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Deferred compensation plans (Tables)
12 Months Ended
Mar. 31, 2015
Deferred compensation plans  
SAR Plan A, Weighted-average assumptions

 

     Year ended March 31  
     2013     2014     2015  

Expected volatility

     43.11     45.97     45.26

Expected dividends yield

     2.12     1.00     2.39

Expected lives (in years)

     7        7        7   

Risk-free interest rate

     0.45     0.51     0.43
Activity relating to SAR Plan A

     Outstanding
(number of Nomura
shares)
    Weighted-average
exercise price
     Weighted-average
remaining life
until expiry
(years)
 

Outstanding as of March 31, 2014

     15,959,500      ¥ 791         3.8   

Granted

     2,728,500        747      

Exercised

     (1,073,200     328      

Forfeited

     (59,400     883      

Expired

     (1,906,000     1,874      
  

 

 

   

 

 

    

Outstanding as of March 31, 2015

     15,649,400      ¥ 683         3.8   
  

 

 

   

 

 

    

Exercisable as of March 31, 2015

     10,223,600      ¥ 624         2.5   
  

 

 

   

 

 

    

 

Activity relating to SAR Plan B

 

     Outstanding
(number of Nomura
shares)
    Weighted-Average
grant date fair
value per share
     Weighted-average
remaining life
until expiry
(years)
 

Outstanding as of March 31, 2014

     92,621,100      ¥ 474         5.3   

Granted(1) 

     44,339,900        483      

Exercised

     (35,387,800     471      

Forfeited

     (1,176,500     498      

Expired

     (7,700     2,358      
  

 

 

   

 

 

    

Outstanding as of March 31, 2015

     100,389,000      ¥ 478         5.4   
  

 

 

   

 

 

    

Exercisable as of March 31, 2015

     22,668,800      ¥ 453         3.5   
  

 

 

   

 

 

    

 

(1) SAR Plan B awards granted during the year ended March 31, 2015 include awards granted through MYPD awards. These awards relate to a total of 18,315,000 outstanding Nomura shares with a weighted average grant date fair value of ¥298 per share.
Activity related to NSUs and CSUs

 

     NSUs     CSUs  
     Outstanding
(number of units)
    Stock
price
    Outstanding
(number of units)
    Stock
price
 

Outstanding as of March 31, 2014

     51,695,211      ¥ 652        50,697,928      ¥ 429   

Granted(1)

     29,845,622        623 (2)      23,863,468        674 (2) 

Vested

     (31,829,763     632 (3)      (31,863,838     495 (3) 

Forfeited

     (1,591,537       (1,516,480  
  

 

 

   

 

 

   

 

 

   

 

 

 

Outstanding as of March 31, 2015

     48,119,533      ¥ 693 (4)      41,181,078      ¥ 524 (4) 
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) NSUs granted during the year ended March 31, 2015 include awards granted through MYPD awards. A total of 5,389,800 NSU units were granted with a weighted-average grant date fair value of ¥615 per share.
(2) Weighted-average price of the Company’s common stock used to determine number of awards granted.
(3) Weighted-average price of the Company’s common stock used to determine the final cash settlement amount of the awards.
(4) The price of the Company’s common stock used to remeasure the fair value of the remaining outstanding unvested awards as of March 31, 2015.
Activity related to MYPD awards

     Outstanding
(number of shares)
    Weighted Average
grant date fair
value per share
 

Outstanding as of March 31, 2014(1)

     25,766,250      ¥ 298   
  

 

 

   

 

 

 

Forfeited

     (2,061,450  
  

 

 

   

 

 

 

Converted to SAR Plan B awards and NSUs(2)

     (23,704,800     298   
  

 

 

   

 

 

 

Outstanding as of March 31, 2015

     —        ¥ —     
  

 

 

   

 

 

 

 

(1) Based on the probable number of SAR Plan B awards and NSUs which were expected to be issued on conversion of notional performance units at the end of the performance period.
(2) Represents the actual number of SAR Plan B awards and NSUs which were granted on conversion of notional performance units during the year.

Activity relating to NIUs

     Outstanding
(number of units)
    Index  price(1)  

Outstanding as of March 31, 2014

     37,102,579      $ 4,354   

Granted

     23,536,020        4,501 (2) 

Vested

     (25,680,065     4,601 (3) 

Forfeited

     (1,511,292  
  

 

 

   

 

 

 

Outstanding as of March 31, 2015

     33,447,242      $ 4,650 (4) 
  

 

 

   

 

 

 

 

(1) The price of each unit is determined using 1/1000th of the index price.
(2) Weighted-average index price used to determine number of awards granted.
(3) Weighted-average index price used to determine the final cash settlement amount of the awards.
(4) Index price used to remeasure the total fair value of the remaining outstanding unvested awards as of March 31, 2015.