Document:

Articles of Incorporation

 EXHIBIT 4.1 
 (Translation) 
 ARTICLES OF INCORPORATION 
 OF 
 NOMURA HOLDINGS, INC. 
 (Nomura Horudingusu Kabushiki Kaisha) 
 CHAPTER I 
 GENERAL PROVISIONS 
 Article 1. (Trade Name)

 The name of the Company shall be Nomura Horudingusu Kabushiki Kaisha and shall be expressed in English, Nomura Holdings, Inc. 

Article 2. (Purpose) 
 1. The purpose of the Company shall
be, by means of holding shares, to control and manage the business activities of domestic companies which engage in the following businesses and the business activities of foreign companies which engage in the businesses equivalent to the following
businesses: 
  

	 	(1)	Financial instruments business prescribed in the Financial Instruments and Exchange Law; 

  

	 	(2)	Banking business prescribed in the Banking Law and trust business prescribed in the Trust Business Law; and 

  

	 	(3)	Any other financial services and any business incidental or related to such financial services. 

 2. The Company may conduct any other business incidental to businesses described in paragraph 1 of this Article. 
 Article 3. (Location of Head Office) 
 The Company shall have
its head office at Chuo-ku, Tokyo. 
 Article 4. (Method of Giving Public Notices) 
 The method of public notices of the Company shall be electronic public notice; provided, however, that such notices shall be given by publication in Nihon
Keizai Shimbun in cases the method of electronic public notice is not available due to any troubles or unavoidable circumstances. 
 Article 5. (Governing
Bodies) 
 The Company shall, as a company with committees, set up, in addition to the shareholders’ meetings and directors, the
following organs; 
  

	 	(1)	board of directors 

  

	 	(2)	Nomination Committee, Audit Committee, and Compensation Committee 

  

	 	(3)	accounting auditors 

 CHAPTER II 
 SHARES 
 Article 6. (Authorized Number of Shares) 
 The authorized number of shares of the Company shall be 6,000,000,000. 
 Article 7. (Issuance of certificates of shares) 
 The Company shall issue certificates of shares. 

Article 8. (Number of Shares Constituting One Unit) 
 The
number of shares constituting one unit of shares of the Company shall be one hundred (100). 
 Article 9. (Rights pertaining to less-than-a-full-unit shares)

 1. Any shareholder of the Company (including any beneficial owner of shares of the Company; the same applies hereinafter) shall not
exercise any right pertaining to shares which do not constitute a full unit of shares (“less-than-a-full-unit shares”) he/she has except the following rights;. 
  

	 	(1)	rights granted by the items listed in Article 189, Paragraph 2 of the Corporation Law. 

  

	 	(2)	a right to make a request pursuant to Article 166, Paragraph 1 of the Corporation Law. 

  

	 	(3)	a right to be allotted offered shares or offered stock acquisition rights in proportion to the number of shares owned by a shareholder. 

  

	 	(4)	a right to make a request pursuant to the following article. 

 2. The Company shall not issue share certificates representing any number of less-than-a-full-unit shares, unless otherwise provided by the Share Handling Regulations. 
 Article 10. (Request for Purchasing Less-Than-A-Full-Unit Shares) 
 Any shareholder of the Company (including
any beneficial owner of shares of the Company; the same applies hereinafter) with less-than-a-full-unit shares may request the Company to the effect that the Company sells shares which will become a full unit of shares, together with the
less-than-a-full-unit shares owned by the shareholder, except the cases where the Company does not own the number of shares to be sold under such request. 
 Article 11. (Share Registrar) 
 1. The Company shall have a share registrar. 
 2. The share registrar and its handling place of business shall be appointed and designated by a resolution of the board of directors, and public notice
thereof shall be given. 
 3. The preparation and keeping of the register of shareholders of the Company (including the register of
beneficial owners of shares of the Company; the same applies hereinafter), the register of stock acquisition rights and the register of loss of share certificates of the Company and other business relating to the register of shareholders of the
Company, the register of stock acquisition rights and the register of loss of share certificates of the Company shall be delegated to the share registrar and shall not be handled by the Company. 
 Article 12. (Share Handling Regulations) 
 The handling
business relating to shares of the Company shall, except as provided in these “ARTICLES OF INCORPORATION”, be governed by the “Share Handling Regulations” to be established by the board of directors or executive officers under
authorities delegated by resolutions of the board of directors. 

