Cover Page
Cover Page | 12 Months Ended |
Mar. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Annual Report | true |
Document Transition Report | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Current Fiscal Year End Date | --03-31 |
Document Period End Date | Mar. 31, 2022 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Registrant Name | Nomura Holdings, Inc. |
Entity Central Index Key | 0001163653 |
Document Accounting Standard | U.S. GAAP |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Document Shell Company Report | false |
Entity Address, Address Line One | 13-1, Nihonbashi 1-chome |
Entity Address, City or Town | Chuo-ku |
Entity Address, Postal Zip Code | 103-8645 |
Entity File Number | 1-15270 |
Entity Incorporation, State or Country Code | M0 |
Entity Address, Country | JP |
Document Registration Statement | false |
Entity Common Stock, Shares Outstanding | 3,017,804,012 |
ICFR Auditor Attestation Flag | true |
Auditor Name | Ernst & Young ShinNihon LLC |
Auditor Firm ID | 789 |
Auditor Location | Tokyo, Japan |
ADS [Member] | |
Document Information [Line Items] | |
Trading Symbol | NMR |
Title of 12(b) Security | American Depositary Shares |
Security Exchange Name | NYSE |
Common Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Common Stock |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Address Line One | 13-1, Nihonbashi 1-chome |
Entity Address, City or Town | Chuo-ku |
Entity Address, Postal Zip Code | 103-8645 |
Entity Address, Country | JP |
Contact Personnel Name | Takumi Kitamura |
City Area Code | 3 |
Country Region | 81 |
Local Phone Number | 5255-1000 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Cash and cash deposits: | |||
Cash and cash equivalents | ¥ 3,316,238 | ¥ 3,509,754 | |
Time deposits | 320,754 | 281,422 | |
Deposits with stock exchanges and other segregated cash | 426,519 | 373,559 | |
Total cash and cash deposits | 4,063,511 | 4,164,735 | |
Loans and receivables: | |||
Loans receivable (includes ¥818,523 and ¥1,210,590 at fair value) | 3,579,727 | 2,943,472 | |
Receivables from customers (includes ¥163,388 and ¥86,839 at fair value) | 417,661 | 459,090 | |
Receivables from other than customers (includes ¥ nil and ¥10,362 at fair value) | 1,069,660 | 793,669 | |
Allowance for credit losses | (66,346) | (53,784) | |
Total loans and receivables | 5,000,702 | 4,142,447 | |
Collateralized agreements: | |||
Securities purchased under agreements to resell (includes ¥366,506 and ¥297,653 at fair value) | 11,879,312 | 10,775,078 | |
Securities borrowed | 4,997,129 | 5,264,360 | |
Total collateralized agreements | 16,876,441 | 16,039,438 | |
Trading assets and private equity and debt investments: | |||
Trading assets (includes assets pledged of ¥5,587,555 and ¥4,643,412; includes ¥10,122 and ¥14,328 at fair value) | 15,230,817 | 15,674,354 | |
Private equity and debt investments (includes ¥3,599 and ¥10,770 at fair value) | 65,193 | 63,825 | |
Total trading assets and private equity and debt investments | 15,296,010 | 15,738,179 | |
Other assets: | |||
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥395,429 and ¥426,081) | 419,047 | 464,449 | |
Non-trading debt securities (includes assets pledged of ¥ 9,427 and ¥ 17,823) | 484,681 | 426,758 | |
Investments in equity securities (includes assets pledged of ¥ nil and ¥ 606) | 133,897 | 126,649 | |
Investments in and advances to affiliated companies (includes assets pledged of ¥ nil and ¥ 5,038) | 364,281 | 364,393 | |
Other (includes ¥171,482 and ¥169,080 at fair value) | 773,586 | 1,049,432 | |
Total other assets | 2,175,492 | 2,431,681 | |
Total assets | 43,412,156 | 42,516,480 | |
LIABILITIES AND EQUITY | |||
Short-term borrowings (includes ¥634,714 and ¥710,629 at fair value) | [1] | 1,050,141 | 1,368,098 |
Payables and deposits: | |||
Payables to customers | 1,522,961 | 1,454,755 | |
Payables to other than customers | 1,636,725 | 1,773,699 | |
Deposits received at banks (includes ¥49,874 and ¥71,156 at fair value) | 1,760,679 | 1,342,464 | |
Total payables and deposits | 4,920,365 | 4,570,918 | |
Collateralized financing: | |||
Securities sold under agreements to repurchase (includes ¥224,056 and ¥411,847 at fair value) | 12,574,556 | 13,360,429 | |
Securities loaned (includes ¥128,886 and ¥104,606 at fair value) | 1,567,351 | 1,380,629 | |
Other secured borrowings | 396,291 | 392,515 | |
Total collateralized financing | 14,538,198 | 15,133,573 | |
Trading liabilities | 9,652,118 | 9,473,261 | |
Other liabilities (includes ¥44,708 and ¥52,110 at fair value) | 1,020,225 | 1,239,167 | |
Long-term borrowings (includes ¥4,098,457 and ¥4,557,326 at fair value) | 9,258,306 | 7,975,012 | |
Total liabilities | 40,439,353 | 39,760,029 | |
Commitments and contingencies | |||
Common stock | |||
No par value shares; Authorized—6,000,000,000 shares Issued—3,233,562,601 shares Outstanding—3,063,155,434 and 3,017,804,012 shares | 594,493 | 594,493 | |
Additional paid-in capital | 697,507 | 696,122 | |
Retained earnings | 1,606,987 | 1,533,713 | |
Accumulated other comprehensive income | 127,973 | (38,144) | |
Total NHI shareholders' equity before treasury stock | 3,026,960 | 2,786,184 | |
Common stock held in treasury, at cost—170,407,167 and 215,758,589 shares | (112,355) | (91,246) | |
Total NHI shareholders' equity | 2,914,605 | 2,694,938 | |
Noncontrolling interests | 58,198 | 61,513 | |
Total equity | 2,972,803 | 2,756,451 | |
Total liabilities and equity | 43,412,156 | 42,516,480 | |
Variable Interest Entity, primary beneficiary [Member] | |||
Cash and cash deposits: | |||
Cash and cash equivalents | 62,000 | 13,000 | |
Trading assets and private equity and debt investments: | |||
Total trading assets and private equity and debt investments | 1,024,000 | 984,000 | |
Other assets: | |||
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥395,429 and ¥426,081) | 10,000 | 51,000 | |
Other (includes ¥171,482 and ¥169,080 at fair value) | 115,000 | 26,000 | |
Total other assets | 125,000 | 77,000 | |
Total assets | 1,211,000 | 1,074,000 | |
LIABILITIES AND EQUITY | |||
Short-term borrowings (includes ¥634,714 and ¥710,629 at fair value) | 95,000 | 74,000 | |
Collateralized financing: | |||
Trading liabilities | 0 | 2,000 | |
Other liabilities (includes ¥44,708 and ¥52,110 at fair value) | 6,000 | 2,000 | |
Long-term borrowings (includes ¥4,098,457 and ¥4,557,326 at fair value) | 797,000 | 763,000 | |
Borrowings | 892,000 | 837,000 | |
Total liabilities | ¥ 898,000 | ¥ 841,000 | |
[1]Includes secured borrowings of ¥55,569 million as of March 31, 2021 and ¥92,580 million as of March 31, 2022. |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Loans receivable, fair value | [1] | ¥ 1,210,590 | ¥ 818,523 |
Receivables from customers, fair value | 86,839 | 163,388 | |
Receivable from other than customers | 10,362 | ||
Securities purchased under agreements to resell, fair value | 297,653 | 366,506 | |
Trading assets, securities pledged as collateral | 4,643,412 | 5,587,555 | |
Trading assets, fair value | 14,328 | 10,122 | |
Private equity investments, fair value | 10,770 | 3,599 | |
Office buildings, land, equipment and facilities, net of accumulated depreciation and amortization | 426,081 | 395,429 | |
Securities pledged as collateral | 17,823 | 9,427 | |
Other, fair value | 169,080 | 171,482 | |
Short-term borrowings, fair value | 710,629 | 634,714 | |
Deposits received at banks, fair value | 71,156 | 49,874 | |
Securities sold under agreements to repurchase, fair value | 411,847 | 224,056 | |
Securities loaned, fair value | 104,606 | 128,886 | |
Other liabilities, fair value | 52,110 | 44,708 | |
Long-term borrowings, fair value | ¥ 4,557,326 | ¥ 4,098,457 | |
Common stock | |||
Authorized | 6,000,000,000 | 6,000,000,000 | |
Issued | 3,233,562,601 | 3,233,562,601 | |
Outstanding | 3,017,804,012 | 3,063,155,434 | |
Common stock held in treasury, shares | 215,758,589 | 170,407,167 | |
Equity Securities [Member] | |||
Securities pledged as collateral | ¥ 606 | ||
Other Affiliates [Member] | |||
Securities pledged as collateral | ¥ 5,038 | ||
[1]Includes loans receivable and loan commitments carried at fair value through election of the fair value option. |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||||
Revenue: | ||||||
Commissions | ¥ 332,344 | ¥ 376,897 | ¥ 308,805 | |||
Fees from investment banking | 149,603 | 108,681 | 103,222 | |||
Asset management and portfolio service fees | 269,985 | 230,047 | 238,202 | |||
Net gain on trading | 368,799 | 310,040 | 356,609 | |||
Gain (loss) on private equity and debt investments | 30,768 | 12,734 | (93) | |||
Interest and dividends | 284,222 | 356,466 | 794,472 | |||
Gain (loss) on investments in equity securities | 5,446 | 14,053 | (14,726) | |||
Other | 152,832 | 208,317 | 165,991 | |||
Total revenue | 1,593,999 | 1,617,235 | 1,952,482 | |||
Interest expense | 230,109 | 215,363 | 664,653 | |||
Net revenue | [2] | 1,363,890 | [1] | 1,401,872 | [1] | 1,287,829 |
Non-interest expenses: | ||||||
Compensation and benefits | 529,506 | 507,906 | 479,420 | |||
Commissions and floor brokerage | 105,204 | 111,550 | 106,123 | |||
Information processing and communications | 184,319 | 178,835 | 170,317 | |||
Occupancy and related depreciation | 69,742 | 72,367 | 72,986 | |||
Business development expenses | 15,641 | 13,520 | 31,885 | |||
Other | 232,855 | 287,023 | 178,837 | |||
Total non-interest expenses | 1,137,267 | 1,171,201 | 1,039,568 | |||
Income before income taxes | 226,623 | [1] | 230,671 | [1] | 248,261 | |
Income tax expense | 80,090 | 70,274 | 28,894 | |||
Net income | 146,533 | 160,397 | 219,367 | |||
Less: Net income attributable to noncontrolling interests | 3,537 | 7,281 | 2,369 | |||
Net income (loss) attributable to NHI shareholders | ¥ 142,996 | ¥ 153,116 | ¥ 216,998 | |||
Basic- | ||||||
Net income attributable to NHI shareholders per share | ¥ 46.68 | ¥ 50.11 | ¥ 67.76 | |||
Diluted- | ||||||
Net income attributable to NHI shareholders per share | ¥ 45.23 | ¥ 48.63 | ¥ 66.2 | |||
[1]Includes losses arising from the U.S. Prime Brokerage Event. See Note 23 “U.S. Prime Brokerage Event.”[2]There is no revenue derived from transactions with a single major external customer. |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | |||
Net income | ¥ 146,533 | ¥ 160,397 | ¥ 219,367 |
Change in cumulative translation adjustments: | |||
Change in cumulative translation adjustments | 122,468 | 46,821 | (45,000) |
Deferred income taxes | (946) | (1,287) | 591 |
Total | 121,522 | 45,534 | (44,409) |
Defined benefit pension plans: | |||
Pension liability adjustment | (404) | 20,720 | 7,843 |
Deferred income taxes | 78 | (1,626) | 693 |
Total | (326) | 19,094 | 8,536 |
Own credit adjustments: | |||
Own credit adjustments | 60,777 | (91,666) | 48,295 |
Deferred income taxes | (12,930) | 15,943 | (9,779) |
Total | 47,847 | (75,723) | 38,516 |
Total other comprehensive income (loss) | 169,043 | (11,095) | 2,643 |
Comprehensive income | 315,576 | 149,302 | 222,010 |
Less: Comprehensive income attributable to noncontrolling interests | 6,463 | 8,225 | 2,067 |
Comprehensive income attributable to NHI shareholders | ¥ 309,113 | ¥ 141,077 | ¥ 219,943 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - JPY (¥) ¥ in Millions | Total | Common stock [Member] | Additional paid-in capital [Member] | Retained earnings [Member] | Cumulative translation adjustments [Member] | Defined benefit pension plans [Member] | Own credit adjustments [Member] | Accumulated other comprehensive income (loss) [Member] | Common stock held in treasury [Member] | Total NHI shareholders' equity [Member] | Noncontrolling interests [Member] | |
Balance at beginning of year at Mar. 31, 2019 | ¥ 594,493 | ¥ 687,761 | ¥ 1,486,825 | ¥ 17,833 | ¥ (71,107) | ¥ 24,224 | ¥ (108,968) | ¥ 49,732 | ||||
Cumulative effect of change in accounting principle | [1] | 5,592 | ||||||||||
Net income attributable to NHI shareholders | ¥ 216,998 | 216,998 | ||||||||||
Cash dividends | (63,670) | (1,483) | ||||||||||
Gain (loss) on sales of treasury stock | (294) | |||||||||||
Stock-based compensation awards | (4,326) | |||||||||||
Changes in ownership interests in subsidiaries | (203) | |||||||||||
Changes in an affiliated company's interests in its subsidiary | ||||||||||||
Net change during the year | (44,107) | |||||||||||
Pension liability adjustment | 8,536 | 8,536 | ||||||||||
Own credit adjustments | 38,516 | 38,516 | ||||||||||
Repurchases of common stock | (150,009) | |||||||||||
Sales of common stock | 0 | |||||||||||
Common stock issued to employees | 15,373 | |||||||||||
Cancellation of treasury stock | ||||||||||||
Net income attributable to noncontrolling interests | (2,369) | 2,369 | ||||||||||
Accumulated other comprehensive income (loss) attributable to noncontrolling interests | ||||||||||||
Cumulative translation adjustments | (302) | |||||||||||
Purchase/sale (disposition) of subsidiary shares, etc., net | 18,264 | |||||||||||
Other net change in noncontrolling interests | 9,217 | |||||||||||
Balance at end of year at Mar. 31, 2020 | 2,731,264 | 594,493 | 683,232 | 1,645,451 | (26,274) | (62,571) | 62,740 | ¥ (26,105) | (243,604) | ¥ 2,653,467 | 77,797 | |
Cumulative effect of change in accounting principle | [1] | (18,200) | ||||||||||
Net income attributable to NHI shareholders | 153,116 | 153,116 | ||||||||||
Cash dividends | (107,104) | (1,416) | ||||||||||
Gain (loss) on sales of treasury stock | (346) | |||||||||||
Stock-based compensation awards | 11,775 | |||||||||||
Changes in ownership interests in subsidiaries | ||||||||||||
Changes in an affiliated company's interests in its subsidiary | 1,115 | |||||||||||
Net change during the year | 44,590 | |||||||||||
Pension liability adjustment | 19,094 | 19,094 | ||||||||||
Own credit adjustments | (75,723) | (75,723) | ||||||||||
Repurchases of common stock | (11) | |||||||||||
Sales of common stock | 0 | |||||||||||
Common stock issued to employees | 13,165 | |||||||||||
Cancellation of treasury stock | (139,204) | 139,204 | ||||||||||
Net income attributable to noncontrolling interests | (7,281) | 7,281 | ||||||||||
Accumulated other comprehensive income (loss) attributable to noncontrolling interests | ||||||||||||
Cumulative translation adjustments | 944 | |||||||||||
Purchase/sale (disposition) of subsidiary shares, etc., net | 673 | |||||||||||
Other net change in noncontrolling interests | (23,766) | |||||||||||
Balance at end of year at Mar. 31, 2021 | 2,756,451 | 594,493 | 696,122 | 1,533,713 | 18,316 | (43,477) | (12,983) | (38,144) | (91,246) | 2,694,938 | 61,513 | |
Cumulative effect of change in accounting principle | [1] | |||||||||||
Net income attributable to NHI shareholders | 142,996 | 142,996 | ||||||||||
Cash dividends | (67,007) | (1,421) | ||||||||||
Gain (loss) on sales of treasury stock | (2,715) | |||||||||||
Stock-based compensation awards | 1,421 | |||||||||||
Changes in ownership interests in subsidiaries | ||||||||||||
Changes in an affiliated company's interests in its subsidiary | ||||||||||||
Changes In An Affiliated Company Interests | (36) | |||||||||||
Net change during the year | 118,596 | |||||||||||
Pension liability adjustment | (326) | (326) | ||||||||||
Own credit adjustments | 47,847 | 47,847 | ||||||||||
Repurchases of common stock | (39,650) | |||||||||||
Sales of common stock | 0 | |||||||||||
Common stock issued to employees | 18,541 | |||||||||||
Cancellation of treasury stock | ||||||||||||
Net income attributable to noncontrolling interests | (3,537) | 3,537 | ||||||||||
Accumulated other comprehensive income (loss) attributable to noncontrolling interests | ||||||||||||
Cumulative translation adjustments | 2,926 | |||||||||||
Purchase/sale (disposition) of subsidiary shares, etc., net | 1,307 | |||||||||||
Other net change in noncontrolling interests | (9,664) | |||||||||||
Balance at end of year at Mar. 31, 2022 | ¥ 2,972,803 | ¥ 594,493 | ¥ 697,507 | ¥ 1,606,987 | ¥ 136,912 | ¥ (43,803) | ¥ 34,864 | ¥ 127,973 | ¥ (112,355) | ¥ 2,914,605 | ¥ 58,198 | |
[1]Represents the adjustments to initially apply Accounting Standards Update ASU 2016-02, “Leases” for the year ended March 31, 2020 and ASU 2016-13, “Measurement of Credit Losses on Financial Instruments” for the year ended March 31, 2021. |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Cash flows from operating activities: | |||
Net income | ¥ 146,533 | ¥ 160,397 | ¥ 219,367 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Depreciation and amortization | 59,524 | 63,846 | 63,583 |
Stock-based compensation | 27,941 | 28,251 | 12,694 |
(Gain) loss on investments in equity securities | (5,446) | (14,053) | 14,726 |
(Gain) loss on investments in subsidiaries and affiliates | (79,396) | 45,086 | (72,841) |
Equity in earnings of affiliates, net of dividends received | (20,235) | (15,716) | (20,342) |
Gain on disposal of office buildings, land, equipment and facilities | (3,490) | (64,730) | (3,957) |
Deferred income taxes | 3,106 | (21,113) | (23,911) |
Changes in operating assets and liabilities: | |||
Time deposits | (23,064) | 43,560 | (33,029) |
Deposits with stock exchanges and other segregated cash | (18,408) | 13,878 | (97,424) |
Trading assets and private equity and debt investments | 1,254,261 | 1,468,357 | (2,754,743) |
Trading liabilities | (284,747) | 777,741 | 428,997 |
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase | (2,220,493) | (1,453,871) | 2,224,371 |
Securities borrowed, net of securities loaned | 595,116 | (1,242,489) | 291,777 |
Other secured borrowings | 2,120 | (326,450) | 301,019 |
Loans and receivables, net of allowance for credit losses | (412,429) | 1,145,429 | (1,358,242) |
Payables | (247,980) | (33,994) | 788,007 |
Bonus accrual | (1,865) | 15,840 | 16,202 |
Accrued income taxes, net | (37,639) | 55,712 | (2,787) |
Other, net | (102,119) | 20,089 | (9,410) |
Net cash provided by (used in) operating activities | (1,368,710) | 665,770 | (15,943) |
Cash flows from investing activities: | |||
Payments for purchases of office buildings, land, equipment and facilities | (111,331) | (119,875) | (206,745) |
Proceeds from sales of office buildings, land, equipment and facilities | 94,985 | 49,642 | 209,197 |
Payments for purchases of investments in equity securities | (300) | ||
Proceeds from sales of investments in equity securities | 2,502 | 6,502 | 13,323 |
Decrease (increase) in loans receivable at banks, net | (112,782) | (83,412) | 43,920 |
Decrease (increase) in non-trading debt securities, net | (51,065) | 38,409 | (2,359) |
Business combinations or disposals, net | (11,152) | (2,484) | |
Decrease (increase) in investments in affiliated companies, net | 103,437 | (9,182) | 160,799 |
Other, net | 29,253 | (9,958) | 685 |
Net cash provided by (used in) investing activities | (45,301) | (139,026) | 216,336 |
Cash flows from financing activities: | |||
Increase in long-term borrowings | 3,895,059 | 2,067,725 | 2,364,260 |
Decrease in long-term borrowings | (2,670,106) | (2,068,695) | (2,402,621) |
Increase (decrease) in short-term borrowings, net | (475,509) | (325,237) | 656,205 |
Increase (decrease) in deposits received at banks, net | 448,099 | 126,177 | (93,260) |
Proceeds from sales of common stock held in treasury | 11 | 215 | 285 |
Payments for repurchases of common stock held in treasury | (39,650) | (11) | (150,009) |
Payments for cash dividends | (70,714) | (76,358) | (58,416) |
Transactions with noncontrolling interests, net | (16,475) | 6,257 | 15,618 |
Net cash provided by (used in) financing activities | 1,070,715 | (269,927) | 332,062 |
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 149,693 | 60,884 | (27,277) |
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (193,603) | 317,701 | 505,178 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | 3,510,011 | 3,192,310 | 2,687,132 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year | 3,316,408 | 3,510,011 | 3,192,310 |
Cash paid during the year for- | |||
Interest | 225,679 | 222,024 | 677,160 |
Income tax payments, net | ¥ 114,623 | ¥ 35,675 | ¥ 55,592 |
CONSOLIDATED STATEMENTS OF CA_2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | |||
Cash and cash equivalents reported in Cash and cash equivalents | ¥ 3,316,238 | ¥ 3,509,754 | ¥ 3,191,889 |
Restricted cash and restricted cash equivalents reported in Deposits with stock exchanges and other segregated cash | 170 | 257 | 421 |
Total cash, cash equivalent, restricted cash and restricted cash equivalents | 3,316,408 | 3,510,011 | 3,192,310 |
Right-of-use asset | ¥ 32,208 | ¥ 41,279 | ¥ 18,026 |
Summary of accounting policies
Summary of accounting policies | 12 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of accounting policies | 1. Summary of accounting policies: Description of business— Nomura Holdings, Inc. (“Company”) and its broker-dealer, banking and other financial services subsidiaries provide investment, financing and related services to individual, institutional and government clients on a global basis. The Company and other entities in which it has a controlling financial interest are collectively referred to as “Nomura” within these consolidated financial statements. Nomura operates its business through various divisions based upon the nature of specific products and services, its main client base and its management structure. On April 1, 2021, the Asset Management Division and the Merchant Banking Division were combined and the Investment Management Division was established. Nomura reports operating results through three business segments: Retail, Investment Management, and Wholesale. In its Retail segment, Nomura provides investment consultation services mainly to individual clients in Japan. In its Investment Management segment, Nomura mainly provides various investment management services such as establishing and managing investment trusts, discretionary investment services for domestic and overseas investors, investment and management for investment corporation and for funds for institutional investors, and management of Tokumei kumiai (silent partnerships). In its Wholesale segment, Nomura engages in the sales and trading of debt and equity securities, foreign exchange contracts and derivatives globally, and provides investment banking services such as the underwriting and distribution of debt and equity securities as well as mergers and acquisitions and financial advisory. Basis of presentation— The accounting and financial reporting policies of Nomura conform to accounting principles generally accepted in the United States (“U.S. GAAP”) as applicable to broker-dealers. These consolidated financial statements include the financial statements of the Company and other entities in which it has a controlling financial interest. Nomura initially determines whether it has a controlling financial interest in an entity by evaluating whether the entity is a variable interest entity (“VIE”) under Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 810 “ Consolidation For entities other than VIEs, Nomura is generally determined to have a controlling financial interest in an entity when it owns a majority of the voting interests. Equity investments in entities in which Nomura has significant influence over operating and financial decisions (generally defined as a holding of 20 to 50 percent of the voting stock of a corporate entity, or at least 3 percent of a limited partnership) are accounted for under the equity method of accounting (“equity method investments”) and reported within Other assets — Investments in and advances to affiliated companies Financial Instruments Trading assets, Private equity and debt investments or Other assets — Other Equity investments in which Nomura has neither control nor significant influence are carried at fair value, with changes in fair value recognized through the consolidated statements of income and reported within Trading assets, Private equity and debt investments or Other assets — Other Certain consolidated entities are investment companies under ASC 946 “Financial Services — Investment Companies The Company’s principal subsidiaries include Nomura Securities Co., Ltd. (“NSC”), Nomura Securities International, Inc. (“NSI”), Nomura International plc (“NIP”) and Nomura Financial Products & Services, Inc. (“NFPS”). All material intercompany transactions and balances have been eliminated on consolidation. Use of estimates— Nomura uses accounting estimates to prepare these consolidated financial statements and they require difficult, subjective and complex judgments by management. Such estimates determined by management to be material include estimates regarding the fair value of financial instruments and litigation provisions. Estimates, by their nature, are based on underlying assumptions which require management judgment and depend on the extent of available information. Actual results in future periods may differ from current estimates, which could have a material impact on these consolidated financial statements. Various references are made throughout the notes to these consolidated financial statements where critical accounting estimates based on management judgment have been made, the nature of the estimates, the underlying assumptions made by management used to derive those estimates and how these estimates affect the amounts reported in these consolidated financial statements. Fair value of financial instruments— A significant amount of Nomura’s financial assets and financial liabilities are carried at fair value, with changes in fair value recognized through the consolidated statements of income and/ or the consolidated statements of comprehensive income. Use of a fair value measurement is either specifically required under U.S. GAAP or Nomura makes an election to use a fair value measurement for certain eligible items under the fair value option. Other financial assets and financial liabilities are carried at fair value on a nonrecurring basis, where the primary measurement basis is not fair value. Fair value is only used in specific circumstances after initial recognition, such as to measure impairment. In both cases, fair value is generally determined in accordance with ASC 820 “ Fair Value Measurements and Disclosures Fair value measurements The fair values of financial assets and financial liabilities of consolidated VIEs which meet the definition of collateralized financing entities are both measured using the more observable fair value of the financial assets and financial liabilities. Allowance for current expected credit losses— Management recognizes allowance for current expected credit losses on financial assets not carried at fair value and certain off-balance “Financial Instruments—Credit Losses” off-balance Current expected credit losses are calculated over the expected life of the financial instruments in scope of the requirements on an individual or a portfolio basis, considering all relevant, reasonable supportable information available about the collectability of cash flows, including information about past events, current conditions and future forecasts. Accrued interest receivables are excluded from the amortized cost basis of financing receivables when calculating current expected credit losses. The methodology used by Nomura to determine allowances for current expected credit losses in accordance with the CECL impairment model primarily depends on the nature of the financial instrument and whether certain practical expedients permitted by ASC 326 are applied by Nomura. Allowances for current expected credit losses against recognized financial instruments are reported in the consolidated balance sheets within Allowances for current expected credit losses off-balance Other Other expenses. See Note 7 “Financing receivables” Transfers of financial assets— Nomura accounts for the transfer of a financial asset as a sale when Nomura relinquishes control over the asset by meeting the following conditions: (a) the asset has been isolated from the transferor (even in bankruptcy or other receivership), (b) the transferee has the right to pledge or exchange the asset received, or if the transferee is an entity whose sole purpose is to engage in securitization or asset-backed financing activities, if, the holders of its beneficial interests have the right to pledge or exchange the beneficial interests held and (c) the transferor has not maintained effective control over the transferred asset. In connection with its securitization activities, Nomura utilizes special purpose entities (“SPEs”) to securitize commercial and residential mortgage loans, government and corporate securities or other types of financial assets. Nomura’s involvement with SPEs includes structuring and underwriting, distributing and selling debt instruments and beneficial interests issued by SPEs to investors. Nomura derecognizes financial assets transferred in securitizations provided that Nomura has relinquished control over such assets and does not consolidate the SPE. Nomura may obtain or retain an interest in the financial assets, including residual interests in the SPEs dependent upon prevailing market conditions. Any such interests are accounted for at fair value and reported within Trading assets Revenue — Net gain on trading Foreign currency translation— The financial statements of the Company’s subsidiaries and operations are measured using their functional currency which is the currency of the primary economic environment in which the entity operates. All assets and liabilities of subsidiaries and operations which have a functional currency other than Japanese Yen are translated into Japanese Yen at exchange rates in effect at the balance sheet date, and all revenue and expenses are translated at the average exchange rates for the respective years and the resulting translation adjustments are accumulated and reported within Accumulated other comprehensive income (loss) Foreign currency assets and liabilities are translated at exchange rates in effect at the balance sheet date and the resulting translation gains or losses are credited or charged to the consolidated statements of income. Revenue from services provided to clients— Nomura earns revenue through fees and commissions from providing financial services to clients across all three business divisions. These services primarily include trade execution and clearing services, distribution of fund unit services, financial advisory services, underwriting and distribution services and asset management services. Revenues are recognized when or as the client obtains control of the service provided by Nomura which depends on when each of the key distinct substantive promises made by Nomura within the contract with the client (“performance obligations”) are satisfied. Such performance obligations are generally satisfied at a particularly point in time or, if certain criteria are met, over a period of time. Revenues from providing distribution of fund units and clearing services are reported in the consolidated statements of income within Revenue — Commissions, Revenue — Asset management and portfolio service fees Revenue — Fees from investment banking Costs to obtain or fulfill the underlying contract to provide services to a client are deferred as assets if certain criteria are met. These deferred costs, which are reported in the consolidated balance sheets within Other assets Trading assets and trading liabilities— Trading assets Financial assets are classified as being held for trading when any of the following criteria are met: • The financial assets are originated or acquired with the intention to generate profit through sale of the financial assets in the short-term; • The financial assets are part of a portfolio of identified financial instruments that are managed together for the purposes of short-term profit or arbitrage profit-taking; or • The financial assets are derivative assets. Trading liabilities Revenue —Net gain on trading Certain nonderivative trading liabilities are held to economically hedge the price risk of investments in equity securities held for operating purposes. Changes in fair value of these trading liabilities are reported within Revenue—Gain (loss) on investments in equity securities Collateralized agreements and collateralized financing— Collateralized agreements Securities purchased under agreements to resell Securities borrowed Collateralized financing Securities sold under agreements to repurchase Securities loaned Reverse repurchase and repurchase agreements principally involve the buying or selling of securities under agreements with clients to resell or repurchase these securities to or from those clients, respectively. These transactions are generally accounted for as collateralized agreements or collateralized financing transactions and are recognized in the consolidated balance sheets at the amount for which the securities were originally acquired or sold. Certain reverse repurchase and repurchase agreements are carried at fair value through election of the fair value option. Nomura also enters into Gensaki Repo transactions which are the standard type of repurchase agreement used in Japanese financial markets. Gensaki Repo transactions contain margin requirements, rights of security substitution, and certain restrictions on the client’s right to sell or repledge the transferred securities. Gensaki Repo transactions are accounted for as collateralized agreements or collateralized financing transactions and are recognized on the consolidated balance sheets at the amount that the securities were originally acquired or sold. Securities borrowing and lending transactions are generally accounted for as collateralized agreements and collateralized financing transactions, respectively. These transactions are generally cash collateralized and are recognized on the consolidated balance sheets at the amount of cash collateral advanced or received. Allowances for current expected credit losses recognized against securities borrowing transactions are not significant due to an ongoing monitoring of collateral and the short expected life of these transactions. Where Nomura acts as lenders in securities borrowing and lending transactions and receives securities that can be sold or pledged as collateral, Nomura recognizes the securities received at fair value within Other assets—Other Other liabilities. See Note 7 “Financing receivables” COVID-19 Offsetting of collateralized agreements and collateralized financings Reverse repurchase agreements and repurchase agreements (including Gensaki Repo transactions) accounted for as collateralized agreements and collateralized financing transactions, respectively, entered into with the same counterparty and documented under a master netting agreement are offset in the consolidated balance sheets where the specific criteria defined by ASC 210-20 Balance Sheet —Offsetting 210-20”) close-out 210-20 Other secured borrowings Trading balances of secured borrowings Transfers and Servicing Long-term borrowings 6 “Securitizations and Variable Interest Entities” “Borrowings” All Nomura-owned securities pledged to counterparties where the counterparty has the right to sell or repledge the securities, including collateral transferred under Gensaki Repo transactions, are reported parenthetically within Trading assets as Securities pledged as collateral See Note 5 “Collateralized transactions” Derivatives— Nomura uses a variety of derivatives, including futures, forwards, swaps and options, for both trading and non-trading Trading assets or Trading liabilities Short-term borrowings or Long-term borrowings Derivatives used for trading purposes Derivatives used for trading purposes, including bifurcated embedded derivatives, are carried at fair value with changes in fair value reported in the consolidated statements of income within Revenue —Net gain on trading Derivatives held for non-trading In addition to its trading activities, Nomura uses derivatives for other than trading purposes such as to manage risk exposures arising from recognized assets and liabilities, forecasted transactions and firm commitments. Derivatives held for non-trading Derivatives and Hedging Fair value hedges Nomura designates certain derivative as fair value hedges of interest rate risk and foreign exchange risk arising from specific financial liabilities and foreign currency denominated non-trading throughout the life of the hedging relationship. Changes in fair value of the hedging derivatives are reported together with those of the hedged financial assets and liabilities through the consolidated statements of income within Interest expense Revenue —Other Net investment hedges Nomura designates certain derivatives as hedges of the net investment in foreign operations related to specific subsidiaries with non-Japanese Revenue —Other Accumulated other comprehensive income (loss) Economic expense hedges Nomura designates certain derivatives as economic expense hedges to manage equity price risk or foreign currency risk of certain expenses arising from forecasted transactions or firm commitments. Changes in fair value of these derivatives are reported in the same line item in the consolidated statements of income where expenses arising from the hedged transactions are reported. Offsetting of derivatives Derivative assets and liabilities with the same counterparty documented under a legally enforceable master netting agreement and the related cash collateral receivables and payables are presented on a net basis in the consolidated balance sheets where the specific criteria defined by ASC 210-20 Settlement-to-market Exchange traded and centrally cleared OTC derivatives typically involve daily variation margin payments and receipts which reflect changes in the fair value of the related derivatives. Such variation margin amounts are accounted for as either a partial settlement of the derivative or as a separate cash collateral receivable or payable depending on the legal form of the arrangement with the relevant central clearing counterparty. See Note 3 “ Derivatives and hedging activities Loans receivable— Loans receivable are loans which management intends to hold for the foreseeable future. Loans receivable are either carried at fair value or at amortized cost. Interest earned on loans receivable is reported in the consolidated statements of income within Revenue —Interest and dividends Loans receivable carried at fair value Certain loans which are risk managed on a fair value basis are carried at fair value through election of the fair value option. Nomura makes this election to mitigate volatility in the consolidated statements of income caused by the difference in measurement basis that would otherwise exist between the loans and the derivatives used to risk manage those loans. Changes in the fair value of loans receivable carried at fair value are reported in the consolidated statements of income within Revenue —Net gain on trading Loans receivable carried at amortized cost Loans receivable which are not carried at fair value are carried at amortized cost. Amortized cost represents cost adjusted for deferred fees and direct costs, unamortized premiums or discounts on purchased loans and after deducting applicable allowances for current expected credit losses under ASC 326 which Nomura initially adopted from April 1, 2020. Loan origination fees, net of direct origination costs, are amortized to Revenue —Interest and dividends Modifications of loans receivable where the borrower is in financial difficulty and Nomura has granted a financial concession are typically accounted for as troubled debt restructurings (“TDRs”). Consistent with guidance issued by U.S. banking regulators in March 2020 as a result of the COVID-19 COVID-19 See Note 7 “ Financing receivables Other receivables— Receivables from customers Receivables from other than customers Receivables from other than customers These amounts are carried at contractual amounts due less any applicable allowance for current expected credit losses recognized under ASC 326 which Nomura initially adopted from April 1, 2020. See Note 7 “ Financing receivables” Loan commitments— Unfunded loan commitments written by Nomura are accounted for as either off-balance These loan commitments are generally accounted for in a manner consistent with the accounting for the loan receivable upon funding. Where the loan receivable will be classified as a trading asset or will be elected for the fair value option, the loan commitment is also generally held at fair value, with changes in fair value reported in the consolidated statements of income within Revenue —Net gain on trading For loan commitments where the loan will be held for the foreseeable future and will not be elected for the fair value option, Nomura recognizes allowances for current expected credit losses in accordance with ASC which Nomura initially adopted from April , . As of March , , the allowance for incurred credit losses reflected management’s best estimate of probable losses expected incurred for these loan commitments. Loan commitment fees are generally deferred and recognized over the term of the loan when funded as an adjustment to yield. If drawdown of the loan commitment is considered remote, loan commitment fees are recognized over the commitment period as service revenue. See Note 7 “Financing receivables” Payables and deposits— Payables to customers Payables to other than customers failed-to-receive Payables to other than customers Deposits received at banks Office buildings, land, equipment and facilities— Office buildings, land, equipment and facilities, owned and held for use by Nomura are stated at cost, net of accumulated depreciation and amortization, except for land, which is stated at cost. Significant renewals and additions are capitalized at cost. Maintenance, repairs and minor renewals are expensed as incurred in the consolidated statements of income. Leases and subleases entered into by Nomura as either lessor or lessee are classified as either operating or finance leases on inception date in accordance with ASC 842 “Leases” right-of-use Other assets—Office buildings, land, equipment and facilities Other liabilities Lease liabilities are initially measured at present value of the future minimum lease payments over the expected lease term. The future minimum lease payments are discounted using a relevant Nomura incremental borrowing rate as derived from information available at lease commencement date. The expected lease term is generally determined based on the contractual maturity of the lease, and adjusted for periods covered by options to extend or terminate the lease when Nomura is reasonably certain to exercise those options. ROU assets are initially measured at the amount of lease liabilities, and adjusted for any prepaid lease payments, initial direct costs incurred and any lease incentives received. After lease commencement date, for operating leases Nomura as lessee recognizes lease expense over the lease term generally on a straight-line basis within Occupancy and related depreciation Information processing and communications Depreciation and amortization charges of owned assets are generally computed using the straight-line method and recognized over the estimated useful lives of each asset. The estimated useful life of an asset takes into consideration technological change, normal deterioration and actual physical usage by Nomura. Leasehold improvements are depreciated over the shorter of their useful life or the term of corresponding lease. The estimated useful lives for significant asset classes are as follows: Office buildings 3 to 50 years Equipment and facilities 2 to 20 years Software 3 to 10 years Long-lived assets, including ROU assets and software assets but excluding goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the estimated future undiscounted cash flows generated by the asset is less than the carrying amount of the asset, a loss is recognized to the extent that the carrying value exceeds its fair value. See Note 8 “ Leases Investments in equity securities— Nomura holds minority stakes in the equity securities of unaffiliated Japanese financial institutions and corporations in order to promote existing and potential business relationships. These companies often have similar investments in Nomura. Such cross-holdings are a customary business practice in Japan and provide a way for companies to manage shareholder relationships. These investments, which Nomura refers to as being held for operating purposes, are carried at fair value and reported within Other assets — Investments in equity securities Revenue — Gain (loss) on investments in equity securities Other non-trading Certain non-trading non-trading Non-trading non-trading Other assets — Non-trading Other assets — Other Revenue — Other non-trading Revenue — Other Short-term and long-term borrowings— Short-term borrowings are defined as borrowings which are due on demand, which have a contractual maturity of one year or less at issuance date, or which have a longer contractual maturity but which contain features outside of Nomura’s control that allows the investor to demand redemption within one year from original issuance date. Short-term and long-term borrowings primarily consist of commercial paper, bank borrowings, and certain structured notes issued by Nomura and SPEs consolidated by Nomura, and financial liabilities recognized in transfers of financial assets which are accounted for as financings rather than sales under ASC 860 (“secured financing transactions”). Of these financial liabilities, certain structured notes and secured financing transactions are accounted for at fair value on a recurring basis through election of the fair value option. Other short and long-term borrowings are carried at amortized cost. Structured notes are debt securities which contain embedded features (often meeting the accounting definition of a derivative) that alter the return to the investor from simply receiving a fixed or floating rate of interest to a return that depends upon some other variable(s) such as an equity or equity index, commodity price, foreign exchange rate, credit rating of a third party or more complex interest rate calculation. Structured borrowings are borrowings that have similar characteristics as structured notes. All structured notes and certain structured borrowings issued by Nomura are carried at fair value on a recurring basis through election of the fair value option. This blanket election for structured notes and certain structured borrowings are made primarily to mitigate the volatility in the consolidated statements of income caused by differences in the measurement basis for structured notes and the derivatives used to risk manage those positions and to generally simplify the accounting Nomura applies to these financial instruments. Changes in the fair value of structured notes elected for the fair value option are reported within Revenue — Net gain on trading Other comprehensive income See Note 11 “ Borrowings Income taxes— Deferred tax assets and liabilities are recognized to reflect the expected future tax consequences of operating loss carryforwards, tax credit carryforwards and temporary differences between the carrying amounts for financial reporting purposes and the tax bases of assets and liabilities based upon enacted tax laws and tax rates. Nomura recognizes deferred tax assets to the extent it believes that it is more likely than not that a benefit will be realized. A valuation allowance is established against deferred tax assets for tax benefits available to Nomura that are not deemed more likely than not to be realized. Deferred tax assets and deferred tax liabilities that relate to the same tax-paying Other assets — Other Other liabilities Nomura recognizes and measures unrecognized tax benefits based on Nomura’s estimate of the likelihood, based on technical merits, that tax positions will be sustained upon examination based on the facts and circumstances and information available at the end of each period. Nomura adjusts the level of unrecognized tax benefits when there is more information available, or when an event occurs requiring a change. The reassessment of unrecognized tax benefits could have a material impact on Nomura’s effective tax rate in the period in which it occurs. Nomura reports income tax-related Income tax expense See Note 15 “ Income taxes Stock-based and other compensation awards— Stock-based awards issued by Nomura to senior management and other employees are classified as either equity or liability awards depending on the terms of the award. Stock-based awards such as Stock Acquisition Rights (“SARs”) and Restricted Stock Units (“RSUs”) which are expected to be settled by the delivery of the Company’s common stock are classified as equity awards. For these awards, total compensation cost is generally fixed at the grant date and measured using the grant-date fair value of the award, net of any amount the employee is obligated to pay and estimated forfeitures. Stock-based awards such as Notional Stock Units (“NSUs”) and Collared Notional Stock Units (“CSUs”) which are expected to be settled in cash are classified as liability awards. Liability awards are remeasured to fair value at each balance sheet date, net of estimated forfeitures with the final measurement of cumulative compensation cost equal to the settlement amount. For both equity and liability awards, fair value is determined either by using option pricing models, the market price of the Company’s common stock or the price of the third party index, as appropriate. Compensation cost is recognized in the consolidated statements of income over the requisite service period, which generally is equal to the contractual vesting period. Where an award has graded vesting, compensation expense is recognized using the accelerated recognition method. Certain deferred compensation awards include “Full Career Retirement” (“FCR”) provisions which permit recipients of the awards to continue to vest in the awards upon voluntary termination or by claiming FCR during a pre-defined See Note 14 “ Deferred compensation awards Earnings per share— The computation of basic earnings per share is based on the weighted average number of shares outstanding during the year. Diluted earnings per share reflects the assumed conversion of all dilutive securities based on the most advantageous conversion rate or exercise price available to the investors, and assuming conversion of convertible debt under the if-converted See Note 12 “ Earnings per share Cash and cash equivalents— Nomura defines cash and cash equivalents as cash on hand and demand deposits with banks. Goodwill and intangible assets— Goodwill is recognized upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired. Subsequent to initial recognition, goodwill is not amortized but is tested for impairment at a reporting unit level during the fourth quarter of each fiscal year, or more frequently during earlier interim periods if events or circumstances indicate there may be impairment. Nomura’s reporting units are at the same level as or one level below its business segments. Nomura tests goodwill of each separate reporting unit by initially qualitatively assessing whether events and circumstances indicate that it is more likely than not (i.e., greater than 50% likelihood) that a reporting unit’s fair value is less than its carrying amount. If such assessment indicates fair value is not less than the carrying value, the reporting unit is deemed not to be impaired and no further analysis is required. If it is more likely than not that fair value of the reporting unit is below its carrying value, a quantitative test is then performed. Following the adoption of ASU 2017-04 “Simplifying the Test for Goodwill Impairment” Intangible assets with finite lives (“finite-lived intangible assets”) are amortized over their estimated useful lives and tested for impairment either individually or with other assets (“asset group”) when events and circumstances indicate that the carrying value of the intangible asset (or asset group) may not be recoverable. A finite-lived intangible asset is impaired when its carrying amount or the carrying amount of the asset group exceeds its fair value. An impairment loss is recognized only if the carrying amount of the intangible asset (or asset group) is not recoverable and exceeds its fair value. For both goodwill and intangible assets, to the extent an impairment loss is recognized, the loss establishes a new cost basis for the asset which cannot be subsequently reversed. See Note 10 “ Other assets — Office buildings, land, equipment and facilities and Other / Other liabilities Nomura’s equity method investments are tested in their entirety for other-than-temporary impairment when there is an indication of impairment. The underlying assets associated with the equity method investments, including goodwill, are not tested separately for i |
