Nomura Holdings Inc 6-K, filed Jan 31, 2024

Nomura Holdings Inc (NMR)

6-K 2024-01-31 For: 2024-01-31

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Added on July 04, 2026

About this 6-K

Nomura Holdings Inc filed this 6-K on January 31, 2024.

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	NOMURA HOLDINGS, INC.

Date: January 31, 2024	By:	/s/ Yoshifumi Kishida
		Yoshifumi Kishida
		Senior Managing Director


Date:		January 31, 2024
Company name (code number):		Nomura Holdings, Inc. (8604)
Stock exchange listings:		(In Japan) Tokyo, Nagoya (Overseas) New York, Singapore
Representative:		Kentaro Okuda President and Group CEO, Nomura Holdings, Inc.
For inquiries:		Junko Tago Managing Director, Head of Investor Relations, Nomura Holdings, Inc. Tel: (Country Code 81) 3-5255-1000 URL: https://www.nomura.com


	(Rounded to nearest million)
	(Millions of yen, except per share data)
	For the nine months ended December 31
	2022						2023

				% Change from December 31, 2021						% Change from December 31, 2022
Total revenue		1,716,061			44.4	%		2,986,540			74.0	%
Net revenue		1,010,644			(1.2	%)		1,116,898			10.5	%
Income before income taxes		126,783			(28.4	%)		181,756			43.4	%
Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders		85,411			(23.8	%)		109,113			27.8	%
Comprehensive income		246,052			41.0	%		166,527			(32.3	%)
Basic-Net income attributable to NHI shareholders per share (Yen)		28.40						36.08
Diluted-Net income attributable to NHI shareholders per share (Yen)		27.44						34.69
Return on shareholders’ equity - annualized		3.8	%					4.5	%


	(Millions of yen, except per share data)
	At March 31			At December 31
	2023			2023

Total assets		47,771,802			54,752,735
Total equity		3,224,142			3,360,649
Total NHI shareholders’ equity		3,148,567			3,279,524
Total NHI shareholders’ equity as a percentage of total assets		6.6	%		6.0	%
Total NHI shareholders’ equity per share (Yen)		1,048.24			1,087.95


					(Yen amounts)
	For the year ended March 31
	2023		2024		2024 (Plan)
Dividends per share
Dividends record dates
At June 30		—		—		—
At September 30		5.00		8.00		—
At December 31		—		—		—
At March 31		12.00		—		Unconfirmed
For the year		17.00		—		Unconfirmed

Nomura Holdings Inc 6-K, filed Jan 31, 2024

About this 6-K

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Exhibit Number

1.		Financial Summary – Nine months ended December 31, 2023.


1. Qualitative Information of the Quarterly Consolidated Results			P. 2

(1) Consolidated Operating Results			P. 2
(2) Consolidated Financial Position			P. 4
(3) Consolidated Earnings Forecasts			P. 4

2. Quarterly Consolidated Financial Statements			P. 5

(1) Consolidated Balance Sheets			P. 6
(2) Consolidated Statements of Income			P. 8
(3) Consolidated Statements of Comprehensive Income			P. 9
(4) Note with respect to the Assumption as a Going Concern			P. 9
(5) Segment Information – Operating Segment			P.10
(6) Significant Changes in Equity			P.11

3. Supplementary Information			P.12

(1) Consolidated Statements of Income – Quarterly Comparatives			P.12
(2) Business Segment Information – Quarterly Comparatives			P.13
(3) Other			P.14


	Billions of yen						% Change
	For the nine months ended						(B-A)/(A)
	December 31, 2022 (A)			December 31, 2023 (B)			(B-A)/(A)
Net revenue		1,010.6			1,116.9			10.5
Non-interest expenses		883.9			935.1			5.8

Income (loss) before income taxes		126.8			181.8			43.4
Income tax expense		43.7			68.2			55.9

Net income (loss)		83.1			113.6			36.8

Less: Net income (loss) attributable to noncontrolling interests		(2.3	)		4.5			—

Net income (loss) attributable to NHI shareholders		85.4			109.1			27.8

Return on shareholders’ equity - annualized		3.8	%		4.5	%		—


	Millions of yen
	March 31, 2023			December 31, 2023			Increase/ (Decrease)
ASSETS
Cash and cash deposits:
Cash and cash equivalents		3,820,685			4,337,014			516,329
Time deposits		409,082			489,290			80,208
Deposits with stock exchanges and other segregated cash		291,480			285,786			(5,694	)

Total cash and cash deposits		4,521,247			5,112,090			590,843

Loans and receivables:
Loans receivable		4,013,852			4,957,782			943,930
Receivables from customers		379,911			321,908			(58,003	)
Receivables from other than customers		819,263			1,188,688			369,425
Allowance for credit losses		(5,832	)		(3,916	)		1,916

