Nomura Holdings Inc 6-K, filed Oct 27, 2023

Nomura Holdings Inc (NMR)

6-K 2023-10-27 For: 2023-10-27

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Added on April 09, 2026

About this 6-K

Nomura Holdings Inc filed this 6-K on October 27, 2023.

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	NOMURA HOLDINGS, INC.

Date: October 27, 2023	By:	/s/ Yoshifumi Kishida
		Yoshifumi Kishida
		Senior Managing Director


Date:		October 27, 2023
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 six months ended September 30
	2022						2023

				% Change from September 30, 2021						% Change from September 30, 2022
Total revenue		943,820			20.3	%		1,906,053			102.0	%
Net revenue		616,986			(8.2	%)		716,673			16.2	%
Income before income taxes		43,217			(55.4	%)		103,045			138.4	%
Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders		18,467			(64.3	%)		58,563			217.1	%
Comprehensive income		283,804			330.3	%		186,810			(34.2	%)
Basic-Net income attributable to NHI shareholders per share (Yen)		6.13						19.34
Diluted-Net income attributable to NHI shareholders per share (Yen)		5.91						18.62
Return on shareholders’ equity - annualized		1.2	%					3.6	%


	(Millions of yen, except per share data)
	At March 31			At September 30
	2023			2023

Total assets		47,771,802			54,815,293
Total equity		3,224,142			3,372,248
Total NHI shareholders’ equity		3,148,567			3,291,440
Total NHI shareholders’ equity as a percentage of total assets		6.6	%		6.0	%
Total NHI shareholders’ equity per share (Yen)		1,048.24			1,092.03


	(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 Oct 27, 2023

About this 6-K

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Exhibit Number

1.		Financial Summary – Six months ended September 30, 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 six months ended						(B-A)/(A)
	September 30, 2022 (A)			September 30, 2023 (B)			(B-A)/(A)
Net revenue		617.0			716.7			16.2
Non-interest expenses		573.8			613.6			6.9

Income (loss) before income taxes		43.2			103.0			138.4
Income tax expense		26.1			41.6			59.4

Net income (loss)		17.1			61.5			258.7

Less: Net income (loss) attributable to noncontrolling interests		(1.3	)		2.9			—

Net income (loss) attributable to NHI shareholders		18.5			58.6			217.1

Return on shareholders’ equity - annualized		1.2	%		3.6	%		—


	Millions of yen
	March 31, 2023			September 30, 2023			Increase/ (Decrease)
ASSETS
Cash and cash deposits:
Cash and cash equivalents		3,820,685			4,105,049			284,364
Time deposits		409,082			454,862			45,780
Deposits with stock exchanges and other segregated cash		291,480			316,895			25,415

Total cash and cash deposits		4,521,247			4,876,806			355,559

Loans and receivables:
Loans receivable		4,013,852			4,724,588			710,736
Receivables from customers		379,911			340,112			(39,799	)
Receivables from other than customers		819,263			1,052,928			233,665
Allowance for credit losses		(5,832	)		(5,781	)		51

Total loans and receivables		5,207,194			6,111,847			904,653

Collateralized agreements:
Securities purchased under agreements to resell		13,834,460			16,973,371			3,138,911
Securities borrowed		4,283,039			4,796,490			513,451

Total collateralized agreements		18,117,499			21,769,861			3,652,362

Trading assets and private equity and debt investments:
Trading assets*		17,509,934			19,520,629			2,010,695
Private equity and debt investments*		99,399			111,212			11,813

Total trading assets and private equity and debt investments		17,609,333			19,631,841			2,022,508

Other assets:
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥459,954 million as of March 31, 2023 and ¥509,094 million as of September 30, 2023)		464,316			462,873			(1,443	)
Non-trading debt securities*		337,361			390,620			53,259
Investments in equity securities*		97,660			106,422			8,762
Investments in and advances to affiliated companies*		402,485			450,360			47,875
Other		1,014,707			1,014,663			(44	)

Total other assets		2,316,529			2,424,938			108,409

Total assets		47,771,802			54,815,293			7,043,491


	Millions of yen
	For the six months ended September 30, 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		(16,333	)
Changes in an affiliated company’s interests		(14	)

Balance at end of period		690,842

Retained earnings
Balance at beginning of year		1,647,005
Net income attributable to NHI shareholders		58,563
Cash dividends		(24,112	)
Loss on sales of treasury stock		(2,433	)
Cancellation of treasury stock		(36,105	)

Balance at end of period		1,642,918

Accumulated other comprehensive income (loss)
Cumulative translation adjustments
Balance at beginning of year		242,767
Net change during the period		171,568

Balance at end of period		414,335

Defined benefit pension plans
Balance at beginning of year		(32,174	)
Pension liability adjustment		769

Balance at end of period		(31,405	)

Own credit adjustments
Balance at beginning of year		107,861
Own credit adjustments		(48,229	)

Balance at end of period		59,632

Balance at end of period		442,562

Common stock held in treasury
Balance at beginning of year		(118,574	)
Repurchases of common stock		(20,007	)
Sale of common stock		0
Common stock issued to employees		23,101
Cancellation of treasury stock		36,105

Balance at end of period		(79,375	)

Total NHI shareholders’ equity

Balance at end of period		3,291,440

Noncontrolling interests
Balance at beginning of year		75,575
Net change during the period		5,233

