{"url_path":"/sec/nmr/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 Directors, Senior Management and Employees","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1163653/0001193125-26-277134-index.html","accession_number":"0001193125-26-277134","cik":"0001163653","ticker":"NMR","issuer_name":"NOMURA HOLDINGS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1163653/0001193125-26-277134-index.html","primary_entity_key":"0001163653","primary_entity_name":"NOMURA HOLDINGS INC"},"word_count":13174,"has_tables":true,"body_markdown":"Item 6. Directors, Senior Management and Employees\n\nA. Directors and Senior Management.\n\n1  The following table presents information about our directors and executive officers as of June 22, 2026, the date of the filing of this annual report.\n\n(1) Directors\n\n \n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nKoji Nagai\n\n(Jan. 25, 1959)\n\n  \n\nDirector\n\nChairman of the Board Directors\n\nDirector and Chairman of Nomura Securities Co., Ltd.\n\n  \nApr. 1981\n  \nJoined the Company\n\n  \nApr. 2003\n  \nDirector of Nomura Securities Co., Ltd.\n\n  \nJun. 2003\n  \nExecutive Officer of Nomura Securities Co., Ltd.\n\n  \nApr. 2007\n  \nExecutive Officer (Executive Managing Director) of Nomura Securities Co., Ltd.\n\n  \nOct. 2008\n  \nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2009\n  \nExecutive Officer and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2011\n  \nCo-COO and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2012\n  \n\nSenior Managing Director of the Company\n\nDirector, Representative Executive Officer and President of Nomura Securities Co., Ltd.\n\n  \nAug. 2012\n  \n\nRepresentative Executive Officer & Group CEO of the Company\n\nDirector, Representative Executive Officer and President of Nomura Securities Co., Ltd.\n\n  \nJun. 2013\n  \n\nDirector, Representative Executive Officer & Group CEO of the Company\n\nDirector, Representative Executive Officer and President of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nDirector, Representative Executive Officer, President & Group CEO of the Company\n\nDirector and Chairman of Nomura Securities Co., Ltd.\n\n  \nApr. 2020\n  \n\nDirector and Chairman of the Company (Current)\n\nDirector and Chairman of Nomura Securities Co., Ltd. (Current)\n\n \n\n104\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nKentaro Okuda\n\n(Nov. 7, 1963)\n\n  \n\nDirector, Representative Executive Officer, President and Group CEO\n\nRepresentative Director and President of Nomura Securities Co., Ltd.\n\n  \nApr. 1987\n  \nJoined the Company\n\n  \nApr. 2010\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2012\n  \nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nAug. 2012\n  \n\nSenior Corporate Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2013\n  \n\nSenior Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2015\n  \n\nSenior Managing Director of the Company\n\nExecutive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2016\n  \n\nSenior Managing Director of the Company\n\nExecutive Officer and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nSenior Managing Director of the Company\n\nExecutive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2018\n  \n\nExecutive Officer and Group Co-COO of the Company\n\nDirector, Executive Officer and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \nExecutive Officer, Deputy President and Group Co-COO of the Company\n\n  \nApr. 2020\n  \n\nRepresentative Executive Officer, President & Group CEO of the Company\n\nRepresentative Director of Nomura Securities Co., Ltd.\n\n  \nJun. 2020\n  \n\nDirector, Representative Executive Officer, President & Group CEO of the Company\n\nRepresentative Director of Nomura Securities Co., Ltd.\n\n  \nJun. 2021\n  \n\nDirector, Representative Executive Officer, President & Group CEO of the Company (Current)\n\nRepresentative Director and President of Nomura Securities Co., Ltd. (Current)\n\n \n\n105\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nYutaka Nakajima\n\n(Aug. 2, 1965)\n\n  \n\nDirector, Representative Executive Officer and Deputy President\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 1988\n  \nJoined the Company\n\n  \nApr. 2011\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nMay 2015\n  \nSenior Managing Director of the Company\n\n  \nApr. 2016\n  \n\nSenior Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nSenior Managing Director of the Company\n\nExecutive Managing Director and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2018\n  \n\nSenior Managing Director of the Company\n\nExecutive Managing Director and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nSenior Managing Director of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \n\nSenior Managing Director of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2023\n  \n\nRepresentative Executive Officer and Deputy President of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nJun. 2023\n  \n\nDirector, Representative Executive Officer and Deputy President of the Company (Current)\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd. (Current)\n\n \n\n106\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nShoji Ogawa\n\n(Aug. 9, 1964)\n\n  \n\nDirector\n\nMember of the Audit Committee (full-time)\n\nMember of the Board Risk Committee\n\nNon-Executive Director of Nomura Holding America Inc.\n\nNon-Executive Director of Instinet Incorporated\n\n  \nApr. 1987\n  \nJoined the Company\n\n  \nApr. 2007\n  \nHead of Investment Banking Strategic Planning Dept of Nomura Securities Co., Ltd.\n\n  \nOct. 2008\n  \nHead of Capital Markets Dept. and Capital Solutions Dept. of Nomura Securities Co., Ltd.\n\n  \nJul. 2009\n  \nHead of Capital Markets Dept. of Nomura Securities Co., Ltd.\n\n  \nApr. 2012\n  \nHead of Investment Banking Strategic Planning Dept. of Nomura Securities Co., Ltd.\n\n  \nJul. 2013\n  \n\nHead of Office of Audit Committee of the Company\n\nHead of Office of Audit Committee of Nomura Securities Co., Ltd.\n\n  \nAug. 2016\n  \n\nHead of Office of Non-Executive Directors and Audit Committee of the Company\n\nHead of Office of Non-Executive Directors and Audit Committee of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nSenior Managing Director and Group Internal Audit of the Company\n\nSenior Managing Director and Internal Audit of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \nAdvisor of the Company\n\n  \nJun. 2021\n  \nDirector of the Company (Current)\n\nVictor Chu\n\n(Jun. 20, 1957)\n\n  \n\nOutside Director\n\nMember of the Audit Committee\n\nChairman and Chief Executive Officer of First Eastern Investment Group\n\nChair of Council, University College London\n\nCo-Chair, International Business Council of the World Economic Forum\n\n  \nDec. 1982\n  \nSolicitor of the Supreme Court, Hong Kong\n\n  \nJan. 1988\n  \nChairman and Chief Executive Officer of First Eastern Investment Group (Current)\n\n  \nOct. 1988\n  \nDirector and Council Member of the Hong Kong Stock Exchange\n\n  \nJun. 1992\n  \nAdvisory Committee Member of the Securities and Futures Commission, Hong Kong\n\n  \nAug. 2003\n  \nFoundation Board Member of the World Economic Forum\n\n  \nApr. 2018\n  \nIndependent Director of Airbus SE\n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\n \n\n107\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nJ. Christopher Giancarlo\n\n(May 12, 1959)\n\n  \n\nOutside Director\n\nMember of the Board Risk Committee\n\nChair of the Board of Directors of Digital Dollar Project\n\nIndependent Director of Digital Asset Holdings, LLC\n\nIndependent Director of Paxos Trust Company LLC\n\nIndependent Director of Nomura Securities International, Inc.\n\nIndependent Director of Nomura Global Financial Products Inc.\n\n  \nSep. 1984\n  \nAssociate Attorney of Mudge Rose Guthrie Alexander & Ferdon\n\n  \nOct. 1985\n  \nAssociate Attorney of Curtis, Mallet-Prevost, Colt & Mosle\n\n  \nJan. 1992\n  \nAttorney, Founding Partner of Giancarlo & Gleiberman\n\n  \nSep. 1997\n  \nAttorney, (Equity) Partner of Thelen Reid Brown Raysman & Steiner\n\n  \nApr. 2000\n  \nVice President and Legal Counsel of Fenics Software\n\n  \nApr. 2001\n  \nExecutive Vice President of GFI Group Inc.\n\n  \nJun. 2014\n  \nCommissioner of the U.S. Commodity Futures Trading Commission\n\n  \nJan. 2017\n  \nChairman of the U.S. Commodity Futures Trading Commission\n\n  \nOct. 2019\n  \nIndependent Director of the American Financial Exchange\n\n  \nJan. 2020\n  \nSenior Counsel of Willkie Farr & Gallagher LLP\n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\n \n\n108\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nPatricia Mosser\n\n(Feb. 14, 1956)\n\n  \n\nOutside Director\n\nChairperson of the Board Risk Committee\n\nSpecial Research Scholar*\n\nDirector of Central Banking and Financial Policy*\n\n \n\n*Positions at Columbia University’s School of International and Public Affairs\n\nIndependent Director of Nomura Holding America Inc.\n\n  \nJul. 1986\n  \nAssistant Professor, Economics Department, Columbia University\n\n  \nJan. 1991\n  \nEconomist and Vice President of the Federal Reserve Bank of New York (FRBNY)\n\n  \nNov. 2006\n  \nSenior Vice President, FRBNY, Member of the FX Forum, Executive Meeting of East Asia and Pacific (EMEAP) Central Banks, Bank for International Settlements\n\n  \nJan. 2007\n  \nBoard Member of the American Economic Association’s Committee on the Status of Women in the Economics Profession\n\n  \nJun. 2007\n  \nMember of the Markets Committee, Bank for International Settlements\n\n  \nJan. 2009\n  \nActing Systemic Open Market Account Manager for the Federal Open Market Committee (FOMC)\n\n  \nOct. 2013\n  \nDeputy Director of the Office of Financial Research (OFR), U.S. Treasury Department\n\n  \nOct. 2013\n  \nMember of the Deputies Committee of the Financial Stability Oversight Council (FSOC)\n\n  \n\n  \nJun. 2015\n  \n\nSenior Research Scholar at Columbia University’s School of International and Public Affairs (Columbia SIPA)\n\nDirector of Central Banking and Financial Policy at Columbia SIPA (Current)\n\n  \n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\n  \n\n  \nJul. 2025\n  \nSpecial Research Scholar at Columbia SIPA (Current)\n\n \n\n109\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nTakahisa Takahara\n\n(Jul. 12, 1961)\n\n  \n\nOutside Director\n\nMember of the Nomination Committee\n\nMember of the Compensation Committee\n\nRepresentative Director, President & CEO of Unicharm Corporation\n\nOutside Director of Sumitomo Corporation\n\n  \nApr. 1986\n  \nJoined The Sanwa Bank, Ltd. (currently MUFG Bank, Ltd.)