Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
August 01 2023 - 6:06AM
Edgar (US Regulatory)
FORM
6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 1-15270
For the month of August 2023
NOMURA HOLDINGS, INC.
(Translation of registrant’s name into English)
13-1, Nihonbashi 1-chome
Chuo-ku, Tokyo 103-8645
Japan
(Address of
principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F X Form
40-F
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Information furnished on this form:
EXHIBIT
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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NOMURA HOLDINGS, INC. |
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| Date: August 1, 2023 |
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By: |
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/s/ Yoshifumi Kishida |
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Yoshifumi Kishida |
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Senior Managing Director |
Financial Summary For the Three Months Ended June 30, 2023
(U.S. GAAP)
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| Date: |
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August 1, 2023 |
| Company name (code number): |
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Nomura Holdings, Inc. (8604) |
| Stock exchange listings: |
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(In Japan) Tokyo, Nagoya (Overseas) New York,
Singapore |
| Representative: |
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Kentaro Okuda President and Group CEO, Nomura
Holdings, Inc. |
| For inquiries: |
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Junko Tago Managing Director, Head of Investor
Relations, Nomura Holdings, Inc. Tel: (Country Code 81) 3-5255-1000
URL: https://www.nomura.com |
1. Consolidated Operating Results
(1) Operating Results
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(Rounded to nearest million) |
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(Millions of yen, except per share data) |
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For the three months ended June 30 |
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2022 |
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2023 |
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% Change from
June 30, 2021 |
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% Change from
June 30, 2022 |
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| Total revenue |
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409,968 |
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1.2 |
% |
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893,353 |
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117.9 |
% |
| Net revenue |
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299,028 |
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(15.4 |
%) |
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348,913 |
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16.7 |
% |
| Income before income taxes |
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11,733 |
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(85.1 |
%) |
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46,310 |
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294.7 |
% |
| Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders |
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1,696 |
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(96.5 |
%) |
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23,331 |
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— |
% |
| Comprehensive income |
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169,507 |
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230.9 |
% |
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126,258 |
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(25.5 |
%) |
| Basic-Net income attributable to NHI shareholders per
share (Yen) |
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0.56 |
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7.71 |
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| Diluted-Net income attributable to NHI shareholders per
share (Yen) |
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0.52 |
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7.40 |
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| Return on shareholders’ equity - annualized |
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0.2 |
% |
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2.9 |
% |
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Note: Return on shareholders’ equity is a ratio of Net income attributable to NHI shareholders to Total NHI
shareholders’ equity.
(2) Financial Position
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(Millions of yen, except per share data) |
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At March 31 |
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At June 30 |
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2023 |
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2023 |
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| Total assets |
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47,771,802 |
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52,493,241 |
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| Total equity |
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3,224,142 |
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3,345,839 |
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| Total NHI shareholders’ equity |
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3,148,567 |
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3,265,436 |
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| Total NHI shareholders’ equity as a percentage of total assets |
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6.6 |
% |
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6.2 |
% |
| Total NHI shareholders’ equity per share (Yen) |
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1,048.24 |
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1,071.38 |
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2. Cash Dividends
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(Yen amounts) |
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For the year ended March 31 |
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2023 |
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2024 |
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2024 (Plan) |
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| Dividends per share |
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| Dividends record dates |
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| At June 30 |
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— |
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— |
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— |
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| At September 30 |
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5.00 |
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— |
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Unconfirmed |
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| At December 31 |
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— |
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— |
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— |
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| At March 31 |
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12.00 |
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— |
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Unconfirmed |
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| For the year |
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17.00 |
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— |
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Unconfirmed |
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Note: Fiscal year 2024 Q2 and Q4 dividends are not presented per reasons stated in “3. Earnings forecasts for the year
ending March 31, 2024”.
3. Earnings Forecasts for the year ending March 31, 2024
Nomura provides investment, financing and related services in the capital markets on a global basis. In the global capital markets there exist
uncertainties due to, but not limited to, economic and market conditions. Nomura, therefore, does not present earnings forecasts.
Notes
(1) Changes in significant subsidiaries during the period: None
(Changes in Specified Subsidiaries accompanying changes in scope of consolidation.)
(2) Adoption of the simplified and particular accounting treatments: None
(3) Changes in accounting policies
a) Changes in accounting policies due to amendments to the accounting standards : None
b) Changes in accounting policies due to other than a) : None
(4) Number of shares issued (common stock)
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At March 31 |
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At June 30 |
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2023 |
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2023 |
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| Number of shares outstanding (including treasury stock) |
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3,233,562,601 |
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3,163,562,601 |
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| Number of treasury stock |
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229,883,277 |
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115,675,155 |
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For the three months ended June 30 |
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2022 |
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2023 |
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| Average number of shares outstanding (year-to-date) |
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3,017,845,872 |
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3,025,892,670 |
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*This financial summary is not subject to certified public accountant’s or audit firm’s quarterly review.