Fair value measurements
Fair value measurements | 12 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair value measurements | 2. Fair value measurements: The fair value of financial instruments A significant amount of Nomura’s financial instruments is Trading assets and private equity and debt investments, Loans and receivables, Collateralized agreements Other assets Trading liabilities, Short-term borrowings, Payables and deposits, Collateralized financing, Long-term borrowings Other liabilities. Other financial assets and financial liabilities are measured at fair value on a nonrecurring basis, where the primary measurement basis is not fair value but where fair value is used in specific circumstances after initial recognition, such as to measure impairment. In all cases, fair value is determined in accordance with ASC 820 “ Fair Value Measurements and Disclosures Fair value is usually determined on an individual financial instrument basis consistent with the unit of account of the financial instrument. However, certain financial instruments managed on a portfolio basis are valued as a portfolio, namely based on the price that would be received to sell a net long position (i.e., a net financial asset) or transfer a net short position (i.e., a net financial liability) consistent with how market participants would price the net risk exposure at the measurement date. Financial assets measured at fair value also include investments in certain funds where, as a practical expedient, fair value is determined on the basis of net asset value per share (“NAV per share”) if the NAV per share is calculated in accordance with certain industry standard principles. Increases and decreases in the fair value of assets and liabilities will significantly impact Nomura’s position, performance, liquidity and capital resources. As explained below, valuation techniques applied contain inherent uncertainties and Nomura is unable to predict the accurate impact of future developments in the market. The valuation of financial instruments is more difficult during periods of market stress as a result of greater volatility and reduced price transparency, such as during the COVID-19 Valuation methodology for financial instruments carried at fair value on a recurring basis The fair value of financial instruments is based on quoted market prices including market indices, broker or dealer quotations or an estimation by management of the expected exit price under current market conditions. Various financial instruments, including cash instruments and over-the-counter bid-offer Where quoted prices are available in active markets, no valuation adjustments are taken to modify the fair value of assets or liabilities marked using such prices. Other instruments may be measured using valuation techniques, such as valuation pricing models incorporating observable valuation inputs, unobservable parameters or a combination of both. Valuation pricing models use valuation inputs which would be considered by market participants in valuing similar financial instruments. Valuation pricing models and their underlying assumptions impact the amount and timing of unrealized and realized gains and losses recognized, and the use of different valuation pricing models or underlying assumptions could produce different financial results. Valuation uncertainty results from a variety of factors, including the valuation technique or model selected, the quantitative assumptions used within the valuation model, the inputs into the model, as well as other factors. Valuation adjustments are used to reflect the assessment of this uncertainty. Common valuation adjustments include model reserves, credit adjustments, close-out The level of adjustments is largely judgmental and is based on an assessment of the factors that management believe other market participants would use in determining the fair value of similar financial instruments. The type of adjustments taken, the methodology for the calculation of these adjustments, and the valuation inputs for these calculations are reassessed periodically to reflect current market practice and the availability of new information. For example, the fair value of certain financial instruments includes adjustments for credit risk; both with regards to counterparty credit risk on positions held and Nomura’s own creditworthiness on positions issued. Credit risk on financial assets is significantly mitigated by credit enhancements such as collateral and netting arrangements. Any net credit exposure is measured using available and applicable valuation inputs for the relevant counterparty. The same approach is used to measure the credit exposure on Nomura’s financial liabilities as is used to measure counterparty credit risk on Nomura’s financial assets. Such valuation pricing models are calibrated to the market on a regular basis and inputs used are adjusted for current market conditions and risks. The Valuation Model Validation Group within Nomura’s Risk Management Department reviews pricing models and assesses model appropriateness and consistency independently of the front office. The model reviews consider a number of factors about a model’s suitability for valuation and sensitivity of a particular product. Valuation models are calibrated to the market on a periodic basis by comparison to observable market pricing, comparison with alternative models and analysis of risk profiles. As explained above, any changes in fixed income, equity, foreign exchange and commodity markets can impact Nomura’s estimates of fair value in the future, potentially affecting trading gains and losses. Where financial contracts have longer maturity dates, Nomura’s estimates of fair value may involve greater subjectivity due to the lack of transparent market data. Fair value hierarchy All financial instruments measured at fair value, including those measured at fair value using the fair value option, have been categorized into a three-level hierarchy (“fair value hierarchy”) based on the transparency of valuation inputs used by Nomura to estimate fair value. A financial instrument is classified in the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement of the financial instrument. The three levels of the fair value hierarchy are defined as follows, with Level 1 representing the most transparent inputs and Level 3 representing the least transparent inputs: Level 1: Observable valuation inputs that reflect quoted prices (unadjusted) for identical financial instruments traded in active markets at the measurement date. Level 2: Valuation inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the financial instrument. Level 3: Unobservable valuation inputs which reflect Nomura assumptions and specific data. The availability of valuation inputs observable in the market varies by product and can be affected by a variety of factors. Significant factors include, but are not restricted to the prevalence of similar products in the market, especially for customized products, how established the product is in the market, for example, whether it is a new product or is relatively mature, and the reliability of information provided in the market which would depend, for example, on the frequency and volume of current data. A period of significant change in the market may reduce the availability of observable data. Under such circumstances, financial instruments may be reclassified into a lower level in the fair value hierarchy. Significant judgments used in determining the classification of financial instruments include the nature of the market in which the product would be traded, the underlying risks, the type and liquidity of market data inputs and the nature of observed transactions for similar instruments. Where valuation models include the use of valuation inputs which are less observable or unobservable in the market, significant management judgment is used in establishing fair value. The valuations for Level 3 financial instruments, therefore, involve a greater degree of judgment than those valuations for Level 1 or Level 2 financial instruments and has become more prevalent during the COVID-19 Certain criteria use d The following tables present the amounts of Nomura’s financial instruments measured at fair value on a recurring basis as of March 31, 2021 and 2022 within the fair value hierarchy. Billions of yen March 31, 2021 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting (1) Balance as of March 31, 2021 Assets: Trading assets and private equity and debt investments (2) Equities (3) ¥ 2,338 ¥ 968 ¥ 16 ¥ — ¥ 3,322 Private equity and debt investments (5) — — 58 — 58 Japanese government securities 1,637 — — — 1,637 Japanese agency and municipal securities — 76 2 — 78 Foreign government, agency and municipal securities 2,838 1,987 12 — 4,837 Bank and corporate debt securities and loans for trading purposes — 1,259 135 — 1,394 Commercial mortgage-backed securities (“CMBS”) — 0 8 — 8 Residential mortgage-backed securities (“RMBS”) — 2,387 6 — 2,393 Issued/Guaranteed by government sponsored entity — 2,325 — — 2,325 Other — 62 6 — 68 Real estate-backed securities — 0 106 — 106 Collateralized debt obligations (“CDOs”) and other (6) — 36 23 — 59 Investment trust funds and other 573 29 0 — 602 Total trading assets and private equity and debt investments 7,386 6,742 366 — 14,494 Derivative assets (7) Equity contracts 9 1,318 75 — 1,402 Interest rate contracts 29 9,577 26 — 9,632 Credit contracts 4 427 24 — 455 Foreign exchange contracts 0 4,479 37 — 4,516 Commodity contracts 1 0 — — 1 Netting — — — (14,786 ) (14,786 ) Total derivative assets 43 15,801 162 (14,786 ) 1,220 Subtotal ¥ 7,429 ¥ 22,543 ¥ 528 ¥ (14,786 ) ¥ 15,714 Loans and receivables (8) — 878 104 — 982 Collateralized agreements (9) — 349 18 — 367 Other assets Non-trading 123 304 — — 427 Other (2)(3)(4) 353 173 185 — 711 Total ¥ 7,905 ¥ 24,247 ¥ 835 ¥ (14,786 ) ¥ 18,201 Liabilities: Trading liabilities Equities ¥ 2,341 ¥ 20 ¥ 0 ¥ — ¥ 2,361 Japanese government securities 1,039 — — — 1,039 Japanese agency and municipal securities — 1 — — 1 Foreign government, agency and municipal securities 2,912 1,172 1 — 4,085 Bank and corporate debt securities — 230 5 — 235 Residential mortgage-backed securities (“RMBS”) — 0 — — 0 Collateralized debt obligations (“CDOs”) and other (6) — 0 1 — 1 Investment trust funds and other 243 13 0 — 256 Total trading liabilities 6,535 1,436 7 — 7,978 Derivative liabilities (7) Equity contracts 1 2,112 116 — 2,229 Interest rate contracts 21 8,948 69 — 9,038 Credit contracts 3 458 62 — 523 Foreign exchange contracts — 4,380 22 — 4,402 Commodity contracts 0 0 — — 0 Netting — — — (14,697 ) (14,697 ) Total derivative liabilities 25 15,898 269 (14,697 ) 1,495 Subtotal ¥ 6,560 ¥ 17,334 ¥ 276 ¥ (14,697 ) ¥ 9,473 Short-term borrowings (10) ¥ — ¥ 532 ¥ 103 ¥ — ¥ 635 Payables and deposits (10)(11) — 49 1 — 50 Collateralized financing (9) — 352 1 — 353 Long-term borrowings (10)(12)(13) 5 3,546 547 — 4,098 Other liabilities (14) 231 179 35 — 445 Total ¥ 6,796 ¥ 21,992 ¥ 963 ¥ (14,697 ) ¥ 15,054 Billions of yen March 31, 2022 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting (1) Balance as of March 31, 2022 Assets: Trading assets and private equity and debt investments (2) Equities (3) ¥ 2,100 ¥ 1,041 ¥ 14 ¥ — ¥ 3,155 Private equity and debt investments (5) 22 — 32 — 54 Japanese government securities 1,730 — — — 1,730 Japanese agency and municipal securities — 184 2 — 186 Foreign government, agency and municipal securities 3,220 2,010 10 — 5,240 Bank and corporate debt securities and loans for trading purposes — 1,134 220 — 1,354 Commercial mortgage-backed securities (“CMBS”) — 0 7 — 7 Residential mortgage-backed securities (“RMBS”) — 1,450 8 — 1,458 Issued/Guaranteed by government sponsored entity — 1,376 — — 1,376 Other — 74 8 — 82 Real estate-backed securities — 58 79 — 137 Collateralized debt obligations (“CDOs”) and other (6) — 34 26 — 60 Investment trust funds and other 293 23 0 — 316 Total trading assets and private equity and debt investments 7,365 5,934 398 — 13,697 Derivative assets (7) Equity contracts 3 874 97 — 974 Interest rate contracts 120 11,755 63 — 11,938 Credit contracts 12 398 33 — 443 Foreign exchange contracts — 4,777 29 — 4,806 Commodity contracts 1 0 — — 1 Netting — — — (16,608 ) (16,608 ) Total derivative assets 136 17,804 222 (16,608 ) 1,554 Subtotal ¥ 7,501 ¥ 23,738 ¥ 620 ¥ (16,608 ) ¥ 15,251 Loans and receivables (8) — 1,103 205 — 1,308 Collateralized agreements (9) — 282 16 — 298 Other assets Non-trading 117 367 — — 484 Other (2)(3)(4) 146 136 197 — 479 Total ¥ 7,764 ¥ 25,626 ¥ 1,038 ¥ (16,608 ) ¥ 17,820 Liabilities: Trading liabilities Equities ¥ 1,796 ¥ 8 ¥ 0 ¥ — ¥ 1,804 Japanese government securities 1,098 — — — 1,098 Japanese agency and municipal securities — 0 — — 0 Foreign government, agency and municipal securities 3,451 1,328 0 — 4,779 Bank and corporate debt securities — 222 3 — 225 Residential mortgage-backed securities (“RMBS”) — 0 — — 0 Collateralized debt obligations (“CDOs”) and other (6) — 3 0 — 3 Investment trust funds and other 76 0 0 — 76 Total trading liabilities 6,421 1,561 3 — 7,985 Derivative liabilities (7) Equity contracts 2 1,368 87 — 1,457 Interest rate contracts 60 10,826 74 — 10,960 Credit contracts 14 434 66 — 514 Foreign exchange contracts 0 4,795 19 — 4,814 Commodity contracts 0 1 — — 1 Netting — — — (16,079 ) (16,079 ) Total derivative liabilities 76 17,424 246 (16,079 ) 1,667 Subtotal ¥ 6,497 ¥ 18,985 ¥ 249 ¥ (16,079 ) ¥ 9,652 Short-term borrowings (10) ¥ — ¥ 653 ¥ 58 ¥ — ¥ 711 Payables and deposits (10)(11) — 63 8 — 71 Collateralized financing (9) — 516 — — 516 Long-term borrowings (10)(12)(13) 23 4,055 479 — 4,557 Other liabilities (14) 32 155 32 — 219 Total ¥ 6,552 ¥ 24,427 ¥ 826 ¥ (16,079 ) ¥ 15,726 (1) Represents the amount offset under counterparty netting of derivative assets and liabilities as well as cash collateral netting against net derivatives. (2) Certain investments that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and March 31, 2022, the fair values of these investments which are included in Trading assets and private equity and debt investments Other assets—Others (3) Includes equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option. (4) Includes equity investments which comprise listed and unlisted equity securities held for operating purposes in the amounts of (5) Private equity and debt investments non-traded non-trading (6) Includes collateralized loan obligations (“CLOs”) and asset-backed securities (“ABS”) such as those secured on credit card loans, auto loans and student loans. (7) Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument. (8) Includes loans and receivables for which the fair value option has been elected. (9) Includes collateralized agreements or collateralized financing for which the fair value option has been elected. (10) Includes deposits received at banks and structured notes for which the fair value option has been elected. (11) Includes embedded derivatives bifurcated from deposits received at banks. If unrealized gains are greater than unrealized losses, deposits are reduced by the excess amount. (12) Includes embedded derivatives bifurcated from issued structured notes. If unrealized gains are greater than unrealized losses, borrowings are reduced by the excess amount. (13) Includes liabilities recognized from secured financing transactions that are accounted for as financings rather than sales. Nomura elected the fair value option for these liabilities. (14) Includes loan commitments for which the fair value option has been elected. Valuation techniques by major class of financial instrument The valuation techniques used by Nomura to estimate fair value for major classes of financial instruments, together with the significant inputs which determine classification in the fair value hierarchy, are as follows. Equities Other assets Other assets mid-market Private equity and debt investments — rate discounted at a weighted average cost of capital (“WACC”). Market multiple valuation techniques include comparables such as Enterprise Value/earnings before interest, taxes, depreciation and amortization (“EV/EBITDA”) ratios, Price/Earnings (“PE”) ratios, Price/Book ratios, Price/Embedded Value ratios and other multiples based on relationships between numbers reported in the financial statements of the investee and the price of comparable companies. A liquidity discount may also be applied to either a DCF or market multiple valuation to reflect the specific characteristics of the investee. The liquidity discount includes considerations for various uncertainties in the model and inputs to valuation. Where possible these valuations are compared with the operating cash flows and financial performance of the investee or properties relative to budgets or projections, price/earnings data for similar quoted companies, trends within sectors and/or regions and any specific rights or terms associated with the investment, such as conversion features and liquidation preferences. Private equity and debt investments are generally classified in Level 3 since the valuation inputs such as those mentioned above are usually unobservable. Government, agency and municipal securities — Non-G7 non-G7 Bank and corporate debt securities — Commercial mortgage-backed securities (“CMBS”) Residential mortgage-backed securities (“RMBS”) — Real estate-backed securities — given to the nature of the broker and dealer quotations, namely whether these are indicative or executable, the number of available quotations and how these quotations compare to any available recent market activity or alternative pricing sources. Where all significant inputs are observable, the securities will be classified in Level 2. For certain securities, no direct pricing sources or comparable securities or indices may be available. These securities are valued using DCF or valuation techniques and are classified in Level 3 as the valuation includes significant unobservable valuation inputs such as yields or loss severities. Collateralized debt obligations (“CDOs”) and other — Investment trust funds and other — Investment trust funds and other Derivatives — Equity contracts — Derivatives — Interest rate contracts — derivatives is determined through DCF valuation techniques as well as option models such as Black-Scholes and Monte Carlo simulation. The significant valuation inputs used include interest rates, forward foreign exchange (“FX”) rates, volatilities and correlations. Valuation adjustments are also made to model valuations in order to reflect counterparty credit risk on derivative assets and Nomura‘s own creditworthiness on derivative liabilities. OTC interest rate derivatives are generally classified in Level 2 because all significant valuation inputs and adjustments are observable or market-corroborated. Certain less liquid vanilla or more complex OTC interest rate derivatives are classified in Level 3 where interest rate, volatility or correlation valuation inputs are significant and unobservable. Derivatives — Credit contracts — Derivatives — Foreign exchange contracts Nomura includes valuation adjustments in its estimation of fair value of certain OTC derivatives relating to funding costs associated with these transactions to be consistent with how market participants in the principal market for these derivatives would determine fair value. Loans and receivables Collateralized agreements Collateralized financing general collateral or special rates. Reverse repurchase and repurchase agreements are generally classified in Level 2 of the fair value hierarchy because these valuation inputs are usually observable. Non-trading non-trading Government, agency and municipal securities Bank and corporate debt securities Short-term long-term borrowings (“Structured notes”) The fair value of structured notes is determined using a quoted price in an active market for the identical liability if available, and where not available, using a mixture of valuation techniques that use the quoted price of the identical liability when traded as an asset, quoted prices for similar liabilities, similar liabilities when traded as assets, or an internal model which combines DCF valuation techniques and option pricing models, depending on the nature of the embedded features within the structured note. Where an internal model is used, Nomura estimates the fair value of both the underlying debt instrument and the embedded derivative components. The significant valuation inputs used to estimate the fair value of the debt instrument component include yield curves, prepayment rates, default probabilities and loss severities. The significant valuation inputs used to estimate the fair value of the embedded derivative component are the same as those used for the relevant type of freestanding OTC derivative discussed above. A valuation adjustment is also made to the entire structured note in order to reflect Nomura’s own creditworthiness. This adjustment is determined based on recent observable secondary market transactions and executable broker quotes involving Nomura debt instruments and is therefore typically treated as a Level 2 valuation input. Structured notes are generally classified in Level 2 of the fair value hierarchy as all significant valuation inputs and adjustments are observable. Where any unobservable valuation inputs are significant, such as yields, prepayment rates, default probabilities, loss severities, volatilities and correlations used to estimate the fair value of the embedded derivative component, structured notes are classified in Level 3. Long-term borrowings (“Secured financing transactions”) Transfer and Servicing Level 3 financial instruments The valuation of Level 3 financial assets and liabilities is dependent on certain significant valuation inputs which are unobservable. Common characteristics of an inactive market include a low number of transactions of the financial instrument, stale or non-current non-executable If corroborative evidence is not available to value Level 3 financial instruments, fair value may be measured using other equivalent products in the market. The level of correlation between the specific Level 3 financial instrument and the available benchmark instrument is considered as an unobservable valuation input. Other techniques for determining an appropriate value for unobservable valuation input may consider information such as consensus pricing data among certain market participants, historical trends, extrapolation from observable market data and other information Nomura would expect market participants to use in valuing similar instruments. Use of reasonably possible alternative valuation input assumptions to value Level 3 financial instruments will significantly influence fair value determination. Ultimately, the uncertainties described above about input assumptions imply that the fair value of Level 3 financial instruments is a judgmental estimate. The specific valuation for each instrument is based on management’s judgment of prevailing market conditions, in accordance with Nomura’s established valuation policies and procedures. Quantitative and qualitative information regarding significant unobservable valuation inputs The following tables present quantitative and qualitative information about the significant unobservable valuation inputs used by Nomura to measure the fair value of financial instruments classified in Level 3 as of March 31, 2021 and 2022. These financial instruments will also typically include observable valuation inputs (i.e., Level 1 or Level 2 valuation inputs) which are not included in the table and are also often hedged using financial instruments which are classified in Level 1 or Level 2 of the fair value hierarchy. Changes in each of these significant unobservable valuation inputs used by Nomura will impact upon the fair value measurement of the financial instrument. The following tables also illustrate qualitatively how an increase in those significant unobservable valuation inputs might result in a higher or lower fair value measurement at the reporting date and the interrelationship between significant unobservable valuation inputs where more than one is used to determine fair value measurement of the financial instruments. March 31, 2021 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships between valuation inputs (6) Assets: Trading assets and private equity and debt investments Equities ¥ 16 DCF Liquidity discounts 75.0% 75.0% Lower fair value Not applicable Private equity and debt investments 58 DCF WACC Liquidity discounts 6.3 – 11.5% 0.0 – 1.0% 7.6 – 8.8% 5.0 – 30.0% 8.4% 0.5% 8.1% 12.8% Lower fair value Higher fair value Lower fair valu Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Liquidity discounts 1.9 – 10.8 x 11.1 x 5.0 – 20.0% 6.5 x 11.1 x 12.2% Higher fair value Higher fair value Lower fair value No predictable interrelationship Foreign government, agency and municipal securities 12 DCF Credit spreads Recovery rates 0.0 – 1.5% 9.2 – 9.3% 0.4% 9.2% Lower fair value Higher fair value No predictable interrelationship Bank and corporate debt securities and loans for trading purposes 135 DCF Credit spreads Recovery rates 0.0 – 23.1% 0.0 – 100.0% 7.4% 73.3% Lower fair value Higher fair value No predictable interrelationship Commercial mortgage backed securities (“CMBS”) 8 DCF Yields Loss severities 4.2 – 10.6% 27.5 – 69.5% 5.0% 50.3% Lower fair value Lower fair value No predictable interrelationship Residential mortgage backed securities (“RMBS”) 6 DCF Yields Prepayment rates Loss severities 0.0 – 14.3% 6.4 – 15.0% 0.8 – 100.0% 1.4% 7.2% 5.8% Lower fair value Lower fair value Lower fair value No predictable interrelationship Real estate-backed securities 106 DCF Loss severities 0.0 – 18.6% 2.4% Lower fair value Not applicable March 31, 2021 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships between valuation inputs (6) Collateralized debt obligations (“CDOs”) and other 23 DCF Yields Prepayment rates Default probabilities Loss severities 5.4 – 35.0% 20.0% 2.0% 77.0 – 100.0% 11.0% 20.0% 2.0% 88.1% Lower fair value Lower fair value Lower fair value Lower fair value Change in default probabilities typically accompanied by directionally similar change in loss severities and opposite change in prepayment rates Derivatives, net: Equity contracts ¥ (41) Option models Dividend yield Volatilities Correlations 0.0 – 9.8% 4.0 – 102.0% (0.80) – 0.98 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship Interest rate contracts (43) DCF/ Option models Interest rates Volatilities Volatilities Correlations 0.1 – 2.3% 9.6 – 13.1% 24.9 94.0 (1.00) – 0.98 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Credit contracts (38) DCF/ Option models Credit spreads Recovery rates Volatilities Correlations 0.0 – 20.8% 0.0 – 100.4% 41.9 – 65.0% 0.29 – 0.72 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Foreign exchange contracts 15 Option models Interest rates Volatilities Volatilities Correlations 0.1 – 2.1% 2.6 – 31.5% 16.2 25.5 (0.25) – 0.80 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Loans and receivables 104 DCF Credit spreads Recovery rates 0.0 – 25.6% 26.4 – 100.0% 6.6% 95.8% Lower fair value Higher fair value No predictable interrelationship Collateralized agreements 18 DCF Repo rate 2.8 – 5.8% 4.0% Lower fair value Not applicable Other assets Other (7) 185 DCF WACC Growth rates Liquidity discounts 9.2% 2.0% 10.0% 9.2% 2.0% 10.0% Lower fair value Higher fair value Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Price/Book ratios Liquidity discounts 5.0 – 6.2 x 8.2 – 32.0 x 0.3 – 1.6 x 10.0 – 40.0% 5.4 x 13.8 x 0.9 x 30.6% Higher fair value Higher fair value Higher fair value Lower fair value Generally changes in multiples result in a corresponding similar directional change in a fair value measurement, assuming earnings levels remain constant. Liabilities: Trading Liabilities Bank and corporate debt securities 5 DCF Recovery rates 3.4 – 3.5% 3.4% Higher fair value Not applicable Short-term borrowings 103 DCF/ Option models Volatilities Correlations 13.8 – 82.3% (0.69) – 0.96 — — Higher fair value Higher fair value No predictable interrelationship Long-term borrowings 547 DCF/ Option models Volatilities Volatilities Correlations 9.5 – 82.3% 29.6 77.0 (1.00) – 0.98 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship March 31, 2022 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships inputs (6) Assets: Trading assets and private equity and debt investments Equities ¥ 14 DCF Liquidity discounts 75.0% 75.0% Lower fair value Not applicable Private equity and debt investments 32 DCF WACC Growth rates Liquidity discounts 7.1 – 13.0% 0.0 – 2.0% 5.0 – 30.0% 10.2% 0.7% 18.5% Lower fair value Higher fair value Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Liquidity discounts 2.0 – 11.2 x 10.7 – 12.6 x 5.0 – 20.0% 6.9 x 11.6 x 11.9% Higher fair value Higher fair value Lower fair value No predictable interrelationship Foreign government, agency and municipal securities 10 DCF Credit spreads Recovery rates 0.0 – 1.3% 6.0% 0.7% 6.0% Lower fair value Higher fair value No predictable interrelationship Bank and corporate debt securities and loans for trading purposes 220 DCF Credit spreads Recovery rates 0.1 – 114.7% 0.0 – 100.0% 7.2% 84.4% Lower fair value Higher fair value No predictable interrelationship Commercial mortgage backed securities (“CMBS”) 7 DCF Yields Loss severities 4.3 – 11.1% 28.3 – 73.0% 4.6% 40.8% Lower fair value Lower fair value No predictable interrelationship Residential mortgage backed securities (“RMBS”) 8 DCF Yields Prepayment rates Loss severities 0.0 – 22.2% 6.9 – 15.0% 0.0 – 99.9% 8.4% 9.5% 6.9% Lower fair value Lower fair value Lower fair value No predictable interrelationship Real estate-backed securities 79 DCF Loss severities 0.0 – 21.2% 2.9% Lower fair value Not applicable Collateralized debt obligations (“CDOs”) and other 26 DCF Yields 5.5 – 27.5% 18.0 – 20.0% 2.0% 0.0 – 100.0% 13.1% 19.5% 2.0% 44.0% Lower fair value Lower fair value Lower fair value Lower fair value Change in default probabilities typically accompanied by directionally similar change in loss severities and opposite change in prepayment rates Derivatives, net: Equity contracts ¥ 10 Option models Dividend yield Volatilities Correlations 0.0 – 12.6% 0.0 – 109.7% (0.80) – 0.97 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship Interest rate contracts (11) DCF/ Option models Interest rates Volatilities Volatilities Correlations 0.3 – 3.3% 9.2 – 13.9% 34.8 128.3 (1.00) – 0.98 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship March 31, 2022 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships inputs (6) Credit contracts (33) DCF/ Option models Credit spreads Recovery rates Volatilities Correlations 0.0 – 428.7% 0.0 – 90.0% 50.0 – 67.6% 0.00 – 0.90 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Foreign exchange contracts 10 Option models Interest rates Volatilities Volatilities Correlations 0.3 – 2.9% 2.4 – 39.3% 13.9 24.0 (0.25) – 0.84 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Loans and receivables 205 DCF Credit spreads Recovery rates 0.0 – 21.5% 44.0 – 100.0% 6.0% 98.2% Lower fair value Higher fair value No predictable interrelationship Collateralized agreements 16 DCF Repo rate 2.8 – 6.0% 3.6% Lower |
Derivative instruments and hedg
Derivative instruments and hedging activities | 12 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities [Abstract] | |
Derivative instruments and hedging activities | 3. Derivative instruments and hedging activities: Nomura uses a variety of derivatives, including futures, forwards, options and swaps, for both trading and non-trading Derivatives used for trading purposes In the normal course of business, Nomura enters into transactions involving derivatives to meet client needs, for trading purposes, and to reduce its own exposure to loss due to adverse fluctuations in interest rates, currency exchange rates and market prices of securities. These financial instruments include contractual agreements such as commitments to swap interest payment streams, exchange currencies or purchase or sell securities and other financial instruments on specific terms at specific future dates. Nomura maintains active trading positions in a variety of derivatives. Most of Nomura’s trading activities are client oriented. Nomura utilizes a variety of derivatives as a means of bridging clients’ specific financial needs and investors’ demands in the securities markets. Nomura also actively trades securities and various derivatives to facilitate its clients in adjusting their risk profiles change. In performing these activities, Nomura carries an inventory of capital markets instruments and maintains its access to market liquidity by quoting bid and offer prices to and trading with other market makers. These activities are essential to provide clients with securities and other capital market products at competitive prices. Futures and forward contracts are commitments to either purchase or sell securities, foreign exchange contracts or other capital market instruments at a specific future date for a specified price and may be settled in cash or through delivery. Foreign exchange contracts include spot and forward contracts and involve the exchange of two currencies at a rate agreed by the contracting parties. Risks arise from the possible inability of counterparties to meet the terms of their contracts and from movements in market prices. Futures contracts are executed through exchanges which clear and guarantee performance of counterparties. Accordingly, credit risk associated with futures contracts is considered minimal. In contrast, forward contracts are generally negotiated between two counterparties and, therefore, are subject to counterparty risks. Options are contracts that grant the purchaser, for a premium payment, the right to either purchase or sell a financial instrument at a specified price within a specified period of time or on a specified date from or to the writer of the option. The writer of options receives premiums and bears the risk of unfavorable changes in the market price of the financial instruments underlying the options. Swaps are contractual agreements in which two counterparties agree to exchange certain cash flows, at specified future dates, based on an agreed contract. Certain agreements may result in combined interest rate and foreign exchange exposures. Entering into swap agreements may involve the risk of credit losses in the event of counterparty default. To the extent these derivatives are economically hedging financial instruments or securities positions of Nomura, the overall risk of loss may be fully or partly mitigated by the hedged position. Nomura seeks to minimize its exposure to market risk arising from its use of these derivatives through various control policies and procedures, including position limits, monitoring procedures and hedging strategies whereby Nomura enters into offsetting or other positions in a variety of financial instruments. Derivatives used for non-trading Nomura’s principal objectives in using derivatives for non-trading non-trading Fair value hedges Nomura designates certain derivatives as fair value hedges of interest rate risk arising from specific financial liabilities and foreign currency risk arising from specific foreign currency denominated debt securities. These derivatives are effective in reducing the risk associated with the exposure being hedged and are highly correlated with changes in the fair value and foreign currency rates of the underlying hedged items, both at inception and throughout the life of the hedging relationship. Changes in fair value of the hedging derivatives are reported together with those of the hedged liabilities and assets through the consolidated statements of income within Interest expense Revenue — Other Net investment hedges Nomura designates certain derivatives designated as hedges of its net investment in foreign operations relating to specific subsidiaries which have non-Japanese Revenue-Other Accumulated other comprehensive income (loss) Concentrations of credit risk for derivatives The following tables present Nomura’s significant concentration of exposures to credit risk in OTC derivatives with financial institutions including transactions cleared through central counterparties as of March 31, 2021 and 2022. The gross fair value of derivative assets represents the maximum amount of loss due to credit risk that Nomura would incur if the counterparties of Nomura failed to perform in accordance with the terms of the instruments and any collateral or other security Nomura held in relation to those instruments proved to be of no value. Billions of yen March 31, 2021 Gross fair value of derivative assets Impact of master netting agreements Impact of collateral Net exposure to credit risk Financial institutions ¥ 13,474 ¥ (11,473 ) ¥ (1,500 ) ¥ 501 Billions of yen March 31, 2022 Gross fair value of derivative assets Impact of master netting agreements Impact of collateral Net exposure to credit risk Financial institutions ¥ 15,667 ¥ (13,193 ) ¥ (1,669 ) ¥ 805 Derivative activities The following tables quantify of Nomura’s derivative positions as of March 31, 2021 and 2022 through a disclosure of notional amounts, in comparison with the fair value of those derivatives. All amounts are disclosed on a gross basis, prior to counterparty offsetting of derivative assets and liabilities and cash collateral offsetting against net derivatives. Derivatives which contain multiple types of risk are classified in the table based on the primary risk type of the instrument. Changes in the fair value of derivatives are recognized either through earnings or other comprehensive income depending on the purpose for which the derivatives are used. Billions of yen March 31, 2021 Derivative assets Derivative liabilities Total notional (1) Fair value Fair value (1) Derivatives used for trading and non-trading (2) Equity contracts ¥ 40,396 ¥ 1,402 ¥ 2,229 Interest rate contracts 2,524,407 9,617 9,023 Credit contracts 38,850 455 523 Foreign exchange contracts 351,662 4,511 4,402 Commodity contracts 334 1 0 Total ¥ 2,955,649 ¥ 15,986 ¥ 16,177 Derivatives designated as formal fair value or net investment accounting hedges: Interest rate contracts ¥ 1,168 ¥ 15 ¥ 14 Foreign exchange contracts 130 5 — Total ¥ 1,298 ¥ 20 ¥ 14 Total derivatives ¥ 2,956,947 ¥ 16,006 ¥ 16,191 Billions of yen March 31, 2022 Derivative assets Derivative liabilities Total notional (1) Fair value Fair value (1) Derivatives used for trading and non-trading (2) Equity contracts ¥ 34,526 ¥ 974 ¥ 1,457 Interest rate contracts 2,769,546 11,938 10,865 Credit contracts 37,572 443 514 Foreign exchange contracts 314,763 4,804 4,814 Commodity contracts 300 1 1 Total ¥ 3,156,707 ¥ 18,160 ¥ 17,651 Derivatives designated as formal fair value or net investment accounting hedges: Interest rate contracts ¥ 2,166 ¥ — ¥ 88 Foreign exchange contracts 145 2 — Total ¥ 2,311 ¥ 2 ¥ 88 Total derivatives ¥ 3,159,018 ¥ 18,162 ¥ 17,739 (1) Includes the amount of embedded derivatives bifurcated in accordance with ASC 815. (2) As of March 31, 2021 and 2022, the amounts reported include derivatives used for non-trading Offsetting of derivatives Counterparty credit risk associated with derivatives is controlled by Nomura through credit approvals, limits and monitoring procedures. To reduce the risk of loss, Nomura requires collateral, principally cash collateral and government securities, for certain derivative transactions. In certain cases, Nomura may agree for such collateral to be posted to a third-party custodian under a control agreement that enables Nomura to take control of such collateral in the event of counterparty default. From an economic standpoint, Nomura evaluates default risk exposure net of related collateral. Furthermore, OTC derivative transactions are typically documented under industry standard master netting agreements which mitigate Nomura’s credit exposure to counterparties. A master netting agreement is a single agreement with a counterparty that permits multiple transactions governed by that agreement to be terminated or accelerated and settled through a single payment in a single currency in the event of a default of the counterparty (“close-out For certain OTC centrally-cleared and exchange-traded derivatives, the clearing or membership agreements entered into by Nomura provide similar rights to Nomura in the event of default of the relevant central clearing party or exchange. Nomura generally seeks to obtain an external legal opinion in order to ascertain the enforceability of such close-out For certain counterparties and/ or in certain jurisdictions, Nomura may enter into derivative transactions which are not documented under a master netting agreement. Even when derivatives are documented under such agreements, Nomura may not have obtained, or may not be able to obtain evidence to determine with sufficient certainty that close-out close-out where the local laws are complex, ambiguous or silent on the enforceability of such rights. This may include derivative transactions executed with certain foreign governments, agencies, municipalities, central clearing counterparties, exchanges and pension funds. Nomura considers the enforceability of a master netting agreement in determining how credit risk arising from transactions with a specific counterparty is hedged, how counterparty credit exposures are calculated and applied to credit limits and the extent and nature of collateral requirements from the counterparty. Derivative assets and liabilities with the same counterparty and the related cash collateral receivables and payables documented under an enforceable master netting agreement are presented on a net basis on the consolidated balance sheets where the specific criteria defined by ASC 210-20 The following table presents information about offsetting of derivatives and related cash collateral amounts on the consolidated balance sheets as of March 31, 2021 and 2022 by type of derivative contract, and additional amounts permitted to be offset legally by Nomura under enforceable master netting agreements, central clearing counterparties or exchange rules in the event of counterparty default but not offset on the consolidated balance sheets due to one or more of the criteria defined by ASC 210-20 close-out Billions of yen Billions of yen March 31, 2021 March 31, 2022 Derivative assets Derivative liabilities (1) Derivative assets Derivative liabilities (1) Equity contracts OTC settled bilaterally ¥ 904 ¥ 1,439 ¥ 709 ¥ 1,054 Exchange-traded 498 790 265 403 Interest rate contracts OTC settled bilaterally 8,456 7,871 9,486 8,584 OTC centrally-cleared 1,147 1,146 2,332 2,309 Exchange-traded 29 20 120 60 Credit contracts OTC settled bilaterally 169 251 208 276 OTC centrally-cleared 282 269 223 224 Exchange-traded 4 3 12 14 Foreign exchange contracts OTC settled bilaterally 4,516 4,402 4,806 4,814 Commodity contracts OTC settled bilaterally 0 0 1 1 Exchange-traded 1 0 0 0 Total gross derivative balances (2) ¥ 16,006 ¥ 16,191 ¥ 18,162 ¥ 17,739 Less: Amounts offset in the consolidated balance sheets (3) (14,786 ) (14,697 ) (16,608 ) (16,079 ) Total net amounts reported on the face of the consolidated balance sheets (4) ¥ 1,220 ¥ 1,494 ¥ 1,554 ¥ 1,660 Less: Additional amounts not offset in the consolidated balance sheets (5) Financial instruments and non-cash ¥ (240 ) ¥ (310 ) ¥ (432 ) ¥ (134 ) Net amount ¥ 980 ¥ 1,184 ¥ 1,122 ¥ 1,526 (1) Includes the amount of embedded derivatives bifurcated in accordance with ASC 815. (2) Includes all gross derivative asset and liability balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. As of March 31, 2021, the gross balance of derivative assets and derivative liabilities which are not documented under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability was ¥392 billion and ¥589 billion, respectively. As of March 31, 2022, the gross balance of such derivative assets and derivative liabilities was ¥458 billion and ¥671 billion, respectively. (3) Represents amounts offset through counterparty offsetting of derivative assets and liabilities as well as cash collateral offsetting against net derivatives under master netting and similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 815. As of March 31, 2021, Nomura offset a total of ¥1,594 billion of cash collateral receivables against net derivative liabilities and ¥1,683 billion of cash collateral payables against net derivative assets. As of March 31, 2022, Nomura offset a total of ¥1,431 billion of cash collateral receivables against net derivative liabilities and ¥1,960 billion of cash collateral payables against net derivative assets. (4) Net derivative assets and net derivative liabilities are generally reported within Trading assets and private equity and debt investments — Trading assets Trading liabilities Short-term borrowings Long-term borrowings (5) Represents amounts which are not permitted to be offset on the consolidated balance sheets in accordance with ASC 210-20 For information on offsetting of collateralized transactions, see Note 5 “ Collateralized transactions Derivatives used for trading purposes Derivative financial instruments used for trading purposes, including bifurcated embedded derivatives, are carried at fair value with changes in fair value recognized through the consolidated statements of income within Revenue—Net gain on trading The following table presents amounts included in the consolidated statements of income for the years ended March 31, 2020, 2021 and 2022 related to derivatives used for trading and non-trading Billions of yen Year ended March 31 2020 2021 2022 Derivatives used for trading and non-trading (1) Equity contracts ¥ 93 ¥ 26 ¥ (36 ) Interest rate contracts (192 ) 254 198 Credit contracts (118 ) (90 ) (118 ) Foreign exchange contracts 57 (11 ) 27 Commodity contracts (1 ) 50 87 Total ¥ (161 ) ¥ 229 ¥ 158 (1) Includes net gains (losses) on derivatives used for non-trading non-trading Fair value hedges Nomura issues Japanese Yen and foreign currency denominated debt with both fixed and floating interest rates. Nomura