FORM 6-K/A
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 1-15270
For the month of May 2014
NOMURA HOLDINGS, INC.
(Translation of registrant’s name into English)
9-1, Nihonbashi 1-chome
Chuo-ku, Tokyo 103-8645
Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Information furnished on this form:
The registrant hereby incorporates Exhibit 1 to this report on Form 6-K by reference (i) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-169682) of the registrant and Nomura America Finance, LLC, filed with the Securities and Exchange Commission (“SEC”) on September 30, 2010 and (ii) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-186755) of the registrant, filed with the SEC on February 20, 2013.
EXPLANATORY NOTE: The registrant furnished to the SEC a report on Form 6-K on August 30, 2013. The registrant is furnishing this Form 6-K/A in order to amend certain information in Exhibit 1 “(English Translation) Quarterly Securities Report Pursuant to the Financial Instruments and Exchange Act for the Three Months Ended June 30, 2013” furnished on Form 6-K on August 30, 2013, as shown in Exhibit 1 to this report.
As shown in Exhibit 1 to this Form 6-K/A, amended portions are indicated by “underline” and relate to the following:
Part I Corporate Information
Item 1. Information on Company and Its Subsidiaries and Affiliates
1. Selected Financial Data
Item 3. Company Information
1. Share Capital Information
(7) Voting Rights
A. Outstanding Shares
B. Treasury Stocks
Item 4. Financial Information
1. Consolidated Financial Statements
(1) Consolidated Balance Sheets (UNAUDITED)
(4) Consolidated Statements of Changes in Equity (UNAUDITED)
(5) Consolidated Statements of Cash Flows (UNAUDITED)
Notes to the Consolidated Financial Statements (UNAUDITED)
11. Earnings per share
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| NOMURA HOLDINGS, INC. | ||||
| Date: May 30, 2014 | By: | /s/ Hajime Ikeda | ||
| Hajime Ikeda | ||||
| Managing Director | ||||
| Part | I Corporate Information |
Item 1. Information on Company and Its Subsidiaries and Affiliates
1. Selected Financial Data
(Before Correction)
| Three months ended June 30, 2012 |
Three months ended June 30, 2013 |
Year ended March 31, 2013 |
||||||||||||
| Total revenue |
(Mil yen) | 439,593 | 505,270 | 2,079,943 | ||||||||||
| Net revenue |
(Mil yen) | 369,254 | 431,321 | 1,813,631 | ||||||||||
| Income before income taxes |
(Mil yen) | 19,666 | 113,219 | 237,730 | ||||||||||
| Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders |
(Mil yen) | 1,891 | 65,894 | 107,234 | ||||||||||
| Comprehensive income (loss) attributable to NHI shareholders |
(Mil yen) | (13,306 | ) | 97,479 | 194,988 | |||||||||
| Total equity |
(Mil yen) | 2,388,857 | 2,394,869 | 2,318,983 | ||||||||||
| Total assets |
(Mil yen) | 35,254,342 | 41,954,813 | 37,942,439 | ||||||||||
| Net income attributable to NHI shareholders per share—basic |
(Yen) | 0.51 | 17.78 | 29.04 | ||||||||||
| Net income attributable to NHI shareholders per share—diluted |
(Yen) | 0.50 | 17.24 | 28.37 | ||||||||||
| Total NHI shareholders’ equity as a percentage of total assets |
(%) | 6.0 | 5.6 | 6.0 | ||||||||||
| Cash flows from operating activities |
(Mil yen) | (216,125 | ) | 98,077 | 549,501 | |||||||||
| Cash flows from investing activities |
(Mil yen) | (100,607 | ) | (163,006 | ) | (160,486 | ) | |||||||
| Cash flows from financing activities |
(Mil yen) | (47,292 | ) | 441,741 | (701,623 | ) | ||||||||
| Cash and cash equivalents at end of the period |
(Mil yen) | 693,713 | 1,201,766 | 805,087 | ||||||||||
| 1 | The selected financial data of Nomura Holdings, Inc. (“Company”) and other entities in which it has a controlling financial interest (collectively referred to as “Nomura”, “we”, “our”, or “us”) are stated in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
| 2 | Taxable transactions do not include consumption taxes and local consumption taxes. |
| 3 | As the consolidated financial statements have been prepared, selected financial data on the Company are not disclosed. |
(After Correction)
| Three months ended June 30, 2012 |
Three months ended June 30, 2013 |
Year ended March 31, 2013 |
