Nomura Holdings Formalizes Delaware Management Company as Specified Subsidiary

summarizeSummary

Nomura Holdings announced that Delaware Management Company (DMC), acquired as part of Macquarie's asset management business, has formally become a "specified subsidiary," with its results to be consolidated from Q3 FY2026.

check_boxKey Events

• Delaware Management Company Becomes Specified Subsidiary

  Delaware Management Company (DMC) has formally been designated a "specified subsidiary" of Nomura Holdings, effective December 1, 2025.

• Follows Prior Acquisition

  This designation is a result of Nomura's completed acquisition of Macquarie Group Limited's U.S. and European public asset management business, previously announced on April 22, 2025, and December 1, 2025.

• Significant Capital Contribution

  DMC's share capital of USD 590 million represents a material portion of Nomura's capital, triggering the "specified subsidiary" status.

• Financial Consolidation Impact

  DMC's consolidated operating results and financial position will be reflected in Nomura's consolidated results starting from the third quarter of the fiscal year ending March 2026.

auto_awesomeAnalysis

This filing formalizes the status of Delaware Management Company (DMC) as a "specified subsidiary" of Nomura Holdings, following the completion of the acquisition of Macquarie Group Limited's U.S. and European public asset management business. The designation is due to DMC's share capital of USD 590 million exceeding 10% of Nomura's capital. This update confirms the integration of a significant asset management entity, with DMC's consolidated results set to be reflected in Nomura's financial statements starting from the third quarter of the fiscal year ending March 2026. This is a key step in the operational and financial integration of the previously announced acquisition.