Nomura acquires Nomura Research Institute shares
Nomura Holdings, Inc. today announced that wholly owned subsidiary Nomura Properties, Inc. (NPR) resolved at its annual general meeting of shareholders to distribute a portion of the shares it holds in Nomura Research Institute, Ltd. (NRI) to Nomura in the form of dividends in kind.
The acquisition constitutes not less than five percent of NRI shares on a voting rights basis, and is therefore considered a “buying up” of shares equivalent to a tender offer under Article 167, paragraph (1) of the Financial Instruments and Exchange Act and Article 31 of the Enforcement Order of the act.
By acquiring the shares, Nomura aims to drive efficiencies in the management of its equity holdings. Since the total number of NRI shares held by Nomura will remain the same on a consolidated basis after the acquisition, NRI will continue to be an equity method affiliate of Nomura.
The acquisition date of the shares is scheduled to be June 30, 2023.