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 Exhibits 1 and 2 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. 333-191250) of the registrant and Nomura America Finance, LLC, filed with the Securities and Exchange Commission (“SEC”) on September 19, 2013 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 November 27, 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 Six Months Ended September 30, 2013” and in Exhibit 3 “Capitalization and Indebtedness as of September 30, 2013 and Ratio of Earnings to Fixed Charges and Computation Thereof for the Six Months Ended September 30, 2013” furnished on Form 6-K on November 27, 2013, as shown in Exhibit 1 and Exhibit 2 to this report, respectively. Any information included or incorporated by reference in (i) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-191250) of the registrant and Nomura America Finance, LLC, filed with the SEC on September 19, 2013 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 (including any information incorporated by reference from the report on Form 6-K regarding our interim operating and financial review, furnished on December 20, 2013) that is inconsistent with the information furnished on this Form 6-K/A shall be deemed amended hereby as of the date hereof.
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 2. Operating and Financial Review
3. Operating, Financial and Cash Flows Analysis
(1) Operating Results
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)
(2) Consolidated Statements of Income (UNAUDITED)
(3) Consolidated Statements of Comprehensive Income (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
17. Segment and geographic information
As shown in Exhibit 2 to this Form 6-K/A, amended portions are also indicated by “underline.”
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)
| Six months ended September 30, 2012 |
Six months ended September 30, 2013 |
Three months ended September 30, 2012 |
Three months ended September 30, 2013 |
Year ended March 31, 2013 |
||||||||||||||||||
| Total Revenue |
(Mil yen) | 900,819 | 933,650 | 461,226 | 428,380 | 2,079,943 | ||||||||||||||||
| Net revenue |
(Mil yen) | 770,933 | 787,712 | 401,679 | 356,391 | 1,813,631 | ||||||||||||||||
| Income (loss) before income taxes |
(Mil yen) | 55,083 | 186,153 | 35,417 | 72,934 | 237,730 | ||||||||||||||||
| Net income (loss) attributable to Nomura Holdings, Inc. (“NHI”) shareholders |
(Mil yen) | 4,700 | 104,007 | 2,809 | 38,113 | 107,234 | ||||||||||||||||
| Comprehensive income (loss) attributable to NHI shareholders |
(Mil yen) | (14,013 | ) | 132,823 | (707 | ) | 35,344 | 194,988 | ||||||||||||||
| Total equity |
(Mil yen) | 2,387,447 | 2,411,306 | — | — | 2,318,983 | ||||||||||||||||
| Total assets |
(Mil yen) | 35,394,322 | 41,868,413 | — | — | 37,942,439 | ||||||||||||||||
| Net income (loss) attributable to NHI shareholders per share—basic |
(Yen ) | 1.28 | 28.07 | 0.76 | 10.29 | 29.04 | ||||||||||||||||
| Net income (loss) attributable to NHI shareholders per share—diluted |
(Yen ) | 1.25 | 27.20 | 0.74 | 9.99 | 28.37 | ||||||||||||||||
| Total NHI shareholders’ equity as a percentage of total assets |
(%) | 5.9 | 5.7 | — | — | 6.0 | ||||||||||||||||
| Cash flows from operating activities |
(Mil yen) | 127,244 | 404,791 | — | — | 549,501 | ||||||||||||||||
| Cash flows from investing activities |
(Mil yen) | 31,220 | (98,109 | ) | — | — | (160,486 | ) | ||||||||||||||
| Cash flows from financing activities |
(Mil yen) | (494,787 | ) | 169,034 | — | — | (701,623 | ) | ||||||||||||||
| Cash and cash equivalents at end of the period |
(Mil yen) | 716,712 | 1,298,043 | — | — | 805,087 | ||||||||||||||||
| 1 | The selected financial data of Nomura Holdings, Inc. (the “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)
| Six months ended September 30, 2012 |
Six months ended September 30, 2013 |
Three months ended September 30, 2012 |
Three months ended September 30, 2013 |
Year ended March 31, 2013 |
||||||||||||||||||
| Total Revenue |
(Mil yen) | 900,819 | 933,649 | 461,226 | 428,379 | 2,079,943 | ||||||||||||||||
| Net revenue |
(Mil yen) | 770,933 | 787,711 | 401,679 | 356,390 | 1,813,631 | ||||||||||||||||
| Income (loss) before income taxes |
(Mil yen) | 55,083 | 186,152 | 35,417 | 72,933 | 237,730 | ||||||||||||||||
| Net income (loss) attributable to Nomura Holdings, Inc. (“NHI”) shareholders |
(Mil yen) | 4,700 | 104,006 | 2,809 | 38,112 | 107,234 | ||||||||||||||||
| Comprehensive income (loss) attributable to NHI shareholders |
(Mil yen) | (14,013 | ) | 132,822 | (707 | ) | 35,343 | 194,988 | ||||||||||||||
| Total equity |
(Mil yen) | 2,387,447 | 2,411,302 | — | — | 2,318,983 | ||||||||||||||||
| Total assets |
(Mil yen) | 35,394,322 | 41,868,409 | — | — | 37,942,439 | ||||||||||||||||
| Net income (loss) attributable to NHI shareholders per share—basic |
(Yen ) | 1.28 | 28.07 | 0.76 | 10.29 | 29.04 | ||||||||||||||||
| Net income (loss) attributable to NHI shareholders per share—diluted |
(Yen ) | 1.25 | 27.20 | 0.74 | 9.99 | 28.37 | ||||||||||||||||
| Total NHI shareholders’ equity as a percentage of total assets |
(%) | 5.9 | 5.7 | — | — | 6.0 | ||||||||||||||||
| Cash flows from operating activities |
(Mil yen) | 127,244 | 404,794 | — | — | 549,501 | ||||||||||||||||
| Cash flows from investing activities |
(Mil yen) | 31,220 | (98,109 | ) | — | — | (160,486 | ) | ||||||||||||||
| Cash flows from financing activities |
(Mil yen) | (494,787 | ) | 169,031 | — | — | (701,623 | ) | ||||||||||||||
| Cash and cash equivalents at end of the period |
(Mil yen) | 716,712 | 1,298,043 | — | — | 805,087 | ||||||||||||||||
| 1 | The selected financial data of Nomura Holdings, Inc. (the “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
(1) Operating Results
(Omitted)
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Commissions |
¥ | 149,646 | ¥ | 263,247 | ||||
| Brokerage commissions |
73,023 | 146,729 | ||||||
| Commissions for distribution of investment trust |
60,488 | 100,874 | ||||||
| Other |
16,135 | 15,644 | ||||||
| Fees from investment banking |
27,514 | 48,378 | ||||||
| Underwriting and distribution |
14,844 | 34,756 | ||||||
| M&A / financial advisory fees |
11,131 | 12,931 | ||||||
| Other |
1,539 | 691 | ||||||
| Asset management and portfolio service fees |
67,224 | 83,083 | ||||||
| Asset management fees |
58,666 | 74,046 | ||||||
| Other |
8,558 | 9,037 | ||||||
| Net gain on trading |
173,328 | 238,590 | ||||||
| Gain (loss) on private equity investments |
(5,088 | ) | 753 | |||||
| Net interest |
66,417 | 67,478 | ||||||
| Gain (loss) on investments in equity securities |
5,909 | 12,889 | ||||||
| Other |
285,983 | 73,294 | ||||||
|
|
|
|
|
|||||
| Net revenue |
¥ | 770,933 | ¥ | 787,712 | ||||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Commissions |
¥ | 149,646 | ¥ | 263,247 | ||||
| Brokerage commissions |
73,023 | 146,729 | ||||||
| Commissions for distribution of investment trust |
60,488 | 100,874 | ||||||
| Other |
16,135 | 15,644 | ||||||
| Fees from investment banking |
27,514 | 48,378 | ||||||
| Underwriting and distribution |
14,844 | 34,756 | ||||||
| M&A / financial advisory fees |
11,131 | 12,931 | ||||||
| Other |
1,539 | 691 | ||||||
| Asset management and portfolio service fees |
67,224 | 83,083 | ||||||
| Asset management fees |
58,666 | 74,046 | ||||||
| Other |
8,558 | 9,037 | ||||||
| Net gain on trading |
173,328 | 238,589 | ||||||
| Gain (loss) on private equity investments |
(5,088 | ) | 753 | |||||
| Net interest |
66,417 | 67,478 | ||||||
| Gain (loss) on investments in equity securities |
5,909 | 12,889 | ||||||
| Other |
285,983 | 73,294 | ||||||
|
|
|
|
|
|||||
| Net revenue |
¥ | 770,933 | ¥ | 787,711 | ||||
|
|
|
|
|
|||||
Business Segment Information
(Omitted)
(Before Correction)
Net revenue
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Retail |
¥ | 163,497 | ¥ | 286,072 | ||||
| Asset Management |
31,857 | 38,800 | ||||||
| Wholesale |
258,977 | 377,958 | ||||||
| Other (Incl. elimination) |
310,570 | 72,681 | ||||||
|
|
|
|
|
|||||
| Total |
¥ | 764,901 | ¥ | 775,511 | ||||
|
|
|
|
|
|||||
(After Correction)
Net revenue
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Retail |
¥ | 163,497 | ¥ | 286,072 | ||||
| Asset Management |
31,857 | 38,800 | ||||||
| Wholesale |
258,977 | 377,957 | ||||||
| Other (Incl. elimination) |
310,570 | 72,681 | ||||||
|
|
|
|
|
|||||
| Total |
