Nomura Holdings Inc 6-K, filed Apr 26, 2024

Nomura Holdings Inc (NMR)

6-K 2024-04-26 For: 2024-04-26

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Added on July 04, 2026

About this 6-K

Nomura Holdings Inc filed this 6-K on April 26, 2024.

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	NOMURA HOLDINGS, INC.

Date: April 26, 2024	By:	/s/ Yoshifumi Kishida
		Yoshifumi Kishida
		Senior Managing Director


Date:		April 26, 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)
	For the year ended March 31
	2023						2024

	(Millions of yen, except per share data)
				% Change from March 31, 2022						% Change from March 31, 2023
Total revenue		2,486,726			56.0	%		4,157,294			67.2	%
Net revenue		1,335,577			(2.1	%)		1,562,000			17.0	%
Income before income taxes		149,474			(34.0	%)		273,850			83.2	%
Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders		92,786			(35.1	%)		165,863			78.8	%
Comprehensive income		283,215			(10.3	%)		320,792			13.3	%
Basic-Net income attributable to NHI shareholders per share (Yen)		30.86						54.97
Diluted-Net income attributable to NHI shareholders per share (Yen)		29.74						52.69
Return on shareholders’ equity		3.1	%					5.1	%
Income before income taxes to total assets		0.3	%					0.5	%
Income before income taxes divided by total revenue		6.0	%					6.6	%
Equity in earnings of affiliates		41,910						45,687


	At March 31
	2023			2024

	(Millions of yen, except per share data)
Total assets		47,771,802			55,147,203
Total equity		3,224,142			3,448,513
Total NHI shareholders’ equity		3,148,567			3,350,189
Total NHI shareholders’ equity as a percentage of total assets		6.6	%		6.1	%
Total NHI shareholders’ equity per share (Yen)		1,048.24			1,127.72


(3) Cash Flows
	For the year ended March 31
	2023			2024

	(Millions of yen)
Net cash provided by (used in) operating activities		(694,820	)		86,626
Net cash used in investing activities		(233,225	)		(890,676	)
Net cash provided by financing activities		1,283,937			1,061,602
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of the year		3,820,852			4,299,022

Nomura Holdings Inc 6-K, filed Apr 26, 2024

About this 6-K

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Exhibit Number

1.		Financial Summary – Year ended March 31, 2024.


1. Overview of Consolidated Operating Results			2

(1) Overview of Consolidated Operating Results			2
(2) Overview of Consolidated Financial Position			4
(3) Overview of Cash Flows			4

2. Considerations in the selection of accounting standards			5

3. Consolidated Financial Statements			5

(1) Consolidated Balance Sheets			6
(2) Consolidated Statements of Income			8
(3) Consolidated Statements of Comprehensive Income			9
(4) Consolidated Statements of Changes in Equity			10
(5) Consolidated Statements of Cash Flows			11
(6) Note with respect to the Assumption as a Going Concern			12
(7) Notes to the Consolidated Financial Statements			13
(8) Other Financial Information			15

4. Other Information			17


	Billions of yen						% Change
	For the year ended						(B-A)/(A)
	March 31, 2023 (A)			March 31, 2024 (B)			(B-A)/(A)
Net revenue		1,335.6			1,562.0			17.0
Non-interest expenses		1,186.1			1,288.2			8.6

Income (loss) before income taxes		149.5			273.9			83.2
Income tax expense		57.8			96.6			67.2

Net income (loss)		91.7			177.2			93.3

Less: Net income (loss) attributable to noncontrolling interests		(1.1	)		11.4			—

Net income (loss) attributable to NHI shareholders		92.8			165.9			78.8

Return on shareholders’ equity*		3.1	%		5.1	%		—


	Millions of yen
	March 31, 2023			March 31, 2024			Increase/ (Decrease)
ASSETS
Cash and cash deposits:
Cash and cash equivalents		3,820,685			4,239,359			418,674
Time deposits		409,082			545,842			136,760
Deposits with stock exchanges and other segregated cash		291,480			369,770			78,290

Total cash and cash deposits		4,521,247			5,154,971			633,724

Loans and receivables:
Loans receivable		4,013,852			5,469,195			1,455,343
Receivables from customers		379,911			453,937			74,026
Receivables from other than customers		819,263			928,632			109,369
Allowance for credit losses		(5,832	)		(18,047	)		(12,215	)

Total loans and receivables		5,207,194			6,833,717			1,626,523

Collateralized agreements:
Securities purchased under agreements to resell		13,834,460			15,621,132			1,786,672
Securities borrowed		4,283,039			5,373,663			1,090,624

Total collateralized agreements		18,117,499			20,994,795			2,877,296

Trading assets and private equity and debt investments:
Trading assets^*		17,509,934			19,539,742			2,029,808
Private equity and debt investments^*		99,399			117,066			17,667

Total trading assets and private equity and debt investments		17,609,333			19,656,808			2,047,475

