Announcement for the Distribution of Retained Earnings

October 26, 2006
Nomura Research Institute, Ltd.

The board of directors of Nomura Research Institute,Ltd. (NRI) resolved today that the distribution will be conducted with September 30 as the record date as detailed below.

1. Details of dividend distribution

	Dividends decided upon	Most recent forecast of dividends (announced April 27, 2006)	Previous distribution (Interim dividends at 1^st half of the fiscal year ended March 31, 2006)
Record date	September 30, 2006	Same as at left	September 30, 2005
Dividend per share	70 Yen	Same as at left	50 Yen
Total amount of distribution	2,844 million Yen	-	2,245 million Yen
Effective date	November 29, 2006	-	November 30, 2005
Source of distribution	Retained earnings	-	Retained earnings

2. Forecast of dividends for the year

(Unit:Yen)

	Dividend per share
Record date	1^st Half	Fiscal Year	Annual Total
Forecast of dividends		100	170
Performance for the fiscal year	70
Performance for the previous fiscal year (ended March 31, 2006)	50	90	140

[For general inquiries, please contact:]
Shin Ueoka, Investor Relations Department
Tel: +81-3-5533-3910
E-mail: ir@nri.co.jp

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