Financing receivables (Tables)

12 Months Ended

Mar. 31, 2022

Financing Receivables [Abstract]

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

The following tables present a summary of loans receivable reported within Loans receivable or Advances to affiliated companies in the consolidated balance sheets as of March 31, 2021, and 2022 by portfolio segment.

	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
	March 31, 2022
	Carried at amortized cost		Carried at fair value(1)		Total
Loans receivable
Loans at banks	¥	717,992	¥	—	¥	717,992
Short-term secured margin loans		442,600		—		442,600
Inter-bank money market loans		2,196		—		2,196
Corporate loans		1,206,349		1,210,590		2,416,939
Total loans receivable	¥	2,369,137	¥	1,210,590	¥	3,579,727
Advances to affiliated companies		1,000		—		1,000
Total	¥	2,370,137	¥	1,210,590	¥	3,580,727

(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
	Year ended March 31, 2020
	Allowance for current expected credit losses against loans											Allowance against receivables other than loans			Total allowance for current expected credit losses
	Loans at banks		Short-term secured margin loans			Corporate loans			Subtotal
Opening balance	¥	1,052	¥	370		¥	868		¥	2,290		¥	1,879		¥	4,169
Provision for credit losses		512		—			7,125			7,637			1,451			9,088
Charge-offs		—		—			—			—			(162	)		(162	)
Other(1)		—		(18	)		(49	)		(67	)		(16	)		(83	)
Closing balance	¥	1,564	¥	352		¥	7,944		¥	9,860		¥	3,152		¥	13,012

(1) Primarily includes the effect of foreign exchange movements and recoveries collected.

	Millions of yen
	Year ended March 31, 2021
	Allowance for current expected credit losses against loans												Allowance against receivables other than loans(3)			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)		1,564			352			7,944			9,860			3,152			13,012
Impact of CECL adoption(2)		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(4)		(196	)		—			38,211			38,015			1,060			39,075
Charge-offs		(318	)		(363	)		(0	)		(681	)		(1,600	)		(2,281	)
Other(5)		—			11			92			103			1,903			2,006
Closing balance	¥	1,282		¥	—		¥	47,985		¥	49,267		¥	4,517		¥	53,784

	Millions of yen
	Year ended March 31, 2022
	Allowance for current expected credit losses against loans									Allowance against receivables other than loans(3)			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 losses(4)		1,161			—		11,079		12,240		113			12,353
Charge-offs		—			—		—		—		(1,231	)		(1,231	)
Other(4)(5)		(9	)		—		3,289		3,280		(1,840	)		1,440
Closing balance	¥	2,434		¥	—	¥	62,353	¥	64,787	¥	1,559		¥	66,346

(1) Closing balance recognized on March 31, 2020 as determined using legacy U.S. GAAP guidance in effect prior to the adoption of ASC 326.

(2) The adjusted opening balance recognized on April 1, 2020 on adoption of the CECL impairment model under ASC 326.

(3) Includes amounts recognized against collateralized agreements, customer contract assets and receivables and other receivables.

(4) Following default by a U.S. client in connection with the U.S. Prime Brokerage Event in March 2021, a provision for losses of ¥41,561 million was recognized. During year ending March 2022, an additional provision for losses of ¥9,289 million was recognized during the quarter ended June 30, 2021, which was subsequently partially offset by a release in the allowance of ¥2,535 million during the quarter ended March 31, 2022. See Note 23 “U.S. Prime Brokerage Event” for further information on this event. 

(5) Primarily includes the effect of foreign exchange movements and recoveries collected.

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, 2021 and 2022.

	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		—		—		—		—		—		—		—		—
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		—		—		—		—		—		—		—		—
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		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		—		—		—		—		—		—		—		—
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 to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” for further information on this event. 

	Millions of yen
	March 31, 2022
	2022		2021		2020		2019		2018		2017 or earlier		Revolving		Total
Secured loans at banks:
AAA-BBB	¥	106,554	¥	126,834	¥	8,325	¥	17,308	¥	9,213	¥	12,729	¥	—	¥	280,963
BB-CCC		80,167		169,655		1,693		638		587		6,779		—		259,519
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		82,304		—		—		—		—		—		82,304
Total secured loans at banks	¥	186,721	¥	378,793	¥	10,018	¥	17,946	¥	9,800	¥	19,508	¥	—	¥	622,786
Unsecured loans at banks:
AAA-BBB	¥	6,000	¥	18,175	¥	12,703	¥	20,565	¥	9,982	¥	25,841	¥	—	¥	93,266
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		1,940		—		—		—		1,940
Others		—		—		—		—		—		—		—		—
Total unsecured loans at banks	¥	6,000	¥	18,175	¥	12,703	¥	22,505	¥	9,982	¥	25,841	¥	—	¥	95,206
Short-term secured margin loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		169,195		23,238		—		—		—		—		250,167		442,600
Total short-term secured margin loans	¥	169,195	¥	23,238	¥	—	¥	—	¥	—	¥	—	¥	250,167	¥	442,600
Unsecured inter-bank money market loans:
AAA-BBB	¥	2,196	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	2,196
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured inter-bank money market loans	¥	2,196	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	2,196
Secured corporate loans:
AAA-BBB	¥	—	¥	52,545	¥	86,910	¥	20,710	¥	3,258	¥	52,496	¥	9,916	¥	225,835
BB-CCC		86,300		307,636		14,718		131,266		115,494		30,085		92,039		777,538
CC-D(2)		—		57,524		—		—		—		—		—		57,524
Others(1)		455		20		25		26		10		101		96		733
Total secured corporate loans	¥	86,755	¥	417,725	¥	101,653	¥	152,002	¥	118,762	¥	82,682	¥	102,051	¥	1,061,630
Unsecured corporate loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		11,621		20,516		—		1,989		—		—		—		34,126
CC-D		—		—		—		—		—		—		—		—
Others		—		438		191		—		109,959		5		—		110,593
Total unsecured corporate loans	¥	11,621	¥	20,954	¥	191	¥	1,989	¥	109,959	¥	5	¥	—	¥	144,719
Advances to affiliated companies
AAA-BBB	¥	—	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,000
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total advances to affiliated companies	¥	—	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	1,000
Total	¥	462,488	¥	859,885	¥	124,565	¥	194,442	¥	248,503	¥	128,036	¥	352,218	¥	2,370,137

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

(2) Includes loans of ¥57,524 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” for further information on this event.