Asset Finance, to accelerate the rate of our global business expansion. Achievement 1: Global and Cross-border Deals. Largest offering of stock-related products in Japanese market by a foreign company.
In January , we served as the lead manager for an exchangeable bond 1. Besides the sheer size of the bond issue, it was a new idea to issue such kind of exchangeable bonds to individual investors in Japan. These points attracted much attention, and brought recognition for Japanese individual investors as well as for the Nomura Group.
This major deal was the fruit of Group-wide synergies, made possible by the close relations developed over the decades between Global Wholesale and KfW as well as other top-tier overseas bond issuers and the utmost trust that overseas businesses place in the solid sales network of Domestic Retail. Table of Contents Achievement 2: Competitiveness in Underwriting.
Leader in the league tables in all three equity areas for two consecutive years. Achievement 2. Source: Thomson Financial based on actual figures in calendar year As industrial realignment gains full steam, we have achieved an impressive track record. Besides serving as a financial advisor for numerous transactions concerning the Industrial Revitalization Corporation of Japan, we have acted as a financial advisor in a major merger deal in the pharmaceutical industry between Sankyo and Daiichi Pharmaceutical.
Achievement 4: Major investment deals of Nomura Principal Finance. Acquired majority stock in Millennium Retailing. During the fiscal year ended March 31, , the acceleration of corporate group reorganizations in Japan presented a lucrative timing for investment. We took advantage of the opportunity by investing aggressively, substantially increasing both the number of transactions and investment balance.
Among the transactions, the largest was the investment in Millennium Retailing. Sogo is a chain of eleven stores in such cities as Yokohama and Chiba. This fall, Sogo plans to open a store in Shinsaibashi, Osaka. Seibu Department Stores maintains a chain of eighteen stores, including those in Ikebukuro and Shibuya. Under the leadership of management, the department store chains are making steady progress in operations. On the other hand, the department store chains urgently needed additional capital for investments to expand operations and enhance group synergies.
We will speed up restructuring such as remodeling the stores to improve profitability further, and will seek to offer shares of Millennium Retailing to the public in the near future. Table of Contents n Asset Management. Due to an increase in customer demand for investment trusts that offer frequent distributions, we increased the number of products in our line-up that provide for more frequent payouts to customers. The resulting increase in outstanding assets invested in such funds has contributed to overall improvement in revenue.
Table of Contents Goals and Strategy. Our goals in Asset Management are to increase assets under management in the asset management business and serve as a plan administrator and custodian to more companies in the defined contribution pension plan business. Achievement 1: Investment trust business in Domestic Retail. Asset balance increases funds offering frequent distributions. As investment environments featured by low interest rates are prevailing, investors have shown an increasing interest in investment trusts with more frequent payouts, such as the monthly distribution fund.
In order to meet such investor needs, we have created new funds to enhance our product line. The product line allows each investor to choose a fund that best suits his or her portfolio. Consequently, the asset balance in these funds has increased. Table of Contents Achievement 2: Investment trust business through banks.
Asset balance in funds offered solely through banks increases. Banks continue to handle an increasing share of investment trusts, and this is an important sales channel that we need to build up. As a result, we now handle seven funds designed especially for bank customers. Achievement 3: Defined contribution pension plan business. Offering an increasing number of products and serving as plan administrator and custodian to more companies. As a greater number of companies implement the defined contribution pension plan, we have striven to provide plan administrator and custodian services to more customers and increase the product line by offering a wide range of consistent services including plan implementation support and plan designing consultation, investment education services for implementing companies, and the sale of investment trust products.
Table of Contents Consolidated Financial Information. Consolidated Balance Sheet Summary. Loans and receivables. Collateralized agreements. Trading assets and private equity investments. Other assets. Private equity entities buildings, land, equipment and furniture and fixtures.
Payables and deposits. Collateralized financing. Trading liabilities. Other liabilities. Total liabilities. Book value per share. Table of Contents Loans and Receivables. Collateralized Agreements. Trading Assets and Private Equity Investments. Trading assets and private equity investments include securities such as stocks, government bonds, and corporate bonds held for trading purposes, derivative contracts such as swaps and options held for trading purposes, and private equity investments.
Payables and Deposits. Payables and deposits include payables to customers and guaranty money received. Collateralized Financing. This account includes securities sold under agreements to repurchase Repo transactions , securities loaned including equity securities loaned and debt securities loaned. Trading Liabilities. This account includes securities such as stocks, government bonds, and corporate bonds written for trading purposes, as well as derivative contracts such as swaps and options written for trading purposes.