generally enters into swap agreements to convert fixed rate interest payments on its debt obligations to a floating rate and applies fair value hedge accounting to these instruments. In conjunction with the abolition of LIBOR, Nomura terminated the hedging instruments that reference LIBOR and began new hedging transactions. The cancelled hedging transactions are accounted for as termination of hedge accounting. The following table presents the carrying value of the hedged items that are currently designated in a hedging relationship by line items in the consolidated balance sheets where the hedged item is reported, the related cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items and the cumulative amount of fair value hedging adjustment remaining for the liabilities which hedge accounting has been discontinued as of March 31, 2021 and 2022. Billions of yen Balance sheet line Carrying amount of the hedged Cumulative gains of fair value Cumulative amount of fair value March 31, 2021 March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021 March 31, 2022 Long-term borrowings ¥ 1,164 ¥ 2,075 ¥ 2 ¥ 90 ¥ 0 ¥ 0 Total ¥ 1,164 ¥ 2,075 ¥ 2 ¥ 90 ¥ 0 ¥ 0 Hedging derivatives designated as fair value hedges are carried at fair value attributable to the hedged risk, which is recognized in the consolidated statements of income within Interest expense Revenue-Other The following table presents amounts included in the consolidated statements of income for the years ended March 31, 2020, 2021 and 2022 related to derivatives designated as fair value hedges by type of underlying derivative contract and the nature of the hedged item. Billions of yen Year ended March 31 2020 2021 2022 Derivatives designated as fair value hedging instruments: Interest rate contracts ¥ (26 ) ¥ 29 ¥ 85 Total ¥ (26 ) ¥ 29 ¥ 85 Billions of yen Year ended March 31 2020 2021 2022 Hedged items in fair value hedges: Long-term borrowings ¥ 26 ¥ (29 ) ¥ (85 ) Total ¥ 26 ¥ (29 ) ¥ (85 ) Net investment hedges Nomura designates certain foreign currency derivatives, as hedges of net investments in certain foreign operations with significant foreign exchange risks and applies hedge accounting to these instruments. Accordingly, foreign exchange gains and losses arising from the derivatives and non-derivative Other comprehensive income (loss)—Change in cumulative translation adjustments, net of tax The following table presents gains (losses) from derivatives designated as net investment hedges included in the consolidated statements of comprehensive income for the years ended March 31, 2020, 2021 and 2022. Billions of yen Year ended March 31 2020 2021 2022 Net investment hedging instruments: Foreign exchange contracts ¥ 2 ¥ (7 ) ¥ 7 Total ¥ 2 ¥ (7 ) ¥ 7 The portion of gains (losses) representing the amount excluded from the assessment of hedge effectiveness are recognized within Revenue—Net gain on trading and Revenue — Other Derivatives containing credit risk related contingent features Nomura enters into certain OTC derivatives and other agreements containing credit-risk-related contingent features. These features would require Nomura to post additional collateral or settle the instrument upon occurrence of a credit event, the most common of which would be a downgrade in the Company’s long-term credit rating. The aggregate fair value of all derivatives with credit-risk-related contingent features that are in a liability position as of March 31, 2021, was ¥727 billion with related collateral pledged of ¥583 billion. In the event of a one-notch The aggregate fair value of all derivatives with credit-risk-related contingent features that are in a liability position as of March 31, 2022 was ¥638 billion with related collateral pledged of ¥421 billion. In the event of a one-notch Credit derivatives Credit derivatives are derivatives in which one or more of their underlying reference assets of the instrument are related to the credit risk of a specified entity (or group of entities) or an index based on the credit risk of a group of entities that expose the seller of credit protection to potential loss from credit events specified in the contract. Written credit derivatives are instruments or embedded features where Nomura assumes third party credit risk, either as guarantor in a guarantee-type contract, or as the party that provides credit protection in an option-type contract, credit default swap, or any other credit derivative contract. Nomura enters into credit derivatives as part of its normal trading activities as both purchaser and/ or seller of protection for credit risk mitigation, proprietary trading positions and for client transactions. The most common type of credit derivatives used by Nomura are single-name credit default swaps where settlement of the derivative is based on the credit risk of a single third party. Nomura also writes credit derivatives linked to the performance of credit default indices and issues other credit risk related portfolio products. Nomura would have to perform under a credit derivative contract if a credit event as defined in the respective contract occurs. Typical credit events include bankruptcy, failure to pay and restructuring of obligations of the underlying reference asset. Credit derivatives written by Nomura are either cash or physically settled. In cash-settled instruments, once payment is made upon an event of a default, the contract usually terminates with no further payments due. Nomura generally has no right to assume the reference assets of the counterparty in exchange for payment, nor does Nomura usually have any direct recourse to the actual issuers of the reference assets to recover the amount paid. In physically settled contracts, upon a default event, Nomura takes delivery of the reference asset in return for payment of the full notional amount of the contract. Nomura actively monitors and manages its credit derivative exposures. Where protection is sold, risks may be mitigated by purchasing credit protection from other third parties either on identical underlying reference assets or on underlying reference assets with the same issuer which would be expected to behave in a correlated fashion. The most common form of recourse provision to enable Nomura to recover from third parties any amounts paid under a written credit derivative is therefore not through the derivative itself but rather through the purchase of separate credit derivative protection with identical or correlated underlying reference assets. The extent of these purchased credit protection contracts is quantified in the following tables under the column titled “Purchased Credit Protection.” These amounts represent purchased credit protection with identical underlying reference assets to the written credit derivatives which act as a hedge against Nomura’s exposures. To the extent Nomura is required to pay out under the written credit derivative, a similar amount would generally become due to Nomura under the purchased credit protection. Written credit derivatives have a stated notional amount which represents the maximum payment Nomura may be required to make under the written credit derivative. However, this is generally not a true representation of the amount Nomura will actually pay under these contracts as there are other factors that affect the likelihood and amount of any payment obligations under the contracts, including: Probability of default Recovery value on the underlying asset The following tables present information about Nomura’s written credit derivatives and purchased credit protection with identical underlying reference assets as of March 31, 2021 and 2022. Billions of yen March 31, 2021 Carrying value (Asset) / Liability (1) Maximum potential payout/Notional Notional Years to maturity Purchased credit protection Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Single-name credit default swaps ¥ (80 ) ¥ 7,035 ¥ 1,318 ¥ 2,297 ¥ 2,642 ¥ 778 ¥ 5,452 Credit default swap indices (246 ) 10,235 1,271 4,065 3,989 910 7,737 Other credit risk related portfolio products 10 396 73 180 131 12 280 Credit-risk related options and swaptions 0 39 — — 39 — 33 Total ¥ (316 ) ¥ 17,705 ¥ 2,662 ¥ 6,542 ¥ 6,801 ¥ 1,700 ¥ 13,502 Billions of yen March 31, 2022 Carrying value (Asset) / Liability (1) Maximum potential payout/Notional Notional Years to maturity Purchased credit protection Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Single-name credit default swaps ¥ 19 ¥ 7,708 ¥ 1,339 ¥ 2,915 ¥ 2,448 ¥ 1,006 ¥ 5,688 Credit default swap indices (140 ) 10,015 2,045 4,189 3,257 524 7,494 Other credit risk related portfolio products 19 419 56 286 63 14 293 Credit-risk related options and swaptions 0 115 — — 88 27 68 Total ¥ (102 ) ¥ 18,257 ¥ 3,440 ¥ 7,390 ¥ 5,856 ¥ 1,571 ¥ 13,543 (1) Carrying value amounts are shown on a gross basis prior to cash collateral or counterparty offsetting. Asset balances represent positive fair value amounts caused by tightening of credit spreads of underlyings since inception of the credit derivatives. The following tables present information about Nomura’s written credit derivatives by external credit rating of the underlying asset. Credit ratings are based on S&P Global Ratings (“S&P”), or if not rated by S&P, based on Moody’s Investors Service. If credit ratings from either of these agencies are not available, the credit ratings are based on Fitch Ratings Ltd. or Japan Credit Rating Agency, Ltd. For credit default indices, the credit rating is determined by taking the weighted average of the external credit ratings given for each of the underlying reference entities comprising the portfolio or index. Billions of yen March 31, 2021 Maximum potential payout/Notional AAA AA A BBB BB Other (1) Total Single-name credit default swaps ¥ 198 ¥ 1,218 ¥ 1,887 ¥ 2,098 ¥ 753 ¥ 881 ¥ 7,035 Credit default swap indices 114 128 1,880 6,294 1,415 404 10,235 Other credit risk-related portfolio products — — 4 237 58 97 396 Credit risk-related options and swaptions — — — 32 7 — 39 Total ¥ 312 ¥ 1,346 ¥ 3,771 ¥ 8,661 ¥ 2,233 ¥ 1,382 ¥ 17,705 Billions of yen March 31, 2022 Maximum potential payout/Notional AAA AA A BBB BB Other (1) Total Single-name credit default swaps ¥ 192 ¥ 1,485 ¥ 2,164 ¥ 2,057 ¥ 869 ¥ 941 ¥ 7,708 Credit default swap indices 105 215 3,369 5,012 988 326 10,015 Other credit risk-related portfolio products — — 28 226 47 118 419 Credit risk-related options and swaptions — — 61 27 27 — 115 Total ¥ 297 ¥ 1,700 ¥ 5,622 ¥ 7,322 ¥ 1,931 ¥ 1,385 ¥ 18,257 (1) Other includes credit derivatives where the credit rating of the underlying reference asset is below investment grade or where a credit rating is unavailable. Derivatives entered into in contemplation of sales of financial assets Nomura enters into transactions which involve both the transfer of financial assets to a counterparty and a separate agreement entered contemporaneously with the same counterparty through which Nomura retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. These transactions primarily include sales of securities with bilateral OTC total return swaps or other derivative agreements which are in-substance These transactions are accounted for as sales of the securities with the derivative accounted for separately if the criteria for derecognition of the securities under ASC 860 are met. Where the derecognition criteria are not met, the transfer and separate derivative are accounted for as a single collateralized financing transaction which is reported within Long-term borrowings Short-term borrowings For the year ended March 31, 2021, certain transactions which involve sales of securities and total return swaps were accounted for as sales. As of the date of transfer, the carrying amount of the securities and the amount of gross cash proceeds from the sales were ¥69,405 million and ¥69,535 million, respectively. As of March 31, 2021, the fair value of the securities derecognized by Nomura and the gross liability balances of the derivatives arising from the transactions were ¥67,773 million and ¥1,539 million respectively. For the year ended March 31, 2022, certain transactions which involve sales of securities and total return swaps were accounted for as sales. As of the date of transfer, the carrying amount of the securities and the amount of gross cash proceeds from the sales were ¥69,405 million and ¥69,535 million, respectively. As of March 31, 2022, the fair value of the securities derecognized by Nomura and the gross liability balances of the derivatives arising from the transactions were ¥63,994 million and ¥5,319 million, respectively. |
Revenue from services provided
Revenue from services provided to customers | 12 Months Ended |
Mar. 31, 2022 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from services provided to customers | 4. Revenue from services provided to customers Revenue by types of service The following table presents revenue earned by Nomura from providing services to customers by relevant line item in the consolidated statements of income for the years ended March 31, 2020, 2021 and 2022. Millions of yen Year ended March 31 2020 2021 2022 Commissions ¥ 308,805 ¥ 376,897 ¥ 332,344 Fees from investment banking 103,222 108,681 149,603 Asset management and portfolio service fees 238,202 230,047 269,985 Other revenue 49,901 44,235 38,863 Total ¥ 700,130 ¥ 759,860 ¥ 790,795 Commissions Commissions Millions of yen Year ended March 31 2020 2021 2022 Brokerage commissions ¥ 196,491 ¥ 262,286 ¥ 236,353 Fund unit distribution fees 66,664 68,794 43,695 Other commissions 45,650 45,817 52,296 Total ¥ 308,805 ¥ 376,897 ¥ 332,344 Fees from investment banking Fees from investment banking Millions of yen Year ended March 31 2020 2021 2022 Equity underwriting and distribution fees ¥ 13,958 ¥ 30,647 ¥ 33,113 Debt underwriting and distribution fees 25,546 23,120 29,812 Financial advisory fees 41,646 37,760 64,240 Other fees 22,072 17,154 22,438 Total ¥ 103,222 ¥ 108,681 ¥ 149,603 Asset management and portfolio service fees The following table shows the breakdown of Asset management and portfolio service fees Millions of yen Year ended March 31 2020 2021 2022 Asset management fees ¥ 159,494 ¥ 150,218 ¥ 171,056 Administration fees 62,619 63,215 79,572 Custodial fees 16,089 16,614 19,357 Total ¥ 238,202 ¥ 230,047 ¥ 269,985 The following table presents summary information regarding the key methodologies, assumptions and judgments used in recognizing revenue for each of the primary types of service provided to customers, including the nature of underlying performance obligations within each type of service and whether those performance obligations are satisfied at a point in time or over a period of time. For performance obligations recognized over time, information is also provided to explain the nature of the input or output method used to recognize revenue over time. Type of service provided to customers Overview of key services provided Key revenue recognition policies, judgments Trade execution, clearing services and distribution of fund units • Buying and selling of securities on behalf of customers • Distribution of fund units • Clearing of securities and derivatives on behalf of customers • Trade execution and clearing commissions recognized at a point in time, namely trade date. • Distribution fees are recognized at a point in time when the fund units have been sold to third party investors. • Commissions recognized net of soft dollar credits provided to customers where Nomura is acting as agent in providing investment research and similar services to the customer. Financial advisory services • Provision of financial advice to customers in connection with a specific forecasted transaction or transactions such as mergers and acquisitions • Provision of financial advice not in connection with a specific forecasted transaction or transactions such as general corporate intelligence and similar research • Issuance of fairness opinions • Structuring complex financial instruments for customers • Fees contingent on the success of an underlying transaction are variable consideration recognized when the underlying transaction has been completed since only at such point is it probable that a significant reversal of revenue will not occur. • Retainer and milestone fees are recognized either over the period to which they relate or are deferred until consummation of the underlying transaction depending on whether the underlying performance obligation is satisfied at a point in time or over time. Type of service provided to customers Overview of key services provided Key revenue recognition policies, judgments • Judgment is required to make this determination with factors influencing this determination including, but not limited to, whether the fee is in connection with an engagement designed to achieve a specific transaction or outcome for the customer (such as the purchase or sale of a business), the nature and extent of benefit to be provided to the customer prior to, and in addition to such specific transaction or outcome and the fee structure for the engagement. • Retainer and milestone fees recognized over time are normally recognized on a straight-line basis over the term of the contract based on time elapsed. Underwriting and syndication services • Underwriting of debt, equity and other financial instruments on behalf of customers • Distributing securities on behalf of issuers • Arranging loan financing for customers • Syndicating loan financing on behalf of customer • Underwriting and syndication fees are recognized at a point in time when the underlying transaction is complete. • Commitment fees where draw down of the facility is deemed remote recognized on a straight-line basis over the life of the facility based on time elapsed. • Underwriting and syndication costs recognized either as a reduction of revenue or on a gross basis depending on whether Nomura is acting as principal or agent for such amounts. Type of service provided to customers Overview of key services provided Key revenue recognition policies, judgments Asset management services • Management of funds, investment trusts and other investment vehicles • Provision of investment advisory services • Provision of custodial and administrative services to customers • Management fees earned by Nomura in connection with managing a fund, investment trust or other vehicle generally are recognized on a straight-line basis based on time elapsed. • Performance-based fees are variable consideration recognized when the performance metric has been determined since only at such point is it probable that a significant reversal of revenue will not occur. • Custodial and administrative fees are recognized on a straight-line basis over time based on time elapsed. Where revenue is recognized at a point in time, payments of fees are typically received at the same time as when the performance obligation is satisfied, or within several days or months after satisfying a performance obligation. In relation to revenue recognized over time, payments of fees are typically settled monthly, quarterly or semi-annually. The underlying contracts entered into by Nomura in connection with the services described above typically do not have significant financing components. If such components exist in a contract, Nomura has made an accounting policy permitted by ASC 606 “ Revenue from Contracts with Customers Customer contract balances When Nomura or the customer performs in accordance with the terms of a customer contract, a contract asset, customer contract receivable or contract liability is recognized in Nomura’s consolidated balance sheet. A contract asset represents accrued revenue recognized by Nomura for completion or partially completion of a performance obligation, namely a right of Nomura to receive consideration for providing the service to the customer, which is conditional on factors or events other than the passage of time. A customer contract receivable is an unconditional right of Nomura to receive consideration in exchange for services provided. Both contract assets and customer contract receivables are reported in Receivables from Customers Payables to Customers The following table presents the balances of customer contract receivables and contract liabilities in scope of ASC 606. The amount of contract assets as of March 31, 2021 and 2022 was not significant. Millions of yen March 31, 2021 March 31, 2022 Customer contract receivables ¥ 85,205 ¥ 88,621 Contract liabilities (1) 3,497 3,834 (1) Contract liabilities primarily rise from investment advisory services and are recognized over the term of the contract based on time elapsed. The balance of contract liabilities as of March 31, 2020 were recognized as revenue for the year ended March 31, 2021. Nomura recognized ¥1,565 million of revenue from performance obligations satisfied in previous periods for the year ended March 31, 2021. The balance of contract liabilities as of March 31, 2021 were recognized as revenue for the year ended March 31, 2022. Nomura recognized ¥8,108 million of revenue from performance obligations satisfied in previous periods for the year ended March 31, 2022. Transaction price allocated to the remaining performance obligations In the ordinary course of business, Nomura may enter into customer contracts where the performance obligations are wholly or partially unsatisfied as of fiscal year ends. The total transaction prices allocated to the remaining unsatisfied performance obligations within these customer contracts were ¥1,187 million as of March 31, 2021 and ¥1,350 million as of March 31, 2022. As permitted by ASC 606, Nomura has elected not to disclose information about remaining performance obligations that have an individual estimated contract period of one year or less. In addition, considerations arising from contracts with customers do not comprise any significant amount that is not included in transaction price. Customer contract costs As permitted by ASC 340 “ Other Assets and Deferred Costs, |
Collateralized transactions
Collateralized transactions | 12 Months Ended |
Mar. 31, 2022 | |
Collateralized Transactions | |
Collateralized transactions | 5. Collateralized transactions: Nomura enters into collateralized transactions, including reverse repurchase agreements, repurchase agreements, securities borrowing transactions, securities lending transactions, other secured borrowings and similar transactions mainly to meet clients’ financing needs, finance trading inventory positions and obtain securities for settlement. Reverse repurchase agreements, repurchase agreements, securities borrowing transactions and securities lending transactions are typically documented under industry standard master netting agreements which mitigate Nomura’s credit exposure to counterparties. For certain centrally-cleared reverse repurchase and repurchase agreements, the clearing or membership agreements entered into by Nomura provide similar rights to Nomura in the event of default of the relevant central clearing counterparty. Nomura generally seeks to obtain an external legal opinion in order to ascertain the enforceability of such close-out Nomura may enter into reverse repurchase agreements, repurchase agreements, securities borrowing and securities lending transactions with certain types of counterparty and in certain jurisdictions which are not documented under a master netting agreement. Even when these transactions are documented under such master netting agreements, Nomura may not have obtained, or may not be able to obtain, evidence to determine with sufficient certainty that the close-out close-out Nomura considers the enforceability of a master netting agreement in determining how credit risk arising from transactions with a specific counterparty is hedged, how counterparty credit exposures are calculated and applied to credit limits and the extent and nature of collateral requirements from the counterparty. In all of these transactions, Nomura either receives or provides collateral, including Japanese and non-Japanese Offsetting of certain collateralized transactions Reverse repurchase agreements and repurchase agreements, securities borrowing and lending transactions with the same counterparty documented under a master netting agreement are offset in the consolidated balance sheets where specific criteria as defined by ASC 210-20 close-out The following tables present information about offsetting of these transactions in the consolidated balance sheets as of March 31, 2021 and 2022, together with the extent to which master netting agreements entered into with counterparties and central clearing parties permit additional offsetting in the event of counterparty default. Transactions which are not documented under a master netting agreement or are documented under a master netting agreement for which Nomura does not have sufficient evidence of enforceability are not offset in the following tables. Billions of yen March 31, 2021 Assets Liabilities Reverse repurchase agreements Securities borrowing transactions Repurchase agreements Securities lending transactions Total gross balance (1) ¥ 31,568 ¥ 5,241 ¥ 34,154 ¥ 1,781 Less: Amounts offset in the consolidated balance sheets (2) (20,793 ) — (20,794 ) — Total net amounts of reported on the face of the consolidated balance sheets (3) ¥ 10,775 ¥ 5,241 ¥ 13,360 ¥ 1,781 Less: Additional amounts not offset in the consolidated balance sheets (4) Financial instruments and non-cash (9,390 ) (3,211 ) (9,448 ) (1,488 ) Cash collateral (1 ) — (1 ) — Net amount ¥ 1,384 ¥ 2,030 ¥ 3,911 ¥ 293 Billions of yen March 31, 2022 Assets Liabilities Reverse repurchase agreements Securities borrowing transactions Repurchase agreements Securities lending transactions Total gross balance (1) ¥ 31,365 ¥ 4,994 ¥ 32,061 ¥ 1,734 Less: Amounts offset in the consolidated balance sheets (2) (19,486 ) — (19,486 ) — Total net amounts of reported on the face of the consolidated balance sheets (3) ¥ 11,879 ¥ 4,994 ¥ 12,575 ¥ 1,734 Less: Additional amounts not offset in the consolidated balance sheets (4) Financial instruments and non-cash (9,370 ) (3,372 ) (9,114 ) (1,524 ) Cash collateral (8 ) — (12 ) — Net amount ¥ 2,501 ¥ 1,622 ¥ 3,449 ¥ 210 (1) Include all recognized balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. Amounts include transactions carried at fair value through election of the fair value option. As of March 31, 2021, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥480 billion and ¥2,653 billion, respectively. As of March 31, 2021, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥1,947 billion and ¥213 billion, respectively. As of March 31, 2022, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥793 billion and ¥2,453 billion, respectively. As of March 31, 2022, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥1,511 billion and ¥158 billion, respectively. (2) Represent amounts offset through counterparty netting under master netting or similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 210-20. (3) Reverse repurchase agreements and securities borrowing transactions are reported within Collateralized agreements — Securities purchased under agreements to resell Collateralized agreements — Securities borrowed Collateralized financing — Securities sold under agreements to repurchase Collateralized financing — Securities loaned Other liabilities (4) Represent amounts which are not permitted to be offset on the face of the balance sheet in accordance with ASC 210-20 For information on offsetting of derivatives, see Note 3 “ Derivative instruments and hedging activities Maturity analysis of repurchase agreements and securities lending transactions The following table presents an analysis of the total carrying value of liabilities recognized in the consolidated balance sheets for repurchase agreements and securities lending transactions by remaining contractual maturity of the agreement as of March 31, 2021 and 2022. Amounts reported are shown prior to counterparty netting in accordance with ASC 210-20. Billions of yen March 31, 2021 Overnight and open (1) Up to 30 days 30 - 90 days 90 days - Greater than 1 year Total Repurchase agreements ¥ 13,837 ¥ 16,452 ¥ 1,991 ¥ 1,590 ¥ 284 ¥ 34,154 Securities lending transactions 872 351 291 266 1 1,781 Total gross recognized liabilities (2) ¥ 14,709 ¥ 16,803 ¥ 2,282 ¥ 1,856 ¥ 285 ¥ 35,935 Billions of yen March 31, 2022 Overnight and open (1) Up to 30 days 30 - 90 days 90 days - Greater than 1 year Total Repurchase agreements ¥ 12,266 ¥ 15,454 ¥ 2,220 ¥ 1,611 ¥ 510 ¥ 32,061 Securities lending transactions 992 242 200 277 23 1,734 Total gross recognized liabilities (2) ¥ 13,258 ¥ 15,696 ¥ 2,420 ¥ 1,888 ¥ 533 ¥ 33,795 (1) Open transactions do not have an explicit contractual maturity date and are terminable on demand by Nomura or the counterparty. (2) Repurchase agreements and securities lending transactions are reported within Collateralized financing — Securities sold under agreements to repurchase Collateralized financing — Securities loaned Other liabilities Securities transferred in repurchase agreements and securities lending transactions The following table presents an analysis of the total carrying value of liabilities recognized in the consolidated balance sheets for repurchase agreements and securities lending transactions by class of securities transferred by Nomura to counterparties as of March 31, 2021 and 2022. Amounts reported are shown prior to counterparty netting in accordance with ASC 210-20. Billions of yen March 31, 2021 Repurchase agreements Securities lending transactions Total Equities and convertible securities ¥ 724 ¥ 1,600 ¥ 2,324 Japanese government, agency and municipal securities 1,168 0 1,168 Foreign government, agency and municipal securities 27,531 8 27,539 Bank and corporate debt securities 1,926 117 2,043 Commercial mortgage-backed securities (“CMBS”) 6 — 6 Residential mortgage-backed securities (“RMBS”) (1) 2,532 — 2,532 Collateralized debt obligations (“CDOs”) and other 223 — 223 Investment trust funds and other 44 56 100 Total gross recognized liabilities (2) ¥ 34,154 ¥ 1,781 ¥ 35,935 Billions of yen March 31, 2022 Repurchase agreements Securities lending transactions Total Equities and convertible securities ¥ 384 ¥ 1,508 ¥ 1,892 Japanese government, agency and municipal securities 879 1 880 Foreign government, agency and municipal securities 26,436 17 26,453 Bank and corporate debt securities 2,322 175 2,497 Commercial mortgage-backed securities (“CMBS”) 1 — 1 Residential mortgage-backed securities (“RMBS”) (1) 1,846 — 1,846 Collateralized debt obligations (“CDOs”) and other 157 — 157 Investment trust funds and other 36 33 69 Total gross recognized liabilities (2) ¥ 32,061 ¥ 1,734 ¥ 33,795 (1) Includes billion of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations as of March 31, 2021. Includes billion of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations as of March 31, 2022. (2) Repurchase agreements and securities lending transactions are reported within Collateralized financing — Securities sold under agreements to repurchase Collateralized financing — Securities loaned Other liabilities Collateral received by Nomura The following table presents the fair value of securities received as collateral, securities borrowed with collateral and securities borrowed without collateral, which Nomura is permitted to sell or repledge, and the portion that has been sold or repledged as of March 31, 2021 and 2022. Billions of yen March 31 2021 2022 The fair value of securities received as collateral, securities borrowed as collateral and securities borrowed without collateral where Nomura is permitted by contract or custom to sell or repledge the securities ¥ 50,466 ¥ 48,234 The portion of the above that has been sold (as reported within Trading liabilities 38,342 36,146 Collateral pledged by Nomura Nomura pledges owned securities and other financial assets to collateralize repurchase transactions, other secured financings and derivative transactions. Pledged securities that can be sold or repledged by the transferee, including Gensaki Repo transactions, are reported in parentheses as Securities pledged as collateral Trading assets Non-trading Investments in and advances to affiliated companies The following table presents the carrying amounts of financial assets recognized in the consolidated balance sheets which have been pledged as collateral, primarily to stock exchanges and clearing organizations, without allowing the secured party the right to sell or repledge them by type of asset as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Trading assets: Equities and convertible securities ¥ 239,393 ¥ 368,235 Government and government agency securities 1,064,164 1,178,011 Bank and corporate debt securities 32,262 27,899 Residential mortgage-backed securities (“RMBS”) 1,790,395 868,183 Collateralized debt obligations (“CDOs”) and other (1) 32,081 9,548 Investment trust funds and other 43,805 36,661 ¥ 3,202,100 ¥ 2,488,537 Non-trading (2) 115,659 163,445 Investments in and advances to affiliated companies (3) ¥ 4,136 ¥ 12,832 (1) Includes CLOs and ABS such as those secured on credit card loans, auto loans and student loans. (2) Non-trading (3) Investments in and advances to affiliated companies primarily comprise shares in NRI. The following table presents the carrying amount of financial and non-financial Millions of yen March 31 2021 2022 Loans and receivables ¥ 114,051 ¥ 235,875 Trading assets and private equity and debt investments 1,344,361 1,416,279 Office buildings, land, equipment and facilities 5,076 4,841 Non-trading 1,047 2,827 Investments in and advances to affiliated companies — 3 Other 5,823 497 ¥ 1,470,358 ¥ 1,660,322 Assets in the above table were primarily pledged for secured borrowings, including other secured borrowings, collateralized borrowings of consolidated VIEs, trading balances of secured borrowings, and derivative transactions. See Note 11 “ Borrowings trading balances of secured borrowings |
Securitizations and Variable In
Securitizations and Variable Interest Entities | 12 Months Ended |
Mar. 31, 2022 | |
Securitizations and Variable Interest Entities [Abstract] | |
Securitizations and Variable Interest Entities | 6. Securitizations and Variable Interest Entities: Securitizations Nomura utilizes special purpose entities (“SPEs”) to securitize commercial and residential mortgage loans, government agency and corporate securities and other types of financial assets. Those SPEs are incorporated as stock companies, Tokumei kumiai (silent partnerships), Cayman special purpose companies (“SPCs”) or trust accounts. Nomura’s involvements with these SPEs includes structuring SPEs, underwriting, distributing and selling debt instruments and beneficial interests issued by SPEs to investors. Nomura accounts for the transfer of financial assets in accordance with ASC 860. This statement requires that Nomura accounts for the transfer of financial assets as a sale when Nomura relinquishes control over the assets. ASC 860 deems control to be relinquished when the following conditions are met: (a) the assets have been isolated from the transferor (even in bankruptcy or other receivership), (b) the transferee has the right to pledge or exchange the assets received, or if the transferee is an entity whose sole purpose is to engage in securitization or asset-backed financing activities, the holders of its beneficial interests have the right to pledge or exchange the beneficial interests, and (c) the transferor has not maintained effective control over the transferred assets. Where Nomura retains an interest in the financial assets, including residual interests in the SPEs, any such interests are measured at fair value and reported within Trading assets Revenue-Net As noted above, Nomura may have continuing involvement with SPEs to which Nomura transferred assets. For the years ended March 31, 2021 and 2022, Nomura received cash proceeds from SPEs in new securitizations of ¥297 billion and ¥464 billion, respectively, and the associated gain on sale was ¥19 billion and ¥9 billion, respectively. For the years ended March 31, 2021 and 2022, Nomura received debt securities issued by these SPEs with an initial fair value of ¥2,799 billion and ¥1,890 billion, respectively, and cash inflows from third parties on the sale of those debt securities of ¥2,564 billion and ¥1,759 billion, respectively. The cumulative balance of financial assets transferred to SPEs with which Nomura has continuing involvement was ¥5,323 billion and ¥5,829 billion as of March 31, 2021 and 2022, respectively. Nomura’s retained interests were ¥160 billion and ¥131 billion as of March 31, 2021 and 2022, respectively. For the years ended March 31, 2021 and 2022, Nomura received cash flows of ¥27 billion and ¥39 billion, respectively, from the SPEs on the retained interests held in the SPEs. Nomura does not provide any financial support to SPEs beyond its contractual obligations as of March 31, 2021 and 2022. The following tables present the fair value of retained interests which Nomura has continuing involvement in SPEs and their classification in the fair value hierarchy, categorized by the type of transferred assets as of March 31, 2021 and 2022. Billions of yen March 31, 2021 Level 1 Level 2 Level 3 Total Investment grade Other Government, agency and municipal securities ¥ — ¥ 154 ¥ — ¥ 154 ¥ 154 ¥ — Bank and corporate debt securities — — — — — — CMBS and RMBS — — 6 6 0 6 Total ¥ — ¥ 154 ¥ 6 ¥ 160 ¥ 154 ¥ 6 Billions of yen March 31, 2022 Level 1 Level 2 Level 3 Total Investment grade Other Government, agency and municipal securities ¥ — ¥ 124 ¥ — ¥ 124 ¥ 124 ¥ — Bank and corporate debt securities — — — — — — CMBS and RMBS — — 7 7 2 5 Total ¥ — ¥ 124 ¥ 7 ¥ 131 ¥ 126 ¥ 5 As of March 31, 2021 and 2022, predominantly all of the retained interests held by Nomura were valued using observable prices. The initial fair value of these retained interests are mostly level 2 in the fair value hierarchy. The following table presents the type and carrying value of financial assets included within Trading assets Loans receivable Long-term borrowings. non-recourse Billions of yen March 31 2021 2022 Assets Trading assets Loans for trading purposes ¥ 106 ¥ 19 Loans receivable — 203 Total ¥ 106 ¥ 222 Liabilities Long-term borrowings ¥ 106 ¥ 222 Variable Interest Entities (“VIEs”) In the normal course of business, Nomura acts as a transferor of financial assets to VIEs, and underwriter, distributor, and seller of repackaged financial instruments issued by VIEs in connection with its securitization and equity derivative activities. Nomura retains, purchases and sells variable interests in VIEs in connection with its market-making, investing and structuring activities. If Nomura has power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, and through Nomura’s interest in the VIE, Nomura has the right to receive benefits or the obligation to absorb losses that could be potentially significant to the VIE, Nomura is the primary beneficiary of the VIE and must consolidate the entity, provided that Nomura does not act as a fiduciary for other interest holders. Nomura’s consolidated VIEs include those that were created to market structured securities to investors by repackaging corporate convertible securities, mortgages and mortgage-backed securities. Certain VIEs used in connection with Nomura’s aircraft leasing business as well as other purposes are consolidated. Nomura also consolidates certain investment funds for which Nomura is the primary beneficiary. The power to direct the most significant activities may take a number of different forms in different types of VIEs. For transactions such as securitizations, investment funds, and CDOs, Nomura generally considers collateral management and servicing to represent the power to make the most significant decisions, unless such roles are deemed to be a fiduciary relationship. Accordingly, Nomura does not consolidate such types of VIEs for which it does not act as collateral manager or servicer unless Nomura has the unilateral right to replace the collateral manager or servicer or to require liquidation of the entity. For many transactions, such as where VIEs are used for re-securitizations re-securitization The following table presents the classification of consolidated VIEs’ assets and liabilities in these consolidated financial statements as of March 31, 2021 and 2022. Most of these assets and liabilities are related to consolidated VIEs which securitize corporate convertible securities, mortgages and mortgage-backed securities. The assets of a consolidated VIE may only be used to settle obligations of that VIE. Creditors do not typically have any recourse to Nomura. Billions of yen March 31 2021 2022 Consolidated VIE assets Cash and cash equivalents ¥ 13 ¥ 62 Trading assets Equities 524 555 Debt securities 414 443 CMBS and RMBS 20 21 Investment trust funds and other 4 — Derivatives 1 1 Private equity and debt investments 21 4 Office buildings, land, equipment and facilities 51 10 Other 26 115 Total ¥ 1,074 ¥ 1,211 Consolidated VIE liabilities Trading liabilities Derivatives 2 0 Borrowings Short-term borrowings 74 95 Long-term borrowings 763 797 Other 2 6 Total ¥ 841 ¥ 898 On a quarterly basis, Nomura reassesses its involvement with the VIEs and evaluates the impact of any changes in governing documents and/or variable interests held by Nomura and other parties. Nomura also holds variable interests in VIEs where Nomura is not the primary beneficiary. Nomura’s variable interests in such VIEs include senior and subordinated debt, residual interests, and equity interests associated with commercial and residential mortgage-backed and other asset-backed securitizations and structured financings, equity interests in VIEs which were formed primarily to acquire high yield leveraged loans and other lower investment grade debt obligations, residual interests in operating leases for aircraft held by VIEs, and loans and investments in VIEs that acquire operating businesses. The following tables present the carrying amount of variable interests of unconsolidated VIEs and maximum exposure to loss associated with these variable interests as of March 31, 2021 and 2022. Maximum exposure to loss does not reflect Nomura’s estimate of the actual losses that could result from adverse changes, nor does it reflect the economic hedges Nomura enters into to reduce its exposure. The risks associated with VIEs in which Nomura is involved are limited to the amount recorded in the consolidated balance sheets and the amount of any undrawn commitments and financial guarantees issued. Billions of yen March 31, 2021 Carrying amount of variable interests Maximum exposure to loss to unconsolidated VIEs Assets Liabilities Trading assets and liabilities Equities ¥ 30 ¥ — ¥ 30 Debt securities 60 — 60 CMBS and RMBS 2,362 — 2,362 Investment trust funds and other 195 — 195 Private equity and debt investments 3 — 3 Loans 556 — 556 Other 19 — 19 Commitments to extend credit and other guarantees — — 110 Total ¥ 3,225 ¥ — ¥ 3,335 Billions of yen March 31, 2022 Carrying amount of variable interests Maximum exposure to loss to unconsolidated VIEs Assets Liabilities Trading assets and liabilities Equities ¥ 26 ¥ — ¥ 26 Debt securities 61 — 61 CMBS and RMBS 1,432 — 1,432 Investment trust funds and other 191 — 191 Private equity and debt investments 22 — 22 Loans 940 — 940 Other 10 — 10 Commitments to extend credit and other guarantees — — 256 Total ¥ 2,682 ¥ — ¥ 2,938 The above does not include |
Financing receivables
Financing receivables | 12 Months Ended |
Mar. 31, 2022 | |
Financing Receivables [Abstract] | |
