History of the Nomura Group — Contributing to the Development of Capital Markets for 91 Years 40,000 120

107.7 Retail Client Assets

Pursue long-term growth by responding (rhs, trillions of yen) About Nomura to clients’ needs and providing Nikkei Stock Average a wide range of financial services (lhs, yen)

Since its inception in 1925, the Nomura Group has continually expanded its product and service offerings, developed its global operations and reinforced its corporate governance systems. Our Founder set forth ten principles that, even today, lie at the heart of Nomura’s operations. Among these founding principles is a description of Nomura’s raison d’être or mission to “enrich the nation through the securities business.”

We will continue to contribute to economic growth and a more fulfilling society by delivering superior services Strategies for Value Creation and solutions to meet all of our clients’ investment needs.

20,000 60 Unchanged from time of founding Changes from time of founding

1926 2000 2017 Founder’s Principles Net revenue (billions of yen) — 1,062.7 1,403.2 Retail client assets (trillions of yen) — 62.4 107.7 “Nomura’s mission is to Employees 84 14,823 28,186

enrich the nation Branches in 5 126 158 Strengths Supporting Value Creation through the securities Personnel working outside of Japan (%) — 19 42 business.” Aggregate number of participants iDeCo-Expansion in financial education programs — 0.3* 77 of eligibility (tens of thousands of people) * Figures as of March 31, 2001 Start of Nippon Individual Savings Account program

Introduction of the Games of the XVIII electronic share Olympiad in Japan’s “ nancial Big Bang” certi cate system

Collapse of End of WWII bubble economy Global nancial crisis 0 Corporate Information / Data 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2017

91 Years of contributing to the development of capital markets -1927 1947 1961 1968 1970 1980 Early 1990s 1994 2003 Operations centered on Public offering of 8 power stocks First American Depositary Receipts issued Nippon Gakki (currently Yamaha) First issuance of samurai bonds Development and commencement of Adoption of Open Architecture: Global offering conducted by Commence of government bond underwriting and sale of (currently electricity stocks) by Japanese company ( Corporation) conducted public stock offering by by overseas entity (Asian sales of the Medium-Term Japanese offering products managed by Japan Telecom, when listing on issuance targeting individual public and corporate bonds issuing Japan’s first shares at Development Bank) Government Bond Fund a wide range of asset stock market investors by Ministry of Finance 1949 1962 market value managers 1941 Issuance of Japan’s first First overseas issuance of convertible 1972 1987 1994 2015 Sale of Japan’s first convertible bonds (I unit bonds by a Japanese company (Shin Deregulation of foreign Nippon Telegraph and Telephone (NTT) listed on stock Three Japan Post Group listed on investment trust products Takashimaya convertible bonds) Mitsubishi Heavy Industries [currently investment trust sales in Japan listed on stock market market stock market Mitsubishi Heavy Industries])

History of the Nomura Group

1925 1927 1959 1967 1969 1981 1993 2001 2008 2016 The Securities Department of Opened representative office in Founded Nomura Securities Investment Established Nomura International Established Nomura Established Nomura Investment Established The Nomura Trust Formed a holding company Absorbed the personnel of Entered into a strategic Nomura Bank split off New York Trust (Hong Kong) Securities International, Management and Banking structure; Lehman Brothers Asia alliance with American into a separate company, a U.S. subsidiary listed its shares on the New York Pacific and its European and Century Investments Nomura Securities 1961 1981 Stock Exchange Middle Eastern divisions Nomura Securities listed its shares on the Established Nomura International, , Osaka Securities a U.K. subsidiary 10 Nomura Report 2017 Exchange, and Stock Exchange Nomura Report 2017 11