 CHAPTER III 
 GENERAL MEETINGS OF SHAREHOLDERS 
 Article 13. (Convocation) 
 l. An ordinary general meeting of shareholders shall be convened within three (3) months from April 1 each year and an extraordinary general
meeting of shareholders shall be convened whenever necessary. 
 2. A general meeting of shareholders shall, unless otherwise provided by
laws or ordinances, be convened by the director doubling as President & Chief Executive Officer in accordance with a resolution of the board of directors; provided, however, that when the director doubling as President & Chief
Executive Officer is unable so to act, one of the other directors doubling as representative executive officers shall take his place in accordance with the order of priority predetermined by a resolution of the board of directors. 
 Article 14. (Record Date of an Ordinary General Meeting of Shareholders) 
 The record date for voting rights at an ordinary general meeting of shareholders shall be March 31 of each year. 
 Article 15. (Voting by Proxy) 
 A shareholder may exercise his voting right through a proxy who is a shareholder of the Company
having a voting right. 
 Article 16. (Chairman of Meetings) 
 President & Chief Executive Officer shall act as chairman of a general meeting of shareholders; provided, however, that when President & Chief Executive Officer is unable so to act, one of the other
representative executive officers shall take his place in accordance with the order of priority predetermined by a resolution of the board of directors. 
 Article 17. (Disclosure of Reference Materials for a General Meeting of Shareholders on the Internet) 
 The Company may regard its
disclosure of information which should be shown in reference materials for a general meeting of shareholders, business reports, financial statements and consolidated financial statements on the Internet in compliance with requirements stipulated by
the Ministry of Justice Ordinance as lawful provision of such information to its shareholders. 
 Article 18. (Resolutions) 
 1. Resolutions of a general meeting of shareholders shall, unless otherwise provided by laws or ordinances, be adopted by a majority of the votes of the
shareholders who are present thereat and entitled to exercise their voting rights. 
 2. Any resolution under Article 309, Paragraph 2 of the
Corporation Law shall be adopted at such meeting at which shareholders holding not less than one-third (1/3) of the voting rights owned by all shareholders of the Company who are entitled to exercise their voting rights shall be present , by a
majority of not less than two-thirds (2/3) of the voting rights of the shareholders so present. 

 CHAPTER IV 
 DIRECTORS AND THE BOARD OF DIRECTORS 
 Article 19. (Number of Directors and Election) 
 1. The Company shall have not more than twenty (20) directors, who shall be elected at a general meeting of shareholders. 
 2. The resolution for the election referred to in the preceding paragraph shall require the presence of shareholders holding not less than one-third
(1/3) of the voting rights out of the total number of the voting rights owned by all the shareholders of the Company who are entitled to exercise their voting rights. 
 3. No cumulative voting shall be used for the election of directors. 
 4. One (1) Chairman of the Board of Directors shall be elected from among the directors. 
 Article 20. (Term of Office)

 The term of office of directors shall expire at the conclusion of the ordinary general meeting of shareholders with respect to the last
fiscal year ending within one (1) year after their election. However, the term of office of any director elected to fill a vacancy shall expire when the term of office of his predecessor would have expired. 
 Article 21. (Convocation) 
 1. A meeting of the board of
directors shall, unless otherwise provided by laws or ordinances, be convened by the director designated by the board of directors. 
 2. A
notice of convocation referred to in the preceding paragraph shall be given to each director at least two (2) days prior to the date set for the meeting. 
 Article 22. (Chairman of Meetings) 
 The director designated by the board of directors shall act as chairman of a meeting of the
board of directors. 
 Article 23. (Resolutions) 
 1. Resolutions of the board of directors shall be adopted by an affirmative vote of a majority of the directors present which directors present shall constitute a majority of all directors then in office. 
 2. The Company shall deem that a resolution of the board of directors has been adopted in case the requirements stipulated by Article 370 of the
Corporation Law have been fulfilled. 
 Article 24. (Limitation of Liabilities of Directors) 
 1. The Company may release the liabilities for damages of directors (including former directors) due to negligence of their duties to the extent permitted
by laws or ordinances by resolutions of the board of directors pursuant to the provision of Article 426, Paragraph 1 of the Corporation Law. 
 2. The Company may execute with outside directors (meaning “outside directors” defined in Article 2 item 15 of the Corporation Law) an agreement that will limit their liabilities for damages due to negligence of their duties
pursuant to the provision of Article 427, Paragraph 1 of the Corporation Law. However, the maximum amount of damages under the agreement shall be the higher of either the amount previously determined which shall not be less than 20 million yen
or the amount provided by laws or ordinances. 

