SCHEDULE: Nomura Holdings Boosts Stake in BJ's Restaurants to 8%

Nomura Holdings Inc. and its subsidiaries reported an 8% beneficial ownership stake in BJ's Restaurants Inc. as of September 30, 2025.

Summary

• Nomura Holdings Inc. beneficially owns an aggregate of 1,698,380 shares of BJ's Restaurants Inc. Common Stock.
• This ownership represents 8% of the class, calculated based on 21,232,000 shares outstanding as of September 30, 2025.
• The beneficial ownership includes 1,543,264 shares held by Nomura Global Financial Products, Inc. (NGFP), 10,916 shares held by Nomura Securities International, Inc. (NSI), and 144,200 shares underlying call options exercisable within 60 days held by NSI.
• NGFP and NSI are wholly owned subsidiaries of Nomura Holdings, Inc.
• Nomura Global Financial Products, Inc. separately reported beneficial ownership of 1,543,264 shares, representing 7.3% of the class.

Sentiment

Score: 7

Explanation: The disclosure of a significant and potentially increased stake by a major financial institution like Nomura Holdings Inc. is generally viewed as a positive signal, indicating institutional confidence in the issuer, BJ's Restaurants Inc.

Positives

• A significant institutional investor, Nomura Holdings Inc., holds an 8% stake, which can be viewed as a vote of confidence in BJ's Restaurants Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the future performance or outlook of BJ's Restaurants Inc. or Nomura Holdings Inc.'s investment strategy.

Management Comments

• Nomura Holdings Inc. and Nomura Global Financial Products, Inc. certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing reflects a routine disclosure of a significant institutional investment in a publicly traded restaurant chain. Such disclosures provide transparency into major shareholders' positions, which can influence market sentiment within the restaurant industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder provides transparency regarding the ownership structure and can influence investor perception and trading activity.

Key Dates

Keywords

BJ's Restaurants, Nomura Holdings, Beneficial Ownership, Schedule 13G, Institutional Investment, Common Stock, Equity Stake