Table of Contents for the Accompanying Materials
– 1 –
| 1. |
Qualitative Information of the Quarterly Consolidated Results |
| (1) |
Consolidated Operating Results |
U.S. GAAP
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Billions of yen |
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% Change |
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For the three months ended |
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(B-A)/(A) |
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June 30,
2022 (A) |
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June 30,
2023 (B) |
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| Net revenue |
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299.0 |
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348.9 |
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16.7 |
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| Non-interest expenses |
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287.3 |
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302.6 |
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5.3 |
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| Income (loss) before income taxes |
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11.7 |
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46.3 |
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294.7 |
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| Income tax expense |
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11.3 |
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20.4 |
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80.1 |
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| Net income (loss) |
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0.4 |
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25.9 |
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— |
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| Less: Net income (loss) attributable to noncontrolling interests |
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(1.3 |
) |
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2.6 |
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— |
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| Net income (loss) attributable to NHI shareholders |
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1.7 |
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23.3 |
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— |
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| Return on shareholders’ equity - annualized |
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0.2 |
% |
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2.9 |
% |
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— |
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Note: Return on shareholders’ equity is a ratio of Net income (loss) attributable to NHI shareholders to Total NHI
shareholders’ equity.
Nomura Holdings, Inc. and its consolidated entities (collectively, “Nomura”)
reported net revenue of 348.9 billion yen for the three months ended June 30, 2023, an increase of 16.7% from the same period in the prior year. Non-interest expenses increased by 5.3% from the same
period in the prior year to 302.6 billion yen. Income before income taxes was 46.3 billion yen and net income attributable to NHI shareholders was 23.3 billion yen for the three months ended June 30, 2023.
Segment Information
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Billions of yen |
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% Change |
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For the three months ended |
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(B-A)/(A) |
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June 30,
2022 (A) |
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June 30,
2023 (B) |
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| Net revenue |
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301.9 |
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353.2 |
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17.0 |
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| Non-interest expenses |
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287.3 |
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302.6 |
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5.3 |
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| Income (loss) before income taxes |
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14.6 |
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50.6 |
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246.8 |
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In the above segment information totals, which exclude a part of unrealized gain (loss) on
investments in equity securities held for operating purposes, net revenue for the three months ended June 30, 2023 was 353.2 billion yen, an increase of 17.0% from the same period in the prior year.
Non-interest expenses increased by 5.3% from the same period in the prior year to 302.6 billion yen. Income before income taxes increased by 246.8% to 50.6 billion yen for the three months ended
June 30, 2023. Please refer to page 10 for further details of the differences between U.S. GAAP and business segment amounts.
– 2 –
<Business Segment Results>
Operating Results of Retail
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Billions of yen |
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% Change |
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For the three months ended |
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(B-A)/(A) |
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June 30,
2022 (A) |
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June 30,
2023 (B) |
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| Net revenue |
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71.4 |
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92.1 |
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28.9 |
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| Non-interest expenses |
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66.5 |
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69.1 |
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4.0 |
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| Income (loss) before income taxes |
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4.9 |
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22.9 |
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366.8 |
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Net revenue increased by 28.9% from the same period in the prior year to 92.1 billion
yen. Non-interest expense increased by 4.0% to 69.1 billion yen. As a result, income before income taxes increased by 366.8% to 22.9 billion yen.
Operating Results of Investment Management
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Billions of yen |
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% Change |
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For the three months ended |
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(B-A)/(A) |
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| |
June 30,
2022 (A) |
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June 30,
2023 (B) |
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| Net revenue |
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7.6 |
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26.5 |
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250.0 |
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| Non-interest expenses |
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19.3 |
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22.9 |
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18.7 |
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| Income (loss) before income taxes |
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(11.7 |
) |
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3.6 |
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— |
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Net revenue increased by 250.0% from the same period in the prior year to 26.5 billion
yen. Non-interest expense increased by 18.7% to 22.9 billion yen. As a result, income before income taxes was 3.6 billion yen. Assets under management were 76.1 trillion yen as of June 30, 2023.
Operating Results of Wholesale
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Billions of yen |
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% Change |
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For the three months ended |
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(B-A)/(A) |
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June 30,
2022 (A) |
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June 30,
2023 (B) |
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| Net revenue |
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199.0 |
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190.9 |
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(4.1 |
) |
| Non-interest expenses |
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173.7 |
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188.7 |
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8.7 |
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| Income (loss) before income taxes |
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25.3 |
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2.1 |
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(91.7 |
) |
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Net revenue decreased by 4.1% from the same period in the prior year to 190.9 billion
yen. Non-interest expense increased by 8.7% to 188.7 billion yen. As a result, income before income taxes decreased by 91.7% to 2.1 billion yen.
– 3 –
Other Operating Results
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Billions of yen |
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% Change |
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For the three months ended |
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(B-A)/(A) |
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June 30,
2022 (A) |
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June 30,
2023 (B) |
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| Net revenue |
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23.9 |
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43.8 |
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82.9 |
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| Non-interest expenses |
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27.8 |
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21.9 |
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(21.4 |
) |
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| Income (loss) before income taxes |
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(3.9 |
) |
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21.9 |
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— |
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Net revenue was 43.8 billion yen. Income before income taxes was 21.9 billion yen.
| (2) |
Consolidated Financial Position |
Total assets as of June 30, 2023 were 52,493.2 billion yen, an increase of 4,721.4 billion yen compared to
March 31, 2023, mainly due to the increase in Trading assets and Securities purchased under agreements to resell. Total liabilities as of June 30, 2023 were 49,147.4 billion yen, an increase of 4,599.7 billion yen
compared to March 31, 2023, mainly due to the increase in Trading liabilities and Securities sold under agreements to repurchase. Total equity as of June 30, 2023 was 3,345.8 billion yen, an increase of
121.7 billion yen compared to March 31, 2023.
| (3) |
Consolidated Earnings Forecasts |
Nomura provides investment, financing and related services in the capital markets on a global basis. In the global capital
markets there exist uncertainties due to, but not limited to, economic and market conditions. Nomura, therefore, does not present earnings and dividend forecasts.
