Nomura to Acquire Shares of 8 Securities and 8 Limited

Nomura Asset Management Co., Ltd. (“NAM”), a wholly owned subsidiary of Nomura Holdings, Inc., announced that it has entered into a definitive agreement with FinTech company 8 Securities Inc. (“8 Securities”) and its Hong Kong headquartered parent company 8 Limited (“8 Limited”) to acquire shares through a third-party allotment.

NAM will acquire ordinary shares issued by 8 Securities and 8 Limited. NAM plans to invest approximately 1.6 billion yen in 8 Securities and will hold a majority of the outstanding shares. The investment in 8 Limited will be approximately 1.1 billion yen, and NAM will become a minority shareholder. NAM intends to make the respective investments in early April.

Based in Japan, 8 Securities provides discretionary robo-advisory services through iOS and Android mobile apps using exchange-traded funds (ETFs). 8 Limited also provides mobile app robo-advisory and online brokerage services in Hong Kong, through local affiliate FinTech company 8 Securities Limited (collectively "8 Group").

By collaborating with the 8 Group, NAM aims to leverage the functions of the 8 Securities platform to deliver high value-added services to its clients. NAM also aims to provide these services to other financial institutions.

8 Securities is preparing to offer NAM index funds. NAM and 8 Securities will work together to develop the necessary app with the aim of launching the product from this fall. NAM will also pursue strategic collaboration with the 8 Group in FinTech areas in Asia.

Leveraging 8 Group’s excellent mobile app development skills and NAM’s investment capabilities and product offerings, NAM intends to provide investment services not only to investors in the asset accumulation phase, but also to a wide range of clients including experienced investors.

In so doing, NAM aims to contribute to ongoing efforts in Japan to encourage a shift from savings to asset building.

The impact on Nomura Holdings’ consolidated performance is expected to be minimal.

Next Finance April 2018



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