Nomura Expects To Profit From Partial Sale Of NRI Stake

Nomura intends to sell a part of NRI's common stock (13 million shares), citing the need to maximize asset utilization.

The deal is planned to take place between December 5, 2022, and December 7, 2022.

Nomura plans to register a gain on the sale of affiliate shares (amount unspecified) in its FY2022/23 full-year and third-quarter consolidated and non-consolidated financial statements in connection with the transaction.

NRI will continue to be a Nomura equity method affiliate. NRI continues to be an essential affiliate for Nomura's business strategy, and the two firms will continue to form commercial ties and collaborations.

For details on the Offering, please refer to “NRI Announces Secondary Offering of Shares and Disposal of Treasury Stock by Third-Party Allotment and Change of Largest Shareholder (which is also a Principal Shareholder)” published by NRI dated today.

• Shares to be sold

• A portion of the shares of common stock of NRI held by Nomura (13,000,000 shares)

• Reason for sale Effective use of assets

• Expected date

• A certain date between December 5, 2022, and December 7, 2022

• Future outlook

• 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.

About Nomura

Nomura is a multinational financial services conglomerate with a network that spans more than 30 nations and regions. Nomura serves the requirements of people, institutions, corporations, and governments via its three business divisions: retail, investment management, and wholesale (Global Markets and Investment Banking). The business, which was founded in 1925, is based on a heritage of disciplined entrepreneurship, providing customers with unique solutions and thoughtful thought leadership.

You may check for more of Nomura here: https://www.wikifx.com/en/dealer/6861537031.html


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