||||||||||||
| Total revenue |
(Mil yen) | 439,593 | 505,270 | 2,079,943 | ||||||||||
| Net revenue |
(Mil yen) | 369,254 | 431,321 | 1,813,631 | ||||||||||
| Income before income taxes |
(Mil yen) | 19,666 | 113,219 | 237,730 | ||||||||||
| Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders |
(Mil yen) | 1,891 | 65,894 | 107,234 | ||||||||||
| Comprehensive income (loss) attributable to NHI shareholders |
(Mil yen) | (13,306 | ) | 97,479 | 194,988 | |||||||||
| Total equity |
(Mil yen) | 2,388,857 | 2,394,858 | 2,318,983 | ||||||||||
| Total assets |
(Mil yen) | 35,254,342 | 41,954,802 | 37,942,439 | ||||||||||
| Net income attributable to NHI shareholders per share—basic |
(Yen) | 0.51 | 17.78 | 29.04 | ||||||||||
| Net income attributable to NHI shareholders per share—diluted |
(Yen) | 0.50 | 17.24 | 28.37 | ||||||||||
| Total NHI shareholders’ equity as a percentage of total assets |
(%) | 6.0 | 5.6 | 6.0 | ||||||||||
| Cash flows from operating activities |
(Mil yen) | (216,125 | ) | 98,088 | 549,501 | |||||||||
| Cash flows from investing activities |
(Mil yen) | (100,607 | ) | (163,006 | ) | (160,486 | ) | |||||||
| Cash flows from financing activities |
(Mil yen) | (47,292 | ) | 441,730 | (701,623 | ) | ||||||||
| Cash and cash equivalents at end of the period |
(Mil yen) | 693,713 | 1,201,766 | 805,087 | ||||||||||
| 1 | The selected financial data of Nomura Holdings, Inc. (“Company”) and other entities in which it has a controlling financial interest (collectively referred to as “Nomura”, “we”, “our”, or “us”) are stated in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
| 2 | Taxable transactions do not include consumption taxes and local consumption taxes. |
| 3 | As the consolidated financial statements have been prepared, selected financial data on the Company are not disclosed. |
Item 2. Operating and Financial Review
3. Operating, Financial and Cash Flows Analysis
Item 3. Company Information
1. Share Capital Information
(7) Voting Rights
A. Outstanding Shares
(Before Correction)
| As of June 30, 2013 | ||||||||||||
| Number of Shares | Number of Votes | Description | ||||||||||
| Stock without voting right |
— | — | — | |||||||||
| Stock with limited voting right (Treasury stocks, etc.) |
— | — | — | |||||||||
| Stock with limited voting right (Others) |
— | — | — | |||||||||
| Stock with full voting right (Treasury stocks, etc.) |
(Treasury Stocks | ) | — | — | ||||||||
|
|
Common stock 119,704,500 (Crossholding Stocks |
) |
— | — | ||||||||
| Common stock 4,105,000 | ||||||||||||
| Stock with full voting right (Others) |
Common stock 3,696,949,900 | 36,969,499 | — | |||||||||
| Shares less than 1 unit |
Common stock 1,803,201 | — |
|
Shares less than 1 unit (100 shares) |
| |||||||
|
|
|
|
|
|
|
|||||||
| Total Shares Issued |
3,822,562,601 | — | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Voting Rights of Total Shareholders |
— | 36,969,499 | — | |||||||||
|
|
|
|
|
|
|
|||||||
2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 49 shares of treasury stocks are included in “Shares less than 1 unit.”
(After Correction)
| As of June 30, 2013 | ||||||||||||
| Number of Shares | Number of Votes | Description | ||||||||||
| Stock without voting right |
— | — | — | |||||||||
| Stock with limited voting right (Treasury stocks, etc.) |
— | — | — | |||||||||
| Stock with limited voting right (Others) |
— | — | — | |||||||||
| Stock with full voting right (Treasury stocks, etc.) |
(Treasury Stocks | ) | — | — | ||||||||
|
|
Common stock 119,704,500 (Crossholding Stocks |
) |
— | — | ||||||||
| Common stock 4,120,900 | ||||||||||||
| Stock with full voting right (Others) |
Common stock 3,696,934,000 | 36,969,340 | — | |||||||||
| Shares less than 1 unit |
Common stock 1,803,201 | — |
|
Shares less than 1 unit (100 shares) |
| |||||||
|
|
|
|
|
|
|
|||||||
| Total Shares Issued |
3,822,562,601 | — | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Voting Rights of Total Shareholders |
— | 36,969,340 | — | |||||||||
|
|
|
|
|
|
|
|||||||
2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 49 shares of treasury stocks are included in “Shares less than 1 unit.”