– 4 –
| 2. |
Quarterly Consolidated Financial Statements |
The quarterly consolidated financial information herein has been prepared in accordance with Nomura’s accounting policies
which are disclosed in the notes to the consolidated financial statements of Nomura Holdings, Inc.’s Annual Securities Report (the annual report filed in Japan on June 28, 2023) and Form 20-F (the
annual report filed with the U.S. Securities and Exchange Commission on June 28, 2023) for the year ended March 31, 2023.
– 5 –
(1) Consolidated Balance Sheets
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Millions of yen |
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March 31,
2023 |
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June 30,
2023 |
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Increase/
(Decrease) |
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| ASSETS |
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| Cash and cash deposits: |
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| Cash and cash equivalents |
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3,820,685 |
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4,051,661 |
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230,976 |
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| Time deposits |
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409,082 |
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381,110 |
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(27,972 |
) |
| Deposits with stock exchanges and other segregated cash |
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291,480 |
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326,951 |
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35,471 |
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| Total cash and cash deposits |
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4,521,247 |
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4,759,722 |
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238,475 |
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| Loans and receivables: |
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| Loans receivable |
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4,013,852 |
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4,393,936 |
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380,084 |
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| Receivables from customers |
|
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379,911 |
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|
338,779 |
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(41,132 |
) |
| Receivables from other than customers |
|
|
819,263 |
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|
866,733 |
|
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|
47,470 |
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| Allowance for credit losses |
|
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(5,832 |
) |
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|
(5,948 |
) |
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(116 |
) |
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| Total loans and receivables |
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5,207,194 |
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5,593,500 |
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386,306 |
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| Collateralized agreements: |
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| Securities purchased under agreements to resell |
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13,834,460 |
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14,787,617 |
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953,157 |
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| Securities borrowed |
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4,283,039 |
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4,357,489 |
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74,450 |
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| Total collateralized agreements |
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18,117,499 |
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19,145,106 |
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1,027,607 |
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| Trading assets and private equity and debt investments: |
|
|
|
|
|
|
|
|
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| Trading assets* |
|
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17,509,934 |
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20,516,523 |
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|
3,006,589 |
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| Private equity and debt investments* |
|
|
99,399 |
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|
113,470 |
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|
14,071 |
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|
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|
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| Total trading assets and private equity and debt investments |
|
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17,609,333 |
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|
20,629,993 |
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|
3,020,660 |
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| Other assets: |
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|
|
| Office buildings, land, equipment and facilities
(net of accumulated depreciation and amortization of
¥459,954 million as of March 31, 2023 and
¥492,259 million as of June 30, 2023) |
|
|
464,316 |
|
|
|
460,045 |
|
|
|
(4,271 |
) |
| Non-trading debt securities* |
|
|
337,361 |
|
|
|
362,134 |
|
|
|
24,773 |
|
| Investments in equity securities* |
|
|
97,660 |
|
|
|
98,215 |
|
|
|
555 |
|
| Investments in and advances to affiliated companies* |
|
|
402,485 |
|
|
|
417,498 |
|
|
|
15,013 |
|
| Other |
|
|
1,014,707 |
|
|
|
1,027,028 |
|
|
|
12,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total other assets |
|
|
2,316,529 |
|
|
|
2,364,920 |
|
|
|
48,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
|
47,771,802 |
|
|
|
52,493,241 |
|
|
|
4,721,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| * |
Including securities pledged as collateral |
– 6 –
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Millions of yen |
|
| |
|
|
|
|
|
March 31,
2023 |
|
|
June 30,
2023 |
|
|
Increase/
(Decrease) |
|
| LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term borrowings |
|
|
1,008,541 |
|
|
|
827,318 |
|
|
|
(181,223 |
) |
| Payables and deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
| Payables to customers |
|
|
1,359,948 |
|
|
|
1,522,698 |
|
|
|
162,750 |
|
| Payables to other than customers |
|
|
1,799,585 |
|
|
|
2,444,351 |
|
|
|
644,766 |
|
| Deposits received at banks |
|
|
2,137,936 |
|
|
|
2,137,388 |
|
|
|
(548 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total payables and deposits |
|
|
5,297,469 |
|
|
|
6,104,437 |
|
|
|
806,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Collateralized financing: |