\n\n  \nApr. 1991\n  \nJoined Unicharm Corporation\n\n  \nJun. 1995\n  \nDirector of Unicharm Corporation\n\n  \nApr. 1996\n  \nDirector, General Manager of Procurement Division and Deputy General Manager of International Division of Unicharm Corporation\n\n  \nJun. 1997\n  \nSenior Director of Unicharm Corporation\n\n  \nApr. 1998\n  \nSenior Director, General Manager of Feminine Hygiene Business Division of Unicharm Corporation\n\n  \nOct. 2000\n  \nSenior Director, Responsible for Management Strategy of Unicharm Corporation\n\n  \nJun. 2001\n  \nRepresentative Director, President of Unicharm Corporation\n\n  \nJun. 2004\n  \nRepresentative Director, President & CEO of Unicharm Corporation (Current)\n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\nMiyuki Ishiguro\n\n(Oct. 26, 1964)\n\n  \n\nOutside Director\n\nMember of the Nomination Committee\n\nMember of the Compensation Committee\n\nMember of the Board Risk Committee\n\nPartner of Nagashima Ohno & Tsunematsu\n\nOutside Director of Lasertec Corporation\n\nOutside Director of Hakuhodo DY Holdings Inc. (to be appointed)\n\n  \nApr. 1991\n  \nRegistered as an Attorney-at-Law and Joined Tsunematsu Yanase & Sekine (currently Nagashima Ohno & Tsunematsu)\n\n  \nJan. 1999\n  \nPartner of Tsunematsu Yanase & Sekine\n\n  \nJan. 2000\n  \nPartner of Nagashima Ohno & Tsunematsu(Current)\n\n  \nOct. 2004\n  \nVisiting Professor, Columbia Law School\n\n  \nMay 2015\n  \nSecretary General of the Inter-Pacific Bar Association (IPBA)\n\n  \nFeb. 2016\n  \nCouncil Member of the Radio Regulatory Council (Ministry of Internal Affairs and Communications)\n\n  \nApr. 2016\n  \nCouncil Member of the Management Council of Hitotsubashi University\n\n  \nApr. 2018\n  \nVice President of the Tokyo Bar Association\n\n  \nJun. 2023\n  \nOutside Director of the Company (Current)\n\n  \nApr. 2024\n  \nPresident of the Inter-Pacific Bar Association (IPBA)\n\n \n\n110\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nMasahiro Ishizuka\n\n(Apr. 21, 1960)\n\n  \n\nOutside Director\n\nChairman of the Audit Committee\n\nDirector of Nomura Securities Co., Ltd.\n\n  \nOct. 1984\n  \nJoined Deloitte Haskins and Sells International (*1)\n\n  \nApr. 1988\n  \nRegistered as a Certified Public Accountant\n\n  \nJun. 1997\n  \nPartner of Tohmatsu & Co. (*1)\n\n  \nJan. 1998\n  \nDeloitte & Touche LLP based in New York\n\n  \nOct. 2004\n  \nHead of Audit and Technology Dept. of Business Administrative Division, of Tohmatsu & Co. (*1)\n\n  \nAug. 2010\n  \nVice Chairman of the Audit Standards Committee of the Japanese Institute of Certified Public Accountants\n\n  \nOct. 2010\n  \nHead of Office of Manual, of Quality Administrative Division, of Deloitte Touche Tohmatsu LLC\n\n  \nNov. 2015\n  \nThe Board Member of Deloitte Tohmatsu LLC (*2)\n\n  \nJun. 2017\n  \nExecutive Officer, General Manager of the Reputation Quality Risk Management Office of Deloitte Tohmatsu LLC (*2) and Deloitte Touche Tohmatsu LLC\n\n  \nJun. 2022\n  \nEthics Officer of Deloitte Tohmatsu Group\n\n  \n\n  \nJun. 2023\n  \nOutside Director of the Company (Current)\n\n  \nApr. 2024\n  \nDirector of Nomura Securities Co., Ltd. (Current)\n\n  \n\n(*1)Each of the corporations is currently Deloitte Touche Tohmatsu LLC\n\n(*2)The corporation is currently Deloitte Tohmatsu Group Japan LLC\n\nTaku Oshima\n\n(Jul. 14, 1956)\n\n  \n\nOutside Director\n\nChairman of the Nomination Committee\n\nChairman of the Compensation Committee\n\nChairman and Representative Director of NGK Corporation\n\nOutside Director of Central Japan Railway Company\n\nOutside Director of Toho Gas Co., Ltd..\n\n  \nMar. 1980\n  \n\nJoined NGK INSULATORS, LTD.\n\n(currently NGK Corporation)\n\n  \nJun. 2007\n  \nCorporate Officer of NGK INSULATORS, LTD.\n\n  \nJun. 2011\n  \nCorporate Executive Officer of NGK INSULATORS, LTD.\n\n  \nJun. 2014\n  \nPresident and Representative Director of NGK INSULATORS, LTD.\n\n  \nApr. 2021\n  \nChairman and Representative Director of NGK INSULATORS, LTD. (Current)\n\n  \nJun. 2024\n  \nOutside Director of the Company (Current)\n\n \n\n111\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nNellie Liang\n\n(Oct. 23, 1957)\n\n  \n\nOutside Director\n\nMember of the Board Risk Committee\n\nSenior Fellow, Economic Studies, Brookings Institution\n\nIndependent Director of Nomura Holding America Inc.\n\n  \nJan. 2006\n  \nAssociate Director, Division of Research and Statistics, U.S. Federal Reserve Board (FRB)\n\n  \nNov. 2010\n  \nDirector, Division of Financial Stability, FRB\n\n  \nMay 2016\n  \nMember, Panel of Economic Advisors, U.S. Congressional Budget Office\n\n  \nMar. 2017\n  \nSenior Fellow, Economic Studies, Brookings Institution\n\n  \nApr. 2017\n  \nVisiting Scholar, Monetary and Capital Markets Department, International Monetary Fund (IMF)\n\n  \nAug. 2018\n  \nLecturer, Yale University School of Management\n\n  \nJul. 2021\n  \nUnder Secretary for Domestic Finance, U.S. Department of the Treasury\n\n  \nMar. 2023\n  \nChair, Standing Committee on Assessment of Vulnerabilities (SCAV), Financial Stability Board (FSB)\n\n  \nMar. 2025\n  \nSenior Fellow, Economic Studies, Brookings Institution (Current)\n\n  \nJun. 2025\n  \nOutside Director of the Company (Current)\n\nAmong the directors listed above Victor Chu, J. Christopher Giancarlo, Patricia Mosser, Takahisa Takahara, Miyuki Ishiguro, Masahiro Ishizuka, Taku Oshima and Nellie Liang satisfy the requirements for an “Outside Director” under the Companies Act.\n\n \n\n112\n\n##### Table of Contents\n\n(2) Executive Officers\n\n \n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nKentaro Okuda\n\n(Nov. 7, 1963)\n\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n\nYutaka Nakajima\n\n(Aug. 2, 1965)\n\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n\nToshiyasu Iiyama\n\n(Feb. 24, 1965)\n\n  \n\nExecutive Officer and Deputy President\n\nChief of Staff\n\nHead of Well Growing Institute\n\nHead of China Committee\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 1987\n  \nJoined the Company\n\n  \nApr. 2012\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2015\n  \n\nSenior Managing Director of the Company\n\nSenior Managing Director of Nomura\n\nSecurities Co., Ltd.\n\n  \nApr. 2016\n  \n\nSenior Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2018\n  \n\nSenior Managing Director of the Company\n\nExecutive Officer and Executive Vice\n\nPresident of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nSenior Managing Director of the Company\n\nExecutive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2020\n  \n\nSenior Managing Director of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \n\nExecutive Officer and Chief Health Officer of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2023\n  \n\nExecutive Officer, Deputy President and Chief of Staff of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \n\n  \nApr. 2026\n  \n\nExecutive Officer, Deputy President, Chief of Staff and Head of Well Growing Institute of the Company (Current)\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd. (Current)\n\n \n\n113\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nChristopher Willcox\n\n(Feb. 25, 1968)\n\n  \n\nExecutive Officer and Deputy President\n\nHead of Wholesale\n\nChairman of Investment Management\n\n  \nMay 2014\n  \nCEO of J.P. Morgan Asset Management Inc.\n\n  \nMay 2021\n  \n\nDirector and Co-CEO of Nomura Holding America Inc.\n\nDirector, President and CEO of Nomura Securities International, Inc.\n\nDirector, President and CEO of Nomura Global Financial Products Inc.\n\n  \nApr. 2022\n  \n\nDirector, President and CEO of Nomura Holding America Inc.\n\nDirector, President and CEO of Nomura Securities International, Inc.\n\nDirector, President and CEO of Nomura Global Financial Products Inc.\n\n  \nOct. 2022\n  \nExecutive Officer and Head of Wholesale of the Company (based in New York)\n\n  \nApr. 2025\n  \nExecutive Officer, Head of Wholesale and Chairman of Investment Management of the Company (based in New York)\n\n  \nApr. 2026\n  \nExecutive Officer, Deputy President, Head of Wholesale and Chairman of Investment Management of the Company (based in New York) (Current)\n\nGo Sugiyama\n\n(Nov. 19, 1971)\n\n  \n\nExecutive Officer and Deputy President\n\nHead of Banking\n\nRepresentative Director and President of The Nomura Trust and Banking Co., Ltd.\n\n  \nApr. 1995\n  \nJoined the Company\n\n  \nApr. 2018\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nSenior Managing Director of the Company\n\nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2022\n  \n\nSenior Managing Director and Head of Retail of the Company (currently Head of Wealth Management)\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2026\n  \n\nExecutive Officer, Deputy President and Head of Banking of the Company (Current)\n\nRepresentative Director and President of The Nomura Trust and Banking Co., Ltd. (Current)\n\n \n\n114\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nTakumi Kitamura\n\n(Nov. 26, 1966)\n\n  \n\nExecutive Officer\n\nChief Transformation Officer\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 1990\n  \nJoined the Company\n\n  \nApr. 2016\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nExecutive Officer and Financial Officer of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nOct. 2021\n  \n\nExecutive Officer, Chief Financial Officer and Chief Administrative Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2022\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nDirector,and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2024\n  \n\nExecutive Officer, Chief Financial Officer and Chief Transformation Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2025\n  \n\nExecutive Officer, Chief Financial Officer and Chief Transformation Officer of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nJun. 2025\n  \n\nExecutive Officer and Chief Transformation Officer of the Company (Current)\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd. (Current)\n\n \n\n115\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nSotaro Kato\n\n(Oct. 9, 1969)\n\n  \n\nExecutive Officer\n\nChief Risk Officer\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\nDirector of Nomura Holding America Inc.\n\n  \nSep. 2002\n  \nJoined the Company\n\n  \nApr. 2020\n  \n\nExecutive Officer and Chief Risk Officer of the Company (based in New York)\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2025\n  \n\nExecutive Officer and Chief Risk Officer of the Company (based in New York) (Current)\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd (Current)\n\nHiroyuki Moriuchi\n\n(Aug. 22, 1976)\n\n  \n\nExecutive Officer\n\nChief Financial Officer\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 1999\n  \nJoined the Company\n\n  \nApr. 2023\n  \n\nSenior Managing Director and Chief Strategy Officer of the Company\n\nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2025\n  \n\nSenior Managing Director, Group Finance of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nJun. 2025\n  \n\nExecutive Officer and Chief Financial Officer of the Company (Current)\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd. (Current)\n\n \n\n116\n\n##### Table of Contents\n\n2  We have proposed an agenda item titled “Appointment of Eleven Directors” as a matter to be proposed for resolution by the Annual General Meeting of Shareholders on June 23, 2026. If this proposal is approved, the status of our directors and executive officers will be as presented in the table below.\n\nThe following table includes matters expected to be resolved by the Board of Directors immediately after the Annual General Meeting of Shareholders.\n\n(1) Directors\n\n \n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nKoji Nagai\n\n(Jan. 25, 1959)\n\n  \n\nDirector\n\nChairman of the Board Directors\n\nDirector and Chairman of Nomura Securities Co., Ltd.\n\n  \nApr. 1981\n  \nJoined the Company\n\n  \nApr. 2003\n  \nDirector of Nomura Securities Co., Ltd.\n\n  \nJun. 2003\n  \nExecutive Officer of Nomura Securities Co., Ltd.\n\n  \nApr. 2007\n  \nExecutive Officer (Executive Managing Director) of Nomura Securities Co., Ltd.\n\n  \nOct. 2008\n  \nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2009\n  \nExecutive Officer and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2011\n  \nCo-COO and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2012\n  \n\nSenior Managing Director of the Company\n\nDirector, Representative Executive Officer and President of Nomura Securities Co., Ltd.