B. Treasury Stocks
(Before Correction)
| As of June 30, 2013 | ||||||||||||||||||
| Name |
Address | Directly held shares |
Indirectly held shares |
Total | Percentage of Issued Shares (%) |
|||||||||||||
| (Treasury Stocks) |
||||||||||||||||||
| Nomura Holdings, Inc. |
1-9-1, Nihonbashi, Chuo-Ku, Tokyo, Japan |
119,704,500 | — | 119,704,500 | 3.13 | |||||||||||||
| (Crossholding Stocks) |
||||||||||||||||||
| JAFCO Co., Ltd. |
1-5-1, Otemachi, Chiyoda-ku, Tokyo, Japan |
2,000,000 | — | 2,000,000 | 0.05 | |||||||||||||
| Nomura Research Institute, Ltd. |
1-6-5, Marunouchi, Chiyoda-Ku, Tokyo, Japan |
1,000,000 | — | 1,000,000 | 0.03 | |||||||||||||
| Nomura Real Estate Development Co., Ltd. |
1-26-2, Nishi Shinjuku, Shinjuku-Ku, Tokyo, Japan |
1,000,000 | — | 1,000,000 | 0.03 | |||||||||||||
| Takagi Securities Co., Ltd. |
1-3-1-400, Umeda, Kita-Ku, Osaka-Shi, Osaka, Japan |
100,000 | — | 100,000 | 0.00 | |||||||||||||
| Nomura Japan Corporation. |
2-1-3 Nihonbashi Horidomecho, Chuo-Ku, Tokyo, Japan |
5,000 | — | 5,000 | 0.00 | |||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
123,809,500 | — | 123,809,500 | 3.24 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
(After Correction)
| As of June 30, 2013 | ||||||||||||||||||
| Name |
Address | Directly held shares |
Indirectly held shares |
Total | Percentage of Issued Shares (%) |
|||||||||||||
| (Treasury Stocks) |
||||||||||||||||||
| Nomura Holdings, Inc. |
1-9-1, Nihonbashi, Chuo-Ku, Tokyo, Japan |
119,704,500 | — | 119,704,500 | 3.13 | |||||||||||||
| (Crossholding Stocks) |
||||||||||||||||||
| JAFCO Co., Ltd. |
1-5-1, Otemachi, Chiyoda-ku, Tokyo, Japan |
2,000,000 | — | 2,000,000 | 0.05 | |||||||||||||
| Nomura Research Institute, Ltd. |
1-6-5, Marunouchi, Chiyoda-Ku, Tokyo, Japan |
1,000,000 | — | 1,000,000 | 0.03 | |||||||||||||
| Nomura Real Estate Development Co., Ltd. |
1-26-2, Nishi Shinjuku, Shinjuku-Ku, Tokyo, Japan |
1,000,000 | — | 1,000,000 | 0.03 | |||||||||||||
| Takagi Securities Co., Ltd. |
1-3-1-400, Umeda, Kita-Ku, Osaka-Shi, Osaka, Japan |
100,000 | — | 100,000 | 0.00 | |||||||||||||
| Nomura International plc |
1 Angel Lane, London, United Kingdom |
15,900 | — | 15,900 | 0.00 | |||||||||||||
| Nomura Japan Corporation. |
2-1-3 Nihonbashi Horidomecho, Chuo-Ku, Tokyo, Japan |
5,000 | — | 5,000 | 0.00 | |||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
123,825,400 | — | 123,825,400 | 3.24 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
Item 4. Financial Information
1. Consolidated Financial Statements
(1) Consolidated Balance Sheets (UNAUDITED)
(Before Correction)
| Notes | Millions of yen | |||||||||||
| March 31, 2013 |
June 30, 2013 |
|||||||||||
| ASSETS | ||||||||||||
| Cash and cash deposits: |
||||||||||||
| Cash and cash equivalents |
¥ | 805,087 | ¥ | 1,201,766 | ||||||||
| Time deposits |
577,921 | 642,909 | ||||||||||
| Deposits with stock exchanges and other segregated cash |
269,744 | 331,753 | ||||||||||
|
|
|
|
|
|||||||||
| Total cash and cash deposits |
1,652,752 | 2,176,428 | ||||||||||
|
|
|
|
|
|||||||||
| Loans and receivables: |
||||||||||||
| Loans receivable (including ¥524,049 million and ¥237,764 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 7 | 1,575,494 | 1,338,404 | |||||||||
| Receivables from customers |
63,792 | 59,771 | ||||||||||
| Receivables from other than customers |
992,847 | 807,501 | ||||||||||
| Allowance for doubtful accounts |
*7 | (2,258 | ) | (3,445 | ) | |||||||
|
|
|
|
|
|||||||||
| Total loans and receivables |
2,629,875 | 2,202,231 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized agreements: |
||||||||||||
| Securities purchased under agreements to resell (including ¥997,788 million and ¥1,189,063 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 8,295,372 | 10,120,178 | |||||||||
| Securities borrowed |
5,819,885 | 6,609,875 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized agreements |
14,115,257 | 16,730,053 | ||||||||||
|
|
|
|
|
|||||||||
| Trading assets and private equity investments: |
||||||||||||
| Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥7,064,344 million as of March 31, 2013 and June 30, 2013, respectively; including ¥19,970 million and ¥20,737 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 3 | 17,037,191 | 18,107,486 | |||||||||
| Private equity investments (including ¥44,134 million and ¥43,791 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 87,158 | 88,444 | |||||||||
|
|
|
|
|
|||||||||
| Total trading assets and private equity investments |
17,124,349 | 18,195,930 | ||||||||||
|
|
|
|
|
|||||||||
| Other assets: |
||||||||||||
| Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥366,580 million as of June 30, 2013) |
428,241 | 434,256 | ||||||||||
| Non-trading debt securities |
*2, 5 | 920,611 | 1,074,987 | |||||||||
| Investments in equity securities |
*2 | 123,490 | 130,679 | |||||||||
| Investments in and advances to affiliated companies |
*7 | 345,705 | 352,847 | |||||||||
| Other (including ¥1,632 million and ¥1,545 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 5, 10 | 602,159 | 657,402 | |||||||||
|
|
|
|
|
|||||||||
| Total other assets |
2,420,206 | 2,650,171 | ||||||||||
|
|
|
|
|
|||||||||
| Total assets |
¥ | 37,942,439 | ¥ | 41,954,813 | ||||||||
|
|
|
|
|
|||||||||
(1) Consolidated Balance Sheets—(Continued) (UNAUDITED)
| Millions of yen | ||||||||||||
| Notes | March 31, 2013 |
June 30, 2013 |
||||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Short-term borrowings (including ¥77,036 million and ¥65,442 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | ¥ | 738,445 | ¥ | 973,036 | |||||||
| Payables and deposits: |
||||||||||||
| Payables to customers |
476,705 | 630,631 | ||||||||||
| Payables to other than customers |
864,962 | 1,487,597 | ||||||||||
| Deposits received at banks |
1,072,134 | 1,275,199 | ||||||||||
|
|
|
|
|
|||||||||
| Total payables and deposits |
2,413,801 | 3,393,427 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized financing: |
||||||||||||
| Securities sold under agreements to repurchase (including ¥264,767 million and ¥404,395 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 12,444,317 | 13,725,503 | |||||||||
| Securities loaned |
2,158,559 | 2,340,133 | ||||||||||
| Other secured borrowings |
806,507 | 842,258 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized financing |
15,409,383 | 16,907,894 | ||||||||||
|
|
|
|
|
|||||||||
| Trading liabilities |
*2, 3 | 8,491,296 | 9,670,942 | |||||||||
| Other liabilities (including ¥2,360 million and ¥2,299 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 10 | 978,163 | 919,705 | |||||||||
| Long-term borrowings (including ¥1,664,536 million and ¥1,688,262 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 7,592,368 | 7,694,940 | |||||||||
|
|
|
|
|
|||||||||
| Total liabilities |
35,623,456 | 39,559,944 | ||||||||||
|
|
|
|
|
|||||||||
| Commitments and contingencies |
*16 | |||||||||||
| Equity: |
||||||||||||
| Nomura Holdings, Inc. (“NHI”) shareholders’ equity: |
||||||||||||
| Common stock |
||||||||||||
| No par value share |
||||||||||||
| Authorized—6,000,000,000 shares as of March 31, 2013 and June 30, 2013 Issued—3,822,562,601 shares as of March 31, 2013 and June 30, 2013 Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,701,613,271 shares as of June 30, 2013 |
594,493 | 594,493 | ||||||||||
| Additional paid-in capital |
691,264 | 680,857 | ||||||||||
| Retained earnings |
1,136,523 | 1,202,417 | ||||||||||
| Accumulated other comprehensive income (loss) |
*15 | (57,395 | ) | (25,810 | ) | |||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity before treasury stock |
2,364,885 | 2,451,957 | ||||||||||
| Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 120,949,330 shares as of June 30, 2013 |
(70,514 | ) | (82,950 | ) | ||||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity |
2,294,371 | 2,369,007 | ||||||||||
|
|
|
|
|
|||||||||
| Noncontrolling interests |
24,612 | 25,862 | ||||||||||
| Total equity |
2,318,983 | 2,394,869 | ||||||||||
|
|
|
|
|
|||||||||
| Total liabilities and equity |
¥ | 37,942,439 | ¥ | 41,954,813 | ||||||||
|
|
|
|
|
|||||||||
(After Correction)
| Millions of yen | ||||||||||||
| Notes | March 31, 2013 |
June 30, 2013 |
||||||||||
| ASSETS | ||||||||||||
| Cash and cash deposits: |
||||||||||||
| Cash and cash equivalents |
¥ | 805,087 | ¥ | 1,201,766 | ||||||||
| Time deposits |
577,921 | 642,909 | ||||||||||
| Deposits with stock exchanges and other segregated cash |
269,744 | 331,753 | ||||||||||
|
|
|
|
|
|||||||||
| Total cash and cash deposits |
1,652,752 | 2,176,428 | ||||||||||
|
|
|
|
|
|||||||||
| Loans and receivables: |
||||||||||||
| Loans receivable (including ¥524,049 million and ¥237,764 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 7 | 1,575,494 | 1,338,404 | |||||||||
| Receivables from customers |
63,792 | 59,771 | ||||||||||
| Receivables from other than customers |
992,847 | 807,501 | ||||||||||
| Allowance for doubtful accounts |
*7 | (2,258 | ) | (3,445 | ) | |||||||
|
|
|
|
|
|||||||||
| Total loans and receivables |
2,629,875 | 2,202,231 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized agreements: |
||||||||||||
