Financing receivables (Tables)

6 Months Ended

Sep. 30, 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 Investments in and advances to affiliated companies in the consolidated balance sheets as of March 31, 2022, and September 30, 2022 by portfolio segment.

	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
	Millions of yen
	September 30, 2022
	Carried at amortized cost		Carried at fair value(1)		Total
Loans receivable
Loans at banks	¥	751,077	¥	—	¥	751,077
Short-term secured margin loans		518,027		—		518,027
Inter-bank money market loans		3,266		—		3,266
Corporate loans		1,515,685		1,415,348		2,931,033
Total loans receivable	¥	2,788,055	¥	1,415,348	¥	4,203,403
Advances to affiliated companies		4,000		—		4,000
Total	¥	2,792,055	¥	1,415,348	¥	4,207,403

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

Changes in allowance for doubtful accounts

The following table presents changes in the total allowance for incurred credit losses for the six and three months ended September 30, 2021 and 2022 as determined using the CECL impairment model defined by ASC 326.

	Millions of yen
	Six months ended September 30, 2021
	Allowance for current expected credit losses											Allowances against receivables other than loans(1)			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(2)		—			—		8,924			8,924			78			9,002
Charge-offs		—			—		(17	)		(17	)		(62	)		(79	)
Other(3)		161			—		718			879			(1,875	)		(996	)
Ending balance	¥	1,443		¥	—	¥	57,610		¥	59,053		¥	2,658		¥	61,711
	Millions of yen
	Six months ended September 30, 2022
	Allowance for current expected credit losses											Allowances against receivables other than loans(1)			Total allowance for current expected credit losses
	Loans at banks			Short-term secured margin loans		Corporate loans			Subtotal
Opening balance	¥	2,434		¥	—	¥	62,353		¥	64,787		¥	1,559		¥	66,346
Provision for losses		672			—		1,372			2,044			15			2,059
Charge-offs		(1,523	)		—		(2,552	)		(4,075	)		—			(4,075	)
Other(3)		(417	)		—		7,981			7,564			262			7,826
Ending balance	¥	1,166		¥	—	¥	69,154		¥	70,320		¥	1,836		¥	72,156
	Millions of yen
	Three months ended September 30, 2021
	Allowance for current expected credit losses											Allowance for receivables other than loans(1)			Total allowance for current expected credit losses
	Loans at banks			Short-term secured margin loans		Corporate loans			Subtotal
Opening balance	¥	1,273		¥	—	¥	57,559		¥	58,832		¥	2,587		¥	61,419
Provision for losses		—			—		(273	)		(273	)		75			(198	)
Charge-offs		—			—		(10	)		(10	)		(5	)		(15	)
Other(3)		170			—		334			504			1			505
Ending balance	¥	1,443		¥	—	¥	57,610		¥	59,053		¥	2,658		¥	61,711

	Millions of yen
	Three months ended September 30, 2022
	Allowance for current expected credit losses											Allowance for receivables other than loans(1)			Total allowance for current expected credit losses
	Loans at banks			Short-term secured margin loans		Corporate loans			Subtotal
Opening balance	¥	3,016		¥	—	¥	65,242		¥	68,258		¥	1,842		¥	70,100
Provision for losses		90			—		156			246			(13	)		233
Charge-offs		(1,523	)		—		(82	)		(1,605	)		—			(1,605	)
Other(3)		(417	)		—		3,838			3,421			7			3,428
Ending balance	¥	1,166		¥	—	¥	69,154		¥	70,320		¥	1,836		¥	72,156

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

(2) Following default by a U.S. client in connection with the U.S. Prime Brokerage Event in March 2021, a provision for losses of ¥9,289 million was recognized during the quarter ended June 30, 2021.

(3) 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, 2022 and September 30, 2022.

	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.

	Millions of yen
	September 30, 2022
	2022		2021		2020		2019		2018		2017 or earlier		Revolving		Total
Secured loans at banks:
AAA-BBB	¥	183,353	¥	75,873	¥	8,275	¥	17,940	¥	8,972	¥	10,828	¥	—	¥	305,241
BB-CCC		170,985		93,971		2,739		629		645		6,439		—		275,408
CC-D		—		—		—		—		—		—		—		—
Others(1)		—		89,114		—		—		—		—		—		89,114
Total secured loans at banks	¥	354,338	¥	258,958	¥	11,014	¥	18,569	¥	9,617	¥	17,267	¥	—	¥	669,763
Unsecured loans at banks:
AAA-BBB	¥	7,060	¥	17,317	¥	11,935	¥	15,553	¥	7,519	¥	21,930	¥	—	¥	81,314
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured loans at banks	¥	7,060	¥	17,317	¥	11,935	¥	15,553	¥	7,519	¥	21,930	¥	—	¥	81,314
Short-term secured margin loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		232,540		25,737		—		—		—		—		259,750		518,027
Total short-term secured margin loans	¥	232,540	¥	25,737	¥	—	¥	—	¥	—	¥	—	¥	259,750	¥	518,027
Unsecured inter-bank money market loans:
AAA-BBB	¥	3,266	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	3,266
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured inter-bank money market loans	¥	3,266	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	3,266
Secured corporate loans:
AAA-BBB	¥	357,320	¥	248,311	¥	159,325	¥	201,901	¥	8,451	¥	106,520	¥	25,261	¥	1,107,089
BB-CCC		11,869		22,211		—		22,625		20,000		13,028		78,909		168,642
CC-D(2)		—		67,730		—		—		—		—		—		67,730
Others(1)		500		17		24		23		7		88		67		726
Total secured corporate loans	¥	369,689	¥	338,269	¥	159,349	¥	224,549	¥	28,458	¥	119,636	¥	104,237	¥	1,344,187
Unsecured corporate loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		37,193		968		—		—		—		—		—		38,161
CC-D		—		—		—		2,373		—		—		—		2,373
Others		71		513		180		—		130,194		6		—		130,964
Total unsecured corporate loans	¥	37,264	¥	1,481	¥	180	¥	2,373	¥	130,194	¥	6	¥	—	¥	171,498
Advances to affiliated companies
AAA-BBB	¥	3,000	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	4,000
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total advances to affiliated companies	¥	3,000	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	—	¥	4,000
Total	¥	1,007,157	¥	642,762	¥	182,478	¥	261,044	¥	175,788	¥	158,839	¥	363,987	¥	2,792,055

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

(2) Includes loans of ¥67,730 million in relation to the U.S. Prime Brokerage Event.