Total loans and receivables		5,207,194			6,464,462			1,257,268

Collateralized agreements:
Securities purchased under agreements to resell		13,834,460			15,847,868			2,013,408
Securities borrowed		4,283,039			4,617,342			334,303

Total collateralized agreements		18,117,499			20,465,210			2,347,711

Trading assets and private equity and debt investments:
Trading assets*		17,509,934			20,150,489			2,640,555
Private equity and debt investments*		99,399			111,484			12,085

Total trading assets and private equity and debt investments		17,609,333			20,261,973			2,652,640

Other assets:
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥459,954 million as of March 31, 2023 and ¥502,837 million as of December 31, 2023)		464,316			466,800			2,484
Non-trading debt securities*		337,361			349,186			11,825
Investments in equity securities*		97,660			88,300			(9,360	)
Investments in and advances to affiliated companies*		402,485			451,731			49,246
Other		1,014,707			1,092,983			78,276

Total other assets		2,316,529			2,449,000			132,471

Total assets		47,771,802			54,752,735			6,980,933


	Millions of yen
	For the nine months ended December 31, 2023
Common stock
Balance at beginning of year		594,493

Balance at end of period		594,493

Additional paid-in capital
Balance at beginning of year		707,189
Stock-based compensation awards		(6,973	)
Changes in an affiliated company’s interests		(13	)

Balance at end of period		700,203

Retained earnings
Balance at beginning of year		1,647,005
Net income attributable to NHI shareholders		109,113
Cash dividends		(24,112	)
Loss on sales of treasury stock		(2,390	)
Cancellation of treasury stock		(36,105	)

Balance at end of period		1,693,511

Accumulated other comprehensive income (loss)
Cumulative translation adjustments
Balance at beginning of year		242,767
Net change during the period		97,470

Balance at end of period		340,237

Defined benefit pension plans
Balance at beginning of year		(32,174	)
Pension liability adjustment		890

Balance at end of period		(31,284	)

Own credit adjustments
Balance at beginning of year		107,861
Own credit adjustments		(46,307	)

Balance at end of period		61,554

Balance at end of period		370,507

Common stock held in treasury
Balance at beginning of year		(118,574	)
Repurchases of common stock		(20,010	)
Sale of common stock		0
Common stock issued to employees		23,289
Cancellation of treasury stock		36,105

Balance at end of period		(79,190	)

Total NHI shareholders’ equity

Balance at end of period		3,279,524

Noncontrolling interests
Balance at beginning of year		75,575
Net change during the period		5,550

Balance at end of period		81,125

Total equity

Balance at end of period		3,360,649


	Millions of yen						% Change
	For the nine months ended						(B-A)/(A)
	December 31, 2022 (A)			December 31, 2023 (B)			(B-A)/(A)
Net revenue

Business segment information:
Retail		224,885			293,607			30.6
Investment Management		90,715			110,582			21.9
Wholesale		593,543			611,933			3.1

Subtotal		909,143			1,016,122			11.8
Other		126,858			115,328			(9.1	)

Net revenue		1,036,001			1,131,450			9.2

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(25,357	)		(14,552	)		—

Net revenue		1,010,644			1,116,898			10.5


Non-interest expenses

Business segment information:
Retail		201,221			209,688			4.2
Investment Management		63,574			68,144			7.2
Wholesale		549,936			578,598			5.2

Subtotal		814,731			856,430			5.1
Other		69,130			78,712			13.9

Non-interest expenses		883,861			935,142			5.8

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		—			—			—

Non-interest expenses		883,861			935,142			5.8


	Millions of yen																		% Change			Millions of yen
	For the three months ended																					For the year ended
	June 30, 2022			September 30, 2022			December 31, 2022			March 31, 2023		June 30, 2023		September 30, 2023(A)		December 31, 2023(B)			(B-A)/(A)			March 31, 2023
Revenue:
Commissions		70,431			68,152			77,502			63,772		82,770		88,922		85,718			(3.6	)		279,857
Fees from investment banking		27,285			24,189			33,783			27,951		31,146		38,604		55,229			43.1			113,208
Asset management and portfolio service fees		68,250			69,038			67,035			67,361		71,807		76,666		77,496			1.1			271,684
Net gain on trading		141,918			160,905			142,132			118,314		115,563		116,613		125,069			7.3			563,269
Gain (loss) on private equity and debt investments		(4,535	)		5,738			8,050			5,251		6,887		1,123		1,882			67.6			14,504
Interest and dividends		109,049			196,893			373,283			435,465		549,651		658,458		686,300			4.2			1,114,690
Gain (loss) on investments in equity securities		(1,742	)		(1,523	)		644			1,195		4,777		2,792		(3,350	)		—			(1,426	)
Other		(688	)		10,460			69,812			51,356		30,752		29,522		52,143			76.6			130,940

