Nomura Holdings Reports 1.96M Shares of BJ's Restaurants (8.9%)

Rhea-AI Filing Summary

BJ's Restaurants, Inc. reported that Nomura-related entities disclosed beneficial ownership of its common stock. Nomura Holdings, Inc. reports shared voting and dispositive power over 1,959,336 shares, representing 8.9% of the outstanding class. That total comprises 1,935,256 shares held by Nomura Global Financial Products, Inc. and 24,080 shares held by Nomura Securities International, Inc., with those subsidiaries wholly owned by Nomura Holdings. The filing states these holdings are in the ordinary course of business and not for the purpose of changing control. The issuer's principal executive office is listed in Huntington Beach, California.

Positive

• Transparent disclosure of beneficial ownership by Nomura entities, including exact share counts and percentage of class
• Clarification of ownership structure showing holdings held via wholly owned subsidiaries (NGFP and NSI)
• Filing states holdings are passive (acquired and held in the ordinary course of business, not to influence control)

Negative

• Concentrated minority stake of 8.9% could be material to shareholders even if reported as passive
• Shared voting/dispositive power indicates Nomura exercises influence over the shares via subsidiaries, which may merit monitoring

Insights

Financial Analyst

TL;DR: Nomura-affiliated entities hold a meaningful passive stake (~8.9%) in BJ's Restaurants, disclosed as not intended to change control.

The filing shows a combined beneficial position of 1,959,336 shares (8.9%), primarily via Nomura Global Financial Products, Inc. (1,935,256 shares). As a Schedule 13G amendment, the disclosure indicates passive ownership rather than an activist intent, which typically reduces immediate governance risk. Materiality: an ~9% stake is large enough to warrant monitoring but, per the filing, currently represents routine market holdings and not an attempt to influence management or control.

Corporate Governance Expert

TL;DR: Significant minority stake disclosed with shared voting/dispositive power; filing affirms no intent to affect control.

The statement documents shared voting and dispositive power exercised through wholly owned subsidiaries, which is important for ownership attribution. Item 10 certification expressly states the shares were acquired and are held in the ordinary course of business and not for changing or influencing control. From a governance perspective, this is a clear passive disclosure but the ownership level could still be relevant for coalition-building or future engagements.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

BJs RESTAURANTS INC

(Name of Issuer)

Common Stock, No Par Value

(Title of Class of Securities)

09180C106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 09180C106

1

Names of Reporting Persons

NOMURA HOLDINGS INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,959,336.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,959,336.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,959,336.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.9 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (1) Shared voting and dispositive power represents (i) 1,935,256 shares of Common Stock beneficially owned by Nomura Global Financial Products, Inc. ("NGFP") and (ii) 24,080 shares of Common Stock beneficially owned by Nomura Securities International, Inc. ("NSI"). NGFP and NSI are wholly owned subsidiaries of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the shares of Common Stock beneficially owned by NGFP and NSI. (2) The percent of class is calculated based on 22,115,837 shares of Common Stock outstanding as of May 2, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended April 1, 2025 filed with the SEC on May 5, 2025.

SCHEDULE 13G

CUSIP No. 09180C106

1

Names of Reporting Persons

NOMURA GLOBAL FINANCIAL PRODUCTS INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,935,256.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,935,256.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,935,256.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.8 %

12

Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: (3) The percent of class is calculated based on 22,115,837 shares of Common Stock outstanding as of May 2, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended April 1, 2025 filed with the SEC on May 5, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BJs RESTAURANTS INC
(b)	Address of issuer's principal executive offices: 7755 Center Avenue, Suite 300, Huntington Beach, California, 92647
Item 2.
(a)	Name of person filing: Nomura Holdings, Inc. Nomura Global Financial Products, Inc.
(b)	Address or principal business office or, if none, residence: Nomura Holdings, Inc.: 13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan Nomura Global Financial Products, Inc.: Worldwide Plaza 309 West 49th Street New York, NY 10019
(c)	Citizenship: Nomura Holdings, Inc.: Japan Nomura Global Financial Products, Inc.: Delaware
(d)	Title of class of securities: Common Stock, No Par Value
(e)	CUSIP No.: 09180C106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Items 5-11 of the cover pages are incorporated by reference.
(b)	Percent of class: Items 5-11 of the cover pages are incorporated by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Items 5-11 of the cover pages are incorporated by reference.
	(ii) Shared power to vote or to direct the vote: Items 5-11 of the cover pages are incorporated by reference.
	(iii) Sole power to dispose or to direct the disposition of: Items 5-11 of the cover pages are incorporated by reference.
	(iv) Shared power to dispose or to direct the disposition of: Items 5-11 of the cover pages are incorporated by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit B
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and 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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

NOMURA HOLDINGS INC

Signature:	/s/ Samir Patel
Name/Title:	Samir Patel, Managing Director
Date:	08/14/2025

NOMURA GLOBAL FINANCIAL PRODUCTS INC

Signature:	/s/ Samir Patel
Name/Title:	Samir Patel, Authorized Officer
Date:	08/14/2025

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Subsidiaries

FAQ

How many BJRI shares do Nomura entities beneficially own?

Nomura-related filers report beneficial ownership of 1,959,336 shares of BJ's Restaurants common stock.

What percentage of BJ's Restaurants (BJRI) does Nomura own?

The aggregate position represents 8.9% of the outstanding common stock as reported in the filing.

Which Nomura entities hold the BJ's Restaurants shares?

The position consists of 1,935,256 shares held by Nomura Global Financial Products, Inc. and 24,080 shares held by Nomura Securities International, Inc.

Does the filing indicate Nomura intends to influence BJ's Restaurants' control or management?

No. The certification in the filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

What voting powers are reported for the Nomura holdings in BJRI?

The filing reports 0 shares with sole voting power and 1,959,336 shares with shared voting power.

Where is BJ's Restaurants' principal executive office located?

The issuer's principal executive office is listed at 7755 Center Avenue, Suite 300, Huntington Beach, California.