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CONSOLIDATED STATEMENTS OF CASH FLOWS - JPY (¥)
¥ in Millions
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net income ¥ 91,676 ¥ 146,533 ¥ 160,397
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 61,424 59,524 63,846
Provision for credit losses (4,047) 8,749 38,303
Stock-based compensation 35,216 27,941 28,251
(Gain) loss on investments in equity securities 1,426 (5,446) (14,053)
(Gain) loss on investments in subsidiaries and affiliates (23,889) (79,396) 45,086
Equity in earnings of affiliates, net of dividends received (34,127) (20,235) (15,716)
(Gain) loss on disposal of office buildings, land, equipment and facilities 344 (3,490) (64,730)
Deferred income taxes 6,137 3,106 (21,113)
Changes in operating assets and liabilities:      
Deposits with stock exchanges and other segregated cash 170,632 (18,408) 13,878
Trading assets and private equity and debt investments (1,623,037) 1,229,557 1,441,539
Trading liabilities 467,257 (284,747) 777,741
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase (590,424) (2,220,493) (1,453,871)
Securities borrowed, net of securities loaned 834,438 595,116 (1,242,489)
Margin loans and receivables 472,811 111,468 936,346
Payables (139,417) (247,980) (33,994)
Bonus accrual (3,319) (1,865) 15,840
Accrued income taxes, net (42,603) (37,639) 55,712
Other, net (375,318) (125,127) (63,363)
Net cash provided by (used in) operating activities (694,820) (862,832) 667,610
Cash flows from investing activities:      
Payments for placements of time deposits (344,117) (227,644) (239,980)
Proceeds from redemption or maturity of time deposits 284,705 199,475 283,650
Payments for purchases of office buildings, land, equipment and facilities (171,165) (111,331) (119,875)
Proceeds from sales of office buildings, land, equipment and facilities 63,648 94,985 49,642
Payments for purchases of equity investments (4,471) (3,142) (20,115)
Proceeds from sales of equity investments 52,299 41,089 20,258
Net cash outflows from loans receivable at banks (84,362) (110,811) (83,122)
Payments for purchases or origination of other non-trading loans (4,702,061) (5,695,122) (3,362,619)
Proceeds from sales or repayments of other non-trading loans 4,486,651 5,172,221 3,713,333
Net cash outflows from interbank money market loans (62) (808) (355)
Payments for purchases of non-trading debt securities (45,910) (106,390) (124,614)
Proceeds from sales or maturity of non-trading debt securities 205,468 55,325 163,023
Acquisitions, net of cash acquired 0 0 (11,152)
Divestures, net of cash disposed of 16,950 0 0
Payments for purchases of investments in affiliated companies (25,119) (5,674) (12,098)
Proceeds from sales of investments in affiliated companies 43,299 109,111 1,221
Other, net (8,978) (4,466) 735
Net cash provided by (used in) investing activities (233,225) (593,182) 257,932
Cash flows from financing activities:      
Proceeds from issuances of long-term borrowings 2,208,422 3,894,613 2,063,263
Payments for repurchases or maturity of long-term borrowings (1,115,171) (2,656,233) (2,095,069)
Proceeds from issuances of short-term borrowings 2,630,083 1,743,817 2,929,762
Payments for repurchases or maturity of short-term borrowings (2,694,588) (2,164,098) (2,865,700)
Net cash inflows (outflows) from interbank money market borrowings 48,197 12,925 (311,471)
Net cash inflows (outflows) from other secured borrowings (52,915) 30,753 (335,372)
Net cash inflows from deposits received at banks 328,867 372,575 36,223
Payments for withholding taxes on stock-based compensation (9,060) (10,816) (3,856)
Proceeds from sales of common stock 4 11 215
Payments for repurchases of common stock (24,728) (39,650) (11)
Payments for cash dividends (57,262) (70,714) (76,358)
Contributions from noncontrolling interests 59,718 42,881 24,794
Distributions to noncontrolling interests (37,630) (43,346) (35,145)
Net cash provided by (used in) financing activities 1,283,937 1,112,718 (668,725)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 148,552 149,693 60,884
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 504,444 (193,603) 317,701
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 3,316,408 3,510,011 3,192,310
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 3,820,852 3,316,408 3,510,011
Cash paid during the year for—      
Interest 1,098,815 225,679 222,024
Income tax payments, net ¥ 94,263 ¥ 114,623 ¥ 35,675