\n\n  \nAug. 2012\n  \n\nRepresentative Executive Officer & Group CEO of the Company\n\nDirector, Representative Executive Officer and President of Nomura Securities Co., Ltd.\n\n  \nJun. 2013\n  \n\nDirector, Representative Executive Officer & Group CEO of the Company\n\nDirector, Representative Executive Officer and President of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nDirector, Representative Executive Officer, President & Group CEO of the Company\n\nDirector and Chairman of Nomura Securities Co., Ltd.\n\n  \nApr. 2020\n  \n\nDirector and Chairman of the Company (Current)\n\nDirector and Chairman of Nomura Securities Co., Ltd. (Current)\n\n \n\n117\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nKentaro Okuda\n\n(Nov. 7, 1963)\n\n  \nDirector, Representative Executive Officer, President and Group CEO Representative Director and President of Nomura Securities Co., Ltd.\n  \nApr. 1987\n  \nJoined the Company\n\n  \nApr. 2010\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2012\n  \nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nAug. 2012\n  \n\nSenior Corporate Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2013\n  \n\nSenior Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2015\n  \n\nSenior Managing Director of the Company\n\nExecutive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2016\n  \n\nSenior Managing Director of the Company\n\nExecutive Officer and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nSenior Managing Director of the Company\n\nExecutive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2018\n  \n\nExecutive Officer and Group Co-COO of the Company\n\nDirector, Executive Officer and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \nExecutive Officer, Deputy President and Group Co-COO of the Company\n\n  \nApr. 2020\n  \n\nRepresentative Executive Officer, President & Group CEO of the Company\n\nRepresentative Director of Nomura Securities Co., Ltd.\n\n  \nJun. 2020\n  \n\nDirector, Representative Executive Officer, President & Group CEO of the Company\n\nRepresentative Director of Nomura Securities Co., Ltd.\n\n  \nJun. 2021\n  \n\nDirector, Representative Executive Officer, President & Group CEO of the Company (Current)\n\nRepresentative Director and President of Nomura Securities Co., Ltd. (Current)\n\n \n\n118\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nYutaka Nakajima\n\n(Aug. 2, 1965)\n\n  \nDirector, Representative Executive Officer and Deputy President Representative Director and Deputy President of Nomura Securities Co., Ltd.\n  \nApr. 1988\n  \nJoined the Company\n\n  \nApr. 2011\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nMay 2015\n  \nSenior Managing Director of the Company\n\n  \nApr. 2016\n  \n\nSenior Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nSenior Managing Director of the Company\n\nExecutive Managing Director and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2018\n  \n\nSenior Managing Director of the Company\n\nExecutive Managing Director and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nSenior Managing Director of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \n\nSenior Managing Director of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2023\n  \n\nRepresentative Executive Officer and Deputy President of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nJun. 2023\n  \n\nDirector, Representative Executive Officer and Deputy President of the Company (Current)\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd. (Current)\n\n \n\n119\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nShoji Ogawa\n\n(Aug. 9, 1964)\n\n  \n\nDirector\n\nMember of the Audit Committee (full-time)\n\nMember of the Board Risk Committee\n\nNon-Executive Director of Nomura Holding America Inc.\n\nNon-Executive Director of Instinet Incorporated\n\n  \nApr. 1987\n  \nJoined the Company\n\n  \nApr. 2007\n  \nHead of Investment Banking Strategic Planning Dept of Nomura Securities Co., Ltd.\n\n  \nOct. 2008\n  \nHead of Capital Markets Dept. and Capital Solutions Dept. of Nomura Securities Co., Ltd.\n\n  \nJul. 2009\n  \nHead of Capital Markets Dept. of Nomura Securities Co., Ltd.\n\n  \nApr. 2012\n  \nHead of Investment Banking Strategic Planning Dept. of Nomura Securities Co., Ltd.\n\n  \nJul. 2013\n  \n\nHead of Office of Audit Committee of the Company\n\nHead of Office of Audit Committee of Nomura Securities Co., Ltd.\n\n  \nAug. 2016\n  \n\nHead of Office of Non-Executive Directors and Audit Committee of the Company\n\nHead of Office of Non-Executive Directors and Audit Committee of Nomura Securities Co., Ltd.\n\n  \nApr. 2017\n  \n\nSenior Managing Director and Group Internal Audit of the Company\n\nSenior Managing Director and Internal Audit of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \nAdvisor of the Company\n\n  \nJun. 2021\n  \nDirector of the Company (Current)\n\nVictor Chu\n\n(Jun. 20, 1957)\n\n  \n\nOutside Director\n\nMember of the Audit Committee\n\nChairman and Chief Executive Officer of First Eastern Investment Group\n\nChair of Council, University College London\n\nCo-Chair, International Business Council of the World Economic Forum\n\n  \nDec. 1982\n  \nSolicitor of the Supreme Court, Hong Kong\n\n  \nJan. 1988\n  \nChairman and Chief Executive Officer of First Eastern Investment Group (Current)\n\n  \nOct. 1988\n  \nDirector and Council Member of the Hong Kong Stock Exchange\n\n  \nJun. 1992\n  \nAdvisory Committee Member of the Securities and Futures Commission, Hong Kong\n\n  \nAug. 2003\n  \nFoundation Board Member of the World Economic Forum\n\n  \nApr. 2018\n  \nIndependent Director of Airbus SE\n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\n \n\n120\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nPatricia Mosser\n\n(Feb. 14, 1956)\n\n  \n\nOutside Director\n\nChairperson of the Board Risk Committee\n\nSpecial Research Scholar*\n\nDirector of Central Banking and Financial Policy*\n\n*Positions at Columbia University’s School of International and Public Affairs\n\nIndependent Director of Nomura Holding America Inc.\n\n  \nJul. 1986\n  \nAssistant Professor, Economics Department, Columbia University\n\n  \nJan. 1991\n  \nEconomist and Vice President of the Federal Reserve Bank of New York (FRBNY)\n\n  \nNov. 2006\n  \nSenior Vice President, FRBNY, Member of the FX Forum, Executive Meeting of East Asia and Pacific (EMEAP) Central Banks, Bank for International Settlements\n\n  \nJan. 2007\n  \nBoard Member of the American Economic Association’s Committee on the Status of Women in the Economics Profession\n\n  \nJun. 2007\n  \nMember of the Markets Committee, Bank for International Settlements\n\n  \nJan. 2009\n  \nActing Systemic Open Market Account Manager for the Federal Open Market Committee (FOMC)\n\n  \nOct. 2013\n  \nDeputy Director of the Office of Financial Research (OFR), U.S. Treasury Department\n\n  \nOct. 2013\n  \nMember of the Deputies Committee of the Financial Stability Oversight Council (FSOC)\n\n  \nJun. 2015\n  \n\nSenior Research Scholar at Columbia University’s School of International and Public Affairs (Columbia SIPA)\n\nDirector of Central Banking and Financial Policy at Columbia SIPA (Current)\n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\n  \n\n  \nJul. 2025\n  \nSpecial Research Scholar at Columbia SIPA (Current)\n\n \n\n121\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nTakahisa Takahara\n\n(Jul. 12, 1961)\n\n  \n\nOutside Director\n\nMember of the Nomination Committee\n\nMember of the Compensation Committee\n\nRepresentative Director, President & CEO of Unicharm Corporation\n\nOutside Director of Sumitomo Corporation\n\n  \nApr. 1986\n  \nJoined The Sanwa Bank, Ltd. (currently MUFG Bank, Ltd.)\n\n  \nApr. 1991\n  \nJoined Unicharm Corporation\n\n  \nJun. 1995\n  \nDirector of Unicharm Corporation\n\n  \nApr. 1996\n  \nDirector, General Manager of Procurement Division and Deputy General Manager of International Division of Unicharm Corporation\n\n  \nJun. 1997\n  \nSenior Director of Unicharm Corporation\n\n  \nApr. 1998\n  \nSenior Director, General Manager of Feminine Hygiene Business Division of Unicharm Corporation\n\n  \nOct. 2000\n  \nSenior Director, Responsible for Management Strategy of Unicharm Corporation\n\n  \nJun. 2001\n  \nRepresentative Director, President of Unicharm Corporation\n\n  \nJun. 2004\n  \nRepresentative Director, President & CEO of Unicharm Corporation (Current)\n\n  \nJun. 2021\n  \nOutside Director of the Company (Current)\n\nMiyuki Ishiguro\n\n(Oct. 26, 1964)\n\n  \n\nOutside Director\n\nMember of the Nomination Committee\n\nMember of the Compensation Committee\n\nMember of the Board Risk Committee\n\nPartner of Nagashima Ohno & Tsunematsu\n\nOutside Director of Lasertec Corporation\n\nOutside Director of Hakuhodo DY Holdings Inc. (to be appointed)\n\n  \nApr. 1991\n  \nRegistered as an Attorney-at-Law and Joined Tsunematsu Yanase & Sekine (currently Nagashima Ohno & Tsunematsu)\n\n  \nJan. 1999\n  \nPartner of Tsunematsu Yanase & Sekine\n\n  \nJan. 2000\n  \nPartner of Nagashima Ohno & Tsunematsu(Current)\n\n  \nOct. 2004\n  \nVisiting Professor, Columbia Law School\n\n  \nMay 2015\n  \nSecretary General of the Inter-Pacific Bar Association (IPBA)\n\n  \nFeb. 2016\n  \nCouncil Member of the Radio Regulatory Council (Ministry of Internal Affairs and Communications)\n\n  \nApr. 2016\n  \nCouncil Member of the Management Council of Hitotsubashi University\n\n  \nApr. 2018\n  \nVice President of the Tokyo Bar Association\n\n  \nJun. 2023\n  \nOutside Director of the Company (Current)\n\n  \n\n  \nApr. 2024\n  \nPresident of the Inter-Pacific Bar Association (IPBA)\n\n \n\n122\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nMasahiro Ishizuka\n\n(Apr. 21, 1960)\n\n  \n\nOutside Director\n\nChairman of the Audit Committee\n\nDirector of Nomura Securities Co., Ltd.\n\n  \nOct. 1984\n  \nJoined Deloitte Haskins and Sells International (*1)\n\n  \nApr. 1988\n  \nRegistered as a Certified Public Accountant\n\n  \nJun. 1997\n  \nPartner of Tohmatsu & Co. (*1)\n\n  \nJan. 1998\n  \nDeloitte & Touche LLP based in New York\n\n  \nOct. 2004\n  \nHead of Audit and Technology Dept. of Business Administrative Division, of Tohmatsu & Co. (*1)\n\n  \nAug. 2010\n  \nVice Chairman of the Audit Standards Committee of the Japanese Institute of Certified Public Accountants\n\n  \nOct. 2010\n  \nHead of Office of Manual, of Quality Administrative Division, of Deloitte Touche Tohmatsu LLC\n\n  \nNov. 2015\n  \nThe Board Member of Deloitte Tohmatsu LLC (*2)\n\n  \n\nJun.2017\n\n  \nExecutive Officer, General Manager of the Reputation Quality Risk Management Office of Deloitte Tohmatsu LLC (*2) and Deloitte Touche Tohmatsu LLC\n\n  \n\n  \nJun. 2022\n  \nEthics Officer of Deloitte Tohmatsu Group\n\n  \nJun. 2023\n  \nOutside Director of the Company (Current)\n\n  \nApr. 2024\n  \nDirector of Nomura Securities Co., Ltd. (Current)\n\n  \n\n(*1)  Each of the corporations is currently Deloitte Touche Tohmatsu LLC\n\n(*2)  The corporation is currently Deloitte Tohmatsu Group Japan LLC\n\n \n\n123\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nTaku Oshima\n\n(Jul. 14, 1956)\n\n  \n\nOutside Director\n\nChairman of the Nomination Committee\n\nChairman of the Compensation Committee\n\nChairman and Representative Director of NGK Corporation\n\nOutside Director of Central Japan Railway Company\n\nOutside Director of Toho Gas Co., Ltd.