Businessweek

structurings related to industry consolidation enhance its opportunities to offer clients other advisory and investment banking services. The company is one of the financial advisors in Asia and EMEA. Private Equity: The company operates private equity investment business mainly in Japan and Europe. Regulation Japan Regulation of the Securities Industry and Securities Companies: Pursuant to the Financial Instruments and Exchange Act (FIEA), the Prime Minister of Japan has the authority to supervise and regulate the securities industry and securities companies, and delegates its authority to the Commissioner of the Financial Services Agency (FSA). The company, as a holding company of a securities company, as well as its subsidiaries, including NSC is subject to such supervision and regulation by the FSA. Regulation of Other Financial Services: Securities companies are not permitted to conduct banking or other financial services directly, except for those which are registered as money lenders and engaged in money lending business under the Money Lending Business Act or which hold permission to act as bank agents and conduct banking agency activities under the Banking Law. As a result, NSC is prohibited from conducting banking and other financial services, and another subsidiary of the company, The Nomura Trust & Banking Co., Ltd., engages in banking and certain financial services. Financial Instruments and Exchange Act: The FIEA regulates financial products and services in Japan under the defined terms ‘financial instruments’ and ‘financial instruments trading business’. It regulates most aspects of securities transactions and the securities industry, including public offerings, private placements and secondary trading of securities, on-going disclosure by securities issuers, tender offers for securities, organization and operation of securities exchanges and self-regulatory associations, and registration of securities companies. Overseas The company’s overseas offices and subsidiaries are also subject to various laws, rules and regulations applicable in the countries where they carry on their operations, including those promulgated and enforced by the Securities and Exchange Commission, the Commodity Futures Trading Commission, the New York Stock Exchange and the Financial Industry Regulatory Authority (a non-governmental regulator for all securities companies doing business in the U.S.) in the U.S. and by the Financial Services Authority and the London Stock Exchange plc in the U.K. Strategy To achieve its strategic goals, the company intends implement the following initiatives: Retail Division: In its Retail Division, the company intends to continue to expand its products and service offerings, which are provided through Financial Advisors, online or via call centers to accommodate diverse client needs. The company aim to enhance investment consultation services and to continue being a trusted partner to its clients by providing products and services that meet their individual needs. Asset Management Division: The company intends to increase assets under management and expand its client base for core businesses. Wholesale Division: In Fixed Income, the company intends to build further on its client-centric strategy globally, and in Equities, the company would continue to build its leadership position further across Asia. Customers The company’s clients include individuals, corporations, financial institutions, and governments and governmental agencies. History Nomura Holdings, Inc. was founded in 1925. The company, previously known as The Nomura Securities Co., Ltd., was incorporated in Japan in 1925 and changed its name to Nomura Holdings, Inc. in 2001.