From the fiscal year ended March 31, , some of the consolidated figures are shown as amounts specific to companies in which we have private equity investments out of total consolidated figures. Year ended. March 31, Non-interest expenses:. Asset management and portfolio service fees rose From the fiscal year ended March 31, , items which are applicable to consolidated companies in which we have private equity investments are presented in either a new classification or as part of another item.
Table of Contents Corporate Citizenship. Special Olympics is an international organization dedicated to supporting children and adults with intellectual disabilities by providing them with year-round sports training and athletic competition in a variety of Olympic-type sports, giving them continuing opportunities to showcase their courage and effort and raise their level of independence and participation in society. By learning how money works, students will gain a deeper understanding of how society and the economy function.
Written as a story, the book features Tomoko, a financial planner, who explains to junior high school students in her neighborhood how finance and economy work. Each chapter begins with comic pages and uses numerous illustrations to make the book easy reading for junior high school students.
Schoolteachers have praised the book as an innovative introductory textbook on finance. Special Sponsorship of Nikkei Stock League. Nikkei Stock League, organized by Nihon Keizai Shimbun, Inc, is a contest for junior high school, high school, and college students to learn about portfolios and write reports on themes of their choice. Students seriously contemplate which stocks to include in their portfolios. They carefully investigate newspaper articles, access Web sites of corporations, and some even visit companies to collect information.
Based on the information that they have personally collected, students select and invest in stocks, and then write a report. The investment performance and content of reports are evaluated, and the winning team is invited to take a training trip to the United States. The wining team of the fifth competition was a group of first-year high school students from Doshisha High School. Since the first competition in , more than 17, entrants have participated.
We wish to help this generation and the next generation take a step in the right direction. We consider it a privilege to help visitors to Global House understand the wisdom of nature, and recognize the preciousness of the global environment. Number of common stock issued: 1,,, shares. Number of shareholders: , Number of shareholders holding one unit or more: , Stock exchange listings:. Number of employees consolidated basis : 14, Dividends per share.
Executive Officers. This report contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about our business, our industry and capital markets around the world. These forward-looking statements are subject to various risks and uncertainties.
These statements discuss future expectations, identify strategies, contain projections of our results of operations or financial condition, or state other forward-looking information. Known and unknown risks, uncertainties and other factors may cause our actual results, performance, achievements or financial position expressed or implied by any forward-looking statement in this report.
Tokyo, May 31, The stock repurchase program, originally announced on May 18, , has been authorized for the period between May 19 and June 23, , and is in accordance with Article of the Commercial Code. Details of stock repurchase activity for the period between May 19 and May 31, are as follows:.
Details of the stock repurchase program authorized at the Board of Directors held on May 18, are as follows:. Cumulative data through May 31, is as follows:. Table of Contents Notes to editors:. Tokyo, June 1, The Nomura corporate website will provide a transcript of the proceedings, an agenda item time record and photographs. On June 28, proceedings can also be accessed during business hours via computers installed at sales corners in branch offices throughout Japan.
Issue Date of Stock Acquisition Rights. Issue Price of Stock Acquisition Rights. Ratio of Split or Consolidation. Number of Outstanding Shares. Number of Newly Issued Shares. Paid-in Amount per Share. Exercise Period of Stock Acquisition Rights. Conditions for the Exercise of Stock Acquisition Rights.
Stock acquisition rights may not be exercised partly. The Optionee, at the time of exercising the stock acquisition rights, does not fall within either of the following categories:. There is any other reason similar to a. Regarding successors of the Optionee, the Optionee must have satisfied both conditions in 2.
Restriction on Transfer of Stock Acquisition Rights. Certificates of Stock Acquisition Rights. Number of Stock Acquisition Rights Holders. Revenue is set to rise by about one-third, led by private financing and dealmaking in India and Australia, he said, while warning that some transactions in China may be affected by the COVID outbreak. For global firms in the region, it can be harder to make money from investment banking than in Europe and America because of lower fees and the high cost of running operations in multiple countries.
In India, he increased the emphasis on financing and the capital markets business rather than mergers advice, because many companies there need access to funds for growth. In Australia, he built a sponsor business from scratch, helping private equity funds execute deals. Private financing, which involves giving loans against collateral, has been growing in India and Australia in the past few years, Teshima said. The bank set up a joint entity with the markets division two years ago to better structure financing deals when advising clients on stock and bond transactions and mergers.
One growth area is to provide leverage to hedge funds and insurers to purchase high-yield bonds underwritten by the bank, allowing it to earn multiple fees from one transaction, he said. Australia and India contribute about 20 percent and 15 percent of Asia investment banking revenue outside of Japan, respectively, while China is the biggest market, making up about 40 percent, Teshima said.
Deals involving public fund raising in China may be affected by the coronavirus outbreak and the U.
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