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Segment and geographic information (Tables)
6 Months Ended
Sep. 30, 2021
Segment and Geographic Information [Abstract]  
Business segments' results
 
 
  
Millions of yen
 
 
  
Retail
 
 
Investment

Management
 
 
Wholesale
(1)
 
 
Other

(Incl. elimination)
 
 
Total
 
Six months ended September 30, 2020
  
     
 
     
 
     
 
     
 
     
Non-interest
revenue
   ¥ 172,676      ¥ 69,888     ¥ 376,148     ¥ 121,385     ¥ 740,097  
Net interest revenue
     1,197        (146     92,826       (8,486     85,391  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Net revenue
     173,873        69,742       468,974       112,899       825,488  
Non-interest
expenses
     135,979        35,521       315,628       77,179       564,307  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Income before income taxes
   ¥ 37,894      ¥ 34,221     ¥
 
 
 
 
153,346
    ¥ 35,720     ¥ 261,181  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Six months ended September 30, 2021
                                         
Non-interest
revenue
   ¥ 168,475      ¥ 97,944     ¥ 255,957     ¥ 122,305     ¥ 644,681  
Net interest revenue
     1,702        (133     49,489       (28,837     22,221  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Net revenue
     170,177        97,811       305,446       93,468       666,902  
Non-interest
expenses
     134,171
     
     37,869
     
    308,834
     
    94,267
     
    575,141  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Income (loss) before income taxes
   ¥ 36,006      ¥ 59,942     ¥ (3,388   ¥ (799   ¥ 91,761  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
 
 
  
Millions of yen
 
 
  
Retail
 
 
Investment

Management
 
 
Wholesale
 
 
Other

(Incl. elimination)
 
 
Total
 
Three months ended September 30, 2020
  
     
 
     
 
     
 
     
 
     
Non-interest
revenue
   ¥ 92,331      ¥ 29,731     ¥ 185,601     ¥ 27,230     ¥ 334,893  
Net interest revenue
     464        337       34,704       (3,354     32,151  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Net revenue
     92,795        30,068       220,305       23,876       367,044  
Non-interest
expenses
     69,970        18,018       154,828       42,555
     
    285,371  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Income (loss) before income taxes
   ¥ 22,825
     
   ¥ 12,050
     
  ¥ 65,477
     
  ¥ (18,679   ¥ 81,673  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Three months ended September 30, 2021
                                         
Non-interest
revenue
   ¥
 
 
84,395
     ¥
 
 
 
34,244
    ¥
 
 
 
 
145,187
    ¥ 43,590     ¥ 307,416  
Net interest revenue
     796        85       27,482       (18,781     9,582  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Net revenue
     85,191        34,329       172,669       24,809       316,998  
Non-interest
expenses
     68,207        19,300       147,700       65,192       300,399  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
Income (loss) before income taxes
   ¥ 16,984      ¥ 15,029     ¥ 24,969     ¥ (40,383   ¥ 16,599  
    
 
 
    
 
 
   
 
 
   
 
 
   
 
 
 
 
Major components of income (loss) before income taxes in "Other"
The following table presents the major components of
Income (loss) before income taxes
in “
Other
.”
 
 
 
Millions of yen
 
 
 
Six months ended September 30
 
 
 
                2020                
 
 
                2021                
 
Net gain (loss) related to economic hedging transactions
   ¥ 612     ¥ (381
Realized gain on investments in equity securities held for operating purposes
     809       196  
Equity in earnings of affiliates
               11,860                 15,188  
Corporate items
(1)(2)
     29,085       (54,838
Other
(3)(4)
     (6,646     39,036  
    
 
 
   
 
 
 
Total
   ¥ 35,720     ¥ (799
    
 
 
   
 
 
 
   
    
Millions of yen
 
    
Three months ended September 30
 
    
2020
   
2021
 
Net gain (loss) related to economic hedging transactions
   ¥ (4,965   ¥ (3,825
Realized gain on investments in equity securities held for operating purposes
     124       23  
Equity in earnings of affiliates
                   5,251                      5,571  
Corporate items
     (16,005     (45,566
Other
(4)
     (3,084     3,414  
    
 
 
   
 
 
 
Total
   ¥ (18,679   ¥ (40,383
    
 
 
   
 
 
 
 
(1)
The income before income taxes for the six months ended September 30, 2020 includes a gain of ¥71,075 million which represents the difference between the fair value of the assets acquired and the carrying value of the assets transferred by Nomura as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project.
(2)
The loss before income taxes for the six months ended September 30, 2021 includes losses of approximately ¥40 billion related to legacy transactions.
(3)
The income before income taxes for the six months ended September 30, 2021 includes a gain of ¥36,249 million from the sale of Nomura Research Institute, Ltd. ordinary shares.
(4)
Includes the impact of Nomura’s own creditworthiness.
Reconciliation of combined business segments' results included in preceding table to reported net revenue, non-interest expenses and income (loss) before income taxes
 