¥ | 764,901 | ¥ | 775,510 | ||||
|
|
|
|
|
|||||
| Non-interest expenses |
||||||||
Non-interest expenses
(Omitted)
(Before Correction)
Income (loss) before income taxes
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Retail |
¥ | 23,150 | ¥ | 121,061 | ||||
| Asset Management |
9,930 | 12,863 | ||||||
| Wholesale |
(8,358 | ) | 50,523 | |||||
| Other (Incl. elimination) |
24,329 | (10,495 | ) | |||||
|
|
|
|
|
|||||
| Total |
¥ | 49,051 | ¥ | 173,952 | ||||
|
|
|
|
|
|||||
(After Correction)
Income (loss) before income taxes
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Retail |
¥ | 23,150 | ¥ | 121,061 | ||||
| Asset Management |
9,930 | 12,863 | ||||||
| Wholesale |
(8,358 | ) | 50,522 | |||||
| Other (Incl. elimination) |
24,329 | (10,495 | ) | |||||
|
|
|
|
|
|||||
| Total |
¥ | 49,051 | ¥ | 173,951 | ||||
|
|
|
|
|
|||||
(Omitted)
Wholesale
(Omitted)
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Fixed Income(1) |
¥ | 158,315 | ¥ | 191,312 | ||||
| Equities(1) |
70,975 | 133,616 | ||||||
| Investment Banking (Net) |
30,908 | 48,899 | ||||||
| Investment Banking (Other) |
(1,221 | ) | 4,131 | |||||
|
|
|
|
|
|||||
| Investment Banking |
29,687 | 53,030 | ||||||
|
|
|
|
|
|||||
| Net revenue |
¥ | 258,977 | ¥ | 377,958 | ||||
|
|
|
|
|
|||||
| Investment Banking (Gross) |
¥ | 65,510 | ¥ | 92,968 | ||||
|
|
|
|
|
|||||
| (1) | In accordance with the realignment in April 2013, certain prior period amounts of Fixed Income and Equities have been reclassified to conform to the current presentation. |
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Fixed Income(1) |
¥ | 158,315 | ¥ | 191,312 | ||||
| Equities(1) |
70,975 | 133,615 | ||||||
| Investment Banking (Net) |
30,908 | 48,899 | ||||||
| Investment Banking (Other) |
(1,221 | ) | 4,131 | |||||
|
|
|
|
|
|||||
| Investment Banking |
29,687 | 53,030 | ||||||
|
|
|
|
|
|||||
| Net revenue |
¥ | 258,977 | ¥ | 377,957 | ||||
|
|
|
|
|
|||||
| Investment Banking (Gross) |
¥ | 65,510 | ¥ | 92,968 | ||||
|
|
|
|
|
|||||
| (1) | In accordance with the realignment in April 2013, certain prior period amounts of Fixed Income and Equities have been reclassified to conform to the current presentation. |
Item 3. Company Information
1. Share Capital Information
(7) Voting Rights
A. Outstanding Shares
(Before Correction)
| As of September 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 114,834,200 (Crossholding Stocks |
) |
— | — | ||||||||
| Common stock 4,105,000 | ||||||||||||
| Stock with full voting right (Others) |
Common stock 3,701,833,900 | 37,018,339 | — | |||||||||
| Shares less than 1 unit |
Common stock 1,789,501 | — |
|
Shares less than 1 unit (100 shares) |
| |||||||
|
|
|
|
|
|
|
|||||||
| Total Shares Issued |
3,822,562,601 | — | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Voting Rights of Total Shareholders |
— | 37,018,339 | — | |||||||||
|
|
|
|
|
|
|
|||||||
2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 7 shares of treasury stocks are included in “Shares less than 1 unit.”
(After Correction)
| As of September 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 114,834,200 (Crossholding Stocks |
) |
— | — | ||||||||
| Common stock 4,109,700 | ||||||||||||
| Stock with full voting right (Others) |
Common stock 3,701,829,200 | 37,018,292 | — | |||||||||
| Shares less than 1 unit |
Common stock 1,789,501 | — |
|
Shares less than 1 unit (100 shares) |
| |||||||
|
|
|
|
|
|
|
|||||||
| Total Shares Issued |
3,822,562,601 | — | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Voting Rights of Total Shareholders |
— | 37,018,292 | — | |||||||||
|
|
|
|
|
|
|
|||||||
2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 7 shares of treasury stocks are included in “Shares less than 1 unit.”
B. Treasury Stocks
(Before Correction)
| As of September 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 |
114,834,200 | — | 114,834,200 | 3.00 | |||||||||||||
| (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 |
118,939,200 | — | 118,939,200 | 3.11 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
(After Correction)
| As of September 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 |
114,834,200 | — | 114,834,200 | 3.00 | |||||||||||||
| (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 | |||||||||||||
| Nomura International plc |
1 Angel Lane, London, United Kingdom |
4,700 | — | 4,700 | 0.00 | |||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
118,943,900 | — | 118,943,900 | 3.11 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
Item 4. Financial Information
1. Consolidated Financial Statements
(1) Consolidated Balance Sheets (UNAUDITED)
(Before Correction)
| Notes | Millions of yen | |||||||||||
| March 31, 2013 |
September 30, 2013 |
|||||||||||
| ASSETS | ||||||||||||
| Cash and cash deposits: |
||||||||||||
| Cash and cash equivalents |
¥ | 805,087 | ¥ | 1,298,043 | ||||||||
| Time deposits |
577,921 | 468,495 | ||||||||||
| Deposits with stock exchanges and other segregated cash |
269,744 | 384,480 | ||||||||||
|
|
|
|
|
|||||||||
| Total cash and cash deposits |
1,652,752 | 2,151,018 | ||||||||||
|
|
|
|
|
|||||||||
| Loans and receivables: |
||||||||||||
| Loans receivable (including ¥524,049 million and ¥261,354 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 7 | 1,575,494 | 1,303,655 | |||||||||
| Receivables from customers |
63,792 | 52,097 | ||||||||||
| Receivables from other than customers |
992,847 | 1,506,426 | ||||||||||
| Allowance for doubtful accounts |
*7 | (2,258 | ) | (3,205 | ) | |||||||
|
|
|
|
|
|||||||||
| Total loans and receivables |
2,629,875 | 2,858,973 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized agreements: |
||||||||||||
| Securities purchased under agreements to resell (including ¥997,788 million and ¥1,217,687 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 8,295,372 | 9,552,516 | |||||||||
| Securities borrowed |
5,819,885 | 6,376,335 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized agreements |
14,115,257 | 15,928,851 | ||||||||||
|
|
|
|
|
|||||||||
| Trading assets and private equity investments: |
||||||||||||
| Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥8,226,677 million as of March 31, 2013 and September 30, 2013, respectively; including ¥19,970 million and ¥9,152 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 3 | 17,037,191 | 18,332,966 | |||||||||
| Private equity investments (including ¥44,134 million and ¥43,913 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 87,158 | 84,169 | |||||||||
|
|
|
|
|
|||||||||
| Total trading assets and private equity investments |
17,124,349 | 18,417,135 | ||||||||||
|
|
|
|
|
|||||||||
| Other assets: |
||||||||||||
| Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥373,140 million as of September 30, 2013) |
428,241 | 421,042 | ||||||||||
| Non-trading debt securities |
*2, 5 | 920,611 | 1,003,495 | |||||||||
| Investments in equity securities |
*2 | 123,490 | 135,736 | |||||||||
| Investments in and advances to affiliated companies |
*7 | 345,705 | 360,348 | |||||||||
| Other (including ¥1,632 million and ¥1,549 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 5, 10 | 602,159 | 591,815 | |||||||||
|
|
|
|
|
|||||||||
| Total other assets |
2,420,206 | 2,512,436 | ||||||||||
|
|
|
|
|
|||||||||
| Total assets |
¥ | 37,942,439 | ¥ | 41,868,413 | ||||||||
|
|
|
|
|
|||||||||
(1) Consolidated Balance Sheets—(Continued) (UNAUDITED)
| Millions of yen | ||||||||||||
| Notes | March 31, 2013 |
September 30, 2013 |
||||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Short-term borrowings (including ¥77,036 million and ¥56,394 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | ¥ | 738,445 | ¥ | 800,966 | |||||||
| Payables and deposits: |
||||||||||||
| Payables to customers |
476,705 | 579,148 | ||||||||||
| Payables to other than customers |
864,962 | 1,154,251 | ||||||||||
| Deposits received at banks |
1,072,134 | 1,106,042 | ||||||||||
|
|
|
|
|
|||||||||
| Total payables and deposits |
2,413,801 | 2,839,441 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized financing: |
||||||||||||
| Securities sold under agreements to repurchase (including ¥264,767 million and ¥810,255 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 12,444,317 | 14,074,602 | |||||||||
| Securities loaned |
2,158,559 | 2,431,554 | ||||||||||
| Other secured borrowings |
806,507 | 818,239 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized financing |