|
|
|
|
|
|
|
|
|
|
|
|
| Securities sold under agreements to repurchase |
|
|
14,217,966 |
|
|
|
16,405,548 |
|
|
|
2,187,582 |
|
| Securities loaned |
|
|
1,556,663 |
|
|
|
1,610,218 |
|
|
|
53,555 |
|
| Other secured borrowings |
|
|
334,319 |
|
|
|
345,929 |
|
|
|
11,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total collateralized financing |
|
|
16,108,948 |
|
|
|
18,361,695 |
|
|
|
2,252,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trading liabilities |
|
|
10,557,971 |
|
|
|
11,750,705 |
|
|
|
1,192,734 |
|
| Other liabilities |
|
|
1,175,521 |
|
|
|
1,130,375 |
|
|
|
(45,146 |
) |
| Long-term borrowings |
|
|
10,399,210 |
|
|
|
10,972,872 |
|
|
|
573,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total liabilities |
|
|
44,547,660 |
|
|
|
49,147,402 |
|
|
|
4,599,742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| NHI shareholders’ equity: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
Authorized |
|
- |
|
6,000,000,000 shares |
|
|
|
|
|
|
|
|
|
|
|
|
| Issued |
|
- |
|
3,233,562,601 shares as of March 31, 2023 and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,163,562,601 shares as of June 30, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding |
|
- |
|
3,003,679,324 shares as of March 31, 2023 and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,047,887,446 shares as of June 30, 2023 |
|
|
594,493 |
|
|
|
594,493 |
|
|
|
— |
|
| Additional paid-in capital |
|
|
707,189 |
|
|
|
680,736 |
|
|
|
(26,453 |
) |
| Retained earnings |
|
|
1,647,005 |
|
|
|
1,631,772 |
|
|
|
(15,233 |
) |
| Accumulated other comprehensive income (loss) |
|
|
318,454 |
|
|
|
418,102 |
|
|
|
99,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total NHI shareholders’ equity before treasury stock |
|
|
3,267,141 |
|
|
|
3,325,103 |
|
|
|
57,962 |
|
| Common stock held in treasury, at cost - |
|
|
|
|
|
|
|
|
|
|
|
|
|
229,883,277 shares as of March 31, 2023 and |
|
|
|
|
|
|
|
|
|
|
|
|
|
115,675,155 shares as of June 30, 2023 |
|
|
(118,574 |
) |
|
|
(59,667 |
) |
|
|
58,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total NHI shareholders’ equity |
|
|
3,148,567 |
|
|
|
3,265,436 |
|
|
|
116,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Noncontrolling interests |
|
|
75,575 |
|
|
|
80,403 |
|
|
|
4,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total equity |
|
|
3,224,142 |
|
|
|
3,345,839 |
|
|
|
121,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total liabilities and equity |
|
|
47,771,802 |
|
|
|
52,493,241 |
|
|
|
4,721,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– 7 –
(2) Consolidated Statements of Income
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Millions of yen |
|
|
% Change |
|
| |
For the three months ended |
|
|
(B-A)/(A) |
|
| |
June 30,
2022(A) |
|
|
June 30,
2023(B) |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| Commissions |
|
|
70,431 |
|
|
|
82,770 |
|
|
|
17.5 |
|
| Fees from investment banking |
|
|
27,285 |
|
|
|
31,146 |
|
|
|
14.2 |
|
| Asset management and portfolio service fees |
|
|
68,250 |
|
|
|
71,807 |
|
|
|
5.2 |
|
| Net gain on trading |
|
|
141,918 |
|
|
|
115,563 |
|
|
|
(18.6 |
) |
| Gain (loss) on private equity and debt investments |
|
|
(4,535 |
) |
|
|
6,887 |
|
|
|
— |
|
| Interest and dividends |
|
|
109,049 |
|
|
|
549,651 |
|
|
|
404.0 |
|
| Gain (loss) on investments in equity securities |
|
|
(1,742 |
) |
|
|
4,777 |
|
|
|
— |
|
| Other |
|
|
(688 |
) |
|
|
30,752 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenue |
|
|
409,968 |
|
|
|
893,353 |
|
|
|
117.9 |
|
| Interest expense |
|
|
110,940 |
|
|
|
544,440 |
|
|
|
390.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
|
299,028 |
|
|
|
348,913 |
|
|
|
16.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Compensation and benefits |
|
|
143,061 |
|
|
|
158,673 |
|
|
|
10.9 |
|
| Commissions and floor brokerage |
|
|
28,488 |
|
|
|
31,365 |
|
|
|
10.1 |
|
| Information processing and communications |
|
|
49,732 |
|
|
|
52,836 |
|
|
|
6.2 |
|
| Occupancy and related depreciation |
|
|
16,359 |
|
|
|
16,601 |
|
|
|
1.5 |
|
| Business development expenses |
|
|
4,699 |
|
|
|
6,144 |
|
|
|
30.8 |
|
| Other |
|
|
44,956 |
|
|
|
36,984 |
|
|
|
(17.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total non-interest expenses |
|
|
287,295 |
|
|
|
302,603 |
|
|
|
5.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income before income taxes |
|
|
11,733 |
|
|
|
46,310 |
|
|
|
294.7 |
|
| Income tax expense |
|
|
11,340 |
|
|
|
20,428 |
|
|
|
80.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
|
393 |
|
|
|
25,882 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Net income (loss) attributable to noncontrolling interests |
|
|
(1,303 |
) |
|
|
2,551 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to NHI shareholders |
|
|
1,696 |
|
|
|
23,331 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Per share of common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Yen |
|
|
% Change |
|
| Basic- |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to NHI shareholders per share |
|
|
0.56 |
|
|
|
7.71 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted- |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to NHI shareholders per share |
|
|
0.52 |
|
|
|
7.40 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– 8 –
(3) Consolidated Statements of Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Millions of yen |
|
|
% Change |
|
| |
For the three months ended |
|
|
(B-A)/(A) |
|
| |
June 30,
2022(A) |
|
|
June 30,
2023(B) |
|
| Net income |
|
|
393 |
|
|
|
25,882 |
|
|
|
— |
|
| Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
| Cumulative translation adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cumulative translation adjustments |
|
|
145,318 |
|
|
|
128,926 |
|
|
|
(11.3 |
) |
| Deferred income taxes |
|
|
(416 |
) |
|
|
(345 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
144,902 |
|
|
|
128,581 |
|
|
|
(11.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Defined benefit pension plans: |
|
|
|
|
|
|
|
|
|
|
|
|
| Pension liability adjustment |
|
|
926 |
|
|
|
532 |
|
|
|
(42.5 |
) |
| Deferred income taxes |
|
|
(140 |
) |
|
|
(125 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
786 |
|
|
|
407 |
|
|
|
(48.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Own Credit Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
| Own Credit Adjustments |
|
|
28,859 |
|
|
|
(37,693 |
) |
|
|
— |
|
| Deferred income taxes |
|
|
(5,433 |
) |
|
|
9,081 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
23,426 |
|
|
|
(28,612 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total other comprehensive income |
|
|
169,114 |
|
|
|
100,376 |
|
|
|
(40.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Comprehensive income |
|
|
169,507 |
|
|
|
126,258 |
|
|
|
(25.5 |
) |
| Less: Comprehensive income attributable to noncontrolling interests |
|
|
1,147 |
|
|
|
3,279 |
|
|
|
185.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Comprehensive income attributable to NHI shareholders |
|
|
168,360 |
|
|
|
122,979 |
|
|
|
(27.0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(4) Note with respect to the Assumption as a Going Concern
Not applicable.
