Financing receivables (Tables)

6 Months Ended

Sep. 30, 2023

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 and receivables or Investments in and advances to affiliated companies in the consolidated balance sheets as of March 31, 2023, and September 30, 2023 by portfolio segment.

	Millions of yen
	March 31, 2023
	Carried at amortized cost		Carried at fair value(1)		Total
Loans receivables
Loans at banks	¥	802,595	¥	—	¥	802,595
Short-term secured margin loans		457,273		—		457,273
Inter-bank money market loans		—		—		—
Corporate loans		1,103,869		1,650,115		2,753,984
Total loans receivables	¥	2,363,737	¥	1,650,115	¥	4,013,852
Advances to affiliated companies		4,000		—		4,000
Total	¥	2,367,737	¥	1,650,115	¥	4,017,852
	Millions of yen
	September 30, 2023
	Carried at amortized cost		Carried at fair value(1)		Total
Loans receivables
Loans at banks	¥	840,707	¥	—	¥	840,707
Short-term secured margin loans		542,026		—		542,026
Inter-bank money market loans		—		—		—
Corporate loans		1,433,855		1,908,000		3,341,855
Total loans receivables	¥	2,816,588	¥	1,908,000	¥	4,724,588
Advances to affiliated companies		8,014		298		8,312
Total	¥	2,824,602	¥	1,908,298	¥	4,732,900

(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 tables present changes in the allowances for current expected credit losses for the six and three months ended September 30, 2022 and 2023 as determined using the CECL impairment model defined by ASC 326.

	Millions of yen
	Six months ended September 30, 2022
	Allowances for current expected credit losses against loans											Allowances against receivables other than loans(1)			Total allowances 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 credit losses		672			—		1,372			2,044			15			2,059
Written-offs		(1,523	)		—		(2,552	)		(4,075	)		—			(4,075	)
Other(2)		(417	)		—		7,981			7,564			262			7,826
Ending balance	¥	1,166		¥	—	¥	69,154		¥	70,320		¥	1,836		¥	72,156
	Millions of yen
	Six months ended September 30, 2023
	Allowances for current expected credit losses against loans											Allowances against receivables other than loans(1)			Total allowances for current expected credit losses
	Loans at banks			Short-term secured margin loans		Corporate loans			Subtotal
Opening balance	¥	1,126		¥	—	¥	2,930		¥	4,056		¥	1,776		¥	5,832
Provision for credit losses		—			—		537			537			14			551
Written-offs		—			—		(386	)		(386	)		—			(386	)
Other(2)		(377	)		—		226			(151	)		(65	)		(216	)
Ending balance	¥	749		¥	—	¥	3,307		¥	4,056		¥	1,725		¥	5,781
	Millions of yen
	Three months ended September 30, 2022
	Allowances for current expected credit losses against loans											Allowances for receivables other than loans(1)			Total allowances 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 credit losses		90			—		156			246			(13	)		233
Written-offs		(1,523	)		—		(82	)		(1,605	)		—			(1,605	)
Other(2)		(417	)		—		3,838			3,421			7			3,428
Ending balance	¥	1,166		¥	—	¥	69,154		¥	70,320		¥	1,836		¥	72,156

	Millions of yen
	Three months ended September 30, 2023
	Allowances for current expected credit losses against loans											Allowances for receivables other than loans(1)			Total allowances for current expected credit losses
	Loans at banks			Short-term secured margin loans		Corporate loans			Subtotal
Opening balance	¥	1,126		¥	—	¥	3,083		¥	4,209		¥	1,739		¥	5,948
Provision for credit losses		—			—		262			262			12			274
Written-offs		—			—		(10	)		(10	)		—			(10	)
Other(2)		(377	)		—		(28	)		(405	)		(26	)		(431	)
Ending balance	¥	749		¥	—	¥	3,307		¥	4,056		¥	1,725		¥	5,781

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

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

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, 2023 and September 30, 2023. The amounts of write offs during the six months ended September 30, 2023 were not significant.