15,409,383 | 17,324,395 | ||||||||||
|
|
|
|
|
|||||||||
| Trading liabilities |
*2, 3 | 8,491,296 | 9,870,444 | |||||||||
| Other liabilities (including ¥2,360 million and ¥1,815 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 10 | 978,163 | 984,102 | |||||||||
| Long-term borrowings (including ¥1,664,536 million and ¥1,707,660 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 7,592,368 | 7,637,759 | |||||||||
|
|
|
|
|
|||||||||
| Total liabilities |
35,623,456 | 39,457,107 | ||||||||||
|
|
|
|
|
|||||||||
| 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 September 30, 2013 |
||||||||||||
| Issued—3,822,562,601 shares as of March 31, 2013 and September 30, 2013 |
||||||||||||
| Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,706,484,721 shares as of September 30, 2013 |
594,493 | 594,493 | ||||||||||
| Additional paid-in capital |
691,264 | 682,048 | ||||||||||
| Retained earnings |
1,136,523 | 1,210,878 | ||||||||||
| Accumulated other comprehensive income (loss) |
*15 | (57,395 | ) | (28,579 | ) | |||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity before treasury stock |
2,364,885 | 2,458,840 | ||||||||||
| Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 116,077,880 shares as of September 30, 2013 |
(70,514 | ) | (79,651 | ) | ||||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity |
2,294,371 | 2,379,189 | ||||||||||
|
|
|
|
|
|||||||||
| Noncontrolling interests |
24,612 | 32,117 | ||||||||||
| Total equity |
2,318,983 | 2,411,306 | ||||||||||
|
|
|
|
|
|||||||||
| Total liabilities and equity |
¥ | 37,942,439 | ¥ | 41,868,413 | ||||||||
|
|
|
|
|
|||||||||
(After Correction)
| Notes | Millions of yen | |||||||||||
| March 31, 2013 |
September 30, 2013 |
|||||||||||
| ASSETS | ||||||||||||
| Cash and cash deposits: |
||||||||||||
| Cash and cash equivalents |
¥ | 805,087 | ¥ | 1,298,043 | ||||||||
| Time deposits |
577,921 | 468,495 | ||||||||||
| Deposits with stock exchanges and other segregated cash |
269,744 | 384,480 | ||||||||||
|
|
|
|
|
|||||||||
| Total cash and cash deposits |
1,652,752 | 2,151,018 | ||||||||||
|
|
|
|
|
|||||||||
| Loans and receivables: |
||||||||||||
| Loans receivable (including ¥524,049 million and ¥261,354 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 7 | 1,575,494 | 1,303,655 | |||||||||
| Receivables from customers |
63,792 | 52,097 | ||||||||||
| Receivables from other than customers |
992,847 | 1,506,426 | ||||||||||
| Allowance for doubtful accounts |
*7 | (2,258 | ) | (3,205 | ) | |||||||
|
|
|
|
|
|||||||||
| Total loans and receivables |
2,629,875 | 2,858,973 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized agreements: |
||||||||||||
| Securities purchased under agreements to resell (including ¥997,788 million and ¥1,217,687 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 8,295,372 | 9,552,516 | |||||||||
| Securities borrowed |
5,819,885 | 6,376,335 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized agreements |
14,115,257 | 15,928,851 | ||||||||||
|
|
|
|
|
|||||||||
| Trading assets and private equity investments: |
||||||||||||
| Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥8,226,677 million as of March 31, 2013 and September 30, 2013, respectively; including ¥19,970 million and ¥9,152 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 3 | 17,037,191 | 18,332,962 | |||||||||
| Private equity investments (including ¥44,134 million and ¥43,913 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 87,158 | 84,169 | |||||||||
|
|
|
|
|
|||||||||
| Total trading assets and private equity investments |
17,124,349 | 18,417,131 | ||||||||||
|
|
|
|
|
|||||||||
| Other assets: |
||||||||||||
| Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥373,140 million as of September 30, 2013) |
428,241 | 421,042 | ||||||||||
| Non-trading debt securities |
*2, 5 | 920,611 | 1,003,495 | |||||||||
| Investments in equity securities |
*2 | 123,490 | 135,736 | |||||||||
| Investments in and advances to affiliated companies |
*7 | 345,705 | 360,348 | |||||||||
| Other (including ¥1,632 million and ¥1,549 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 5, 10 | 602,159 | 591,815 | |||||||||
|
|
|
|
|
|||||||||
| Total other assets |
2,420,206 | 2,512,436 | ||||||||||
|
|
|
|
|
|||||||||
| Total assets |
¥ | 37,942,439 | ¥ | 41,868,409 | ||||||||
|
|
|
|
|
|||||||||
| Millions of yen | ||||||||||||
| Notes | March 31, 2013 |
September 30, 2013 |
||||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Short-term borrowings (including ¥77,036 million and ¥56,394 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | ¥ | 738,445 | ¥ | 800,966 | |||||||
| Payables and deposits: |
||||||||||||
| Payables to customers |
476,705 | 579,148 | ||||||||||
| Payables to other than customers |
864,962 | 1,154,251 | ||||||||||
| Deposits received at banks |
1,072,134 | 1,106,042 | ||||||||||
|
|
|
|
|
|||||||||
| Total payables and deposits |
2,413,801 | 2,839,441 | ||||||||||
|
|
|
|
|
|||||||||
| Collateralized financing: |
||||||||||||
| Securities sold under agreements to repurchase (including ¥264,767 million and ¥810,255 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 12,444,317 | 14,074,602 | |||||||||
| Securities loaned |
2,158,559 | 2,431,554 | ||||||||||
| Other secured borrowings |
806,507 | 818,239 | ||||||||||
|
|
|
|
|
|||||||||
| Total collateralized financing |
15,409,383 | 17,324,395 | ||||||||||
|
|
|
|
|
|||||||||
| Trading liabilities |
*2, 3 | 8,491,296 | 9,870,444 | |||||||||
| Other liabilities (including ¥2,360 million and ¥1,815 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2, 10 | 978,163 | 984,102 | |||||||||
| Long-term borrowings (including ¥1,664,536 million and ¥1,707,660 million measured at fair value by applying the fair value option as of March 31, 2013 and September 30, 2013, respectively) |
*2 | 7,592,368 | 7,637,759 | |||||||||
|
|
|
|
|
|||||||||
| Total liabilities |
35,623,456 | 39,457,107 | ||||||||||
|
|
|
|
|
|||||||||
| 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 September 30, 2013 |
||||||||||||
| Issued—3,822,562,601 shares as of March 31, 2013 and September 30, 2013 |
||||||||||||
| Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,706,480,021 shares as of September 30, 2013 |
594,493 | 594,493 | ||||||||||
| Additional paid-in capital |
691,264 | 682,048 | ||||||||||
| Retained earnings |
1,136,523 | 1,210,877 | ||||||||||
| Accumulated other comprehensive income (loss) |
*15 | (57,395 | ) | (28,579 | ) | |||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity before treasury stock |
2,364,885 | 2,458,839 | ||||||||||
| Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 116,082,580 shares as of September 30, 2013 |
(70,514 | ) | (79,654 | ) | ||||||||
|
|
|
|
|
|||||||||
| Total NHI shareholders’ equity |
2,294,371 | 2,379,185 | ||||||||||
|
|
|
|
|
|||||||||
| Noncontrolling interests |
24,612 | 32,117 | ||||||||||
| Total equity |
2,318,983 | 2,411,302 | ||||||||||
|
|
|
|
|
|||||||||
| Total liabilities and equity |
¥ | 37,942,439 | ¥ | 41,868,409 | ||||||||
|
|
|
|
|
|||||||||
(2) Consolidated Statements of Income (UNAUDITED)
(Before Correction)
| Millions of yen | ||||||||||||
| Notes | Six months ended September 30 | |||||||||||
| 2012 | 2013 | |||||||||||
| Revenue: |
||||||||||||
| Commissions |
¥ | 149,646 | ¥ | 263,247 | ||||||||
| Fees from investment banking |
27,514 | 48,378 | ||||||||||
| Asset management and portfolio service fees |
67,224 | 83,083 | ||||||||||
| Net gain on trading |
*2, 3 | 173,328 | 238,590 | |||||||||
| Gain (loss) on private equity investments |
(5,088 | ) | 753 | |||||||||
| Interest and dividends |
196,303 | 213,416 | ||||||||||
| Gain on investments in equity securities |
5,909 | 12,889 | ||||||||||
| Other |
*9 | 285,983 | 73,294 | |||||||||
|
|
|
|
|
|||||||||
| Total revenue |
900,819 | 933,650 | ||||||||||
| Interest expense |
129,886 | 145,938 | ||||||||||
|
|
|
|
|
|||||||||
| Net revenue |
770,933 | 787,712 | ||||||||||
|
|
|
|
|
|||||||||
| Non-interest expenses: |
||||||||||||
| Compensation and benefits |
258,269 | 298,596 | ||||||||||
| Commissions and floor brokerage |
43,882 | 55,180 | ||||||||||
| Information processing and communications |
87,669 | 94,473 | ||||||||||
| Occupancy and related depreciation |
46,250 | 40,614 | ||||||||||
| Business development expenses |
22,502 | 17,332 | ||||||||||
| Other |