– 9 –
(5) Segment Information – Operating Segment
The following table shows business segment information and reconciliation items to the consolidated statements of income.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Millions of yen |
|
|
% Change |
|
| |
For the three months ended |
|
|
(B-A)/(A) |
|
| |
June 30,
2022 (A) |
|
|
June 30,
2023 (B) |
|
| Net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business segment information: |
|
|
|
|
|
|
|
|
|
|
|
|
| Retail |
|
|
71,386 |
|
|
|
92,050 |
|
|
|
28.9 |
|
| Investment Management |
|
|
7,579 |
|
|
|
26,525 |
|
|
|
250.0 |
|
| Wholesale |
|
|
198,987 |
|
|
|
190,850 |
|
|
|
(4.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
277,952 |
|
|
|
309,425 |
|
|
|
11.3 |
|
| Other |
|
|
23,925 |
|
|
|
43,755 |
|
|
|
82.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
|
301,877 |
|
|
|
353,180 |
|
|
|
17.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation items: |
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized gain (loss) on investments in equity securities held for operating purposes |
|
|
(2,849 |
) |
|
|
(4,267 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
|
299,028 |
|
|
|
348,913 |
|
|
|
16.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business segment information: |
|
|
|
|
|
|
|
|
|
|
|
|
| Retail |
|
|
66,470 |
|
|
|
69,103 |
|
|
|
4.0 |
|
| Investment Management |
|
|
19,293 |
|
|
|
22,898 |
|
|
|
18.7 |
|
| Wholesale |
|
|
173,715 |
|
|
|
188,749 |
|
|
|
8.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
259,478 |
|
|
|
280,750 |
|
|
|
8.2 |
|
| Other |
|
|
27,817 |
|
|
|
21,853 |
|
|
|
(21.4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses |
|
|
287,295 |
|
|
|
302,603 |
|
|
|
5.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation items: |
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized gain (loss) on investments in equity securities held for operating purposes |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses |
|
|
287,295 |
|
|
|
302,603 |
|
|
|
5.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business segment information: |
|
|
|
|
|
|
|
|
|
|
|
|
| Retail |
|
|
4,916 |
|
|
|
22,947 |
|
|
|
366.8 |
|
| Investment Management |
|
|
(11,714 |
) |
|
|
3,627 |
|
|
|
— |
|
| Wholesale |
|
|
25,272 |
|
|
|
2,101 |
|
|
|
(91.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
18,474 |
|
|
|
28,675 |
|
|
|
55.2 |
|
| Other* |
|
|
(3,892 |
) |
|
|
21,902 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
|
14,582 |
|
|
|
50,577 |
|
|
|
246.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation items: |
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized gain (loss) on investments in equity securities held for operating purposes |
|
|
(2,849 |
) |
|
|
(4,267 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
|
11,733 |
|
|
|
46,310 |
|
|
|
294.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions between operating segments are recorded within segment results on commercial terms and conditions, and are eliminated in
“Other.”
The following table presents the major components of income (loss) before income taxes in “Other.”
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Millions of yen |
|
|
% Change |
|
| |
For the three months ended |
|
|
(B-A)/(A) |
|
| |
June 30,
2022 (A) |
|
|
June 30,
2023 (B) |
|
| Net gain (loss) related to economic hedging transactions |
|
|
(9,807 |
) |
|
|
3,394 |
|
|
|
— |
|
| Realized gain (loss) on investments in equity securities held for operating purposes |
|
|
240 |
|
|
|
8,191 |
|
|
|
— |
|
| Equity in earnings of affiliates |
|
|
16,993 |
|
|
|
13,718 |
|
|
|
(19.3 |
) |
| Corporate items |
|
|
(5,988 |
) |
|
|
1,942 |
|
|
|
— |
|
| Other |
|
|
(5,330 |
) |
|
|
(5,343 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
(3,892 |
) |
|
|
21,902 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– 10 –
(6) Significant Changes in Equity
Not applicable. For further details of the changes, please refer below.
