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REAL-TIME GLOBAL RESEARCH

ANA Holdings: Our view of shares‘ performance during today‘s morning trade (30 July) Quick Note

Published: 2026-07-30Institution: NomuraPages: 8Original language: EnglishEvidence page: 8

Research evidence excerpt

ANA Holdings: Our view of shares‘ performance during today‘s morning trade (30 July) Quick Note

the total amount of premiums that he/she has received in the

transaction. All other conditions being equal, the amount of premiums that the protection buyer pays and that received by the protection seller

shall differ. In principle, CDS transactions will be limited to financial instruments business operators and qualified institutional investors.

Transfers of equities to another securities company via the Japan Securities Depository Center are subject to a transfer fee of up to ¥11,000

(tax included) per issue transferred depending on volume. No account fee will be charged for marketable securities or monies deposited.

Nomura Securities Co., Ltd.

Financial instruments firm registered with the Kanto Local Finance Bureau (registration No. 142)

Member associations: Japan Securities Dealers Association; Investment Management Association of Japan; The Financial Futures Association

of Japan; Type II Financial Instruments Firms Association; and Japan Security Token Offering Association.

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not limited to, Conflicts of Interest, Chinese Wall and Confidentiality policies) as well as through the maintenance of Chinese Walls and

employee training.

Additional information regarding the methodologies or models used in the production of any investment recommendations contained

within this document is available upon request by contacting the Research Analysts of Nomura listed on the front page. Disclosures

information is available upon request and disclosure information is available at the Nomura Disclosure web page:

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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