Collateralized transactions (Tables)

6 Months Ended

Sep. 30, 2022

Offsetting of the transactions in the consolidated balance sheets


	Billions of yen
	March 31, 2022
	Assets						Liabilities
	Reverse repurchase agreements			Securities borrowing transactions			Repurchase agreements			Securities lending transactions
Total gross balance (1)	¥	31,365		¥	4,994		¥	32,061		¥	1,734
Less: Amounts offset in the consolidated balance sheets (2)		(19,486	)		—			(19,486	)		—

Total net amounts of reported on the face of the consolidated balance sheets (3)	¥	11,879		¥	4,994		¥	12,575		¥	1,734

Less: Additional amounts not offset in the consolidated balance sheets (4)
Financial instruments and non-cash collateral		(9,370	)		(3,372	)		(9,114	)		(1,524	)
Cash collateral		(8	)		—			(12	)		—

Net amount	¥	2,501		¥	1,622		¥	3,449		¥	210


	Billions of yen
	September 30, 2022
	Assets						Liabilities
	Reverse repurchase agreements			Securities borrowing transactions			Repurchase agreements			Securities lending transactions
Total gross balance (1)	¥	37,462		¥	5,009		¥	37,597		¥	1,721
Less: Amounts offset in the consolidated balance sheets (2)		(21,633	)		—			(21,633	)		—

Total net amounts of reported on the face of the consolidated balance sheets (3)	¥	15,829		¥	5,009		¥	15,964		¥	1,721

Less: Additional amounts not offset in the consolidated balance sheets (4)
Financial instruments and non-cash collateral		(13,538	)		(3,114	)		(11,955	)		(1,527	)
Cash collateral		(24	)		—			(30	)		—

Net amount	¥	2,267		¥	1,895		¥	3,979		¥	194

(1)

Include all recognized balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. Amounts include transactions carried at fair value through election of the fair value option. As of March 31, 2022, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability

amounted to

¥793 billion and ¥2,453 billion, respectively. As of March 31, 2022, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability

amounted to

¥1,511 billion and ¥158 billion, respectively. As of September 30, 2022, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability

amounted to

¥1,039 billion and ¥3,231

billion, respectively. As of September 30, 2022, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability

amounted to

¥1,740 billion and ¥145 billion, respectively.

(2)	Represent amounts offset through counterparty netting under master netting or similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 210-20. Amounts offset include transactions carried at fair value through election of the fair value option.

(3)

Reverse repurchase agreements and securities borrowing transactions are reported within

Collateralized agreements

—

Securities purchased under agreements to resell

and

Collateralized agreements

—

Securities borrowed

in the consolidated balance sheets, respectively. Repurchase agreements and securities lending transactions are reported within

Collateralized financing

—

Securities sold under agreements to repurchase

and

Collateralized financing

—

Securities loaned

in the consolidated balance sheets, respectively. Amounts reported under securities lending transactions also include transactions where Nomura lends securities and receives securities that can be sold or pledged as collateral. Nomura recognizes the securities received at fair value and a liability for the same amount, representing the obligation to return those securities. The liability is reported within

Other liabilities

in the consolidated balance sheets.

(4)

Represent

amounts which are not permitted to be offset on the face of the

consolidated

balance

sheets

in accordance with

ASC

210-20

but which provide Nomura with the right of offset in the event of counterparty default. Amounts relating to agreements where Nomura has not yet obtained sufficient evidence of enforceability of such offsetting rights are excluded.

Maturity analysis of repurchase agreements and securities lending transactions


	Billions of yen
	March 31, 2022
	Overnight and open (1)		Up to 30 days		30 – 90 days		90 days – 1 year		Greater than 1 year		Total
Repurchase agreements	¥	12,266	¥	15,454	¥	2,220	¥	1,611	¥	510	¥	32,061
Securities lending transactions		992		242		200		277		23		1,734

Total gross recognized liabilities (2)	¥	13,258	¥	15,696	¥	2,420	¥	1,888	¥	533	¥	33,795


	Billions of yen
	September 30, 2022
	Overnight and open (1)		Up to 30 days		30 – 90 days		90 days – 1 year		Greater than 1 year		Total
Repurchase agreements	¥	14,432	¥	16,518	¥	2,723	¥	3,148	¥	776	¥	37,597
Securities lending transactions		1,064		223		131		280		23		1,721

Total gross recognized liabilities (2)	¥	15,496	¥	16,741	¥	2,854	¥	3,428	¥	799	¥	39,318

(1)	Open transactions do not have an explicit contractual maturity date and are terminable on demand by Nomura or the counterparty.