 CHAPTER V 
 NOMINATION COMMITTEE, AUDIT COMMITTEE AND COMPENSATION COMMITTEE 
 Article 25. (Maintenance of Committees)

 1. The Company shall , by its resolution, appoint from among the directors members to constitute the Nomination Committee, the Audit
Committee and the Compensation Committee. 
 2. The board of directors shall, by its resolution, appoint the chairman of each of the
committees. 
 Article 26. (Authorities of Committees, Etc.) 
 1. The Nomination Committee shall have authorities to determine the particulars of a proposal concerning the election and dismissal of directors to be submitted to a general meeting of shareholders. 
 2. The Audit Committee shall have authorities to do the following duties; 
  

	 	(1)	Audit of execution of functions by the directors and formulation of audit reports 

  

	 	(2)	Determination of the particulars of proposals concerning the election and dismissal of the accounting auditors and the non-reelection of the accounting auditors to be submitted to a
general meeting of shareholders 

 3. The Compensation Committee shall have authorities to determine the policy with respect to
the determination of the particulars of the compensation and other remuneration for each director and executive officer, and the particulars of the compensation and other remuneration for each director and executive officer. In case when an
executive officer simultaneously serves as employee of the Company, the forgoing shall be applied to the compensation and other remuneration for the employee. 
 Article 27. (Matters concerning Committees) 
 Necessary matters concerning each of the committees shall, in addition as provided by
laws or ordinances or by these “ARTICLES OF INCORPORATION”, be determined by the board of directors. 
 CHAPTER VI

 EXECUTIVE OFFICERS 
 Article 28.
(Executive Officers and Authorities of Execution of Business) 
 1. The Company shall have not more than forty-five (45) executive
officers, who shall be elected by the board of directors. 
 2. The executive officers shall have authorities to determine the matters
delegated by resolutions of the board of directors and execute the business of the Company to do the following duties; 
  

	 	(1)	Determination of execution of the business of the Company delegated by resolutions of the board of directors 

  

	 	(2)	Execution of the business of the Company 

 Article 29. (Term of Office)

 The term of office of executive officers shall expire on the last day of the fiscal year ending within one (1) year after their
assumption of office. 
 Article 30. (Representative Executive Officers and Executive Officers with Special Titles) 
 1. The Company shall, by a resolution of the board of directors, select representative executive officers from among the executive officers. 

2. The Company may, by a resolution of the board of directors, appoint one (1) President & Chief Executive Officer, one (1) or more
Deputy Presidents, Executive Vice Presidents and Executive Managing Directors. 
 Article 31. (Limitation of Liabilities of Executive Officers) 

The Company may release the liabilities for damages of executive officers (including former executive officers) due to negligence of their duties to
the extent permitted by laws or ordinances by resolutions of the board of directors pursuant to the provision of Article 426, Paragraph 1 of the Corporation Law. 
 Article 32. (Matters concerning Executive Officers) 
 Necessary matters concerning executive officers shall, in addition as provided
by laws or ordinances or by these “ARTICLES OF INCORPORATION”, be determined by the board of directors. 

 CHAPTER VII 
 ACCOUNTS 
 Article 33. (Fiscal Year) 
 The fiscal year of the Company shall commence on April 1 of each year and end on March 31 of the following year. 
 Article 34. (Organ with the Authority to Determine Distribution of Surplus) 
 The Company shall, by a resolution of the board of
directors without obtaining a resolution of a general meeting of shareholders, determine the particulars contained in the items of Article 459, Paragraph, including distribution of surplus, except as otherwise stipulated by laws or ordinances.

 Article 35. (Record Date for Distribution of Surplus) 
 1. The record dates for dividends of the Company shall be June 30, September 30, December 31 and March 31 of each year. 
 2. The Company may, without prejudice to the foregoing paragraphs, fix other dividend record dates and distribute surplus. 
 3. In case dividends are paid in cash, the Company shall be relieved from the obligation of paying dividends if such dividends remain unreceived for three (3) years after the date of the commencement of payment
thereof. 

 SUPPLEMENTARY PROVISION 
 Article 1. (Transitional Measures for Relief of Liabilities of Directors and Executive Officers) 
 The
Company may release the liabilities of directors and executive officers (including former directors and former executive officers) for the acts prescribed in Article 21-17, Paragraph 1 of the former Law for Special Exceptions to the Commercial Code
(“Special Law”) to the extent permitted by laws or ordinances by resolutions of the board of directors pursuant to the provision of Article 266, Paragraph 12 of the former Commercial Code applied mutatis mutandis in Article 21-17,
Paragraph 4 of the former Special Law. 
 HISTORY 
 1. The date on which these ARTICLES OF INCORPORATION were first drawn up: 
 November 27, 1925 
 2. Dates of amendments 
  

