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Nomura Research Institute Ltd. (TOKYO:4307), a leading provider of consulting services and system solutions, has announced its decision to establish a subsidiary, Nomura Research Institute (Thailand), NRI Thailand, as its 20th overseas operational base. It is the first Japanese business strategy consulting firm to have a company in Thailand. The company is headquartered in Bangkok to mainly cover Thailand and neighboring countries (Vietnam, Myanmar, Lao PDR and Cambodia) in close cooperation with other operational bases in the Asian region.
NRI expects increasing demand for business consulting and system solution services in ASEAN countries, in the light of consumer market expansion as well as the ASEAN Economic Community coming into effect in 2015. "NRI has been offering research, consulting services, and system solution services in the region. We should be able to provide clients in the local market with much more speedy services to meet their demands through the company to be established in Thailand. We have developed overseas operations emphasizing the markets in Asian emerging countries, and will endeavor to accelerate the pace of business growth of our clients there, taking advantage of the new company," Mr. Shingo Konomoto, the Corporate Senior Vice President and an appointee of the Chairman of the new company said.
[Company Profile of NRI Thailand] (tentative)Company name: Nomura Research Institute (Thailand) Co., Ltd.
Abbreviation in English:NRI Thailand Location of address: Bangkok, Thailand Capital: 80 million Baht (approx. Yen 200 million)*1 Date of establishment: December 2012 (planned) Shareholders: NRI Asia Pacific, NRI and NRI Workplace
President:Kengo Mizuno (General Manager of NRI Manila Branch) Main line of business: Research & consulting services, system solution services, etc., relating to Thailand and other South East Asian countries
*1 Exchange rate: 1 Baht = 2.48 Yen (As at July, 2012)
[About Nomura Research Institute, Ltd. (NRI)]NRI originated from Nomura Securities' research section and IT section. NRI is the result of a merger that took place in 1988 between the former Nomura Research Institute, which was established in 1965 as the first private sector Think Tank in Japan, and Nomura Computer Center (NCC) which engaged in introduction of Japan's first private use computer system in 1966.Since then, NRI has been providing consulting services on corporate strategy and business policy, as well as development, operation and joint utilization of IT systems.Particularly in its consulting business, NRI is one of the largest Japanese consulting firms, with about more than 600 professional consultants deployed in Japan and abroad. NRI has clients among almost 70% of the companies in the top 100 (in terms of total capitalization) during the past half decade in the Tokyo Stock Exchange.NRI is actively expanding its business in Asian and emerging countries and offers advice on policy matters to governments and international organizations. In addition, it helps with local business strategy and sales planning, supporting organization/personnel management, and supporting the execution of alliance/acquisition strategies of private business entities in major Asian cities including Shanghai, Beijing, Dalian, Hong Kong, Taipei, Seoul, Singapore, Manila, Delhi, Kolkata and Moscow.For more information, visit: www.nri.co.jp/english