| Securities purchased under agreements to resell (including ¥997,788 million and ¥1,189,063 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 8,295,372 | 10,120,178 | |||||||||
| Securities borrowed |
5,819,885 | 6,609,875 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized agreements |
14,115,257 | 16,730,053 | ||||||||||
|
|
|
|
|
|||||||||
| Trading assets and private equity investments: |
||||||||||||
| Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥7,064,344 million as of March 31, 2013 and June 30, 2013, respectively; including ¥19,970 million and ¥20,737 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 3 | 17,037,191 | 18,107,475 | |||||||||
| Private equity investments (including ¥44,134 million and ¥43,791 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 87,158 | 88,444 | |||||||||
|
|
|
|
|
|||||||||
| Total trading assets and private equity investments |
17,124,349 | 18,195,919 | ||||||||||
|
|
|
|
|
|||||||||
| Other assets: |
||||||||||||
| Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥366,580 million as of June 30, 2013) |
428,241 | 434,256 | ||||||||||
| Non-trading debt securities |
*2, 5 | 920,611 | 1,074,987 | |||||||||
| Investments in equity securities |
*2 | 123,490 | 130,679 | |||||||||
| Investments in and advances to affiliated companies |
*7 | 345,705 | 352,847 | |||||||||
| Other (including ¥1,632 million and ¥1,545 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 5, 10 | 602,159 | 657,402 | |||||||||
|
|
|
|
|
|||||||||
| Total other assets |
2,420,206 | 2,650,171 | ||||||||||
|
|
|
|
|
|||||||||
| Total assets |
¥ | 37,942,439 | ¥ | 41,954,802 | ||||||||
|
|
|
|
|
|||||||||
| Millions of yen | ||||||||||||
| Notes | March 31, 2013 |
June 30, 2013 |
||||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Short-term borrowings (including ¥77,036 million and ¥65,442 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | ¥ | 738,445 | ¥ | 973,036 | |||||||
| Payables and deposits: |
||||||||||||
| Payables to customers |
476,705 | 630,631 | ||||||||||
| Payables to other than customers |
864,962 | 1,487,597 | ||||||||||
| Deposits received at banks |
1,072,134 | 1,275,199 | ||||||||||
|
|
|
|
|
|||||||||
| Total payables and deposits |
2,413,801 | 3,393,427 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized financing: |
||||||||||||
| Securities sold under agreements to repurchase (including ¥264,767 million and ¥404,395 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 12,444,317 | 13,725,503 | |||||||||
| Securities loaned |
2,158,559 | 2,340,133 | ||||||||||
| Other secured borrowings |
806,507 | 842,258 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized financing |
15,409,383 | 16,907,894 | ||||||||||
|
|
|
|
|
|||||||||
| Trading liabilities |
*2, 3 | 8,491,296 | 9,670,942 | |||||||||
| Other liabilities (including ¥2,360 million and ¥2,299 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2, 10 | 978,163 | 919,705 | |||||||||
| Long-term borrowings (including ¥1,664,536 million and ¥1,688,262 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively) |
*2 | 7,592,368 | 7,694,940 | |||||||||
|
|
|
|
|
|||||||||
| Total liabilities |
35,623,456 | 39,559,944 | ||||||||||
|
|
|
|
|
|||||||||
| Commitments and contingencies |
*16 | |||||||||||
| Equity: |
||||||||||||
| Nomura Holdings, Inc. (“NHI”) shareholders’ equity: |
||||||||||||
| Common stock |
||||||||||||
| No par value share |
||||||||||||
| Authorized—6,000,000,000 shares as of March 31, 2013 and June 30, 2013 Issued—3,822,562,601 shares as of March 31, 2013 and June 30, 2013 Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,701,597,371 shares as of June 30, 2013 |
594,493 | 594,493 | ||||||||||
| Additional paid-in capital |
691,264 | 680,857 | ||||||||||
| Retained earnings |
1,136,523 | 1,202,417 | ||||||||||
| Accumulated other comprehensive income (loss) |
*15 | (57,395 | ) | (25,810 | ) | |||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity before treasury stock |
2,364,885 | 2,451,957 | ||||||||||
| Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 120,965,230 shares as of June 30, 2013 |
(70,514 | ) | (82,961 | ) | ||||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity |
2,294,371 | 2,368,996 | ||||||||||
|
|
|
|
|
|||||||||
| Noncontrolling interests |
24,612 | 25,862 | ||||||||||
| Total equity |
2,318,983 | 2,394,858 | ||||||||||
|
|
|
|
|
|||||||||
| Total liabilities and equity |
¥ | 37,942,439 | ¥ | 41,954,802 | ||||||||
|
|
|
|
|
|||||||||
(4) Consolidated Statements of Changes in Equity (UNAUDITED)
(Before Correction)
| Millions of yen | ||||||||
| Three months ended June 30 | ||||||||
| 2012 | 2013 | |||||||
| Common stock |
||||||||