*9, 10 | 257,278 | 95,364 | |||||||||
|
|
|
|
|
|||||||||
| Total non-interest expenses |
715,850 | 601,559 | ||||||||||
|
|
|
|
|
|||||||||
| Income before income taxes |
55,083 | 186,153 | ||||||||||
| Income tax expense |
*14 | 43,646 | 81,505 | |||||||||
|
|
|
|
|
|||||||||
| Net income |
¥ | 11,437 | ¥ | 104,648 | ||||||||
| Less: Net income attributable to noncontrolling interests |
6,737 | 641 | ||||||||||
|
|
|
|
|
|||||||||
| Net income attributable to NHI shareholders |
¥ | 4,700 | ¥ | 104,007 | ||||||||
|
|
|
|
|
|||||||||
(After Correction)
| Millions of yen | ||||||||||||
| Notes | Six months ended September 30 | |||||||||||
| 2012 | 2013 | |||||||||||
| Revenue: |
||||||||||||
| Commissions |
¥ | 149,646 | ¥ | 263,247 | ||||||||
| Fees from investment banking |
27,514 | 48,378 | ||||||||||
| Asset management and portfolio service fees |
67,224 | 83,083 | ||||||||||
| Net gain on trading |
*2, 3 | 173,328 | 238,589 | |||||||||
| Gain (loss) on private equity investments |
(5,088 | ) | 753 | |||||||||
| Interest and dividends |
196,303 | 213,416 | ||||||||||
| Gain on investments in equity securities |
5,909 | 12,889 | ||||||||||
| Other |
*9 | 285,983 | 73,294 | |||||||||
|
|
|
|
|
|||||||||
| Total revenue |
900,819 | 933,649 | ||||||||||
| Interest expense |
129,886 | 145,938 | ||||||||||
|
|
|
|
|
|||||||||
| Net revenue |
770,933 | 787,711 | ||||||||||
|
|
|
|
|
|||||||||
| Non-interest expenses: |
||||||||||||
| Compensation and benefits |
258,269 | 298,596 | ||||||||||
| Commissions and floor brokerage |
43,882 | 55,180 | ||||||||||
| Information processing and communications |
87,669 | 94,473 | ||||||||||
| Occupancy and related depreciation |
46,250 | 40,614 | ||||||||||
| Business development expenses |
22,502 | 17,332 | ||||||||||
| Other |
*9, 10 | 257,278 | 95,364 | |||||||||
|
|
|
|
|
|||||||||
| Total non-interest expenses |
715,850 | 601,559 | ||||||||||
|
|
|
|
|
|||||||||
| Income before income taxes |
55,083 | 186,152 | ||||||||||
| Income tax expense |
*14 | 43,646 | 81,505 | |||||||||
|
|
|
|
|
|||||||||
| Net income |
¥ | 11,437 | ¥ | 104,647 | ||||||||
| Less: Net income attributable to noncontrolling interests |
6,737 | 641 | ||||||||||
|
|
|
|
|
|||||||||
| Net income attributable to NHI shareholders |
¥ | 4,700 | ¥ | 104,006 | ||||||||
|
|
|
|
|
|||||||||
(Before Correction)
| Notes | Millions of yen | |||||||||||
| Three months ended September 30 | ||||||||||||
| 2012 | 2013 | |||||||||||
| Revenue: |
||||||||||||
| Commissions |
¥ | 72,279 | ¥ | 105,613 | ||||||||
| Fees from investment banking |
17,131 | 22,984 | ||||||||||
| Asset management and portfolio service fees |
33,411 | 40,702 | ||||||||||
| Net gain on trading |
*2, 3 | 88,929 | 110,181 | |||||||||
| Gain (loss) on private equity investments |
299 | 703 | ||||||||||
| Interest and dividends |
92,834 | 98,091 | ||||||||||
| Gain (loss) on investments in equity securities |
12,970 | 5,037 | ||||||||||
| Other |
*9 | 143,373 | 45,069 | |||||||||
|
|
|
|
|
|||||||||
| Total revenue |
461,226 | 428,380 | ||||||||||
| Interest expense |
59,547 | 71,989 | ||||||||||
|
|
|
|
|
|||||||||
| Net revenue |
401,679 | 356,391 | ||||||||||
|
|
|
|
|
|||||||||
| Non-interest expenses: |
||||||||||||
| Compensation and benefits |
133,696 | 135,391 | ||||||||||
| Commissions and floor brokerage |
21,904 | 26,134 | ||||||||||
| Information processing and communications |
45,145 | 46,240 | ||||||||||
| Occupancy and related depreciation |
22,140 | 20,830 | ||||||||||
| Business development expenses |
11,173 | 9,473 | ||||||||||
| Other |
*9,10 | 132,204 | 45,389 | |||||||||
|
|
|
|
|
|||||||||
| Total non-interest expenses |
366,262 | 283,457 | ||||||||||
|
|
|
|
|
|||||||||
| Income before income taxes |
35,417 | 72,934 | ||||||||||
| Income tax expense |
*14 | 30,056 | 34,549 | |||||||||
|
|
|
|
|
|||||||||
| Net income |
¥ | 5,361 | ¥ | 38,385 | ||||||||
| Less: Net income attributable to noncontrolling interests |
2,552 | 272 | ||||||||||
|
|
|
|
|
|||||||||
| Net income attributable to NHI shareholders |
¥ | 2,809 | ¥ | 38,113 | ||||||||
|
|
|
|
|
|||||||||
(After Correction)
| Notes | Millions of yen | |||||||||||
| Three months ended September 30 | ||||||||||||
| 2012 | 2013 | |||||||||||
| Revenue: |
||||||||||||
| Commissions |
¥ | 72,279 | ¥ | 105,613 | ||||||||
| Fees from investment banking |
17,131 | 22,984 | ||||||||||
| Asset management and portfolio service fees |
33,411 | 40,702 | ||||||||||
| Net gain on trading |
*2, 3 | 88,929 | 110,180 | |||||||||
| Gain (loss) on private equity investments |
299 | 703 | ||||||||||
| Interest and dividends |
92,834 | 98,091 | ||||||||||
| Gain (loss) on investments in equity securities |
12,970 | 5,037 | ||||||||||
| Other |
*9 | 143,373 | 45,069 | |||||||||
|
|
|
|
|
|||||||||
| Total revenue |
461,226 | 428,379 | ||||||||||
| Interest expense |
59,547 | 71,989 | ||||||||||
|
|
|
|
|
|||||||||
| Net revenue |
401,679 | 356,390 | ||||||||||
|
|
|
|
|
|||||||||
| Non-interest expenses: |
||||||||||||
| Compensation and benefits |
133,696 | 135,391 | ||||||||||
| Commissions and floor brokerage |
21,904 | 26,134 | ||||||||||
| Information processing and communications |
45,145 | 46,240 | ||||||||||
| Occupancy and related depreciation |
22,140 | 20,830 | ||||||||||
| Business development expenses |
11,173 | 9,473 | ||||||||||
| Other |
*9,10 | 132,204 | 45,389 | |||||||||
|
|
|
|
|
|||||||||
| Total non-interest expenses |
366,262 | 283,457 | ||||||||||
|
|
|
|
|
|||||||||
| Income before income taxes |
35,417 | 72,933 | ||||||||||
| Income tax expense |
*14 | 30,056 | 34,549 | |||||||||
|
|
|
|
|
|||||||||
| Net income |
¥ | 5,361 | ¥ | 38,384 | ||||||||
| Less: Net income attributable to noncontrolling interests |
2,552 | 272 | ||||||||||
|
|
|
|
|
|||||||||
| Net income attributable to NHI shareholders |
¥ | 2,809 | ¥ | 38,112 | ||||||||
|
|
|
|
|
|||||||||
(3) Consolidated Statements of Comprehensive Income (UNAUDITED)
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net income |
¥ | 11,437 | ¥ | 104,648 | ||||
| Other comprehensive income (loss): |
||||||||
| Change in cumulative translation adjustments, net of tax |
(21,343 | ) | 27,431 | |||||
| Defined benefit pension plans: |
||||||||
| Pension liability adjustment |
4,062 | 2,005 | ||||||
| Deferred income taxes |
(1,123 | ) | (703 | ) | ||||
|
|
|
|
|
|||||
| Total |
2,939 | 1,302 | ||||||
| Non-trading securities: |
||||||||
| Net unrealized gain (loss) on non-trading securities |
(1,032 | ) | 1,469 | |||||
| Deferred income taxes |
(17 | ) | (645 | ) | ||||
|
|
|
|
|
|||||
| Total |
(1,049 | ) | 824 | |||||
|
|
|
|
|
|||||
| Total other comprehensive income (loss) |
(19,453 | ) | 29,557 | |||||
|
|
|
|
|
|||||
| Comprehensive income (loss) |
¥ | (8,016 | ) | ¥ | 134,205 | |||
| Less: Comprehensive income attributable to noncontrolling interests |
5,997 | 1,382 | ||||||
|
|
|
|
|
|||||
| Comprehensive income (loss) attributable to NHI shareholders |
¥ | (14,013 | ) | ¥ | 132,823 | |||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net income |
¥ | 11,437 | ¥ | 104,647 | ||||
| Other comprehensive income (loss): |
||||||||
| Change in cumulative translation adjustments, net of tax |
(21,343 | ) | 27,431 | |||||
| Defined benefit pension plans: |
||||||||
| Pension liability adjustment |
4,062 | 2,005 | ||||||
| Deferred income taxes |
(1,123 | ) | (703 | ) | ||||
|
|
|
|
|
|||||
| Total |
2,939 | 1,302 | ||||||
| Non-trading securities: |
||||||||
| Net unrealized gain (loss) on non-trading securities |
(1,032 | ) | 1,469 | |||||
| Deferred income taxes |
(17 | ) | (645 | ) | ||||
|
|
|
|
|
|||||
| Total |
(1,049 | ) | 824 | |||||
|
|
|
|
|
|||||
| Total other comprehensive income (loss) |
(19,453 | ) | 29,557 | |||||
|
|
|
|
|
|||||
| Comprehensive income (loss) |
¥ | (8,016 | ) | ¥ | 134,204 | |||
| Less: Comprehensive income attributable to noncontrolling interests |
5,997 | 1,382 | ||||||
|
|
|
|
|
|||||
| Comprehensive income (loss) attributable to NHI shareholders |
¥ | (14,013 | ) | ¥ | 132,822 | |||
|
|
|
|
|
|||||
(Before Correction)
| Millions of yen | ||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net income |
¥ | 5,361 | ¥ | 38,385 | ||||
| Other comprehensive income (loss): |
||||||||
| Change in cumulative translation adjustments, net of tax |
(3,975 | ) | (5,542 | ) | ||||
| Defined benefit pension plans: |
||||||||
| Pension liability adjustment |
328 | 449 | ||||||
