Financing receivables (Tables)

6 Months Ended

Sep. 30, 2021

Financing Receivables [Abstract]

Summary of loans receivable reported within loans receivable or investments in and advances to affiliated companies

	Millions of yen
	March 31, 2021
	Carried at amortized cost		Carried at fair value(1)		Total
Loans receivable
Loans at banks	¥	605,200	¥	—	¥	605,200
Short-term secured margin loans		436,221		—		436,221
Inter-bank money market loans		1,289		—		1,289
Corporate loans		1,082,239		818,523		1,900,762
Total loans receivable	¥	2,124,949	¥	818,523	¥	2,943,472
Advances to affiliated companies		1,000		—		1,000
Total	¥	2,125,949	¥	818,523	¥	2,944,472
	Millions of yen
	September 30, 2021
	Carried at amortized cost		Carried at fair value(1)		Total
Loans receivable
Loans at banks	¥	646,698	¥	—	¥	646,698
Short-term secured margin loans		440,239		—		440,239
Inter-bank money market loans		1,476		—		1,476
Corporate loans		1,137,996		916,938		2,054,934
Total loans receivable	¥	2,226,409	¥	916,938	¥	3,143,347
Advances to affiliated companies		1,000		—		1,000
Total	¥	2,227,409	¥	916,938	¥	3,144,347

(1) Includes loans receivable and loan commitments carried at fair value through election of the fair value option.

Changes in allowance for doubtful accounts

	Millions of yen
	Six months ended September 30, 2020
	Allowance for current expected credit losses												Allowance for receivables other than loans(2)			Total allowance for current expected credit losses
	Loans at banks			Short-term secured margin loans			Corporate loans			Subtotal
Opening balance prior to CECL adoption	¥	1,564		¥	352		¥	7,944		¥	9,860		¥	3,152		¥	13,012
Impact of CECL adoption(1)		232			—			1,738			1,970			2			1,972
Opening balance after CECL adoption		1,796			352			9,682			11,830			3,154			14,984
Provision for credit losses		(232	)		—			(2,244	)		(2,476	)		1,075			(1,401	)
Charge-offs		(318	)		(359	)		0			(677	)		(1,315	)		(1,992	)
Other(4)		—			7			(225	)		(218	)		(17	)		(235	)
Ending balance	¥	1,246		¥	—		¥	7,213		¥	8,459		¥	2,897		¥	11,356
	Millions of yen
	Six months ended September 30, 2021
	Allowance for current expected credit losses												Allowance for receivables other than loans(2)			Total allowance for current expected credit losses
	Loans at banks			Short-term secured margin loans			Corporate loans			Subtotal
Opening balance	¥	1,282		¥	—		¥	47,985		¥	49,267		¥	4,517		¥	53,784
Provision for credit losses(3)		—			—			8,924			8,924			78			9,002
Charge-offs		—			—			(17	)		(17	)		(62	)		(79	)
Other(4)		161			—			718			879			(1,875	)		(996	)
Ending balance	¥	1,443		¥	—		¥	57,610		¥	59,053		¥	2,658		¥	61,711
	Millions of yen
	Three months ended September 30, 2020
	Allowance for current expected credit losses												Allowance for receivables other than loans(2)			Total allowance for current expected credit losses
	Loans at banks			Short-term secured margin loans			Corporate loans			Subtotal
Opening balance	¥	1,454		¥	292		¥	7,727		¥	9,473		¥	2,881		¥	12,354
Provision for credit losses		110			76			(392	)		(206	)		31			(175	)
Charge-offs		(318	)		(359	)		0			(677	)		7			(670	)
Other(4)		—			(9	)		(122	)		(131	)		(22	)		(153	)
Ending balance	¥	1,246		¥	—		¥	7,213		¥	8,459		¥	2,897		¥	11,356

(1) The balance recognized on April 1, 2020 on adoption of ASC 326.

(2) Includes collateralized agreements, customer contract assets and receivables and other receivables.

(3) As of September 30, 2021, following the default of a client arising from the U.S. Prime Brokerage Event, an additional allowance for current expected credit losses of ¥9,289 million was taken on the loans with the client.

(4) Includes recoveries collected and the effect of foreign exchange movements.

Analysis of each class of loans not carried at fair value using internal ratings or equivalent credit quality indicators

The following tables present an analysis of each class of loans not carried at fair value using Nomura’s internal ratings or equivalent credit quality indicators applied by subsidiaries by years of origination as of March 31 and September 30, 2021.

