Nomura Holdings Inc 6-K, filed Apr 26, 2022

Nomura Holdings Inc (NMR)

6-K 2022-04-26 For: 2022-04-26

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Added on July 04, 2026

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Nomura Holdings Inc filed this 6-K on April 26, 2022.

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	NOMURA HOLDINGS, INC.

Date: April 26, 2022	By:	/s/ Yoshifumi Kishida
		Yoshifumi Kishida
		Senior Managing Director


Date:		April 26, 2022
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 Executive 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
	2021						2022

	(Millions of yen, except per share data)
				% Change from March 31, 2020						% Change from March 31, 2021
Total revenue		1,617,235			(17.2	%)		1,593,999			(1.4	%)
Net revenue		1,401,872			8.9	%		1,363,890			(2.7	%)
Income before income taxes		230,671			(7.1	%)		226,623			(1.8	%)
Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders		153,116			(29.4	%)		142,996			(6.6	%)
Comprehensive income		149,302			(32.7	%)		315,576			111.4	%
Basic-Net income attributable to NHI shareholders per share (Yen)		50.11						46.68
Diluted-Net income attributable to NHI shareholders per share (Yen)		48.63						45.23
Return on shareholders’ equity		5.7	%					5.1	%
Income before income taxes to total assets		0.5	%					0.5	%
Income before income taxes divided by total revenue		14.3	%					14.2	%
Equity in earnings of affiliates		(21,274	)					32,083


	At March 31
	2021			2022

	(Millions of yen, except per share data)
Total assets		42,516,480			43,412,156
Total equity		2,756,451			2,972,803
Total NHI shareholders’ equity		2,694,938			2,914,605
Total NHI shareholders’ equity as a percentage of total assets		6.3	%		6.7	%
Total NHI shareholders’ equity per share (Yen)		879.79			965.80
(3) Cash Flows
	For the year ended March 31
	2021			2022

	(Millions of yen)
Net cash provided by (used in) operating activities		665,770			(1,368,710	)
Net cash used in investing activities		(139,026	)		(45,301	)
Net cash provided by (used in) financing activities		(269,927	)		1,070,715
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of the year		3,510,011			3,316,408


	For the year ended March 31
	2021			2022

	(Yen amounts, except total annual dividends)
Dividends per share
Dividends record dates
At June 30		—			—
At September 30		20.00			8.00
At December 31		—			—
At March 31		15.00			14.00
For the year		35.00			22.00
Total annual dividends (Millions of yen)		107,116			67,015
Consolidated payout ratio		69.8	%		47.1	%
Consolidated dividends as a percentage of shareholders’ equity per share		4.0	%		2.4	%

Nomura Holdings Inc 6-K, filed Apr 26, 2022

About this 6-K

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Exhibit Number

1.		Financial Summary – Year ended March 31, 2022.


1. Overview of Consolidated Operating Results			P. 2

(1) Overview of Consolidated Operating Results			P. 2
(2) Overview of Consolidated Financial Position			P. 4
(3) Overview of Cash Flows			P. 4
(4) Risks related to the COVID-19 pandemic			P. 4

2. Considerations in the selection of accounting standards			P. 5

3. 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) Consolidated Statements of Changes in Equity			P.10
(5) Consolidated Statements of Cash Flows			P.11
(6) Note with respect to the Assumption as a Going Concern			P.12
(7) Notes to the Consolidated Financial Statements			P.13
(8) Other Financial Information			P.15

4. Other Information			P.17


	Billions of yen						% Change
	For the year ended						(B-A)/(A)
	March 31, 2021 (A)			March 31, 2022 (B)			(B-A)/(A)
Net revenue		1,401.9			1,363.9			(2.7	)
Non-interest expenses		1,171.2			1,137.3			(2.9	)

Income (loss) before income taxes		230.7			226.6			(1.8	)
Income tax expense		70.3			80.1			14.0

Net income (loss)		160.4			146.5			(8.6	)

Less: Net income (loss) attributable to noncontrolling interests		7.3			3.5			(51.4	)

Net income (loss) attributable to NHI shareholders		153.1			143.0			(6.6	)

Return on shareholders’ equity*		5.7	%		5.1	%		—


	Millions of yen
	March 31, 2021			March 31, 2022			Increase/ (Decrease)
ASSETS
Cash and cash deposits:
Cash and cash equivalents		3,509,754			3,316,238			(193,516	)
Time deposits		281,422			320,754			39,332
Deposits with stock exchanges and other segregated cash		373,559			426,519			52,960

Total cash and cash deposits		4,164,735			4,063,511			(101,224	)

Loans and receivables:
Loans receivable		2,943,472			3,579,727			636,255
Receivables from customers		459,090			417,661			(41,429	)
Receivables from other than customers		793,669			1,069,660			275,991
Allowance for credit losses		(53,784	)		(66,346	)		(12,562	)