\n\n  \nMar. 1980\n  \n\nJoined NGK INSULATORS, LTD.\n\n(currently NGK Corporation)\n\n  \nJun. 2007\n  \nCorporate Officer of NGK INSULATORS, LTD.\n\n  \nJun. 2011\n  \nCorporate Executive Officer of NGK INSULATORS, LTD.\n\n  \nJun. 2014\n  \nPresident and Representative Director of NGK INSULATORS, LTD.\n\n  \nApr. 2021\n  \nChairman and Representative Director of NGK INSULATORS, LTD. (Current)\n\n  \nJun. 2024\n  \nOutside Director of the Company (Current)\n\nNellie Liang\n\n(Oct. 23, 1957)\n\n  \n\nOutside Director\n\nMember of the Board Risk Committee\n\nSenior Fellow, Economic Studies, Brookings Institution\n\nIndependent Director of Nomura Holding America Inc.\n\n  \nJan. 2006\n  \nAssociate Director, Division of Research and Statistics, U.S. Federal Reserve Board (FRB)\n\n  \nNov. 2010\n  \nDirector, Division of Financial Stability, FRB\n\n  \nMay 2016\n  \nMember, Panel of Economic Advisors, U.S. Congressional Budget Office\n\n  \nMar. 2017\n  \nSenior Fellow, Economic Studies, Brookings Institution\n\n  \n\n  \nApr. 2017\n  \nVisiting Scholar, Monetary and Capital Markets Department, International Monetary Fund (IMF)\n\n  \n\n  \nAug. 2018\n  \nLecturer, Yale University School of Management\n\n  \n\n  \n\nJul.2021\n\n  \nUnder Secretary for Domestic Finance, U.S. Department of the Treasury\n\n  \n\n  \nMar. 2023\n  \nChair, Standing Committee on Assessment of Vulnerabilities (SCAV), Financial Stability Board (FSB)\n\n  \nMar. 2025\n  \nSenior Fellow, Economic Studies, Brookings Institution (Current)\n\n  \nJun. 2025\n  \nOutside Director of the Company (Current)\n\nAmong the directors listed above Victor Chu, Patricia Mosser, Takahisa Takahara, Miyuki Ishiguro, Masahiro Ishizuka, Taku Oshima, and Nellie Liang satisfy the requirements for an “Outside Director” under the Companies Act.\n\n \n\n124\n\n##### Table of Contents\n\n(2) Executive Officers\n\n \n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nKentaro Okuda\n\n(Nov. 7, 1963)\n\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n\nYutaka Nakajima\n\n(Aug. 2, 1965)\n\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n  \nSee “Directors” in paragraph 1 under this Item 6.A.\n\nToshiyasu Iiyama\n\n(Feb. 24, 1965)\n\n  \n\nExecutive Officer and Deputy President Chief of Staff\n\nHead of Well Growing Institute\n\nHead of China Committee\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 1987\n  \nJoined the Company\n\n  \nApr. 2012\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2015\n  \n\nSenior Managing Director of the Company\n\nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2016\n  \n\nSenior Managing Director of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2018\n  \n\nSenior Managing Director of the Company\n\nExecutive Officer and Executive Vice President of Nomura Securities\n\nCo., Ltd.\n\n  \nApr. 2019\n  \n\nSenior Managing Director of the Company\n\nExecutive Vice President of Nomura Securities Co., Ltd.\n\n  \nApr. 2020\n  \n\nSenior Managing Director of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \n\nExecutive Officer and Chief Health Officer of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 2023\n  \n\nExecutive Officer, Deputy President and Chief of Staff of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \n\n  \nApr. 2026\n  \n\nExecutive Officer, Deputy President, Chief of Staff and Head of Well Growing Institute of the Company (Current)\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd. (Current)\n\n \n\n125\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nChristopher Willcox\n\n(Feb. 25, 1968)\n\n  \n\nExecutive Officer and Deputy President\n\nHead of Wholesale\n\nChairman of Investment Management\n\n  \nMay 2014\n  \nCEO of J.P. Morgan Asset Management Inc.\n\n  \nMay 2021\n  \n\nDirector and Co-CEO of Nomura Holding America Inc.\n\nDirector, President and CEO of Nomura Securities International, Inc.\n\nDirector, President and CEO of Nomura Global Financial Products Inc.\n\n  \nApr. 2022\n  \n\nDirector, President and CEO of Nomura Holding America Inc.\n\nDirector, President and CEO of Nomura Securities International, Inc.\n\nDirector, President and CEO of Nomura Global Financial Products Inc.\n\n  \nOct. 2022\n  \nExecutive Officer and Head of Wholesale of the Company (based in New York)\n\n  \nApr. 2025\n  \nExecutive Officer, Head of Wholesale and Chairman of Investment Management of the Company (based in New York)\n\n  \n\n  \nApr. 2026\n  \nExecutive Officer, Deputy President, Head of Wholesale and Chairman of Investment Management of the Company (based in New York) (Current)\n\nGo Sugiyama\n\n(Nov. 19, 1971)\n\n  \n\nExecutive Officer and Deputy President\n\nHead of Banking\n\nRepresentative Director and President of The Nomura Trust and Banking Co., Ltd.\n\n  \nApr. 1995\n  \nJoined the Company\n\n  \nApr. 2018\n  \nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nSenior Managing Director of the Company\n\nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2022\n  \n\nSenior Managing Director and Head of Retail of the Company (currently Head of Wealth Management)\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \n\n  \nApr. 2026\n  \n\nExecutive Officer, Deputy President and Head of Banking of the Company (Current)\n\nRepresentative Director and President of The Nomura Trust and Banking Co., Ltd. (Current)\n\n \n\n126\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nTakumi Kitamura\n\n(Nov. 26, 1966)\n\n  \n\nExecutive Officer\n\nChief Transformation Officer\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \nApr. 1990\n  \nJoined the Company\n\n  \nApr. 2016\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nExecutive Officer and Financial Officer of Nomura Securities Co., Ltd.\n\n  \nApr. 2019\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2021\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \nOct. 2021\n  \n\nExecutive Officer, Chief Financial Officer and Chief Administrative Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \n\n  \nApr. 2022\n  \n\nExecutive Officer and Chief Financial Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \n\n  \nApr. 2024\n  \n\nExecutive Officer, Chief Financial Officer and Chief Transformation Officer of the Company\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\n  \n\n  \nApr. 2025\n  \n\nExecutive Officer, Chief Financial Officer and Chief Transformation Officer of the Company\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd.\n\n  \n\n  \nJun. 2025\n  \n\nExecutive Officer and Chief Transformation Officer of the Company (Current)\n\nRepresentative Director and Deputy President of Nomura Securities Co., Ltd. (Current)\n\n \n\n127\n\n##### Table of Contents\n\nName\n\n(Date of Birth)\n\n  \n\nResponsibilities and Status within Nomura/\n\nOther Principal Business Activities\n\n  \n\nBusiness Experience\n\nSotaro Kato\n\n(Oct. 9, 1969)\n\n  \n\nExecutive Officer\n\nChief Risk Officer\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd.\n\nDirector of Nomura Holding America Inc.\n\n  \nSep. 2002\n  \nJoined the Company\n\n  \nApr. 2020\n  \n\nExecutive Officer and Chief Risk Officer of the Company (based in New York)\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2025\n  \n\nExecutive Officer and Chief Risk Officer of the Company (based in New York) (Current)\n\nDirector and Executive Vice President of Nomura Securities Co., Ltd (Current)\n\nHiroyuki Moriuchi\n\n(Aug. 22, 1976)\n\n  \n\nExecutive Officer\n\nChief Financial Officer\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 1999\n  \nJoined the Company\n\n  \nApr. 2023\n  \n\nSenior Managing Director and Chief Strategy Officer of the Company\n\nSenior Managing Director of Nomura Securities Co., Ltd.\n\n  \nApr. 2025\n  \n\nSenior Managing Director, Group Finance of the Company\n\nSenior Corporate Managing Director of Nomura Securities Co., Ltd.\n\n  \nJun. 2025\n  \n\nExecutive Officer and Chief Financial Officer of the Company (Current)\n\nDirector and Senior Corporate Managing Director of Nomura Securities Co., Ltd. (Current)\n\n \n\n128\n\n##### Table of Contents\n\nB. Compensation for Statutory Officers\n\nOur compensation program for our Statutory Officers is outlined as follows. “Statutory Officers” refer to directors and executive officers of NHI.\n\n1. Compensation Policy\n\nCompensation for Statutory Officers is subject to two policies: the Nomura Group compensation policy that applies to our employees and Statutory Officers (“Basic Policy”), and the Compensation Policy for Directors and Executive Officers of NHI (“Policy for Statutory Officers”) that applies to Statutory Officers. We have developed these policies to enable us to achieve sustainable growth, deliver long-term growth in shareholder value, deliver excellence to our clients, enhance our competitive strength in the global markets and enhance our reputation. The Compensation Committee reviews and updates these policies. We also have established Compensation Recovery Policy separately.\n\nWe have established a compensation policy for our officers and employees, including senior managing directors of NHI and directors of our subsidiaries but excluding our Statutory Officers. This policy is referred to as our “Employee Policy.”\n\n(1) Basic Policy\n\nCompensation Governance\n\nAs a Company with Three Board Committees, as defined under Japanese Companies Act, NHI has established an independent statutory Compensation Committee which comprises primarily Outside Directors as members. The Committee has established both our Basic Policy and our Compensation Policy for Statutory Officers, based on which compensation for Statutory Officers is determined.\n\nWith respect to the relevant policies and total compensation for our officers and employees other than Statutory Officers, decisions regarding employment and remuneration matters are delegated to our “Human Resources Committee” (“HRC”) by the Executive Management Board of NHI. The HRC is chaired by the Group CEO and an individual appointed by the chairman, taking into account financial and risk management perspectives. The HRC determines above matters with support from respective remuneration committees in each region.\n\nThe HRC establishes the Compensation Recovery Policy of NHI to comply with, among others, the U.S. Securities Exchange Act of 1934, as amended, and determines matters with respect to compensation of covered officers who are statutory officers of NHI under Japanese law, and is responsible for the management, operation, interpretation and administration of such.\n\nCompensation Policies and Practices for Nomura Group’s Talent\n\nWe recognize that our employees are key in pursuing our Purpose, which is “We aspire to create a better world by harnessing the power of financial markets.”\n\nCompensation for Nomura Group’s Talent is designed to support achieving sustainable corporate growth, increasing corporate value over the medium and long-term and maintaining sound and effective risk management, while contributing to the interest of our shareholders. In addition, to ensure that we attract, retain, motivate and develop talent, the level and structure of remuneration takes into account the roles and responsibilities of individuals as well as the market pay levels in Japan and overseas, and in line with any relevant laws and regulatory expectations.