Investor Presentaiton

3 Retail initiatives: Branch office strategy Branch office strategy: Consolidate 47 branches in 7 years 178 -22 -19 159 159 157 156 -2 -1 -47 -25 131 NOMURA Number of branches by area (March 31, 2012 vs September 30, 2019) Major metropolitan areas Strengthen sales framework and enhance efficiencies by creating large branches Regional areas Maintain at least one branch in each prefecture Expand client approach through tie-ups with regional financial institutions (Example: Business alliance with San-in Godo Bank) Hokkaido 5 5 Tohoku 10 9 Kinki 31 18 Chugoku 99 Mar 2012 Mar 2014 Mar 2016 Mar 2018 Mar 2019 Sep 2019 ■Reviewed branch office structure in line with changes in client behavior from 2012 ■Brought people together to better cater to a wide range of client needs ■Consider further branch office strategy in line with changes in the environment Kyushu/ Okinawa Shikoku 54 12 11 Kanto 86 56 Chubu 20 19 ☐ Consider branch office structure and optimize headcount allocation in order to improve service quality 16

View entire presentation