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Segment and geographic information (Tables)

6 Months Ended

Sep. 30, 2022

Segment and Geographic Information [Abstract]


	Millions of yen
	Retail		Investment Management			Wholesale (1)			Other (Incl. elimination)			Total
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 before income taxes	¥	36,006	¥	59,942		¥	(3,388	)	¥	(799	)	¥	91,761

Six months ended September 30, 2022
Non-interest revenue	¥	142,603	¥	35,366		¥	406,582		¥	57,991		¥	642,542
Net interest revenue		1,263		(1,616	)		(2,096	)		(18,443	)		(20,892	)

Net revenue		143,866		33,750			404,486			39,548			621,650
Non-interest expenses		133,465		39,911			359,025			41,368			573,769

Income (loss) before income taxes	¥	10,401	¥	(6,161	)	¥	45,461		¥	(1,820	)	¥	47,881


	Millions of yen
	Retail		Investment Management			Wholesale			Other (Incl. elimination)			Total
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

Three months ended September 30, 2022
Non-interest revenue	¥	71,977	¥	27,058		¥	214,413		¥	25,325		¥	338,773
Net interest revenue		503		(887	)		(8,914	)		(9,702	)		(19,000	)

Net revenue		72,480		26,171			205,499			15,623			319,773
Non-interest expenses		66,995		20,618			185,310			13,551			286,474

Income before income taxes	¥	5,485	¥	5,553		¥	20,189		¥	2,072		¥	33,299

(1)

Non-interest

revenue

and

Non-interest

expense

for the six months ended September 30, 2021 include losses of ¥65,362 million arising from the U.S. Prime Brokerage Event. The losses are reported within

Net gain on trading

in the amount of ¥(56,073) million and in

Non-interest

expenses—Other

in the amount of ¥9,289 million in the consolidated statements of income.

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
	2021			2022
Net gain (loss) related to economic hedging transactions	¥	(381	)	¥	(9,709	)
Realized gain on investments in equity securities held for operating purposes		196			295
Equity in earnings of affiliates		15,188			26,107
Corporate items (1)		(54,838	)		(1,475	)
Other (2)(3)		39,036			(17,038	)

Total	¥	(799	)	¥	(1,820	)


	Millions of yen
	Three months ended September 30
	2021			2022
Net gain (loss) related to economic hedging transactions	¥	(3,825	)	¥	98
Realized gain on investments in equity securities held for operating purposes		23			55
Equity in earnings of affiliates		5,571			9,114
Corporate items		(45,566	)		4,513
Other (3)		3,414			(11,708	)

Total	¥	(40,383	)	¥	2,072

(

)

The loss before income taxes for the six months ended September 30, 2021 includes losses of approximately ¥40 billion related to legacy transactions.

(

)

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.

(

)

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

The table

below presents reconciliations of the combined business segments’ results included in the preceding table to Nomura’s reported

Net revenue,

Non-interest

expenses

and

Income before income taxes

in the consolidated statements of income.


	Millions of yen
	Six months ended September 30
	2021		2022
Net revenue	¥	666,902	¥	621,650
Unrealized gain on investments in equity securities held for operating purposes		5,239		(4,664	)

Consolidated net revenue	¥	672,141	¥	616,986

Non-interest expenses	¥	575,141	¥	573,769
Unrealized gain (loss) on investments in equity securities held for operating purposes		—		—

Consolidated non-interest expenses	¥	575,141	¥	573,769

Income before income taxes	¥	91,761	¥	47,881
Unrealized gain on investments in equity securities held for operating purposes		5,239		(4,664	)

Consolidated income before income taxes	¥	97,000	¥	43,217


	Millions of yen
	Three months ended September 30
	2021		2022
Net revenue	¥	316,998	¥	319,773
Unrealized gain on investments in equity securities held for operating purposes		1,868		(1,815	)

Consolidated net revenue	¥	318,866	¥	317,958

Non-interest expenses	¥	300,399	¥	286,474
Unrealized gain (loss) on investments in equity securities held for operating purposes		—		—

Consolidated non-interest expenses	¥	300,399	¥	286,474

Income before income taxes	¥	16,599	¥	33,299
Unrealized gain on investments in equity securities held for operating purposes		1,868		(1,815	)

Consolidated income before income taxes	¥	18,467	¥	31,484

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
	2021			2022
Net revenue (1)(2) :
Americas	¥	122,906		¥	119,139
Europe		66,997			64,064
Asia and Oceania		43,876			41,657

Subtotal		233,779			224,860
Japan		438,362			392,126

Consolidated	¥	672,141		¥	616,986

Income (loss) before income taxes (2) :
Americas	¥	(53,824	)	¥	(43,011	)
Europe		(14,150	)		4,505
Asia and Oceania		13,724			23,917

Subtotal		(54,250	)		(14,589	)
Japan		151,250			57,806

Consolidated	¥	97,000		¥	43,217


	Millions of yen
	Three months ended September 30
	2021			2022
Net revenue (1) :
Americas	¥	84,602		¥	75,057
Europe		33,629			35,533
Asia and Oceania		22,715			4,744

Subtotal		140,946			115,334
Japan		177,920			202,624

Consolidated	¥	318,866		¥	317,958

Income (loss) before income taxes:
Americas	¥	(17,225	)	¥	(21,364	)
Europe		(8,863	)		6,405
Asia and Oceania		7,103			15,574

Subtotal		(18,985	)		615
Japan		37,452			30,869

Consolidated	¥	18,467		¥	31,484

(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 for six months ended September 30, 2021.


	Millions of yen
	March 31, 2022		September 30, 2022
Long-lived assets:
Americas	¥	103,045	¥	121,343
Europe		53,643		54,048
Asia and Oceania		23,600		22,804

Subtotal		180,288		198,195
Japan		269,135		267,226

Consolidated	¥	449,423	¥	465,421