Nomura to book extraordinary gain of JPY151 billion in FY2019/20 thanks to NRI share buyback

Maria Nikolova

As a result of the sale of a portion of the NRI shares it owns, Nomura expects to book an extraordinary gain of approximately 151 billion yen in its FY2019/20 non-consolidated financial results.

Nomura Holdings Inc (TYO:8604), or NHI, has earlier today announced the results of its participation in Nomura Research Institute share buyback.

In June this year, Nomura Holdings, Inc. said that it would participate in a self-tender offer by Nomura Research Institute, Ltd. (NRI). The Tender Offer period ended on July 29, 2019.

Nomura Holdings sold 101,889,300 shares at a sale price per share of 1,570 yen. This gives an aggregate amount of 159,966,201,000 yen.

In conjunction with the sale of a portion of the NRI shares it owns, Nomura expects to book an extraordinary gain of approximately 151 billion yen in its FY2019/20 non-consolidated financial results. In addition, Nomura expects to book an estimated pretax income of 73 billion yen in its second quarter consolidated financial results.

NRI will remain an equity method affiliate of Nomura. After the completion of the Tender Offer, Nomura Holdings owns 23.08% in NRI.

NHI had been considering the optimal capital relationship with NRI, and discussed the possibility of NHI selling a portion of the shares it owns in NRI. NRI proposed the Tender Offer to NHI and after considering NRI’s proposal NHI decided to tender its shares under the Tender Offer.

NHI plans to use the funds raised from the sale of NRI’s ordinary shares under the Tender Offer to enhance its corporate value through shareholder returns and investments to further grow its business.

Read this next

Digital Assets

DappRadar report: NFTs volume below $1 billion for the first time since June 2021

DappRadar’s July 2022 industry report found that blockchain games and their NFTs remain resilient amid a crypto winter accentuated by the debacle of Terra.

Digital Assets registers to operate crypto business in Italy had registered as a digital asset provider in Italy, following in the tracks of rivals who joined a special registry with brokerage regulator Organismo degli Agenti e dei Mediatori (OAM).

Digital Assets

Binance rolls out crypto card in Argentina with 8% cashback

Binance is launching its crypto debit card in Argentina, the first country in Latin America to have the product thanks to a partnership with Mastercard.

Digital Assets

Greece sends BTC-e operator Alexander Vinnik to US

Alexander Vinnik, an alleged Russian hacker accused of laundering $4 billion of criminal proceeds through BTC-e, has been extradited from Greece to the United States.

Retail FX

Saxo Bank reports weakest FX volume in 6 months

As many traders were away on annual summer leave, currency markets saw a relatively quiet period in July. Within that context, Copenhagen-based Saxo Bank has reported its monthly metrics, which showed a renewed decline month-over-month.

Market News

The Week Ahead: 5 August from David Madden, Market Analyst at Equiti Group

It has been an interesting week and despite a lot of negative news, equity markets enjoyed a positive run. US House Speaker, Nancy Pelosi, defied the warnings from the Chinese government and carried out a visit to Taiwan. The Beijing authorities moved military hardware close to the self-governed island to flex its muscles. Stock markets came under a little pressure as a result and risk-off assets like the Japanese yen and gold found themselves in high demand.


Alina Strogonova of Muvon Payments: How Can Fintech Optimise Payments

Financial services in their conventional form are obsolete, according to fintech startups. New-age finance is constantly redesigning electronic money transactions and testing innovative solutions.

Digital Assets

No need for CFDs: BitMEX introduces leveraged FX perpetual swaps

Previously retail FX trading was mostly possible via CFDs (contract for difference). BitMEX’s FX perps allow both retail users and institutional traders to access FX markets through an exchange-traded contract.

Digital Assets

BEQUANT launches index measuring dollar against crypto

“Our research team has worked hard to quantify and capture the latest economic story into the broader crypto market.”