Nomura Holdings/NGFP Disclose 4% Ownership of Sylvamo Corp

Rhea-AI Filing Summary

Nomura Holdings, Inc. and its subsidiary Nomura Global Financial Products, Inc. reported beneficial ownership of 1,603,664 shares of Sylvamo Corp common stock, representing 4% of the outstanding class based on 40,400,000 shares as of June 30, 2025. The filing indicates the shares are held with shared voting and dispositive power by the subsidiary (NGFP), and Nomura Holdings may be deemed to beneficially own those shares as the parent. The statement was executed on August 14, 2025 and filed as an amendment to Schedule 13G.

Insights

Financial Analyst

TL;DR Nomura reports a modest 4% stake in Sylvamo, a disclosure-level holding that does not signal control.

The 1,603,664-share position equals 4% of Sylvamo's 40.4 million shares outstanding as of June 30, 2025. Filed on an amended Schedule 13G, the disclosure shows shared voting and dispositive power held by Nomura's trading subsidiary, NGFP, and clarifies parent-subsidiary attribution. Because the stake is below 5% and the filing affirms ordinary-course holding, this is a routine disclosure with limited immediate market impact.

Corporate Governance Expert

TL;DR This is a routine beneficial ownership disclosure by a parent and its subsidiary, not a control or activist signal.

The filing classifies the position as held in the ordinary course of business and not for changing control. Shared voting/dispositive power is attributed to NGFP, a wholly owned subsidiary of Nomura Holdings, consistent with required attribution to the parent. The amendment and exhibits (Joint Filing Agreement and Subsidiaries) document proper SEC reporting mechanics rather than any governance change at Sylvamo.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Sylvamo Corp

(Name of Issuer)

Common Stock, par value $1.00 per share

(Title of Class of Securities)

871332102

(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. 871332102

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 1,603,664.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,603,664.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,603,664.00

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)

4 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (1) Shared voting and dispositive power represents 1,603,664 shares of Common Stock beneficially owned by Nomura Global Financial Products, Inc. ("NGFP"). NGFP is a wholly owned subsidiary of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the shares of Common Stock beneficially owned by NGFP. (2) The percent of class is calculated based on 40,400,000 shares of Common Stock outstanding as of June 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2025 filed with the SEC on August 8, 2025.

SCHEDULE 13G

CUSIP No. 871332102

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 1,603,664.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,603,664.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,603,664.00

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)

4 %

12

Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: (3) The percent of class is calculated based on 40,400,000 shares of Common Stock outstanding as of June 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2025 filed with the SEC on August 8, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sylvamo Corp
(b)	Address of issuer's principal executive offices: 6077 Primacy Parkway, Memphis, Tennessee, 38119
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, par value $1.00 per share
(e)	CUSIP No.: 871332102
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.
	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

What stake in Sylvamo (SLVM) did Nomura report?

Nomura reported beneficial ownership of 1,603,664 shares, equal to 4% of Sylvamo's common stock based on 40,400,000 shares outstanding.

Who holds the shares reported in the Schedule 13G/A?

The shares are beneficially owned by Nomura Global Financial Products, Inc. (NGFP) with shared voting and dispositive power; Nomura Holdings, Inc. is the parent.

When is the share count used to calculate the percentage?

The percent of class is calculated using 40,400,000 shares outstanding as of June 30, 2025, per the issuer's quarterly report.

Was this filing intended to seek control of Sylvamo?

No. The certification states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

When was the Schedule 13G/A signed and filed?

The signatures on the amendment are dated August 14, 2025.