UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G




                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                         The Elder-Beerman Stores Corp.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                           Common Stock, no par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    284470101
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 March 9, 1998
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ]   Rule 13d-1(b)
         [X]   Rule 13d-1(c)
         [ ]   Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).







- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON  Nomura Holding America Inc.
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        13-3518229
- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
        (See Instructions)(a) [ ] (b) [ ]
- ------- ------------------------------------------------------------------------
3       SEC USE ONLY
- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION
        State of Delaware
- ------- ------------------------------------------------------------------------
                      5      SOLE VOTING POWER
                             211,905
                      ------ ---------------------------------------------------
     NUMBER OF        6      SHARED VOTING POWER
       SHARES                0
    BENEFICIALLY      ------ ---------------------------------------------------
      OWNED BY
        EACH          7      SOLE DISPOSITIVE POWER
     REPORTING               211,905
       PERSON         ------ ---------------------------------------------------
        WITH
                      8      SHARED DISPOSITIVE POWER
                             0
- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
        211,905
- ------- ------------------------------------------------------------------------
10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 
        (See Instructions)  [ ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
        1.7%
- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON (See Instructions)
        CO
- ------- ------------------------------------------------------------------------




Item 1.

     (a)  Name of Issuer: The Elder-Beerman Stores Corp.

     (b)  Address of Issuer's  Principal  Executive  Offices:  3155 El-Bee Road,
          Dayton, Ohio 45401

Item 2.

     (a)  Name of Person Filing: Nomura Holding America Inc.

     (b)  Address of Principal Business Office or, if none,  Residence:  2 World
          Financial Center, Building B, New York, New York 10281

     (c)  Citizenship: State of Delaware

     (d)  Title of Class of Securities: Common stock, no par value

     (e)  CUSIP Number: 284470101

Item 3.

     If this statement is filed pursuant to  ss.ss.240.13d-1(b)  or 240.13d-2(b)
or (c), check whether the person filing is a:

     (a)  [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
          78o)

     (b)  [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)

     (c)  [ ]  Insurance  company as defined in section  3(a)(19) of the Act (15
          U.S.C. 78c)

     (d)  [ ] Investment  company  registered  under section 8 of the Investment
          Company Act of 1940 (15 U.S.C. 80a-8)

     (e)  [ ] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)

     (f)  [ ] An employee  benefit plan or  endowment  fund in  accordance  with
          ss.240.13d-1(b)(1)(ii)(F)

     (g)  [ ] A parent  holding  company or control  person in  accordance  with
          ss.240.13d-1(b)(1)(ii)(G)

     (h)  [ ] A savings  association  as defined in section  3(b) of the Federal
          Deposit Insurance Act (12 U.S.C. 1813)

     (i)  [ ]  A  church  plan  that  is  excluded  from  the  definition  of an
          investment  company under section  3(c)(14) of the Investment  Company
          Act of 1940 (15 U.S.C. 80a-3)

     (j)  [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J)

     If this statement is filed pursuant to ss.240.13d-1(c), check this box. [X]

Item 4.    Ownership.

     With  regard  to the  aggregate  number  and  percentage  of the  class  of
securities of the issuer identified in Item 1:

     (a)  Amount beneficially owned: 211,905 shares

     (b)  Percent of class: 1.7%

     (c)  Number of shares as to which the person has:

          (i)  Sole power to vote or to direct the vote: 211,905 shares

          (ii) Shared power to vote or to direct the vote: none

         (iii) Sole power to dispose or to direct the  disposition  of:  745,906
               shares

          (iv) Shared power to dispose or to direct the disposition of: none

Item 5.    Ownership of Five Percent or Less of a Class.

     If this  statement  is being  filed to report  the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

     Not applicable.

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.

     Not applicable.

Item 8. Identification and Classification of Members of the Group.

     Not applicable.

Item 9. Notice of Dissolution of Group.

     Not applicable.

Item 10. Certifications.

     (a)  Not applicable.

     (b)  By  signing  below I certify  that,  to the best of my  knowledge  and
          belief, the securities referred to above were not acquired and are not
          held for the purpose of or with the effect of changing or  influencing
          the control of the issuer of the  securities and were not acquired and
          are not held in connection with or as a participant in any transaction
          having that purpose or effect.




                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.

Date: March 16, 1998

                                           NOMURA HOLDING AMERICA INC.


                                           By:  /s/ DENNIS DOLAN
                                                ---------------------
                                                   Dennis Dolan
                                                 Managing Director