|
|
|
|
|
| |
|
Millions of yen |
|
| |
For the three months ended
June 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 |
|
|
(26,450 |
) |
| Changes in an affiliated company’s interests |
|
|
(3 |
) |
|
|
|
|
|
| Balance at end of period |
|
|
680,736 |
|
|
|
|
|
|
| Retained earnings |
|
|
|
|
| Balance at beginning of year |
|
|
1,647,005 |
|
| Net income attributable to NHI shareholders |
|
|
23,331 |
|
| Loss on sales of treasury stock |
|
|
(2,459 |
) |
| Cancellation of treasury stock |
|
|
(36,105 |
) |
|
|
|
|
|
| Balance at end of period |
|
|
1,631,772 |
|
|
|
|
|
|
| Accumulated other comprehensive income (loss) |
|
|
|
|
| Cumulative translation adjustments |
|
|
|
|
| Balance at beginning of year |
|
|
242,767 |
|
| Net change during the period |
|
|
127,853 |
|
|
|
|
|
|
| Balance at end of period |
|
|
370,620 |
|
|
|
|
|
|
| Defined benefit pension plans |
|
|
|
|
| Balance at beginning of year |
|
|
(32,174 |
) |
| Pension liability adjustment |
|
|
407 |
|
|
|
|
|
|
| Balance at end of period |
|
|
(31,767 |
) |
|
|
|
|
|
| Own credit adjustments |
|
|
|
|
| Balance at beginning of year |
|
|
107,861 |
|
| Own credit adjustments |
|
|
(28,612 |
) |
|
|
|
|
|
| Balance at end of period |
|
|
79,249 |
|
|
|
|
|
|
| Balance at end of period |
|
|
418,102 |
|
|
|
|
|
|
| Common stock held in treasury |
|
|
|
|
| Balance at beginning of year |
|
|
(118,574 |
) |
| Repurchases of common stock |
|
|
(2 |
) |
| Sale of common stock |
|
|
0 |
|
| Common stock issued to employees |
|
|
22,804 |
|
| Cancellation of treasury stock |
|
|
36,105 |
|
|
|
|
|
|
| Balance at end of period |
|
|
(59,667 |
) |
|
|
|
|
|
| Total NHI shareholders’ equity |
|
|
|
|
|
|
|
|
|
| Balance at end of period |
|
|
3,265,436 |
|
|
|
|
|
|
| Noncontrolling interests |
|
|
|
|
| Balance at beginning of year |
|
|
75,575 |
|
| Net change during the period |
|
|
4,828 |
|
|
|
|
|
|
| Balance at end of period |
|
|
80,403 |
|
|
|
|
|
|
| Total equity |
|
|
|
|
|
|
|
|
|
| Balance at end of period |
|
|
3,345,839 |
|
|
|
|
|
|
– 11 –
3. Supplementary Information
(1) Consolidated Statements of Income – Quarterly Comparatives
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Millions of yen |
|
|
% Change |
|
|
Millions of yen |
|
| |
|
For the three months ended |
|
|
|
|
|
For the year
ended
March 31,
2023 |
|
| |
|
June 30,
2022 |
|
|
September 30,
2022 |
|
|
December 31,
2022 |
|
|
March 31,
2023(A) |
|
|
June 30,
2023(B) |
|
|
(B-A)/(A) |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commissions |
|
|
70,431 |
|
|
|
68,152 |
|
|
|
77,502 |
|
|
|
63,772 |
|
|
|
82,770 |
|
|
|
29.8 |
|
|
|
279,857 |
|
| Fees from investment banking |
|
|
27,285 |
|
|
|
24,189 |
|
|
|
33,783 |
|
|
|
27,951 |
|
|
|
31,146 |
|
|
|
11.4 |
|
|
|
113,208 |
|
| Asset management and portfolio service fees |
|
|
68,250 |
|
|
|
69,038 |
|
|
|
67,035 |
|
|
|
67,361 |
|
|
|
71,807 |
|
|
|
6.6 |
|
|
|
271,684 |
|
| Net gain on trading |
|
|
141,918 |
|
|
|
160,905 |
|
|
|
142,132 |
|
|
|
118,314 |
|
|
|
115,563 |
|
|
|
(2.3 |
) |
|
|
563,269 |
|
| Gain (loss) on private equity and debt investments |
|
|
(4,535 |
) |
|
|
5,738 |
|
|
|
8,050 |
|
|
|
5,251 |
|
|
|
6,887 |
|
|
|
31.2 |
|
|
|
14,504 |
|
| Interest and dividends |
|
|
109,049 |
|
|
|
196,893 |
|
|
|
373,283 |
|
|
|
435,465 |
|
|
|
549,651 |
|
|
|
26.2 |
|
|
|
1,114,690 |
|
| Gain (loss) on investments in equity securities |
|
|
(1,742 |
) |
|
|
(1,523 |
) |
|
|
644 |
|
|
|
1,195 |
|
|
|
4,777 |
|
|
|
299.7 |
|
|
|
(1,426 |
) |
| Other |
|
|
(688 |
) |
|
|
10,460 |
|
|
|
69,812 |
|
|
|
51,356 |
|
|
|
30,752 |
|
|
|
(40.1 |
) |
|
|
130,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenue |
|
|
409,968 |
|
|
|
533,852 |
|
|
|
772,241 |
|
|
|
770,665 |
|
|
|
893,353 |
|
|
|
15.9 |
|
|
|
2,486,726 |
|
| Interest expense |
|
|
110,940 |
|
|
|
215,894 |
|
|
|
378,583 |
|
|
|
445,732 |
|
|
|
544,440 |
|
|
|
22.1 |
|
|
|
1,151,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
|