Financing receivables | 7. Financing receivables: In the normal course of business, Nomura extends financing to clients primarily in the form of loan receivables, loan commitments and collateralized agreements such as reverse repurchase agreements and securities borrowing transactions. These financing receivables are recognized as assets on Nomura’s consolidated balance sheets at fair value or on amortized cost basis and provide a contractual right to receive money either on demand or on future fixed or determinable dates. The carrying value of financing receivables measured on an amortized cost basis is adjusted for an allowance for current expected credit losses where appropriate. As of April 1, 2020 Nomura adopted new guidance for determination of such allowances defined by ASC 326 “ Financial Instruments — Credit Losses Basis of accounting—New accounting pronouncements recently adopted Collateralized agreements Collateralized agreements consist of reverse repurchase agreements reported as Securities purchased under agreements to resell and securities borrowing transactions reported as Securities borrowed in the consolidated balance sheets, including those executed under Gensaki Repo agreements. Reverse repurchase agreements and securities borrowing transactions principally involve the buying of government and government agency securities from customers under agreements that also require Nomura to resell these securities to those customers, or borrowing these securities with cash and non-cash recognized in the consolidated balance sheets at the amount of cash collateral advanced. Allowances for current expected credit losses against collateralized agreements are not significant either because of application of practical expedients permitted by ASC 326 based on the collateralization requirements and ongoing monitoring of the collateral levels or the short expected life of the financial instruments. Loans receivable The key types of loans receivable recognized by Nomura are loans at banks, short-term secured margin loans, inter-bank money market loans and corporate loans. Loans at banks include both retail and commercial secured loans and traditional unsecured loans mainly extended by Nomura Trust & Banking Co., Ltd. Where retail and commercial loans are secured by real estate or securities, Nomura is exposed to the risk of a decline in the value of the underlying collateral. Loans at banks also include unsecured commercial loans provided to investment banking clients for relationship purposes. For unsecured commercial loans, Nomura is exposed to risk of default of the counterparty, although these counterparties usually have high or good credit ratings. Where loans are secured by guarantees, Nomura is also exposed to the risk of default by the guarantor. Short-term secured margin loans are margin loans provided to clients in connection with securities brokerage business in retail and wealth management services. These loans provide funding for clients in order to purchase securities. Nomura requests initial margin in the form of acceptable securities or deposits against these loans and holds the purchased securities as collateral through the life of the loans. If the value of the securities declines by more than specified amounts, Nomura can make additional frequent margin calls in order to maintain a specified ratio of loan-to-value Inter-bank money market loans are loans to financial institutions in the inter-bank money market, where overnight and intra-day Corporate loans are primarily commercial loans provided to corporate clients excluding those classified as Loans at banks. Corporate loans include loans secured by real estate or securities, unsecured commercial loans provided to investment banking clients for relationship purposes. The risk to Nomura of making these loans is similar to those risks arising from commercial loans reported in loans at banks. The following tables present a summary of loans receivable reported within Loans receivable or Advances to affiliated companies in the consolidated balance sheets as of March 31, 2021, and 2022 by portfolio segment. Millions of yen March 31, 2021 Carried at amortized cost Carried at fair value (1) Total Loans receivable Loans at banks ¥ 605,200 ¥ — ¥ 605,200 Short-term secured margin loans 436,221 — 436,221 Inter-bank money market loans 1,289 — 1,289 Corporate loans 1,082,239 818,523 1,900,762 Total loans receivable ¥ 2,124,949 ¥ 818,523 ¥ 2,943,472 Advances to affiliated companies 1,000 — 1,000 Total ¥ 2,125,949 ¥ 818,523 ¥ 2,944,472 Millions of yen March 31, 2022 Carried at amortized cost Carried at fair value (1) Total Loans receivable Loans at banks ¥ 717,992 ¥ — ¥ 717,992 Short-term secured margin loans 442,600 — 442,600 Inter-bank money market loans 2,196 — 2,196 Corporate loans 1,206,349 1,210,590 2,416,939 Total loans receivable ¥ 2,369,137 ¥ 1,210,590 ¥ 3,579,727 Advances to affiliated companies 1,000 — 1,000 Total ¥ 2,370,137 ¥ 1,210,590 ¥ 3,580,727 (1) Includes loans receivable and loan commitments carried at fair value through election of the fair value option. There were no significant purchases nor sales of loans receivable during the year ended March 31, 2021. During the same period, there were no significant reclassifications of loans receivable to or from trading assets. There were no significant purchases nor sales of loans receivable during the year ended March 31, 2022. During the same period, there were no significant reclassifications of loans receivable to or from trading assets. Net unamortized deferred fees and costs related to loans receivable carried at amortized cost were immaterial as of March 31, 2021 and March 31, 2022. Allowance for current expected credit losses Following adoption of ASC 326 on April 1, 2020, Management has established an allowance for current expected credit losses using the CECL impairment model against the following types of financial instruments, including financing receivables, which are not measured at fair value on a recurring basis, to reflect the net amount Nomura expects to collect: • Loans receivable and written unfunded loan commitments; • Cash deposits; • Collateralized agreements such as reverse repos and securities borrowing transactions; • Customer contract assets and receivables; and • Other receivables including margin receivables, security deposits, default fund contributions to central clearing counterparties and net investments in finance leases. Current expected credit losses for an individual or portfolio of financial instrument are measured at each Nomura reporting date based on expected credit losses over the remaining expected life of the financial instruments that consider forecast of future economic conditions in addition to information about past events and current conditions. Key macroeconomic inputs to our weighted average forecasts of three years include GDP and credit spreads. The risk of loss is considered, even when that risk of loss is remote. While management has based its estimate of the allowance for current expected credit losses on the best information available, future adjustments to the allowance may be necessary as a result of changes in the economic environment or variances between actual results and original assumptions. Nomura has elected to exclude accrued interest receivable from the amortized cost basis of financial instruments used to measure expected credit losses. The amount of accrued interest receivable as of March 31, 2021 and March 31, 2022 was not significant. The methodology used by Nomura to determine allowances for current expected credit losses in accordance with the CECL impairment model primarily depends on the nature of the financial instrument and whether certain practical expedients permitted by ASC 326 are applied by Nomura. Financial instruments subject to the CECL impairment model are charged off when Nomura has deemed the loan or receivable as uncollectible, namely management believes there is no reasonable expectation of collecting future contractual cash flows and all commercially reasonable means of recovering outstanding principle and interest balances have been exhausted. The following table summarizes the methodology used for each significant type of financial instrument subject to the CECL impairment model and the key assumptions used which have impacted the measurement of current expected credit losses during the year ended March 31, 2022. Financial instrument Methodology to determine current expected credit losses Loans, written loan commitments and certain deposits • Full loss rate model developed by Nomura’s Risk department • Measures expected credit losses based on probability of default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) inputs. • PD inputs incorporate forward-looking scenarios used by Nomura for internal risk management and capital purposes. • Immediate reversion method used for periods beyond which reasonable and supportable forecast is not available. • For financial instruments which have defaulted or are probable of defaulting, expected credit losses measured using discounted cash flow analyses or, where the financial instrument is collateral dependent, based on any shortfall of fair value of the underlying collateral. Collateralized agreements, short-term secured margin loans and cash prime brokerage loans • For reverse repos and short-term secured margin loans and cash prime brokerage loans where frequent margining is required and the counterparty has ability to replenish margin, as permitted by a practical expedient provided by ASC 326 expected credit losses are limited to difference between carrying value of the reverse repo or margin loan and fair value of underlying collateral. • Securities borrowing transactions typically have very short expected lives and are collateralized and therefore expected credit losses are generally determined qualitatively to be insignificant based on historical experience and consistent monitoring of collateral. Customer contract assets and receivables • Expected credit losses typically based on ageing analysis where loss rates are applied to the carrying value based on historical experience, the current economic climate and specific information about the ability of the client to pay. Prior to adoption of ASC 326, allowances for credit losses recognized against financial instruments measured at amortized cost were based on amounts which reflected management’s best estimate of probable losses incurred. The allowance for doubtful accounts comprised two components, namely a specific component for financial instruments which have been individually evaluated for impairment; and a general component for financial instruments which, while not individually evaluated for impairment, have been collectively evaluated for impairment based on historical loss experience. The specific component of the allowance reflects probable losses incurred within financial instruments which have been individually evaluated for impairment. Impairment was measured by adjusting the carrying value of the financial instrument to either the present value of expected future cash flows discounted at the financial instrument’s effective interest rate, an observable market price, or the fair value of the collateral if the financial instrument is collateral dependent. The general component of the allowance was for financial instruments not individually evaluated for impairment and includes judgment about collectability based on available information at the balance sheet date and the uncertainties inherent in those underlying assumptions. The allowance was based on historical loss experience adjusted for qualitative factors such as current economic conditions. The following table presents changes in the total allowance for incurred credit losses for the years ended March 31, 2020 as determined using legacy U.S. GAAP guidance in effect prior to ASC 326. The total allowance for incurred credit losses increased as of March 31, 2020 primarily as a result of specific impairments identified in March 2020 as a result of the COVID-19 Millions of yen Year ended March 31, 2020 Allowance for current expected credit losses Allowance receivables other than loans Total Loans at banks Short-term secured margin loans Corporate loans Subtotal Opening balance ¥ 1,052 ¥ 370 ¥ 868 ¥ 2,290 ¥ 1,879 ¥ 4,169 Provision for credit losses 512 — 7,125 7,637 1,451 9,088 Charge-offs — — — — (162 ) (162 ) Other (1) — (18 ) (49 ) (67 ) (16 ) (83 ) Closing balance ¥ 1,564 ¥ 352 ¥ 7,944 ¥ 9,860 ¥ 3,152 ¥ 13,012 (1) Primarily includes the effect of foreign exchange movements and recoveries collected. The following table presents changes in the allowance for current expected credit losses for the year ended March 31, 2021 and 2022 as determined using the CECL impairment model defined by ASC 326. The allowance increased as of March 2022 when compared to March 2021 primarily as a result of additional credit losses arising in connection with the U.S. Prime Brokerage Event in March 2021. See Note 23. “U.S. Prime Brokerage Event” for further information on this event. Millions of yen Year ended March 31, 2021 Allowance for current expected credit losses Allowance receivables other than loans (3) Total Loans at banks Short-term secured margin loans Corporate loans Subtotal Opening balance prior to CECL adoption (1) 1,564 352 7,944 9,860 3,152 13,012 Impact of CECL adoption (2) 232 — 1,738 1,970 2 1,972 Opening balance after CECL adoption 1,796 352 9,682 11,830 3,154 14,984 Provision for credit losses (4) (196 ) — 38,211 38,015 1,060 39,075 Charge-offs (318 ) (363 ) (0 ) (681 ) (1,600 ) (2,281 ) Other (5) — 11 92 103 1,903 2,006 Closing balance ¥ 1,282 ¥ — ¥ 47,985 ¥ 49,267 ¥ 4,517 ¥ 53,784 Millions of yen Year ended March 31, 2022 Allowance for current expected credit losses Allowance receivables other than loans (3) Total Loans at banks Short-term secured margin loans Corporate loans Subtotal Opening balance 1,282 — 47,985 49,267 4,517 53,784 Provision for losses (4) 1,161 — 11,079 12,240 113 12,353 Charge-offs — — — — (1,231 ) (1,231 ) Other ( 4 (5) (9 ) — 3,289 3,280 (1,840 ) 1,440 Closing balance ¥ 2,434 ¥ — ¥ 62,353 ¥ 64,787 ¥ 1,559 ¥ 66,346 (1) Closing balance recognized on March 31, 2020 as determined using legacy U.S. GAAP guidance in effect prior to the adoption of ASC 326. (2) The adjusted opening balance recognized on April 1, 2020 on adoption of the CECL impairment model under ASC 326. (3) Includes amounts recognized against collateralized agreements, customer contract assets and receivables and other receivables. (4) Following default by a U.S. client in connection with the U.S. Prime Brokerage Event in March 2021, a provision for losses of million was recognized. During year ending March 2022, an additional provision for losses of million was recognized during the quarter ended June 30, 2021, which was subsequently partially offset by a release in the allowance of million during the quarter ended March 31, 2022. See Note 23 “U.S. Prime Brokerage Event” for further information on this event. (5) Primarily includes the effect of foreign exchange movements and recoveries collected. Troubled debt restructurings In the ordinary course of business, Nomura may choose to restructure a loan classified as held for investment either because of financial difficulties of the borrower, or simply as a result of market conditions or relationship reasons. A troubled debt restructuring (“TDR”) occurs when Nomura (as lender) for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that Nomura would not otherwise consider. Expected credit losses for a loan being restructured under a TDR which only involve modification of the loan’s terms (rather than receipt of assets in full or partial settlement) is typically determined using a discounted cash flow analysis. Assets received in full or partial satisfaction of a loan in a TDR are recognized at fair value. Discussions continue with various borrowers to modify the existing contractual terms of certain loans. These modifications where the borrower is deemed to be in financial difficulty and Nomura has, or expects to, grant a financial concession would typically be accounted for and reported as a TDR. The amounts of TDRs which occurred during the years ended March 31, 2021 and 2022 were not significant. Nonaccrual and past due loans Loans are placed on a nonaccrual status if interest is deemed uncollectible. Nomura policy is to define interest as being uncollectible if the borrower is determined to be in financial difficulty or an interest or principal payment on the loans is 90 days or more past due. Where a loan is placed on a nonaccrual status, any accrued but unpaid interest receivable reversed and no further accrual of interest is permitted. Interest income is subsequent recognized when a cash payment is received from the borrower using the cash basis method. Loans are generally only returned to an accrual status if the loan is brought contractually current, i.e., all overdue principal and interest amounts are paid. In limited circumstances, a loan which has not been brought contractually current will also be returned to an accrual status if all principal and interest amounts contractually due are reasonably assured of repayment within a reasonable period of time or there has been a sustained period of repayment performance by the borrower. As of March 31, 2021, there were ¥204,404 million of loans which were placed on a nonaccrual status, primarily secured corporate loans. Corporate loans on a non-accrual As of March 31, 2022, there were ¥62,289 million of loans which were placed on a nonaccrual status, primarily secured corporate loans. Corporate loans on a non-accrual Credit quality indicators Nomura is exposed to credit risks due to a decline in the value of loans or a default caused by deterioration of creditworthiness or bankruptcy of the borrower. Nomura’s risk management framework for such credit risks is based on a risk assessment through an internal rating process, in depth pre-financing The following tables present an analysis of each class of loans not carried at fair value using Nomura’s internal ratings or equivalent credit quality indicators applied by subsidiaries by years of origination as of March 31, 2021 and 2022. Millions of yen March 31, 2021 2021 2020 2019 2018 2017 2016 or earlier Revolving Total Secured loans at banks: AAA-BBB ¥ 54,179 ¥ 115,003 ¥ 17,106 ¥ 12,450 ¥ 4,240 ¥ 17,634 ¥ — ¥ 220,612 BB-CCC 75,680 115,131 3,864 2,324 — 5,484 — 202,483 CC-D — — — — — — — — Others (1) — 61,185 — — — — — 61,185 Total secured loans at banks ¥ 129,859 ¥ 291,319 ¥ 20,970 ¥ 14,774 ¥ 4,240 ¥ 23,118 ¥ — ¥ 484,280 Unsecured loans at banks: AAA-BBB ¥ 9,101 ¥ 22,955 ¥ 27,863 ¥ 17,563 ¥ 8,484 ¥ 34,719 ¥ — ¥ 120,685 BB-CCC — — 235 — — — — 235 CC-D — — — — — — — — Others — — — — — — — — Total unsecured loans at banks ¥ 9,101 ¥ 22,955 ¥ 28,098 ¥ 17,563 ¥ 8,484 ¥ 34,719 ¥ — ¥ 120,920 Short-term secured margin loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC — — — — — — — — CC-D — — — — — — — — Others (1) 170,514 141 — — — — 265,566 436,221 Total short-term secured margin loans ¥ 170,514 ¥ 141 ¥ — ¥ — ¥ — ¥ — ¥ 265,566 ¥ 436,221 Unsecured inter-bank money market loans: AAA-BBB ¥ 1,289 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,289 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total unsecured inter-bank money market loans ¥ 1,289 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,289 Secured corporate loans: AAA-BBB ¥ 33,965 ¥ 261,182 ¥ 45,880 ¥ 9,817 ¥ 6,406 ¥ 27,672 ¥ 97 ¥ 385,019 BB-CCC 20,093 102,941 34,435 29,869 13,067 17,573 173,178 391,156 CC-D (2) 197,859 — — — — — — 197,859 Others (1) — 39 40 11 30 4,697 428 5,245 Total secured corporate loans ¥ 251,917 ¥ 364,162 ¥ 80,355 ¥ 39,697 ¥ 19,503 ¥ 49,942 ¥ 173,703 ¥ 979,279 Unsecured corporate loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC 84 — 450 — — — — 534 CC-D — — — — — — — — Others 1 191 8 97,212 — 5,014 — 102,426 Total unsecured corporate loans ¥ 85 ¥ 191 ¥ 458 ¥ 97,212 ¥ — ¥ 5,014 ¥ — ¥ 102,960 Advances to affiliated companies AAA-BBB ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total advances to affiliated companies ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 Total ¥ 563,765 ¥ 678,768 ¥ 129,881 ¥ 169,246 ¥ 32,227 ¥ 112,793 ¥ 439,269 ¥ 2,125,949 (1) Relate to collateralized exposures where a specified ratio of LTV is maintained. (2) Includes loans of ¥197,859 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” Millions of yen March 31, 2022 2022 2021 2020 2019 2018 2017 or earlier Revolving Total Secured loans at banks: AAA-BBB ¥ 106,554 ¥ 126,834 ¥ 8,325 ¥ 17,308 ¥ 9,213 ¥ 12,729 ¥ — ¥ 280,963 BB-CCC 80,167 169,655 1,693 638 587 6,779 — 259,519 CC-D — — — — — — — — Others (1) — 82,304 — — — — — 82,304 Total secured loans at banks ¥ 186,721 ¥ 378,793 ¥ 10,018 ¥ 17,946 ¥ 9,800 ¥ 19,508 ¥ — ¥ 622,786 Unsecured loans at banks: AAA-BBB ¥ 6,000 ¥ 18,175 ¥ 12,703 ¥ 20,565 ¥ 9,982 ¥ 25,841 ¥ — ¥ 93,266 BB-CCC — — — — — — — — CC-D — — — 1,940 — — — 1,940 Others — — — — — — — — Total unsecured loans at banks ¥ 6,000 ¥ 18,175 ¥ 12,703 ¥ 22,505 ¥ 9,982 ¥ 25,841 ¥ — ¥ 95,206 Short-term secured margin loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC — — — — — — — — CC-D — — — — — — — — Others (1) 169,195 23,238 — — — — 250,167 442,600 Total short-term secured margin loans ¥ 169,195 ¥ 23,238 ¥ — ¥ — ¥ — ¥ — ¥ 250,167 ¥ 442,600 Unsecured inter-bank money market loans: AAA-BBB ¥ 2,196 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 2,196 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total unsecured inter-bank money market loans ¥ 2,196 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 2,196 Secured corporate loans: AAA-BBB ¥ — ¥ 52,545 ¥ 86,910 ¥ 20,710 ¥ 3,258 ¥ 52,496 ¥ 9,916 ¥ 225,835 BB-CCC 86,300 307,636 14,718 131,266 115,494 30,085 92,039 777,538 CC-D (2) — 57,524 — — — — — 57,524 Others (1) 455 20 25 26 10 101 96 733 Total secured corporate loans ¥ 86,755 ¥ 417,725 ¥ 101,653 ¥ 152,002 ¥ 118,762 ¥ 82,682 ¥ 102,051 ¥ 1,061,630 Unsecured corporate loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC 11,621 20,516 — 1,989 — — — 34,126 CC-D — — — — — — — — Others — 438 191 — 109,959 5 — 110,593 Total unsecured corporate loans ¥ 11,621 ¥ 20,954 ¥ 191 ¥ 1,989 ¥ 109,959 ¥ 5 ¥ — ¥ 144,719 Advances to affiliated companies AAA-BBB ¥ — ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total advances to affiliated companies ¥ — ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 Total ¥ 462,488 ¥ 859,885 ¥ 124,565 ¥ 194,442 ¥ 248,503 ¥ 128,036 ¥ 352,218 ¥ 2,370,137 (1) Relate to collateralized exposures where a specified ratio of LTV is maintained. (2) Includes loans of ¥57,524 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” The following table presents a definition of each of the internal ratings used in the Nomura Group. Rating Range Definition AAA Highest credit quality. An obligor or facility has extremely strong capacity to meet its financial commitments. ‘AAA range’ is the highest credit rating assigned by Nomura. Extremely low probability of default. AA Very high credit quality category. An obligor or facility has very strong capacity to meet its financial commitments. Very low probability of default but above that of ‘AAA range.’ A High credit quality category. An obligor or facility has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than those in higher-rated categories. Low probability of default but higher than that of ‘AA range.’ BBB Good credit quality category. An obligor or facility has adequate capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to meet its financial commitments. Medium probability of default but higher than that of ‘A range.’ BB Speculative credit quality category. An obligor or facility is less vulnerable in the near term than other lower-ratings. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions which could lead to the inadequate capacity to meet its financial commitments. Medium to high probability of default but higher than that of ‘BBB range.’ B Highly speculative credit quality category. An obligor or facility is more vulnerable than those rated ‘BB range’, but the obligor currently has the capacity to meet its financial commitments. Adverse business, financial, or economic conditions will likely impair the issuer’s or obligor’s capacity or willingness to meet its financial commitments. High probability of default—more than that of ‘BB range.’ CCC Substantial credit risk. An obligor or facility is currently vulnerable, and is dependent upon favorable business, financial, and economic conditions to meet its financial commitments. Strong probability of default—more than that of ‘B range.’ CC Default category. An obligor or facility is currently highly vulnerable to nonpayment. C Default category. An obligor or facility is currently extremely vulnerable to nonpayment. D Failure of an obligor to make payments in full and on time of any financial obligations, markedly disadvantageous modification to a contractual term compared with the existing obligation, bankruptcy filings, administration, receivership, liquidation or other winding-up Nomura reviews internal ratings at least once a year by using available credit information of obligors including financial statements and other information. Internal ratings are also reviewed more frequently for high-risk |
Leases
Leases | 12 Months Ended |
Mar. 31, 2022 | |
Leases [Abstract] | |
Leases | 8. Leases: Nomura as lessor Nomura leases office buildings and aircrafts in Japan and overseas either as head lessor or through subleases. These leases and subleases are primarily classified as operating leases. The related assets are stated at cost, net of accumulated depreciation, except for land, which is stated at cost in the consolidated balance sheets and reported within Other assets-Office buildings, land, equipment and facilities. The following table presents the types of assets which Nomura leases under operating leases: Millions of yen March 31 2021 2022 Cost Accumulated depreciation Net carrying amount Cost Accumulated depreciation Net carrying amount Real estate (1) ¥ 354 ¥ (288 ) ¥ 66 ¥ 354 ¥ (292 ) ¥ 62 Aircraft 39,736 (1,382 ) 38,354 10,373 (688 ) 9,685 Total ¥ 40,090 ¥ (1,670 ) ¥ 38,420 ¥ 10,727 ¥ (980 ) ¥ 9,747 (1) Cost, accumulated depreciation and net carrying amounts include amounts relating to real estate utilized by Nomura. Nomura recognized lease income of ¥2,732 million, ¥1,878 million and ¥3,653 million for the years ended March 31, 2020, 2021 and 2022, respectively. These are included in the consolidated statements of income within Revenue —Other The following table presents an analysis of future undiscounted lease payments receivable in connection with noncancellable operating leases entered into by Nomura as lessor over the remaining lease term as of March 31, 2022. Amounts in connection with finance leases were not significant. Millions of yen March 31, 2022 Minimum lease payments to be received Years of receipt Less than 1 year ¥ 1,013 1 to 2 years 986 2 to 3 years 986 3 to 4 years 986 4 to 5 years 986 More than 5 years 4,883 Total ¥ 9,840 Nomura as lessee Nomura enters into leases of office space, residential facilities for employees, motor vehicles, equipment and technology assets in the ordinary course of business in both Japan and overseas as lessee. These arrangements predominantly consist of operating leases. Separately Nomura subleases certain real estate and equipment through operating lease arrangements. The total carrying values of right-of-use Other assets-Office buildings, land, equipment and facilities The following table presents income and expense amounts recognized through the consolidated statements of income for leases where Nomura is acting as lessee for the year ended March 31, 2020, 2021 and 2022. Amounts recognized in the consolidated statements of income in respect of finance lease cost, short-term lease cost, variable lease cost and net gains (losses) on qualifying sale and leaseback transactions were not significant during the years ended March 31, 2020, 2021 and 2022. Millions of yen Year ended March 31 2020 2021 2022 Lease expense: Operating lease costs ¥ 48,475 ¥ 49,168 ¥ 47,643 Other income and expenses: Gross sublease income (1) ¥ 5,377 ¥ 4,638 ¥ 3,464 (1) Gross sublease income represents income from subleases separate from lease payments made by Nomura on the head lease as lessee. Lease cash flow information Lease payments made in cash in connection with operating leases are classified as operating activity in the consolidated statements of cash flows. The initial recognition of ROU assets and lease liabilities on lease commencement date represents noncash transactions. The following table presents cash payments made by Nomura as lessee which meet the definition of lease payments and therefore have been included in the measurement of operating lease liabilities recorded under operating cash flows and the total amount of ROU assets and lease liabilities recognized during the years ended March 31, 2020, 2021 and 2022. Millions of yen Year ended March 31 2020 2021 2022 Operating cash flows for operating leases ¥ 47,212 ¥ 47,584 ¥ 46,565 ROU assets recognized in connection with new operating leases ¥ 18,026 ¥ 41,279 ¥ 32,208 Maturity analysis of lease liabilities The following table presents an analysis of future undiscounted lease payments under operating leases entered into by Nomura as lessee over the remaining lease term as of March 31, 2022 and also represents a reconciliation between total of such lease payments and the discounted carrying value of operating lease liabilities recognized in the consolidated balance sheets as of March 31, 2022. Finance lease liabilities were not significant as of March 31, 2022. These lease liabilities are reported within Other liabilities Millions of yen March 31, 2022 Operating leases Years of payment Less than 1 year ¥ 44,493 1 to 2 years 32,034 2 to 3 years 25,850 3 to 4 years 23,507 4 to 5 years 19,254 More than 5 years 63,902 Total undiscounted lease payments ¥ 209,040 Less: Impact of discounting (10,909 ) Lease liabilities ¥ 198,131 The following table presents the weighted-average discount rate used to measure lease liabilities and the weighted-average remaining lease term of operating leases as of March 31, 2021 and 2022. Year ended March 31 2021 2022 Operating leases Operating leases Weighted-average discount rate used to measure lease liabilities 1.4% 1.4% Weighted-average remaining lease term 7.6 years 7.2 years |
Business Combinations
Business Combinations | 12 Months Ended |
Mar. 31, 2022 | |
Business Combinations [Abstract] | |
Business Combinations | 9. Business combinations: On April 1, 2020, Nomura acquired 100% of Greentech Capital, LLC (“Greentech”), a leading M&A advisory boutique in sustainable technology and infrastructure in the United States. The acquisition of Greentech comprises an initial cash payment and additional contingent payments based on future performance of the company. The transaction has been accounted for as a business combination under ASC 805 “ Business combinations |
Other assets-Office buildings,
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities | 12 Months Ended |
Mar. 31, 2022 | |
Other assets Office buildings, land, equipment and facilities and Other Other liabilities [Abstract] | |
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities | 10. Other assets—Office buildings, land, equipment and facilities and Other / Other liabilities: Office buildings, land, equipment and facilities The following table presents a breakdown of owned and leased office buildings, land, equipment and facilities as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Land ¥ 39,233 ¥ 39,118 Office buildings 76,725 60,025 Equipment and facilities 59,614 31,895 Software 103,385 104,609 Construction in progress 407 7,978 Operating lease ROU asse 185,085 175,422 Total ¥ 464,449 ¥ 419,047 Depreciation and amortization charges of depreciable assets are reported within Non-interest Non-interest As of March 31, 2021, Nomura has classified buildings with a carrying value of ¥12,311 million as being held for sale and reported within Other assets—Office buildings, land, equipment and facilities in the consolidated balance sheet. Held-for-sale assets are carried at the lower of the carrying amount and fair value less cost to sell. During the year ended March 31, 2021, no gain or loss associated with the sale of held-for-sale assets was recognized through earnings. The sale was subsequently completed during the quarter ended June 30, 2021 with no material gain or loss recognized through earnings. Other assets—Other / Other liabilities The following table presents components of Other assets —Other Other liabilities Millions of yen March 31 2021 2022 Other assets — Securities received as collateral ¥ 399,975 ¥ 166,352 Goodwill and other intangible assets 29,040 30,007 Deferred tax assets net 30,433 15,562 Investments in equity securities for other than operating purposes (1) 270,246 249,448 Prepaid expenses 18,741 17,165 Other 300,997 295,052 Total ¥ 1,049,432 ¥ 773,586 Other liabilities: Obligation to return securities received as collateral ¥ 399,975 ¥ 166,352 Accrued income taxes 60,275 34,158 Other accrued expenses and provisions (2) 424,961 457,511 Other (3) 353,956 362,204 Total ¥ 1,239,167 ¥ 1,020,225 (1) Includes marketable and non-marketable million respectively, as of March 31, 2022. In principle, these securities are carried at fair value, with changes in fair value recognized and reported within Revenue—Other value million as of March 31, 2021 and 2022 respectively. (2) Includes a liability of million and ¥76,866 million as of March 31, 2021 and 2022 respectively, in respect of outstanding and unsettled investigations, lawsuits and other legal proceedings where loss is considered probable and the amount of such loss can be reasonably estimated. See Note 20 “Commitments, contingencies and guarantees” (3) Operating lease liabilities are presented through Other liabilities Leases Goodwill is recognized upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired. Subsequent to initial recognition, goodwill is not amortized but is tested for impairment during the fourth quarter of each fiscal year, or more often if events or circumstances, such as adverse changes in the business climate, indicate there may be impairment. Impairment testing of goodwill is inherently subjective and often requires management judgment to determine when to perform an impairment test, whether qualitatively the fair value of a reporting unit exceeds its carrying value and also to estimate the fair value of a reporting unit when a quantitative impairment test is required. An annual goodwill impairment test was performed in the quarter ended March 31, 2021 and 2022. Whilst determination of fair value of the reporting unit was more subjective because of the impact of the COVID-19 pandemic, the estimated fair value of the reporting unit is expected to exceed carrying value and therefore no impairment loss was recognized. The following table presents changes in goodwill, which are reported in the consolidated balance sheets within Other assets — Other Millions of yen Year ended March 31, 2021 Beginning of year Changes during year End of year Gross carrying amount Accumulated Impairment Net carrying amount Acquisition (2) Impairment Other (1) Gross carrying amount Accumulated Impairment Net amount Wholesale ¥ 92,814 ¥ (92,814 ) ¥ — ¥ 12,078 ¥ — ¥ 402 ¥ 105,294 ¥ (92,814 ) ¥ 12,480 Other 472 — 472 189 — 4 665 — 665 Total ¥ 93,286 ¥ (92,814 ) ¥ 472 ¥ 12,267 ¥ — ¥ 406 ¥ 105,959 ¥ (92,814 ) ¥ 13,145 Millions of yen Year ended March 31, 2022 Beginning of year Changes during year End of year Gross carrying amount Accumulated Impairment Net amount Acquisition Impairment Other (1) Gross carrying amount Accumulated Impairment Net amount Wholesale ¥ 105,294 ¥ (92,814 ) ¥ 12,480 ¥ — ¥ — ¥ 1,260 ¥ 106,554 ¥ (92,814 ) ¥ 13,740 Other 665 — 665 — — 2 667 — 667 Total ¥ 105,959 ¥ (92,814 ) ¥ 13,145 ¥ — ¥ — ¥ 1,262 ¥ 107,221 ¥ (92,814 ) ¥ 14,407 (1) Includes currency translation adjustments. (2) For the year ended March 31, 2021, Nomura recognized goodwill as a result of acquiring 100% of the ownership interests in Greentech Capital, LLC which has been allocated in its entirety to the Wholesale division for segmental reporting and reporting unit purposes. See Note 9 “ Business Combination During the fiscal year ended March 31, 2021 and 2022, management considered but determined the COVID-19 The following table presents finite-lived intangible assets by type as of March 31, 2021 and 2022. Millions of yen March 31, 2021 March 31, 2022 Gross carrying amount Accumulated amortization Net amount Gross carrying amount Accumulated amortization Net carrying amount Client relationships ¥ 64,357 ¥ (57,680 ) ¥ 6,677 ¥ 67,492 ¥ (61,715 ) ¥ 5,777 Other 1,842 (1,234 ) 608 2,000 (1,522 ) 478 Total ¥ 66,199 ¥ (58,914 ) ¥ 7,285 ¥ 69,492 ¥ (63,237 ) ¥ 6,255 Amortization expenses for the years ended March 31, 2020, 2021 and 2022 were ¥1,662 million, ¥2,296 million and ¥1,717 million, respectively. Estimated amortization expenses for the next five years are shown below. Millions of yen Year ending March 31 Estimated amortization expense 2023 ¥ 324 2024 200 2025 197 2026 113 2027 73 The amounts of indefinite-lived intangibles, which primarily includes trademarks, were ¥8,609 million and ¥9,345 million as of March 31, 2021 and 2022, respectively. An annual impairment test was performed in the quarter ended March 31, 2021 and 2022 against these intangibles. Whilst determination of fair value of these intangibles was more subjective because of the impact of the COVID-19 Nomura recognizes an obligation related to restoration of the existing rental buildings at the time of leaving, as Asset Retirement Obligations (“ARO”) on real estate leasehold contracts. The following table presents changes in ARO, which are reported in the consolidated balance sheets within Other liabilities—Other Millions of yen March 31 2021 2022 Balance at beginning of year ¥ 6,625 ¥ 14,485 Liabilities incurred during the current period 1,846 319 Liabilities settled during the current period (97 ) (564 ) Revision in estimated cash flows (1) 6,111 — Balance at end of period ¥ 14,485 ¥ 14,240 (1) During the fiscal year ended March 31, 2021, as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project, the estimate of future cash flows for the ARO associated with our properties has been changed. |
Borrowings
Borrowings | 12 Months Ended |
Mar. 31, 2022 | |
Borrowings [Abstract] | |
Borrowings | 11. Borrowings: The following table presents short-term and long-term borrowings of Nomura as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Short-term borrowings (1) Commercial paper ¥ 460,014 ¥ 131,915 Bank borrowings 294,052 205,857 Other 614,032 712,369 Total ¥ 1,368,098 ¥ 1,050,141 Long-term borrowings: Long-term borrowings from banks and other financial institutions (2) ¥ 2,878,676 ¥ 3,196,144 Bonds and notes issued (3) Fixed-rate obligations: Japanese yen denominated 583,148 765,412 Non-Japanese 1,917,166 2,486,305 Floating-rate obligations: Japanese yen denominated 876,844 917,362 Non-Japanese 327,595 329,876 Index / Equity-linked obligations: Japanese yen denominated 906,332 942,585 Non-Japanese 361,916 350,672 4,973,001 5,792,212 Subtotal 7,851,677 8,988,356 Trading balances of secured borrowings 123,335 269,950 Total ¥ 7,975,012 ¥ 9,258,306 (1) Includes secured borrowings of ¥55,569 million as of March 31, 2021 and ¥92,580 million as of March 31, 2022. (2) Includes secured borrowings of ¥118,106 million as of March 31, 2021 and ¥79,843 million as of March 31, 2022. (3) Includes secured borrowings of ¥788,618 million as of March 31, 2021 and ¥761,620 million as of March 31, 2022. Trading balances of secured borrowings These are liabilities recognized when a transfer of a financial asset does not meet the criteria for sales accounting under ASC 860 and therefore the transaction is accounted for as a secured borrowing. These borrowings are part of Nomura’s trading activities intended to generate profits from the distribution of financial products secured by those financial assets. Long-term borrowings consisted of the following: Millions of yen March 31 2021 2022 Debt issued by the Company ¥ 3,003,810 ¥ 3,679,955 Debt issued by subsidiaries—guaranteed by the Company 2,398,932 2,124,904 Debt issued by subsidiaries—not guaranteed by the Company (1) 2,572,270 3,453,447 Total ¥ 7,975,012 ¥ 9,258,306 (1) Includes trading balances of secured borrowings. As of March 31, 2021, fixed-rate long-term borrowings mature between 2021 and 2067 at interest rates ranging from 0.00% to 24.40%. Excluding perpetual subordinated debts, floating-rate obligations, which are generally based on LIBOR, mature between 2021 and 2051 at interest rates ranging from 0.00% to 8.01%. Index / Equity-linked obligations mature between 2021 and 2051 at interest rates ranging from 0.00% to 43.80% As of March 31, 2022, fixed-rate long-term borrowings mature between 2022 and 2067 at interest rates ranging from 0.00% to 30.09%. Excluding perpetual subordinated debts, floating-rate obligations, which are generally based on T and LIBOR Certain borrowing agreements contain provisions whereby the borrowings are redeemable at the option of the borrower at specified dates prior to maturity and include various equity-linked or other index-linked instruments. Nomura enters into swap agreements to manage its exposure to interest rates and foreign exchange rates. Principally, debt securities and notes issued are effectively converted to Tokyo OverNight Average rate and Secured Overnight Financing Rate-based floating rate obligations through such swap agreements. The carrying value of the long-term borrowings includes adjustments to reflect fair value hedges. Following table presents the effective weighted-average interest rates of borrowings, including the effect of fair value hedges as of March 31, 2021 and 2022. March 31 2021 2022 Short-term borrowings 0.58 % 1.26 % Long-term borrowings 0.82 % 1.09 % Fixed-rate obligations 0.96 % 1.25 % Floating-rate obligations 0.88 % 1.04 % Index / Equity-linked obligations 0.30 % 0.79 % Maturities of long-term borrowings The following table presents the aggregate annual maturities of long-term borrowings, including adjustments related to fair value hedges and liabilities measured at fair value, as of March 31, 2022: Year ending March 31 Millions of yen 2023 ¥ 456,663 2024 904,738 2025 1,180,692 2026 1,402,216 2027 870,856 2028 and thereafter 4,173,191 Subtotal 8,988,356 Trading balances of secured borrowings 269,950 Total ¥ 9,258,306 Borrowing facilities As of March 31, 2021 and 2022, Nomura had unutilized borrowing facilities of ¥nil and ¥nil, respectively. Subordinated borrowings As of March 31, 2021 and 2022, subordinated borrowings were ¥354,500 million and ¥414,500 million, respectively. |
Earnings per share
Earnings per share | 12 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings per share | 12. Earnings per share: Basic and diluted earnings per share (“EPS”) are presented on the face of the consolidated statements of income. Basic EPS is calculated by dividing net income attributable to NHI shareholders by the weighted average number of the Company’s common shares outstanding during the year. The calculation of diluted EPS is similar to basic EPS, except that the weighted average number of the Company’s common shares is adjusted to reflect all dilutive instruments where the Company’s common shares are potentially deliverable during the year. In addition, net income attributable to NHI shareholders is adjusted for any change in income or loss that would result from the assumed conversion of dilutive instruments issued by subsidiaries and affiliates. The following table presents a reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) for the years ended March 31, 2020, 2021 and 2022. Millions of yen except per share data presented in yen Year ended March 31 2020 2021 2022 Basic— Net income attributable to NHI shareholders ¥ 216,998 ¥ 153,116 ¥ 142,996 Weighted average number of shares outstanding 3,202,369,845 3,055,525,640 3,063,524,091 Net income attributable to NHI shareholders per share ¥ 67.76 ¥ 50.11 ¥ 46.68 Diluted— Net income attributable to NHI shareholders ¥ 216,890 ¥ 153,064 ¥ 142,861 Weighted average number of shares outstanding 3,276,510,404 3,147,338,609 3,158,708,013 Net income attributable to NHI shareholders per share ¥ 66.20 ¥ 48.63 ¥ 45.23 Net income attributable to NHI shareholders was adjusted to reflect the decline in Nomura’s equity share of earnings of subsidiaries and affiliates for the years ended March 31, 2020, 2021 and 2022 arising from options to purchase common shares issued by subsidiaries and affiliates. The weighted average number of shares used in the calculation of diluted EPS reflects the increase in potential issuance of the Company’s common shares arising from stock-based compensation plans by the Company and affiliates, which would have minimal impact on EPS for the years ended March 31, 2020, 2021 and 2022. Antidilutive stock options and other stock-based compensation plans to purchase 15,452,900, 12,398,500 and 9,716,800 of the Company’s common shares were not included in the computation of diluted EPS for the years ended March 31, 2020, 2021 and 2022, respectively. Subsequent Events On May 19, 2022, the Company adopted a resolution to grant Restricted Stock Units (“RSUs”). See Note 14 “ Deferred compensation awards On April 26, 2022, the Company adopted a resolution to set up a share buyback program. See Note 17 “ Shareholders’ equity |
Employee benefit plans
Employee benefit plans | 12 Months Ended |
Mar. 31, 2022 | |
Employee Benefit Plans [Abstract] | |
Employee benefit plans | 13. Employee benefit plans: Nomura provides various pension plans and other post-retirement benefits which cover certain eligible employees worldwide. In addition, Nomura provides health care benefits to certain active and retired employees through its Nomura Securities Health Insurance Society (“NSHIS”). Defined benefit pension plans— The Company and certain subsidiaries in Japan (“Japanese entities”) have contributory funded benefit pension plans for eligible employees. The benefits are paid as annuity payments subsequent to retirement or as lump-sum lump-sum lump-sum lump-sum In April 2020, certain Japanese entities amended their pension plans. Certain defined benefit pension plans and unfunded lump-sum Certain overseas subsidiaries have various local defined benefit plans covering certain employees. Nomura recognized an asset for surplus pension benefits for these plans amounting to ¥8,912 million and ¥7,911 million as of March 31, 2021 and 2022, respectively. Net periodic benefit cost The following table presents the components of net periodic benefit cost for defined benefit plans of Japanese entities for the years ended March 31, 2020, 2021 and 2022. Nomura’s measurement date is March 31 for defined benefit plans of Japanese entities. Millions of yen Year ended March 31 2020 2021 2022 Service cost ¥ 12,079 ¥ 6,721 ¥ 6,452 Interest cost 1,766 1,786 2,042 Expected return on plan assets (6,038 ) (5,826 ) (6,055 ) Amortization of net actuarial losses 5,654 5,519 3,955 Amortization of prior service cost (1,137 ) (1,521 ) (1,599 ) Net periodic benefit cost ¥ 12,324 ¥ 6,679 ¥ 4,795 Prior service cost is amortized on a straight-line basis over the average remaining service period of active participants. Gains and losses in excess of 10% of the greater of the projected benefit obligation or the fair value of plan assets are amortized over the average remaining service period of active participants, which is 14 years. Benefit obligations and funded status The following table presents a reconciliation of changes in projected benefit obligation (“PBO”) and the fair value of plan assets, as well as a summary of the funded status of Japanese entities’ plans as of, and for the years ended March 31, 2021 and 2022. Millions of yen As of or for the 2021 2022 Change in projected benefit obligation: Projected benefit obligation at beginning of year ¥ 303,523 ¥ 295,810 Service cost 6,721 6,452 Interest cost 1,786 2,042 Actuarial gain (3,593 ) 1,433 Benefits paid (12,656 ) (12,683 ) Acquisition, divestitures and other 29 (15 ) Projected benefit obligation at end of year ¥ 295,810 ¥ 293,039 Change in plan assets: Fair value of plan assets at beginning of year ¥ 225,744 ¥ 234,747 Actual return on plan assets 19,126 5,464 Employer contributions 825 815 Benefits paid (10,948 ) (9,565 ) Fair value of plan assets at end of year ¥ 234,747 ¥ 231,461 Funded status at end of year (61,063 ) (61,578 ) Amounts recognized in the consolidated balance sheets ¥ (61,063 ) ¥ (61,578 ) The accumulated benefit obligation (“ABO”) was ¥295,810 million and ¥293,039 million as of March 31, 2021 and 2022, respectively. In April 2020, defined contribution pension plans and cash balance pension plans were adopted for future contributions following the amendments of pension benefit plans. Certain contributory defined benefit pension plans were closed for additional funding and will be managed within the accumulated funds. Unfunded lump-sum lump-sum The following table presents the PBO, ABO and fair value of plan assets for Japanese entities’ plans with ABO and PBO in excess of plan assets as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Plans with ABO in excess of plan assets: PBO ¥ 61,063 ¥ 62,457 ABO 61,063 62,457 Fair value of plan assets — — Plans with PBO in excess of plan assets: PBO ¥ 61,063 ¥ 62,457 ABO 61,063 62,457 Fair value of plan assets — — The following table presents pre-tax Accumulated other comprehensive income (loss) Millions of yen For the year ended March 31, 2022 Net actuarial loss ¥ 82,734 Net prior service cost (8,114 ) Total ¥ 74,620 Pre-tax Millions of yen For the year ending March 31, 2023 Net actuarial loss ¥ 3,818 Net prior service cost (1,665 ) Total ¥ 2,153 Assumptions The following table presents the weighted-average assumptions used to determine projected benefit obligations of Japanese entities’ plans as of March 31, 2021 and 2022. March 31 2021 2022 Discount rate 0.7 % 0.8 % Rate of increase in compensation levels 0.3 % 0.3 % Interest crediting rate 2.9 % 2.9 % The following table presents the weighted-average assumptions used to determine the net periodic benefit cost of Japanese entities’ plans as of March 31, 2020, 2021 and 2022. Year ended March 31 2020 2021 2022 Discount rate 0.6 % 0.6 % 0.7 % Rate of increase in compensation levels 1.6 % 0.3 % 0.3 % Expected long-term rate of return on plan assets 2.6 % 2.6 % 2.6 % Interest crediting rate 3.3 % 3.0 % 2.9 % Nomura generally determines the discount rates for its defined benefit plans by referencing indices for long-term, high-quality debt securities and ensuring that the discount rate does not exceed the yield reported for those indices after adjustment for the duration of the plans’ liabilities. Nomura uses the expected long-term rate of return on plan assets to compute the expected return on assets. Nomura’s approach in determining the long-term rate of return on plan assets is primarily based on historical financial market relationships that have existed over time with the presumption that this trend will generally remain constant in the future. Plan assets Plan assets are managed with an objective to generate sufficient long-term value in order to enable future pension payouts. While targeting a long-term rate of return on plan assets, Nomura aims to minimize short-term volatility by managing the portfolio through diversifying risk. Based on this portfolio policy, the plan assets are invested diversely. The plan assets of domestic plans target to invest 15 % % % % For details of the levels of inputs used to measure the fair value of plan assets, see Note 2 “ Fair value measurements. The following tables present information about the fair value of plan assets of Japanese entities’ plans as of March 31, 2021 and 2022 within the fair value hierarchy. Millions of yen March 31, 2021 Level 1 Level 2 Level 3 Balance as of March 31, Pension plan assets: Private equity and pooled investments (1) ¥ — ¥ 614 ¥ 33,384 ¥ 33,998 Japanese government securities 21,047 — — 21,047 Investment trust funds and other (2)(3) — 24,581 36,335 60,916 Life insurance company general accounts — 72,106 — 72,106 Other assets — 35,857 — 35,857 Total ¥ 21,047 ¥ 133,158 ¥ 69,719 ¥ 223,924 Millions of yen March 31, 2022 Level 1 Level 2 Level 3 Balance as of March 31, Pension plan assets: Private equity and pooled investments (1) ¥ — ¥ 740 ¥ 29,081 ¥ 29,821 Japanese government securities 20,469 — — 20,469 Investment trust funds and other (2)(3) — 19,842 27,575 47,417 Life insurance company general accounts — 73,314 — 73,314 Other assets — 33,575 — 33,575 Total ¥ 20,469 ¥ 127,471 ¥ 56,656 ¥ 204,596 (1) Includes corporate type equity investments. (2) Includes p rimar i (3) Certain assets that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and 2022, the fair values of these assets were ¥10,823 million and ¥26,865 million, respectively. The fair value of plan assets of non-Japanese non-Japanese See Note 2 “ Fair value measurements The following tables present information about plan assets of Japanese entities’ plans for which Nomura has utilized significant Level 3 valuation inputs to estimate fair value. Millions of yen Year ended March 31, 2021 Balance as of April 1, 2020 Unrealized and realized gains / (loss) Purchases / sales and other settlement Balance as of March 31, 2021 Private equity and pooled investments ¥ 23,465 ¥ 11,225 ¥ (1,306 ) ¥ 33,384 Investment trust funds and other 41,616 2,925 (8,206 ) 36,335 Total ¥ 65,081 ¥ 14,150 ¥ (9,512 ) ¥ 69,719 Millions of yen Year ended March 31, 2022 Balance as of April 1, 2021 Unrealized and realized gains / (loss) Purchases / sales and other settlement Balance as of March 31, 2022 Private equity and pooled investments ¥ 33,384 ¥ 1,374 ¥ (5,677 ) ¥ 29,081 Investment trust funds and other 36,335 (532 ) (8,228 ) 27,575 Total ¥ 69,719 ¥ 842 ¥ (13,905 ) ¥ 56,656 The fair value of Level 3 plan assets of non-Japanese entities’ plans, mainly consisting of annuities, was ¥ million and ¥ million as of March 31, 2021 and 2022, respectively. The amount of unrealized profit (loss) of Level 3 assets was ¥ million and ¥ million as of March 31, 2021 and 2022, respectively. The amounts of gains and losses, purchases and sales other than above, transfers between Level 1 or Level 2 and Level 3 relating to these assets during the years ended March 31, 2021 and 2022 were not significant. Cash Flows Following the amendments of pension benefit plans in Japanese entities, certain contributory funded benefit pension plans were closed for additional funding and will be managed within the accumulated funds. The following table presents the expected benefit payments of Japanese entities’ plans during the next five fiscal years and in aggregate for the five fiscal years thereafter. Year ending March 31 Millions of yen 2023 ¥ 14,517 2024 14,394 2025 15,159 2026 14,528 2027 13,993 2028-2032 62,226 Defined contribution pension plans— In addition to defined benefit pension plans, the Company, NSC and other Japanese and non-Japanese Nomura contributed ¥3,585 million, ¥6,478 million and ¥6,709 million to defined contribution pension plans for Japanese entities’ plans for the years ended March 31, 2020, 2021 and 2022, respectively. The contributions to overseas defined contribution pension plans were ¥8,497 million, ¥8,035 million and ¥9,215 million for the years ended March 31, 2020, 2021 and 2022, respectively. Health care benefits— The Company and certain subsidiaries provide certain health care benefits to both active and retired employees through NSHIS. The Company and certain subsidiaries also sponsor certain health care benefits to retired employees (“Special Plan”) and who participate in the Special Plan on a pay-all Special Plan is a multi-employer post-retirement plan because it is jointly administered by NSHIS and the Japanese government, and the funded status of it is not computed separately. Therefore, although the Company and certain subsidiaries contribute some portion of the cost of retiree health care benefits not covered through retiree contributions, the Company and certain subsidiaries do not reserve for future costs. The health care benefit costs, which are equivalent to the required contribution, amounted to ¥9,308 million, ¥9,463 million and ¥10,035 million for the years ended March 31, 2020, 2021 and 2022, respectively. |
