SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MALIBU BOATS, INC.

(Name of Issuer)

Class A Common Stock, par value $0.01

(Title of Class of Securities)

56117J100

(CUSIP Number)

12/31/2025

(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.

56117J100

Names of Reporting Persons

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

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

(a)

(b)

Sec Use Only

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 991,942.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 991,942.00

Aggregate Amount Beneficially Owned by Each Reporting Person

991,942.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

5.3 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The percent of class is calculated based on 18,601,382 shares of Class A Common Stock outstanding as of December 31, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2025 filed with the SEC on February 5, 2026.

SCHEDULE 13G

CUSIP No.

56117J100

Names of Reporting Persons

NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST

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

(a)

(b)

Sec Use Only

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 991,942.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 991,942.00

Aggregate Amount Beneficially Owned by Each Reporting Person

991,942.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

5.3 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

MALIBU BOATS, INC.

(b)

Address of issuer's principal executive offices:

5075 Kimberly Way, Loudon, Tennessee, 37774

Item 2.

(a)

Name of person filing:

Nomura Asset Management International Inc. Nomura Investment Management Business Trust This Schedule 13G excludes securities beneficially owned, if any, by Nomura Holdings Inc. and certain of its subsidiaries whose beneficial ownership of securities are disaggregated from that of Nomura Asset Management International Inc. and the advisory entities underneath Nomura Asset Management International Inc. in accordance with SEC Release No. 34-39538 (January 12, 1998).

(b)

Address or principal business office or, if none, residence:

Each of Nomura Asset Management International Inc. and Nomura Investment Management Business Trust: 100 Independence 610 Market Street Philadelphia, PA 19106-2354

(c)

Citizenship:

Each of Nomura Asset Management International Inc. and Nomura Investment Management Business Trust: Delaware

(d)

Title of class of securities:

Class A Common Stock, par value $0.01

(e)

CUSIP No.:

56117J100

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:

SEC Form SCHEDULE 13G filed by Malibu Boats Inc.