NRI's advanced challenges are following.
As a way to improve business efficiency and productivity, the Electronic Data Processing Division of Nomura Securities Co., Ltd., the origin of NRI's system solutions business, implemented the commercial computer "UNIVAC-120" which had just been completed in the U.S. This made headlines, as it was the first commercial use of computers in Japan.
Nomura Research Institute, Ltd., (NRI) was established in April 1965, formed from the Research Division of Nomura Securities Co., Ltd., as a private research body with both research and consulting services.
Nomura Computing Center Co., Ltd., (NCC; Name changed to Nomura Computer Systems Co., Ltd., in 1972) broke off from the Electronic Data Processing Division of Nomura Securities Co., Ltd., to form its own entity in January 1966.
The research department of former Nomura Research Institute took on the challenge of predicting the number of visitors to the World Exposition in Osaka, a tremendous event the scale of which Japan had never before seen. The predictions were highly accurate, including peak time predictions which are the most important yet difficult.
"THE STAR" system launched in May 1974 as a joint online back-office system for securities companies. Today this system has developed into the standard business platform for the securities industry. It can also be called the forerunner to today's cloud services.
This year saw the launch of the new ordering system that became the foundation for 7-Eleven's business. Later, in 1982 NRI launched Japan's first full-scale POS System. This system enabled the company to accurately follow the sale trends of each product, which in turn has made our lives dramatically more convenient because of the greater variety of goods and freshness of products. 7-Eleven itself has grown significantly, from approximately 400 stores at the time when the new ordering system was implemented, to 17,500 today.
In order to expand NRI's research and consulting business, we promoted the strategic commercialization of a multi-client project that would provide research results on common themes to multiple clients. This project culminated into the series, "20th Anniversary Multi-Client Project—Industrial Society and Corporate Strategies in the 1990s." Announced and created as a cross-divisional project, the series comprised seven themes and was joined by 222 companies, until May 1985 when all themes were completed.
The new Nomura Research Institute was founded in January 1988, as an entirely unique company that offers both think tank services and systems services. At the time of the merger there were 1,758 employees, which as of December 31, 2014, has grown to 9,289 employees across the Group.
The Tokyo Club Foundation for Global Studies (transferred to Nomura Foundation in 2009), established in 1987, has facilitated and supported many research projects concerning global economic and political matters. It acted as secretariat of AT9, a collection of think tanks such as T5 (the five largest think tanks in the world including NRI) and other Asian countries. In 1988 it hosted the T5 Think Tank Summit, right before the Toronto Summit. Through T5, it has offered advice to a list of Japanese Prime Ministers, up to Prime Minister Murayama in 1995.
NRI launched its official corporate website on July 28, 1994. It was the sixth listed company, and fourth business company, to have a Japanese website. This move particularly embodied NRI's drive in the information technology field.
NRI administrated Nomura Securities' Business Process Re-engineering (BPR) project, a complete overhaul of business processes and installment of a new IT system in response to the changes of times and technology. We downsized from conventional mainframe computers to servers, and installed 12,000 personal computers which were still rare at the time. The system was the world's largest, in both number of servers and terminals, and incorporated many other leading-edge technologies. It was completed in two and a half years.
In anticipation of a new 21st century society, NRI co-established the five-year temporary research organization Center for Cyber Communities Initiative (CCCI) with Keio University in June 1995. The initiative led numerous projects, including the proposal on the arrival of a "Ubiquitous Network Society," and the "Denkatsu Club," an online shopping mall that launched in October 1995. Denkatsu Club began about two years ahead of Japan's largest online shopping mall today, and made the news with Japan's first SSL payment system for secure online credit card payments.
NRI was listed on the First Section of Tokyo Stock Exchange on December 17, 2001. The offering price was 11,000 JPY, but the opening price was 14,850 JPY and closing price was 14,050 JPY (adjusted closing price was 2,810 JPY after stocks were later divided). Market capitalization was 632.3 billion JPY, one of the highest of all IPOs in 2001.
After many trials and modifications, NRI developed an original offshore development method with the aim to make large-scale system developments more efficient and streamlined. This led to a significant improvement to NRI's development performance. NRI's offshore development in China was one of the first, as well as one of the most successful, in the IT industry.
NRI began offering technical support for the development of bond markets to ASEAN states (Thailand, Malaysia, Indonesia, the Philippines, Vietnam, Cambodia, Laos). We organized the situation and problems of each country's bond market through four themes, "Issuer," "Investor," "Agent" and "Infrastructure," and offered support to create a roadmap and specific action plans for future bond market development.
NRI Shanghai started in July 2002 as a consulting base in China. Since establishment, NRI Shanghai has helped create important policies for the Shanghai municipal government and other government bodies. In 2008 it worked on the development project for the Transportation Hub at Shanghai Hongqiao International Airport, and in 2010 on the city's railway grid in preparation for the World Exposition in Shanghai. Today it continues to work on a variety of projects for community development strategy, industrial development strategy, etc., for district governments and other development zones in China.
Nippon Individual Savings Accounts (NISA) were introduced in January 2014. At an early stage NRI had been researching and studying ISAs in the U.K., which were the model for NISA, and made recommendations on how to better implement the new system in Japan. It has also supported the implementation process in Japan through developing NISA solutions for financial institutions. This is a great example of NRI's strength in offering services in both navigation and solutions.
On March 15, four days after the Great East Japan Earthquake, NRI launched the Earthquake Recovery Assistance Project Team under the direct control of the President. On March 22 the project launched a smartphone app that provides information on accessible roads around the affected areas, and on March 30 began issuing recommendations for reconstruction. (NRI also offered aid and support after the Great Hanshin-Awaji Earthquake in 1995.)
The Tokyo Data Center I, opened on November 21, was NRI's fifth data center in Japan. With a double-deck system, the data center offered substantial developments in safety, extensibility and environmental performance. The center was the first in Japan to offer users SOC2 reports conforming to FISC safety criteria, and the first to receive other recognitions and awards.