Other assets:
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥459,954 million as of March 31, 2023 and ¥529,605 million as of March 31, 2024)		464,316			448,785			(15,531	)
Non-trading debt securities^*		337,361			335,401			(1,960	)
Investments in equity securities^*		97,660			105,088			7,428
Investments in and advances to affiliated companies^*		402,485			462,017			59,532
Other		1,014,707			1,155,621			140,914

Total other assets		2,316,529			2,506,912			190,383

Total assets		47,771,802			55,147,203			7,375,401


	Millions of yen
	For the year ended
	March 31, 2023			March 31, 2024
Common stock
Balance at beginning of year		594,493			594,493

Balance at end of year		594,493			594,493

Additional paid-in capital
Balance at beginning of year		697,507			707,189
Stock-based compensation awards		9,411			1,609
Changes in ownership interests in subsidiaries		287			—
Changes in an affiliated company’s interests		(16	)		(13	)

Balance at end of year		707,189			708,785

Retained earnings
Balance at beginning of year		1,606,987			1,647,005
Net income attributable to NHI shareholders		92,786			165,863
Cash dividends		(51,050	)		(68,674	)
Loss on sales of treasury stock		(1,718	)		(2,364	)
Cancellation of treasury stock		—			(36,105	)

Balance at end of year		1,647,005			1,705,725

Accumulated other comprehensive income (loss)
Cumulative translation adjustments
Balance at beginning of year		136,912			242,767
Net change during the year		105,855			201,304

Balance at end of year		242,767			444,071

Defined benefit pension plans
Balance at beginning of year		(43,803	)		(32,174	)
Pension liability adjustments		11,629			12,662

Balance at end of year		(32,174	)		(19,512	)

Own credit adjustments
Balance at beginning of year		34,864			107,861
Own credit adjustments		72,997			(72,436	)

Balance at end of year		107,861			35,425

Balance at end of year		318,454			459,984

Common stock held in treasury
Balance at beginning of year		(112,355	)		(118,574	)
Repurchases of common stock		(24,728	)		(61,199	)
Sales of common stock		0			0
Common stock issued to employees		18,509			24,870
Cancellation of treasury stock		—			36,105

Balance at end of year		(118,574	)		(118,798	)

Total NHI shareholders’ equity

Balance at end of year		3,148,567			3,350,189

Noncontrolling interests
Balance at beginning of year		58,198			75,575
Net change during the year		17,377			22,749

Balance at end of year		75,575			98,324

Total equity

Balance at end of year		3,224,142			3,448,513


Number of shares outstanding as of March 31, 2024			2,970,755,160


Average number of shares outstanding for the year ended March 31, 2024			3,017,128,412


	Millions of yen																				% Change
	For the three months ended																				(B-A)/(A)
	June 30, 2022			September 30, 2022			December 31, 2022			March 31, 2023		June 30, 2023		September 30, 2023		December 31, 2023(A)			March 31, 2024(B)		(B-A)/(A)
Revenue:
Commissions		70,431			68,152			77,502			63,772		82,770		88,922		85,718			106,685		24.5
Fees from investment banking		27,285			24,189			33,783			27,951		31,146		38,604		55,229			48,286		(12.6	)
Asset management and portfolio service fees		68,250			69,038			67,035			67,361		71,807		76,666		77,496			84,185		8.6
Net gain on trading		141,918			160,905			142,132			118,314		115,563		116,613		125,069			134,366		7.4
Gain (loss) on private equity and debt investments		(4,535	)		5,738			8,050			5,251		6,887		1,123		1,882			1,985		5.5
Interest and dividends		109,049			196,893			373,283			435,465		549,651		658,458		686,300			726,447		5.8
Gain (loss) on investments in equity securities		(1,742	)		(1,523	)		644			1,195		4,777		2,792		(3,350	)		5,393		—
Other		(688	)		10,460			69,812			51,356		30,752		29,522		52,143			63,407		21.6

Total revenue		409,968			533,852			772,241			770,665		893,353		1,012,700		1,080,487			1,170,754		8.4
Interest expense		110,940			215,894			378,583			445,732		544,440		644,940		680,262			725,652		6.7

Net revenue		299,028			317,958			393,658			324,933		348,913		367,760		400,225			445,102		11.2

Non-interest expenses:
Compensation and benefits		143,061			150,894			156,275			155,557		158,673		167,138		170,629			177,083		3.8
Commissions and floor brokerage		28,488			28,183			32,275			30,291		31,365		34,336		34,315			37,312		8.7
Information processing and communications		49,732			52,127			54,004			53,674		52,836		53,616		54,342			56,332		3.7
Occupancy and related depreciation		16,359			16,643			17,180			16,675		16,601		17,477		16,806			17,814		6.0
Business development expenses		4,699			5,353			6,311			6,273		6,144		5,396		6,157			6,539		6.2
Other		44,956			33,274			44,047			39,772		36,984		33,062		39,265			57,928		47.5