			
	 October 20, 1948
	 	November 22, 1972
	 November 30, 1948
	 	November 22, 1973
	 January 15, 1949
	 	November 20, 1975
	 May 26, 1949
	 	December 17, 1976
	 November 26, 1949
	 	December 14, 1978
	 January 27, 1950
	 	December 18, 1981
	 March 29, 1950
	 	December 17, 1982
	 November 28, 1950
	 	December 22, 1983
	 November 27, 1951
	 	December 20, 1984
	 November 29, 1952
	 	December 20, 1985
	 May 26, 1953
	 	December 19, 1986
	 November 24, 1953
	 	December 18, 1987
	 May 7, 1954
	 	December 16, 1988
	 November 26, 1954
	 	June 28, 1990
	 November 25, 1955
	 	June 27, 1991
	 April 27, 1956
	 	June 29, 1993
	 November 20, 1956
	 	June 29, 1994
	 November 25, 1957
	 	June 27, 1996
	 November 25, 1958
	 	June 27, 1997
	 June 1, 1959
	 	June 29, 1999
	 November 26, 1959
	 	June 29, 2000
	 November 25, 1960
	 	October 1, 2001
	 November 24, 1961
	 	June 26, 2002
	 November 24, 1962
	 	June 26, 2003
	 November 25, 1963
	 	June 25, 2004
	 November 24, 1966
	 	January 4, 2005
	 November 25, 1967
	 	June 28, 2005
	 November 21, 1968
	 	June 28, 2006Share Handling Regulations

 EXHIBIT 4.2 
 (Translation) 
 SHARE HANDLING REGULATIONS 
 OF 
 NOMURA HOLDINGS, INC. 
 (Nomura Horudingusu Kabushiki Kaisha) 
 CHAPTER I 
 GENERAL PROVISIONS 
 Article 1. (Purpose) 

Pursuant to Article 12 of the Articles of Incorporation, the purpose of these Share Handling Regulations is to set forth the handling business relating
to shares of the Company and matters relating to the procedures for exercise of shareholders’ proposal rights and other rights. Notwithstanding the foregoing, the handling of beneficial owners of shares shall be subject to the provisions of the
Japan Securities Depository Center, Inc. (“JASDEC”). 
 Article 2. (Denominations of Share Certificates) 
 1. Share certificates of the Company shall be denominated in one hundred shares, one thousand shares, ten thousand shares and one hundred thousand shares.
Notwithstanding the foregoing, in respect of any less than one hundred shares, the Company may issue a certificate representing such number of shares. 
 2. Of the share certificates set forth in the foregoing paragraph, a shareholder may not request the Company to issue any certificate representing any number of shares constituting less-than-a-full-unit shares
(“certificate for less-than-a-full-unit shares”), unless such issuance proceeds in accordance with Article 13, Article 23 and Article 24. 
 Article 3. (Share Registrar) 
 The share registrar of the Company, its handling place of business and transmitting offices in
respect of shares of the Company under these Regulations shall be as follows: 
  

	 	(1)	Share registrar 

 Mitsubishi UFJ Trust and
Banking Corporation 
 4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo 
  

	 	(2)	Its handling place of business 

 Securities
Agency Department, 
 Mitsubishi UFJ Trust and Banking Corporation 
 4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo 
  

	 	(3)	Its transmitting offices 

 Branch offices
throughout Japan of: 
 Mitsubishi UFJ Trust and Banking Corporation 
 Head office, branch offices and business offices throughout Japan of: 
 Nomura Securities Co., Ltd. 
 Article 4.
(Handling Procedures, Application and Request, etc.) 
 1. Any procedure under these Regulations and any application, request, notification,
notice or the like relating to the matters the handling of which the Company has entrusted to the share registrar shall be directed to the share registrar. 
 2. Any application, request, notification or notice under these Regulations shall be made or given in the form designated by the Company, affixed with the registered seal impression under Article 14 below. In case any
person who makes or gives such any application, request, notification or notice or his legal representative, if any, cannot affix the registered seal impression, the person shall, upon request by the Company, submit a document showing that he/she is
a shareholder or a letter of guarantee. 
 3. When any application, request, notification or notice under the foregoing paragraph is made or
given by agent, the agent shall submit a power of attorney. When the consent of a curator or assistant is required, a document showing the consent shall be submitted. 

 CHAPTER II 
 ENTRIES OR RECORDS IN THE REGISTER OF SHAREHOLDERS 
 Article 5. (Registration of Transfer of Title to Shares)

 1. Any person who makes an application for any entry or recordation in the register of shareholders (“transfer of title to
shares”) shall file the application together with the share certificates on which the name of the applicant is stated. 
 2. When a
person who has acquired shares for any cause other than assignment, such as inheritance and bequest, makes an application for the registration of transfer of title to shares, the person shall, upon request by the Company, file a document showing the
acquisition in addition to following the procedure under the foregoing paragraph of this Article; provided, however, that it shall not be required to submit share certificates if the share certificates have not been issued. 
 Article 6. (Registration of Transfer of Title to Shares in Cases Specifically Provided for in Laws or Ordinances) 
 In case there are some specific requirements for a transfer of shares under laws or ordinances, any person who makes an application for the registration
of transfer of title to shares shall, upon request by the Company, file the application together with the share certificates on which the name of the applicant is stated and a document showing the fulfillment of the requirements. 
 CHAPTER III 
 REGISTER OF BENEFICIAL
OWNERS OF SHARES 
 Article 7. (Register of Beneficial Owners of Shares) 
 A beneficial owner of shares shall file a card of beneficial owner of shares through a member of the central depository and clearing system for share certificates and other securities (a “Member”).

