NEWS RELEASE
Announcement Concerning the Payment of Dividends from Retained Earnings

May 14, 2010
Nomura Research Institute, Ltd.

Nomura Research Institute, Ltd. (NRI) has announced that its Board of Directors today resolved to pay dividends to shareholders of record as of March 31, 2010, as detailed below.

1. Details of payment of dividends

  Payment of dividends
decided today
Most recent dividend
forecast announced on
April 28, 2010
Payment of dividends for the
fiscal year ended March 31,
2009
Record date March 31, 2010 No change March 31, 2009
Dividend per share 26 Yen No change 26 Yen
Total amount of
payment
5,060 million yen NA 5,057 million yen
Effective date June 2, 2010 NA June 3, 2009
Source of payment Retained earnings NA Retained earnings

2. Basis for payment of dividends

NRI considers the ongoing growth of its corporate value to be the most important return to its shareholders. Its basic policy is to pay appropriate and stable dividends while giving full consideration to maintaining sufficient retained earnings necessary for its long-term development. NRI makes specific decisions regarding the payment of dividends based on the status of its operating revenues and cash flows, while aiming, in principle, for a consolidated dividend payout ratio of 30%.
Based on this policy, NRI decided to carry out the payment of dividends of 26 yen per share to shareholders of record as of March 31, 2010.

Reference: Details of payment of dividends by year
  Dividend per share
Fiscal year Interim dividend Year-end dividend Full-year dividend
Fiscal year ended March 31, 2010 26 Yen 26 Yen 52 Yen
Fiscal year ended March 31, 2009 26 Yen 26 Yen 52 Yen

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