| Balance at beginning of year |
¥ | 594,493 | ¥ | 594,493 | ||||
|
|
|
|
|
|||||
| Balance at end of period |
594,493 | 594,493 | ||||||
|
|
|
|
|
|||||
| Additional paid-in capital |
||||||||
| Balance at beginning of year |
698,771 | 691,264 | ||||||
| Gain (loss) on sales of treasury stock |
(515 | ) | (4,315 | ) | ||||
| Issuance and exercise of common stock options |
(9,126 | ) | (6,092 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
689,130 | 680,857 | ||||||
|
|
|
|
|
|||||
| Retained earnings |
||||||||
| Balance at beginning of year |
1,058,945 | 1,136,523 | ||||||
| Net income attributable to NHI shareholders |
1,891 | 65,894 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
1,060,836 | 1,202,417 | ||||||
|
|
|
|
|
|||||
| Accumulated other comprehensive income (loss) |
||||||||
| Cumulative translation adjustments |
||||||||
| Balance at beginning of year |
(110,652 | ) | (38,875 | ) | ||||
| Net change during the period |
(17,156 | ) | 32,343 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(127,808 | ) | (6,532 | ) | ||||
|
|
|
|
|
|||||
| Defined benefit pension plans |
||||||||
| Balance at beginning of year |
(35,132 | ) | (28,518 | ) | ||||
| Pension liability adjustment |
2,818 | 1,024 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
(32,314 | ) | (27,494 | ) | ||||
|
|
|
|
|
|||||
| Non-trading securities |
||||||||
| Balance at beginning of year |
635 | 9,998 | ||||||
| Net unrealized gain (loss) on non-trading securities |
(859 | ) | (1,782 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
(224 | ) | 8,216 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(160,346 | ) | (25,810 | ) | ||||
|
|
|
|
|
|||||
| Common stock held in treasury |
||||||||
| Balance at beginning of year |
(99,819 | ) | (70,514 | ) | ||||
| Repurchases of common stock |
(1 | ) | (32,476 | ) | ||||
| Sales of common stock |
0 | 0 | ||||||
| Common stock issued to employees |
15,623 | 19,373 | ||||||
| Other net change in treasury stock |
(193 | ) | 667 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(84,390 | ) | (82,950 | ) | ||||
|
|
|
|
|
|||||
| Total NHI shareholders’ equity |
||||||||
| Balance at end of period |
2,099,723 | 2,369,007 | ||||||
|
|
|
|
|
|||||
| Noncontrolling interests |
||||||||
| Balance at beginning of year |
281,896 | 24,612 | ||||||
| Cash dividends |
(15 | ) | — | |||||
| Net income attributable to noncontrolling interests |
4,185 | 369 | ||||||
| Accumulated other comprehensive income (loss) attributable to noncontrolling interests |
(599 | ) | 51 | |||||
| Other net change in noncontrolling interests |
3,667 | 830 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
289,134 | 25,862 | ||||||
|
|
|
|
|
|||||
| Total equity |
||||||||
| Balance at end of period |
¥ | 2,388,857 | ¥ | 2,394,869 | ||||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Three months ended June 30 | ||||||||
| 2012 | 2013 | |||||||
| Common stock |
||||||||
| Balance at beginning of year |
¥ | 594,493 | ¥ | 594,493 | ||||
|
|
|
|
|
|||||
| Balance at end of period |
594,493 | 594,493 | ||||||
|
|
|
|
|
|||||
| Additional paid-in capital |
||||||||
| Balance at beginning of year |
698,771 | 691,264 | ||||||
| Gain (loss) on sales of treasury stock |
(515 | ) | (4,315 | ) | ||||
| Issuance and exercise of common stock options |
(9,126 | ) | (6,092 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
689,130 | 680,857 | ||||||
|
|
|
|
|
|||||
| Retained earnings |
||||||||
| Balance at beginning of year |
1,058,945 | 1,136,523 | ||||||
| Net income attributable to NHI shareholders |
1,891 | 65,894 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
1,060,836 | 1,202,417 | ||||||
|
|
|
|
|
|||||
| Accumulated other comprehensive income (loss) |
||||||||
| Cumulative translation adjustments |
||||||||
| Balance at beginning of year |
(110,652 | ) | (38,875 | ) | ||||
| Net change during the period |
(17,156 | ) | 32,343 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(127,808 | ) | (6,532 | ) | ||||
|
|
|
|
|
|||||
| Defined benefit pension plans |
||||||||
| Balance at beginning of year |
(35,132 | ) | (28,518 | ) | ||||
| Pension liability adjustment |
2,818 | 1,024 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
(32,314 | ) | (27,494 | ) | ||||
|
|
|
|
|
|||||
| Non-trading securities |
||||||||
| Balance at beginning of year |
635 | 9,998 | ||||||
| Net unrealized gain (loss) on non-trading securities |
(859 | ) | (1,782 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
(224 | ) | 8,216 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(160,346 | ) | (25,810 | ) | ||||
|
|
|
|
|
|||||
| Common stock held in treasury |