	Millions of yen
	March 31, 2023
	2023		2022		2021		2020		2019		2018 or earlier		Revolving		Total
Secured loans at banks:
AAA-BBB	¥	104,543	¥	152,888	¥	5,960	¥	8,050	¥	14,817	¥	16,047	¥	—	¥	302,305
BB-CCC		117,680		199,696		—		1,642		415		2,395		—		321,828
CC-D		—		—		—		—		—		—		—		—
Others(1)		55,842		45,404		—		—		—		—		—		101,246
Total secured loans at banks	¥	278,065	¥	397,988	¥	5,960	¥	9,692	¥	15,232	¥	18,442	¥	—	¥	725,379
Unsecured loans at banks:
AAA-BBB	¥	4,673	¥	9,297	¥	9,169	¥	9,513	¥	11,036	¥	25,806	¥	—	¥	69,494
BB-CCC		—		—		1,000		3,370		1,692		1,660		—		7,722
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured loans at banks	¥	4,673	¥	9,297	¥	10,169	¥	12,883	¥	12,728	¥	27,466	¥	—	¥	77,216
Short-term secured margin loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		217,767		2,081		—		—		—		—		237,425		457,273
Total short-term secured margin loans	¥	217,767	¥	2,081	¥	—	¥	—	¥	—	¥	—	¥	237,425	¥	457,273
Unsecured inter-bank money market loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured inter-bank money market loans	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
Secured corporate loans:
AAA-BBB	¥	9,132	¥	433,330	¥	184,579	¥	169,393	¥	20,423	¥	—	¥	10,392	¥	827,249
BB-CCC		598		8,242		7,322		14,954		23,811		20,791		69,260		144,978
CC-D		—		—		—		—		—		—		—		—
Others(1)		1,550		458		—		—		2		—		119		2,129
Total secured corporate loans	¥	11,280	¥	442,030	¥	191,901	¥	184,347	¥	44,236	¥	20,791	¥	79,771	¥	974,356

	Millions of yen
	March 31, 2023
	2023		2022		2021		2020		2019		2018 or earlier		Revolving		Total
Unsecured corporate loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		2,184		—		—		2,184
Others		200		3		472		166		—		126,488		—		127,329
Total unsecured corporate loans	¥	200	¥	3	¥	472	¥	166	¥	2,184	¥	126,488	¥	—	¥	129,513
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	¥	511,985	¥	854,399	¥	209,502	¥	207,088	¥	74,380	¥	193,187	¥	317,196	¥	2,367,737

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

	Millions of yen
	September 30, 2023
	2023		2022		2021		2020		2019		2018 or earlier		Revolving		Total
Secured loans at banks:
AAA-BBB	¥	220,003	¥	83,534	¥	5,810	¥	4,100	¥	14,962	¥	14,347	¥	—	¥	342,756
BB-CCC		241,935		64,946		—		1,718		—		1,935		—		310,534
CC-D		—		—		—		—		—		—		—		—
Others(1)		115,596		—		—		—		—		—		—		115,596
Total secured loans at banks	¥	577,534	¥	148,480	¥	5,810	¥	5,818	¥	14,962	¥	16,282	¥	—	¥	768,886
Unsecured loans at banks:
AAA-BBB	¥	10,867	¥	3,928	¥	8,774	¥	9,264	¥	10,734	¥	22,032	¥	—	¥	65,599
BB-CCC		1,556		—		1,000		733		2,233		700		—		6,222
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured loans at banks	¥	12,423	¥	3,928	¥	9,774	¥	9,997	¥	12,967	¥	22,732	¥	—	¥	71,821
Short-term secured margin loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others(1)		255,763		2,067		—		—		—		—		284,196		542,026
Total short-term secured margin loans	¥	255,763	¥	2,067	¥	—	¥	—	¥	—	¥	—	¥	284,196	¥	542,026
Unsecured inter-bank money market loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total unsecured inter-bank money market loans	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
Secured corporate loans:
AAA-BBB	¥	190,714	¥	177,565	¥	70,811	¥	137,399	¥	28,391	¥	13,313	¥	501,982	¥	1,120,175
BB-CCC		10,308		10,886		4,829		22,475		7,891		1,605		104,329		162,323
CC-D		—		—		—		—		—		—		—		—
Others(1)		4,342		—		—		—		1,176		—		451		5,969
Total secured corporate loans	¥	205,364	¥	188,451	¥	75,640	¥	159,874	¥	37,458	¥	14,918	¥	606,762	¥	1,288,467

	Millions of yen
	September 30, 2023
	2023		2022		2021		2020		2019		2018 or earlier		Revolving		Total
Unsecured corporate loans:
AAA-BBB	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—	¥	—
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		2,450		—		—		2,450
Others		340		—		530		187		—		141,881		—		142,938
Total unsecured corporate loans	¥	340	¥	—	¥	530	¥	187	¥	2,450	¥	141,881	¥	—	¥	145,388
Advances to affiliated companies
AAA-BBB	¥	4,014	¥	3,000	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	8,014
BB-CCC		—		—		—		—		—		—		—		—
CC-D		—		—		—		—		—		—		—		—
Others		—		—		—		—		—		—		—		—
Total advances to affiliated companies	¥	4,014	¥	3,000	¥	1,000	¥	—	¥	—	¥	—	¥	—	¥	8,014
Total	¥	1,055,438	¥	345,926	¥	92,754	¥	175,876	¥	67,837	¥	195,813	¥	890,958	¥	2,824,602

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