Total loans and receivables		4,142,447			5,000,702			858,255

Collateralized agreements:
Securities purchased under agreements to resell		10,775,078			11,879,312			1,104,234
Securities borrowed		5,264,360			4,997,129			(267,231	)

Total collateralized agreements		16,039,438			16,876,441			837,003

Trading assets and private equity and debt investments:
Trading assets*		15,674,354			15,230,817			(443,537	)
Private equity and debt investments*		63,825			65,193			1,368

Total trading assets and private equity and debt investments		15,738,179			15,296,010			(442,169	)

Other assets:
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥395,429 million as of March 31, 2021 and ¥426,081 million as of March 31, 2022)		464,449			419,047			(45,402	)
Non-trading debt securities*		426,758			484,681			57,923
Investments in equity securities*		126,649			133,897			7,248
Investments in and advances to affiliated companies*		364,393			364,281			(112	)
Other		1,049,432			773,586			(275,846	)

Total other assets		2,431,681			2,175,492			(256,189	)

Total assets		42,516,480			43,412,156			895,676


	Millions of yen
	For the year ended
	March 31, 2021			March 31, 2022
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		683,232			696,122
Stock-based compensation awards		11,775			1,421
Changes in an affiliated company’s interests in its subsidiary		1,115			—
Changes in an affiliated company’s interests		—			(36	)

Balance at end of year		696,122			697,507

Retained earnings
Balance at beginning of year		1,645,451			1,533,713
Cumulative effect of change in accounting principle		(18,200	)		—
Net income attributable to NHI shareholders		153,116			142,996
Cash dividends		(107,104	)		(67,007	)
Loss on sales of treasury stock		(346	)		(2,715	)
Cancellation of treasury stock		(139,204	)		—

Balance at end of year		1,533,713			1,606,987

Accumulated other comprehensive income (loss)
Cumulative translation adjustments
Balance at beginning of year		(26,274	)		18,316
Net change during the year		44,590			118,596

Balance at end of year		18,316			136,912

Defined benefit pension plans
Balance at beginning of year		(62,571	)		(43,477	)
Pension liability adjustments		19,094			(326	)

Balance at end of year		(43,477	)		(43,803	)

Own credit adjustments
Balance at beginning of year		62,740			(12,983	)
Own credit adjustments		(75,723	)		47,847

Balance at end of year		(12,983	)		34,864

Balance at end of year		(38,144	)		127,973

Common stock held in treasury
Balance at beginning of year		(243,604	)		(91,246	)
Repurchases of common stock		(11	)		(39,650	)
Sales of common stock		0			0
Common stock issued to employees		13,165			18,541
Cancellation of common stock		139,204			—

Balance at end of year		(91,246	)		(112,355	)

Total NHI shareholders’ equity

Balance at end of year		2,694,938			2,914,605

Noncontrolling interests
Balance at beginning of year		77,797			61,513
Net change during the year		(16,284	)		(3,315	)

Balance at end of year		61,513			58,198

Total equity

Balance at end of year		2,756,451			2,972,803


Number of shares outstanding as of March 31, 2022			3,017,804,012


Average number of shares outstanding for the year ended March 31, 2022			3,063,524,091


	Millions of yen																			% Change
	For the three months ended																			(B-A)/(A)
	June 30, 2020		September 30, 2020		December 31, 2020		March 31, 2021			June 30, 2021		September 30, 2021		December 31, 2021(A)			March 31, 2022(B)			(B-A)/(A)
Revenue:
Commissions		85,512		92,253		96,687		102,445			82,886		91,636		82,573			75,249			(8.9	)
Fees from investment banking		10,828		27,031		36,138		34,684			35,703		33,901		46,020			33,979			(26.2	)
Asset management and portfolio service fees		53,656		57,417		58,639		60,335			64,044		67,193		69,891			68,857			(1.5	)
Net gain (loss) on trading		139,089		131,463		136,402		(96,914	)		51,994		91,142		106,806			118,857			11.3
Gain (loss) on private equity and debt investments		1,070		1,805		1,362		8,497			25,988		475		4,619			(314	)		—
Interest and dividends		106,543		82,494		89,602		77,827			64,536		69,925		82,636			67,125			(18.8	)
Gain (loss) on investments in equity securities		3,473		1,940		3,523		5,117			3,468		2,082		(2,586	)		2,482			—
Other		113,878		24,939		33,519		35,981			76,553		22,855		13,793			39,631			187.3

Total revenue		514,049		419,342		455,872		227,972			405,172		379,209		403,752			405,866			0.5
Interest expense		53,302		50,344		53,780		57,937			51,897		60,343		52,787			65,082			23.3

Net revenue		460,747		368,998		402,092		170,035			353,275		318,866		350,965			340,784			(2.9	)

