Notice Regarding Acquisition of Treasury Stock (Based on Provisions of Article 459, Paragraph 1 of the Companies Act)

Purpose and Background of Treasury Stock Acquisition

Nomura Research Institute, Ltd. resolved to acquire treasury stock as part of the financial policy under the "NRI Group Medium-Term Management Plan (2026-2028)" aiming to improve capital efficiency toward achieving a ROE target of 25%. The impairment loss from the acquisition has been recognized in the fiscal year ending March 2026, and there is no cash flow impact. As part of capital policy contributing to maximizing corporate value in the mid-to-long term, the company intends to continue considering appropriate capital policies.

Details of Acquisition and Impact on Shareholders

The treasury stock to be acquired is the company's common shares, with a maximum limit of 21,000,000 shares (corresponding to 3.66% of total outstanding shares excluding treasury stock). The upper limit of the total acquisition amount is 70,000 million yen, with the acquisition period from May 15, 2026 to August 31, 2026. The acquisition method will be market purchases on the Tokyo Stock Exchange, with a restriction of no acquisitions for 10 business days starting from the business day after quarterly financial results announcements. As of March 31, 2026, the number of treasury shares held was 6,837,002 shares, and the acquisition is expected to improve capital efficiency.