Total non-interest expenses		287,295			286,474			310,092			302,242		302,603		311,025		321,514			353,008		9.8

Income before income taxes		11,733			31,484			83,566			22,691		46,310		56,735		78,711			92,094		17.0
Income tax expense		11,340			14,741			17,629			14,088		20,428		21,150		26,573			28,479		7.2

Net income		393			16,743			65,937			8,603		25,882		35,585		52,138			63,615		22.0

Less: Net income (loss) attributable to noncontrolling interests		(1,303	)		(28	)		(1,007	)		1,228		2,551		353		1,588			6,865		332.3

Net income attributable to NHI shareholders		1,696			16,771			66,944			7,375		23,331		35,232		50,550			56,750		12.3


	Yen																				% Change
Per share of common stock:
Basic-
Net income attributable to NHI shareholders per share		0.56			5.59			22.30			2.46		7.71		11.61		16.77			18.92		12.8

Diluted-
Net income attributable to NHI shareholders per share		0.52			5.41			21.51			2.34		7.40		11.21		16.10			18.02		11.9


	Millions of yen						% Change
	For the year ended						(B-A)/(A)
	March 31, 2023 (A)			March 31, 2024 (B)			(B-A)/(A)
Net revenue

Business segment information:
Retail		300,191			402,361			34.0
Investment Management		128,559			154,143			19.9
Wholesale		772,380			866,147			12.1

Subtotal		1,201,130			1,422,651			18.4
Other		164,718			149,690			(9.1	)

Net revenue		1,365,848			1,572,341			15.1

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(30,271	)		(10,341	)		—

Net revenue		1,335,577			1,562,000			17.0


Non-interest expenses

Business segment information:
Retail		266,695			279,682			4.9
Investment Management		85,064			93,945			10.4
Wholesale		743,011			812,236			9.3

Subtotal		1,094,770			1,185,863			8.3
Other		91,333			102,287			12.0

Non-interest expenses		1,186,103			1,288,150			8.6

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

Non-interest expenses		1,186,103			1,288,150			8.6


	Millions of yen																						% Change
	For the three months ended																						(B-A)/(A)
	June 30, 2022			September 30, 2022			December 31, 2022			March 31, 2023			June 30, 2023			September 30, 2023		December 31, 2023(A)			March 31, 2024(B)		(B-A)/(A)
Net revenue

Business segment information:
Retail		71,386			72,480			81,019			75,306			92,050			98,932		102,625			108,754		6.0
Investment Management		7,579			26,171			56,965			37,844			26,525			45,111		38,946			43,561		11.8
Wholesale		198,987			205,499			189,057			178,837			190,850			204,087		216,996			254,214		17.2

Subtotal		277,952			304,150			327,041			291,987			309,425			348,130		358,567			406,529		13.4
Other		23,925			15,623			87,310			37,860			43,755			16,953		54,620			34,362		(37.1	)

Net revenue		301,877			319,773			414,351			329,847			353,180			365,083		413,187			440,891		6.7

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	)		4,211		—

Net revenue		299,028			317,958			393,658			324,933			348,913			367,760		400,225			445,102		11.2


Non-interest expenses

Business segment information:
Retail		66,470			66,995			67,756			65,474			69,103			69,887		70,698			69,994		(1.0	)
Investment Management		19,293			20,618			23,663			21,490			22,898			21,896		23,350			25,801		10.5
Wholesale		173,715			185,310			190,911			193,075			188,749			195,823		194,026			233,638		20.4

Subtotal		259,478			272,923			282,330			280,039			280,750			287,606		288,074			329,433		14.4
Other		27,817			13,551			27,762			22,203			21,853			23,419		33,440			23,575		(29.5	)

Non-interest expenses		287,295			286,474			310,092			302,242			302,603			311,025		321,514			353,008		9.8

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			353,008		9.8


	Millions of yen																								% Change
	For the three months ended																								(B-A)/(A)
	June 30, 2022			September 30, 2022			December 31, 2022			March 31, 2023			June 30, 2023(A)			September 30, 2023(B)			December 31, 2023(A)			March 31, 2024(B)			(B-A)/(A)
Net gain (loss) related to economic hedging transactions		(9,807	)		98			(1,455	)		6,318			3,394			(8,905	)		7,575			(43	)		—
Realized gain (loss) on investments in equity securities held for operating purposes		240			55			21,895			6,195			8,191			26			11,762			1,048			(91.1	)
Equity in earnings of affiliates		16,993			9,114			8,893			12,744			13,718			9,013			8,830			14,859			68.3
Corporate items		(5,988	)		4,513			(3,323	)		(7,792	)		1,942			1,380			(6,459	)		(8,860	)		—
Other		(5,330	)		(11,708	)		33,538			(1,808	)		(5,343	)		(7,980	)		(528	)		3,783			—

Total		(3,892	)		2,072			59,548			15,657			21,902			(6,466	)		21,180			10,787			(49.1	)