\n\n \n\n129\n\n##### Table of Contents\n\n(i) Sustainable corporate growth and increasing corporate value over the medium and long term\n\nOur employee compensation policies aim to reinforce our corporate philosophy, to promote healthy corporate culture and behavior in line with our “Code of Conduct” and to align to our commitment to sustainability considerations.\n\nBased on a pay-for-performance principle, our employee compensation programs are designed to be sound and competitive in the market and aligned to our strategic objectives and the goal of sustainable growth and increasing corporate value over the medium and long-term.\n\n(ii) Sound and effective risk management\n\nWe seek to maintain sound and effective risk management with an appropriate risk appetite. We update performance measurement metrics and indicators used for determining compensation by considering both financial and non-financial risks underlying each business. Qualitative factors such as conduct, compliance, professional ethics and corporate philosophy are also considered in determining the final amount of remuneration provided to each officer and employee, which may include a reduction in compensation as a result of disciplinary actions.\n\nIn addition, when granting compensation, it shall be specified that in the event of a material revision of financial statements or a material violation of applicable laws and regulations or Nomura Group rules and policies, compensation may be subject to reduction, suspension, forfeiture of rights, cancellation, offset by other compensation, or repayment (so-called “clawback”).\n\n(iii) Alignment of interests with shareholders\n\nCertain of our officers and employees’ remuneration package includes stock-based compensation awards linked to share price of NHI with an appropriate deferral period applied, in order to align with shareholders’ interests.\n\nApproval and Revision of the Basic Policy\n\nThe approval, amendment or repeal of the Basic Policy is governed by our Compensation Committee of NHI.\n\n(2) Policy for Statutory Officers\n\nCompensation of Statutory Officers is divided into fixed compensation and performance-linked compensation, with fixed compensation consisting of base salary and performance-linked compensation consisting of an annual bonus and long-term incentive plans. In order to provide incentives for the improvement of medium-to long-term corporate value and to align the interests of shareholders, a portion of the compensation is paid through stock-based compensation awards with specified deferral periods.\n\n(less than)Composition of Compensation for Statutory Officers(greater than)\n\n \n\nFixed Compensation\n  \nPerformance-linked Compensation\n\nBase salary\n  \nAnnual Bonuses\n  \nLong-term Incentive Plan\n\nFixed Compensation\n\n \n\n \n•\n \n\nBase salary is paid in cash and determined based on factors such as professional background, career history, responsibilities and compensation standards of related business fields.\n\n \n\n130\n\n##### Table of Contents\n\nPerformance-linked Compensation\n\n \n\n \n•\n \n\nWith respect to the Group CEO, given the overall responsibility of business execution of the Nomura Group, the basic amount of the performance-linked compensation is calculated based on the level of achievement in actual value(s) against the target value(s) of key performance indicator(s) and performance metrics that form the basis for their calculation. In addition, qualitative evaluation competitor benchmarking is also reflected when determining final annual bonus amount.\n\n \n\n \n•\n \n\nWith respect to Statutory Officers, the amount of annual bonus is determined with the annual bonus of Group CEO as standard baseline, taking into consideration roles and responsibilities, local remuneration regulations and compensation levels in each jurisdiction etc., in addition to a qualitative evaluation of individual performance.\n\n \n\n \n•\n \n\nAudit Committee members and outside directors are not bonus-eligible in order to maintain and ensure their independence from business execution.\n\n(i) Annual Bonuses\n\nIn principle, certain portion of any annual bonus payment should be deferred.\n\n(ii) Long-term Incentive Plan\n\nPayments under long-term incentive plans are made when a certain degree of achievements are accomplished.\n\nPayments are made in stock-based compensation awards.\n\nWhen granting compensation, in the event of voluntary resignation, a material revision of financial statements or a material violation of applicable laws and regulations or Nomura Group rules and policies, compensation of Statutory Officers may be subject to reduction, suspension, forfeiture of rights, cancellation, offset by other compensation, or repayment (so-called “clawback”).\n\n(3) Employee Policy\n\nBased on our “Basic Policy”, we have established our Employee Policy which applies to our officers and employees, including senior managing directors of NHI and directors of subsidiaries of NHI, but excluding our Statutory Officers.\n\nMatters not provided for in our Employee Policy are governed by the provisions of our Basic Policy.\n\nCompensation Governance\n\nSupervised by the HRC, regional committees governing employee compensation are composed of representatives of Finance, Risk Management, Compliance, Human Resources, and other departments as appropriate. These regional committees implement our global compensation governance rules.\n\nThe proposed compensation of control function departments (such as Risk Management, Compliance, and Internal Audit) is not permitted to be determined by our front office business and performance evaluation of employees in these departments is not permitted to be determined solely by the financial performance of the business they support.\n\nCompensation Policies and Practices\n\nWe recognize that our employees are key in pursuing our Purpose, which is “We aspire to create a better world by harnessing the power of financial markets.”\n\n \n\n131\n\n##### Table of Contents\n\nCompensation for our employees is designed to support achieving sustainable corporate growth, increasing corporate value over the medium and long-term and maintaining sound and effective risk management, while at the same time positively contributing to the interest of our shareholders. In addition, to ensure that we attract, retain, motivate and develop talent, the level and structure of remuneration takes into account the roles and responsibilities of individuals as well as market pay levels in Japan and overseas, in line with any relevant laws and regulatory expectations.\n\n(i) Sustainable corporate growth and increasing corporate value over the medium and long term\n\nThe compensation policies for our employees aim to embody the Purpose which is “We aspire to create a better world by harnessing the power of financial markets” and our “Values of Entrepreneurial Leadership, Teamwork and Integrity”, to promote a healthy, diverse corporate culture and the right behavior in line with our “Code of Conduct” and to facilitate a greater alignment with sustainability considerations.\n\nBased on a pay-for-performance principle, our compensation programs are designed to be sound and competitive in the market and aligned to our strategic objectives and the goal of sustainable growth and increasing corporate value over the medium and long-term.\n\nCompensation at Nomura reflects and aligns with the performance of the Nomura Group as a whole, its divisions, as well as individual employees, taking into account both business strategy and market considerations.\n\n(ii) Sound and effective risk management\n\nWe seek to maintain sound and effective risk management with an appropriate risk appetite. We apply its performance measurement standards and indicators when determining compensation considering both financial and non-financial risks in each business, taking a holistic approach. Qualitative factors such as conduct, compliance, professional ethics and corporate philosophy are considered in determining the final amount of remuneration provided to each officer and employee, which may include a reduction in compensation.\n\nThe compensation package offered to our employees comprises two key elements:\n\n \n\n \n•\n \n\nFixed compensation — reflects the role, responsibilities and experience of the employee; and\n\n \n\n \n•\n \n\nVariable compensation — designed to incentivize performance, encourage the right behaviors and drive employee growth and development. For higher paid employees, a portion of variable compensation may be deferred, balancing short-term with our medium and long-term interests.\n\nWe seek to balance the components of compensation between fixed and variable according to the employee’s role and seniority. In principle, the proportion of compensation that is deferred increases with employee’s compensation. Guaranteed compensation is allowed only in limited circumstances such as for new hires or, where allowed, strategic business needs. Multi-year guarantees are typically prohibited.\n\nIn addition, when granting compensation, it shall be specified that in the event of a material revision of financial statements or a material violation of applicable laws and regulations or Nomura Group rules and policies, employees’ compensation may be subject to reduction, suspension, forfeiture of rights, cancellation, offset by other compensation, or repayment (so-called “clawback”).\n\n(iii) Alignment of interests with shareholders\n\nDeferred variable compensation intends to align the interests of employees and NHI shareholders, and to encourage a long-term, sustainable approach to senior management and highly paid employees. For Nomura Group employees who receive a certain amount of remuneration, a portion of the remuneration is stock-based compensation awards linked to the price of NHI shares with an appropriate deferral period applicable, in order to align with shareholders’ interests.\n\n \n\n132\n\n##### Table of Contents\n\nApproval and Revision of the Employee Policy\n\nThe approval, amendment or repeal of the Employee Policy can be made by our HRC.\n\n2. Compensation for Statutory Officers\n\n(1) Scheme of Compensation for Statutory Officers\n\nThe following picture presents the scheme of compensation for Statutory Officers.\n\n \n\n(2) Determination method of performance-linked compensation\n\nCompensation of Statutory Officers is divided into fixed compensation and performance-linked compensation, with fixed compensation consisting of base salary and performance-linked compensation consisting of annual bonus and long-term incentive plans. With respect to the President and the Group CEO, the total compensation, which consists of fixed compensation and performance linked compensation, is determined by considering quantitative factors as well as qualitative factors including competitor benchmarking etc. With respect to Statutory Officers, their Annual Bonus and Total Compensation are determined based on the ones of the Group CEO, reflecting individual roles and responsibilities, respective jurisdiction’s regulations and compensation level etc. in addition to the qualitative elements. For the Long-Term Incentive Plan, see “(3) Matters related to Stock Compensation and Non-Monetary Compensation (iii) PSU as the Long-Term Incentive Plan.”\n\n \n\n133\n\n##### Table of Contents\n\n(i) Quantitative elements\n\nIn order to ensure alignment with Nomura Group’s management vision and business strategy, we select key performance indicators and performance metrics that form the basis for its calculation. Additionally, we choose stock price-related indicators to promote alignment of interests with shareholders. In the current fiscal year, NHI achieved the target of 8-10%+ for ROE.