The amount available for dividends and acquisition of treasury stock is subject to restrictions imposed by the Companies Act. Additional

paid-in

capital and retained earnings include amounts which the Companies Act prohibits for the use of dividends and acquisition of treasury stock. As of March 31, 2018, 2019 and 2020, the amounts available for distributions were ¥1,311,894 million, ¥1,209,861 million and ¥1,297,560 million, respectively. These amounts are based on the amounts recorded in the Company’s unconsolidated financial statements maintained in accordance with accounting principles and practices prevailing in Japan. U.S. GAAP adjustments incorporated in these consolidated financial statements but not recorded in the Company’s unconsolidated financial statements have no effect on the determination of the amounts available for distributions under the Companies Act.

Dividends on the Company’s common stock per share were ¥20.0 for the year ended March 31, 2018, ¥6.0 for the year ended March 31, 2019 and ¥20.0 for the year ended March 31, 2020.

During the year ended March 31, 2018, due to the cancellation of treasury stock on December 18, 2017, total number of issued shares and treasury stock decreased by 179,000,000 shares, respectively.

During the year ended March 31, 2019, due to the cancellation of treasury stock on December 17, 2018, total number of issued shares and treasury stock decreased by 150,000,000 shares, respectively.

On April 27, 2017, the board of directors approved a repurchase program of Nomura Holdings common stock in accordance with Article

459-1

of the Companies Act of Japan as follows: (a) total number of shares authorized for repurchase is up to 100,000,000 shares, (b) total value of shares authorized for repurchase is up to ¥80,000 million and (c) the share buyback will run from May 17, 2017 to March 30, 2018. Under this repurchase program, the Company repurchased 100,000,000 shares of common stock at a cost of ¥62,349 million.

On October 30, 2017, the board of directors approved a repurchase program of Nomura Holdings common stock in accordance with Article

459-1

of the Companies Act of Japan as follows: (a) total number of shares authorized for repurchase is up to 70,000,000 shares, (b) total value of shares authorized for repurchase is up to ¥50,000 million and (c) the share buyback will run from November 15, 2017 to March 30, 2018. Under this repurchase program, the Company repurchased 70,000,000 shares of common stock at a cost of ¥

46,729

million.

On April 26, 2018, the board of directors approved a repurchase program of Nomura Holdings common stock in accordance with Article

459-1

of the Companies Act of Japan as follows: (a) total number of shares authorized for repurchase is up to 100,000,000 shares, (b) total value of shares authorized for repurchase is up to ¥70,000 million and (c) the share buyback will run from May 16, 2018 to March 29, 2019. Under this repurchase program, the Company repurchased 100,000,000 shares of common stock at a cost of ¥51,703 million.

On June 18, 2019, the board of directors approved a repurchase program of Nomura Holdings common stock in accordance with Article

459-1

of the Companies Act of Japan as follows: (a) total number of shares authorized for repurchase is up to 300,000,000 shares, (b) total value of shares authorized for repurchase is up to ¥150,000 million and (c) the share buyback will run from June 19, 2019 to March 31, 2020. Under this repurchase program, the Company repurchased 299,362,300 shares of common stock at a cost of ¥150,000 million.

In addition to the above, the change in common stock held in treasury includes the change in common stock issued to employees under stock-based compensation plans, common stock held by affiliated companies, common stock sold to enable shareholders to hold round lots of the 100 share minimum tradable quantity

(adding-to-holdings

requests) or common stock acquired to create round lots or eliminate odd lots.