Nomura Holdings, Inc today announced that it has resolved to participate in a secondary offering at Nomura Research Institute, Ltd. (NRI) as a seller and sell a portion of the shares of common stock it holds in NRI.

Nomura plans to sell a portion of the shares of common stock of NRI (13 million shares), with the reason for the sale being the effective use of assets.

The expected date of the transaction is between December 5, 2022, and December 7, 2022.

In conjunction with the sale, Nomura expects to book a gain on the sale of shares of affiliates (amount undetermined) in its FY2022/23 full year and third quarter consolidated and 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.