| Deferred income taxes |
(99 | ) | (171 | ) | ||||
|
|
|
|
|
|||||
| Total |
229 | 278 | ||||||
| Non-trading securities: |
||||||||
| Net unrealized gain (loss) on non-trading securities |
(642 | ) | 4,471 | |||||
| Deferred income taxes |
731 | (1,286 | ) | |||||
|
|
|
|
|
|||||
| Total |
89 | 3,185 | ||||||
|
|
|
|
|
|||||
| Total other comprehensive income (loss) |
(3,657 | ) | (2,079 | ) | ||||
|
|
|
|
|
|||||
| Comprehensive income |
¥ | 1,704 | ¥ | 36,306 | ||||
| Less: Comprehensive income attributable to noncontrolling interests |
2,411 | 962 | ||||||
|
|
|
|
|
|||||
| Comprehensive income (loss) attributable to NHI shareholders |
¥ | (707 | ) | ¥ | 35,344 | |||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net income |
¥ | 5,361 | ¥ | 38,384 | ||||
| Other comprehensive income (loss): |
||||||||
| Change in cumulative translation adjustments, net of tax |
(3,975 | ) | (5,542 | ) | ||||
| Defined benefit pension plans: |
||||||||
| Pension liability adjustment |
328 | 449 | ||||||
| Deferred income taxes |
(99 | ) | (171 | ) | ||||
|
|
|
|
|
|||||
| Total |
229 | 278 | ||||||
| Non-trading securities: |
||||||||
| Net unrealized gain (loss) on non-trading securities |
(642 | ) | 4,471 | |||||
| Deferred income taxes |
731 | (1,286 | ) | |||||
|
|
|
|
|
|||||
| Total |
89 | 3,185 | ||||||
|
|
|
|
|
|||||
| Total other comprehensive income (loss) |
(3,657 | ) | (2,079 | ) | ||||
|
|
|
|
|
|||||
| Comprehensive income |
¥ | 1,704 | ¥ | 36,305 | ||||
| Less: Comprehensive income attributable to noncontrolling interests |
2,411 | 962 | ||||||
|
|
|
|
|
|||||
| Comprehensive income (loss) attributable to NHI shareholders |
¥ | (707 | ) | ¥ | 35,343 | |||
|
|
|
|
|
|||||
(4) Consolidated Statements of Changes in Equity (UNAUDITED)
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 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 |
(838 | ) | (5,439 | ) | ||||
| Issuance and exercise of common stock options |
(7,798 | ) | (3,777 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
690,135 | 682,048 | ||||||
|
|
|
|
|
|||||
| Retained earnings |
||||||||
| Balance at beginning of year |
1,058,945 | 1,136,523 | ||||||
| Net income attributable to NHI shareholders |
4,700 | 104,007 | ||||||
| Cash dividends(1) |
(7,390 | ) | (29,652 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
1,056,255 | 1,210,878 | ||||||
|
|
|
|
|
|||||
| Accumulated other comprehensive income (loss) |
||||||||
| Cumulative translation adjustments |
||||||||
| Balance at beginning of year |
(110,652 | ) | (38,875 | ) | ||||
| Net change during the period |
(20,983 | ) | 26,902 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(131,635 | ) | (11,973 | ) | ||||
|
|
|
|
|
|||||
| Defined benefit pension plans |
||||||||
| Balance at beginning of year |
(35,132 | ) | (28,518 | ) | ||||
| Pension liability adjustment |
3,062 | 1,302 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
(32,070 | ) | (27,216 | ) | ||||
|
|
|
|
|
|||||
| Non-trading securities |
||||||||
| Balance at beginning of year |
635 | 9,998 | ||||||
| Net unrealized gain (loss) on non-trading securities |
(792 | ) | 612 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(157 | ) | 10,610 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(163,862 | ) | (28,579 | ) | ||||
|
|
|
|
|
|||||
| Common stock held in treasury |
||||||||
| Balance at beginning of year |
(99,819 | ) | (70,514 | ) | ||||
| Repurchases of common stock |
(2 | ) | (32,482 | ) | ||||
| Sales of common stock |
0 | 0 | ||||||
| Common stock issued to employees |
19,612 | 22,662 | ||||||
| Other net change in treasury stock |
(205 | ) | 683 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(80,414 | ) | (79,651 | ) | ||||
|
|
|
|
|
|||||
| Total NHI shareholders’ equity |
||||||||
| Balance at end of period |
2,096,607 | 2,379,189 | ||||||
|
|
|
|
|
|||||
| Noncontrolling interests |
||||||||
| Balance at beginning of year |
281,896 | 24,612 | ||||||
| Cash dividends |
(1,420 | ) | (19 | ) | ||||
| Net income attributable to noncontrolling interests |
6,737 | 641 | ||||||
| Accumulated other comprehensive income (loss) attributable to noncontrolling interests |
(740 | ) | 741 | |||||
| Other net change in noncontrolling interests |
4,367 | 6,142 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
290,840 | 32,117 | ||||||
|
|
|
|
|
|||||
| Total equity |
||||||||
| Balance at end of period |
¥ | 2,387,447 | ¥ | 2,411,306 | ||||
|
|
|
|
|
|||||
| (1) Dividends per share |
Six months ended September 30, 2012 | ¥2.00 | Three months ended September 30, 2012 | ¥2.00 | ||||
| Six months ended September 30, 2013 | ¥8.00 | Three months ended September 30, 2013 | ¥8.00 |
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 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 |
(838 | ) | (5,439 | ) | ||||
| Issuance and exercise of common stock options |
(7,798 | ) | (3,777 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
690,135 | 682,048 | ||||||
|
|
|
|
|
|||||
| Retained earnings |
||||||||
| Balance at beginning of year |
1,058,945 | 1,136,523 | ||||||
| Net income attributable to NHI shareholders |
4,700 | 104,006 | ||||||
| Cash dividends(1) |
(7,390 | ) | (29,652 | ) | ||||
|
|
|
|
|
|||||
| Balance at end of period |
1,056,255 | 1,210,877 | ||||||
|
|
|
|
|
|||||
| Accumulated other comprehensive income (loss) |
||||||||
| Cumulative translation adjustments |
||||||||
| Balance at beginning of year |
(110,652 | ) | (38,875 | ) | ||||
| Net change during the period |
(20,983 | ) | 26,902 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(131,635 | ) | (11,973 | ) | ||||
|
|
|
|
|
|||||
| Defined benefit pension plans |
||||||||
| Balance at beginning of year |
(35,132 | ) | (28,518 | ) | ||||
| Pension liability adjustment |
3,062 | 1,302 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
(32,070 | ) | (27,216 | ) | ||||
|
|
|
|
|
|||||
| Non-trading securities |
||||||||
| Balance at beginning of year |
635 | 9,998 | ||||||
| Net unrealized gain (loss) on non-trading securities |
(792 | ) | 612 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(157 | ) | 10,610 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(163,862 | ) | (28,579 | ) | ||||
|
|
|
|
|
|||||
| Common stock held in treasury |
||||||||
| Balance at beginning of year |
(99,819 | ) | (70,514 | ) | ||||
| Repurchases of common stock |
(2 | ) | (32,493 | ) | ||||
| Sales of common stock |
0 | 8 | ||||||
| Common stock issued to employees |
19,612 | 22,662 | ||||||
| Other net change in treasury stock |
(205 | ) | 683 | |||||
|
|
|
|
|
|||||
| Balance at end of period |
(80,414 | ) | (79,654 | ) | ||||
|
|
|
|
|
|||||
| Total NHI shareholders’ equity |
||||||||
| Balance at end of period |
2,096,607 | 2,379,185 | ||||||
|
|
|
|
|
|||||
| Noncontrolling interests |
||||||||
| Balance at beginning of year |
281,896 | 24,612 | ||||||
| Cash dividends |
(1,420 | ) | (19 | ) | ||||
| Net income attributable to noncontrolling interests |
6,737 | 641 | ||||||
| Accumulated other comprehensive income (loss) attributable to noncontrolling interests |
(740 | ) | 741 | |||||
| Other net change in noncontrolling interests |
4,367 | 6,142 | ||||||
|
|
|
|
|
|||||
| Balance at end of period |
290,840 | 32,117 | ||||||
|
|
|
|
|
|||||
| Total equity |
||||||||
| Balance at end of period |
¥ | 2,387,447 | ¥ | 2,411,302 | ||||
|
|
|
|
|
|||||
| (1) Dividends per share |
Six months ended September 30, 2012 | ¥2.00 | Three months ended September 30, 2012 | ¥2.00 | ||||
| Six months ended September 30, 2013 | ¥8.00 | Three months ended September 30, 2013 | ¥8.00 |
(5) Consolidated Statements of Cash Flows (UNAUDITED)
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Cash flows from operating activities: |
||||||||
| Net income |
¥ | 11,437 | ¥ | 104,648 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||
| Depreciation and amortization |
45,299 | 39,853 | ||||||
| Gain on investments in equity securities |
(5,909 | ) | (12,889 | ) | ||||
| Deferred income taxes |
30,051 | 9,523 | ||||||
| Changes in operating assets and liabilities: |
||||||||
| Time deposits |
210,245 | 141,920 | ||||||
| Deposits with stock exchanges and other segregated cash |
28,709 | (106,007 | ) | |||||
| Trading assets and private equity investments |
(1,057,923 | ) | (803,466 | ) | ||||
| Trading liabilities |
(364,942 | ) | 1,131,663 | |||||
| Securities purchased under agreements to resell, net of securities sold under agreements to repurchase |