Deferred compensation awards
Deferred compensation awards | 12 Months Ended |
Mar. 31, 2022 | |
Deferred Compensation Awards [Abstract] | |
Deferred compensation awards | 14. Deferred compensation awards: Nomura issues deferred compensation awards to senior management and employees, which are linked to the price of the Company’s common stock, in order to retain and motivate key staff. These stock-based compensation awards comprise Restricted Stock Unit (“RSU”) awards, Plan A and Plan B Stock Acquisition Right (“SAR”) awards, Notional Stock Unit (“NSU”) awards, and Collared Notional Stock Unit (“CSU”) awards. SAR Plan A awards are awards of stock options while RSU awards, SAR Plan B awards, NSU awards and CSU awards are analogous to awards of restricted common stock. Certain deferred compensation awards include “Full Career Retirement” (“FCR”) provisions which permit recipients of the awards to continue to vest in the awards upon voluntary termination of employment if certain criteria based on corporate title and length of service within Nomura are met. The requisite service period for these awards ends on the earlier of the contractual vesting date and the date that the recipients become eligible for or claim FCR. Unless indicated below, deferred compensation awards are generally reduced, forfeited or clawed back in the event of termination of employment, material restatements of financial statements, material conduct issues, material damage to Nomura’s business or reputation, material downturns in the performance of the Nomura group and/or a material failure of risk management. RSU awards The Company introduced RSU awards in the fiscal year ended March 31, 2018, and granted the first RSU awards in May 2018. For each RSU award, one common stock of the Company is delivered. The awards generally have a graded vesting period over three years with an extending vesting period of up to seven years for certain senior management and employees in order to meet local regulatory requirements based on the role they perform within Nomura. The grant date fair value per award is determined using the price of the Company’s common stock. The following table presents activity relating to RSU awards for the year ended March 31, 2022. Outstanding (number of Nomura shares) Weighted-average grant date fair value per share Weighted-average remaining life until expiry (years) Outstanding as of March 31, 2021 115,287,730 ¥ 427 1.0 Granted 64,439,400 507 Forfeited (9,223,711 ) 468 Delivered (48,384,029 ) 427 Outstanding as of March 31, 2022 122,119,390 ¥ 466 1.0 The weighted-average grant date fair value per award for the year ended March 31, 2021 and 2022 was ¥418 and ¥507, respectively. The total intrinsic value of RSU awards vested during the year ended March 31, 2022 was ¥28,076 million. The total of 29,972,792 shares was delivered during the year ended March 31, 2022 and its intrinsic value was ¥28,704 million. The aggregate intrinsic value of RSU awards outstanding as of March 31, 2022 was ¥62,916 million. As of March , , total unrecognized compensation cost relating to RSU awards was ¥ million which is expected to be recognized over a weighted average period of years. SAR Plan B awards The Company issues SAR Plan B awards linked to the price of the Company’s common stock pursuant to several stock unit plans. These awards vest and are exercisable into the Company’s common stock, have an exercise price of ¥1 per share and graded vesting generally over three years with certain longer vesting or holding periods where required under local regulations. The grant date fair value of SAR Plan B awards is determined using the price of the Company’s common stock. The following table presents activity relating to SAR Plan B awards for the year ended March 31, 2022. No new SAR Plan B awards have been granted since April 1, 2018. Outstanding (number of Nomura shares) Weighted-average grant date fair value per share Weighted-average remaining life until expiry (years) Outstanding as of March 31, 2021 12,967,100 ¥ 509 2.7 Granted — — Exercised (3,697,000 ) 535 Forfeited — — Expired (1,356,300 ) 397 Outstanding as of March 31, 2022 7,913,800 ¥ 516 2.3 Exercisable as of March 31, 2022 6,831,500 ¥ 526 1.8 The total intrinsic value of SAR Plan B awards exercised during the years ended March 31, 2020, 2021 and 2022 was ¥7,640 million, ¥4,878 million and ¥2,547 million, respectively. The aggregate intrinsic value of SAR Plan B awards outstanding and exercisable as of March 31, 2022 was ¥4,069 million and ¥3,513 million, respectively. As of March 31, 2022, total unrecognized compensation cost relating to SAR Plan B awards was ¥1 million which is expected to be recognized over a weighted average period of 1.7 years. The total fair value of SAR Plan B awards which vested during the years ended March 31, 2020, 2021 and 2022 was ¥4,309 million, ¥1,784 million and ¥467 million, respectively. Total Non-interest — Compensation and benefits Cash received from the exercise of SAR awards during the year ended March 31, 2022 was ¥11 million and the tax benefit realized from exercise of these awards was ¥206 million. Total related tax benefits recognized in the consolidated statements of income relating to RSU and SAR awards for the years ended March 31, 2020, 2021 and 2022 were ¥13 million, ¥nil respectively. The “Earnings per share” NSU and CSU awards NSU and CSU awards are cash-settled awards linked to the price of the Company’s common stock. NSU awards replicate the key features of SAR Plan B awards described above but are settled in cash rather than exercisable into the Company’s common stock. CSU awards are similar to NSU awards but exposure to movements in the price of the Company’s common stock is subject to a cap and floor. Both types of award have graded vesting periods generally over three years with certain longer vesting periods where required by local regulations. The fair value of NSU and CSU awards are determined using the price of the Company’s common stock. The following table presents activity related to NSU and CSU awards for the year ended March 31, 2022. No new CSU awards have been granted since April 1, 2018. NSUs CSUs Outstanding (number of units) Stock price Outstanding (number of units) Stock price Outstanding as of March 31, 2021 19,951,962 ¥ 539 1,867,400 ¥ 636 Granted 11,528,713 575 (1) — — Vested (12,555,940 ) 577 (2) (929,732 ) 601 (2) Forfeited (926,410 ) (512 ) Outstanding as of March 31, 2022 17,998,325 ¥ 445 (3) 937,156 ¥ 606 (3) (1) Weighted-average price of the Company’s common stock used to determine number of awards granted. (2) Weighted-average price of the Company’s common stock used to determine the final cash settlement amount of the awards. (3) The price of the Company’s common stock used to remeasure the fair value of the remaining outstanding unvested awards as of March 31, 2022. Total compensation expense recognized within Non-interest — Compensation and benefits Total unrecognized compensation cost relating to NSU awards, based on the fair value of these awards as of March 31, 2022, was ¥280 million, which is expected to be recognized through the consolidated statements of Total unrecognized compensation cost relating to CSU awards, based on the fair value of these awards as of March 31, 2022, was ¥nil million . Total tax benefits recognized in the consolidated statements of income for compensation expense relating to NSU, and CSU awards for the years ended March , , and were ¥ million, ¥ million and ¥ million, respectively. Subsequent events On May 19, 2022, the Company passed a resolution to grant RSU awards to certain senior management and employees. Total of 100,057,000 RSU awards have been granted which generally have a graded vesting period from one On May 25, 2022, Nomura also granted NSU awards to senior management and employees in countries where RSU awards are less favorably treated from tax or other perspectives. These NSU awards have a total grant date fair value of ¥6 billion and vesting periods of up to seven years. |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2022 | |
Income Tax [Abstract] | |
Income taxes | 15. Income taxes: The following table presents components of Income tax expense Millions of yen Year ended March 31 2020 2021 2022 Current: Domestic ¥ 42,099 ¥ 73,534 ¥ 69,661 Foreign 10,706 17,853 7,323 Subtotal 52,805 91,387 76,984 Deferred: Domestic (23,512 ) (19,567 ) 1,561 Foreign (399 ) (1,546 ) 1,545 Subtotal (23,911 ) (21,113 ) 3,106 Total ¥ 28,894 ¥ 70,274 ¥ 80,090 The income tax benefit recognized from operating losses for the years ended March 31, 2020, 2021 and 2022 was ¥1,195 million, ¥97 million and ¥6,007 million, respectively, which is included within deferred income tax expense above. The Company and its wholly-owned domestic subsidiaries have adopted the consolidated tax filing system permitted under Japanese tax law. The consolidated tax filing system only imposes a national tax. The effective statutory tax rate applicable to Nomura in Japan was approximately 31% as of March 31, 2020, 2021 and 2022, respectively. On March 27, 2020, the “Act to partially revise the Income Tax Act and Others” (Act No.8 of 2020) was enacted, effective for fiscal years beginning on or after April 1, 2022. As a result of the Act, the existing Consolidated Taxation system in Japan will be replaced with the Group Tax Sharing system. The Company does not expect any significant impact on its net deferred tax liabilities on adoption of the Act. Foreign subsidiaries are subject to income taxes of the countries in which they operate. The relationship between income tax expense and pretax accounting income (loss) is affected by a number of items, including various tax credits, certain revenues not subject to income taxes, certain expenses not deductible for income tax purposes, changes in deferred tax valuation allowance and different enacted tax rates applicable to foreign subsidiaries. The following table presents a reconciliation of the effective income tax rate reflected in the consolidated statements of income to Nomura’s effective statutory tax rate for the years ended March 31, 2020, 2021 and 2022. The effective tax rate presented in the following table represents total income tax expense for the year as a percentage of Income (loss) before income taxes Year ended March 31 2020 2021 2022 Nomura’s effective statutory tax rate 31.0 % 31.0 % 31.0 % Impact of: Changes in deferred tax valuation allowances (3) (0.3 ) 8.7 18.0 Additional taxable income 0.6 0.7 1.0 Non-deductible 2.9 7.1 5.1 Non-taxable (1) (23.5 ) (4.5 ) (2.9 ) Dividends from foreign subsidiaries 0.1 0.0 0.0 Tax effect of undistributed earnings of foreign subsidiaries 0.2 0.0 0.1 Different tax rate applicable to income (loss) of foreign subsidiaries (0.9 ) (4.0 ) 0.0 Effect of changes in foreign tax laws (3) (0.9 ) 1.1 (14.4 ) Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates (2) (0.1 ) (8.7 ) 0.0 Other 2.5 (0.9 ) (2.6 ) Effective tax rate 11.6 % 30.5 % 35.3 % (1) Non-taxable non-taxable (2) Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates Changes in deferred tax valuation allowances (3) Finance Act 2021, enacted on June 10, to 25% on 1 , x 31, Effect of changes in foreign tax laws The tax-paying Millions of yen March 31 2021 2022 Deferred tax assets Depreciation, amortization and valuation of fixed assets ¥ 22,770 ¥ 30,441 Investments in subsidiaries and affiliates 20,220 21,390 Valuation of financial instruments 73,905 102,021 Accrued pension and severance costs 19,947 20,492 Other accrued expenses and provisions 60,280 79,061 Operating losses 353,326 370,481 Lease liabilities 52,251 49,060 Other 15,011 15,425 Gross deferred tax assets 617,710 688,371 Less — (428,014 ) (466,145 ) Total deferred tax assets 189,696 222,226 Deferred tax liabilities Investments in subsidiaries and affiliates 85,636 91,040 Valuation of financial instruments 40,807 85,301 Undistributed earnings of foreign subsidiaries 2,486 2,745 Valuation of fixed assets 23,521 23,962 Right-of-use 51,671 48,519 Other 5,546 7,044 Total deferred tax liabilities 209,667 258,611 Net deferred tax assets (liabilities) ¥ (19,971 ) ¥ (36,385 ) After offsetting deferred tax assets and liabilities which relate to the same tax-paying Other assets — Other Other liabilities As of March 31, 2022, no deferred tax liabilities have been recognized million which are not expected to be remitted in the foreseeable future. It is not practicable to determine the amount of income taxes payable in the event all The following table presents changes Millions of yen Year ended March 31 2020 2021 2022 Balance at beginning of year ¥ 444,916 ¥ 388,411 ¥ 428,014 Net change during the year (56,505 ) (1) 39,603 (2) 38,131 (3) Balance at end of year ¥ 388,411 ¥ 428,014 ¥ 466,145 (1) Primarily includes a reduction of ¥59,330 million of valuation allowances of certain foreign subsidiaries mainly by expiration of loss carryforwards, an increase of ¥11,462 million of valuation allowances mainly due to a decrease of valuation of financial instruments, and a reduction of ¥8,637 million related to Japanese subsidiaries and the Company mainly by utilization of loss carryforwards. In total, ¥56,505 million of allowances decreased for the year ended March 31, 2020. (2) Primarily includes an increase of ¥48,883 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in valuation allowances related to operating loss carryforwards, a reduction of ¥5,871 million of valuation allowances mainly due to an increase in valuation of financial instruments, and a reduction of ¥3,409 million of valuation allowances related to Japanese subsidiaries and the Company mainly due to an increase of valuation of financial instruments and a decrease of accrued pension and severance costs. In total, ¥39,603 million of allowances increased for the year ended March 31, 2021. (3) Primarily includes an increase of ¥51,706 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in operatin g loss carryforwards, and a reduction of million of valuation allowances related to Japanese subsidiaries and the Company mainly due to a decrease of operating loss carryforwards. In total, million of allowances increased for the year ended March 31, 2022. As of March 31, 2022, total operating loss carryforwards were ¥2,039,600 million, which included ¥545,946 million relating to the Company and domestic subsidiaries, ¥624,763 million relating to foreign subsidiaries in U.K., million relating to foreign subsidiaries in U.S., In determining the amount of valuation allowances to be established as of March 31, 2022, Nomura considered all available positive and negative evidence around the likelihood that sufficient future taxable income will be generated to realize the deferred tax assets in the relevant tax jurisdiction of the Company, its domestic subsidiaries and foreign subsidiaries. In Japan and other tax jurisdictions where domestic and foreign subsidiaries have experienced cumulative operating losses in recent years, these losses provided the most verifiable negative evidence available and outweigh positive evidence. While Nomura has considered certain future tax planning strategies as a potential source of future taxable income, no such strategies have been relied upon as positive evidence resulting in a reduction of valuation allowances in any major tax jurisdiction in which Nomura operates as of March 31, 2020, 2021 and 2022. In addition, valuation allowances have not been reduced in any of these periods as a result of changing the weighting applied to positive or negative evidence in any of the major tax jurisdictions in which Nomura operates. The determination of whether deferred tax assets will be realized, and therefore whether a valuation allowance is required, is inherently subjective and often requires management judgment around the future profitability of Nomura entities, an interpretation of tax rules by courts and regulatory authorities and tax examinations by taxing authorities, and the appropriate weighting of positive and negative evidence around the likelihood that sufficient future taxable income will be generated to realize deferred tax assets in the relevant tax jurisdiction. Although estimating future taxable income was increasingly subjective due to uncertainty in future profitability of Nomura as a result of the COVID-19 Nomura’s unrecognized tax benefits were ¥4,367 million and ¥35,774 million as of March 31, 2021 and 2022 respectively. Out of the balance as of March 31, 2022, Nomura operates in multiple tax jurisdictions, and faces audits from various taxing authorities regarding many issues including, but not limited to, transfer pricing, the deductibility of certain expenses, foreign tax credits and other matters. The table below presents information regarding the earliest year in which Nomura remains subject to examination in the major jurisdictions in which Nomura operates as of March 31, 2022. Under Hong Kong Special Administrative Region tax law, the statute of limitation does not apply if an entity incurs taxable losses and is therefore not included in the table. Jurisdiction Year Japan 2017 (1) United Kingdom 2016 United States 2019 (1) The earliest year in which Nomura remains subject to examination for transfer pricing issues is 2016. |
Other comprehensive income (los
Other comprehensive income (loss) | 12 Months Ended |
Mar. 31, 2022 | |
Accumulated Other Comprehensive Income (loss) | |
Other comprehensive income (loss) | 16. Other comprehensive income (loss): The following tables present changes in Accumulated other comprehensive income (loss) Millions of yen For the year ended March 31, 2021 Balance at beginning of year Other comprehensive income (loss) before reclassifications Reclassifications out of accumulated other comprehensive income (loss) Net change during the year Balance at end of year Cumulative translation adjustments ¥ (26,274 ) ¥ 47,673 ¥ (3,083 ) ¥ 44,590 ¥ 18,316 Pension liability adjustment (1) (62,571 ) 16,140 2,954 19,094 (43,477 ) Own credit adjustments (2) 62,740 (65,741 ) (9,982 ) (75,723 ) (12,983 ) Total ¥ (26,105 ) ¥ (1,928 ) ¥ (10,111 ) ¥ (12,039 ) ¥ (38,144 ) Millions of yen For the year ended March 31, 2022 Balance at beginning of year Other comprehensive income (loss) before reclassifications Reclassifications out of accumulated other comprehensive income (loss) Net change during the year Balance at end of year Cumulative translation adjustments ¥ 18,316 ¥ 118,574 ¥ 22 ¥ 118,596 ¥ 136,912 Pension liability adjustment (1) (43,477 ) (2,156 ) 1,830 (326 ) (43,803 ) Own credit adjustments (2) (12,983 ) 46,816 1,031 47,847 34,864 Total ¥ (38,144 ) ¥ 163,234 ¥ 2,883 ¥ 166,117 ¥ 127,973 (1) See Note 13 “ Employee benefit plans (2) See Note 2 “ Fair value measurements The following tables present significant reclassifications out of Accumulated other comprehensive income (loss) Millions of yen For the year ended March 31 2021 2022 Affected line items in consolidated statements of income Reclassifications out of accumulated other comprehensive income (loss) Reclassifications out of accumulated other comprehensive income (loss) Cumulative translation adjustments: ¥ 3,083 ¥ (21 ) Revenue — Non-interest — — (1 ) Income tax expense 3,083 (22 ) Net income (loss) — — Net income attributable to noncontrolling interests ¥ 3,083 ¥ (22 ) Net income (loss) attributable to NHI shareholders Millions of yen For the year ended March 31 2021 2022 Affected line items in consolidated statements of income Reclassifications out of accumulated other comprehensive income (loss) Reclassifications out of accumulated other comprehensive income (loss) Pension liability adjustment: ¥ (4,167 ) ¥ (2,585 ) Non-interest — Revenue — 1,213 755 Income tax expense (2,954 ) (1,830 ) Net income (loss) — — Net income attributable to noncontrolling interests ¥ (2,954 ) ¥ (1,830 ) Net income (loss) attributable to NHI shareholders Millions of yen For the year ended March 31 2021 2022 Affected line items in consolidated Reclassifications out of accumulated other comprehensive income (loss) Reclassifications out of accumulated other comprehensive income (loss) Own credit adjustments: ¥ 12,134 ¥ (1,161 ) Revenue — (2,152 ) 130 Income tax expense 9,982 (1,031 ) Net income (loss) — — Net income attributable to noncontrolling interests ¥ 9,982 ¥ (1,031 ) Net income (loss) attributable to NHI shareholders |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Mar. 31, 2022 | |
Stockholders' Equity [Abstract] | |
Shareholders' equity | 17. Shareholders’ equity: The following table presents changes in shares of the Company’s common stock outstanding for the years ended March 31, 2020, 2021 and 2022. Number of Shares Year ended March 31 2020 2021 2022 Common stock outstanding at beginning of year 3,310,800,799 3,038,587,493 3,063,155,434 Decrease of common stock by cancellation of treasury stock — (260,000,000 ) — Common stock held in treasury: Repurchases of common stock (299,381,781 ) (20,129 ) (80,020,237 ) Sales of common stock 390 353 345 Common stock issued to employees 27,168,085 24,587,717 34,682,592 Cancellation of treasury stock — 260,000,000 — Other net change in treasury stock — — (14,122 ) Common stock outstanding at end of year 3,038,587,493 3,063,155,434 3,017,804,012 The amount available for dividends and acquisition of treasury stock is subject to restrictions imposed by the Companies Act. Additional paid-in Dividends on the Company’s common stock per share for the years ended March 31, 2020, 2021 and 2022 were ¥20.0, ¥35.0 and ¥22.0, respectively. During the year ended March 31, 2021, due to the cancellation of treasury stock on December 1, 2020, total number of issued shares and treasury stock decreased by 260,000,000 shares, respectively. On June 18, 2019, the board of directors approved a repurchase program of Nomura Holdings common stock in accordance with Article 459-1 of the Companies Act of Japan as follows: (a) total number of shares authorized for repurchase is up to shares, (b) total value of shares authorized for repurchase is up to ¥ million and (c) the share buyback will run from to . Under this repurchase program, the Company repurchased shares of common stock at a cost of ¥ million. On October 29, 2021, the board of directors approved a repurchase program of Nomura Holdings common stock in accordance with Article 459-1 In addition to the above, the change in common stock held in treasury includes the change in common stock issued to employees under stock-based compensation plans, common stock held by affiliated companies, common stock sold to enable shareholders to hold round lots of the 100 share minimum tradable quantity (adding-to-holdings Subsequent Events On April 26, 2022, the board of directors approved a resolution to set up a share buyback program, pursuant to the Company’s articles of incorporation set out in accordance with Article 459-1 of the Companies Act as follows: (a) total number of shares authorized for repurchase is up to 50,000,000 shares, (b) total value of shares authorized for repurchase is up to ¥30 billion and (c) the share buyback program will run from May 17, 2022, to March 31, 2023 (excluding the ten business days following the announcement of quarterly operating results). |
Regulatory requirements
Regulatory requirements | 12 Months Ended |
Mar. 31, 2022 | |
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] | |
Regulatory requirements | 18. Regulatory requirements: In April 2011, the Company has been assigned as Final Designated Parent Company who must calculate a consolidated capital adequacy ratio and since then, our consolidated capital adequacy ratio has been calculated based on Capital Adequacy Notice on Final Designated Parent Company. The Capital Adequacy Notice on Final Designated Parent Company has been revised in line with Basel 2.5 and Basel III and Nomura has calculated a Basel III-based In accordance with Article 2 of the Capital Adequacy Notice on Final Designated Parent Company, Nomura’s consolidated capital adequacy ratio is calculated based on the amounts of common equity Tier 1 capital, Tier 1 capital, total capital, credit risk-weighted assets, market risk and operational risk. As of March 31, 2021 and 2022, the Company was in compliance with common equity Tier Under the Financial Instruments and Exchange Act (“FIEA”), NSC and NFPS are subject to the capital adequacy rules of the FSA. These rules requires the maintenance of a capital adequacy ratio, which is defined as the ratio of adjusted capital to a quantified total of business risk, of not less than 120%. Adjusted In connection with providing brokerage, clearing, asset management and wealth management services to clients, Nomura maintains segregated accounts to hold financial assets such as cash and securities on behalf of its clients. These accounts are typically governed by stringent statutory or regulatory rules in the relevant jurisdiction where the accounts are maintained in order to protect the clients from loss. As of March 31, 2021 and 2022, the total amount of segregated client cash recognized as an asset in Deposits with stock exchanges and other segregated cash Trading assets Collateralized agreements In the U.S., Nomura Securities International, Inc. (“NSI”) is registered as a broker-dealer under the Securities Exchange Act of 1934 and is a futures commission merchant with the Commodity Futures Trading Commission (“CFTC”). NSI is also regulated by self-regulatory organizations, such as the Financial Industry Regulatory Authority (“FINRA”) and the Chicago Mercantile Exchange Group. NSI is subject to the SEC’s Uniform Net Capital Rule (“Rule 15c3-1”) whichever is greater. NSI is required to maintain net capital in accordance with the SEC, CFTC, or other various exchange requirements, whichever is greater. Another U.S. subsidiary, Nomura Global Financial Products Inc. (“NGFP”) is registered as an OTC Derivatives Dealer under the Securities Exchange Act of 1934. NGFP registered with CFTC as a Swap Dealer on October 6, 2021 and registered with the Securities and Exchange Commission (“SEC”) as a Security Based Swap Dealer on November 1, 2021. NGFP calculates capital under SEC rule 18a-1 and CFTC rule 23.101 and requires the greater of 15c3-1 15c3-1(a). In Europe, Nomura Europe Holdings plc (“NEHS”) is subject to consolidated regulatory supervision by the Prudential Regulation Authority (“U.K. PRA”) as a U.K. Parent Financial Holding Company. The regulatory consolidation is produced in accordance with the requirements established under the Financial Services and Markets Act 2000, U.K. Capital Requirements Regulations and the PRA Rulebook. Nomura International plc (“NIP”), the most significant of NEHS’ subsidiaries, acts as a securities brokerage and dealing business. NIP is also regulated by the U.K. PRA and has minimum capital adequacy requirements imposed on it on a standalone basis. As a non-U.S. In Asia, Nomura International (Hong Kong) Limited (“NIHK”) and Nomura Singapore Ltd (“NSL”) are regulated by their local respective regulatory authorities. NIHK is licensed by the Securities and Futures Commission in Hong Kong to carry out regulated activities including dealing and clearing in securities and futures contracts, advising on securities, futures contracts and corporate finance and wealth management. Activities of NIHK, including its branch in Taiwan, are subject to the Securities and Futures (Financial Resources) Rules which require it, at all times, to maintain liquid capital at a level not less than its required liquid capital. Liquid capital is the amount by which liquid assets exceed ranking liabilities. Required liquid capital is calculated in accordance with provisions laid down in the Securities and Futures (Financial Resources) Rules. NSL is a licensed merchant bank regulated by the Monetary Authority of Singapore (“MAS”). NSL carries out its regulated activities including, among others, securities brokerage and dealing business. NSL is regulated and has minimum capital adequacy requirements imposed on it on a standalone basis by the MAS in Singapore. NIHK and NSL have been compliant with relevant regulatory capital related requirements. |
Affiliated companies and other
Affiliated companies and other equity-method investees | 12 Months Ended |
Mar. 31, 2022 | |
Affiliated Companies and Other Equity-method Investees [Abstract] | |
Affiliated companies and other equity-method investees | 19. Affiliated companies and other equity-method investees: Nomura’s significant affiliated companies and other equity-method investees include Nomura Research Institute, Ltd. (“NRI”) and Nomura Real Estate Holdings, Inc. (“NREH”). NRI NRI develops and manages computer systems and provides research services and management consulting services. One of the major clients of NRI is Nomura. Nomura has tendered to the self-tender offer made by NRI. Upon the settlement on August 21, 2019, Nomura has sold 101,889,300 ordinary shares it held at ¥159,966 million to NRI. NRI remains an equity method affiliate of NHI. As a result of the transaction, a gain of ¥73,293 million was recognized in earnings within Revenue — Other ed Nomura has sold 14,105,000 ordinary shares it held at ¥50,002 million to NRI in response to its own share repurchase through off-floor (ToSTNeT-3) Revenue—Other Further, Nomura has sold 15,000,000 ordinary shares it held at ¥57,870 million to third parties, through block trades on March 23, 2022. As a result of the transaction, a gain of Revenue—Other As of March 31, 2021, Nomura’s ownership of NRI was 28.6% and the remaining balance of equity method goodwill included in the carrying value of the investment was ¥60,572 million. As of March 31, 2022, Nomura’s ownership of NRI was 24.5% and the remaining balance of equity method goodwill included in the carrying value of the investment was ¥57,633 million. NREH NREH is the holding company of the Nomura Real Estate Group which is primarily involved in the residential property development, leasing, investment management as well as other real estate-related activities. Nomura recognized an impairment loss of ¥47,661 million against its investment in NREH during the year ended March 31, 2021. Based on the period and extent to which the NREH share price, and therefore fair value of the investment in NREH was below carrying value, Nomura determined the impairment was other-than-temporary and therefore an impairment loss was recognized. The loss was classified within Non-interest expenses—Other As of March 31, 2021, Nomura’s ownership of NREH was 36.1% and the difference between the carrying amount of the equity method investment and the underlying equity in net assets was ¥37,140 million as a result of an excess of the underlying equity in net assets over fair value of the investment. As of March 31, 2022, Nomura’s ownership of NREH was 36.6% and the difference between the carrying amount of the equity method investment and the underlying equity in net assets was ¥36,910 million as a result of an excess of the underlying equity in net assets over fair value of the investment. Summary financial information— The following tables present summarized financial information for significant affiliated companies of Nomura (including those elected for the fair value option) as of March 31, 2021 and 2022, and for the years ended March 31, 2020, 2021 and 2022. Millions of yen March 31 2021 2022 Total assets ¥ 2,769,294 ¥ 3,009,394 Total liabilities 1,788,704 1,984,043 Millions of yen Year ended March 31 2020 2021 2022 Net revenues ¥ 1,017,860 ¥ 909,616 ¥ 1,041,000 Non-interest 791,403 737,200 786,391 Net income attributable to the companies 155,567 124,163 179,706 The following tables present a summary of balances and transactions with affiliated companies and other equity-method investees as of March 31, 2021 and 2022, and during the years ended March 31, 2020, 2021 and 2022. Millions of yen March 31 2021 2022 Investments in affiliated companies ¥ 363,393 ¥ 363,281 Advances to affiliated companies 1,000 1,000 Other receivables from affiliated companies (1) 21,817 24,754 Other payables to affiliated companies (1) 26,344 30,617 (1) ROU assets and operating lease liabilities are included by million and million as of March 31, 2021 and 2022 respectively. Millions of yen Year ended March 31 2020 2021 2022 Revenues ¥ 3,833 ¥ 2,240 ¥ 2,660 Non-interest 46,335 50,753 50,004 Purchase of software, securities and tangible assets 17,716 14,407 12,760 The following table presents the aggregate carrying amount and fair value of investments in affiliated companies and other equity-method investees for which a quoted market price is available as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Carrying amount ¥ 340,909 ¥ 341,935 Fair value 768,389 772,243 The following table presents equity in earnings of equity-method investees, including those above and dividends from equity-method investees for the years ended March 31, 2020, 2021 and 2022. Millions of yen Year ended March 31 2020 2021 2022 Equity in earnings of equity-method investees (1) ¥ 32,109 ¥ 26,812 ¥ 32,083 Dividends from equity-method investees 11,767 11,096 11,848 (1) Equity in earnings of equity-method investees is reported within Revenue-Other |
Commitments, contingencies and
Commitments, contingencies and guarantees | 12 Months Ended |
Mar. 31, 2022 | |
Commitments, Contingencies and Guarantees [Abstract] | |
Commitments, contingencies and guarantees | 20. Commitments, contingencies and guarantees: Commitments— Credit and investment commitments In connection with its banking and financing activities, Nomura provides commitments to extend credit which generally have fixed expiration dates. In connection with its investment banking activities, Nomura enters into agreements with clients under which Nomura commits to underwrite securities that may be issued by the clients. As a member of certain central clearing counterparties, Nomura is committed to provide liquidity facilities through entering into reverse repo transactions backed by government and government agency debt securities with those counterparties in a situation where a default of another clearing member occurs. The outstanding commitments under these agreements are included below as commitments to extend credit. Nomura has commitments to invest in various partnerships and other entities and also has commitments to provide financing for investments related to these partnerships. The outstanding commitments under these agreements are included below as commitments to invest. The following table presents a summary of the key types of outstanding commitments provided by Nomura as of March 31, 2021 and 2022. Millions of yen March 31, 2021 March 31, 2022 Commitments to extend credit Liquidity facilities to central clearing counterparties ¥ 1,400,076 ¥ 1,135,695 Other commitments to extend credit 901,867 877,156 Total ¥ 2,301,943 ¥ 2,012,851 Commitments to invest ¥ 136,367 ¥ 32,286 Maturity profile of these commitments as of March 31, 2022: Millions of yen Total contractual amount Years to maturity Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Commitments to extend credit Liquidity facilities to central clearing counterparties ¥ 1,135,695 ¥ 1,135,695 ¥ — ¥ — ¥ — Other commitments to extend credit 877,156 219,139 269,828 163,515 224,674 Total ¥ 2,012,851 ¥ 1,354,834 ¥ 269,828 ¥ 163,515 ¥ 224,674 Commitments to invest ¥ 32,286 ¥ 149 ¥ 4,102 ¥ 6,175 ¥ 21,860 The contractual amounts of these commitments to extend credit represent the maximum amounts at risk assuming the contracts are fully drawn upon, should all the counterparties default, and the value of all collateral or credit mitigations becomes worthless. The total contractual amount of these commitments may not represent actual future cash outflows since the commitments may expire without being drawn upon. The credit risk associated with these commitments varies depending on the clients’ creditworthiness and the value and quality of collateral held. Nomura evaluates each client’s creditworthiness on a case-by-case Other commitments Purchase obligations for goods or services that include payments for construction-related, advertising, and computer and telecommunications maintenance agreements amounted to ¥121,604 million as of March 31, 2021 and ¥98,214 million as of March 31, 2022. As of March 31, 2022, these purchase obligations had the following maturities: Millions of yen Total Years of payment Less than 1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years More than 5 years Purchase obligations ¥ 98,214 ¥ 14,012 ¥ 15,254 ¥ 3,398 ¥ 1,774 ¥ 63,623 ¥ 153 Above table includes the commitment to purchase parts of the redeveloped real estate in Tokyo Nihonbashi district from the redevelopment association. Nomura has commitments under resale and repurchase agreements including amounts in connection with collateralized agreements and collateralized financing. These commitments amounted to ¥ billion for resale agreements and ¥ billion for repurchase agreements as of March , and ¥ billion for resale agreements and ¥ billion for repurchase agreements as of March 31, 2022. Nomura has commitments to purchase notes held by our clients. These commitments amounted to ¥15 billion as of March 31, 2022. In Japan, there is a market in which participants lend and borrow debt and equity securities without collateral to and from financial institutions. Under these arrangements, Nomura had obligations to return debt and equity securities borrowed without collateral of ¥824 billion and ¥1,219 billion as of March 31, 2021 and 2022, respectively. As a member of various securities clearing houses and exchanges, Nomura may be required to assume a certain share of the financial obligations of another member who may default on its obligations to the clearing house or the exchange. These guarantees are generally required under the membership agreements. To mitigate these risks, exchanges and clearing houses often require members to post collateral. The potential for Nomura to make payments under such guarantees is deemed remote. Contingencies— Investigations, lawsuits and other legal proceedings In the normal course of business as a global financial services entity, Nomura is involved in investigations, lawsuits and other legal proceedings and, as a result, may suffer loss from any fines, penalties or damages awarded against Nomura, any settlements Nomura chooses to make to resolve a matter, and legal and other advisory costs incurred to support and formulate a defense. The ability to predict the outcome of these actions and proceedings is inherently difficult, particularly where claimants are seeking substantial or indeterminate damages, where investigations and legal proceedings are at an early stage, where the matters present novel legal theories or involve a large number of parties, or which take place in foreign jurisdictions with complex or unclear laws. The Company regularly evaluates each legal proceeding and claim on a case-by-case “Contingencies” of the legal proceeding or claim below. Under ASC 450 an event is defined as reasonably possible if the chance of the loss to the Company is more than remote but less than probable. As of March 31, 2021 and 2022, a total liability of ¥62,889 million and ¥76,866 million has been recognized, respectively, and reported within the consolidated balance sheets within Other liabilities Non-interest The most significant actions and proceedings against Nomura are summarized below. The Company believes that, based on current information available as of the date of these consolidated financial statements, the ultimate resolution of these actions and proceedings will not be material to the Company’s financial condition. However, an adverse outcome in certain of these matters could have a material adverse effect on the consolidated statements of income or cash flows in a particular quarter or annual period. For certain of the significant actions and proceedings, the Company is currently able to estimate the amount of reasonably possible loss, or range of reasonably possible losses, in excess of amounts recognized as a liability (if any) against such cases. These estimates are based on current information available as of the date of these consolidated financial statements and include, but are not limited to, the specific amount of damages or claims against Nomura in each case. As of June 24, 2022, for those cases where an estimate of the range of reasonably possible losses can be made, the Company estimates that the total aggregate reasonably possible maximum loss in excess of amounts recognized as a liability (if any) against these cases is approximately ¥61 billion. For certain other significant actions and proceedings, the Company is unable to provide an estimate of the reasonably possible loss or range of reasonably possible losses because, among other reasons, (i) the proceedings are at such an early stage there is not enough information available to assess whether the stated grounds for the claim are viable; (ii) damages have not been identified by the claimant; (iii) damages are unsupported and/or exaggerated; (iv) there is uncertainty as to the outcome of pending appeals or motions; (v) there are significant legal issues to be resolved that may be dispositive, such as the applicability of statutes of limitations; (vi) there are novel or unsettled legal theories underlying the claims and/or (vii) a judgment has been made against Nomura but detailed reasons for the basis for the judgment and how the amount of the judgment has been determined have not yet been received. Nomura will continue to cooperate with regulatory investigations and to vigorously defend its position in the ongoing actions and proceedings set out below, as appropriate. In January 2008, Nomura International plc (“NIP”) was served with a tax notice issued by the tax authorities in Pescara, Italy alleging breaches by NIP of the U.K.