299,028 |
|
|
|
317,958 |
|
|
|
393,658 |
|
|
|
324,933 |
|
|
|
348,913 |
|
|
|
7.4 |
|
|
|
1,335,577 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Compensation and benefits |
|
|
143,061 |
|
|
|
150,894 |
|
|
|
156,275 |
|
|
|
155,557 |
|
|
|
158,673 |
|
|
|
2.0 |
|
|
|
605,787 |
|
| Commissions and floor brokerage |
|
|
28,488 |
|
|
|
28,183 |
|
|
|
32,275 |
|
|
|
30,291 |
|
|
|
31,365 |
|
|
|
3.5 |
|
|
|
119,237 |
|
| Information processing and communications |
|
|
49,732 |
|
|
|
52,127 |
|
|
|
54,004 |
|
|
|
53,674 |
|
|
|
52,836 |
|
|
|
(1.6 |
) |
|
|
209,537 |
|
| Occupancy and related depreciation |
|
|
16,359 |
|
|
|
16,643 |
|
|
|
17,180 |
|
|
|
16,675 |
|
|
|
16,601 |
|
|
|
(0.4 |
) |
|
|
66,857 |
|
| Business development expenses |
|
|
4,699 |
|
|
|
5,353 |
|
|
|
6,311 |
|
|
|
6,273 |
|
|
|
6,144 |
|
|
|
(2.1 |
) |
|
|
22,636 |
|
| Other |
|
|
44,956 |
|
|
|
33,274 |
|
|
|
44,047 |
|
|
|
39,772 |
|
|
|
36,984 |
|
|
|
(7.0 |
) |
|
|
162,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total non-interest expenses |
|
|
287,295 |
|
|
|
286,474 |
|
|
|
310,092 |
|
|
|
302,242 |
|
|
|
302,603 |
|
|
|
0.1 |
|
|
|
1,186,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income before income taxes |
|
|
11,733 |
|
|
|
31,484 |
|
|
|
83,566 |
|
|
|
22,691 |
|
|
|
46,310 |
|
|
|
104.1 |
|
|
|
149,474 |
|
| Income tax expense |
|
|
11,340 |
|
|
|
14,741 |
|
|
|
17,629 |
|
|
|
14,088 |
|
|
|
20,428 |
|
|
|
45.0 |
|
|
|
57,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
|
393 |
|
|
|
16,743 |
|
|
|
65,937 |
|
|
|
8,603 |
|
|
|
25,882 |
|
|
|
200.8 |
|
|
|
91,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Net income (loss) attributable to noncontrolling
interests |
|
|
(1,303 |
) |
|
|
(28 |
) |
|
|
(1,007 |
) |
|
|
1,228 |
|
|
|
2,551 |
|
|
|
107.7 |
|
|
|
(1,110 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to NHI shareholders |
|
|
1,696 |
|
|
|
16,771 |
|
|
|
66,944 |
|
|
|
7,375 |
|
|
|
23,331 |
|
|
|
216.4 |
|
|
|
92,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Yen |
|
|
% Change |
|
|
Yen |
|
| Per share of common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to NHI shareholders per share |
|
|
0.56 |
|
|
|
5.59 |
|
|
|
22.30 |
|
|
|
2.46 |
|
|
|
7.71 |
|
|
|
213.4 |
|
|
|
30.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income attributable to NHI shareholders per share |
|
|
0.52 |
|
|
|
5.41 |
|
|
|
21.51 |
|
|
|
2.34 |
|
|
|
7.40 |
|
|
|
216.2 |
|
|
|
29.74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– 12 –
(2) Business Segment Information – Quarterly Comparatives
The following table shows quarterly business segment information and reconciliation items to the consolidated statements of income.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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(A) |
|
|
June 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 |
|
|
|
22.2 |
|
|
|
300,191 |
|
| Investment Management |
|
|
7,579 |
|
|
|
26,171 |
|
|
|
56,965 |
|
|
|
37,844 |
|
|
|
26,525 |
|
|
|
(29.9 |
) |
|
|
128,559 |
|
| Wholesale |
|
|
198,987 |
|
|
|
205,499 |
|
|
|
189,057 |
|
|
|
178,837 |
|
|
|
190,850 |
|
|
|
6.7 |
|
|
|
772,380 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
277,952 |
|
|
|
304,150 |
|
|
|
327,041 |
|
|
|
291,987 |
|
|
|
309,425 |
|
|
|
6.0 |
|
|
|
1,201,130 |
|
| Other |
|
|
23,925 |
|
|
|
15,623 |
|
|
|
87,310 |
|
|
|
37,860 |
|
|
|
43,755 |
|
|
|
15.6 |
|
|
|
164,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
|
301,877 |
|
|
|
319,773 |
|
|
|
414,351 |
|
|
|
329,847 |
|
|
|
353,180 |
|
|
|
7.1 |
|
|
|
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 |
) |
|
|
— |
|
|
|
(30,271 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
|
299,028 |
|
|
|
317,958 |
|
|
|
393,658 |
|
|
|
324,933 |
|
|
|
348,913 |
|
|
|
7.4 |
|
|
|
1,335,577 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business segment information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail |
|
|
66,470 |
|
|
|
66,995 |