1,002,587 | 224,006 | ||||||
| Securities borrowed, net of securities loaned |
1,258,126 | (232,396 | ) | |||||
| Other secured borrowings |
(79,901 | ) | 11,732 | |||||
| Loans and receivables, net of allowance for doubtful accounts |
(756,782 | ) | (161,064 | ) | ||||
| Payables |
(289,513 | ) | 347,701 | |||||
| Bonus accrual |
(44,099 | ) | (37,128 | ) | ||||
| Accrued income taxes, net |
(4,534 | ) | (16,873 | ) | ||||
| Other, net |
144,393 | (236,432 | ) | |||||
|
|
|
|
|
|||||
| Net cash provided by operating activities |
127,244 | 404,791 | ||||||
|
|
|
|
|
|||||
| Cash flows from investing activities: |
||||||||
| Payments for purchases of office buildings, land, equipment and facilities |
(101,610 | ) | (114,549 | ) | ||||
| Proceeds from sales of office buildings, land, equipment and facilities |
48,022 | 94,214 | ||||||
| Payments for purchases of investments in equity securities |
(219 | ) | (100 | ) | ||||
| Proceeds from sales of investments in equity securities |
1,256 | 2,304 | ||||||
| Decrease in loans receivable at banks, net |
33,579 | 3,918 | ||||||
| Decrease (increase) in non-trading debt securities, net |
49,448 | (88,042 | ) | |||||
| Other, net |
744 | 4,146 | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) investing activities |
31,220 | (98,109 | ) | |||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Increase in long-term borrowings |
913,345 | 1,112,884 | ||||||
| Decrease in long-term borrowings |
(1,141,106 | ) | (947,062 | ) | ||||
| Increase (decrease) in short-term borrowings, net |
(310,354 | ) | 59,590 | |||||
| Increase (decrease) in deposits received at banks, net |
50,632 | (1,891 | ) | |||||
| Proceeds from sales of common stock held in treasury |
32 | 280 | ||||||
| Payments for repurchases of common stock held in treasury |
(2 | ) | (32,482 | ) | ||||
| Payments for cash dividends |
(7,334 | ) | (22,285 | ) | ||||
|
|
|
|
|
|||||
| Net cash provided by (used in) financing activities |
(494,787 | ) | 169,034 | |||||
|
|
|
|
|
|||||
| Effect of exchange rate changes on cash and cash equivalents |
(17,485 | ) | 17,240 | |||||
|
|
|
|
|
|||||
| Net increase (decrease) in cash and cash equivalents |
(353,808 | ) | 492,956 | |||||
| Cash and cash equivalents at beginning of year |
1,070,520 | 805,087 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at end of period |
¥ | 716,712 | ¥ | 1,298,043 | ||||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Cash flows from operating activities: |
||||||||
| Net income |
¥ | 11,437 | ¥ | 104,647 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||
| Depreciation and amortization |
45,299 | 39,853 | ||||||
| Gain on investments in equity securities |
(5,909 | ) | (12,889 | ) | ||||
| Deferred income taxes |
30,051 | 9,523 | ||||||
| Changes in operating assets and liabilities: |
||||||||
| Time deposits |
210,245 | 141,920 | ||||||
| Deposits with stock exchanges and other segregated cash |
28,709 | (106,007 | ) | |||||
| Trading assets and private equity investments |
(1,057,923 | ) | (803,462 | ) | ||||
| Trading liabilities |
(364,942 | ) | 1,131,663 | |||||
| Securities purchased under agreements to resell, net of securities sold under agreements to repurchase |
1,002,587 | 224,006 | ||||||
| Securities borrowed, net of securities loaned |
1,258,126 | (232,396 | ) | |||||
| Other secured borrowings |
(79,901 | ) | 11,732 | |||||
| Loans and receivables, net of allowance for doubtful accounts |
(756,782 | ) | (161,064 | ) | ||||
| Payables |
(289,513 | ) | 347,701 | |||||
| Bonus accrual |
(44,099 | ) | (37,128 | ) | ||||
| Accrued income taxes, net |
(4,534 | ) | (16,873 | ) | ||||
| Other, net |
144,393 | (236,432 | ) | |||||
|
|
|
|
|
|||||
| Net cash provided by operating activities |
127,244 | 404,794 | ||||||
|
|
|
|
|
|||||
| Cash flows from investing activities: |
||||||||
| Payments for purchases of office buildings, land, equipment and facilities |
(101,610 | ) | (114,549 | ) | ||||
| Proceeds from sales of office buildings, land, equipment and facilities |
48,022 | 94,214 | ||||||
| Payments for purchases of investments in equity securities |
(219 | ) | (100 | ) | ||||
| Proceeds from sales of investments in equity securities |
1,256 | 2,304 | ||||||
| Decrease in loans receivable at banks, net |
33,579 | 3,918 | ||||||
| Decrease (increase) in non-trading debt securities, net |
49,448 | (88,042 | ) | |||||
| Other, net |
744 | 4,146 | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) investing activities |
31,220 | (98,109 | ) | |||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Increase in long-term borrowings |
913,345 | 1,112,884 | ||||||
| Decrease in long-term borrowings |
(1,141,106 | ) | (947,062 | ) | ||||
| Increase (decrease) in short-term borrowings, net |
(310,354 | ) | 59,590 | |||||
| Increase (decrease) in deposits received at banks, net |
50,632 | (1,891 | ) | |||||
| Proceeds from sales of common stock held in treasury |
32 | 288 | ||||||
| Payments for repurchases of common stock held in treasury |
(2 | ) | (32,493 | ) | ||||
| Payments for cash dividends |
(7,334 | ) | (22,285 | ) | ||||
|
|
|
|
|
|||||
| Net cash provided by (used in) financing activities |
(494,787 | ) | 169,031 | |||||
|
|
|
|
|
|||||
| Effect of exchange rate changes on cash and cash equivalents |
(17,485 | ) | 17,240 | |||||
|
|
|
|
|
|||||
| Net increase (decrease) in cash and cash equivalents |
(353,808 | ) | 492,956 | |||||
| Cash and cash equivalents at beginning of year |
1,070,520 | 805,087 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at end of period |
¥ | 716,712 | ¥ | 1,298,043 | ||||
|
|
|
|
|
|||||
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 |
||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Basic— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 4,700 | ¥ | 104,007 | ||||
| Weighted average number of shares outstanding |
3,682,504,520 | 3,705,701,979 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 1.28 | ¥ | 28.07 | ||||
|
|
|
|
|
|||||
| Diluted— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 4,678 | ¥ | 103,984 | ||||
| Weighted average number of shares outstanding |
3,746,279,139 | 3,822,698,904 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 1.25 | ¥ | 27.20 | ||||
|
|
|
|
|
|||||
| Millions of yen except per share data presented in yen |
||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Basic— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 2,809 | ¥ | 38,113 | ||||
| Weighted average number of shares outstanding |
3,691,932,626 | 3,704,488,401 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.76 | ¥ | 10.29 | ||||
|
|
|
|
|
|||||
| Diluted— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 2,793 | ¥ | 38,108 | ||||
| Weighted average number of shares outstanding |
3,755,137,084 | 3,813,279,230 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.74 | ¥ | 9.99 | ||||
|
|
|
|
|
|||||
(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 |
||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Basic— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 4,700 | ¥ | 104,006 | ||||
| Weighted average number of shares outstanding |
3,682,504,520 | 3,705,694,494 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 1.28 | ¥ | 28.07 | ||||
|
|
|
|
|
|||||
| Diluted— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 4,678 | ¥ | 103,983 | ||||
| Weighted average number of shares outstanding |
3,746,279,139 | 3,822,691,418 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 1.25 | ¥ | 27.20 | ||||
|
|
|
|
|
|||||
| Millions of yen except per share data presented in yen |
||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Basic— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 2,809 | ¥ | 38,112 | ||||
| Weighted average number of shares outstanding |
3,691,932,626 | 3,704,475,301 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.76 | ¥ | 10.29 | ||||
|
|
|
|
|
|||||
| Diluted— |
||||||||
| Net income attributable to NHI shareholders |
¥ | 2,793 | ¥ | 38,107 | ||||
| Weighted average number of shares outstanding |
3,755,137,084 | 3,813,266,130 | ||||||
| Net income attributable to NHI shareholders per share |
¥ | 0.74 | ¥ | 9.99 | ||||
|
|
|
|
|
|||||
17. Segment and geographic information:
Operating segments—
(Omitted)
(Before Correction)
| Millions of yen | ||||||||||||||||||||
| Retail | Asset Management |
Wholesale | Other (Incl. elimination) |