Total revenue		409,968			533,852			772,241			770,665		893,353		1,012,700		1,080,487			6.7			2,486,726
Interest expense		110,940			215,894			378,583			445,732		544,440		644,940		680,262			5.5			1,151,149

Net revenue		299,028			317,958			393,658			324,933		348,913		367,760		400,225			8.8			1,335,577

Non-interest expenses:
Compensation and benefits		143,061			150,894			156,275			155,557		158,673		167,138		170,629			2.1			605,787
Commissions and floor brokerage		28,488			28,183			32,275			30,291		31,365		34,336		34,315			(0.1	)		119,237
Information processing and communications		49,732			52,127			54,004			53,674		52,836		53,616		54,342			1.4			209,537
Occupancy and related depreciation		16,359			16,643			17,180			16,675		16,601		17,477		16,806			(3.8	)		66,857
Business development expenses		4,699			5,353			6,311			6,273		6,144		5,396		6,157			14.1			22,636
Other		44,956			33,274			44,047			39,772		36,984		33,062		39,265			18.8			162,049

Total non-interest expenses		287,295			286,474			310,092			302,242		302,603		311,025		321,514			3.4			1,186,103

Income before income taxes		11,733			31,484			83,566			22,691		46,310		56,735		78,711			38.7			149,474
Income tax expense		11,340			14,741			17,629			14,088		20,428		21,150		26,573			25.6			57,798

Net income		393			16,743			65,937			8,603		25,882		35,585		52,138			46.5			91,676

Less: Net income (loss) attributable to noncontrolling interests		(1,303	)		(28	)		(1,007	)		1,228		2,551		353		1,588			349.9			(1,110	)

Net income attributable to NHI shareholders		1,696			16,771			66,944			7,375		23,331		35,232		50,550			43.5			92,786


	Yen																		% Change			Yen


	Millions of yen																				% Change			Millions of yen
	For the three months ended																							For the year ended
	June 30, 2022			September 30, 2022			December 31, 2022			March 31, 2023			June 30, 2023			September 30, 2023(A)		December 31, 2023(B)			(B-A)/(A)			March 31, 2023
Net revenue

Business segment information:
Retail		71,386			72,480			81,019			75,306			92,050			98,932		102,625			3.7			300,191
Investment Management		7,579			26,171			56,965			37,844			26,525			45,111		38,946			(13.7	)		128,559
Wholesale		198,987			205,499			189,057			178,837			190,850			204,087		216,996			6.3			772,380

Subtotal		277,952			304,150			327,041			291,987			309,425			348,130		358,567			3.0			1,201,130
Other		23,925			15,623			87,310			37,860			43,755			16,953		54,620			222.2			164,718

Net revenue		301,877			319,773			414,351			329,847			353,180			365,083		413,187			13.2			1,365,848

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(2,849	)		(1,815	)		(20,693	)		(4,914	)		(4,267	)		2,677		(12,962	)		—			(30,271	)

Net revenue		299,028			317,958			393,658			324,933			348,913			367,760		400,225			8.8			1,335,577


Non-interest expenses

Business segment information:
Retail		66,470			66,995			67,756			65,474			69,103			69,887		70,698			1.2			266,695
Investment Management		19,293			20,618			23,663			21,490			22,898			21,896		23,350			6.6			85,064
Wholesale		173,715			185,310			190,911			193,075			188,749			195,823		194,026			(0.9	)		743,011

Subtotal		259,478			272,923			282,330			280,039			280,750			287,606		288,074			0.2			1,094,770
Other		27,817			13,551			27,762			22,203			21,853			23,419		33,440			42.8			91,333

Non-interest expenses		287,295			286,474			310,092			302,242			302,603			311,025		321,514			3.4			1,186,103

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		—			—			—			—			—			—		—			—			—

Non-interest expenses		287,295			286,474			310,092			302,242			302,603			311,025		321,514			3.4			1,186,103


	Millions of yen																					% Change			Millions of yen
	For the three months ended																								For the year ended
	June 30, 2022			September 30, 2022			December 31, 2022			March 31, 2023			June 30, 2023			September 30, 2023(A)			December 31, 2023(B)			(B-A)/(A)			March 31, 2023
Net gain (loss) related to economic hedging transactions		(9,807	)		98			(1,455	)		6,318			3,394			(8,905	)		7,575			—			(4,846	)
Realized gain (loss) on investments in equity securities held for operating purposes		240			55			21,895			6,195			8,191			26			11,762			—			28,385
Equity in earnings of affiliates		16,993			9,114			8,893			12,744			13,718			9,013			8,830			(2.0	)		47,744
Corporate items		(5,988	)		4,513			(3,323	)		(7,792	)		1,942			1,380			(6,459	)		—			(12,590	)
Other		(5,330	)		(11,708	)		33,538			(1,808	)		(5,343	)		(7,980	)		(528	)		—			14,692

Total		(3,892	)		2,072			59,548			15,657			21,902			(6,466	)		21,180			—			73,385