-Italy Double Taxation Treaty of 1998 (“Tax Notice”). The alleged breaches relate to payments to NIP of tax credits on dividends on Italian shares. The Tax Notice not only denies certain payments to which NIP claims to be entitled but also seeks reimbursement of approximately EUR 33.8 million, plus interest, already refunded. NIP has exhausted all avenues of appeal following a judgment of the Italian Supreme Court dismissing NIP’s appeal in July 2021. Similar claims have been made by the tax authorities against IBJ Nomura Financial Products (UK) PLC (“IBJN”) a group company which has been in members’ voluntary liquidation since 2000. An Italian Supreme Court judgment in June 2019 confirmed that tax credit refunds of approximately EUR 38 million, plus interest, were payable by IBJN to the Italian tax authorities. In October 2010 and June 2012, two actions were brought against NIP, seeking recovery of payments allegedly made to NIP by Fairfield Sentry Ltd. and Fairfield Sigma Ltd. (collectively, “Fairfield Funds”), which are now in liquidation and were feeder funds to Bernard L. Madoff Investment Securities LLC (in liquidation pursuant to the Securities Investor Protection Act in the U.S. since December 2008) (“BLMIS”). The first suit was brought by the liquidators of the Fairfield Funds. It was filed on October 5, 2010 in the Supreme Court of the State of New York, but was subsequently removed to the United States Bankruptcy Court for the Southern District of New York. The second suit was brought by the Trustee for the liquidation of BLMIS (“Madoff Trustee”). NIP was added as a defendant in June 2012 when the Madoff Trustee filed an amended complaint in the United States Bankruptcy Court for the Southern District of New York. Both actions seek to recover approximately $35 million plus interest. Certain of the Company’s subsidiaries in the U.S. securitized residential mortgage loans in the form of residential mortgage-backed securities (“RMBS”). These subsidiaries did not generally originate mortgage loans, but purchased mortgage loans from third-party loan originators (“originators”). In connection with such purchases, these subsidiaries received loan level representations from the originators. In connection with the securitizations, the relevant subsidiaries provided loan level representations and warranties of the type generally described below, which mirror the representations the subsidiaries received from the originators. The loan level representations made in connection with the securitization of mortgage loans were generally detailed representations applicable to each loan and addressed characteristics of the borrowers and properties. The representations included, but were not limited to, information concerning the borrower’s credit status, the loan-to-value With respect to certain of the RMBS issued from 2005 to 2007, the relevant subsidiaries received claims demanding the repurchase of certain loans from trustees of various securitization trusts, made at the instance of one or more investors, or from certificate insurers. The total original principal amount of loans for which repurchase claims were received by the relevant subsidiaries within six years of each securitization is $3,203 million. The relevant subsidiaries summarily rejected any demand for repurchase received after the expiration of the statute of limitations applicable to breach of representation claims. For those claims received within six years, the relevant subsidiaries reviewed each claim received, and rejected those claims believed to be without merit or agreed to repurchase certain loans for those claims that the relevant subsidiaries determined to have merit. In several instances, following the rejection of repurchase demands, investors instituted actions through the trustee alleging breach of contract from 2011 to 2014. The breach of contract claims that were brought within the six-year A monoline insurer, Ambac Assurance Corp (“Ambac”), brought an action in April 2013 against Nomura Credit & Capital, Inc. (“NCCI”) and Nomura Holding America Inc. (“NHA”) alleging breach of contract with respect to representations concerning specific loan characteristics and fraud in the inducement of the insurance contract based on misrepresentations concerning the loans for two trusts insured by Ambac. The court dismissed all claims against NHA, and the claims against NCCI are continuing in the Supreme Court of the State of New York and discovery has now been completed. In November 2011, NIP was served with a claim filed by the Madoff Trustee in the United States Bankruptcy Court for the Southern District of New York. This is a clawback action similar to claims filed by the Madoff Trustee against numerous other institutions. The Madoff Trustee alleges that NIP received redemptions from the BLMIS feeder fund, Harley International (Cayman) Limited in the six years prior to December 11, 2008 (the date proceedings were commenced against BLMIS) and that these are avoidable and recoverable under the U.S. Bankruptcy Code and New York law. The amount that the Madoff Trustee is currently seeking to recover from NIP is approximately $24.4 million plus interest. In March 2013, Banca Monte dei Paschi di Siena SpA (“MPS”) issued a claim in the Italian Courts against (1) two former directors of MPS and (2) NIP. MPS alleged that the former directors improperly caused MPS to enter into certain structured financial transactions with NIP in 2009 (“Transactions”) and that NIP acted fraudulently and was jointly liable for the unlawful conduct of MPS’s former directors. MPS claimed damages of not less than EUR billion. In March 2013, NIP commenced a claim against MPS in the English Courts. The claim was for declaratory relief confirming that the Transactions remained valid and contractually binding. MPS filed and served its defence and counterclaim to these proceedings in March 2014. MPS alleged in its counterclaim that NIP was liable to make restitution of a net amount of approximately EUR 1.5 billion, and sought declarations regarding the illegality and invalidity of the Transactions. On September 23, 2015, NIP entered into a settlement agreement with MPS to terminate the Transactions. NIP believes that the Transactions were conducted legally and appropriately, and does not accept the allegations made against it or admit any wrongdoing. Taking into account the views of relevant European financial authorities and the advice provided by external experts, NIP considered it to be in its best interests to reach a settlement in relation to this matter. As part of the agreement, the Transactions were unwound at a discount of EUR 440 million in favour of MPS and the civil proceedings between MPS and NIP in Italy and England, respectively, will no longer be pursued. Pursuant to the settlement agreement MPS and NIP applied to the Italian Courts to discontinue the proceedings brought by MPS against NIP. These proceedings have since been discontinued. In April 2013, an investigation was commenced by the Public Prosecutor’s office in Siena, Italy, into various allegations against MPS and certain of its former directors, including in relation to the Transactions. The investigation was subsequently transferred to the Public Prosecutor of Milan. On April 3, 2015, the Public Prosecutor’s office in Milan issued a notice concluding its preliminary investigation. The Public Prosecutor was seeking to indict MPS, three individuals from MPS’s former management, NIP and two former NIP employees for, among others, the offences of false accounting and market manipulation in relation to MPS’s previous accounts. The preliminary hearing at which the Milan criminal court considered whether or not to grant the indictment concluded on October 1, 2016, the Judge ordering the trial of all individuals and banks involved except for MPS (which entered into a plea bargaining agreement with the Public Prosecutor). The trial commenced in December 2016. As part of these proceedings, a number of civil claimants have been permitted to bring damages claims against a number of entities and individuals, including NIP. On November 8, 2019, the court delivered its oral verdict, finding two former employees of NIP guilty of false accounting, market manipulation and obstructing the supervisory activities of CONSOB and that NIP had breached Italian corporate liability legislation. In so doing it imposed a fine of EUR 3.45 million on NIP as well as ordering confiscation of EUR 88 million. On May 12, 2020, the court issued the detailed reasoning for the verdict (including the rationale for the penalties imposed). NIP appealed the decision to the Milan Court of Appeal. On May 6, 2022, the Milan Court of Appeal delivered its oral verdict, overturning the first instance judgment and acquitting the two former employees of NIP of all charges. The court also overturned the first instance judgment in respect of NIP and quashed the EUR 3.45 million fine and EUR 88 million confiscation order imposed on NIP. The detailed reasoning for the verdict is expected to be filed within 90 days, following which the decision may be appealed to the Italian Supreme Court. In addition, NIP is involved in a number of separate civil or administrative matters relating to the Transactions including those described further below. In July 2013, a claim was issued against former directors of MPS, and NIP, by the shareholder group Fondazione Monte dei Paschi di Siena (“FMPS”). The grounds of the FMPS claim were similar to those on which the MPS claim was founded and the level of damages sought by FMPS was not less than EUR million. In , NIP, without admitting any wrongdoing, entered into a settlement agreement with FMPS pursuant to which FMPS waived its claim against NIP. The proceedings have since been discontinued. In January 2018, a claim before the Italian Courts brought by two claimants, Alken Fund Sicav (on behalf of two Luxembourg investment funds Alken Fund European Opportunities and Alken Fund Absolute Return Europe) and Alken Luxembourg S.A (the funds’ management company) (collectively referred to as “Alken”) was served on NIP. The claim was made against NIP, MPS, four MPS former directors and a member of MPS’s internal audit board, and sought monetary damages of approximately EUR 434 million plus interest on the basis of allegations similar to those made in the MPS and FMPS claims, as well as non-monetary In May 2019, a claim before the Italian Courts brought by York Global Finance Offshore BDH (Luxembourg) Sàrl and a number of seemingly related funds was served on NIP. The claim is made against NIP, MPS, two MPS former directors and a member of MPS’s internal audit board, and seeks monetary damages of approximately EUR 186.7 million plus interest on grounds similar to those in the MPS and FMPS claims, as well as non-monetary Additionally, NIP was served by the Commissione Nazionale per le Società e la Borsa (“CONSOB”, the Italian financial regulatory authority) with a notice commencing administrative sanction proceedings for market manipulation in connection with the Transactions. In relation to the Transactions, the notice named MPS, three individuals from MPS’s former management and two former NIP employees as defendants, whereas NIP was named only in its capacity as vicariously liable to pay any fines imposed on the former NIP employees. On May 22, 2018 CONSOB issued its decision in which it levied EUR 100,000 fines in relation to each of the two former NIP employees. In addition, CONSOB decided that the two employees did not meet the necessary Italian law integrity requirements to perform certain senior corporate functions, for a period of three months and six months respectively. NIP was vicariously liable to pay the fines imposed on its former employees. NIP paid the fines and appealed the decision to the Milan Court of Appeal. In December 2020, the Court of Appeal annulled the CONSOB decision against NIP. CONSOB has appealed the Court of Appeal’s decision to the Italian Supreme Court. In June 2016 and August 2016, Nomura International (Hong Kong) Limited (“NIHK”) and Nomura Special Investments Singapore Pte Limited (“NSIS”) were respectively served with a complaint filed in the Taipei District Court against NIHK, NSIS and certain individuals by Cathay United Bank, Co., Ltd., Taiwan Cooperative Bank Ltd., Chang Hwa Commercial Bank Ltd., Taiwan Business Bank Ltd., KGI Bank and Hwatai Bank Ltd. (collectively, “Syndicate Banks”). The Syndicate Banks’ complaint relates to a $60 million syndicated term loan to a subsidiary of Ultrasonic AG that was arranged by NIHK, and made by the Syndicate Banks together with NSIS. The Syndicate Banks’ allegations in the complaint include allegations that NIHK failed to comply with its fiduciary duties to the lenders as the arranger of the loan and the Syndicate Banks seek to recover approximately million in damages plus interest. The Syndicate Banks’ claims are dismissed by the Taipei District Court on June 2, 2022. In March 2017, certain subsidiaries of American International Group, Inc. (“AIG”) commenced proceedings in the District Court of Harris County, Texas against certain entities and individuals, including Nomura Securities International, Inc. (“NSI”), in connection with a 2012 offering of $750 million of certain project finance notes, of which $92 million allegedly were purchased by AIG. AIG had alleged violations of the Texas Securities Act based on material misrepresentations and omissions in connection with the marketing, offering, issuance and sale of the notes and seeks rescission of the purchases or compensatory damages. The action was resolved in a confidential settlement in March 2022. On May , , NIP and the Company were named as addressees in a decision issued by the European Commission in which NIP, the Company and various other third party banks have been found to have infringed EU competition law in connection with their activity in the primary and secondary markets for European Government Bonds (“EGB”). The European Commission found that the infringement consisted of anticompetitive agreements and/or concerted practices in the EGB sector in breach of EU competition law and fined NIP and the Company approximately EUR million. In , NIP and the Company appealed the decision. The fine has been provisionally paid, as is required, pending the outcome of NIP and the Company’s appeal. NIP and NSI are defendants in a class action filed in the United States District Court for the Southern District of New York alleging violations of U.S. antitrust law in relation to the alleged manipulation of the primary and secondary markets for EGB. Additionally, NIP and NSI are defendants in a separate class action filed in the Toronto Registry Office of the Federal Court of Canada alleging violations of Canadian competition law relating to the alleged manipulation of the secondary trading market for supranational, sub-sovereign Nomura is responding to requests for information from the U.S. Commodity Futures Trading Commission (“CFTC”) in relation to swap trading related to bond issuances, as well as the use of non-Nomura NSI is also cooperating with the Securities and Exchange Commission (“SEC”) in connection with an investigation of compliance with records preservation requirements relating to the use of non-Nomura In September 2017 and November 2017, NIHK and NSIS were respectively served with a complaint filed in the Taipei District Court against NIHK, NSIS, China Firstextile (Holdings) Limited (“FT”) and certain individuals by First Commercial Bank, Ltd., Land Bank of Taiwan Co., Ltd., Chang Hwa Commercial Bank Ltd., Taishin International Bank, E.Sun Commercial Bank, Ltd., CTBC Bank Co., Ltd., Hwatai Bank, Ltd. and Bank of Taiwan (collectively, “FT Syndicate Banks”). The FT Syndicate Banks’ complaint relates to a $100 million syndicated term loan facility to borrower FT that was arranged by NIHK, and made by the FT Syndicate Banks together with NSIS. The FT Syndicate Banks’ allegations in the complaint include tort claims under Taiwan law against the defendants. The FT Syndicate Banks seek to recover approximately $68 million in damages plus interest. In August 2017, the Cologne public prosecutor in Germany notified NIP that it is investigating possible tax fraud by individuals who worked for the Nomura Group in relation to the historic planning and execution of trading strategies around dividend record dates in certain German equities (known as “cum/ex” trading) and in relation to filings of tax reclaims in 2007 to 2012. During the fiscal year ended March 31, 2020, Nomura Group became aware that certain of those individuals would be the subject of investigative proceedings in Germany. NIP and another entity in the Nomura Group are cooperating with the investigation, including by disclosing to the public prosecutor certain documents and trading data. If the investigation involving Nomura Group entities and former individuals proceeds to trial, the individuals could face criminal sanctions and Nomura Group entities could face administrative sanctions such as administrative fines or profit confiscation orders. In June 2020, NIP issued a claim against an Italian counterparty in the English Courts. The claim sought declarations that the terms of a derivative transaction entered into in 2005 are binding. The counterparty filed and served its defense and counterclaim to these proceedings in January 2021 which sought, amongst other things, restitution of sums paid under the transaction. Separately, in June 2020, the counterparty filed an interim injunction application against NIP in the Tribunal of Palermo relating to payments due by it in relation to the same transaction. This application was dismissed at first instance but the counterparty appealed that decision. In October 2021, NIP, without admitting any wrongdoing, entered into a settlement agreement with the counterparty pursuant to which the proceedings in both jurisdictions were discontinued. At the same time, the derivative transaction was terminated. Stichting Vestia, a Dutch housing association and former counterparty, has asserted a claim against NIP relating to derivative transactions entered into between Vestia and NIP between 2009 and 2011. On February 1, 2022, Vestia commenced proceedings against NIP in the English Courts. The proceedings allege that the transactions are void because Vestia lacked the capacity and/or the authority to enter into them. Vestia is seeking restitution of a net amount of approximately EUR 154.2 illio n In the context of a secured financing and the enforcement of the related pledge agreements following events of default attributable to the counterparty, on February 8, 2022, two former pledgors served a formal notice stating their intention to commence legal proceedings against Nomura European Investment Limited as lender and NIP as security agent. The pledgors allege that there have been certain valuation errors in relation to enforcement of the related pledge agreements. To date, no legal proceedings have been issued in respect of the claim. Guarantees— In the normal course of business, Nomura enters into various guarantee arrangements with counterparties in the form of standby letters of credit and other guarantees, which generally have a fixed expiration date. In addition, Nomura enters into certain derivative contracts that meet the accounting definition of a guarantee, namely derivative contracts that contingently require a guarantor to make payment to a guaranteed party based on changes in an underlying that relate to an asset, liability or equity security held by a guaranteed party. Since Nomura does not track whether its clients enter into these derivative contracts for speculative or hedging purposes, Nomura includes relevant information about these derivative contracts that could meet the accounting definition of guarantees in the disclosure below. For information about the maximum potential amount of future payments that Nomura could be required to make under these derivative contracts, the notional amount of contracts has been disclosed, except for certain derivative contracts, such as written interest rate caps and written currency options, the maximum potential payout amount cannot be estimated, as increases in interest or foreign exchange rates in the future could be theoretically unlimited. The notional amounts do not represent anticipated losses from these derivatives contracts. As Nomura measures all derivative contracts at fair value, carrying value is considered the best indication of probability of payment and performance risks for these derivative contracts. Nomura may also reduce net exposures to certain of these contracts by entering into offsetting transactions or by entering into contracts that hedge the market risks related to these derivative contracts. The following table presents information on Nomura’s derivative contracts that could meet the accounting definition of a guarantee and standby letters of credit and other guarantees. Millions of yen March 31 2021 2022 Carrying value Maximum potential payout / Notional total Carrying value Maximum potential payout / Notional total Derivative contracts (1)(2) ¥ 5,207,911 ¥ 322,635,226 ¥ 6,151,646 ¥ 393,709,887 Standby letters of credit and other guarantees (3) — 206,072 — 1,698,193 (1) Credit derivatives are disclosed in Note 3 “ Derivative instruments and hedging activities (2) Derivative contracts primarily consist of equity, interest rate and foreign exchange contracts. (3) Primarily related to a certain sponsored repo program where Nomura guarantees to a third party clearing house in relation to its clients’ payment obligations. Our credit exposures under this guarantee is minimized by obtaining collateral from clients at amount approximately the maximum potential payout under the guarantee. The following table presents maturity information on Nomura’s derivative contracts that could meet the accounting definition of a guarantee and standby letters of credit and other guarantees as of March 31, 2022. Millions of yen Carrying value Maximum potential payout/Notional Total Years to Maturity Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Derivative contracts ¥ 6,151,646 ¥ 393,709,887 ¥ 82,738,268 ¥ 112,981,416 ¥ 65,305,775 ¥ 132,684,428 Standby letters of credit and other guarantees — 1,698,193 1,684,360 7,705 4,519 1,609 |
Segment and geographic informat
Segment and geographic information | 12 Months Ended |
Mar. 31, 2022 | |
Segment and Geographic Information [Abstract] | |
Segment and geographic information | 21. Segment and geographic information: Operating segments— In April 2021, the Investment Management Division was newly established by replacing the Asset Management Division and the Merchant Banking Division. Accordingly, Nomura’s operating management and management reporting are prepared based on the Retail, the Investment Management, and the Wholesale segments. Nomura structures its business segments based upon the nature of its main products and services, its client base and its management structure. The accounting policies for segment information generally follow U.S. GAAP, except for a part of the impact of unrealized gains/losses on certain investments in equity securities held for operating purposes, which under U.S. GAAP are included in Income (loss) before income taxes Revenues and expenses directly associated with each business segment are included in the operating results of each respective segment. Revenues and expenses that are not directly attributable to a particular segment are allocated to each respective business segment or included in “ Other Business segments’ results are shown in the following tables. Net interest revenue Certain comparative amounts have been reclassified to conform to the current year’s presentation, in accordance with the realignment in April 2021. Millions of yen Retail Investment Wholesale (1) Other (Incl. elimination) Total Year ended March 31, 2020 Non-interest ¥ 329,983 ¥ 101,130 ¥ 506,203 ¥ 242,021 ¥ 1,179,337 Net interest revenue 6,376 6,807 142,416 (25,780 ) 129,819 Net revenue 336,359 107,937 648,619 216,241 1,309,156 Non-interest 286,926 74,364 556,399 121,879 1,039,568 Income (loss) before income taxes ¥ 49,433 ¥ 33,573 ¥ 92,220 ¥ 94,362 ¥ 269,588 Year ended March 31, 2021 Non-interest ¥ 366,271 ¥ 153,523 ¥ 524,019 ¥ 205,411 ¥ 1,249,224 Net interest revenue 2,538 9,627 167,337 (38,399 ) 141,103 Net revenue 368,809 163,150 691,356 167,012 1,390,327 Non-interest 276,480 72,142 627,051 195,528 1,171,201 Income (loss) before income taxes ¥ 92,329 ¥ 91,008 ¥ 64,305 ¥ (28,516 ) ¥ 219,126 Year ended March 31, 2022 Non-interest ¥ 324,642 ¥ 129,848 ¥ 617,227 ¥ 232,437 ¥ 1,304,154 Net interest revenue 3,343 18,145 85,828 (53,203 ) 54,113 Net revenue 327,985 147,993 703,055 179,234 1,358,267 Non-interest 268,745 76,478 628,563 163,481 1,137,267 Income (loss) before income taxes ¥ 59,240 ¥ 71,515 ¥ 74,492 ¥ 15,753 ¥ 221,000 (1) Non-interest Non-interest U.S. Prime Brokerage Event Transactions between operating segments are recorded within segment results based on commercial terms and conditions and are eliminated in “ Other The following table presents the major components of Income (loss) before income taxes “Other” Millions of yen Year ended March 31 2020 2021 2022 Net gain (loss) related to economic hedging transactions ¥ 17,548 ¥ (11,450 ) ¥ (9,937 ) Realized gain on investments in equity securities held for operating purposes 6,601 1,731 1,355 Equity in earnings of affiliates (1) 34,990 (16,410 ) 36,790 Corporate items (2) (22,240 ) 4,956 (91,073 ) Other (3)(4)(5)(6) 57,463 (7,343 ) 78,618 Total ¥ 94,362 ¥ (28,516 ) ¥ 15,753 (1) Includes an impairment loss of ¥47,661 million recognized in respect of Nomura’s investment in Nomura Real Estate holdings, Inc. during the year ended March 31, 2021. Based on the period and extent to which the share price of the investee (and therefore its estimated fair value) was below the carrying value of the investment, Nomura determined the impairment was other-than-temporary and an impairment loss was recognized through earnings. The loss was reported within Non-interest (2) Income before income taxes for the year ended March 31, 2022 includes a loss of approximately ¥62.0 billion related to legacy transactions in the U.S. from before the global financial crisis (2007 – 2008) that was recognized including legal expenses as well as certain transactions intended to mitigate future losses. (3) Loss before income taxes for the year ended March 31, 2021 includes a gain of ¥ 71,075 million which represents the difference between the fair value of the assets acquired and the carrying value of the assets transferred by Nomura as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project. (4) Income before income taxes for the year ended March 31, 2020 includes a gain of ¥73,293 million from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd. (5) Income before income taxes for the year ended March 31, 2022 includes a gain of approximately ¥79.0 billion from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd. (6) Includes the impact of Nomura’s own creditworthiness. The table below presents reconciliations of the combined business segments’ results included in the preceding table to Nomura’s reported Net revenue, Non-interest Income (loss) before income taxes Millions of yen Year ended March 31 2020 2021 2022 Net revenue ¥ 1,309,156 ¥ 1,390,327 ¥ 1,358,267 Unrealized gain (loss) on investments in equity securities held for operating purposes (21,327 ) 11,545 5,623 Consolidated net revenue ¥ 1,287,829 ¥ 1,401,872 ¥ 1,363,890 Non-interest ¥ 1,039,568 ¥ 1,171,201 ¥ 1,137,267 Millions of yen Year ended March 31 2020 2021 2022 Unrealized gain (loss) on investments in equity securities held for operating purposes — — — Consolidated non-interest ¥ 1,039,568 ¥ 1,171,201 ¥ 1,137,267 Income (loss) before income taxes ¥ 269,588 ¥ 219,126 ¥ 221,000 Unrealized gain (loss) on investments in equity securities held for operating purposes (21,327 ) 11,545 5,623 Consolidated income (loss) before income taxes ¥ 248,261 ¥ 230,671 ¥ 226,623 Geographic information— Nomura’s identifiable assets, revenues and expenses are generally allocated based on the country of domicile of the legal entity providing the service. However, because of the integration of the global capital markets and the corresponding global nature of Nomura’s activities and services, it is not always possible to make a precise separation by location. As a result, various assumptions, which are consistent among years, have been made in presenting the following geographic data. The tables below present a geographic allocation of Net revenue Income (loss) before income taxes Net revenue Net revenue Income (loss) before income taxes Millions of yen Year ended March 31 2020 2021 (2) 2022 (2) Net revenue (1) Americas ¥ 229,265 ¥ 226,741 ¥ 289,571 Europe 115,483 142,941 131,393 Asia and Oceania 42,571 66,985 85,081 Subtotal 387,319 436,667 506,045 Japan 900,510 965,205 857,845 Consolidated ¥ 1,287,829 ¥ 1,401,872 ¥ 1,363,890 Income (loss) before income taxes: Americas ¥ 7,354 ¥ (76,963 ) ¥ (40,950 ) Europe (14,067 ) 14,283 (21,774 ) Asia and Oceania 19,817 49,205 28,586 Subtotal 13,104 (13,475 ) (34,138 ) Japan 235,157 244,146 260,761 Consolidated ¥ 248,261 ¥ 230,671 ¥ 226,623 (1) There is no revenue derived from transactions with a single major external customer. (2) Includes losses arising from the U.S. Prime Brokerage Event. See Note 23 “ U.S. Prime Brokerage Event March 31 2020 2021 2022 Long-lived assets: Americas ¥ 84,904 ¥ 98,611 ¥ 103,045 Europe 52,179 65,165 53,643 Asia and Oceania 29,618 26,690 23,600 Subtotal 166,701 190,466 180,288 Japan 292,212 303,355 269,135 Consolidated ¥ 458,913 ¥ 493,821 ¥ 449,423 |
Related party transactions
Related party transactions | 12 Months Ended |
Mar. 31, 2022 | |
Related Party Transactions [Abstract] | |
Related party transactions | 22. Related party transactions Nomura makes loans to certain of its directors and other related parties. Outstanding loans to its directors and other related parties were not considered significant. |
U.S. Prime Brokerage Event
U.S. Prime Brokerage Event | 12 Months Ended |
Mar. 31, 2022 | |
Floor Brokerage, Exchange and Clearance Fees [Abstract] | |
U.S. Prime Brokerage Event | 23. U.S. Prime Brokerage Event An event occurred in certain Nomura’s subsidiaries, including a U.S. subsidiary, Nomura Global Financial Products Inc., resulting in total losses of million being recognized in the consolidated statements during the year ended March 31, 2021. The losses were caused by the default of a U.S. client on margin calls against synthetic and cash prime brokerage transactions. The losses arose primarily through the liquidation of the hedges held against these transactions and also through recognition of allowances for current expected credit losses against certain of the transactions with the client. Of the losses, ¥(204,188) million was reported within Revenue Net gain on trading million reported within Non-interest Other On May 17, 2021, Nomura completed the unwinding of all its positions related to the event and recognized additional losses of million during the quarter ended June 30, 2021. Of these losses, was reported within Revenue—Net gain on trading Non-interest A total of ¥14,696 million of this loss has been recovered during the quarter ended December 31, 2021 and March 31, 2022 through an increase in the estimated fair value of certain transactions with the client elected to be measured at fair value and through a reduction in allowances for current expected credit losses against other transactions with the client. A gain of ¥12,161 million was recognized and reported within Revenue—Net gain on trading Non-interest |
Supplementary subsidiary guaran
Supplementary subsidiary guarantee information required under SEC rules | 12 Months Ended |
Mar. 31, 2022 | |
Supplementary Subsidiary Guarantee Information Required under SEC Rules [Abstract] | |
Supplementary subsidiary guarantee information required under SEC rules | 24. Supplementary subsidiary guarantee information required under SEC rules: The Company provides several guarantees of debts of its subsidiaries. The Company has fully and unconditionally guaranteed the securities issued by Nomura America Finance LLC (“NAFL”), which is an indirect, wholly owned finance subsidiary of the Company. NAFL operates as a special purpose entity. It was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes. The guarantee will remain in effect until the entire principal, if any, of, and interest and premium, if any, on, the securities has been paid in full or discharged in accordance with the provisions of the indenture, or otherwise fully defeased by the Company. |
Summary of accounting policies
Summary of accounting policies (Policies) | 12 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Description of business | Description of business— Nomura Holdings, Inc. (“Company”) and its broker-dealer, banking and other financial services subsidiaries provide investment, financing and related services to individual, institutional and government clients on a global basis. The Company and other entities in which it has a controlling financial interest are collectively referred to as “Nomura” within these consolidated financial statements. Nomura operates its business through various divisions based upon the nature of specific products and services, its main client base and its management structure. On April 1, 2021, the Asset Management Division and the Merchant Banking Division were combined and the Investment Management Division was established. Nomura reports operating results through three business segments: Retail, Investment Management, and Wholesale. In its Retail segment, Nomura provides investment consultation services mainly to individual clients in Japan. In its Investment Management segment, Nomura mainly provides various investment management services such as establishing and managing investment trusts, discretionary investment services for domestic and overseas investors, investment and management for investment corporation and for funds for institutional investors, and management of Tokumei kumiai (silent partnerships). In its Wholesale segment, Nomura engages in the sales and trading of debt and equity securities, foreign exchange contracts and derivatives globally, and provides investment banking services such as the underwriting and distribution of debt and equity securities as well as mergers and acquisitions and financial advisory. |
Basis of presentation | Basis of presentation— The accounting and financial reporting policies of Nomura conform to accounting principles generally accepted in the United States (“U.S. GAAP”) as applicable to broker-dealers. These consolidated financial statements include the financial statements of the Company and other entities in which it has a controlling financial interest. Nomura initially determines whether it has a controlling financial interest in an entity by evaluating whether the entity is a variable interest entity (“VIE”) under Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 810 “ Consolidation For entities other than VIEs, Nomura is generally determined to have a controlling financial interest in an entity when it owns a majority of the voting interests. Equity investments in entities in which Nomura has significant influence over operating and financial decisions (generally defined as a holding of 20 to 50 percent of the voting stock of a corporate entity, or at least 3 percent of a limited partnership) are accounted for under the equity method of accounting (“equity method investments”) and reported within Other assets — Investments in and advances to affiliated companies Financial Instruments Trading assets, Private equity and debt investments or Other assets — Other Equity investments in which Nomura has neither control nor significant influence are carried at fair value, with changes in fair value recognized through the consolidated statements of income and reported within Trading assets, Private equity and debt investments or Other assets — Other Certain consolidated entities are investment companies under ASC 946 “Financial Services — Investment Companies The Company’s principal subsidiaries include Nomura Securities Co., Ltd. (“NSC”), Nomura Securities International, Inc. (“NSI”), Nomura International plc (“NIP”) and Nomura Financial Products & Services, Inc. (“NFPS”). All material intercompany transactions and balances have been eliminated on consolidation. |
Use of estimates | Use of estimates— Nomura uses accounting estimates to prepare these consolidated financial statements and they require difficult, subjective and complex judgments by management. Such estimates determined by management to be material include estimates regarding the fair value of financial instruments and litigation provisions. Estimates, by their nature, are based on underlying assumptions which require management judgment and depend on the extent of available information. Actual results in future periods may differ from current estimates, which could have a material impact on these consolidated financial statements. Various references are made throughout the notes to these consolidated financial statements where critical accounting estimates based on management judgment have been made, the nature of the estimates, the underlying assumptions made by management used to derive those estimates and how these estimates affect the amounts reported in these consolidated financial statements. |
Fair value of financial instruments | Fair value of financial instruments— A significant amount of Nomura’s financial assets and financial liabilities are carried at fair value, with changes in fair value recognized through the consolidated statements of income and/ or the consolidated statements of comprehensive income. Use of a fair value measurement is either specifically required under U.S. GAAP or Nomura makes an election to use a fair value measurement for certain eligible items under the fair value option. Other financial assets and financial liabilities are carried at fair value on a nonrecurring basis, where the primary measurement basis is not fair value. Fair value is only used in specific circumstances after initial recognition, such as to measure impairment. In both cases, fair value is generally determined in accordance with ASC 820 “ Fair Value Measurements and Disclosures Fair value measurements The fair values of financial assets and financial liabilities of consolidated VIEs which meet the definition of collateralized financing entities are both measured using the more observable fair value of the financial assets and financial liabilities. |
Allowance for current expected credit losses | Allowance for current expected credit losses— Management recognizes allowance for current expected credit losses on financial assets not carried at fair value and certain off-balance “Financial Instruments—Credit Losses” off-balance Current expected credit losses are calculated over the expected life of the financial instruments in scope of the requirements on an individual or a portfolio basis, considering all relevant, reasonable supportable information available about the collectability of cash flows, including information about past events, current conditions and future forecasts. Accrued interest receivables are excluded from the amortized cost basis of financing receivables when calculating current expected credit losses. The methodology used by Nomura to determine allowances for current expected credit losses in accordance with the CECL impairment model primarily depends on the nature of the financial instrument and whether certain practical expedients permitted by ASC 326 are applied by Nomura. Allowances for current expected credit losses against recognized financial instruments are reported in the consolidated balance sheets within Allowances for current expected credit losses off-balance Other Other expenses. See Note 7 “Financing receivables” |
Transfers of financial assets | Transfers of financial assets— Nomura accounts for the transfer of a financial asset as a sale when Nomura relinquishes control over the asset by meeting the following conditions: (a) the asset has been isolated from the transferor (even in bankruptcy or other receivership), (b) the transferee has the right to pledge or exchange the asset received, or if the transferee is an entity whose sole purpose is to engage in securitization or asset-backed financing activities, if, the holders of its beneficial interests have the right to pledge or exchange the beneficial interests held and (c) the transferor has not maintained effective control over the transferred asset. In connection with its securitization activities, Nomura utilizes special purpose entities (“SPEs”) to securitize commercial and residential mortgage loans, government and corporate securities or other types of financial assets. Nomura’s involvement with SPEs includes structuring and underwriting, distributing and selling debt instruments and beneficial interests issued by SPEs to investors. Nomura derecognizes financial assets transferred in securitizations provided that Nomura has relinquished control over such assets and does not consolidate the SPE. Nomura may obtain or retain an interest in the financial assets, including residual interests in the SPEs dependent upon prevailing market conditions. Any such interests are accounted for at fair value and reported within Trading assets Revenue — Net gain on trading |
Foreign currency translation | Foreign currency translation— The financial statements of the Company’s subsidiaries and operations are measured using their functional currency which is the currency of the primary economic environment in which the entity operates. All assets and liabilities of subsidiaries and operations which have a functional currency other than Japanese Yen are translated into Japanese Yen at exchange rates in effect at the balance sheet date, and all revenue and expenses are translated at the average exchange rates for the respective years and the resulting translation adjustments are accumulated and reported within Accumulated other comprehensive income (loss) Foreign currency assets and liabilities are translated at exchange rates in effect at the balance sheet date and the resulting translation gains or losses are credited or charged to the consolidated statements of income. |
Revenue from services provided to clients | Revenue from services provided to clients— Nomura earns revenue through fees and commissions from providing financial services to clients across all three business divisions. These services primarily include trade execution and clearing services, distribution of fund unit services, financial advisory services, underwriting and distribution services and asset management services. Revenues are recognized when or as the client obtains control of the service provided by Nomura which depends on when each of the key distinct substantive promises made by Nomura within the contract with the client (“performance obligations”) are satisfied. Such performance obligations are generally satisfied at a particularly point in time or, if certain criteria are met, over a period of time. Revenues from providing distribution of fund units and clearing services are reported in the consolidated statements of income within Revenue — Commissions, Revenue — Asset management and portfolio service fees Revenue — Fees from investment banking Costs to obtain or fulfill the underlying contract to provide services to a client are deferred as assets if certain criteria are met. These deferred costs, which are reported in the consolidated balance sheets within Other assets |
Trading assets and trading liabilities | Trading assets and trading liabilities— Trading assets Financial assets are classified as being held for trading when any of the following criteria are met: • The financial assets are originated or acquired with the intention to generate profit through sale of the financial assets in the short-term; • The financial assets are part of a portfolio of identified financial instruments that are managed together for the purposes of short-term profit or arbitrage profit-taking; or • The financial assets are derivative assets. Trading liabilities Revenue —Net gain on trading Revenue—Gain (loss) on investments in equity securities |
Collateralized agreements and collateralized financing | Collateralized agreements and collateralized financing— Collateralized agreements Securities purchased under agreements to resell Securities borrowed Collateralized financing Securities sold under agreements to repurchase Securities loaned Reverse repurchase and repurchase agreements principally involve the buying or selling of securities under agreements with clients to resell or repurchase these securities to or from those clients, respectively. These transactions are generally accounted for as collateralized agreements or collateralized financing transactions and are recognized in the consolidated balance sheets at the amount for which the securities were originally acquired or sold. Certain reverse repurchase and repurchase agreements are carried at fair value through election of the fair value option. Nomura also enters into Gensaki Repo transactions which are the standard type of repurchase agreement used in Japanese financial markets. Gensaki Repo transactions contain margin requirements, rights of security substitution, and certain restrictions on the client’s right to sell or repledge the transferred securities. Gensaki Repo transactions are accounted for as collateralized agreements or collateralized financing transactions and are recognized on the consolidated balance sheets at the amount that the securities were originally acquired or sold. Securities borrowing and lending transactions are generally accounted for as collateralized agreements and collateralized financing transactions, respectively. These transactions are generally cash collateralized and are recognized on the consolidated balance sheets at the amount of cash collateral advanced or received. Allowances for current expected credit losses recognized against securities borrowing transactions are not significant due to an ongoing monitoring of collateral and the short expected life of these transactions. Where Nomura acts as lenders in securities borrowing and lending transactions and receives securities that can be sold or pledged as collateral, Nomura recognizes the securities received at fair value within Other assets—Other Other liabilities. See Note 7 “Financing receivables” COVID-19 Offsetting of collateralized agreements and collateralized financings Reverse repurchase agreements and repurchase agreements (including Gensaki Repo transactions) accounted for as collateralized agreements and collateralized financing transactions, respectively, entered into with the same counterparty and documented under a master netting agreement are offset in the consolidated balance sheets where the specific criteria defined by ASC 210-20 Balance Sheet —Offsetting 210-20”) close-out 210-20 Other secured borrowings Trading balances of secured borrowings Transfers and Servicing Long-term borrowings 6 “Securitizations and Variable Interest Entities” “Borrowings” All Nomura-owned securities pledged to counterparties where the counterparty has the right to sell or repledge the securities, including collateral transferred under Gensaki Repo transactions, are reported parenthetically within Trading assets as Securities pledged as collateral See Note 5 “Collateralized transactions” |
Derivatives | Derivatives— Nomura uses a variety of derivatives, including futures, forwards, swaps and options, for both trading and non-trading Trading assets or Trading liabilities Short-term borrowings or Long-term borrowings Derivatives used for trading purposes Derivatives used for trading purposes, including bifurcated embedded derivatives, are carried at fair value with changes in fair value reported in the consolidated statements of income within Revenue —Net gain on trading Derivatives held for non-trading In addition to its trading activities, Nomura uses derivatives for other than trading purposes such as to manage risk exposures arising from recognized assets and liabilities, forecasted transactions and firm commitments. Derivatives held for non-trading Derivatives and Hedging Fair value hedges Nomura designates certain derivative as fair value hedges of interest rate risk and foreign exchange risk arising from specific financial liabilities and foreign currency denominated non-trading throughout the life of the hedging relationship. Changes in fair value of the hedging derivatives are reported together with those of the hedged financial assets and liabilities through the consolidated statements of income within Interest expense Revenue —Other Net investment hedges Nomura designates certain derivatives as hedges of the net investment in foreign operations related to specific subsidiaries with non-Japanese Revenue —Other Accumulated other comprehensive income (loss) Economic expense hedges Nomura designates certain derivatives as economic expense hedges to manage equity price risk or foreign currency risk of certain expenses arising from forecasted transactions or firm commitments. Changes in fair value of these derivatives are reported in the same line item in the consolidated statements of income where expenses arising from the hedged transactions are reported. Offsetting of derivatives Derivative assets and liabilities with the same counterparty documented under a legally enforceable master netting agreement and the related cash collateral receivables and payables are presented on a net basis in the consolidated balance sheets where the specific criteria defined by ASC 210-20 Settlement-to-market Exchange traded and centrally cleared OTC derivatives typically involve daily variation margin payments and receipts which reflect changes in the fair value of the related derivatives. Such variation margin amounts are accounted for as either a partial settlement of the derivative or as a separate cash collateral receivable or payable depending on the legal form of the arrangement with the relevant central clearing counterparty. See Note 3 “ Derivatives and hedging activities |
Loans receivable | Loans receivable— Loans receivable are loans which management intends to hold for the foreseeable future. Loans receivable are either carried at fair value or at amortized cost. Interest earned on loans receivable is reported in the consolidated statements of income within Revenue —Interest and dividends Loans receivable carried at fair value Certain loans which are risk managed on a fair value basis are carried at fair value through election of the fair value option. Nomura makes this election to mitigate volatility in the consolidated statements of income caused by the difference in measurement basis that would otherwise exist between the loans and the derivatives used to risk manage those loans. Changes in the fair value of loans receivable carried at fair value are reported in the consolidated statements of income within Revenue —Net gain on trading Loans receivable carried at amortized cost Loans receivable which are not carried at fair value are carried at amortized cost. Amortized cost represents cost adjusted for deferred fees and direct costs, unamortized premiums or discounts on purchased loans and after deducting applicable allowances for current expected credit losses under ASC 326 which Nomura initially adopted from April 1, 2020. Loan origination fees, net of direct origination costs, are amortized to Revenue —Interest and dividends Modifications of loans receivable where the borrower is in financial difficulty and Nomura has granted a financial concession are typically accounted for as troubled debt restructurings (“TDRs”). Consistent with guidance issued by U.S. banking regulators in March 2020 as a result of the COVID-19 COVID-19 See Note 7 “ Financing receivables |
Other receivables | Other receivables— Receivables from customers Receivables from other than customers Receivables from other than customers These amounts are carried at contractual amounts due less any applicable allowance for current expected credit losses recognized under ASC 326 which Nomura initially adopted from April 1, 2020. See Note 7 “ Financing receivables” |
Loan commitments | Loan commitments— Unfunded loan commitments written by Nomura are accounted for as either off-balance These loan commitments are generally accounted for in a manner consistent with the accounting for the loan receivable upon funding. Where the loan receivable will be classified as a trading asset or will be elected for the fair value option, the loan commitment is also generally held at fair value, with changes in fair value reported in the consolidated statements of income within Revenue —Net gain on trading For loan commitments where the loan will be held for the foreseeable future and will not be elected for the fair value option, Nomura recognizes allowances for current expected credit losses in accordance with ASC which Nomura initially adopted from April , . As of March , , the allowance for incurred credit losses reflected management’s best estimate of probable losses expected incurred for these loan commitments. Loan commitment fees are generally deferred and recognized over the term of the loan when funded as an adjustment to yield. If drawdown of the loan commitment is considered remote, loan commitment fees are recognized over the commitment period as service revenue. See Note 7 “Financing receivables” |
Payables and deposits | Payables and deposits— Payables to customers Payables to other than customers failed-to-receive Payables to other than customers Deposits received at banks |
Office buildings, land, equipment and facilities | Office buildings, land, equipment and facilities— Office buildings, land, equipment and facilities, owned and held for use by Nomura are stated at cost, net of accumulated depreciation and amortization, except for land, which is stated at cost. Significant renewals and additions are capitalized at cost. Maintenance, repairs and minor renewals are expensed as incurred in the consolidated statements of income. Leases and subleases entered into by Nomura as either lessor or lessee are classified as either operating or finance leases on inception date in accordance with ASC 842 “Leases” right-of-use Other assets—Office buildings, land, equipment and facilities Other liabilities Lease liabilities are initially measured at present value of the future minimum lease payments over the expected lease term. The future minimum lease payments are discounted using a relevant Nomura incremental borrowing rate as derived from information available at lease commencement date. The expected lease term is generally determined based on the contractual maturity of the lease, and adjusted for periods covered by options to extend or terminate the lease when Nomura is reasonably certain to exercise those options. ROU assets are initially measured at the amount of lease liabilities, and adjusted for any prepaid lease payments, initial direct costs incurred and any lease incentives received. After lease commencement date, for operating leases Nomura as lessee recognizes lease expense over the lease term generally on a straight-line basis within Occupancy and related depreciation Information processing and communications Depreciation and amortization charges of owned assets are generally computed using the straight-line method and recognized over the estimated useful lives of each asset. The estimated useful life of an asset takes into consideration technological change, normal deterioration and actual physical usage by Nomura. Leasehold improvements are depreciated over the shorter of their useful life or the term of corresponding lease. The estimated useful lives for significant asset classes are as follows: Office buildings 3 to 50 years Equipment and facilities 2 to 20 years Software 3 to 10 years Long-lived assets, including ROU assets and software assets but excluding goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the estimated future undiscounted cash flows generated by the asset is less than the carrying amount of the asset, a loss is recognized to the extent that the carrying value exceeds its fair value. See Note 8 “ Leases |