Total | ||||||||||||||||
| Six months ended September 30, 2012 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 161,906 | ¥ | 30,677 | ¥ | 190,228 | ¥ | 315,673 | ¥ | 698,484 | ||||||||||
| Net interest revenue |
1,591 | 1,180 | 68,749 | (5,103 | ) | 66,417 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
163,497 | 31,857 | 258,977 | 310,570 | 764,901 | |||||||||||||||
| Non-interest expenses |
140,347 | 21,927 | 267,335 | 286,241 | 715,850 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 23,150 | ¥ | 9,930 | ¥ | (8,358 | ) | ¥ | 24,329 | ¥ | 49,051 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Six months ended September 30, 2013 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 283,200 | ¥ | 37,238 | ¥ | 313,739 | ¥ | 73,856 | ¥ | 708,033 | ||||||||||
| Net interest revenue |
2,872 | 1,562 | 64,219 | (1,175 | ) | 67,478 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
286,072 | 38,800 | 377,958 | 72,681 | 775,511 | |||||||||||||||
| Non-interest expenses |
165,011 | 25,937 | 327,435 | 83,176 | 601,559 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 121,061 | ¥ | 12,863 | ¥ | 50,523 | ¥ | (10,495 | ) | ¥ | 173,952 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
(After Correction)
| Millions of yen | ||||||||||||||||||||
| Retail | Asset Management |
Wholesale | Other (Incl. elimination) |
Total | ||||||||||||||||
| Six months ended September 30, 2012 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 161,906 | ¥ | 30,677 | ¥ | 190,228 | ¥ | 315,673 | ¥ | 698,484 | ||||||||||
| Net interest revenue |
1,591 | 1,180 | 68,749 | (5,103 | ) | 66,417 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
163,497 | 31,857 | 258,977 | 310,570 | 764,901 | |||||||||||||||
| Non-interest expenses |
140,347 | 21,927 | 267,335 | 286,241 | 715,850 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 23,150 | ¥ | 9,930 | ¥ | (8,358 | ) | ¥ | 24,329 | ¥ | 49,051 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Six months ended September 30, 2013 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 283,200 | ¥ | 37,238 | ¥ | 313,738 | ¥ | 73,856 | ¥ | 708,032 | ||||||||||
| Net interest revenue |
2,872 | 1,562 | 64,219 | (1,175 | ) | 67,478 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
286,072 | 38,800 | 377,957 | 72,681 | 775,510 | |||||||||||||||
| Non-interest expenses |
165,011 | 25,937 | 327,435 | 83,176 | 601,559 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 121,061 | ¥ | 12,863 | ¥ | 50,522 | ¥ | (10,495 | ) | ¥ | 173,951 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
(Before Correction)
| Millions of yen | ||||||||||||||||||||
| Retail | Asset Management |
Wholesale | Other (Incl. elimination) |
Total | ||||||||||||||||
| Three months ended September 30, 2012 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 80,192 | ¥ | 15,446 | ¥ | 103,974 | ¥ | 156,423 | ¥ | 356,035 | ||||||||||
| Net interest revenue |
594 | (7 | ) | 33,120 | (420 | ) | 33,287 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
80,786 | 15,439 | 137,094 | 156,003 | 389,322 | |||||||||||||||
| Non-interest expenses |
69,824 | 10,879 | 136,901 | 148,658 | 366,262 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 10,962 | ¥ | 4,560 | ¥ | 193 | ¥ | 7,345 | ¥ | 23,060 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Three months ended September 30, 2013 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 118,322 | ¥ | 18,485 | ¥ | 162,104 | ¥ | 26,341 | ¥ | 325,252 | ||||||||||
| Net interest revenue |
1,408 | 141 | 21,245 | 3,308 | 26,102 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
119,730 | 18,626 | 183,349 | 29,649 | 351,354 | |||||||||||||||
| Non-interest expenses |
79,774 | 12,454 | 158,063 | 33,166 | 283,457 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 39,956 | ¥ | 6,172 | ¥ | 25,286 | ¥ | (3,517 | ) | ¥ | 67,897 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
(After Correction)
| Millions of yen | ||||||||||||||||||||
| Retail | Asset Management |
Wholesale | Other (Incl. elimination) |
Total | ||||||||||||||||
| Three months ended September 30, 2012 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 80,192 | ¥ | 15,446 | ¥ | 103,974 | ¥ | 156,423 | ¥ | 356,035 | ||||||||||
| Net interest revenue |
594 | (7 | ) | 33,120 | (420 | ) | 33,287 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
80,786 | 15,439 | 137,094 | 156,003 | 389,322 | |||||||||||||||
| Non-interest expenses |
69,824 | 10,879 | 136,901 | 148,658 | 366,262 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 10,962 | ¥ | 4,560 | ¥ | 193 | ¥ | 7,345 | ¥ | 23,060 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Three months ended September 30, 2013 |
||||||||||||||||||||
| Non-interest revenue |
¥ | 118,322 | ¥ | 18,485 | ¥ | 162,103 | ¥ | 26,341 | ¥ | 325,251 | ||||||||||
| Net interest revenue |
1,408 | 141 | 21,245 | 3,308 | 26,102 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Net revenue |
119,730 | 18,626 | 183,348 | 29,649 | 351,353 | |||||||||||||||
| Non-interest expenses |
79,774 | 12,454 | 158,063 | 33,166 | 283,457 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income (loss) before income taxes |
¥ | 39,956 | ¥ | 6,172 | ¥ | 25,285 | ¥ | (3,517 | ) | ¥ | 67,896 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
(Omitted)
The tables below present 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.
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue |
¥ | 764,901 | ¥ | 775,511 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
6,032 | 12,201 | ||||||
|
|
|
|
|
|||||
| Consolidated net revenue |
¥ | 770,933 | ¥ | 787,712 | ||||
|
|
|
|
|
|||||
| Non-interest expenses |
¥ | 715,850 | ¥ | 601,559 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
— | — | ||||||
|
|
|
|
|
|||||
| Consolidated non-interest expenses |
¥ | 715,850 | ¥ | 601,559 | ||||
|
|
|
|
|
|||||
| Income before income taxes |
¥ | 49,051 | ¥ | 173,952 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
6,032 | 12,201 | ||||||
|
|
|
|
|
|||||
| Consolidated income before income taxes |
¥ | 55,083 | ¥ | 186,153 | ||||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue |
¥ | 764,901 | ¥ | 775,510 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
6,032 | 12,201 | ||||||
|
|
|
|
|
|||||
| Consolidated net revenue |
¥ | 770,933 | ¥ | 787,711 | ||||
|
|
|
|
|
|||||
| Non-interest expenses |
¥ | 715,850 | ¥ | 601,559 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
— | — | ||||||
|
|
|
|
|
|||||
| Consolidated non-interest expenses |
¥ | 715,850 | ¥ | 601,559 | ||||
|
|
|
|
|
|||||
| Income before income taxes |
¥ | 49,051 | ¥ | 173,951 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
6,032 | 12,201 | ||||||
|
|
|
|
|
|||||
| Consolidated income before income taxes |
¥ | 55,083 | ¥ | 186,152 | ||||
|
|
|
|
|
|||||
(Before Correction)
| Millions of yen | ||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue |
¥ | 389,322 | ¥ | 351,354 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
12,357 | 5,037 | ||||||
|
|
|
|
|
|||||
| Consolidated net revenue |
¥ | 401,679 | ¥ | 356,391 | ||||
|
|
|
|
|
|||||
| Non-interest expenses |
¥ | 366,262 | ¥ | 283,457 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
— | — | ||||||
|
|
|
|
|
|||||
| Consolidated non-interest expenses |
¥ | 366,262 | ¥ | 283,457 | ||||
|
|
|
|
|
|||||
| Income before income taxes |
¥ | 23,060 | ¥ | 67,897 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
12,357 | 5,037 | ||||||
|
|
|
|
|
|||||
| Consolidated income before income taxes |
¥ | 35,417 | ¥ | 72,934 | ||||
|
|
|
|
|
|||||
(After Correction)
| Millions of yen | ||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue |
¥ | 389,322 | ¥ | 351,353 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
12,357 | 5,037 | ||||||
|
|
|
|
|
|||||
| Consolidated net revenue |
¥ | 401,679 | ¥ | 356,390 | ||||
|
|
|
|
|
|||||
| Non-interest expenses |
¥ | 366,262 | ¥ | 283,457 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
— | — | ||||||
|
|
|
|
|
|||||
| Consolidated non-interest expenses |
¥ | 366,262 | ¥ | 283,457 | ||||
|
|
|
|
|
|||||
| Income before income taxes |
¥ | 23,060 | ¥ | 67,896 | ||||
| Unrealized gain on investments in equity securities held for operating purposes |
12,357 | 5,037 | ||||||
|
|
|
|
|
|||||
| Consolidated income before income taxes |
¥ | 35,417 | ¥ | 72,933 | ||||
|
|
|
|
|
|||||
Geographic information—
(Omitted)