 
Millions of yen
 
 
 
Six months ended September 30
 
 
 
                2020                
 
 
                2021                
 
Net revenue
   ¥ 825,488     ¥ 666,902  
Unrealized gain on investments in equity securities held for operating purposes
                   4,257                      5,239  
    
 
 
   
 
 
 
Consolidated net revenue
   ¥ 829,745     ¥ 672,141  
    
 
 
   
 
 
 
Non-interest
expenses
   ¥ 564,307     ¥ 575,141  
Unrealized gain (loss) on investments in equity securities held for operating purposes
     —         —    
    
 
 
   
 
 
 
Consolidated
non-interest
expenses
   ¥ 564,307     ¥ 575,141  
    
 
 
   
 
 
 
Income before income taxes
   ¥ 261,181     ¥ 91,761  
Unrealized gain on investments in equity securities held for operating purposes
     4,257       5,239  
    
 
 
   
 
 
 
Consolidated income before income taxes
   ¥ 265,438      ¥ 97,000   
    
 
 
   
 
 
 
 
 
 
Millions of yen
 
 
 
Three months ended September 30
 
 
 
                2020                
 
 
                2021                
 
Net revenue
   ¥ 367,044
   
  ¥ 316,998  
Unrealized gain on investments in equity securities held for operating purposes
     1,954       1,868  
    
 
 
   
 
 
 
Consolidated net revenue
   ¥ 368,998     ¥ 318,866  
    
 
 
   
 
 
 
Non-interest
expenses
   ¥ 285,371     ¥ 300,399  
Unrealized gain (loss) on investments in equity securities held for operating purposes
     —         —    
    
 
 
   
 
 
 
Consolidated
non-interest
expenses
   ¥ 285,371     ¥ 300,399  
    
 
 
   
 
 
 
Income before income taxes
   ¥ 81,673     ¥ 16,599  
Unrealized gain on investments in equity securities held for operating purposes
     1,954       1,868  
    
 
 
   
 
 
 
Consolidated income before income taxes
   ¥ 83,627     ¥ 18,467  
    
 
 
   
 
 
 
Geographic allocation of net revenue and income (loss) before income taxes from operations by geographic areas, and long-lived assets
 
 
  
Millions of yen
 
 
  
Six months ended September 30
 
 
  
2020
 
 
2021
 
Net revenue
(1)(2)
:
  
 
                    
 
 
 
                        
 
Americas
   ¥ 222,091     ¥ 122,906  
Europe
     59,681       66,997  
Asia and Oceania
     27,605       43,876  
    
 
 
   
 
 
 
Subtotal
     309,377       233,779  
Japan
     520,368       438,362  
    
 
 
   
 
 
 
Consolidated
   ¥ 829,745     ¥ 672,141  
    
 
 
   
 
 
 
Income (loss) before income taxes
(2)
:
                
Americas
   ¥ 79,157     ¥ (53,824
Europe
     6,580       (14,150
Asia and Oceania
     21,915       13,724  
    
 
 
   
 
 
 
Subtotal
     107,652       (54,250
Japan
     157,786       151,250  
    
 
 
   
 
 
 
Consolidated
   ¥ 265,438      ¥ 97,000   
    
 
 
   
 
 
 
 
 
 
  
Millions of yen
 
 
  
Three months ended September 30
 
 
  
        2020        
 
 
        2021        
 
Net revenue
(1)
:
  
 
 
 
 
 
 
 
Americas
   ¥ 112,903     ¥ 84,602  
Europe
     39,510       33,629  
Asia and Oceania
     17,369       22,715  
    
 
 
   
 
 
 
Subtotal
     169,782       140,946  
Japan
     199,216       177,920  
    
 
 
   
 
 
 
Consolidated
   ¥ 368,998     ¥ 318,866  
    
 
 
   
 
 
 
Income (loss) before income taxes:
                
Americas
   ¥ 39,159     ¥ (17,225
Europe
     (8,437     (8,863
Asia and Oceania
     12,720       7,103  
    
 
 
   
 
 
 
Subtotal
     43,442       (18,985
Japan
     40,185       37,452  
    
 
 
   
 
 
 
Consolidated
   ¥ 83,627     ¥ 18,467  
    
 
 
   
 
 
 
 
(1)
There is no revenue derived from transactions with a single major external customer.
(2)
Includes losses arising from the U.S. Prime Brokerage Event.
    
Millions of yen
 
    
March 31, 2021
   
September 30, 2021
 
Long-lived assets:
                      
Americas
   ¥ 98,611     ¥ 96,974  
Europe
     65,165       52,134  
Asia and Oceania
     26,690       25,685  
    
 
 
   
 
 
 
Subtotal
     190,466       174,793  
Japan
     303,355       313,968  
    
 
 
   
 
 
 
Consolidated
   ¥ 493,821      ¥ 488,761