Investments in equity securities | Investments in equity securities— Nomura holds minority stakes in the equity securities of unaffiliated Japanese financial institutions and corporations in order to promote existing and potential business relationships. These companies often have similar investments in Nomura. Such cross-holdings are a customary business practice in Japan and provide a way for companies to manage shareholder relationships. These investments, which Nomura refers to as being held for operating purposes, are carried at fair value and reported within Other assets — Investments in equity securities Revenue — Gain (loss) on investments in equity securities |
Other non-trading debt and equity securities | Other non-trading Certain non-trading non-trading Non-trading non-trading Other assets — Non-trading Other assets — Other Revenue — Other non-trading Revenue — Other |
Short-term and long-term borrowings | Short-term and long-term borrowings— Short-term borrowings are defined as borrowings which are due on demand, which have a contractual maturity of one year or less at issuance date, or which have a longer contractual maturity but which contain features outside of Nomura’s control that allows the investor to demand redemption within one year from original issuance date. Short-term and long-term borrowings primarily consist of commercial paper, bank borrowings, and certain structured notes issued by Nomura and SPEs consolidated by Nomura, and financial liabilities recognized in transfers of financial assets which are accounted for as financings rather than sales under ASC 860 (“secured financing transactions”). Of these financial liabilities, certain structured notes and secured financing transactions are accounted for at fair value on a recurring basis through election of the fair value option. Other short and long-term borrowings are carried at amortized cost. Structured notes are debt securities which contain embedded features (often meeting the accounting definition of a derivative) that alter the return to the investor from simply receiving a fixed or floating rate of interest to a return that depends upon some other variable(s) such as an equity or equity index, commodity price, foreign exchange rate, credit rating of a third party or more complex interest rate calculation. Structured borrowings are borrowings that have similar characteristics as structured notes. All structured notes and certain structured borrowings issued by Nomura are carried at fair value on a recurring basis through election of the fair value option. This blanket election for structured notes and certain structured borrowings are made primarily to mitigate the volatility in the consolidated statements of income caused by differences in the measurement basis for structured notes and the derivatives used to risk manage those positions and to generally simplify the accounting Nomura applies to these financial instruments. Changes in the fair value of structured notes elected for the fair value option are reported within Revenue — Net gain on trading Other comprehensive income See Note 11 “ Borrowings |
Income taxes | Income taxes— Deferred tax assets and liabilities are recognized to reflect the expected future tax consequences of operating loss carryforwards, tax credit carryforwards and temporary differences between the carrying amounts for financial reporting purposes and the tax bases of assets and liabilities based upon enacted tax laws and tax rates. Nomura recognizes deferred tax assets to the extent it believes that it is more likely than not that a benefit will be realized. A valuation allowance is established against deferred tax assets for tax benefits available to Nomura that are not deemed more likely than not to be realized. Deferred tax assets and deferred tax liabilities that relate to the same tax-paying Other assets — Other Other liabilities Nomura recognizes and measures unrecognized tax benefits based on Nomura’s estimate of the likelihood, based on technical merits, that tax positions will be sustained upon examination based on the facts and circumstances and information available at the end of each period. Nomura adjusts the level of unrecognized tax benefits when there is more information available, or when an event occurs requiring a change. The reassessment of unrecognized tax benefits could have a material impact on Nomura’s effective tax rate in the period in which it occurs. Nomura reports income tax-related Income tax expense See Note 15 “ Income taxes |
Stock-based and other compensation awards | Stock-based and other compensation awards— Stock-based awards issued by Nomura to senior management and other employees are classified as either equity or liability awards depending on the terms of the award. Stock-based awards such as Stock Acquisition Rights (“SARs”) and Restricted Stock Units (“RSUs”) which are expected to be settled by the delivery of the Company’s common stock are classified as equity awards. For these awards, total compensation cost is generally fixed at the grant date and measured using the grant-date fair value of the award, net of any amount the employee is obligated to pay and estimated forfeitures. Stock-based awards such as Notional Stock Units (“NSUs”) and Collared Notional Stock Units (“CSUs”) which are expected to be settled in cash are classified as liability awards. Liability awards are remeasured to fair value at each balance sheet date, net of estimated forfeitures with the final measurement of cumulative compensation cost equal to the settlement amount. For both equity and liability awards, fair value is determined either by using option pricing models, the market price of the Company’s common stock or the price of the third party index, as appropriate. Compensation cost is recognized in the consolidated statements of income over the requisite service period, which generally is equal to the contractual vesting period. Where an award has graded vesting, compensation expense is recognized using the accelerated recognition method. Certain deferred compensation awards include “Full Career Retirement” (“FCR”) provisions which permit recipients of the awards to continue to vest in the awards upon voluntary termination or by claiming FCR during a pre-defined See Note 14 “ Deferred compensation awards |
Earnings per share | Earnings per share— The computation of basic earnings per share is based on the weighted average number of shares outstanding during the year. Diluted earnings per share reflects the assumed conversion of all dilutive securities based on the most advantageous conversion rate or exercise price available to the investors, and assuming conversion of convertible debt under the if-converted See Note 12 “ Earnings per share |
Cash and cash equivalents | Cash and cash equivalents— Nomura defines cash and cash equivalents as cash on hand and demand deposits with banks. |
Goodwill and intangible assets | Goodwill and intangible assets— Goodwill is recognized upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired. Subsequent to initial recognition, goodwill is not amortized but is tested for impairment at a reporting unit level during the fourth quarter of each fiscal year, or more frequently during earlier interim periods if events or circumstances indicate there may be impairment. Nomura’s reporting units are at the same level as or one level below its business segments. Nomura tests goodwill of each separate reporting unit by initially qualitatively assessing whether events and circumstances indicate that it is more likely than not (i.e., greater than 50% likelihood) that a reporting unit’s fair value is less than its carrying amount. If such assessment indicates fair value is not less than the carrying value, the reporting unit is deemed not to be impaired and no further analysis is required. If it is more likely than not that fair value of the reporting unit is below its carrying value, a quantitative test is then performed. Following the adoption of ASU 2017-04 “Simplifying the Test for Goodwill Impairment” Intangible assets with finite lives (“finite-lived intangible assets”) are amortized over their estimated useful lives and tested for impairment either individually or with other assets (“asset group”) when events and circumstances indicate that the carrying value of the intangible asset (or asset group) may not be recoverable. A finite-lived intangible asset is impaired when its carrying amount or the carrying amount of the asset group exceeds its fair value. An impairment loss is recognized only if the carrying amount of the intangible asset (or asset group) is not recoverable and exceeds its fair value. For both goodwill and intangible assets, to the extent an impairment loss is recognized, the loss establishes a new cost basis for the asset which cannot be subsequently reversed. See Note 10 “ Other assets — Office buildings, land, equipment and facilities and Other / Other liabilities Nomura’s equity method investments are tested in their entirety for other-than-temporary impairment when there is an indication of impairment. The underlying assets associated with the equity method investments, including goodwill, are not tested separately for impairment. |
Employee benefit plans | Employee benefit plans— Nomura provides certain eligible employees with various benefit plans, including pensions and other post-retirement benefits. These benefit plans are classified as either defined benefit plans or defined contribution plans. Plan assets and benefit obligations, as well as the net periodic benefit cost of a defined benefit pension or post-retirement benefit plan, are recognized based on various actuarial assumptions such as discount rates, expected return on plan assets and future compensation levels at the balance sheet date. Actuarial gains and losses in excess of 10% of the greater of the projected benefit obligation or the fair value of plan assets and unrecognized prior service costs or credits are amortized to net periodic benefit cost on a straight-line basis over the average remaining service life of active employees expected to receive benefits. The overfunded or underfunded status of a plan is reported within Other assets — Other Other liabilities Other comprehensive income (loss) net-of-tax The net periodic pension and other benefit cost of defined contribution plans is recognized within Compensation and benefits See Note 13 “ Employee benefit plans |
New accounting pronouncements adopted during the current year | New accounting pronouncements adopted during the current year— No new accounting pronouncements relevant to Nomura were adopted during the year ended March 31, 2022. However, Nomura has elected to apply certain practical reliefs provided by the following new accounting pronouncements during the year ended March 31, 2022: Pronouncement Summary of new guidance Adoption Effect on these ASU 2020-04 “Reference rate reform” • Provides temporary optional expedients and exceptions to the application of generally accepted accounting principles to certain contract and hedge relationships affected by reference rate reform. • Contract modifications solely related to the replacement of reference rate are eligible for relief from modification accounting requirements and accounted for as a continuation of the existing contract. • Allows various optional expedients and elections to allow hedging relationships affected by reference rate reform would continue uninterrupted during the reference rate transition if certain criteria are met. The expedients and exceptions provided by the ASU are permitted to be adopted any time until December 31, 2022. Nomura has elected to apply the relief to certain contract modifications beginning from the year ended March 31, 2022. These modifications have not had a material impact on these consolidated financial statements . |
Future accounting developments | Future accounting developments— The following table presents a summary of new authoritative accounting pronouncements relevant to Nomura which will be adopted on or after April 1, 2022 and which may have a material impact on these consolidated financial statements: Pronouncement Summary of new guidance Expected adoption Effect on these ASU 2022-02 “Financial instruments—Credit losses (Topic 326): Troubled debt restructurings and vintage disclosures” • Eliminates specific recognition and measurement guidance for troubled debt restructurings (“TDRs”). Single guidance to be applied to all modifications when determining whether a modification results in a new receivable or a continuation of an existing receivable; • Requires to use a discounted cash flow (“DCF”) or reconcilable method for measurement of current expected credit losses for modified receivables is removed; where a DCF method is used for the measurement, an effective interest rate (EIR) derived from the modified contractual terms should be applied; • Enhances disclosures by creditors for modifications of receivables from debtors experiencing financial difficulty in the form of principal forgiveness, an interest rate reduction, other-than-insignificant payment delay or term extension; • Augments the current requirements for public business entity creditors to disclose current-period gross write-offs Nomura tentatively plans to adopt the amendments from April 1, 2023 No material financial impact expected unless a significant number of TDRs occur in the future. Certain disclosures about modification of receivables and write-offs will be updated or removed. Pronouncement Summary of new guidance Expected adoption Effect on these by year of origination (i.e., the vintage year) for financing receivables and net investments in leases. |
Summary of accounting policie_2
Summary of accounting policies (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Schedule of estimated useful lives for significant asset classes | The estimated useful lives for significant asset classes are as follows: Office buildings 3 to 50 years Equipment and facilities 2 to 20 years Software 3 to 10 years |
Fair value measurements (Tables
Fair value measurements (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair value of financial assets and financial liabilities measured on recurring basis | The following tables present the amounts of Nomura’s financial instruments measured at fair value on a recurring basis as of March 31, 2021 and 2022 within the fair value hierarchy. Billions of yen March 31, 2021 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting (1) Balance as of March 31, 2021 Assets: Trading assets and private equity and debt investments (2) Equities (3) ¥ 2,338 ¥ 968 ¥ 16 ¥ — ¥ 3,322 Private equity and debt investments (5) — — 58 — 58 Japanese government securities 1,637 — — — 1,637 Japanese agency and municipal securities — 76 2 — 78 Foreign government, agency and municipal securities 2,838 1,987 12 — 4,837 Bank and corporate debt securities and loans for trading purposes — 1,259 135 — 1,394 Commercial mortgage-backed securities (“CMBS”) — 0 8 — 8 Residential mortgage-backed securities (“RMBS”) — 2,387 6 — 2,393 Issued/Guaranteed by government sponsored entity — 2,325 — — 2,325 Other — 62 6 — 68 Real estate-backed securities — 0 106 — 106 Collateralized debt obligations (“CDOs”) and other (6) — 36 23 — 59 Investment trust funds and other 573 29 0 — 602 Total trading assets and private equity and debt investments 7,386 6,742 366 — 14,494 Derivative assets (7) Equity contracts 9 1,318 75 — 1,402 Interest rate contracts 29 9,577 26 — 9,632 Credit contracts 4 427 24 — 455 Foreign exchange contracts 0 4,479 37 — 4,516 Commodity contracts 1 0 — — 1 Netting — — — (14,786 ) (14,786 ) Total derivative assets 43 15,801 162 (14,786 ) 1,220 Subtotal ¥ 7,429 ¥ 22,543 ¥ 528 ¥ (14,786 ) ¥ 15,714 Loans and receivables (8) — 878 104 — 982 Collateralized agreements (9) — 349 18 — 367 Other assets Non-trading 123 304 — — 427 Other (2)(3)(4) 353 173 185 — 711 Total ¥ 7,905 ¥ 24,247 ¥ 835 ¥ (14,786 ) ¥ 18,201 Liabilities: Trading liabilities Equities ¥ 2,341 ¥ 20 ¥ 0 ¥ — ¥ 2,361 Japanese government securities 1,039 — — — 1,039 Japanese agency and municipal securities — 1 — — 1 Foreign government, agency and municipal securities 2,912 1,172 1 — 4,085 Bank and corporate debt securities — 230 5 — 235 Residential mortgage-backed securities (“RMBS”) — 0 — — 0 Collateralized debt obligations (“CDOs”) and other (6) — 0 1 — 1 Investment trust funds and other 243 13 0 — 256 Total trading liabilities 6,535 1,436 7 — 7,978 Derivative liabilities (7) Equity contracts 1 2,112 116 — 2,229 Interest rate contracts 21 8,948 69 — 9,038 Credit contracts 3 458 62 — 523 Foreign exchange contracts — 4,380 22 — 4,402 Commodity contracts 0 0 — — 0 Netting — — — (14,697 ) (14,697 ) Total derivative liabilities 25 15,898 269 (14,697 ) 1,495 Subtotal ¥ 6,560 ¥ 17,334 ¥ 276 ¥ (14,697 ) ¥ 9,473 Short-term borrowings (10) ¥ — ¥ 532 ¥ 103 ¥ — ¥ 635 Payables and deposits (10)(11) — 49 1 — 50 Collateralized financing (9) — 352 1 — 353 Long-term borrowings (10)(12)(13) 5 3,546 547 — 4,098 Other liabilities (14) 231 179 35 — 445 Total ¥ 6,796 ¥ 21,992 ¥ 963 ¥ (14,697 ) ¥ 15,054 Billions of yen March 31, 2022 Level 1 Level 2 Level 3 Counterparty and Cash Collateral Netting (1) Balance as of March 31, 2022 Assets: Trading assets and private equity and debt investments (2) Equities (3) ¥ 2,100 ¥ 1,041 ¥ 14 ¥ — ¥ 3,155 Private equity and debt investments (5) 22 — 32 — 54 Japanese government securities 1,730 — — — 1,730 Japanese agency and municipal securities — 184 2 — 186 Foreign government, agency and municipal securities 3,220 2,010 10 — 5,240 Bank and corporate debt securities and loans for trading purposes — 1,134 220 — 1,354 Commercial mortgage-backed securities (“CMBS”) — 0 7 — 7 Residential mortgage-backed securities (“RMBS”) — 1,450 8 — 1,458 Issued/Guaranteed by government sponsored entity — 1,376 — — 1,376 Other — 74 8 — 82 Real estate-backed securities — 58 79 — 137 Collateralized debt obligations (“CDOs”) and other (6) — 34 26 — 60 Investment trust funds and other 293 23 0 — 316 Total trading assets and private equity and debt investments 7,365 5,934 398 — 13,697 Derivative assets (7) Equity contracts 3 874 97 — 974 Interest rate contracts 120 11,755 63 — 11,938 Credit contracts 12 398 33 — 443 Foreign exchange contracts — 4,777 29 — 4,806 Commodity contracts 1 0 — — 1 Netting — — — (16,608 ) (16,608 ) Total derivative assets 136 17,804 222 (16,608 ) 1,554 Subtotal ¥ 7,501 ¥ 23,738 ¥ 620 ¥ (16,608 ) ¥ 15,251 Loans and receivables (8) — 1,103 205 — 1,308 Collateralized agreements (9) — 282 16 — 298 Other assets Non-trading 117 367 — — 484 Other (2)(3)(4) 146 136 197 — 479 Total ¥ 7,764 ¥ 25,626 ¥ 1,038 ¥ (16,608 ) ¥ 17,820 Liabilities: Trading liabilities Equities ¥ 1,796 ¥ 8 ¥ 0 ¥ — ¥ 1,804 Japanese government securities 1,098 — — — 1,098 Japanese agency and municipal securities — 0 — — 0 Foreign government, agency and municipal securities 3,451 1,328 0 — 4,779 Bank and corporate debt securities — 222 3 — 225 Residential mortgage-backed securities (“RMBS”) — 0 — — 0 Collateralized debt obligations (“CDOs”) and other (6) — 3 0 — 3 Investment trust funds and other 76 0 0 — 76 Total trading liabilities 6,421 1,561 3 — 7,985 Derivative liabilities (7) Equity contracts 2 1,368 87 — 1,457 Interest rate contracts 60 10,826 74 — 10,960 Credit contracts 14 434 66 — 514 Foreign exchange contracts 0 4,795 19 — 4,814 Commodity contracts 0 1 — — 1 Netting — — — (16,079 ) (16,079 ) Total derivative liabilities 76 17,424 246 (16,079 ) 1,667 Subtotal ¥ 6,497 ¥ 18,985 ¥ 249 ¥ (16,079 ) ¥ 9,652 Short-term borrowings (10) ¥ — ¥ 653 ¥ 58 ¥ — ¥ 711 Payables and deposits (10)(11) — 63 8 — 71 Collateralized financing (9) — 516 — — 516 Long-term borrowings (10)(12)(13) 23 4,055 479 — 4,557 Other liabilities (14) 32 155 32 — 219 Total ¥ 6,552 ¥ 24,427 ¥ 826 ¥ (16,079 ) ¥ 15,726 (1) Represents the amount offset under counterparty netting of derivative assets and liabilities as well as cash collateral netting against net derivatives. (2) Certain investments that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and March 31, 2022, the fair values of these investments which are included in Trading assets and private equity and debt investments Other assets—Others (3) Includes equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option. (4) Includes equity investments which comprise listed and unlisted equity securities held for operating purposes in the amounts of (5) Private equity and debt investments non-traded non-trading (6) Includes collateralized loan obligations (“CLOs”) and asset-backed securities (“ABS”) such as those secured on credit card loans, auto loans and student loans. (7) Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument. (8) Includes loans and receivables for which the fair value option has been elected. (9) Includes collateralized agreements or collateralized financing for which the fair value option has been elected. (10) Includes deposits received at banks and structured notes for which the fair value option has been elected. (11) Includes embedded derivatives bifurcated from deposits received at banks. If unrealized gains are greater than unrealized losses, deposits are reduced by the excess amount. (12) Includes embedded derivatives bifurcated from issued structured notes. If unrealized gains are greater than unrealized losses, borrowings are reduced by the excess amount. (13) Includes liabilities recognized from secured financing transactions that are accounted for as financings rather than sales. Nomura elected the fair value option for these liabilities. (14) Includes loan commitments for which the fair value option has been elected. |
Schedule of quantitative and qualitative information regarding significant unobservable inputs and assumptions for certain level 3 financial instruments | March 31, 2021 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships between valuation inputs (6) Assets: Trading assets and private equity and debt investments Equities ¥ 16 DCF Liquidity discounts 75.0% 75.0% Lower fair value Not applicable Private equity and debt investments 58 DCF WACC Liquidity discounts 6.3 – 11.5% 0.0 – 1.0% 7.6 – 8.8% 5.0 – 30.0% 8.4% 0.5% 8.1% 12.8% Lower fair value Higher fair value Lower fair valu Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Liquidity discounts 1.9 – 10.8 x 11.1 x 5.0 – 20.0% 6.5 x 11.1 x 12.2% Higher fair value Higher fair value Lower fair value No predictable interrelationship Foreign government, agency and municipal securities 12 DCF Credit spreads Recovery rates 0.0 – 1.5% 9.2 – 9.3% 0.4% 9.2% Lower fair value Higher fair value No predictable interrelationship Bank and corporate debt securities and loans for trading purposes 135 DCF Credit spreads Recovery rates 0.0 – 23.1% 0.0 – 100.0% 7.4% 73.3% Lower fair value Higher fair value No predictable interrelationship Commercial mortgage backed securities (“CMBS”) 8 DCF Yields Loss severities 4.2 – 10.6% 27.5 – 69.5% 5.0% 50.3% Lower fair value Lower fair value No predictable interrelationship Residential mortgage backed securities (“RMBS”) 6 DCF Yields Prepayment rates Loss severities 0.0 – 14.3% 6.4 – 15.0% 0.8 – 100.0% 1.4% 7.2% 5.8% Lower fair value Lower fair value Lower fair value No predictable interrelationship Real estate-backed securities 106 DCF Loss severities 0.0 – 18.6% 2.4% Lower fair value Not applicable March 31, 2021 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships between valuation inputs (6) Collateralized debt obligations (“CDOs”) and other 23 DCF Yields Prepayment rates Default probabilities Loss severities 5.4 – 35.0% 20.0% 2.0% 77.0 – 100.0% 11.0% 20.0% 2.0% 88.1% Lower fair value Lower fair value Lower fair value Lower fair value Change in default probabilities typically accompanied by directionally similar change in loss severities and opposite change in prepayment rates Derivatives, net: Equity contracts ¥ (41) Option models Dividend yield Volatilities Correlations 0.0 – 9.8% 4.0 – 102.0% (0.80) – 0.98 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship Interest rate contracts (43) DCF/ Option models Interest rates Volatilities Volatilities Correlations 0.1 – 2.3% 9.6 – 13.1% 24.9 94.0 (1.00) – 0.98 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Credit contracts (38) DCF/ Option models Credit spreads Recovery rates Volatilities Correlations 0.0 – 20.8% 0.0 – 100.4% 41.9 – 65.0% 0.29 – 0.72 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Foreign exchange contracts 15 Option models Interest rates Volatilities Volatilities Correlations 0.1 – 2.1% 2.6 – 31.5% 16.2 25.5 (0.25) – 0.80 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Loans and receivables 104 DCF Credit spreads Recovery rates 0.0 – 25.6% 26.4 – 100.0% 6.6% 95.8% Lower fair value Higher fair value No predictable interrelationship Collateralized agreements 18 DCF Repo rate 2.8 – 5.8% 4.0% Lower fair value Not applicable Other assets Other (7) 185 DCF WACC Growth rates Liquidity discounts 9.2% 2.0% 10.0% 9.2% 2.0% 10.0% Lower fair value Higher fair value Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Price/Book ratios Liquidity discounts 5.0 – 6.2 x 8.2 – 32.0 x 0.3 – 1.6 x 10.0 – 40.0% 5.4 x 13.8 x 0.9 x 30.6% Higher fair value Higher fair value Higher fair value Lower fair value Generally changes in multiples result in a corresponding similar directional change in a fair value measurement, assuming earnings levels remain constant. Liabilities: Trading Liabilities Bank and corporate debt securities 5 DCF Recovery rates 3.4 – 3.5% 3.4% Higher fair value Not applicable Short-term borrowings 103 DCF/ Option models Volatilities Correlations 13.8 – 82.3% (0.69) – 0.96 — — Higher fair value Higher fair value No predictable interrelationship Long-term borrowings 547 DCF/ Option models Volatilities Volatilities Correlations 9.5 – 82.3% 29.6 77.0 (1.00) – 0.98 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship March 31, 2022 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships inputs (6) Assets: Trading assets and private equity and debt investments Equities ¥ 14 DCF Liquidity discounts 75.0% 75.0% Lower fair value Not applicable Private equity and debt investments 32 DCF WACC Growth rates Liquidity discounts 7.1 – 13.0% 0.0 – 2.0% 5.0 – 30.0% 10.2% 0.7% 18.5% Lower fair value Higher fair value Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Liquidity discounts 2.0 – 11.2 x 10.7 – 12.6 x 5.0 – 20.0% 6.9 x 11.6 x 11.9% Higher fair value Higher fair value Lower fair value No predictable interrelationship Foreign government, agency and municipal securities 10 DCF Credit spreads Recovery rates 0.0 – 1.3% 6.0% 0.7% 6.0% Lower fair value Higher fair value No predictable interrelationship Bank and corporate debt securities and loans for trading purposes 220 DCF Credit spreads Recovery rates 0.1 – 114.7% 0.0 – 100.0% 7.2% 84.4% Lower fair value Higher fair value No predictable interrelationship Commercial mortgage backed securities (“CMBS”) 7 DCF Yields Loss severities 4.3 – 11.1% 28.3 – 73.0% 4.6% 40.8% Lower fair value Lower fair value No predictable interrelationship Residential mortgage backed securities (“RMBS”) 8 DCF Yields Prepayment rates Loss severities 0.0 – 22.2% 6.9 – 15.0% 0.0 – 99.9% 8.4% 9.5% 6.9% Lower fair value Lower fair value Lower fair value No predictable interrelationship Real estate-backed securities 79 DCF Loss severities 0.0 – 21.2% 2.9% Lower fair value Not applicable Collateralized debt obligations (“CDOs”) and other 26 DCF Yields 5.5 – 27.5% 18.0 – 20.0% 2.0% 0.0 – 100.0% 13.1% 19.5% 2.0% 44.0% Lower fair value Lower fair value Lower fair value Lower fair value Change in default probabilities typically accompanied by directionally similar change in loss severities and opposite change in prepayment rates Derivatives, net: Equity contracts ¥ 10 Option models Dividend yield Volatilities Correlations 0.0 – 12.6% 0.0 – 109.7% (0.80) – 0.97 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship Interest rate contracts (11) DCF/ Option models Interest rates Volatilities Volatilities Correlations 0.3 – 3.3% 9.2 – 13.9% 34.8 128.3 (1.00) – 0.98 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship March 31, 2022 Financial Instrument Fair Valuation technique Significant unobservable Range of valuation inputs (1) Weighted Average (2)(3) Impact of inputs (4)(5) Interrelationships inputs (6) Credit contracts (33) DCF/ Option models Credit spreads Recovery rates Volatilities Correlations 0.0 – 428.7% 0.0 – 90.0% 50.0 – 67.6% 0.00 – 0.90 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Foreign exchange contracts 10 Option models Interest rates Volatilities Volatilities Correlations 0.3 – 2.9% 2.4 – 39.3% 13.9 24.0 (0.25) – 0.84 — — — — Higher fair value Higher fair value Higher fair value Higher fair value No predictable interrelationship Loans and receivables 205 DCF Credit spreads Recovery rates 0.0 – 21.5% 44.0 – 100.0% 6.0% 98.2% Lower fair value Higher fair value No predictable interrelationship Collateralized agreements 16 DCF Repo rate 2.8 – 6.0% 3.6% Lower fair value Not applicable Other assets Other (7) 197 DCF WACC Growth rates Liquidity discounts 10.1% 2.0% 10.0% 10.1% 2.0% 10.0% Lower fair value Higher fair value Lower fair value No predictable interrelationship Market multiples EV/EBITDA ratios PE Ratios Price/Book ratios Liquidity discounts 3.6 – 5.9 x 6.7 – 30.8 x 0.3 – 1.7 x 25.0 – 40.0% 4.4 x 13.1 x 0.9 x 30.6% Higher fair value Higher fair value Higher fair value Lower fair value Generally changes in multiples result in a corresponding similar directional change in a fair value measurement, assuming earnings levels remain constant. Liabilities: Trading Liabilities Bank and corporate debt securities 3 DCF Recovery rates 3.9 – 97.0% 84.1% Higher fair value Not applicable Short-term borrowings 58 DCF/ Option models Volatilities Correlations 5.0 – 97.0% (0.80) – 0.93 — — Higher fair value Higher fair value No predictable interrelationship Payable and deposits 8 DCF/ Option models Volatilities Volatilities Correlations 9.2 – 11.3% 41.2 69.6 0.34 – 0.98 — — — Higher fair value Higher fair value Higher fair value No predictable interrelationship Long-term borrowings 479 DCF DCF/ Option models Loss severities Volatilities Volatilities Correlations 0.0% 5.0 – 97.0% 41.2 69.6 (1.00) – 0.98 0.0% — — — Lower fair value Higher fair value Higher fair value Higher fair value Not applicable No predictable interrelationship Other liabilities 32 DCF Recovery rates 90.0% 90.0% Higher fair value Not applicable (1) Range information is provided in percentages, coefficients and multiples and represents the highest and lowest level significant unobservable valuation input used to value that type of financial instrument. A wide dispersion in the range does not necessarily reflect increased uncertainty or subjectivity in the valuation input and is typically just a consequence of the different characteristics of the financial instruments themselves. (2) Weighted average information for non-derivatives (3) Nomura has not provided weighted average information for derivatives as unlike cash products the risk on such products is distinct from the balance sheet value and is subject to netting. (4) The above table only considers the impact of an increase in each significant unobservable valuation input on the fair value measurement of the financial instrument. However, a decrease in the significant unobservable valuation input would have the opposite effect on the fair value measurement of the financial instrument. For example, if an increase in a significant unobservable valuation input would result in a lower fair value measurement, a decrease in the significant unobservable valuation input would result in a higher fair value measurement. (5) The impact of an increase in the significant unobservable valuation input on the fair value measurement for a derivative assumes Nomura is long risk to the input e.g., long volatility. Where Nomura is short such risk, the impact of an increase would have a converse effect on the fair value measurement of the derivative. (6) Consideration of the interrelationships between significant unobservable valuation inputs is only relevant where more than one unobservable valuation input is used to determine the fair value measurement of the financial instrument. (7) Valuation techniques and unobservable valuation inputs in respect of equity securities reported within Other assets in the consolidated balance sheets. |
Increases and decreases of Level 3 assets and liabilities measured at fair value on recurring basis unrealized and realized gain/losses included in revenue | For the years ended March 31, 2021 and 2022, gains and losses related to Level 3 assets and liabilities did not have a material impact on Nomura’s liquidity and capital resources management. Billions of yen Year ended March 31, 2021 Balance as of April 1, 2020 Total gains (losses) recognized in net (1) Total gains (losses) recognized in other comprehensive income Purchases / (2) Sales / redemptions (2) Settlements Foreign exchange movements Transfers into Level 3 (4)(5) Transfers out of Level 3 (5) Balance as of March 31, 2021 Assets: Trading assets and private equity and debt investments Equities ¥ 14 ¥ 5 ¥ — ¥ 23 ¥ (29 ) ¥ — ¥ 1 ¥ 2 ¥ 0 ¥ 16 Private equity and debt investments 31 11 — 19 (4 ) — 1 — — 58 Japanese agency and municipal securities 2 0 — 0 0 — — 0 0 2 Foreign government, agency and municipal securities 8 1 — 21 (16 ) — 0 5 (7 ) 12 Bank and corporate debt securities and loans for trading purposes 228 1 — 66 (165 ) — 9 31 (35 ) 135 Commercial mortgage-backed securities (“CMBS”) 1 1 — 6 0 — 0 0 0 8 Residential mortgage-backed securities (“RMBS”) 62 0 — 12 (46 ) — 1 — (23 ) 6 Real estate-backed securities 94 (5 ) — 170 (155 ) — 2 — 0 106 Collateralized debt obligations (“CDOs”) and other 32 0 — 102 (104 ) — 0 0 (7 ) 23 Investment trust funds and other 0 0 — 16 (16 ) — 0 0 — 0 Total trading assets and private equity and debt investments 472 14 — 435 (535 ) — 14 38 (72 ) 366 Derivatives, net (3) Equity contracts 19 (43 ) — — — (26 ) 0 20 (11 ) (41 ) Interest rate contracts (54 ) 16 — — — (6 ) 1 (3 ) 3 (43 ) Credit contracts (1 ) (19 ) — — — (14 ) (1 ) (4 ) 1 (38 ) Foreign exchange contracts 7 20 — — — (15 ) 1 (2 ) 4 15 Total derivatives, net (29 ) (26 ) — — — (61 ) 1 11 (3 ) (107 ) Subtotal ¥ 443 ¥ (12 ) ¥ — ¥ 435 ¥ (535 ) ¥ (61 ) ¥ 15 ¥ 49 ¥ (75 ) ¥ 259 Loans and receivables ¥ 96 ¥ 2 ¥ — ¥ 42 ¥ (69 ) ¥ — ¥ 7 ¥ 41 ¥ (15 ) ¥ 104 Collateralized agreements 15 (1 ) — — (1 ) — 0 5 — 18 Other assets Other 168 47 0 4 (39 ) — 5 — 0 185 Total ¥ 722 ¥ 36 ¥ 0 ¥ 481 ¥ (644 ) ¥ (61 ) ¥ 27 ¥ 95 ¥ (90 ) ¥ 566 Liabilities: Trading liabilities Equities ¥ 0 ¥ 0 ¥ — ¥ 1 ¥ (1 ) ¥ — ¥ 0 ¥ 0 ¥ 0 ¥ 0 Foreign government, agency and municipal securities 0 0 — 0 0 — 1 — — 1 Bank and corporate debt securities 1 0 — 4 (1 ) — 0 2 (1 ) 5 Collateralized debt obligations (“CDOs”) and other 1 1 — 11 (10 ) — 0 — — 1 Investment trust funds and other 0 0 — 0 0 — 0 — — 0 Total trading liabilities ¥ 2 ¥ 1 ¥ — ¥ 16 ¥ (12 ) ¥ — ¥ 1 ¥ 2 ¥ (1 ) ¥ 7 Short-term borrowings 29 (5 ) 0 220 (137 ) — 0 13 (27 ) 103 Payables and deposits 1 0 0 0 0 — — 1 (1 ) 1 Collateralized financing — (1 ) — — — — 0 — — 1 Long-term borrowings 409 (35 ) (1 ) 343 (284 ) — 0 111 (68 ) 547 Other liabilities 0 (2 ) — 33 0 — 0 1 (1 ) 35 Total ¥ 441 ¥ (42 ) ¥ (1 ) ¥ 612 ¥ (433 ) ¥ — ¥ 1 ¥ 128 ¥ (98 ) ¥ 694 Billions of yen Year ended March 31, 2022 Balance as of April 1, 2021 Total gains (losses) recognized in net (1) Total gains (losses) recognized in other comprehensive income Purchases / (2) Sales / redemptions (2) Settlements Foreign exchange movements Transfers into Level 3 (4)(5) Transfers out of Level 3 (5) Balance as of March 31, 2022 Assets: Trading assets and private equity and debt investments Equities ¥ 16 ¥ 3 ¥ — ¥ 2 ¥ (9 ) ¥ — ¥ 1 ¥ 3 ¥ (2 ) ¥ 14 Private equity and debt investments 58 2 — 14 (30 ) — 1 — (13 ) 32 Japanese agency and municipal securities 2 0 — 0 0 — — — — 2 Foreign government, agency and municipal securities 12 1 — 13 (16 ) — 0 2 (2 ) 10 Bank and corporate debt securities and loans for trading purposes 135 (3 ) — 207 (194 ) — 16 89 (30 ) 220 Commercial mortgage-backed securities (“CMBS”) 8 0 — 0 (1 ) — 0 — 0 7 Residential mortgage-backed securities (“RMBS”) 6 0 — 5 (4 ) — 1 0 — 8 Real estate-backed securities 106 4 — 370 (395 ) — 10 — (16 ) 79 Collateralized debt obligations (“CDOs”) and other 23 (4 ) — 96 (89 ) — 1 — (1 ) 26 Investment trust funds and other 0 0 — 16 (16 ) — 0 0 — 0 Total trading assets and private equity and debt investments 366 3 — 723 (754 ) — 30 94 (64 ) 398 Derivatives, net (3) Equity contracts (41 ) 43 — — — 3 (1 ) (31 ) 37 10 Interest rate contracts (43 ) (7 ) — — — 13 0 14 12 (11 ) Credit contracts (38 ) 6 — — — 2 (2 ) (2 ) 1 (33 ) Foreign exchange contracts 15 (1 ) — — — (4 ) 1 0 (1 ) 10 Total derivatives, net (107 ) 41 — — — 14 (2 ) (19 ) 49 (24 ) Subtotal ¥ 259 ¥ 44 ¥ — ¥ 723 ¥ (754 ) ¥ 14 ¥ 28 ¥ 75 ¥ (15 ) ¥ 374 Loans and receivables ¥ 104 ¥ 18 ¥ — ¥ 95 ¥ (89 ) ¥ — ¥ 16 ¥ 73 ¥ (12 ) ¥ 205 Collateralized agreements 18 (1 ) — 2 (5 ) — 2 — — 16 Other assets Other 185 (2 ) 0 2 (1 ) — 14 0 (1 ) 197 Total ¥ 566 ¥ 59 ¥ 0 ¥ 822 ¥ (849 ) ¥ 14 ¥ 60 ¥ 148 ¥ (28 ) ¥ 792 Liabilities: Trading liabilities Equities ¥ 0 ¥ 0 ¥ — ¥ 0 ¥ 0 ¥ — ¥ 0 ¥ — ¥ 0 ¥ 0 Foreign government, agency and municipal securities 1 0 — 0 (1 ) — 0 — — 0 Bank and corporate debt securities 5 0 — 5 (6 ) — (1 ) 8 (8 ) 3 Collateralized debt obligations (“CDOs”) and other 1 0 — 2 (3 ) — 0 0 — 0 Investment trust funds and other 0 0 — 0 0 — 0 — — 0 Total trading liabilities ¥ 7 ¥ 0 ¥ — ¥ 7 ¥ (10 ) ¥ — ¥ (1 ) ¥ 8 ¥ (8 ) ¥ 3 Short-term borrowings 103 (8 ) 0 152 (136 ) — 1 15 (85 ) 58 Payables and deposits 1 0 0 2 — — — 7 (2 ) 8 Collateralized financing 1 — — — — — — — (1 ) — Long-term borrowings 547 (6 ) 2 487 (409 ) — 1 41 (192 ) 479 Other liabilities 35 (26 ) — 1 (36 ) — 6 0 0 32 Total ¥ 694 ¥ (40 ) ¥ 2 ¥ 649 ¥ (591 ) ¥ — ¥ 7 ¥ 71 ¥ (288 ) ¥ 580 (1) Includes gains and losses reported primarily within Net gain on trading, Gain on private equity and debt investments, Gain (loss) on investments in equity securities, Revenue — Other Non-interest — Other, Interest and dividends Interest expense (2) Amounts reported in Purchases / issues Sales / redemptions (3) Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument. (4) Amounts of gains and losses on these transfers which were recognized in the period when the Transfers into Level 3 (5) Transfers into Level 3 Transfers out of Level 3 Quantitative and qualitative information regarding significant unobservable Valuation inputs |
Fair value, level 3 assets and liabilities measured on recurring basis, unrealized gains (losses) | Billions of yen March 31 2021 2022 Unrealized gains / (losses) (1) Assets: Trading assets and private equity and debt investments Equities ¥ 4 ¥ 2 Private equity and debt investments 12 1 Japanese agency and municipal securities 0 0 Foreign government, agency and municipal securities 1 0 Bank and corporate debt securities and loans for trading purposes (1 ) (2 ) Commercial mortgage-backed securities (“CMBS”) 0 0 Residential mortgage-backed securities (“RMBS”) 0 0 Real estate-backed securities (3 ) 1 Collateralized debt obligations (“CDOs”) and other (3 ) (7 ) Investment trust funds and other 0 0 Total trading assets and private equity and debt investments 10 (5 ) Derivatives, net (2) Equity contracts (66 ) 46 Interest rate contracts 16 0 Credit contracts (21 ) 5 Foreign exchange contracts 19 (13 ) Total derivatives, net (52 ) 38 Subtotal ¥ (42 ) ¥ 33 Loans and receivables (3 ) 16 Collateralized agreements (1 ) 0 Other assets Other 41 (2 ) Total ¥ (5 ) ¥ 47 Billions of yen March 31 2021 2022 Unrealized gains / (losses) (1) Liabilities: Trading liabilities Equities ¥ 0 ¥ 0 Foreign government, agency and municipal securities 0 0 Bank and corporate debt securities 0 0 Collateralized debt obligations (“CDOs”) and other 0 0 Total trading liabilities ¥ 0 ¥ 0 Short-term borrowings (3) 4 2 Payables and deposits (3) 0 0 Collateralized financing (3) 0 — Long-term borrowings (3) (17 ) 18 Other liabilities 5 (7 ) Total ¥ (8 ) ¥ 13 (1) Includes gains and losses reported within Net gain on trading, Gain on private equity and debt investments Gain on investments in equity securities, Revenue — Other Non-interest —Other, Interest and dividends Interest expense (2) Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument. (3) Includes changes in unrealized gains and losses in Other comprehensive income (loss) |
Information on investments where net asset value per share is calculated | The following tables present information on these investments where NAV per share is calculated or disclosed as of March 31, 2021 and 2022. Investments are presented by major category relevant to the nature of Nomura’s business and risks. Billions of yen March 31, 2021 Fair Unfunded commitments (1) Redemption frequency (if currently eligible) (2) Redemption notice (3) Hedge funds ¥ 2 ¥ — Monthly Same day Venture capital funds 4 2 — — Private equity funds 18 21 — — Real estate funds 4 1 — — Total ¥ 28 ¥ 24 Billions of yen March 31, 2022 Fair Unfunded commitments (1) Redemption frequency (if currently eligible) (2) Redemption notice (3) Hedge funds ¥ 12 ¥ 1 Monthly Same day- 30 Venture capital funds 10 10 — — Private equity funds 22 19 — — Real estate funds 4 1 — — Total ¥ 48 ¥ 31 (1) The contractual amount of any unfunded commitments Nomura is required to make to the entities in which the investment is held. (2) The range in frequency with which Nomura is permitted to redeem investments. (3) The range in notice period required to be provided before redemption is possible. |
Gains (losses) due to changes in fair value for financial instruments measured at fair value using fair value option | Billions of yen Year ended March 31 2020 2021 2022 Gains/(Losses) (1) Assets: Trading assets and private equity and debt investments (2) Trading assets ¥ 1 ¥ 2 ¥ 1 Private equity and debt investments (1 ) 0 6 Loans and receivables 2 7 39 Collateralized agreements (3) 4 5 (1 ) Other assets (2) (16 ) 51 (3 ) Total ¥ (10 ) ¥ 65 ¥ 42 Liabilities: Short-term borrowings (4) ¥ 64 ¥ (83 ) ¥ 60 Payables and deposits 0 3 4 Collateralized financing (3) (2 ) 9 3 Long-term borrowings (4)(5) 58 (194 ) 275 Other liabilities (6) 2 3 4 Total ¥ 122 ¥ (262 ) ¥ 346 (1) Includes gains and losses reported primarily within Revenue—Net gain on trading Revenue — Other (2) Includes equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option. (3) Includes reverse repurchase and repurchase agreements. (4) Includes structured notes and other financial liabilities. (5) Includes secured financing transactions arising from transfers of financial assets which did not meet the criteria for sales accounting. (6) Includes unfunded written loan commitments. |
Schedule of impact of changes in its own creditworthiness on certain financial liabilities | Billions of Yen Year ended March 31 2021 2022 Changes recognized as a credit (debit) to other comprehensive income ¥ (88 ) ¥ 60 Credit (debit) amounts reclassified to earnings (10 ) 1 Cumulative credit (debit) balance recognized in accumulated other comprehensive income (11 ) 49 |
Geographic allocations of trading assets related to government, agency, municipal securities | Billions of yen March 31, 2021 Japan U.S. EU & U.K. Other Total (1) Government, agency and municipal securities ¥ 1,715 ¥ 1,888 ¥ 2,329 ¥ 620 ¥ 6,552 Billions of yen March 31, 2022 Japan U.S. EU & U.K. Other Total (1) Government, agency and municipal securities ¥ 1,916 ¥ 2,368 ¥ 2,151 ¥ 721 ¥ 7,156 (1) Other than above, there were ¥299 billion and ¥331 billion of government, agency and municipal securities reported within Other assets — Non-trading |
Carrying values, fair values and classification within the fair value hierarchy for certain classes of financial instrument | The following tables present carrying values, fair values and classification within the fair value hierarchy for certain classes of financial instrument of which a portion of the ending balance was carried at fair value as of March 31, 2021 and 2022. Billions of yen March 31, 2021 (1) Fair value by level Carrying value Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents ¥ 3,510 ¥ 3,510 ¥ 3,510 ¥ — ¥ — Time deposits 281 281 — 281 — Deposits with stock exchanges and other segregated cash 374 374 — 374 — Loans receivable (2) 2,937 2,937 — 2,120 817 Securities purchased under agreements to resell 10,775 10,775 — 10,757 18 Securities borrowed 5,264 5,264 — 5,264 — Total ¥ 23,141 ¥ 23,141 ¥ 3,510 ¥ 18,796 ¥ 835 Liabilities: Short-term borrowings ¥ 1,368 ¥ 1,368 ¥ — ¥ 1,265 ¥ 103 Deposits received at banks 1,342 1,343 — 1,342 1 Securities sold under agreements to repurchase 13,360 13,360 — 13,360 0 Securities loaned 1,381 1,381 — 1,381 — Other secured borrowings 393 393 — 393 — Long-term borrowings 7,975 7,978 5 7,370 603 Total ¥ 25,819 ¥ 25,823 ¥ 5 ¥ 25,111 ¥ 707 Billions of yen March 31, 2022 (1) Fair value by level Carrying value Fair Level 1 Level 2 Level 3 Assets: Cash and cash equivalents ¥ 3,316 ¥ 3,316 ¥ 3,316 ¥ — ¥ — Time deposits 321 321 — 321 — Deposits with stock exchanges and other segregated cash 427 427 — 427 — Loans receivable (2) 3,515 3,515 — 2,461 1,054 Securities purchased under agreements to resell 11,879 11,879 — 11,863 16 Securities borrowed 4,997 4,994 — 4,994 — Total ¥ 24,455 ¥ 24,452 ¥ 3,316 ¥ 20,066 ¥ 1,070 Liabilities: Short-term borrowings ¥ 1,050 ¥ 1,050 ¥ — ¥ 993 ¥ 57 Deposits received at banks 1,761 1,761 — 1,752 9 Securities sold under agreements to repurchase 12,575 12,575 — 12,575 0 Securities loaned 1,567 1,568 — 1,568 — Other secured borrowings 396 396 — 396 — Long-term borrowings 9,258 9,236 23 8,688 525 Total ¥ 26,607 ¥ 26,586 ¥ 23 ¥ 25,972 ¥ 591 (1) Includes financial instruments which are carried at fair value on a recurring basis. (2) Carrying values are shown after deducting relevant allowances for credit losses. |
Derivative instruments and he_2
Derivative instruments and hedging activities (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities [Abstract] | |
Significant concentration of exposures to credit risk in OTC derivatives | Billions of yen March 31, 2021 Gross fair value of derivative assets Impact of master netting agreements Impact of collateral Net exposure to credit risk Financial institutions ¥ 13,474 ¥ (11,473 ) ¥ (1,500 ) ¥ 501 Billions of yen March 31, 2022 Gross fair value of derivative assets Impact of master netting agreements Impact of collateral Net exposure to credit risk Financial institutions ¥ 15,667 ¥ (13,193 ) ¥ (1,669 ) ¥ 805 |
Volume of derivative activity in statement of financial position | Billions of yen March 31, 2021 Derivative assets Derivative liabilities Total notional (1) Fair value Fair value (1) Derivatives used for trading and non-trading (2) Equity contracts ¥ 40,396 ¥ 1,402 ¥ 2,229 Interest rate contracts 2,524,407 9,617 9,023 Credit contracts 38,850 455 523 Foreign exchange contracts 351,662 4,511 4,402 Commodity contracts 334 1 0 Total ¥ 2,955,649 ¥ 15,986 ¥ 16,177 Derivatives designated as formal fair value or net investment accounting hedges: Interest rate contracts ¥ 1,168 ¥ 15 ¥ 14 Foreign exchange contracts 130 5 — Total ¥ 1,298 ¥ 20 ¥ 14 Total derivatives ¥ 2,956,947 ¥ 16,006 ¥ 16,191 Billions of yen March 31, 2022 Derivative assets Derivative liabilities Total notional (1) Fair value Fair value (1) Derivatives used for trading and non-trading (2) Equity contracts ¥ 34,526 ¥ 974 ¥ 1,457 Interest rate contracts 2,769,546 11,938 10,865 Credit contracts 37,572 443 514 Foreign exchange contracts 314,763 4,804 4,814 Commodity contracts 300 1 1 Total ¥ 3,156,707 ¥ 18,160 ¥ 17,651 Derivatives designated as formal fair value or net investment accounting hedges: Interest rate contracts ¥ 2,166 ¥ — ¥ 88 Foreign exchange contracts 145 2 — Total ¥ 2,311 ¥ 2 ¥ 88 Total derivatives ¥ 3,159,018 ¥ 18,162 ¥ 17,739 (1) Includes the amount of embedded derivatives bifurcated in accordance with ASC 815. (2) As of March 31, 2021 and 2022, the amounts reported include derivatives used for non-trading |
