Nomura Holdings (TYO: 8604) has announced the launch of the Impact Neutralization Trust – a service that will assist listed companies to sell shares in efforts to improve corporate governance, while taking into consideration market liquidity.
Nomura is the first Japanese financial institution to offer such as service.
The Neutralization Trust has been developed by Nomura Securities Co. and the Nomura Trust Banking Co., both wholly owned subsidiaries of Nomura Holdings.
“Under the scheme, stocks held by shareholders, including large shareholders, are acquired using a trust set up by the issuing company and sold on the stock market over time based on market liquidity,” said Nomura in a statement to Asia Markets.
“This includes increasing the number of tradable shares in light of the market restructuring by the Tokyo Stock Exchange (TSE), reducing cross-shareholdings as outlined in the Corporate Governance Code, dissolving parent-subsidiary listings and reducing the ownership ratios of stable shareholders.
“Nomura is committed to helping clients increase their corporate value by providing services that contribute to better corporate governance.”