 Article 8. (Entries in Register of Beneficial Owners of Shares) 
 Entries in the register of beneficial owners of shares shall be made in accordance with notices with regard to beneficial owners of shares by JASDEC and cards of beneficial owners of shares. 
 Article 9. (Aggregation) 
 When a shareholder listed on the
register of shareholders and a beneficial owner of shares listed on the register of beneficial owners of shares are considered to be identical based on their addresses and names, the numbers of their respective shares shall be aggregated for the
purpose of exercise of rights as a shareholder. 
 CHAPTER IV 
 REGISTRATION OF PLEDGE AND INDICATION OF TRUST PROPERTY 
 Article 10. (Registration of Pledge
and Cancellation thereof) 
 In case of an application for the registration of a pledge on shares or for the alteration or cancellation
thereof, the pledgor and the pledgee shall file the application in the form designated by the Company under their joint signatures, together with the share certificates. 
 Article 11. (Indication of Trust Property and Cancellation thereof) 
 In case of an application for the
indication of trust property with regard to shares or for the cancellation thereof, the trustor or the trustee shall file the application in the form designated by the Company together with the share certificates. 

 CHAPTER V 
 NON-POSSESSION OF SHARE CERTIFICATES 
 Article 12. (Notice of Non-Possession of Share Certificates) 
 In case of notice of non-possession of share certificates, the notice in the form designated by the Company shall be submitted together with the share
certificates. Notwithstanding the foregoing, the submission of share certificates to be newly issued shall not be required. 
 Article 13. (Application for
Delivery of Unpossessed Share Certificates) 
 1. When a shareholder who has given notice of non-possession of share certificates applies for
the issuance of share certificates, the shareholder shall file an application in the form designated by the Company. 
 2. In the case of
paragraph 1 of this Article, the Company may request the shareholder to submit the receipt of application for non-possession of share certificates or any equivalent certificate. 
 CHAPTER VI 
 NOTIFICATION OF VARIOUS MATTERS 
 Article 14. (Notification of Addresses, Names and Seals) 
 1.
Shareholders, beneficial owners of shares and registered pledgees or their legal representatives shall file notification of their addresses, names and seals in the form designated by the Company. When any change in the matters so notified has
occurred, the same process shall be required. 
 2. Notwithstanding the foregoing paragraph, foreigners can register their signatures in
place of seals. 
 Article 15. (Notification by Shareholders, etc. Residing Abroad) 
 1. Shareholders, beneficial owners of shares and registered pledgees or their legal representatives residing in foreign countries shall, in addition to
following the procedure under Article 14, either elect their standing proxies or set up their provisional addresses, in Japan and file notification of such standing proxies or provisional addresses. When any change in the matters so notified has
occurred, the same process shall be required. 
 2. The provisions of Article 14 shall apply to the standing proxies. 
 Article 16. (Representative of Corporation) 
 1. When a
shareholder or beneficial owner of shares is a corporation, the corporation shall file notification of its representative (being one person). 
 2. When a change of such representative has occurred, the notification thereof shall be filed together with a certificate of the commercial register of the corporation. 
 Article 17. (Appointment of Representative for Joint Owners of Shares and Change thereof) 
 Shareholders or
beneficial owners of shares owning shares jointly shall appoint their representative (being one person) and file notification thereof in the form designated by the Company, together with the share certificates. When a change of such representative
has occurred, the same process shall be required. 
 Article 18. (Change of Statements in the Register of Shareholders and the Register of Beneficial Owners
of Shares and on Share Certificates) 
 In case of notification of any change of the statements in the register of shareholders and the
register of beneficial owners of shares and on the share certificates for any of the following reasons, the notification in the form designated by the Company shall be filed together with the share certificates and a document showing the change.
Notwithstanding the foregoing, the submission of the share certificates shall not be required either in case the share certificates have not been issued or in case of any change of the statements in the register of beneficial owners of shares.

  

	 	(1)	Change of surname or given name; 

  

	 	(2)	Election, change or termination of power, of legal representative, such as a person to exercise parental power, and guardian; 

  

	 	(3)	Change of trade name or corporate name; and 

  

	 	(4)	Corporate reorganization. 