(2)

Repurchase agreements and securities lending transactions are reported within

Collateralized financing

—

Securities sold under agreements to repurchase

and

Collateralized financing

—

Securities loaned

in the consolidated balance sheets, respectively. Amounts reported for securities lending transactions also include transactions where Nomura lends securities and receives securities that can be sold or pledged as collateral. Nomura recognizes the securities received at fair value and a liability for the same amount, representing the obligation to return those securities. The liability is reported within

Other liabilities

in the consolidated balance sheets. The total gross recognized liabilities reported for repurchase agreements and securities lending transactions are consistent with the total gross balances reported in the offsetting disclosures above.

Securities transferred in repurchase agreements and securities lending transactions


	Billions of yen
	March 31, 2022
	Repurchase agreements		Securities lending transactions		Total
Equities and convertible securities	¥	384	¥	1,508	¥	1,892
Japanese government, agency and municipal securities		879		1		880
Foreign government, agency and municipal securities		26,436		17		26,453
Bank and corporate debt securities		2,322		175		2,497
Commercial mortgage-backed securities (“CMBS”)		1		—		1
Residential mortgage-backed securities (“RMBS”) (1)		1,846		—		1,846
Collateralized debt obligations (“CDOs”) and other		157		—		157
Investment trust funds and other		36		33		69

Total gross recognized liabilities (2)	¥	32,061	¥	1,734	¥	33,795


	Billions of yen
	September 30, 2022
	Repurchase agreements		Securities lending transactions		Total
Equities and convertible securities	¥	323	¥	1,468	¥	1,791
Japanese government, agency and municipal securities		1,679		0		1,679
Foreign government, agency and municipal securities		29,065		94		29,159
Bank and corporate debt securities		3,004		145		3,149
Residential mortgage-backed securities (“RMBS”) (1)		3,294		—		3,294
Collateralized debt obligations (“CDOs”) and other		203		—		203
Investment trust funds and other		29		14		43

Total gross recognized liabilities (2)	¥	37,597	¥	1,721	¥	39,318

(1)

Includes ¥1,404 billion

of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations

as of March 31, 2022

Includes

¥2,723

billion of U.S. government sponsored agency mortgage pass

through securities and collateralized mortgage obligations

as of September 30, 2022

(2)

Repurchase agreements and securities lending transactions are reported within

Collateralized financing

—

Securities sold under agreements to repurchase

and

Collateralized financing

—

Securities loaned

Other liabilities

Fair value of securities received as collateral available to sell or repledge


	Billions of yen
	March 31, 2022		September 30, 2022
The fair value of securities received as collateral, securities borrowed as collateral and securities borrowed without collateral where Nomura is permitted by contract or custom to sell or repledge the securities	¥	48,234	¥	60,879
The portion of the above that has been sold ( as reported within Trading liabilities in the consolidated balance sheets) or repledged		36,146		41,244

Assets owned, pledged as collateral


	Millions of yen
	March 31, 2022		September 30, 2022
Trading assets:
Equities and convertible securities	¥	368,235	¥	324,022
Government and government agency securities		1,178,011		1,476,077
Bank and corporate debt securities		27,899		17,931
Residential mortgage-backed securities (“RMBS”)		868,183		1,987,741
Collateralized debt obligations (“CDOs”) and other (1)		9,548		19,290
Investment trust funds and other		36,661		29,819

	¥	2,488,537	¥	3,854,880

Non-trading debt securities (2)	¥	163,445	¥	153,141
Investments in and advances to affiliated companies (3)	¥	12,832	¥	13,660

(1)	Includes CLOs and ABS such as those secured on credit card loans, auto loans and student loans.

(2)	Non-trading debt securities are primarily Japanese municipal securities.

(3)	Investments in and advances to affiliated companies primarily comprise shares in Nomura Research Institute, Ltd .

Assets subject to lien


	Millions of yen
	March 31, 2022		September 30, 2022
Loans and receivables	¥	235,875	¥	379,470
Trading assets and private equity and debt investments		1,416,279		1,389,264
Office buildings, land, equipment and facilities		4,841		4,730
Non-trading debt securities		2,827		1,712
Investments in and advances to affiliated companies		3		3
Other		497		719

	¥	1,660,322	¥	1,775,898