Balance at end of period		80,808

Total equity

Balance at end of period		3,372,248


	Millions of yen						% Change
	For the six months ended						(B-A)/(A)
	September 30, 2022 (A)			September 30, 2023 (B)			(B-A)/(A)
Net revenue

Business segment information:
Retail		143,866			190,982			32.7
Investment Management		33,750			71,636			112.3
Wholesale		404,486			394,937			(2.4	)

Subtotal		582,102			657,555			13.0
Other		39,548			60,708			53.5

Net revenue		621,650			718,263			15.5

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(4,664	)		(1,590	)		—

Net revenue		616,986			716,673			16.2


Non-interest expenses

Business segment information:
Retail		133,465			138,990			4.1
Investment Management		39,911			44,794			12.2
Wholesale		359,025			384,572			7.1

Subtotal		532,401			568,356			6.8
Other		41,368			45,272			9.4

Non-interest expenses		573,769			613,628			6.9

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

Non-interest expenses		573,769			613,628			6.9


	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(A)		September 30, 2023(B)		(B-A)/(A)			March 31, 2023
Revenue:
Commissions		70,431			68,152			77,502			63,772		82,770		88,922		7.4			279,857
Fees from investment banking		27,285			24,189			33,783			27,951		31,146		38,604		23.9			113,208
Asset management and portfolio service fees		68,250			69,038			67,035			67,361		71,807		76,666		6.8			271,684
Net gain on trading		141,918			160,905			142,132			118,314		115,563		116,613		0.9			563,269
Gain (loss) on private equity and debt investments		(4,535	)		5,738			8,050			5,251		6,887		1,123		(83.7	)		14,504
Interest and dividends		109,049			196,893			373,283			435,465		549,651		658,458		19.8			1,114,690
Gain (loss) on investments in equity securities		(1,742	)		(1,523	)		644			1,195		4,777		2,792		(41.6	)		(1,426	)
Other		(688	)		10,460			69,812			51,356		30,752		29,522		(4.0	)		130,940

Total revenue		409,968			533,852			772,241			770,665		893,353		1,012,700		13.4			2,486,726
Interest expense		110,940			215,894			378,583			445,732		544,440		644,940		18.5			1,151,149

Net revenue		299,028			317,958			393,658			324,933		348,913		367,760		5.4			1,335,577

Non-interest expenses:
Compensation and benefits		143,061			150,894			156,275			155,557		158,673		167,138		5.3			605,787
Commissions and floor brokerage		28,488			28,183			32,275			30,291		31,365		34,336		9.5			119,237
Information processing and communications		49,732			52,127			54,004			53,674		52,836		53,616		1.5			209,537
Occupancy and related depreciation		16,359			16,643			17,180			16,675		16,601		17,477		5.3			66,857
Business development expenses		4,699			5,353			6,311			6,273		6,144		5,396		(12.2	)		22,636
Other		44,956			33,274			44,047			39,772		36,984		33,062		(10.6	)		162,049

Total non-interest expenses		287,295			286,474			310,092			302,242		302,603		311,025		2.8			1,186,103

Income before income taxes		11,733			31,484			83,566			22,691		46,310		56,735		22.5			149,474
Income tax expense		11,340			14,741			17,629			14,088		20,428		21,150		3.5			57,798

Net income		393			16,743			65,937			8,603		25,882		35,585		37.5			91,676

Less: Net income (loss) attributable to noncontrolling interests		(1,303	)		(28	)		(1,007	)		1,228		2,551		353		(86.2	)		(1,110	)

Net income attributable to NHI shareholders		1,696			16,771			66,944			7,375		23,331		35,232		51.0			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(A)			September 30, 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		7.5			300,191
Investment Management		7,579			26,171			56,965			37,844			26,525			45,111		70.1			128,559
Wholesale		198,987			205,499			189,057			178,837			190,850			204,087		6.9			772,380

Subtotal		277,952			304,150			327,041			291,987			309,425			348,130		12.5			1,201,130
Other		23,925			15,623			87,310			37,860			43,755			16,953		(61.3	)		164,718

Net revenue		301,877			319,773			414,351			329,847			353,180			365,083		3.4			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		—			(30,271	)

Net revenue		299,028			317,958			393,658			324,933			348,913			367,760		5.4			1,335,577


Non-interest expenses

Business segment information:
Retail		66,470			66,995			67,756			65,474			69,103			69,887		1.1			266,695
Investment Management		19,293			20,618			23,663			21,490			22,898			21,896		(4.4	)		85,064
Wholesale		173,715			185,310			190,911			193,075			188,749			195,823		3.7			743,011

Subtotal		259,478			272,923			282,330			280,039			280,750			287,606		2.4			1,094,770
Other		27,817			13,551			27,762			22,203			21,853			23,419		7.2			91,333

Non-interest expenses		287,295			286,474			310,092			302,242			302,603			311,025		2.8			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		2.8			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(A)			September 30, 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	)		—			(4,846	)
Realized gain (loss) on investments in equity securities held for operating purposes		240			55			21,895			6,195			8,191			26			(99.7	)		28,385
Equity in earnings of affiliates		16,993			9,114			8,893			12,744			13,718			9,013			(34.3	)		47,744
Corporate items		(5,988	)		4,513			(3,323	)		(7,792	)		1,942			1,380			(28.9	)		(12,590	)
Other		(5,330	)		(11,708	)		33,538			(1,808	)		(5,343	)		(7,980	)		—			14,692

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