SCHEDULE: Nomura Holdings Reports 4% Stake in Destination XL

Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products, Inc., have reported a 4% beneficial ownership stake in Destination XL Group, Inc.

Summary

• Nomura Holdings Inc. and Nomura Global Financial Products, Inc. (NGFP) are the reporting persons for this Schedule 13G filing.
• NGFP, a wholly-owned subsidiary of Nomura Holdings, Inc., beneficially owns 2,173,348 shares of Destination XL Group, Inc. Common Stock.
• This ownership represents 4% of the outstanding Common Stock of Destination XL Group, Inc.
• The percentage of class is calculated based on 53,883,153 shares of Common Stock outstanding as of August 15, 2025, as reported in the Issuer's Form 10-Q.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a passive beneficial ownership stake by a major financial institution. It indicates a significant, non-controlling investment in Destination XL Group, Inc., which is generally neutral to slightly positive.

Positives

• A major financial institution, Nomura Holdings Inc., holds a significant 4% passive stake in Destination XL Group, Inc., which could be viewed as a vote of confidence.

Future Outlook

No forward-looking statements or guidance regarding Destination XL Group, Inc.'s future performance or strategy are provided by the reporting persons in this filing.

Management Comments

• The securities were acquired and are held in the ordinary course of business.
• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
• The securities were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This filing represents a routine disclosure of a passive investment by a major global financial institution in a publicly traded retail apparel company. It does not provide specific insights into broader industry trends but confirms continued institutional interest in the sector.

Related Party Transactions

• Nomura Global Financial Products, Inc. is a wholly owned subsidiary of Nomura Holdings, Inc., and both entities are reporting persons for this beneficial ownership.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive stake, which may offer a degree of confidence.
• Management: Awareness of a substantial, passive institutional shareholder on the company's register.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive 4% beneficial ownership stake by Nomura Holdings Inc. and its subsidiary in Destination XL Group, Inc. The filing explicitly states the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control. As such, it does not present new information that would fundamentally alter an investment thesis, warranting a 'hold' recommendation.

Keywords

Destination XL Group, DXLG, Nomura Holdings, Nomura Global Financial Products, Schedule 13G, beneficial ownership, common stock, institutional investment, retail apparel