Leases

6 Months Ended

Sep. 30, 2025

9. Leases:

Nomura as lessor

Nomura leases real estate and aircrafts in Japan and overseas either as head lessor or through subleases. These leases and subleases are primarily classified as operating leases. The related assets are stated at cost, net of accumulated depreciation, except for land, which is stated at cost in the consolidated balance sheets and reported within

Other assets

—

Office buildings, land, equipment and facilities.

The following table presents the types of assets which Nomura leases under operating leases as of March 31, 2025 and September 30, 2025.


	Millions of yen
	March 31, 2025							September 30, 2025
	Cost		Accumulated depreciation			Net carrying amount		Cost		Accumulated depreciation			Net carrying amount
Real estate (1)	¥	21	¥	—		¥	21	¥	3,433	¥	—		¥	3,433
Aircraft		2,757		(127	)		2,630		10,043		(77	)		9,966

Total	¥	2,778	¥	(127	)	¥	2,651	¥	13,476	¥	(77	)	¥	13,399

(1)	Cost, accumulated depreciation and net carrying amounts include amounts relating to real estate used by Nomura.

Nomura recognized lease income of ¥684 million for the six months ended September 30, 2024 and ¥237 million for the six months ended September 30, 2025. These are included in the consolidated statements of income within

Revenue

—

Other.

The following table presents an analysis of future undiscounted lease payments receivable in connection with noncancellable operating leases entered into by Nomura as lessor over the remaining lease term as of September 30, 2025. Amounts in connection with finance leases were not significant.


	Millions of yen
	September 30, 2025
	Minimum lease payments to be received
Years of receipt
Less than 1 year	¥	863
1 to 2 years		863
2 to 3 years		863
3 to 4 years		863
4 to 5 years		863
More than 5 years		3,936

Total	¥	8,251