Nomura Research Institute Ltd. has announced its decision to establish a subsidiary, Nomura Research Institute (Thailand), NRI Thailand, as its 20(th) 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. Company name: Nomura Research Institute (Thailand) Co. Ltd.; Location of address: Bangkok, Thailand; Capital: THB 80 million (approx. JPY 200 million); Date of establishment: December 2012 (planned). Main line of business: Research & consulting services, system solution services, etc., relating to Thailand and other South East Asian countries. The company appointed Kengo Mizuno, General Manager of NRI Manila Branch as president of its new subsidiary, Nomura Research Institute (Thailand) Co. Ltd.