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                             April 7, 2021

       Takumi Kitamura
       Executive Managing Director and Chief Financial Officer
       Nomura Holdings, Inc.
       9-1 Nihonbashi 1-chome
       Chuo-ku, Tokyo 103-8645
       Japan

                                                        Re: Nomura Holdings,
Inc.
                                                            Form 20-F for the
Fiscal Year Ended March 31, 2020
                                                            Filed June 30, 2020
                                                            Form 6-K for the
Month of March 2021
                                                            Filed March 29,
2021
                                                            File No. 001-15270

       Dear Mr. Kitamura:

               We have reviewed your March 16, 2021 response to our comment
letter and have the
       following comment. In our comment, we ask you to provide us with
information so we may
       better understand your disclosure.

              Please respond to this comment within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to this comment, we may have additional comments.

       Form 6-K Filed March 29, 2021

       Exhibit 1. News Release: Possible Loss Arising From Business Activities

   1.                                                   You disclose a possible
loss of approximately $2 billion from transactions between one of
                                                        your US subsidiaries
and a US client. Please tell us:
                                                            The name of this US
client and your US subsidiary with the possible loss.
                                                            When you first
entered into a business relationship with this client and the nature and
                                                            results of your
risk assessment you performed at that time.
                                                            How your exposure
with this client and your related risk management activities
                                                            evolved over time.
                                                            The nature of the
transactions with this client and explain what is causing the possible
                                                            loss.
 Takumi Kitamura
Nomura Holdings, Inc.
April 7, 2021
Page 2
                The exposure from this client at the time of this possible loss
and at both December
              31, 2020 and March 31, 2020.
                Where and how the related financial instruments underlying this
exposure are
              reflected on your balance sheet and in the financial statement
footnotes in your
              December 31, 2020 Quarterly Securities Report furnished in your
February 25, 2021
              Form 6-K and in your March 31, 2020 Form 20-F.
                Whether and, if so, how you hedged this exposure, including how
it is reflected on
              your balance sheet and in the financial statement footnotes in
the reports identified in
              the preceding bullet.
                How you considered the apparent concentration risk with this
client in the disclosures
              in the reports identified in the second preceding bullet.

        You may contact Mark Brunhofer at 1-202-551-3638 or Michelle Miller at
1-202-551-
3368 if you have any questions.



FirstName LastNameTakumi Kitamura                               Sincerely,
Comapany NameNomura Holdings, Inc.
                                                                Division of
Corporation Finance
April 7, 2021 Page 2                                            Office of
Finance
FirstName LastName