(Before Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue(1): |
||||||||
| Americas |
¥ | 101,310 | ¥ | 109,859 | ||||
| Europe |
79,287 | 127,253 | ||||||
| Asia and Oceania |
16,382 | 31,610 | ||||||
|
|
|
|
|
|||||
| Subtotal |
196,979 | 268,722 | ||||||
| Japan |
573,954 | 518,990 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 770,933 | ¥ | 787,712 | ||||
|
|
|
|
|
|||||
| Income (loss) before income taxes: |
||||||||
| Americas |
¥ | 21,857 | ¥ | (9,824 | ) | |||
| Europe |
(56,690 | ) | (24,049 | ) | ||||
| Asia and Oceania |
(6,826 | ) | 1,490 | |||||
|
|
|
|
|
|||||
| Subtotal |
(41,659 | ) | (32,383 | ) | ||||
| Japan |
96,742 | 218,536 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 55,083 | ¥ | 186,153 | ||||
|
|
|
|
|
|||||
| (1) | There is no revenue derived from transactions with a single major external customer. |
(After Correction)
| Millions of yen | ||||||||
| Six months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue(1): |
||||||||
| Americas |
¥ | 101,310 | ¥ | 109,859 | ||||
| Europe |
79,287 | 127,252 | ||||||
| Asia and Oceania |
16,382 | 31,610 | ||||||
|
|
|
|
|
|||||
| Subtotal |
196,979 | 268,721 | ||||||
| Japan |
573,954 | 518,990 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 770,933 | ¥ | 787,711 | ||||
|
|
|
|
|
|||||
| Income (loss) before income taxes: |
||||||||
| Americas |
¥ | 21,857 | ¥ | (9,824 | ) | |||
| Europe |
(56,690 | ) | (24,050 | ) | ||||
| Asia and Oceania |
(6,826 | ) | 1,490 | |||||
|
|
|
|
|
|||||
| Subtotal |
(41,659 | ) | (32,384 | ) | ||||
| Japan |
96,742 | 218,536 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 55,083 | ¥ | 186,152 | ||||
|
|
|
|
|
|||||
| (1) | There is no revenue derived from transactions with a single major external customer. |
(Before Correction)
| Millions of yen | ||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue(1): |
||||||||
| Americas |
¥ | 59,878 | ¥ | 54,626 | ||||
| Europe |
26,988 | 51,811 | ||||||
| Asia and Oceania |
8,695 | 14,765 | ||||||
|
|
|
|
|
|||||
| Subtotal |
95,561 | 121,202 | ||||||
| Japan |
306,118 | 235,189 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 401,679 | ¥ | 356,391 | ||||
|
|
|
|
|
|||||
| Income (loss) before income taxes: |
||||||||
| Americas |
¥ | 15,604 | ¥ | (1,328 | ) | |||
| Europe |
(40,255 | ) | (19,601 | ) | ||||
| Asia and Oceania |
(4,951 | ) | 2,270 | |||||
|
|
|
|
|
|||||
| Subtotal |
(29,602 | ) | (18,659 | ) | ||||
| Japan |
65,019 | 91,593 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 35,417 | ¥ | 72,934 | ||||
|
|
|
|
|
|||||
| (1) | There is no revenue derived from transactions with a single major external customer. |
(After Correction)
| Millions of yen | ||||||||
| Three months ended September 30 | ||||||||
| 2012 | 2013 | |||||||
| Net revenue(1): |
||||||||
| Americas |
¥ | 59,878 | ¥ | 54,626 | ||||
| Europe |
26,988 | 51,810 | ||||||
| Asia and Oceania |
8,695 | 14,765 | ||||||
|
|
|
|
|
|||||
| Subtotal |
95,561 | 121,201 | ||||||
| Japan |
306,118 | 235,189 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 401,679 | ¥ | 356,390 | ||||
|
|
|
|
|
|||||
| Income (loss) before income taxes: |
||||||||
| Americas |
¥ | 15,604 | ¥ | (1,328 | ) | |||
| Europe |
(40,255 | ) | (19,602 | ) | ||||
| Asia and Oceania |
(4,951 | ) | 2,270 | |||||
|
|
|
|
|
|||||
| Subtotal |
(29,602 | ) | (18,660 | ) | ||||
| Japan |
65,019 | 91,593 | ||||||
|
|
|
|
|
|||||
| Consolidated |
¥ | 35,417 | ¥ | 72,933 | ||||
|
|
|
|
|
|||||
| (1) | There is no revenue derived from transactions with a single major external customer. |
Capitalization and Indebtedness
The following table sets forth, on a U.S. GAAP basis, the consolidated capitalization and indebtedness of Nomura Holdings, Inc. (“NHI”) as of September 30, 2013. There has been no material change in NHI’s capitalization and indebtedness since September 30, 2013.
(Before Correction)
| Millions of yen | ||||
| September 30, 2013 |
||||
| Short-term borrowings |
¥ | 800,966 | ||
| Long-term borrowings |
7,637,759 | |||
| NHI shareholders’ equity: |
||||
| Common stock |
||||
| Authorized—6,000,000,000 shares as of September 30, 2013 Issued—3,822,562,601 shares as of September 30, 2013 Outstanding—3,706,484,721 shares as of September 30, 2013 |
594,493 | |||
| Additional paid-in capital |
682,048 | |||
| Retained earnings |
1,210,878 | |||
| Accumulated other comprehensive income (loss) |
(28,579 | ) | ||
|
|
|
|||
| Total NHI shareholders’ equity before treasury stock |
2,458,840 | |||
| Common stock held in treasury, at cost—116,077,880 shares as of September 30, 2013 |
(79,651 | ) | ||
|
|
|
|||
| Total NHI shareholders’ equity |
2,379,189 | |||
| Noncontrolling interests |
32,117 | |||
|
|
|
|||
| Total equity |
2,411,306 | |||
|
|
|
|||
| Total capitalization and indebtedness |
¥ | 10,850,031 | ||
|
|
|
|||
NHI enters into various guarantee arrangements in the form of standby letters of credit and other guarantees with third parties. The amount of potential future payments under these guarantee contracts outstanding as of September 30, 2013 was ¥8,660 million.
(After Correction)
| Millions of yen | ||||
| September 30, 2013 |
||||
| Short-term borrowings |
¥ | 800,966 | ||
| Long-term borrowings |
7,637,759 | |||
| NHI shareholders’ equity: |
||||
| Common stock |
||||
| Authorized—6,000,000,000 shares as of September 30, 2013 Issued—3,822,562,601 shares as of September 30, 2013 Outstanding—3,706,480,021 shares as of September 30, 2013 |
594,493 | |||
| Additional paid-in capital |
682,048 | |||
| Retained earnings |
1,210,877 | |||
| Accumulated other comprehensive income (loss) |
(28,579 | ) | ||
|
|
|
|||
| Total NHI shareholders’ equity before treasury stock |
2,458,839 | |||
| Common stock held in treasury, at cost—116,082,580 shares as of September 30, 2013 |
(79,654 | ) | ||
|
|
|
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| Total NHI shareholders’ equity |
2,379,185 | |||
| Noncontrolling interests |
32,117 | |||
|
|
|
|||
| Total equity |
2,411,302 | |||
|
|
|
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| Total capitalization and indebtedness |
¥ | 10,850,027 | ||
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NHI enters into various guarantee arrangements in the form of standby letters of credit and other guarantees with third parties. The amount of potential future payments under these guarantee contracts outstanding as of September 30, 2013 was ¥8,660 million.
Ratio of Earnings to Fixed Charges and Computation Thereof
The following table sets forth the ratio of earnings to fixed charges of NHI for the six months ended September 30, 2013, in accordance with U.S. GAAP.
(Before Correction)
| Millions of yen | ||||
| For the six months ended September 30, 2013 |
||||
| Earnings: |
||||
| Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
¥ | 168,535 | ||
| Add: Fixed charges |
145,938 | |||
| Distributed income of equity investees |
4,174 | |||
|
|
|
|||
| Earnings as defined |
¥ | 318,647 | ||
|
|
|
|||
| Fixed charges |
¥ | 145,938 | ||
| Ratio of earnings to fixed charges(1) |
2.2 | |||
| (1) | For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of pre-tax income before adjustment for income or loss from equity investees, plus (i) fixed charges and (ii) distributed income of equity investees. Fixed charges consist of interest expense. Fixed charges exclude premium and discount amortization as well as interest expense, which are included in Net gain (loss) on trading. Fixed charges also exclude interest within rent expense, which is insignificant. |
(After Correction)
| Millions of yen | ||||
| For the six months ended September 30, 2013 |
||||
| Earnings: |
||||
| Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
¥ | 168,534 | ||
| Add: Fixed charges |
145,938 | |||
| Distributed income of equity investees |
4,174 | |||
|
|
|
|||
| Earnings as defined |
¥ | 318,646 | ||
|
|
|
|||
| Fixed charges |
¥ | 145,938 | ||
| Ratio of earnings to fixed charges(1) |
2.2 | |||
| (1) | For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of pre-tax income before adjustment for income or loss from equity investees, plus (i) fixed charges and (ii) distributed income of equity investees. Fixed charges consist of interest expense. Fixed charges exclude premium and discount amortization as well as interest expense, which are included in Net gain (loss) on trading. Fixed charges also exclude interest within rent expense, which is insignificant. |