||||||||
| Balance at beginning of year |
(99,819 | ) | (70,514 | ) | ||||
| Repurchases of common stock |
(1 | ) | (32,487 | ) | ||||
| Sales of common stock |
0 | 0 | ||||||
| Common stock issued to employees |
15,623 | 19,373 | ||||||
| Other net change in treasury stock |
(193 | ) | 667 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(84,390 | ) | (82,961 | ) | ||||
|
|
|
|
|
|||||
| Total NHI shareholders’ equity |
||||||||
| Balance at end of period |
2,099,723 | 2,368,996 | ||||||
|
|
|
|
|
|||||
| Noncontrolling interests |
||||||||
| Balance at beginning of year |
281,896 | 24,612 | ||||||
| Cash dividends |
(15 | ) | — | |||||
| Net income attributable to noncontrolling interests |
4,185 | 369 | ||||||
| Accumulated other comprehensive income (loss) attributable to noncontrolling interests |
(599 | ) | 51 | |||||
| Other net change in noncontrolling interests |
3,667 | 830 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
289,134 | 25,862 | ||||||
|
|
|
|
|
|||||
| Total equity |
||||||||
| Balance at end of period |
¥ | 2,388,857 | ¥ | 2,394,858 | ||||
|
|
|
|
|
|||||
(5) Consolidated Statements of Cash Flows (UNAUDITED)
(Before Correction)
| Millions of yen | ||||||||
| Three months ended June 30 | ||||||||
| 2012 | 2013 | |||||||
| Cash flows from operating activities: |
||||||||
| Net income |
¥ | 6,076 | ¥ | 66,263 | ||||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |
||||||||
| Depreciation and amortization |
22,851 | 20,472 | ||||||
| (Gain) loss on investments in equity securities |
7,061 | (7,852 | ) | |||||
| Deferred income taxes |
9,681 | 5,215 | ||||||
| Changes in operating assets and liabilities: |
||||||||
| Time deposits |
88,826 | (33,982 | ) | |||||
| Deposits with stock exchanges and other segregated cash |
58,816 | (50,272 | ) | |||||
| Trading assets and private equity investments |
(1,327,494 | ) | (434,781 | ) | ||||
| Trading liabilities |
(915,724 | ) | 872,424 | |||||
| Securities purchased under agreements to resell, net of securities sold under agreements to repurchase |
533,669 | (738,964 | ) | |||||
| Securities borrowed, net of securities loaned |
1,437,400 | (552,350 | ) | |||||
| Other secured borrowings |
(21,696 | ) | 35,751 | |||||
| Loans and receivables, net of allowance for doubtful accounts |
46,034 | 492,990 | ||||||
| Payables |
(134,057 | ) | 752,743 | |||||
| Bonus accrual |
(73,311 | ) | (70,896 | ) | ||||
| Accrued income taxes, net |
(16,037 | ) | (45,196 | ) | ||||
| Other, net |
61,780 | (213,488 | ) | |||||
|
|
|
|
|
|||||
| Net cash provided by (used in) operating activities |
(216,125 | ) | 98,077 | |||||
|
|
|
|
|
|||||
| Cash flows from investing activities: |
||||||||
| Payments for purchases of office buildings, land, equipment and facilities |
(55,987 | ) | (65,317 | ) | ||||
| Proceeds from sales of office buildings, land, equipment and facilities |
19,078 | 51,787 | ||||||
| Payments for purchases of investments in equity securities |
(70 | ) | — | |||||
| Proceeds from sales of investments in equity securities |
90 | 2,235 | ||||||
| Decrease (increase) in loans receivable at banks, net |
(17,450 | ) | 12,641 | |||||
| Increase in non-trading debt securities, net |
(45,875 | ) | (164,436 | ) | ||||
| Other, net |
(393 | ) | 84 | |||||
|
|
|
|
|
|||||
| Net cash used in investing activities |
(100,607 | ) | (163,006 | ) | ||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Increase in long-term borrowings |
406,986 | 583,418 | ||||||
| Decrease in long-term borrowings |
(515,302 | ) | (492,504 | ) | ||||
| Increase in short-term borrowings, net |
65,359 | 230,784 | ||||||
| Increase in deposits received at banks, net |
2,975 | 174,595 | ||||||
| Proceeds from sales of common stock held in treasury |
25 | 209 | ||||||
| Payments for repurchases of common stock held in treasury |
(1 | ) | (32,476 | ) | ||||
| Payments for cash dividends |
(7,334 | ) | (22,285 | ) | ||||
|
|
|
|
|
|||||
| Net cash provided by (used in) financing activities |
(47,292 | ) | 441,741 | |||||
|
|
|
|
|
|||||
| Effect of exchange rate changes on cash and cash equivalents |
(12,783 | ) | 19,867 | |||||
|
|
|
|
|
|||||
| Net increase (decrease) in cash and cash equivalents |
(376,807 | ) | 396,679 | |||||
| Cash and cash equivalents at beginning of year |
1,070,520 | 805,087 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at end of period |
¥ | 693,713 | ¥ | 1,201,766 | ||||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Three months ended June 30 | ||||||||
| 2012 | 2013 | |||||||
| Cash flows from operating activities: |
||||||||
| Net income |