 Article 19. (Special Rules for Notification of
Various Matters by Beneficial Owners of Shares) 
 When a beneficial owner of shares files notification pursuant to this Chapter, the
notification shall be filed through the Member with whom the beneficial owner of shares maintains an account. Notwithstanding the foregoing, in case of only a change of the registered seal, it shall not be required to file notification thereof
through the Member. 

 CHAPTER VII 
 STATEMENTS ON SHARE CERTIFICATES AND 
 REISSUE OF SHARE CERTIFICATES 
 Article 20. (Statements on Share Certificates) 
 1. The name
of a shareholder and his/her legal representative shall be stated on a share certificate. 
 2. When there is a registration of transfer of
title to shares pursuant to Chapter II or when notification is filed pursuant to Article 18 and Article 19, the date of such registration in the register of shareholders shall be stated on the designated space of the share certificate, affixed with
a verification seal by the share registrar. 
 Article 21. (Registration of Pledge and Indication of Trust Property) 
 1. In case of the registration of a pledge or the alteration or cancellation thereof, such event, as well as the date of such registration in the register
of shareholders, shall be stated on the share certificate, affixed with a verification seal by the share registrar. 
 2. In case of the
indication of trust property with regard to shares or the cancellation thereof, such event, as well as the date of such registration in the register of shareholders, shall be stated on the share certificate, affixed with a verification seal by the
share registrar. 
 Article 22. (Reissue due to Division or Consolidation) 
 1. When a shareholder makes an application for the issuance of new share certificates due to division or consolidation of outstanding share certificates, the shareholder shall file the application in the form
designated by the Company together with the share certificates. 
 2. Notwithstanding the foregoing paragraph, no shareholder can make an
application for the issuance of certificate for less-than-a-full-unit shares due to division or consolidation of outstanding share certificates. 
 Article
23. (Reissue due to Disfigurement or Mutilation) 
 When a shareholder makes an application for the issuance of new share certificates due to
disfigurement or mutilation of outstanding share certificates, the shareholder shall file the application in the form designated by the Company together with the share certificates. Notwithstanding the foregoing, when it is difficult to ascertain
the genuineness of the share certificates, the provisions under Chapter VIII shall apply. 
 Article 24. (Reissue due to Used-up Space) 
 In case of any change in the statements on a share certificate on which the space for holders’ names have been used up, the Company shall withdraw
the share certificate and issue a new one. 

 CHAPTER VIII 
 REGISTRATION OF LOSS OF SHARE CERTIFICATES 
 Article 25. (Request for Registration of Loss of Share Certificates)

 A shareholder requesting the registration of loss of share certificates shall file an application in the form designated by the Company
together with a document showing the legitimated acquisition of the share certificates, a document showing the loss of share certificates and a document showing personal identification; provided that, in case a shareholder requesting the
registration of loss of share certificates is a record holder of such share certificates, only a document showing the loss of share certificates shall be filed together with an application form. 
 Article 26. (Application for Cancellation of the Registration by the Registrant Shareholder of Loss of Share Certificates) 
 When a registrant shareholder of loss of share certificates applies for the cancellation of registration under Article 25, an application form designated
by the Company shall be filed. 
 Article 27. (Application for Cancellation of the Registration by the Holder of the Share Certificates Concerned)

 For an application for the cancellation of the registration of loss of share certificates, a shareholder who has the share certificates
with such registration shall file an application in the form designated by the Company together with the share certificates and a document showing personal identification; provided that, in case of an application for the cancellation thereof made by
a shareholder or a registered pledgee, no document showing personal identification shall be required to be submitted. 
 Article 28. (Notification of Various
Matters) 
 Articles 14 through 18 shall be applied for any change in the statements in the register of loss of share certificates if a
registrant of loss of share certificates is neither a shareholder nor a registered pledgee. 
 CHAPTER IX 
 PURCHASE OF LESS-THAN-A-FULL-UNIT SHARES 
 Article 29.
(Purchase Request) 
 1. When a shareholder makes a request for the purchase of less-than-a-full-unit shares, the shareholder shall file the
request in the form designated by the Company with the handling place of business or any of the transmitting offices in respect of shares of the Company set forth in Article 3 (the “purchase request place”). If certificates have been
issued in respect of the less-than-a-full-unit shares, the certificates therefor shall be submitted. 
 2. When a beneficial owner of shares
makes a purchase request under the foregoing paragraph, such purchase request shall be filed through the Member with whom the beneficial owner of shares maintains an account. 
 Article 30. (Purchase Price) 
 The purchase price per share of less-than-a-full-unit shares shall be the
closing price on Tokyo Stock Exchange, Inc. (the “TSE”) on the day on which in the case of paragraph 1 of Article 29, the document set forth therein reaches the purchase request place or in the case of paragraph 2 of Article 29, the
document reaches the handling place of business of the share resitrar set forth in Article 3 (if there is no trading on the TSE on the specified day above, the first price validly made thereafter). 
 Article 31. (Payment of Purchase Price) 
 1. The purchase
price of the less-than-a-full-unit shares shall be paid, unless otherwise provided by the Company, at the purchase request place within seven business days (which shall be business days at the place where the purchase request place is located)
counting from the day on which the purchase price is determined. 
 2. Notwithstanding the foregoing paragraph, when the purchase price is
cum rights to receive dividends, receive shares allocated upon a stock split or otherwise, the purchase price shall be paid not later than the record date. 
 3. When the Company pays the purchase price set forth in paragraph 1 or 2 of this Article, the Company shall withhold an amount equivalent to the fee set forth in Article 42. 
 4. The requesting shareholder may request the Company to pay the purchase price by remittance to his/her designated bank account or in cash by postal
transfer. 
 Article 32. (Transfer of Purchased Shares) 
 Title to the shares requested to be purchased shall pass to the Company on the date on which the Company has completed the payment of the purchase price set forth in Article 31 or the procedure therefor. 

