XML 194 R146.htm IDEA: XBRL DOCUMENT v3.20.2
Income taxes - Reconciliation of the effective income tax rate (Detail)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Income Tax [Abstract]      
Effective statutory tax rate 31.00% 31.00% 31.00%
Changes in deferred tax valuation allowances (0.30%) (58.30%) (22.80%)
Additional taxable revenues 0.60% (2.90%) 0.10%
Non-deductible expenses [1] 2.90% (110.30%) 1.90%
Non-taxable revenue [2] (23.50%) 16.80% (3.60%)
Dividends from foreign subsidiaries 0.10% 0.00% 0.00%
Tax effect of undistributed earnings of foreign subsidiaries 0.20% (2.80%) 0.00%
Different tax rate applicable to income (loss) of foreign subsidiaries (0.90%) (19.80%) 0.80%
Effect of changes in foreign tax laws (0.90%) 0.50% 23.50%
Effect of changes in domestic tax laws 0.00%
Tax benefit recognized on the devaluation of investment in subsidiaries and affiliates (0.10%) 5.40% 1.70%
Other 2.50% (10.80%) (0.90%)
Effective tax rate 11.60% (151.20%) 31.70%
[1] Non-deductible expenses during the year ended March 31, 2019 included approximately ¥21 billion relating to goodwill impairment losses (which increased Nomura’s effective tax rate by 56.3%) and approximately ¥13 billion relating to litigation provisions and settlements (which increased Nomura’s effective tax rate by 34.0%).
[2] Non-taxable income during the year ended March 31, 2020 includes approximately ¥53 billion of the tax effect from non-taxable dividend income from affiliated Nomura companies, including deemed dividend, (which decreased Nomura’s effective tax rate by 21.2%).