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Segment and geographic information (Tables)

6 Months Ended

Sep. 30, 2013

Business segments’ results are shown in the following tables. Net interest revenue is disclosed because management views interest revenue net of interest expense for its operating decisions. Business segments’ information on total assets is not disclosed because management does not utilize such information for its operating decisions and therefore, it is not reported to management.


	Millions of yen
	Retail		Asset Management		Wholesale			Other (Incl. elimination)			Total
Six months ended September 30, 2012
Non-interest revenue	¥	161,906	¥	30,677	¥	190,228		¥	315,673		¥	698,484
Net interest revenue		1,591		1,180		68,749			(5,103	)		66,417

Net revenue		163,497		31,857		258,977			310,570			764,901
Non-interest expenses		140,347		21,927		267,335			286,241			715,850

Income (loss) before income taxes	¥	23,150	¥	9,930	¥	(8,358	)	¥	24,329		¥	49,051


Six months ended September 30, 2013
Non-interest revenue	¥	283,200	¥	37,238	¥	313,739		¥	73,856		¥	708,033
Net interest revenue		2,872		1,562		64,219			(1,175	)		67,478

Net revenue		286,072		38,800		377,958			72,681			775,511
Non-interest expenses		165,011		25,937		327,435			83,176			601,559

Income (loss) before income taxes	¥	121,061	¥	12,863	¥	50,523		¥	(10,495	)	¥	173,952


	Millions of yen
	Retail		Asset Management			Wholesale		Other (Incl. elimination)			Total
Three months ended September 30, 2012
Non-interest revenue	¥	80,192	¥	15,446		¥	103,974	¥	156,423		¥	356,035
Net interest revenue		594		(7	)		33,120		(420	)		33,287

Net revenue		80,786		15,439			137,094		156,003			389,322
Non-interest expenses		69,824		10,879			136,901		148,658			366,262

Income (loss) before income taxes	¥	10,962	¥	4,560		¥	193	¥	7,345		¥	23,060


Three months ended September 30, 2013
Non-interest revenue	¥	118,322	¥	18,485		¥	162,104	¥	26,341		¥	325,252
Net interest revenue		1,408		141			21,245		3,308			26,102

Net revenue		119,730		18,626			183,349		29,649			351,354
Non-interest expenses		79,774		12,454			158,063		33,166			283,457

Income (loss) before income taxes	¥	39,956	¥	6,172		¥	25,286	¥	(3,517	)	¥	67,897

Transactions between operating segments are recorded within segment results on commercial terms and conditions and are eliminated in the “Other” column.

Major components of income (loss) before income taxes in "Other"

The following tables present the major components of income (loss) before income taxes in “Other.”


	Millions of yen
	Six months ended September 30
	2012			2013
Net gain (loss) related to economic hedging transactions	¥	(267	)	¥	5,706
Realized gain (loss) on investments in equity securities held for operating purposes		(123	)		688
Equity in earnings of affiliates		4,619			14,227
Corporate items		(420	)		(21,045	)
Other⁽¹⁾		20,520			(10,071	)

Total	¥	24,329		¥	(10,495	)


	Millions of yen
	Three months ended September 30
	2012			2013
Net gain (loss) related to economic hedging transactions	¥	964		¥	(1,667	)
Realized gain (loss) on investments in equity securities held for operating purposes		613			0
Equity in earnings of affiliates		3,346			8,884
Corporate items		(7,044	)		(8,701	)
Other⁽¹⁾		9,466			(2,033	)

Total	¥	7,345		¥	(3,517	)

(1)	Includes the impact of Nomura’s own creditworthiness.

Reconciliation of combined business segments results included in the preceding table to reported net revenue, non-interest expenses and income (loss) before income taxes

The tables below present reconciliations of the combined business segments’ results included in the preceding table to Nomura’s reported Net revenue, Non-interest expenses and Income before income taxes in the consolidated statements of income.


	Millions of yen
	Six months ended September 30
	2012		2013
Net revenue	¥	764,901	¥	775,511
Unrealized gain on investments in equity securities held for operating purposes		6,032		12,201

Consolidated net revenue	¥	770,933	¥	787,712

Non-interest expenses	¥	715,850	¥	601,559
Unrealized gain on investments in equity securities held for operating purposes		—		—

Consolidated non-interest expenses	¥	715,850	¥	601,559

Income before income taxes	¥	49,051	¥	173,952
Unrealized gain on investments in equity securities held for operating purposes		6,032		12,201

Consolidated income before income taxes	¥	55,083	¥	186,153


	Millions of yen
	Three months ended September 30
	2012		2013
Net revenue	¥	389,322	¥	351,354
Unrealized gain on investments in equity securities held for operating purposes		12,357		5,037

Consolidated net revenue	¥	401,679	¥	356,391

Non-interest expenses	¥	366,262	¥	283,457
Unrealized gain on investments in equity securities held for operating purposes		—		—

Consolidated non-interest expenses	¥	366,262	¥	283,457

Income before income taxes	¥	23,060	¥	67,897
Unrealized gain on investments in equity securities held for operating purposes		12,357		5,037

Consolidated income before income taxes	¥	35,417	¥	72,934

Geographic allocation of net revenue and income (loss) before income taxes from operations by geographic areas, and long-lived assets

The table below presents a geographic allocation of net revenue and income (loss) before income taxes from operations by geographic areas, and long-lived assets associated with Nomura’s operations. Net revenue in “Americas” and “Europe” substantially represents Nomura’s operations in the United States and the United Kingdom, respectively. Net revenue and long-lived assets have been allocated based on transactions with external customers while income (loss) before income taxes have been allocated based on the inclusion of intersegment transactions.


	Millions of yen
	Six months ended September 30
	2012			2013
Net revenue⁽¹⁾:
Americas	¥	101,310		¥	109,859
Europe		79,287			127,253
Asia and Oceania		16,382			31,610

Subtotal		196,979			268,722
Japan		573,954			518,990

Consolidated	¥	770,933		¥	787,712

Income (loss) before income taxes:
Americas	¥	21,857		¥	(9,824	)
Europe		(56,690	)		(24,049	)
Asia and Oceania		(6,826	)		1,490

Subtotal		(41,659	)		(32,383	)
Japan		96,742			218,536

Consolidated	¥	55,083		¥	186,153


	Millions of yen
	Three months ended September 30
	2012			2013
Net revenue⁽¹⁾:
Americas	¥	59,878		¥	54,626
Europe		26,988			51,811
Asia and Oceania		8,695			14,765

Subtotal		95,561			121,202
Japan		306,118			235,189

Consolidated	¥	401,679		¥	356,391

Income (loss) before income taxes:
Americas	¥	15,604		¥	(1,328	)
Europe		(40,255	)		(19,601	)
Asia and Oceania		(4,951	)		2,270

Subtotal		(29,602	)		(18,659	)
Japan		65,019			91,593

Consolidated	¥	35,417		¥	72,934

(1)	There is no revenue derived from transactions with a single major external customer.


	Millions of yen
	March 31, 2013		September 30, 2013
Long-lived assets:
Americas	¥	118,302	¥	129,773
Europe		111,381		113,877
Asia and Oceania		20,471		17,152

Subtotal		250,154		260,802
Japan		294,002		275,112

Consolidated	¥	544,156	¥	535,914

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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