 CHAPTER X 
 ADDITIONAL PURCHASE OF LESS-THAN-A-FULL-UNIT SHARES 
 Article 33. (Additional Purchase Request) 
 1. When a shareholder or a beneficial owner of shares with a less-than-a-full-unit shares makes a request (the “additional purchase request”) to
the Company to the effect that the Company sells shares which will become a full unit of shares, together with the less-than-a-full-unit shares, the shareholder shall submit the additional purchase request form together with the share certificates
(collectively, hereinafter referred to as the “documents for the additional purchase request”) and the estimated additional purchase amount set forth in the next Article with the handling place of business or any of the transmitting
offices in respect of shares of the Company set forth in Article 3. If share certificates have not been issued, the share certificates shall not be submitted. 
 2. When a beneficial owner of shares makes the additional purchase request under the foregoing paragraph, such additional purchase request shall be made through the Member and the JASDEC. 
 Article 34. (Estimated Additional Purchase Amount) 
 1. The
estimated additional purchase amount shall be an amount as the product of the sum, which is equal to the product of the closing price on the TSE on the business day that is immediately preceding the day on which the documents for the additional
purchase request reach the handling place of business or any of the transmitting offices in respect of shares of the Company (if there is no trading on the TSE on the specified day above, the closing price validly made on the latest preceding day)
and the number of shares in respect of the additional purchase request multiplied by 1.3. Resulting amount less than one-thousand (1,000) yen unit shall be rounded up. The estimated additional purchase amount shall be determined by Nomura
Securities Co., Ltd. in case the transmitting office becomes any of head or branch offices of Nomura Securities Co., Ltd. The handling for the case of the additional purchase request made by a beneficial owner of shares shall be carried on in
accordance with a procedure set forth by JASDEC. 
 2. The Company shall not handle the additional purchase request if the estimated
additional purchase amount falls short of the amount under the foregoing paragraph in case the additional purchase request under the foregoing Article is made. 
 Article 35. (Additional Purchase Request Over Outstanding Balance of Treasury Shares) 
 If the aggregated number of shares in
respect of the additional purchase request each made on a same day exceeds the number of treasury shares to be transferred held by the Company, no additional purchase request made on that day shall come into effect. 
 Article 36. (Effective Date of Additional Purchase Request) 
 The additional purchase request shall come into effect on the day on which the documents for the additional purchase request set forth in Article 33 and the estimated additional purchase amount set forth in Article 34 reach the handling
place of business or any of the transmitting offices in respect of shares of the Company. 
 Article 37. (Period of Suspension for Additional Purchase
Request) 
 1. The Company shall suspend its handling of the additional purchase request in every year during the period from a day that is
twelve (12) business days prior to the end of March, June, September and December to the end of such month. 
 2. Notwithstanding the
foregoing paragraph, in case any of the head or branch offices of Nomura Securities Co., Ltd. becomes the transmitting office, the Company shall suspend its handling of the additional purchase request in every year during the period from a day that
is sixteen (16) business days prior to the end of March, June, September and December to the end of such month. 
 3. Notwithstanding
the foregoing two paragraphs, if it is deemed to be necessary, the Company shall be able to set up any other appropriate period of suspension for additional purchase request. 
 Article 38. (Additional Purchase Price) 
 1. The additional purchase price per share of less-than-a-full-unit
share shall be the closing price on the TSE on the effective date of the additional purchase request (if there is no trading on the TSE on the specified day above, the first price validly made thereafter). 
 2. If the estimated additional purchase amount set forth in Article 34 falls short of an aggregated sum of the additional purchase price under the
foregoing paragraph and the fees set forth in Article 42 (the “additional purchase amount”), such shortfall shall be demanded to the requesting shareholder. In this regard, such additional purchase request shall be cancelled if such
shortfall is not paid within five business days after the day immediately following a day on which such shortfall is demanded. 
 Article 39. (Receipt of
Additional Purchase Amount) 
 1. The Company shall receive the additional purchase amount from the estimated additional purchase amount on
the sixth business day from the day on which the additional purchase price is determined or the day immediately following a day on which the shortfall under paragraph 2 of foregoing Article is paid; provided that, in case the additional purchase
price is cum rights to receive dividends, receive shares allocated upon a stock split or otherwise, the additional purchase amount shall be paid not later than the record date. 
 2. The Company shall repay the balance after subtracting the additional purchase amount under the foregoing paragraph from the estimated additional
purchase amount by remittance to the bank account designated by the shareholder of the additional purchase request or in cash by postal transfer. 
 Article
40. (Transfer of Additionally Purchased Shares) 
 Title to the treasury shares of the additional purchase request shall pass to the
shareholder or beneficial owner of shares on the date on which the Company has completed the receipt of the additional purchase amount set forth in paragraph 1 of the foregoing Article. 
 Article 41. (Delivery of Share Certificates) 
 The certificates in respect of the shares which amounted to a
full unit of shares by the additional purchase request shall be issued without delay, and shall be delivered to the requesting shareholder. Provided that the handling in case of the additional purchase request made by a beneficial owner of shares
may be carried on otherwise. 