|
|
|
67,756 |
|
|
|
65,474 |
|
|
|
69,103 |
|
|
|
5.5 |
|
|
|
266,695 |
|
| Investment Management |
|
|
19,293 |
|
|
|
20,618 |
|
|
|
23,663 |
|
|
|
21,490 |
|
|
|
22,898 |
|
|
|
6.6 |
|
|
|
85,064 |
|
| Wholesale |
|
|
173,715 |
|
|
|
185,310 |
|
|
|
190,911 |
|
|
|
193,075 |
|
|
|
188,749 |
|
|
|
(2.2 |
) |
|
|
743,011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
259,478 |
|
|
|
272,923 |
|
|
|
282,330 |
|
|
|
280,039 |
|
|
|
280,750 |
|
|
|
0.3 |
|
|
|
1,094,770 |
|
| Other |
|
|
27,817 |
|
|
|
13,551 |
|
|
|
27,762 |
|
|
|
22,203 |
|
|
|
21,853 |
|
|
|
(1.6 |
) |
|
|
91,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest expenses |
|
|
287,295 |
|
|
|
286,474 |
|
|
|
310,092 |
|
|
|
302,242 |
|
|
|
302,603 |
|
|
|
0.1 |
|
|
|
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 |
|
|
|
0.1 |
|
|
|
1,186,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business segment information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail |
|
|
4,916 |
|
|
|
5,485 |
|
|
|
13,263 |
|
|
|
9,832 |
|
|
|
22,947 |
|
|
|
133.4 |
|
|
|
33,496 |
|
| Investment Management |
|
|
(11,714 |
) |
|
|
5,553 |
|
|
|
33,302 |
|
|
|
16,354 |
|
|
|
3,627 |
|
|
|
(77.8 |
) |
|
|
43,495 |
|
| Wholesale |
|
|
25,272 |
|
|
|
20,189 |
|
|
|
(1,854 |
) |
|
|
(14,238 |
) |
|
|
2,101 |
|
|
|
— |
|
|
|
29,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
18,474 |
|
|
|
31,227 |
|
|
|
44,711 |
|
|
|
11,948 |
|
|
|
28,675 |
|
|
|
140.0 |
|
|
|
106,360 |
|
| Other* |
|
|
(3,892 |
) |
|
|
2,072 |
|
|
|
59,548 |
|
|
|
15,657 |
|
|
|
21,902 |
|
|
|
39.9 |
|
|
|
73,385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
|
14,582 |
|
|
|
33,299 |
|
|
|
104,259 |
|
|
|
27,605 |
|
|
|
50,577 |
|
|
|
83.2 |
|
|
|
179,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized gain (loss) on investments in equity
securities held for operating purposes |
|
|
(2,849 |
) |
|
|
(1,815 |
) |
|
|
(20,693 |
) |
|
|
(4,914 |
) |
|
|
(4,267 |
) |
|
|
— |
|
|
|
(30,271 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
|
11,733 |
|
|
|
31,484 |
|
|
|
83,566 |
|
|
|
22,691 |
|
|
|
46,310 |
|
|
|
104.1 |
|
|
|
149,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions between operating segments are recorded within segment results on commercial terms and conditions, and are eliminated in
“Other.”
The following table presents the major components of income (loss) before income taxes in “Other.”
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Millions of yen |
|
|
% Change |
|
|
Millions of yen |
|
| |
|
For the three months ended |
|
|
|
|
|
For the year
ended
March 31,
2023 |
|
| |
|
June 30,
2022 |
|
|
September 30,
2022 |
|
|
December 31,
2022 |
|
|
March 31,
2023(A) |
|
|
June 30,
2023(B) |
|
|
(B-A)/(A) |
|
| Net gain (loss) related to economic hedging transactions |
|
|
(9,807 |
) |
|
|
98 |
|
|
|
(1,455 |
) |
|
|
6,318 |
|
|
|
3,394 |
|
|
|
(46.3 |
) |
|
|
(4,846 |
) |
| Realized gain (loss) on investments in equity securities
held for operating purposes |
|
|
240 |
|
|
|
55 |
|
|
|
21,895 |
|
|
|
6,195 |
|
|
|
8,191 |
|
|
|
32.2 |
|
|
|
28,385 |
|
| Equity in earnings of affiliates |
|
|
16,993 |
|
|
|
9,114 |
|
|
|
8,893 |
|
|
|
12,744 |
|
|
|
13,718 |
|
|
|
7.6 |
|
|
|
47,744 |
|
| Corporate items |
|
|
(5,988 |
) |
|
|
4,513 |
|
|
|
(3,323 |
) |
|
|
(7,792 |
) |
|
|
1,942 |
|
|
|
— |
|
|
|
(12,590 |
) |
| Other |
|
|
(5,330 |
) |
|
|
(11,708 |
) |
|
|
33,538 |
|
|
|
(1,808 |
) |
|
|
(5,343 |
) |
|
|
— |
|
|
|
14,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
(3,892 |
) |
|
|
2,072 |
|
|
|
59,548 |
|
|
|
15,657 |
|
|
|
21,902 |
|
|
|
39.9 |
|
|
|
73,385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– 13 –
Quarterly financial information for Nomura Securities Co., Ltd. can be found at the following URL.
https://www.nomuraholdings.com/company/group/nsc/pdf/2024_1q.pdf
– 14 –
Nomura (NYSE:NMR)
Historical Stock Chart
From Apr 2024 to May 2024
Nomura (NYSE:NMR)
Historical Stock Chart
From May 2023 to May 2024