	Millions of yen
	March 31, 2021
	2021		2020		2019		2018		2017		2016 or earlier		Revolving		Total
Secured loans at banks:
AAA-BBB	¥	54,179	¥	115,003	¥	17,106	¥	12,450	¥	4,240	¥	17,634	¥	—	¥	220,612
BB-CCC		75,680		115,131		3,864		2,324		—		5,484		—		202,483
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		61,185		—		—		—		—		—		61,185
Total secured loans at banks	¥	129,859	¥	291,319	¥	20,970	¥	14,774	¥	4,240	¥	23,118	¥	—	¥	484,280
Unsecured loans at banks:
AAA-BBB	¥	9,101	¥	22,955	¥	27,863	¥	17,563	¥	8,484	¥	34,719	¥	—	¥	120,685
BB-CCC		—		—		235		—		—		—		—		235
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		—		—		—		—		—		—		—
Total unsecured loans at banks	¥	9,101	¥	22,955	¥	28,098	¥	17,563	¥	8,484	¥	34,719	¥	—	¥	120,920
Short-term secured margin loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		170,514		141		—		—		—		—		265,566		436,221
Total short-term secured margin loans	¥	170,514	¥	141	¥	—	¥	—	¥	—	¥	—	¥	265,566	¥	436,221
Unsecured inter-bank money market loans:
AAA-BBB	¥	1,289	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,289
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		—		—		—		—		—		—		—
Total unsecured inter-bank money market loans	¥	1,289	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,289
Secured corporate loans:
AAA-BBB	¥	33,965	¥	261,182	¥	45,880	¥	9,817	¥	6,406	¥	27,672	¥	97	¥	385,019
BB-CCC		20,093		102,941		34,435		29,869		13,067		17,573		173,178		391,156
CC-D(2)		197,859		—		—		—		—		—		—		197,859
Others(1)		—		39		40		11		30		4,697		428		5,245
Total secured corporate loans	¥	251,917	¥	364,162	¥	80,355	¥	39,697	¥	19,503	¥	49,942	¥	173,703	¥	979,279
Unsecured corporate loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		84		—		450		—		—		—		—		534
CC-D		—		—		—		—		—		—		—		—
Others(1)		1		191		8		97,212		—		5,014		—		102,426
Total unsecured corporate loans	¥	85	¥	191	¥	458	¥	97,212	¥	—	¥	5,014	¥	—	¥	102,960
Advances to affiliated companies
AAA-BBB	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,000
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		—		—		—		—		—		—		—
Total advances to affiliated companies	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,000
Total	¥	563,765	¥	678,768	¥	129,881	¥	169,246	¥	32,227	¥	112,793	¥	439,269	¥	2,125,949

(1) Relate to collateralized exposures where a specified ratio of LTV is maintained.

(2) Includes loans of ¥197,859 million in relation to the U.S. Prime Brokerage Event.

	Millions of yen
	September 30, 2021
	2021		2020		2019		2018		2017		2016 or earlier		Revolving		Total
Secured loans at banks:
AAA-BBB	¥	151,255	¥	58,432	¥	17,059	¥	9,465	¥	4,070	¥	15,612	¥	—	¥	255,893
BB-CCC		177,829		29,544		3,136		2,236		—		4,370		—		217,115
CC-D		—		—		—		—		—		—		—		—
Others(1)		71,377		—		—		—		—		—		—		71,377
Total secured loans at banks	¥	400,461	¥	87,976	¥	20,195	¥	11,701	¥	4,070	¥	19,982	¥	—	¥	544,385
Unsecured loans at banks:
AAA-BBB	¥	15,136	¥	18,681	¥	22,350	¥	14,798	¥	4,903	¥	26,445	¥	—	¥	102,313
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		0		—		0
Others(1)		—		—		—		—		—		—		—		—
Total unsecured loans at banks	¥	15,136	¥	18,681	¥	22,350	¥	14,798	¥	4,903	¥	26,445	¥	—	¥	102,313
Short-term secured margin loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		164,405		—		—		—		—		—		275,834		440,239
Total short-term secured margin loans	¥	164,405	¥	—	¥	—	¥	—	¥	—	¥	—	¥	275,834	¥	440,239
Unsecured inter-bank money market loans:
AAA-BBB	¥	1,476	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,476
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		—		—		—		—		—		—		—
Total unsecured inter-bank money market loans	¥	1,476	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,476
Secured corporate loans:
AAA-BBB	¥	43,117	¥	205,431	¥	78,930	¥	12,067	¥	235	¥	17,958	¥	9,089	¥	366,827
BB-CCC		166,917		17,740		44,837		76,746		10,179		26,886		274,120		617,425
CC-D(2)		53,276		—		—		—		—		—		—		53,276
Others(1)		19		36		27		10		26		73		82		273
Total secured corporate loans	¥	263,329	¥	223,207	¥	123,794	¥	88,823	¥	10,440	¥	44,917	¥	283,291	¥	1,037,801
Unsecured corporate loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		299		—		2,651		—		—		—		—		2,950
CC-D		—		—		—		—		—		—		—		—
Others(1)		400		196		—		96,646		—		3		—		97,245
Total unsecured corporate loans	¥	699	¥	196	¥	2,651	¥	96,646	¥	—	¥	3	¥	—	¥	100,195
Advances to affiliated companies
AAA-BBB	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,000
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		—		—		—		—		—		—		—
Total advances to affiliated companies	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,000
Total	¥	846,506	¥	330,060	¥	168,990	¥	211,968	¥	19,413	¥	91,347	¥	559,125	¥	2,227,409

(1) Relate to collateralized exposures where a specified ratio of LTV is maintained.

(2) Includes loans of ¥53,276 million in relation to the U.S. Prime Brokerage Event.