\n\n \n\nType of elements\n  \nItem\n  \n\nActual for the year ended\n\nMarch 31, 2026\n\nProfit and loss\n  \nNet revenue\n  \n¥2,167.7 billion\n\n  \nRevenue cost coverage ratio(1)\n  \n75.1%\n\n  \nIncome before income taxes\n  \n¥539.8 billion\n\nPer share information\n  \nEarnings per Share (“EPS”)\n  \n¥118.99\n\nCapital efficiency\n  \nROE\n  \n10.1%\n\nShareholder returns\n  \nTotal Shareholder Return (“TSR”)(2)\n  \n138.2%\n\n(Notes)\n\n \n\n1.\n\nRatio calculated by dividing Total non-interest expenses by Net revenue\n\n2.\n\nThe value obtained by dividing the total of fluctuations in the price of NHI shares and dividends in the current fiscal year by the NHI share price at the end of the previous business year.\n\n(ii) Qualitative elements\n\nTo promote enhancement of Nomura Group’s corporate value and the realization of a sustainable society, we have selected strategic management, as well as initiatives related to community, talent, and inclusion, as evaluation criteria.\n\n(3) Matters relating to Stock Based Compensation and Non-Monetary Compensation\n\n(i) Outline of current Stock Based Compensation Awards\n\nThe outline of current Stock Based Compensation Awards is as follows.\n\n \n\nType of award\n \nKey features\n\nRestricted Stock Units (“RSUs”)\n\n \n\n•\n\nSettled in the Company’s common stock.\n\n \n\n•\n\nGraded vesting period is set as three years in principle.\n\n \n \n\nNotional Stock Units (“NSUs”)\n\n \n\n•\n\nLinked to the price of the Company’s common stock and cash-settled in local currency.\n\n \n\n•\n\nGraded vesting period is set as three years in principle.\n\n \n \n\nPerformance Share Units (“PSUs”)\n\n \n\n•\n\nThe number of shares to be awarded will be determined based on the achievement of the performance targets during the three—fiscal—year performance evaluation period.\n\n(ii) Stock Based Compensation as Non-Monetary Compensation\n\nIn principle, half of the aggregate amount of the Annual Bonus of the Statutory Officers is paid in deferred compensation and we use RSUs that qualify as non-cash compensation. Furthermore, the Company has introduced PSUs as a long-term incentive plan.\n\n \n\n134\n\n##### Table of Contents\n\n(iii) PSU as the Long-Term Incentive Plan\n\nUnder NHI’s PSU program, the base number of NHI shares to be granted is initially determined based on Nomura’s performance and other factors of the previous fiscal year. Following the performance period, the number of NHI shares to be awarded will vary from 0% to 150% of the base number of NHI shares depending on the degree of achievement of the performance targets for the three fiscal years. The settlement of the PSU will be primarily in NHI common shares held as treasury stock.\n\nThe performance indicators used in the evaluation are ROE and TSR. Please refer to the following for details.\n\nPerformance indicators selected as Basis of calculation\n\nIn order to enhance NHI’s corporate value over the medium-to long-term and to align NHI’s interests with those of its shareholders, a combination of ROE (average value over the performance evaluation period) and TSR (absolute value over the performance evaluation period) will be the basis to calculate the award amount.\n\nCalculation Method for the base number of shares and the number of shares to be granted\n\n \n\n \n•\n \n\nCalculation method for the base number of shares:\n\nThe base number of NHI shares shall be calculated by dividing the amount determined with reference to the performance and qualitative evaluation of the target fiscal year, as well as competitor benchmarking with the NHI share price at the time of grant.\n\n \n\n \n•\n \n\nCalculation method for the number of NHI shares to be granted:\n\nAfter the end of the performance evaluation period, the number of NHI shares to be granted will be calculated in accordance with the following method.\n\n \n\n \n•\n \n\nPerformance Evaluation Indicators and Grant Ratio\n\n \n\n \n \n \n \n\nPerformance Indicators\n \n\nComposition ratio\n\n \n\nChange in the\n\ngrant ratio\n\n  \nEvaluation method\n\nROE\n \n50%\n \n0%~150%\n  \n\nCalculated based on the actual (average) values for the three-year performance evaluation period\n\nTSR\n \n50%\n \n0%~150%\n  \n\nCalculated based on the actual value (absolute value) during the three-year performance evaluation period\n\nThe calculation methods for ROE and TSR, which form the basis for performance evaluation, are as follows:\n\n(less than)ROE(greater than)\n\nIf the actual average value for the performance evaluation period of three years reaches the management goal of 8% set by Nomura Group, a corresponding number of benchmark shares will be granted. If the actual value reaches 5%, 50% of the benchmark shares will be granted, and if it reaches 12% or more, 150% of the benchmark shares will be granted. However, if the actual value does not exceed either the lowest value of the past three business years, including the grant year, or 3%, no grant will occur.\n\n(less than)TSR(greater than)\n\nIf the actual value (absolute value) for the performance evaluation period of three years reaches 125%, a corresponding number of benchmark shares will be granted. However, if the actual value is 100% or below, no grant will occur. Furthermore, if the actual value reaches 150% or more, 150% of the benchmark shares will be granted. The calculation process of the actual value is as follows:\n\n3-Year TSR = (Closing Stock Price (B) + Total Dividends during the performance evaluation period) / Initial Stock Price (A)\n\n \n\n135\n\n##### Table of Contents\n\nA: Initial Stock Price (Average closing price one month before the start of the performance evaluation period)\n\nB: Final Stock Price (Average closing price one month before the end of the performance evaluation period)\n\n \n\n \n•\n \n\nCalculation method for the number of NHI shares to be paid:\n\nThe number of NHI shares to be granted is calculated by multiplying the base number of NHI shares by the weighted average of the grant ratio based on ROE and the grant ratio based on TSR. The base number of NHI shares for the PSU for the year ended March 31, 2026 has been calculated as 541,000 NHI shares, and the number of NHI shares when applying a payout rate of 150% is 811,500 shares.\n\n \n\n \n\n \n•\n \n\nPerformance evaluation period and payment schedule:\n\nThe performance evaluation period shall be three years from the fiscal year in which the base number of PSUs is determined. After the performance evaluation period has concluded, the evaluation shall be finalized and the stock compensation based on PSUs shall be paid.\n\nDelivery Method\n\nThe NHI shares awarded at the end of the performance period will be primarily issued from treasury stock.\n\n(iv) Effect of payment of stock-based compensation as deferred compensation\n\nBy providing equity-linked compensation as deferred compensation, the economic value of the compensation is linked to the stock price of NHI, and a certain vesting period is set.\n\n \n\n \n•\n \n\nAlignment of interests with shareholders.\n\n \n\n \n•\n \n\nMedium to long term incentives and retention by providing an opportunity for the economic value of Deferred Compensation at the time of grant to be increased by a rise in shares during a period of time from grant to vesting.\n\n \n\n \n•\n \n\nPromotion of cross-divisional collaboration and cooperation by providing a common goal of increasing corporate value over the medium to long term.\n\nDue to these benefits, the active use of Deferred Compensation is also recommended by regulators in the key jurisdictions in which we operate.\n\nWith respect to Deferred Compensation in Nomura, a deferral period is generally three or more years from the following fiscal year or later. This is in line with the “Principles for Sound Compensation Practices” issued by the Financial Stability Board which recommends, among other things, a deferral period of three or more years.\n\n3. Compensation for Statutory Officers by Category, Status, and Type\n\nPursuant to the fundamental approach and framework of compensation as described above, and as a company which adopts a committee-based corporate governance system, the Compensation Committee of NHI determines the compensation of NHI’s Statutory Officers in accordance with our compensation policies.\n\n \n\n136\n\n##### Table of Contents\n\n(1) Aggregate Compensation for Statutory Officers\n\nThe following table presents a summary of aggregate compensation awarded to our Statutory Officers for the year ended March 31, 2026.\n\n \n\n \n \nNumber(1)\n \n \nMillions of yen\n \n\n \nYear ended March 31, 2026\n \n\n \nFixed compensation\n \n \nPerformance-linked compensation\n \n \nTotal\n \n\n \nMonetary compensation\n \n \nNon-monetary compensation\n \n\n \nBase salary\n \n \nCash Bonuses\n \n \nNSUs(2)\n \n \nRSUs(2)\n \n \nPSUs(2)\n \n\nDirectors\n\n \n \n11\n \n \n¥\n351\n \n \n¥\n355\n \n \n¥\n437\n \n \n¥\n—\n \n \n¥\n—\n \n \n¥\n1,143\n \n\n(Outside Directors included in above)\n\n \n \n(9\n) \n \n \n(194\n) \n \n \n(—\n) \n \n \n(—\n) \n \n \n(—\n) \n \n \n(—\n) \n \n \n(194\n) \n\nExecutive Officers\n\n \n \n8\n \n \n \n639\n \n \n \n2,720\n \n \n \n3,314\n \n \n \n170\n \n \n \n528\n \n \n \n7,371\n \n\n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n\nTotal\n\n \n \n19\n \n \n¥\n990\n \n \n¥\n3,075\n \n \n¥\n3,751\n \n \n¥\n170\n \n \n¥\n528\n \n \n¥\n8,514\n \n\n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n\n \n\n(1)\n\nIncludes one director and one executive officer who retired in June 2025, and one director and one executive officer who were appointed in the same month. There were ten directors and seven executive officers as of March 31, 2026. Compensation to directors who were concurrently serving as executive officers is included within “Executive Officers.”\n\n(2)\n\nRepresents deferred stock-based compensation awards granted in prior years recognized as expense in the Consolidated Financial Statement of Income for the year ended March 31, 2026. The expense of NSUs is remeasured to fair value at each balance sheet date, while the amounts of RSUs and PSUs are measured at fair value on the grant date. For more details, see Note.1 “Summary of accounting policies” in our consolidated financial statements.\n\n(3)\n\nTotal compensation paid to outside directors for their services to subsidiaries of the Company was ¥72 million for the year ended March 31, 2026.\n\n(2) Compensation of Directors and Executive Officers receiving ¥100 million or above\n\nThe following table presents details of the compensation paid to our Statutory Officers for the year ended March 31, 2026, where such total amount given to the individual is ¥100 million or above. The total amount does not match above “(1) Aggregate Compensation for Statutory Officers” which is recorded as an accounting expense, as it reflects the resolution amount in the compensation committee. In addition, the RSUs, NSUs and PSUs shown in the table below do not represent amounts received by each officer in cash or in shares during the fiscal year.