 CHAPTER XI 
 FEES 
 Article 42. (Fees) 
 The fees for the handling of shares of the Company shall be as follows: 
  

	 	(1)	When the Company delivers share certificates pursuant to Article 13, Article 22 and Article 23: 

 300 yen per sheet of share certificates. 
  

	 	(2)	For a request for the registration of the loss of share certificates pursuant to Article 25: 

 10,000 yen per request 
 500 yen per sheet of
share certificates. 
  

	 	(3)	For a purchase of less-than-a-full-unit shares pursuant to Article 29 and an additional purchase pursuant to Article 33: 

 An amount obtained in accordance with the following formula as equivalent to the brokerage commission for 100 shares, prorated according to the number of
shares so purchased or additionally purchased, for each case of purchase. 
 (Formula) 
 The fee shall be measured through the way where at first, the purchase price per share determined under Article 30 or the additional purchase price per
share determined under Article 38 shall be multiplied by 100 shares (the “assumed total amount”) and then calculated by using the following ratios to the assumed total amount. 
  

				
	 The first 1,000,000 yen
	  	1.150	%
	 More than 1,000,000 yen to 5,000,000 yen (inclusive)
	  	0.900	%
	 More than 5,000,000 yen to 10,000,000 yen (inclusive)
	  	0.700	%
	 More than 10,000,000 yen to 30,000,000 yen (inclusive)
	  	0.575	%
	 More than 30,000,000 yen to 50,000,000 yen (inclusive)
	  	0.375	%
	 (If there is any fraction of 1 yen, it shall be disregarded.)
	  		

 Provided, however, that if the amount so obtained per 100 shares falls under 2,500 yen, it shall
be 2,500 yen. 

 CHAPTER XII 
 EXERCISE PROCEDURE OF SHAREHOLDERS’ RIGHTS 
 Article 43. (Method of Exercise of Shareholders’ Rights)

 1. When a shareholder exercises any shareholder’s right, including rights to request the directors to convene a general meeting of
shareholders, make any specific matter form the object of a general meeting of shareholders and notify the shareholders of the outline of the proposal to be submitted by such shareholder with regard to the matter forming the object of a general
meeting of shareholders, pursuant to laws or ordinances, such shareholder must do so in writing, affixed with the seal filed under the provision of Article 14, unless otherwise provided by these Regulations. 
 2. Pursuant to the foregoing paragraph of this Article, when the number of words described in the reference materials for the general meeting of
shareholders being submitted by a shareholder with regard to any reasons for the proposal and the matters concerning the candidates for the election of directors and an independent auditor exceeds 400, the outline thereof shall be required to be
described therein. 
 Article 44. (Method of Filing Requests) 
 When any shareholder exercises rights by an electronic method pursuant to laws or ordinances, such shareholder shall do so on the website of the Company (http://www.nomura.com/jp/). 
  

 Supplementary Provision 
 These Regulations shall come into force as from October 1, 2001. 
 Dates of Amendments 
  

			
	January 15, 2002	 	January 4, 2005
	June 17, 2002	 	October 1, 2005
	April 1, 2003	 	May 1, 2006
	June 26, 2003	 	June 28, 2006
	June 25, 2004	 	June 27, 2007
	October 1, 2004

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