Non-interest expenses:
Compensation and benefits		138,297		137,006		136,816		95,787			135,603		129,245		139,035			125,623			(9.6	)
Commissions and floor brokerage		28,511		27,675		26,326		29,038			26,816		27,397		24,130			26,861			11.3
Information processing and communications		43,238		42,584		43,484		49,529			44,099		45,136		46,596			48,488			4.1
Occupancy and related depreciation		17,058		19,056		18,109		18,144			16,716		17,846		17,507			17,673			0.9
Business development expenses		2,832		3,632		3,388		3,668			3,294		3,902		4,400			4,045			(8.1	)
Other		49,000		55,418		42,636		139,969			48,214		76,873		39,197			68,571			74.9

Total non-interest expenses		278,936		285,371		270,759		336,135			274,742		300,399		270,865			291,261			7.5

Income (loss) before income taxes		181,811		83,627		131,333		(166,100	)		78,533		18,467		80,100			49,523			(38.2	)
Income tax expense		37,513		14,704		30,910		(12,853	)		28,540		12,984		18,482			20,084			8.7

Net income (loss)		144,298		68,923		100,423		(153,247	)		49,993		5,483		61,618			29,439			(52.2	)

Less: Net income (loss) attributable to noncontrolling interests		1,782		1,281		2,057		2,161			1,506		2,270		1,285			(1,524	)		—

Net income (loss) attributable to NHI shareholders		142,516		67,642		98,366		(155,408	)		48,487		3,213		60,333			30,963			(48.7	)


	Yen																			% Change
Per share of common stock:
Basic-
Net income (loss) attributable to NHI shareholders per share		46.77		22.13		32.16		(50.77	)		16.12		1.04		19.66			10.26			(47.8	)

Diluted-
Net income (loss) attributable to NHI shareholders per share		45.65		21.52		31.16		(50.78	)		15.59		1.01		19.07			9.89			(48.1	)


	Millions of yen				% Change
	For the year ended				(B-A)/(A)
	March 31, 2021 (A)		March 31, 2022 (B)		(B-A)/(A)
Net revenue

Business segment information:
Retail		368,809		327,985		(11.1	)
Investment Management		163,150		147,993		(9.3	)
Wholesale		691,356		703,055		1.7

Subtotal		1,223,315		1,179,033		(3.6	)
Other		167,012		179,234		7.3

Net revenue		1,390,327		1,358,267		(2.3	)

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		11,545		5,623		(51.3	)

Net revenue		1,401,872		1,363,890		(2.7	)


Non-interest expenses

Business segment information:
Retail		276,480		268,745		(2.8	)
Investment Management		72,142		76,478		6.0
Wholesale		627,051		628,563		0.2

Subtotal		975,673		973,786		(0.2	)
Other		195,528		163,481		(16.4	)

Non-interest expenses		1,171,201		1,137,267		(2.9	)

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

Non-interest expenses		1,171,201		1,137,267		(2.9	)


	Millions of yen																		% Change
	For the three months ended																		(B-A)/(A)
	June 30, 2020		September 30, 2020		December 31, 2020		March 31, 2021			June 30, 2021		September 30, 2021		December 31, 2021(A)			March 31, 2022(B)		(B-A)/(A)
Net revenue

Business segment information:
Retail		81,078		92,795		98,155		96,781			84,986		85,191		87,351			70,457		(19.3	)
Investment Management		39,674		30,068		39,380		54,028			63,482		34,329		40,108			10,074		(74.9	)
Wholesale		248,669		220,305		223,139		(757	)		132,777		172,669		202,709			194,900		(3.9	)

Subtotal		369,421		343,168		360,674		150,052			281,245		292,189		330,168			275,431		(16.6	)
Other		89,023		23,876		38,774		15,339			68,659		24,809		21,568			64,198		197.7

Net revenue		458,444		367,044		399,448		165,391			349,904		316,998		351,736			339,629		(3.4	)

Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		2,303		1,954		2,644		4,644			3,371		1,868		(771	)		1,155		—

Net revenue		460,747		368,998		402,092		170,035			353,275		318,866		350,965			340,784		(2.9	)


Non-interest expenses

Business segment information:
Retail		66,009		69,970		69,840		70,661			65,964		68,207		69,316			65,258		(5.9	)
Investment Management		17,503		18,018		17,836		18,785			18,569		19,300		19,757			18,852		(4.6	)
Wholesale		160,800		154,828		146,268		165,155			161,134		147,700		161,875			157,854		(2.5	)

Subtotal		244,312		242,816		233,944		254,601			245,667		235,207		250,948			241,964		(3.6	)
Other		34,624		42,555		36,815		81,534			29,075		65,192		19,917			49,297		147.5

Non-interest expenses		278,936		285,371		270,759		336,135			274,742		300,399		270,865			291,261		7.5

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

Non-interest expenses		278,936		285,371		270,759		336,135			274,742		300,399		270,865			291,261		7.5