\n\nIn order to ensure that Nomura Group attracts, retains, motivates and develops talent, the level and structure of remuneration takes into account the roles and responsibilities of individuals as well as the market pay levels in Japan and overseas, doing so in line with any relevant laws and regulatory expectations. Additionally, in order to provide incentives for the improvement of medium-to long-term corporate value and to align the interests of shareholders, a portion of the compensation is paid through stock-related incentives with a specified deferral period. Furthermore, with respect to such stock-related incentives, the economic value ultimately received by each officer may vary depending on vesting conditions, performance conditions, NHI share price fluctuations and other factors, and may be subject to reduction, forfeiture or clawback after grant in accordance with the Group’s rules and regulations. For more details, please refer to the above-mentioned “1. Compensation Policy (1) Basic Policy” and “(2) Policy for Statutory Officers.” In the current fiscal year, quantitative indicators were favorable,\n\n \n\n137\n\n##### Table of Contents\n\nnotably with Income before income taxes for the year amounting to ¥539.8 billion and ROE reaching 10.1%, thereby achieving the Company’s management target of 8-10%+ for ROE. Taking this into consideration, the amount of performance-linked compensation has been increased.\n\n \n\n \n \n \n \n \n \nMillions of yen\n \n\n \n \n \n \n \n \nFixed\nCompensation\n \n \nPerformance-linked Compensation\n \n \n \n \n\nName\n\n \nCompany\n \n\nRole\n\n \nCash\n \n \nCash\nBonuses\n \n \nRSUs or\nNSUs(1)\n \n \nPSUs(2)\n \n \nTotal\n \n\nKoji Nagai\n\n \nNomura\n \nChairman of the Board of Directors\n \n¥\n91.2\n \n \n¥\n355.4\n \n \n¥\n355.4\n \n \n¥\n— \n \n \n¥\n802.0\n \n\nKentaro Okuda\n\n \nNomura\n \nDirector, Representative Executive Officer (Group CEO)\n \n¥\n119.4\n \n \n¥\n592.4\n \n \n¥\n592.4\n \n \n¥\n340.4\n \n \n¥\n1,644.6\n \n\nYutaka Nakajima\n\n \nNomura\n \nDirector, Representative Executive Officer\n \n¥\n90.0\n \n \n¥\n325.8\n \n \n¥\n325.8\n \n \n¥\n187.2\n \n \n¥\n928.8\n \n\nToshiyasu Iiyama\n\n \nNomura\n \nExecutive Officer\n \n¥\n86.4\n \n \n¥\n248.8\n \n \n¥\n248.8\n \n \n¥\n— \n \n \n¥\n584.0\n \n\nTakumi Kitamura\n\n \nNomura\n \nExecutive Officer\n \n¥\n80.4\n \n \n¥\n104.8\n \n \n¥\n104.8\n \n \n¥\n— \n \n \n¥\n290.0\n \n\nSotaro Kato\n\n \nNomura\n \nExecutive Officer\n \n¥\n73.2\n \n \n¥\n103.4\n \n \n¥\n103.4\n \n \n¥\n— \n \n \n¥\n280.0\n \n\nHiroyuki Moriuchi(3)\n\n \nNomura\n \nExecutive Officer\n \n¥\n58.2\n \n \n¥\n120.9\n \n \n¥\n120.9\n \n \n¥\n— \n \n \n¥\n300.0\n \n\nChristopher Willcox(4)\n\n \nNomura\n \nExecutive Officer\n \n¥\n113.0\n \n \n¥\n1,223.6\n \n \n¥\n1,223.6\n \n \n¥\n— \n \n \n¥\n2,560.2\n \n\n \n(Unit: thousands of U.S. dollars)\n \n$\n(750.0\n) \n \n$\n(8,125.0\n) \n \n$\n(8,125.0\n) \n \n$\n— \n \n \n$\n(17,000.0)\n \n\n \n\n(1)\n\nAs the payment is deferred over a period of three years following the grant, the amount stated herein differs from the compensation actually received by each individual during the year ended March 31, 2026.\n\n(2)\n\nRepresents expenses recognized for the year ended March 31, 2026.\n\n(3)\n\nAppointed Executive Officer in place of Yosuke Inaida on June 24, 2025.\n\n(4)\n\nThe equivalent U.S. dollar amounts, based on an exchange rate of US$1 = ¥150.6, are presented in parentheses in the row below.\n\n(3) Meetings of our Compensation Committee during the year\n\n(i) Composition of Compensation Committee\n\nOur Compensation Committee is composed of three members below.\n\nChairman: Taku Oshima (Outside Director)\n\nMember: Takahisa Takahara (Outside Director)\n\nMember: Miyuki Ishiguro (Outside Director)(1)\n\n(1) Miyuki Ishiguro was appointed committee member in place of Koji Nagai on June 24, 2025.\n\n(ii) Deliberation matters and attendance status in the Compensation Committee\n\n \n\n138\n\n##### Table of Contents\n\nThe following table presents a summary of the meetings held by our Compensation Committee during the year ended March 31, 2026, a summary of key matters discussed, resolutions passed and attendance by members.\n\n \n\nDate\n\n  \n\nSummary of the discussion and the resolution\n\n  \n\nAttendance records\n\nof the member\n\nApril 25, 2025\n\n  \nResolution:\n  \n\n•\n\nThe annual bonus and Long Term Incentive Plan for the year ended March 31, 2025.\n\n  \nAll members attended\n\nJune 24, 2025\n\n  \nResolution:\n  \n\n•\n\nThe appointment of the director with the right to convene the board of directors meetings.\n\n•\n\nThe director who reports the executions of the committee’s duties to the board of the directors meetings.\n\n•\n\nIndividual base salary of the statutory officers.\n\n•\n\nGranting RSUs and NSUs to the statutory officers.\n\n•\n\nGranting PSUs to the representative executive officers.\n\n•\n\nThe amendment to the Basic Policy.\n\n  \nAll members attended\n\n  \nReporting:\n  \n\n•\n\nSchedule for current fiscal year.\n\n•\n\nThe Policy for statutory officers and the Compensation Recovery Policy.\n\n  \n\nSeptember 25, 2025\n\n  \nDiscussion:\n  \n\n•\n\nEligible Recipients of Long Term Incentive Plan.\n\n•\n\nBase salary of the directors and executive officers.\n\n  \nAll members attended\n\nDecember 4, 2025\n\n  \nResolution:\n  \n\n•\n\nEligible Recipients of Long Term Incentive Plan.\n\n•\n\nBase salary of the directors and executive officers.\n\n  \nAll members attended\n\nMarch 27, 2026\n\n  \nResolution:\n  \n\n•\n\nIndividual base salary of the directors and executive officers effective from April.\n\n  \nAll members attended\n\nThrough discussions and resolutions of the above topics, our Compensation Committee confirmed that compensation for our Statutory Officers in respect of the year ended March 31, 2026 was appropriate and consistent with our relevant compensation policies. A summary of these meetings has been reported to the Board of Directors.\n\n \n\n139\n\n##### Table of Contents\n\nStock Acquisition Rights\n\nThe following table presents information regarding unexercised Stock Acquisition Rights (“SARs”) as of March 31, 2026.\n\n \n\n \n  \n\nMarch 31, 2026\n\n \n\nSeries of SARs\n\n  \n\nAllotment Date\n\n  \nNumber of\nShares\nunder\nSARs(1)\n \n  \n\nExercise Period of SARs\n\n  \nExercise\nPrice per\nShare\nunder\nSARs\n \n  \nPaid-in\nAmount\nfor\nSARs\n \n\nStock Acquisition Rights No.78\n\n  \nJune 9, 2017\n  \n \n28,800\n \n  \n\nFrom April 20, 2021\n\nto April 19, 2026\n\n  \n¥\n1\n \n  \n¥\n312\n \n\nStock Acquisition Rights No.79\n\n  \nJune 9, 2017\n  \n \n68,000\n \n  \n\nFrom April 20, 2022\n\nto April 19, 2027\n\n  \n¥\n1\n \n  \n¥\n303\n \n\nStock Acquisition Rights No.80\n\n  \nJune 9, 2017\n  \n \n12,700\n \n  \n\nFrom April 20, 2023\n\nto April 19, 2028\n\n  \n¥\n1\n \n  \n¥\n282\n \n\nStock Acquisition Rights No.81\n\n  \nJune 9, 2017\n  \n \n15,000\n \n  \n\nFrom April 20, 2024\n\nto April 19, 2029\n\n  \n¥\n1\n \n  \n¥\n273\n \n\n \n\n(1)\n\nThe number of NHI shares issuable under SARs is subject to adjustments under certain circumstances including stock splits.\n\nPension, Retirement or Similar Benefits\n\nSee Note 15 “Employee benefit plans” in our consolidated financial statements included in this annual report.\n\nC. Board Practices.\n\nInformation Concerning Directors\n\nThe Companies Act of Japan states that a “Company with Three Board Committees” must establish three committees; a nomination committee, an audit committee and a compensation committee. The members of each committee are chosen from the company’s directors, and the majority of the members of each committee must be outside directors. At a Company with Three Board Committees, the board of directors is entitled to establish the basic management policy for the company, has decision-making authority over certain prescribed matters, and supervises the execution by the executive officers of their duties. Executive officers and representative executive officers appointed by a resolution adopted by the board of directors manage the business affairs of the company, based on a delegation of authority by the board of directors.\n\nThe Company has a corporate governance structure that separates management oversight functions from business execution functions (“Company with Three Board Committees”). Through this governance structure, the Company aims to strengthen management oversight, increase the transparency of the Company’s management and expedite the decision-making process within the Nomura Group. The Company has, in addition to the Board of Directors and the Nomination/Audit/Compensation committees, established the “Board Risk Committee,” which is a non-statutory committee that has the purpose of deepening the oversight of risk management by the Board of Directors.\n\nAn outline of the Company’s Board of Directors, Nomination Committee, Audit Committee, Compensation Committee and Board Risk Committee is provided below.\n\nBoard of Directors\n\nThe Company’s Board of Directors consists of directors who are elected at a general meeting of shareholders and the Company’s Articles of Incorporation provide that the number of directors shall not exceed\n\n \n\n140\n\n##### Table of Contents\n\ntwenty. The term of office of each director expires upon the conclusion of the ordinary general meeting of shareholders with respect to the last fiscal year ending within one year after their appointment. Directors may serve any number of consecutive terms. From among its members, the Company’s Board of Directors elects a Chairman. The Company’s Board of Directors met eleven times during the year ended March 31, 2026. As a group, the directors attended 98% of the total number of meetings of the Board of Directors during the year. The Board of Directors has the authority to determine the Company’s basic management policy and supervise the execution by the executive officers of their duties. Although the Board of Directors also has the authority to make decisions with regard to the Company’s business, most of this authority has been delegated to the executive officers by a resolution adopted by the Board of Directors. There are no directors’ service contracts with the Company or any of its subsidiaries providing for benefits upon termination of employment. As of the date of submission, the members of the Board of Directors are Koji Nagai, Kentaro Okuda, Yutaka Nakajima, Shoji Ogawa, Victor Chu, J. Christopher Giancarlo, Patricia Mosser, Takahisa Takahara, Miyuki Ishiguro, Masahiro Ishizuka, Taku Oshima and Nellie Liang. Koji Nagai is the Chairman of the Board. The Company has proposed an agenda item titled “Appointment of Eleven Directors” as part of the agenda (Matters to be Resolved) for the 122nd Annual General Meeting of Shareholders scheduled to be held on June 23, 2026. If this agenda item is approved, the members of the Board of Directors will be Koji Nagai, Kentaro Okuda, Yutaka Nakajima, Shoji Ogawa, Victor Chu, Patricia Mosser, Takahisa Takahara, Miyuki Ishiguro, Masahiro Ishizuka, Taku Oshima and Nellie Liang. Koji Nagai is slated to be the Chairman of the Board.\n\nNomination Committee\n\nThe Nomination Committee, in accordance with law and the Company’s Regulations of the Nomination Committee, determines the details of any proposals concerning the election and dismissal of directors to be submitted to general meetings of shareholders by the Board of Directors. The Nomination Committee met six times during the year ended March 31, 2026. As a group, the member directors attended all of the meetings of the Nomination Committee during the year after their appointment as the members of the Nomination Committee. As of the date of submission, the members of the Nomination Committee are outside directors Taku Oshima, Takahisa Takahara and Miyuki Ishiguro. Taku Oshima is the Chairman of this Committee. After a resolution of the Board of Directors following the conclusion of the 122nd Annual General Meeting of Shareholders scheduled to be held on June 23, 2026, the members of the Nomination Committee are expected to be outside directors Taku Oshima, Takahisa Takahara and Miyuki Ishiguro. Taku Oshima is slated to be the Chairman of this Committee.