NRI Announces Decision on Conditions for the Acquisition of Treasury Stock (Acquisition of Own Stock in Accordance with the Requirements of Article 459-1 of Japan’s Company Law)

NRI Announces Decision on Conditions for the Acquisition of Treasury Stock
(Acquisition of Own Stock in Accordance with the Requirements of Article 459-1 of Japan’s Company Law)

February 15, 2008
Nomura Research Institute, Ltd.

The Board of Directors of Nomura Research Institute, Ltd. (NRI) passed a resolution today on the acquisition of treasury stock by the company in accordance with the requirements of Article 459-1 of Japan’s Company Law. Details are given below.

1.Reasons for acquisition of treasury stock
Treasury stock is being acquired to increase capital efficiency and as one measure in NRI’s pursuit of a nimble equity policy that ensures responsiveness to changes in the business environment.

2.Details of acquisition

(1)	Type of stock to be acquired:	NRI common stock
(2)	Maximum number of shares to be acquired:	6 million shares (Percentage of total shares issued, excluding treasury stock: 2.94%)
(3)	Maximum investment in this acquisition of stock:	¥15 billion
(4)	Acquisition period:	February 18, 2008 to March 18, 2008

Note:	Treasury stock holdings as of December 31, 2007:
	Total shares issued, excluding treasury stock:	203,861,692 shares
	Shares of treasury stock:	21,138,308 shares

[For general inquiries, please contact:]
Shin Ueoka, Investor Relations Department
Tel: +81-3-5533-3910
E-mail:

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