|Nomura Holdings, Inc. is engaged in the investment and financial services business with a focus on securities business. The Company operates in over 30 countries and regions including Japan, the United States, the United Kingdom, Singapore and Hong Kong Special Administrative Region (Hong Kong SAR) through its subsidiaries. Nomura's business consists of four divisions: Sales, Asset Management, Wholesale and Others. The Company provides financing and asset management services include securities trading, underwriting and sale of securities, private placement of securities, asset management and other securities and finance-related services. As of March 31, 2011, the Company has 687 subsidiaries and 18 associated companies.