¥ | 6,076 | ¥ | 66,263 | ||||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |
||||||||
| Depreciation and amortization |
22,851 | 20,472 | ||||||
| (Gain) loss on investments in equity securities |
7,061 | (7,852 | ) | |||||
| Deferred income taxes |
9,681 | 5,215 | ||||||
| Changes in operating assets and liabilities: |
||||||||
| Time deposits |
88,826 | (33,982 | ) | |||||
| Deposits with stock exchanges and other segregated cash |
58,816 | (50,272 | ) | |||||
| Trading assets and private equity investments |
(1,327,494 | ) | (434,770 | ) | ||||
| Trading liabilities |
(915,724 | ) | 872,424 | |||||
| Securities purchased under agreements to resell, net of securities sold under agreements to repurchase |
533,669 | (738,964 | ) | |||||
| Securities borrowed, net of securities loaned |
1,437,400 | (552,350 | ) | |||||
| Other secured borrowings |
(21,696 | ) | 35,751 | |||||
| Loans and receivables, net of allowance for doubtful accounts |
46,034 | 492,990 | ||||||
| Payables |
(134,057 | ) | 752,743 | |||||
| Bonus accrual |
(73,311 | ) | (70,896 | ) | ||||
| Accrued income taxes, net |
(16,037 | ) | (45,196 | ) | ||||
| Other, net |
61,780 | (213,488 | ) | |||||
|
|
|
|
|
|||||
| Net cash provided by (used in) operating activities |
(216,125 | ) | 98,088 | |||||
|
|
|
|
|
|||||
| Cash flows from investing activities: |
||||||||
| Payments for purchases of office buildings, land, equipment and facilities |
(55,987 | ) | (65,317 | ) | ||||
| Proceeds from sales of office buildings, land, equipment and facilities |
19,078 | 51,787 | ||||||
| Payments for purchases of investments in equity securities |
(70 | ) | — | |||||
| Proceeds from sales of investments in equity securities |
90 | 2,235 | ||||||
| Decrease (increase) in loans receivable at banks, net |
(17,450 | ) | 12,641 | |||||
| Increase in non-trading debt securities, net |
(45,875 | ) | (164,436 | ) | ||||
| Other, net |
(393 | ) | 84 | |||||
|
|
|
|
|
|||||
| Net cash used in investing activities |
(100,607 | ) | (163,006 | ) | ||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Increase in long-term borrowings |
406,986 | 583,418 | ||||||
| Decrease in long-term borrowings |
(515,302 | ) | (492,504 | ) | ||||
| Increase in short-term borrowings, net |
65,359 | 230,784 | ||||||
| Increase in deposits received at banks, net |
2,975 | 174,595 | ||||||
| Proceeds from sales of common stock held in treasury |
25 | 209 | ||||||
| Payments for repurchases of common stock held in treasury |
(1 | ) | (32,487 | ) | ||||
| Payments for cash dividends |
(7,334 | ) | (22,285 | ) | ||||
|
|
|
|
|
|||||
| Net cash provided by (used in) financing activities |
(47,292 | ) | 441,730 | |||||
|
|
|
|
|
|||||
| Effect of exchange rate changes on cash and cash equivalents |
(12,783 | ) | 19,867 | |||||
|
|
|
|
|
|||||
| Net increase (decrease) in cash and cash equivalents |
(376,807 | ) | 396,679 | |||||
| Cash and cash equivalents at beginning of year |
1,070,520 | 805,087 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at end of period |
¥ | 693,713 | ¥ | 1,201,766 | ||||
|
|
|
|
|
|||||
Notes to the Consolidated Financial Statements (UNAUDITED)
11. Earnings per share:
(Before Correction)
A reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) is as follows:
| Millions of yen except per share data presented in yen |
||||||||
| Three months ended June 30 | ||||||||
| 2012 | 2013 | |||||||
| Basic— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 1,891 | ¥ | 65,894 | ||||
| Weighted average number of shares outstanding |
3,674,586,163 | 3,705,893,380 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.51 | ¥ | 17.78 | ||||
|
|
|
|
|
|||||
| Diluted— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 1,881 | ¥ | 65,875 | ||||
| Weighted average number of shares outstanding |
3,737,346,969 | 3,821,844,966 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.50 | ¥ | 17.24 | ||||
|
|
|
|
|
|||||
(After Correction)
A reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) is as follows:
| Millions of yen except per share data presented in yen |
||||||||
| Three months ended June 30 | ||||||||
| 2012 | 2013 | |||||||
| Basic— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 1,891 | ¥ | 65,894 | ||||
| Weighted average number of shares outstanding |
3,674,586,163 | 3,705,889,405 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.51 | ¥ | 17.78 | ||||
|
|
|
|
|
|||||
| Diluted— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 1,881 | ¥ | 65,874 | ||||
| Weighted average number of shares outstanding |
3,737,346,969 | 3,821,840,991 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.50 | ¥ | 17.24 | ||||
|
|
|
|
|
|||||