Nomura participates in secondary offering at NRI
In line with earlier FNG reports, Nomura Holdings, Inc. 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 NRI.
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.