Segment and geographic information (Tables)

12 Months Ended

Mar. 31, 2022

Segment and Geographic Information [Abstract]


	Millions of yen
	Retail		Investment Management		Wholesale (1)		Other (Incl. elimination)			Total
Year ended March 31, 2020
Non-interest revenue	¥	329,983	¥	101,130	¥	506,203	¥	242,021		¥	1,179,337
Net interest revenue		6,376		6,807		142,416		(25,780	)		129,819

Net revenue		336,359		107,937		648,619		216,241			1,309,156
Non-interest expenses		286,926		74,364		556,399		121,879			1,039,568

Income (loss) before income taxes	¥	49,433	¥	33,573	¥	92,220	¥	94,362		¥	269,588

Year ended March 31, 2021
Non-interest revenue	¥	366,271	¥	153,523	¥	524,019	¥	205,411		¥	1,249,224
Net interest revenue		2,538		9,627		167,337		(38,399	)		141,103

Net revenue		368,809		163,150		691,356		167,012			1,390,327
Non-interest expenses		276,480		72,142		627,051		195,528			1,171,201

Income (loss) before income taxes	¥	92,329	¥	91,008	¥	64,305	¥	(28,516	)	¥	219,126

Year ended March 31, 2022
Non-interest revenue	¥	324,642	¥	129,848	¥	617,227	¥	232,437		¥	1,304,154
Net interest revenue		3,343		18,145		85,828		(53,203	)		54,113

Net revenue		327,985		147,993		703,055		179,234			1,358,267
Non-interest expenses		268,745		76,478		628,563		163,481			1,137,267

Income (loss) before income taxes	¥	59,240	¥	71,515	¥	74,492	¥	15,753		¥	221,000

(1)	Non-interest revenue and Non-interest expense for the year ended March 31, 2021 and March 31, 2022 include losses arising from the U.S. Prime Brokerage Event. See Note 23 “ U.S. Prime Brokerage Event ”

Major components of income (loss) before income taxes in "Other"

The following table presents the major components of

Income (loss) before income taxes

“Other”

for the years ended March 31, 2020, 2021 and 2022.


	Millions of yen
	Year ended March 31
	2020			2021			2022
Net gain (loss) related to economic hedging transactions	¥	17,548		¥	(11,450	)	¥	(9,937	)
Realized gain on investments in equity securities held for operating purposes		6,601			1,731			1,355
Equity in earnings of affiliates (1)		34,990			(16,410	)		36,790
Corporate items (2)		(22,240	)		4,956			(91,073	)
Other (3)(4)(5)(6)		57,463			(7,343	)		78,618

Total	¥	94,362		¥	(28,516	)	¥	15,753

(1)

Includes an impairment loss of ¥47,661 million recognized in respect of Nomura’s investment in Nomura Real Estate holdings, Inc. during the year ended March 31, 2021. Based on the period and extent to which the share price of the investee (and therefore its estimated fair value) was below the carrying value of the investment, Nomura determined the impairment was other-than-temporary and an impairment loss was recognized through earnings. The loss was reported within

Non-interest

expenses—Other

in the consolidated statements of income.

(2)

Income before income taxes for the year ended March 31, 2022 includes a loss of approximately ¥62.0 billion related to legacy transactions in the U.S. from before the global financial crisis (2007 – 2008) that was recognized including legal expenses as well as certain transactions intended to mitigate future losses.

(3)

Loss before income taxes for the year ended March 31, 2021 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.

(4)	Income before income taxes for the year ended March 31, 2020 includes a gain of ¥73,293 million from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd.

(5)	Income before income taxes for the year ended March 31, 2022 includes a gain of approximately ¥79.0 billion from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd.

(6)	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
	Year ended March 31
	2020			2021		2022
Net revenue	¥	1,309,156		¥	1,390,327	¥	1,358,267
Unrealized gain (loss) on investments in equity securities held for operating purposes		(21,327	)		11,545		5,623

Consolidated net revenue	¥	1,287,829		¥	1,401,872	¥	1,363,890

Non-interest expenses	¥	1,039,568		¥	1,171,201	¥	1,137,267


	Millions of yen
	Year ended March 31
	2020			2021		2022
Unrealized gain (loss) on investments in equity securities held for operating purposes		—			—		—

Consolidated non-interest expenses	¥	1,039,568		¥	1,171,201	¥	1,137,267

Income (loss) before income taxes	¥	269,588		¥	219,126	¥	221,000
Unrealized gain (loss) on investments in equity securities held for operating purposes		(21,327	)		11,545		5,623

Consolidated income (loss) before income taxes	¥	248,261		¥	230,671	¥	226,623

Geographic allocation of net revenue and income (loss) before income taxes from operations by geographic areas, and long-lived assets


	Millions of yen
	Year ended March 31
	2020			2021 (2)			2022 (2)
Net revenue (1) :
Americas	¥	229,265		¥	226,741		¥	289,571
Europe		115,483			142,941			131,393
Asia and Oceania		42,571			66,985			85,081

Subtotal		387,319			436,667			506,045
Japan		900,510			965,205			857,845

Consolidated	¥	1,287,829		¥	1,401,872		¥	1,363,890

Income (loss) before income taxes:
Americas	¥	7,354		¥	(76,963	)	¥	(40,950	)
Europe		(14,067	)		14,283			(21,774	)
Asia and Oceania		19,817			49,205			28,586

Subtotal		13,104			(13,475	)		(34,138	)
Japan		235,157			244,146			260,761

Consolidated	¥	248,261		¥	230,671		¥	226,623

(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. See Note 23 “ U.S. Prime Brokerage Event .”


	March 31
	2020		2021		2022
Long-lived assets:
Americas	¥	84,904	¥	98,611	¥	103,045
Europe		52,179		65,165		53,643
Asia and Oceania		29,618		26,690		23,600

Subtotal		166,701		190,466		180,288
Japan		292,212		303,355		269,135

Consolidated	¥	458,913	¥	493,821	¥	449,423