Nomura Securities Co.

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Presidents
	From	To
Otogo Kataoka	1 December 1925	25 September 1941
Seizo Iida	30 September 1941	13 August 1947
Tsunao Okumura	15 April 1948	1 June 1959
Minoru Segawa	1 June 1959	21 November 1968
Kiichiro Kitaura	21 November 1968	18 October 1978
Setsuya Tabuchi	18 October 1978	19 December 1985
Yoshihisa Tabuchi	20 December 1985	27 June 1991
Hideo Sakamaki	27 June 1991	14 March 1997
Masashi Suzuki	14 March 1997	30 April 1997
Jun'ishi Ujiie	1 May 1997	1 April 2003
Nobuyuki Koga	1 April 2003	present

Nomura Securities Co., Ltd. (野村證券株式会社, Nomura Shōken Kabushiki-gaisha^?, NSC) is a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. NSC plays a central role in the securities business, the Group's core business. Established December 25, 1925, it is the oldest brokerage firm in Japan. It is named after its founder Tokushichi Nomura II, a wealthy Japanese stockbroking tycoon.

NSC provides a range of services through the capital markets including investment advisory services and fund raising.

Nomura is famous for inventing the conduit commercial mortgage, a process where Nomura lent money for investors to buy commercial properties with the goal of securitizing the loans into bonds. Since the profits were primarily from the securitization instead of the loans themselves, Nomura could offer lower interst rates than competitors, quickly making this form of mortgage extremely popular. However, this led to a large decline in Nomura's businesses, when in 1998, due to the Asian economic crisis and Russian defaults, massive amounts bonds of all kinds were sold in a flight to quality US government bonds. This caused a huge problem for Nomura's loans that it had made but not yet securitized, since the interest rates that the loans could be securitized at were now much lower then what Nomura had thought when it first made the loans.