\n\nAudit Committee\n\nThe Audit Committee, in accordance with law and the Company’s Regulations of the Audit Committee, (i) audits the execution by the directors and the executive officers of their duties and the preparation of audit reports and (ii) determines the details of proposals concerning the election, dismissal or non-reappointment of the accounting auditor to be submitted to general meetings of shareholders by the Board of Directors. With respect to financial reporting, the Audit Committee has the statutory duty to examine financial statements and business reports to be prepared by the executive officers designated by the Board of Directors and is authorized to report its opinion to the ordinary general meeting of shareholders.\n\nThe Audit Committee met thirteen times during the year ended March 31, 2026. As a group, the member directors attended 97% of the meetings of the Audit Committee during the year after their appointment as the members of the Audit Committee. As of the date of submission, the members of the Audit Committee are outside directors Masahiro Ishizuka and Victor Chu, and Shoji Ogawa, a full-time member of the Audit Committee and a director not concurrently serving as an executive officer. Masahiro Ishizuka is the Chairman of this Committee. After a resolution of the Board of Directors following the conclusion of the 122nd Annual General Meeting of Shareholders scheduled to be held on June 23, 2026, the members of the Audit Committee are expected to be outside directors Masahiro Ishizuka and Victor Chu, and Shoji Ogawa, a full-time member of the Audit Committee and a director not concurrently serving as an executive officer. Masahiro Ishizuka is slated to be the Chairman of this Committee.\n\n \n\n141\n\n##### Table of Contents\n\nCompensation Committee\n\nThe Compensation Committee, in accordance with law and the Company’s Regulations of the Compensation Committee, determines the Company’s policy with respect to the determination of the details of each director and executive officer’s compensation. The Compensation Committee also determines the details of each director and executive officer’s actual compensation. The Compensation Committee met five times during the year ended March 31, 2026. As a group, the member directors attended 97% of the meetings of the Compensation Committee during the year after their appointment as the members of the Compensation Committee. As of the date of submission, the members of the Compensation Committee are outside directors Taku Oshima, Takahisa Takahara and Miyuki Ishiguro. Taku Oshima is the Chairman of this Committee. After a resolution of the Board of Directors following the conclusion of the 122nd Annual General Meeting of Shareholders scheduled to be held on June 23, 2026, the members of the Compensation Committee are expected to be outside directors Taku Oshima, Takahisa Takahara and Miyuki Ishiguro. Taku Oshima is slated to be the Chairman of this Committee.\n\nBoard Risk Committee\n\nThe Board Risk Committee is a non-statutory organ, in accordance with the Company’s Regulations of the Board Risk Committee, and its purpose is to assist the Board of Directors in supervising the Nomura Group’s risk management and to contribute to sophistication of its risk management. At meetings of the Board Risk Committee, to further strengthen the risk management of Nomura Group, deliberations are mainly in regard to consenting to the Risk Appetite Statement and the main design of the risk management framework, analysis of the risk environment/verification results and future projections, and supervision of overall execution of risk management and medium- to long-term risk strategies. The status of execution of the function in the Board Risk Committee is reported to the Board of Directors. The Board Risk Committee met five times during the year ended March 31, 2026. As a group, the member directors attended 96% of the meetings of the Board Risk Committee during the year after their appointment as the members of the Board Risk Committee. As of the date of submission, the members of the Board Risk Committee are outside directors Patricia Mosser, J. Christopher Giancarlo, Miyuki Ishiguro and Nellie Liang, and Shoji Ogawa, a director not concurrently serving as an executive officer. Patricia Mosser is the Chairperson of this Committee. After a resolution of the Board of Directors following the conclusion of the 122nd Annual General Meeting of Shareholders scheduled to be held on June 23, 2026, the members of the Board Risk Committee are expected to be outside directors Patricia Mosser, Miyuki Ishiguro and Nellie Liang, and Shoji Ogawa, a director not concurrently serving as an executive officer. Patricia Mosser is slated to be the Chairperson of this Committee.\n\nLimitation of Director Liability\n\nIn accordance with Article 33, Paragraph 2 of the Company’s Articles of Incorporation and Article 426, Paragraph 1 of the Companies Act of Japan, the Company may execute agreements with directors (excluding a person who serves as an executive director, etc.) that limit their liability to the Company for damages suffered by the Company if they acted in good faith and without gross negligence. Accordingly, as of the date of submission, the Company has entered into agreements to limit Companies Act of Japan Article 423 Paragraph 1 liability for damages (“Limitation of Liability Agreements”) with each of the following directors: Shoji Ogawa, Victor Chu, J. Christopher Giancarlo, Patricia Mosser, Takahisa Takahara, Miyuki Ishiguro, Masahiro Ishizuka, Taku Oshima and Nellie Liang. Liability under each such agreement is limited to either ¥20 million or the amount prescribed by laws and regulations, whichever is greater.\n\nDirectors and Officers Liability Insurance Contracts\n\nThe Company has entered into directors and officers liability insurance contracts set forth in Article 430-3, Paragraph 1 of the Companies Act of Japan with insurance companies, which have persons such as directors, executive officers, senior managing directors, corporate auditors and senior employees of the Company and its\n\n \n\n142\n\n##### Table of Contents\n\nsubsidiaries, etc., as insured persons. Under these insurance contracts, there will be an indemnification of losses, such as compensation for damages and litigation costs, incurred by an insured person due to a claim for loss or damage caused by an act (including an omission) carried out on the basis of the position, such as director or officer, held by the insured at the Company, and all insurance premiums of the insured have been entirely borne by the Company. However, there are certain exclusions applicable to such insurance contracts such as losses caused by a deliberately fraudulent or dishonest act of individuals such as directors/officers.\n\nInformation Concerning Executive Officers\n\nExecutive officers of the Company are appointed by the Board of Directors, and the Company’s Articles of Incorporation provide that the number of executive officers shall not exceed forty-five. The term of office of each executive officer expires upon the conclusion of the first meeting of the Board of Directors convened after the ordinary general meeting of shareholders for the last fiscal year ending within one year after each executive officer’s assumption of office. Executive officers may serve any number of consecutive terms. Executive officers have the authority to determine matters delegated to them by resolutions adopted by the Board of Directors and to execute business activities.\n\nD. Employees.\n\nThe following table shows the number of our employees as of the dates indicated:\n\n \n\n \n  \nMarch 31,\n \n\n \n  \n2024\n \n  \n2025\n \n  \n2026\n \n\nJapan\n\n  \n \n14,870\n \n  \n \n14,877\n \n  \n \n15,017\n \n\nEurope\n\n  \n \n3,053\n \n  \n \n3,133\n \n  \n \n3,269\n \n\nAmericas\n\n  \n \n2,440\n \n  \n \n2,417\n \n  \n \n3,028\n \n\nAsia and Oceania\n\n  \n \n6,487\n \n  \n \n6,815\n \n  \n \n7,363\n \n\n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n\nTotal\n\n  \n \n26,850\n \n  \n \n27,242\n \n  \n \n28,677\n \n\n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n\nBusiness segments of the Nomura Group consist of four divisions: Wealth Management Division, Investment Management Division, Wholesale Division and Banking Division, along with Other. As of March 31, 2026, we had 6,943 employees in our Wealth Management Division, 2,645 in our Investment Management Division, 5,343 in our Wholesale Division, 938 in our Banking Division, and 12,808 in Other.\n\nAs of March 31, 2026, 7,491 of Nomura Securities’ employees in Japan were members of the Nomura employees’ union, with which we have a labor contract. The Company and labor union communicate frequently in order to resolve labor-related matters.\n\nWe have not experienced any strikes or other labor disputes in Japan or overseas and consider our employee relations to be excellent.\n\nE. Share Ownership.\n\nThe following table shows the number of shares owned by our Directors and Executive Officers as of May 31, 2026. As of that date, none of them owned 1% or more of our issued and outstanding shares. None of the shares referred to below have different voting rights.\n\n \n\n143\n\n##### Table of Contents\n\nDirectors\n\n \n\nName\n\n  \nNumber of\nShareholdings(1)\n \n\nKoji Nagai\n\n  \n \n512,942\n \n\nKentaro Okuda\n\n  \n \n529,192\n \n\nYutaka Nakajima\n\n  \n \n682,743\n \n\nShoji Ogawa\n\n  \n \n58,874\n \n\nVictor Chu\n\n  \n \n20,000\n \n\nJ. Christopher Giancarlo\n\n  \n \n— \n \n\nPatricia Mosser\n\n  \n \n(100ADR\n)(2) \n\nTakahisa Takahara\n\n  \n \n200,381\n \n\nMiyuki Ishiguro\n\n  \n \n— \n \n\nMasahiro Ishizuka\n\n  \n \n10,693\n \n\nTaku Oshima\n\n  \n \n— \n \n\nNellie Liang\n\n  \n \n— \n \n\n  \n\n \n\n \n\n \n\nTotal\n\n  \n \n2,014,825\n \n\n  \n\n \n\n \n\n \n\n \n\n(1)\n\nExcludes the unvested portion of the RSUs and/or PSUs held by the relevant person, as applicable. No such RSUs or PSUs will vest within 60 days of May 31, 2026.\n\n(2)\n\nADRs are not included in the total.\n\nExecutive Officers\n\n \n\nName\n\n  \nNumber of\nShareholdings(1)\n \n\nKentaro Okuda\n\n  \n \nSee above\n(2) \n\nYutaka Nakajima\n\n  \n \nSee above\n(2) \n\nToshiyasu Iiyama\n\n  \n \n301,656\n \n\nTakumi Kitamura\n\n  \n \n144,534\n \n\nSotaro Kato\n\n  \n \n62,774\n \n\nChristopher Willcox\n\n  \n \n14,586\n \n\nHiroyuki Moriuchi\n\n  \n \n\n30,676\n\n \n\nGo Sugiyama\n\n  \n \n53,814\n \n\n  \n\n \n\n \n\n \n\nTotal\n\n  \n \n   608,040\n \n\n  \n\n \n\n \n\n \n\n \n\n(1)\n\nExcludes the unvested portion of the RSUs and/or PSUs held by the relevant person, as applicable. No such RSUs or PSUs will vest within 60 days of May 31, 2026.\n\n(2)\n\nThe number of shares owned by Executive Officers who are concurrently serving as Directors is not included in the total.\n\nFor information regarding stock options granted to our Directors and Executive Officers, see Item 6.B “Compensation of Statutory Officers” of this annual report.\n\nF. Disclosure of a registrant’s action to recover erroneously awarded compensation.\n\nNot applicable."}