Offsetting of derivatives instruments and related collateral amounts | Billions of yen Billions of yen March 31, 2021 March 31, 2022 Derivative assets Derivative liabilities (1) Derivative assets Derivative liabilities (1) Equity contracts OTC settled bilaterally ¥ 904 ¥ 1,439 ¥ 709 ¥ 1,054 Exchange-traded 498 790 265 403 Interest rate contracts OTC settled bilaterally 8,456 7,871 9,486 8,584 OTC centrally-cleared 1,147 1,146 2,332 2,309 Exchange-traded 29 20 120 60 Credit contracts OTC settled bilaterally 169 251 208 276 OTC centrally-cleared 282 269 223 224 Exchange-traded 4 3 12 14 Foreign exchange contracts OTC settled bilaterally 4,516 4,402 4,806 4,814 Commodity contracts OTC settled bilaterally 0 0 1 1 Exchange-traded 1 0 0 0 Total gross derivative balances (2) ¥ 16,006 ¥ 16,191 ¥ 18,162 ¥ 17,739 Less: Amounts offset in the consolidated balance sheets (3) (14,786 ) (14,697 ) (16,608 ) (16,079 ) Total net amounts reported on the face of the consolidated balance sheets (4) ¥ 1,220 ¥ 1,494 ¥ 1,554 ¥ 1,660 Less: Additional amounts not offset in the consolidated balance sheets (5) Financial instruments and non-cash ¥ (240 ) ¥ (310 ) ¥ (432 ) ¥ (134 ) Net amount ¥ 980 ¥ 1,184 ¥ 1,122 ¥ 1,526 (1) Includes the amount of embedded derivatives bifurcated in accordance with ASC 815. (2) Includes all gross derivative asset and liability balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. As of March 31, 2021, the gross balance of derivative assets and derivative liabilities which are not documented under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability was ¥392 billion and ¥589 billion, respectively. As of March 31, 2022, the gross balance of such derivative assets and derivative liabilities was ¥458 billion and ¥671 billion, respectively. (3) Represents amounts offset through counterparty offsetting of derivative assets and liabilities as well as cash collateral offsetting against net derivatives under master netting and similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 815. As of March 31, 2021, Nomura offset a total of ¥1,594 billion of cash collateral receivables against net derivative liabilities and ¥1,683 billion of cash collateral payables against net derivative assets. As of March 31, 2022, Nomura offset a total of ¥1,431 billion of cash collateral receivables against net derivative liabilities and ¥1,960 billion of cash collateral payables against net derivative assets. (4) Net derivative assets and net derivative liabilities are generally reported within Trading assets and private equity and debt investments — Trading assets Trading liabilities Short-term borrowings Long-term borrowings (5) Represents amounts which are not permitted to be offset on the consolidated balance sheets in accordance with ASC 210-20 |
Derivative amounts included in consolidated statements of income | The following table presents amounts included in the consolidated statements of income for the years ended March 31, 2020, 2021 and 2022 related to derivatives used for trading and non-trading Billions of yen Year ended March 31 2020 2021 2022 Derivatives used for trading and non-trading (1) Equity contracts ¥ 93 ¥ 26 ¥ (36 ) Interest rate contracts (192 ) 254 198 Credit contracts (118 ) (90 ) (118 ) Foreign exchange contracts 57 (11 ) 27 Commodity contracts (1 ) 50 87 Total ¥ (161 ) ¥ 229 ¥ 158 (1) Includes net gains (losses) on derivatives used for non-trading non-trading |
Schedule of carrying value hedged items | Billions of yen Balance sheet line Carrying amount of the hedged Cumulative gains of fair value Cumulative amount of fair value March 31, 2021 March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021 March 31, 2022 Long-term borrowings ¥ 1,164 ¥ 2,075 ¥ 2 ¥ 90 ¥ 0 ¥ 0 Total ¥ 1,164 ¥ 2,075 ¥ 2 ¥ 90 ¥ 0 ¥ 0 |
Fair value hedges | The following table presents amounts included in the consolidated statements of income for the years ended March 31, 2020, 2021 and 2022 related to derivatives designated as fair value hedges by type of underlying derivative contract and the nature of the hedged item. Billions of yen Year ended March 31 2020 2021 2022 Derivatives designated as fair value hedging instruments: Interest rate contracts ¥ (26 ) ¥ 29 ¥ 85 Total ¥ (26 ) ¥ 29 ¥ 85 Billions of yen Year ended March 31 2020 2021 2022 Hedged items in fair value hedges: Long-term borrowings ¥ 26 ¥ (29 ) ¥ (85 ) Total ¥ 26 ¥ (29 ) ¥ (85 ) |
Net investment hedges | The following table presents gains (losses) from derivatives designated as net investment hedges included in the consolidated statements of comprehensive income for the years ended March 31, 2020, 2021 and 2022. Billions of yen Year ended March 31 2020 2021 2022 Net investment hedging instruments: Foreign exchange contracts ¥ 2 ¥ (7 ) ¥ 7 Total ¥ 2 ¥ (7 ) ¥ 7 |
Written credit derivatives and purchased credit protection | Billions of yen March 31, 2021 Carrying value (Asset) / Liability (1) Maximum potential payout/Notional Notional Years to maturity Purchased credit protection Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Single-name credit default swaps ¥ (80 ) ¥ 7,035 ¥ 1,318 ¥ 2,297 ¥ 2,642 ¥ 778 ¥ 5,452 Credit default swap indices (246 ) 10,235 1,271 4,065 3,989 910 7,737 Other credit risk related portfolio products 10 396 73 180 131 12 280 Credit-risk related options and swaptions 0 39 — — 39 — 33 Total ¥ (316 ) ¥ 17,705 ¥ 2,662 ¥ 6,542 ¥ 6,801 ¥ 1,700 ¥ 13,502 Billions of yen March 31, 2022 Carrying value (Asset) / Liability (1) Maximum potential payout/Notional Notional Years to maturity Purchased credit protection Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Single-name credit default swaps ¥ 19 ¥ 7,708 ¥ 1,339 ¥ 2,915 ¥ 2,448 ¥ 1,006 ¥ 5,688 Credit default swap indices (140 ) 10,015 2,045 4,189 3,257 524 7,494 Other credit risk related portfolio products 19 419 56 286 63 14 293 Credit-risk related options and swaptions 0 115 — — 88 27 68 Total ¥ (102 ) ¥ 18,257 ¥ 3,440 ¥ 7,390 ¥ 5,856 ¥ 1,571 ¥ 13,543 (1) Carrying value amounts are shown on a gross basis prior to cash collateral or counterparty offsetting. Asset balances represent positive fair value amounts caused by tightening of credit spreads of underlyings since inception of the credit derivatives. |
Written credit derivatives by external credit rating of underlying asset | Billions of yen March 31, 2021 Maximum potential payout/Notional AAA AA A BBB BB Other (1) Total Single-name credit default swaps ¥ 198 ¥ 1,218 ¥ 1,887 ¥ 2,098 ¥ 753 ¥ 881 ¥ 7,035 Credit default swap indices 114 128 1,880 6,294 1,415 404 10,235 Other credit risk-related portfolio products — — 4 237 58 97 396 Credit risk-related options and swaptions — — — 32 7 — 39 Total ¥ 312 ¥ 1,346 ¥ 3,771 ¥ 8,661 ¥ 2,233 ¥ 1,382 ¥ 17,705 Billions of yen March 31, 2022 Maximum potential payout/Notional AAA AA A BBB BB Other (1) Total Single-name credit default swaps ¥ 192 ¥ 1,485 ¥ 2,164 ¥ 2,057 ¥ 869 ¥ 941 ¥ 7,708 Credit default swap indices 105 215 3,369 5,012 988 326 10,015 Other credit risk-related portfolio products — — 28 226 47 118 419 Credit risk-related options and swaptions — — 61 27 27 — 115 Total ¥ 297 ¥ 1,700 ¥ 5,622 ¥ 7,322 ¥ 1,931 ¥ 1,385 ¥ 18,257 (1) Other includes credit derivatives where the credit rating of the underlying reference asset is below investment grade or where a credit rating is unavailable. |
Revenue from services provide_2
Revenue from services provided to customers (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Revenue from Contract with Customer [Abstract] | |
Revenues by types of service | The following table presents revenue earned by Nomura from providing services to customers by relevant line item in the consolidated statements of income for the years ended March 31, 2020, 2021 and 2022. Millions of yen Year ended March 31 2020 2021 2022 Commissions ¥ 308,805 ¥ 376,897 ¥ 332,344 Fees from investment banking 103,222 108,681 149,603 Asset management and portfolio service fees 238,202 230,047 269,985 Other revenue 49,901 44,235 38,863 Total ¥ 700,130 ¥ 759,860 ¥ 790,795 |
Schedule Of Disaggregation Of Brokerage Commissions Revenue | Commissions Commissions Millions of yen Year ended March 31 2020 2021 2022 Brokerage commissions ¥ 196,491 ¥ 262,286 ¥ 236,353 Fund unit distribution fees 66,664 68,794 43,695 Other commissions 45,650 45,817 52,296 Total ¥ 308,805 ¥ 376,897 ¥ 332,344 |
Schedule Of Disaggregation Of Investment Banking Revenue | The following table shows the breakdown of Fees from investment banking Millions of yen Year ended March 31 2020 2021 2022 Equity underwriting and distribution fees ¥ 13,958 ¥ 30,647 ¥ 33,113 Debt underwriting and distribution fees 25,546 23,120 29,812 Financial advisory fees 41,646 37,760 64,240 Other fees 22,072 17,154 22,438 Total ¥ 103,222 ¥ 108,681 ¥ 149,603 |
Schedule Of Disaggregation Of Asset Management Fees And Custody Fee | The following table shows the breakdown of Asset management and portfolio service fees Millions of yen Year ended March 31 2020 2021 2022 Asset management fees ¥ 159,494 ¥ 150,218 ¥ 171,056 Administration fees 62,619 63,215 79,572 Custodial fees 16,089 16,614 19,357 Total ¥ 238,202 ¥ 230,047 ¥ 269,985 |
Customer contract receivables, customer contract assets and customer contract liabilities | The following table presents the balances of customer contract receivables and contract liabilities in scope of ASC 606. The amount of contract assets as of March 31, 2021 and 2022 was not significant. Millions of yen March 31, 2021 March 31, 2022 Customer contract receivables ¥ 85,205 ¥ 88,621 Contract liabilities (1) 3,497 3,834 (1) Contract liabilities primarily rise from investment advisory services and are recognized over the term of the contract based on time elapsed. |
Collateralized transactions (Ta
Collateralized transactions (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Collateralized Transactions | |
Offsetting of the transactions in the consolidated balance sheets | Billions of yen March 31, 2021 Assets Liabilities Reverse repurchase agreements Securities borrowing transactions Repurchase agreements Securities lending transactions Total gross balance (1) ¥ 31,568 ¥ 5,241 ¥ 34,154 ¥ 1,781 Less: Amounts offset in the consolidated balance sheets (2) (20,793 ) — (20,794 ) — Total net amounts of reported on the face of the consolidated balance sheets (3) ¥ 10,775 ¥ 5,241 ¥ 13,360 ¥ 1,781 Less: Additional amounts not offset in the consolidated balance sheets (4) Financial instruments and non-cash (9,390 ) (3,211 ) (9,448 ) (1,488 ) Cash collateral (1 ) — (1 ) — Net amount ¥ 1,384 ¥ 2,030 ¥ 3,911 ¥ 293 Billions of yen March 31, 2022 Assets Liabilities Reverse repurchase agreements Securities borrowing transactions Repurchase agreements Securities lending transactions Total gross balance (1) ¥ 31,365 ¥ 4,994 ¥ 32,061 ¥ 1,734 Less: Amounts offset in the consolidated balance sheets (2) (19,486 ) — (19,486 ) — Total net amounts of reported on the face of the consolidated balance sheets (3) ¥ 11,879 ¥ 4,994 ¥ 12,575 ¥ 1,734 Less: Additional amounts not offset in the consolidated balance sheets (4) Financial instruments and non-cash (9,370 ) (3,372 ) (9,114 ) (1,524 ) Cash collateral (8 ) — (12 ) — Net amount ¥ 2,501 ¥ 1,622 ¥ 3,449 ¥ 210 (1) Include all recognized balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. Amounts include transactions carried at fair value through election of the fair value option. As of March 31, 2021, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥480 billion and ¥2,653 billion, respectively. As of March 31, 2021, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥1,947 billion and ¥213 billion, respectively. As of March 31, 2022, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥793 billion and ¥2,453 billion, respectively. As of March 31, 2022, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥1,511 billion and ¥158 billion, respectively. (2) Represent amounts offset through counterparty netting under master netting or similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 210-20. (3) Reverse repurchase agreements and securities borrowing transactions are reported within Collateralized agreements — Securities purchased under agreements to resell Collateralized agreements — Securities borrowed Collateralized financing — Securities sold under agreements to repurchase Collateralized financing — Securities loaned Other liabilities (4) Represent amounts which are not permitted to be offset on the face of the balance sheet in accordance with ASC 210-20 |
Maturity analysis of repurchase agreements and securities lending transactions | Billions of yen March 31, 2021 Overnight and open (1) Up to 30 days 30 - 90 days 90 days - Greater than 1 year Total Repurchase agreements ¥ 13,837 ¥ 16,452 ¥ 1,991 ¥ 1,590 ¥ 284 ¥ 34,154 Securities lending transactions 872 351 291 266 1 1,781 Total gross recognized liabilities (2) ¥ 14,709 ¥ 16,803 ¥ 2,282 ¥ 1,856 ¥ 285 ¥ 35,935 Billions of yen March 31, 2022 Overnight and open (1) Up to 30 days 30 - 90 days 90 days - Greater than 1 year Total Repurchase agreements ¥ 12,266 ¥ 15,454 ¥ 2,220 ¥ 1,611 ¥ 510 ¥ 32,061 Securities lending transactions 992 242 200 277 23 1,734 Total gross recognized liabilities (2) ¥ 13,258 ¥ 15,696 ¥ 2,420 ¥ 1,888 ¥ 533 ¥ 33,795 (1) Open transactions do not have an explicit contractual maturity date and are terminable on demand by Nomura or the counterparty. (2) Repurchase agreements and securities lending transactions are reported within Collateralized financing — Securities sold under agreements to repurchase Collateralized financing — Securities loaned Other liabilities |
Securities transferred in repurchase agreements and securities lending transactions | Billions of yen March 31, 2021 Repurchase agreements Securities lending transactions Total Equities and convertible securities ¥ 724 ¥ 1,600 ¥ 2,324 Japanese government, agency and municipal securities 1,168 0 1,168 Foreign government, agency and municipal securities 27,531 8 27,539 Bank and corporate debt securities 1,926 117 2,043 Commercial mortgage-backed securities (“CMBS”) 6 — 6 Residential mortgage-backed securities (“RMBS”) (1) 2,532 — 2,532 Collateralized debt obligations (“CDOs”) and other 223 — 223 Investment trust funds and other 44 56 100 Total gross recognized liabilities (2) ¥ 34,154 ¥ 1,781 ¥ 35,935 Billions of yen March 31, 2022 Repurchase agreements Securities lending transactions Total Equities and convertible securities ¥ 384 ¥ 1,508 ¥ 1,892 Japanese government, agency and municipal securities 879 1 880 Foreign government, agency and municipal securities 26,436 17 26,453 Bank and corporate debt securities 2,322 175 2,497 Commercial mortgage-backed securities (“CMBS”) 1 — 1 Residential mortgage-backed securities (“RMBS”) (1) 1,846 — 1,846 Collateralized debt obligations (“CDOs”) and other 157 — 157 Investment trust funds and other 36 33 69 Total gross recognized liabilities (2) ¥ 32,061 ¥ 1,734 ¥ 33,795 (1) Includes billion of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations as of March 31, 2021. Includes billion of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations as of March 31, 2022. (2) Repurchase agreements and securities lending transactions are reported within Collateralized financing — Securities sold under agreements to repurchase Collateralized financing — Securities loaned Other liabilities |
Fair value of securities received as collateral available to sell or repledge | Billions of yen March 31 2021 2022 The fair value of securities received as collateral, securities borrowed as collateral and securities borrowed without collateral where Nomura is permitted by contract or custom to sell or repledge the securities ¥ 50,466 ¥ 48,234 The portion of the above that has been sold (as reported within Trading liabilities 38,342 36,146 |
Assets owned, pledged as collateral | Millions of yen March 31 2021 2022 Trading assets: Equities and convertible securities ¥ 239,393 ¥ 368,235 Government and government agency securities 1,064,164 1,178,011 Bank and corporate debt securities 32,262 27,899 Residential mortgage-backed securities (“RMBS”) 1,790,395 868,183 Collateralized debt obligations (“CDOs”) and other (1) 32,081 9,548 Investment trust funds and other 43,805 36,661 ¥ 3,202,100 ¥ 2,488,537 Non-trading (2) 115,659 163,445 Investments in and advances to affiliated companies (3) ¥ 4,136 ¥ 12,832 (1) Includes CLOs and ABS such as those secured on credit card loans, auto loans and student loans. (2) Non-trading (3) Investments in and advances to affiliated companies primarily comprise shares in NRI. |
Assets subject to lien | Millions of yen March 31 2021 2022 Loans and receivables ¥ 114,051 ¥ 235,875 Trading assets and private equity and debt investments 1,344,361 1,416,279 Office buildings, land, equipment and facilities 5,076 4,841 Non-trading 1,047 2,827 Investments in and advances to affiliated companies — 3 Other 5,823 497 ¥ 1,470,358 ¥ 1,660,322 |
Securitizations and Variable _2
Securitizations and Variable Interest Entities (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Securitizations and Variable Interest Entities [Abstract] | |
Fair value of retained interests | Billions of yen March 31, 2021 Level 1 Level 2 Level 3 Total Investment grade Other Government, agency and municipal securities ¥ — ¥ 154 ¥ — ¥ 154 ¥ 154 ¥ — Bank and corporate debt securities — — — — — — CMBS and RMBS — — 6 6 0 6 Total ¥ — ¥ 154 ¥ 6 ¥ 160 ¥ 154 ¥ 6 Billions of yen March 31, 2022 Level 1 Level 2 Level 3 Total Investment grade Other Government, agency and municipal securities ¥ — ¥ 124 ¥ — ¥ 124 ¥ 124 ¥ — Bank and corporate debt securities — — — — — — CMBS and RMBS — — 7 7 2 5 Total ¥ — ¥ 124 ¥ 7 ¥ 131 ¥ 126 ¥ 5 |
Type and carrying value of financial assets | Billions of yen March 31 2021 2022 Assets Trading assets Loans for trading purposes ¥ 106 ¥ 19 Loans receivable — 203 Total ¥ 106 ¥ 222 Liabilities Long-term borrowings ¥ 106 ¥ 222 |
Classification of consolidated VIEs' assets and liabilities | Billions of yen March 31 2021 2022 Consolidated VIE assets Cash and cash equivalents ¥ 13 ¥ 62 Trading assets Equities 524 555 Debt securities 414 443 CMBS and RMBS 20 21 Investment trust funds and other 4 — Derivatives 1 1 Private equity and debt investments 21 4 Office buildings, land, equipment and facilities 51 10 Other 26 115 Total ¥ 1,074 ¥ 1,211 Consolidated VIE liabilities Trading liabilities Derivatives 2 0 Borrowings Short-term borrowings 74 95 Long-term borrowings 763 797 Other 2 6 Total ¥ 841 ¥ 898 |
Carrying amount of assets and liabilities of unconsolidated VIEs | Billions of yen March 31, 2021 Carrying amount of variable interests Maximum exposure to loss to unconsolidated VIEs Assets Liabilities Trading assets and liabilities Equities ¥ 30 ¥ — ¥ 30 Debt securities 60 — 60 CMBS and RMBS 2,362 — 2,362 Investment trust funds and other 195 — 195 Private equity and debt investments 3 — 3 Loans 556 — 556 Other 19 — 19 Commitments to extend credit and other guarantees — — 110 Total ¥ 3,225 ¥ — ¥ 3,335 Billions of yen March 31, 2022 Carrying amount of variable interests Maximum exposure to loss to unconsolidated VIEs Assets Liabilities Trading assets and liabilities Equities ¥ 26 ¥ — ¥ 26 Debt securities 61 — 61 CMBS and RMBS 1,432 — 1,432 Investment trust funds and other 191 — 191 Private equity and debt investments 22 — 22 Loans 940 — 940 Other 10 — 10 Commitments to extend credit and other guarantees — — 256 Total ¥ 2,682 ¥ — ¥ 2,938 The above does not include |
Financing receivables (Tables)
Financing receivables (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Financing Receivables [Abstract] | |
Summary of loans receivable reported within loans receivable or investments in and advances to affiliated companies | The following tables present a summary of loans receivable reported within Loans receivable or Advances to affiliated companies in the consolidated balance sheets as of March 31, 2021, and 2022 by portfolio segment. Millions of yen March 31, 2021 Carried at amortized cost Carried at fair value (1) Total Loans receivable Loans at banks ¥ 605,200 ¥ — ¥ 605,200 Short-term secured margin loans 436,221 — 436,221 Inter-bank money market loans 1,289 — 1,289 Corporate loans 1,082,239 818,523 1,900,762 Total loans receivable ¥ 2,124,949 ¥ 818,523 ¥ 2,943,472 Advances to affiliated companies 1,000 — 1,000 Total ¥ 2,125,949 ¥ 818,523 ¥ 2,944,472 Millions of yen March 31, 2022 Carried at amortized cost Carried at fair value (1) Total Loans receivable Loans at banks ¥ 717,992 ¥ — ¥ 717,992 Short-term secured margin loans 442,600 — 442,600 Inter-bank money market loans 2,196 — 2,196 Corporate loans 1,206,349 1,210,590 2,416,939 Total loans receivable ¥ 2,369,137 ¥ 1,210,590 ¥ 3,579,727 Advances to affiliated companies 1,000 — 1,000 Total ¥ 2,370,137 ¥ 1,210,590 ¥ 3,580,727 (1) Includes loans receivable and loan commitments carried at fair value through election of the fair value option. |
Changes in allowance for doubtful accounts | Millions of yen Year ended March 31, 2020 Allowance for current expected credit losses Allowance receivables other than loans Total Loans at banks Short-term secured margin loans Corporate loans Subtotal Opening balance ¥ 1,052 ¥ 370 ¥ 868 ¥ 2,290 ¥ 1,879 ¥ 4,169 Provision for credit losses 512 — 7,125 7,637 1,451 9,088 Charge-offs — — — — (162 ) (162 ) Other (1) — (18 ) (49 ) (67 ) (16 ) (83 ) Closing balance ¥ 1,564 ¥ 352 ¥ 7,944 ¥ 9,860 ¥ 3,152 ¥ 13,012 (1) Primarily includes the effect of foreign exchange movements and recoveries collected. Millions of yen Year ended March 31, 2021 Allowance for current expected credit losses Allowance receivables other than loans (3) Total Loans at banks Short-term secured margin loans Corporate loans Subtotal Opening balance prior to CECL adoption (1) 1,564 352 7,944 9,860 3,152 13,012 Impact of CECL adoption (2) 232 — 1,738 1,970 2 1,972 Opening balance after CECL adoption 1,796 352 9,682 11,830 3,154 14,984 Provision for credit losses (4) (196 ) — 38,211 38,015 1,060 39,075 Charge-offs (318 ) (363 ) (0 ) (681 ) (1,600 ) (2,281 ) Other (5) — 11 92 103 1,903 2,006 Closing balance ¥ 1,282 ¥ — ¥ 47,985 ¥ 49,267 ¥ 4,517 ¥ 53,784 Millions of yen Year ended March 31, 2022 Allowance for current expected credit losses Allowance receivables other than loans (3) Total Loans at banks Short-term secured margin loans Corporate loans Subtotal Opening balance 1,282 — 47,985 49,267 4,517 53,784 Provision for losses (4) 1,161 — 11,079 12,240 113 12,353 Charge-offs — — — — (1,231 ) (1,231 ) Other ( 4 (5) (9 ) — 3,289 3,280 (1,840 ) 1,440 Closing balance ¥ 2,434 ¥ — ¥ 62,353 ¥ 64,787 ¥ 1,559 ¥ 66,346 (1) Closing balance recognized on March 31, 2020 as determined using legacy U.S. GAAP guidance in effect prior to the adoption of ASC 326. (2) The adjusted opening balance recognized on April 1, 2020 on adoption of the CECL impairment model under ASC 326. (3) Includes amounts recognized against collateralized agreements, customer contract assets and receivables and other receivables. (4) Following default by a U.S. client in connection with the U.S. Prime Brokerage Event in March 2021, a provision for losses of million was recognized. During year ending March 2022, an additional provision for losses of million was recognized during the quarter ended June 30, 2021, which was subsequently partially offset by a release in the allowance of million during the quarter ended March 31, 2022. See Note 23 “U.S. Prime Brokerage Event” for further information on this event. (5) Primarily includes the effect of foreign exchange movements and recoveries collected. |
Analysis of each class of loans not carried at fair value using internal ratings or equivalent credit quality indicators | The following tables present an analysis of each class of loans not carried at fair value using Nomura’s internal ratings or equivalent credit quality indicators applied by subsidiaries by years of origination as of March 31, 2021 and 2022. Millions of yen March 31, 2021 2021 2020 2019 2018 2017 2016 or earlier Revolving Total Secured loans at banks: AAA-BBB ¥ 54,179 ¥ 115,003 ¥ 17,106 ¥ 12,450 ¥ 4,240 ¥ 17,634 ¥ — ¥ 220,612 BB-CCC 75,680 115,131 3,864 2,324 — 5,484 — 202,483 CC-D — — — — — — — — Others (1) — 61,185 — — — — — 61,185 Total secured loans at banks ¥ 129,859 ¥ 291,319 ¥ 20,970 ¥ 14,774 ¥ 4,240 ¥ 23,118 ¥ — ¥ 484,280 Unsecured loans at banks: AAA-BBB ¥ 9,101 ¥ 22,955 ¥ 27,863 ¥ 17,563 ¥ 8,484 ¥ 34,719 ¥ — ¥ 120,685 BB-CCC — — 235 — — — — 235 CC-D — — — — — — — — Others — — — — — — — — Total unsecured loans at banks ¥ 9,101 ¥ 22,955 ¥ 28,098 ¥ 17,563 ¥ 8,484 ¥ 34,719 ¥ — ¥ 120,920 Short-term secured margin loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC — — — — — — — — CC-D — — — — — — — — Others (1) 170,514 141 — — — — 265,566 436,221 Total short-term secured margin loans ¥ 170,514 ¥ 141 ¥ — ¥ — ¥ — ¥ — ¥ 265,566 ¥ 436,221 Unsecured inter-bank money market loans: AAA-BBB ¥ 1,289 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,289 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total unsecured inter-bank money market loans ¥ 1,289 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,289 Secured corporate loans: AAA-BBB ¥ 33,965 ¥ 261,182 ¥ 45,880 ¥ 9,817 ¥ 6,406 ¥ 27,672 ¥ 97 ¥ 385,019 BB-CCC 20,093 102,941 34,435 29,869 13,067 17,573 173,178 391,156 CC-D (2) 197,859 — — — — — — 197,859 Others (1) — 39 40 11 30 4,697 428 5,245 Total secured corporate loans ¥ 251,917 ¥ 364,162 ¥ 80,355 ¥ 39,697 ¥ 19,503 ¥ 49,942 ¥ 173,703 ¥ 979,279 Unsecured corporate loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC 84 — 450 — — — — 534 CC-D — — — — — — — — Others 1 191 8 97,212 — 5,014 — 102,426 Total unsecured corporate loans ¥ 85 ¥ 191 ¥ 458 ¥ 97,212 ¥ — ¥ 5,014 ¥ — ¥ 102,960 Advances to affiliated companies AAA-BBB ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total advances to affiliated companies ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 Total ¥ 563,765 ¥ 678,768 ¥ 129,881 ¥ 169,246 ¥ 32,227 ¥ 112,793 ¥ 439,269 ¥ 2,125,949 (1) Relate to collateralized exposures where a specified ratio of LTV is maintained. (2) Includes loans of ¥197,859 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” Millions of yen March 31, 2022 2022 2021 2020 2019 2018 2017 or earlier Revolving Total Secured loans at banks: AAA-BBB ¥ 106,554 ¥ 126,834 ¥ 8,325 ¥ 17,308 ¥ 9,213 ¥ 12,729 ¥ — ¥ 280,963 BB-CCC 80,167 169,655 1,693 638 587 6,779 — 259,519 CC-D — — — — — — — — Others (1) — 82,304 — — — — — 82,304 Total secured loans at banks ¥ 186,721 ¥ 378,793 ¥ 10,018 ¥ 17,946 ¥ 9,800 ¥ 19,508 ¥ — ¥ 622,786 Unsecured loans at banks: AAA-BBB ¥ 6,000 ¥ 18,175 ¥ 12,703 ¥ 20,565 ¥ 9,982 ¥ 25,841 ¥ — ¥ 93,266 BB-CCC — — — — — — — — CC-D — — — 1,940 — — — 1,940 Others — — — — — — — — Total unsecured loans at banks ¥ 6,000 ¥ 18,175 ¥ 12,703 ¥ 22,505 ¥ 9,982 ¥ 25,841 ¥ — ¥ 95,206 Short-term secured margin loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC — — — — — — — — CC-D — — — — — — — — Others (1) 169,195 23,238 — — — — 250,167 442,600 Total short-term secured margin loans ¥ 169,195 ¥ 23,238 ¥ — ¥ — ¥ — ¥ — ¥ 250,167 ¥ 442,600 Unsecured inter-bank money market loans: AAA-BBB ¥ 2,196 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 2,196 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total unsecured inter-bank money market loans ¥ 2,196 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 2,196 Secured corporate loans: AAA-BBB ¥ — ¥ 52,545 ¥ 86,910 ¥ 20,710 ¥ 3,258 ¥ 52,496 ¥ 9,916 ¥ 225,835 BB-CCC 86,300 307,636 14,718 131,266 115,494 30,085 92,039 777,538 CC-D (2) — 57,524 — — — — — 57,524 Others (1) 455 20 25 26 10 101 96 733 Total secured corporate loans ¥ 86,755 ¥ 417,725 ¥ 101,653 ¥ 152,002 ¥ 118,762 ¥ 82,682 ¥ 102,051 ¥ 1,061,630 Unsecured corporate loans: AAA-BBB ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — BB-CCC 11,621 20,516 — 1,989 — — — 34,126 CC-D — — — — — — — — Others — 438 191 — 109,959 5 — 110,593 Total unsecured corporate loans ¥ 11,621 ¥ 20,954 ¥ 191 ¥ 1,989 ¥ 109,959 ¥ 5 ¥ — ¥ 144,719 Advances to affiliated companies AAA-BBB ¥ — ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 BB-CCC — — — — — — — — CC-D — — — — — — — — Others — — — — — — — — Total advances to affiliated companies ¥ — ¥ 1,000 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 1,000 Total ¥ 462,488 ¥ 859,885 ¥ 124,565 ¥ 194,442 ¥ 248,503 ¥ 128,036 ¥ 352,218 ¥ 2,370,137 (1) Relate to collateralized exposures where a specified ratio of LTV is maintained. (2) Includes loans of ¥57,524 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Leases [Abstract] | |
Types of assets which Nomura leases under operating leases | The following table presents the types of assets which Nomura leases under operating leases: Millions of yen March 31 2021 2022 Cost Accumulated depreciation Net carrying amount Cost Accumulated depreciation Net carrying amount Real estate (1) ¥ 354 ¥ (288 ) ¥ 66 ¥ 354 ¥ (292 ) ¥ 62 Aircraft 39,736 (1,382 ) 38,354 10,373 (688 ) 9,685 Total ¥ 40,090 ¥ (1,670 ) ¥ 38,420 ¥ 10,727 ¥ (980 ) ¥ 9,747 (1) Cost, accumulated depreciation and net carrying amounts include amounts relating to real estate utilized by Nomura. |
Schedule of future minimum lease payments to be received on noncancelable operating leases | Millions of yen March 31, 2022 Minimum lease payments to be received Years of receipt Less than 1 year ¥ 1,013 1 to 2 years 986 2 to 3 years 986 3 to 4 years 986 4 to 5 years 986 More than 5 years 4,883 Total ¥ 9,840 |
Lease expense | Millions of yen Year ended March 31 2020 2021 2022 Lease expense: Operating lease costs ¥ 48,475 ¥ 49,168 ¥ 47,643 Other income and expenses: Gross sublease income (1) ¥ 5,377 ¥ 4,638 ¥ 3,464 (1) Gross sublease income represents income from subleases separate from lease payments made by Nomura on the head lease as lessee. |
Cash payments made by Nomura as lessee | Millions of yen Year ended March 31 2020 2021 2022 Operating cash flows for operating leases ¥ 47,212 ¥ 47,584 ¥ 46,565 ROU assets recognized in connection with new operating leases ¥ 18,026 ¥ 41,279 ¥ 32,208 |
Schedule of Lessee operating lease liability maturity | Millions of yen March 31, 2022 Operating leases Years of payment Less than 1 year ¥ 44,493 1 to 2 years 32,034 2 to 3 years 25,850 3 to 4 years 23,507 4 to 5 years 19,254 More than 5 years 63,902 Total undiscounted lease payments ¥ 209,040 Less: Impact of discounting (10,909 ) Lease liabilities ¥ 198,131 |
Weighted-average discount rate used to measure lease liabilities and weighted-average remaining lease term | Year ended March 31 2021 2022 Operating leases Operating leases Weighted-average discount rate used to measure lease liabilities 1.4% 1.4% Weighted-average remaining lease term 7.6 years 7.2 years |
Other assets-Office buildings_2
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Other assets Office buildings, land, equipment and facilities and Other Other liabilities [Abstract] | |
Schedule of Breakdown of Office buildings, land, equipment and facilities | The following table presents a breakdown of owned and leased office buildings, land, equipment and facilities as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Land ¥ 39,233 ¥ 39,118 Office buildings 76,725 60,025 Equipment and facilities 59,614 31,895 Software 103,385 104,609 Construction in progress 407 7,978 Operating lease ROU asse 185,085 175,422 Total ¥ 464,449 ¥ 419,047 |
Schedule of Other assets-Other and Other liabilities | The following table presents components of Other assets —Other Other liabilities Millions of yen March 31 2021 2022 Other assets — Securities received as collateral ¥ 399,975 ¥ 166,352 Goodwill and other intangible assets 29,040 30,007 Deferred tax assets net 30,433 15,562 Investments in equity securities for other than operating purposes (1) 270,246 249,448 Prepaid expenses 18,741 17,165 Other 300,997 295,052 Total ¥ 1,049,432 ¥ 773,586 Other liabilities: Obligation to return securities received as collateral ¥ 399,975 ¥ 166,352 Accrued income taxes 60,275 34,158 Other accrued expenses and provisions (2) 424,961 457,511 Other (3) 353,956 362,204 Total ¥ 1,239,167 ¥ 1,020,225 (1) Includes marketable and non-marketable million respectively, as of March 31, 2022. In principle, these securities are carried at fair value, with changes in fair value recognized and reported within Revenue—Other value million as of March 31, 2021 and 2022 respectively. (2) Includes a liability of million and ¥76,866 million as of March 31, 2021 and 2022 respectively, in respect of outstanding and unsettled investigations, lawsuits and other legal proceedings where loss is considered probable and the amount of such loss can be reasonably estimated. See Note 20 “Commitments, contingencies and guarantees” (3) Operating lease liabilities are presented through Other liabilities Leases |
Schedule of changes in goodwill within Other assets-Other | The following table presents changes in goodwill, which are reported in the consolidated balance sheets within Other assets — Other Millions of yen Year ended March 31, 2021 Beginning of year Changes during year End of year Gross carrying amount Accumulated Impairment Net carrying amount Acquisition (2) Impairment Other (1) Gross carrying amount Accumulated Impairment Net amount Wholesale ¥ 92,814 ¥ (92,814 ) ¥ — ¥ 12,078 ¥ — ¥ 402 ¥ 105,294 ¥ (92,814 ) ¥ 12,480 Other 472 — 472 189 — 4 665 — 665 Total ¥ 93,286 ¥ (92,814 ) ¥ 472 ¥ 12,267 ¥ — ¥ 406 ¥ 105,959 ¥ (92,814 ) ¥ 13,145 Millions of yen Year ended March 31, 2022 Beginning of year Changes during year End of year Gross carrying amount Accumulated Impairment Net amount Acquisition Impairment Other (1) Gross carrying amount Accumulated Impairment Net amount Wholesale ¥ 105,294 ¥ (92,814 ) ¥ 12,480 ¥ — ¥ — ¥ 1,260 ¥ 106,554 ¥ (92,814 ) ¥ 13,740 Other 665 — 665 — — 2 667 — 667 Total ¥ 105,959 ¥ (92,814 ) ¥ 13,145 ¥ — ¥ — ¥ 1,262 ¥ 107,221 ¥ (92,814 ) ¥ 14,407 (1) Includes currency translation adjustments. (2) For the year ended March 31, 2021, Nomura recognized goodwill as a result of acquiring 100% of the ownership interests in Greentech Capital, LLC which has been allocated in its entirety to the Wholesale division for segmental reporting and reporting unit purposes. See Note 9 “ Business Combination |
Schedule of finite-lived intangible assets by type | The following table presents finite-lived intangible assets by type as of March 31, 2021 and 2022. Millions of yen March 31, 2021 March 31, 2022 Gross carrying amount Accumulated amortization Net amount Gross carrying amount Accumulated amortization Net carrying amount Client relationships ¥ 64,357 ¥ (57,680 ) ¥ 6,677 ¥ 67,492 ¥ (61,715 ) ¥ 5,777 Other 1,842 (1,234 ) 608 2,000 (1,522 ) 478 Total ¥ 66,199 ¥ (58,914 ) ¥ 7,285 ¥ 69,492 ¥ (63,237 ) ¥ 6,255 |
Estimated amortization expenses for next five years | Estimated amortization expenses for the next five years are shown below. Millions of yen Year ending March 31 Estimated amortization expense 2023 ¥ 324 2024 200 2025 197 2026 113 2027 73 |
Schedule of change in asset retirement obligation | The following table presents changes in ARO, which are reported in the consolidated balance sheets within Other liabilities—Other Millions of yen March 31 2021 2022 Balance at beginning of year ¥ 6,625 ¥ 14,485 Liabilities incurred during the current period 1,846 319 Liabilities settled during the current period (97 ) (564 ) Revision in estimated cash flows (1) 6,111 — Balance at end of period ¥ 14,485 ¥ 14,240 (1) During the fiscal year ended March 31, 2021, as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project, the estimate of future cash flows for the ARO associated with our properties has been changed. |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Borrowings [Abstract] | |
Short-term and long-term borrowings | The following table presents short-term and long-term borrowings of Nomura as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Short-term borrowings (1) Commercial paper ¥ 460,014 ¥ 131,915 Bank borrowings 294,052 205,857 Other 614,032 712,369 Total ¥ 1,368,098 ¥ 1,050,141 Long-term borrowings: Long-term borrowings from banks and other financial institutions (2) ¥ 2,878,676 ¥ 3,196,144 Bonds and notes issued (3) Fixed-rate obligations: Japanese yen denominated 583,148 765,412 Non-Japanese 1,917,166 2,486,305 Floating-rate obligations: Japanese yen denominated 876,844 917,362 Non-Japanese 327,595 329,876 Index / Equity-linked obligations: Japanese yen denominated 906,332 942,585 Non-Japanese 361,916 350,672 4,973,001 5,792,212 Subtotal 7,851,677 8,988,356 Trading balances of secured borrowings 123,335 269,950 Total ¥ 7,975,012 ¥ 9,258,306 (1) Includes secured borrowings of ¥55,569 million as of March 31, 2021 and ¥92,580 million as of March 31, 2022. (2) Includes secured borrowings of ¥118,106 million as of March 31, 2021 and ¥79,843 million as of March 31, 2022. (3) Includes secured borrowings of ¥788,618 million as of March 31, 2021 and ¥761,620 million as of March 31, 2022. |
Long-term borrowings | Long-term borrowings consisted of the following: Millions of yen March 31 2021 2022 Debt issued by the Company ¥ 3,003,810 ¥ 3,679,955 Debt issued by subsidiaries—guaranteed by the Company 2,398,932 2,124,904 Debt issued by subsidiaries—not guaranteed by the Company (1) 2,572,270 3,453,447 Total ¥ 7,975,012 ¥ 9,258,306 (1) Includes trading balances of secured borrowings. |
Effective weighted-average interest rates of borrowings | Following table presents the effective weighted-average interest rates of borrowings, including the effect of fair value hedges as of March 31, 2021 and 2022. March 31 2021 2022 Short-term borrowings 0.58 % 1.26 % Long-term borrowings 0.82 % 1.09 % Fixed-rate obligations 0.96 % 1.25 % Floating-rate obligations 0.88 % 1.04 % Index / Equity-linked obligations 0.30 % 0.79 % |
Maturities of long-term borrowings | The following table presents the aggregate annual maturities of long-term borrowings, including adjustments related to fair value hedges and liabilities measured at fair value, as of March 31, 2022: Year ending March 31 Millions of yen 2023 ¥ 456,663 2024 904,738 2025 1,180,692 2026 1,402,216 2027 870,856 2028 and thereafter 4,173,191 Subtotal 8,988,356 Trading balances of secured borrowings 269,950 Total ¥ 9,258,306 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share [Abstract] | |
Summary of amounts and numbers used in calculation of net income attributable to NHI shareholders per share (basic and diluted) | The following table presents a reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) for the years ended March 31, 2020, 2021 and 2022. Millions of yen except per share data presented in yen Year ended March 31 2020 2021 2022 Basic— Net income attributable to NHI shareholders ¥ 216,998 ¥ 153,116 ¥ 142,996 Weighted average number of shares outstanding 3,202,369,845 3,055,525,640 3,063,524,091 Net income attributable to NHI shareholders per share ¥ 67.76 ¥ 50.11 ¥ 46.68 Diluted— Net income attributable to NHI shareholders ¥ 216,890 ¥ 153,064 ¥ 142,861 Weighted average number of shares outstanding 3,276,510,404 3,147,338,609 3,158,708,013 Net income attributable to NHI shareholders per share ¥ 66.20 ¥ 48.63 ¥ 45.23 |
Employee benefit plans (Tables)
Employee benefit plans (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Employee Benefit Plans [Abstract] | |
Net periodic benefit cost for defined benefit plans | Millions of yen Year ended March 31 2020 2021 2022 Service cost ¥ 12,079 ¥ 6,721 ¥ 6,452 Interest cost 1,766 1,786 2,042 Expected return on plan assets (6,038 ) (5,826 ) (6,055 ) Amortization of net actuarial losses 5,654 5,519 3,955 Amortization of prior service cost (1,137 ) (1,521 ) (1,599 ) Net periodic benefit cost ¥ 12,324 ¥ 6,679 ¥ 4,795 |
Reconciliation of changes in projected benefit obligation and fair value of plan assets | Millions of yen As of or for the 2021 2022 Change in projected benefit obligation: Projected benefit obligation at beginning of year ¥ 303,523 ¥ 295,810 Service cost 6,721 6,452 Interest cost 1,786 2,042 Actuarial gain (3,593 ) 1,433 Benefits paid (12,656 ) (12,683 ) Acquisition, divestitures and other 29 (15 ) Projected benefit obligation at end of year ¥ 295,810 ¥ 293,039 Change in plan assets: Fair value of plan assets at beginning of year ¥ 225,744 ¥ 234,747 Actual return on plan assets 19,126 5,464 Employer contributions 825 815 Benefits paid (10,948 ) (9,565 ) Fair value of plan assets at end of year ¥ 234,747 ¥ 231,461 Funded status at end of year (61,063 ) (61,578 ) Amounts recognized in the consolidated balance sheets ¥ (61,063 ) ¥ (61,578 ) |
Projected benefit obligation, accumulated benefit obligation and fair value of plan assets for pension plans with ABO and PBO in excess of plan assets | Millions of yen March 31 2021 2022 Plans with ABO in excess of plan assets: PBO ¥ 61,063 ¥ 62,457 ABO 61,063 62,457 Fair value of plan assets — — Plans with PBO in excess of plan assets: PBO ¥ 61,063 ¥ 62,457 ABO 61,063 62,457 Fair value of plan assets — — |
Amounts in accumulated other comprehensive income, pre-tax, that have not yet been recognized as components of net periodic benefit cost | Millions of yen For the year ended March 31, 2022 Net actuarial loss ¥ 82,734 Net prior service cost (8,114 ) Total ¥ 74,620 |
Amounts in accumulated other comprehensive income, pre-tax, expected to be recognized as components of net periodic benefit cost over next fiscal year | Millions of yen For the year ending March 31, 2023 Net actuarial loss ¥ 3,818 Net prior service cost (1,665 ) Total ¥ 2,153 |
Schedule of weighted-average assumptions used to determine PBO | March 31 2021 2022 Discount rate 0.7 % 0.8 % Rate of increase in compensation levels 0.3 % 0.3 % Interest crediting rate 2.9 % 2.9 % |
Weighted-average assumptions used to determine net periodic benefit costs | Year ended March 31 2020 2021 2022 Discount rate 0.6 % 0.6 % 0.7 % Rate of increase in compensation levels 1.6 % 0.3 % 0.3 % Expected long-term rate of return on plan assets 2.6 % 2.6 % 2.6 % Interest crediting rate 3.3 % 3.0 % 2.9 % |
Information about plan assets at fair value | Millions of yen March 31, 2021 Level 1 Level 2 Level 3 Balance as of March 31, Pension plan assets: Private equity and pooled investments (1) ¥ — ¥ 614 ¥ 33,384 ¥ 33,998 Japanese government securities 21,047 — — 21,047 Investment trust funds and other (2)(3) — 24,581 36,335 60,916 Life insurance company general accounts — 72,106 — 72,106 Other assets — 35,857 — 35,857 Total ¥ 21,047 ¥ 133,158 ¥ 69,719 ¥ 223,924 Millions of yen March 31, 2022 Level 1 Level 2 Level 3 Balance as of March 31, Pension plan assets: Private equity and pooled investments (1) ¥ — ¥ 740 ¥ 29,081 ¥ 29,821 Japanese government securities 20,469 — — 20,469 Investment trust funds and other (2)(3) — 19,842 27,575 47,417 Life insurance company general accounts — 73,314 — 73,314 Other assets — 33,575 — 33,575 Total ¥ 20,469 ¥ 127,471 ¥ 56,656 ¥ 204,596 (1) Includes corporate type equity investments. (2) Includes p rimar i (3) Certain assets that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and 2022, the fair values of these assets were ¥10,823 million and ¥26,865 million, respectively. |
Information about plan assets for which Level 3 inputs are utilized to determine fair value | Millions of yen Year ended March 31, 2021 Balance as of April 1, 2020 Unrealized and realized gains / (loss) Purchases / sales and other settlement Balance as of March 31, 2021 Private equity and pooled investments ¥ 23,465 ¥ 11,225 ¥ (1,306 ) ¥ 33,384 Investment trust funds and other 41,616 2,925 (8,206 ) 36,335 Total ¥ 65,081 ¥ 14,150 ¥ (9,512 ) ¥ 69,719 Millions of yen Year ended March 31, 2022 Balance as of April 1, 2021 Unrealized and realized gains / (loss) Purchases / sales and other settlement Balance as of March 31, 2022 Private equity and pooled investments ¥ 33,384 ¥ 1,374 ¥ (5,677 ) ¥ 29,081 Investment trust funds and other 36,335 (532 ) (8,228 ) 27,575 Total ¥ 69,719 ¥ 842 ¥ (13,905 ) ¥ 56,656 |
Expected benefit payments | Year ending March 31 Millions of yen 2023 ¥ 14,517 2024 14,394 2025 15,159 2026 14,528 2027 13,993 2028-2032 62,226 |
Deferred compensation awards (T
Deferred compensation awards (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Deferred Compensation Awards [Abstract] | |
Activity relating to RSU awards | The following table presents activity relating to RSU awards for the year ended March 31, 2022. Outstanding (number of Nomura shares) Weighted-average grant date fair value per share Weighted-average remaining life until expiry (years) Outstanding as of March 31, 2021 115,287,730 ¥ 427 1.0 Granted 64,439,400 507 Forfeited (9,223,711 ) 468 Delivered (48,384,029 ) 427 Outstanding as of March 31, 2022 122,119,390 ¥ 466 1.0 |
Activity relating to SAR Plan B awards | The following table presents activity relating to SAR Plan B awards for the year ended March 31, 2022. No new SAR Plan B awards have been granted since April 1, 2018. Outstanding (number of Nomura shares) Weighted-average grant date fair value per share Weighted-average remaining life until expiry (years) Outstanding as of March 31, 2021 12,967,100 ¥ 509 2.7 Granted — — Exercised (3,697,000 ) 535 Forfeited — — Expired (1,356,300 ) 397 Outstanding as of March 31, 2022 7,913,800 ¥ 516 2.3 Exercisable as of March 31, 2022 6,831,500 ¥ 526 1.8 |
Activity related to NSU and CSU awards | The following table presents activity related to NSU and CSU awards for the year ended March 31, 2022. No new CSU awards have been granted since April 1, 2018. NSUs CSUs Outstanding (number of units) Stock price Outstanding (number of units) Stock price Outstanding as of March 31, 2021 19,951,962 ¥ 539 1,867,400 ¥ 636 Granted 11,528,713 575 (1) — — Vested (12,555,940 ) 577 (2) (929,732 ) 601 (2) Forfeited (926,410 ) (512 ) Outstanding as of March 31, 2022 17,998,325 ¥ 445 (3) 937,156 ¥ 606 (3) (1) Weighted-average price of the Company’s common stock used to determine number of awards granted. (2) Weighted-average price of the Company’s common stock used to determine the final cash settlement amount of the awards. (3) The price of the Company’s common stock used to remeasure the fair value of the remaining outstanding unvested awards as of March 31, 2022. |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Income Tax [Abstract] | |
Components of income tax expense | The following table presents components of Income tax expense Millions of yen Year ended March 31 2020 2021 2022 Current: Domestic ¥ 42,099 ¥ 73,534 ¥ 69,661 Foreign 10,706 17,853 7,323 Subtotal 52,805 91,387 76,984 Deferred: Domestic (23,512 ) (19,567 ) 1,561 Foreign (399 ) (1,546 ) 1,545 Subtotal (23,911 ) (21,113 ) 3,106 Total ¥ 28,894 ¥ 70,274 ¥ 80,090 |
Effective income tax rate reflected in consolidated statements of income | The effective tax rate presented in the following table represents total income tax expense for the year as a percentage of Income (loss) before income taxes Year ended March 31 2020 2021 2022 Nomura’s effective statutory tax rate 31.0 % 31.0 % 31.0 % Impact of: Changes in deferred tax valuation allowances (3) (0.3 ) 8.7 18.0 Additional taxable income 0.6 0.7 1.0 Non-deductible 2.9 7.1 5.1 Non-taxable (1) (23.5 ) (4.5 ) (2.9 ) Dividends from foreign subsidiaries 0.1 0.0 0.0 Tax effect of undistributed earnings of foreign subsidiaries 0.2 0.0 0.1 Different tax rate applicable to income (loss) of foreign subsidiaries (0.9 ) (4.0 ) 0.0 Effect of changes in foreign tax laws (3) (0.9 ) 1.1 (14.4 ) Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates (2) (0.1 ) (8.7 ) 0.0 Other 2.5 (0.9 ) (2.6 ) Effective tax rate 11.6 % 30.5 % 35.3 % (1) Non-taxable non-taxable (2) Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates Changes in deferred tax valuation allowances (3) Finance Act 2021, enacted on June 10, to 25% on 1 , x 31, Effect of changes in foreign tax laws |
Details of deferred tax assets and liabilities | The tax-paying Millions of yen March 31 2021 2022 Deferred tax assets Depreciation, amortization and valuation of fixed assets ¥ 22,770 ¥ 30,441 Investments in subsidiaries and affiliates 20,220 21,390 Valuation of financial instruments 73,905 102,021 Accrued pension and severance costs 19,947 20,492 Other accrued expenses and provisions 60,280 79,061 Operating losses 353,326 370,481 Lease liabilities 52,251 49,060 Other 15,011 15,425 Gross deferred tax assets 617,710 688,371 Less — (428,014 ) (466,145 ) Total deferred tax assets 189,696 222,226 Deferred tax liabilities Investments in subsidiaries and affiliates 85,636 91,040 Valuation of financial instruments 40,807 85,301 Undistributed earnings of foreign subsidiaries 2,486 2,745 Valuation of fixed assets 23,521 23,962 Right-of-use 51,671 48,519 Other 5,546 7,044 Total deferred tax liabilities 209,667 258,611 Net deferred tax assets (liabilities) ¥ (19,971 ) ¥ (36,385 ) |
Changes in valuation allowance for deferred tax assets | The following table presents changes Millions of yen Year ended March 31 2020 2021 2022 Balance at beginning of year ¥ 444,916 ¥ 388,411 ¥ 428,014 Net change during the year (56,505 ) (1) 39,603 (2) 38,131 (3) Balance at end of year ¥ 388,411 ¥ 428,014 ¥ 466,145 (1) Primarily includes a reduction of ¥59,330 million of valuation allowances of certain foreign subsidiaries mainly by expiration of loss carryforwards, an increase of ¥11,462 million of valuation allowances mainly due to a decrease of valuation of financial instruments, and a reduction of ¥8,637 million related to Japanese subsidiaries and the Company mainly by utilization of loss carryforwards. In total, ¥56,505 million of allowances decreased for the year ended March 31, 2020. (2) Primarily includes an increase of ¥48,883 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in valuation allowances related to operating loss carryforwards, a reduction of ¥5,871 million of valuation allowances mainly due to an increase in valuation of financial instruments, and a reduction of ¥3,409 million of valuation allowances related to Japanese subsidiaries and the Company mainly due to an increase of valuation of financial instruments and a decrease of accrued pension and severance costs. In total, ¥39,603 million of allowances increased for the year ended March 31, 2021. (3) Primarily includes an increase of ¥51,706 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in operatin g loss carryforwards, and a reduction of million of valuation allowances related to Japanese subsidiaries and the Company mainly due to a decrease of operating loss carryforwards. In total, million of allowances increased for the year ended March 31, 2022. |
Summarizes major jurisdictions subject to examination | The table below presents information regarding the earliest year in which Nomura remains subject to examination in the major jurisdictions in which Nomura operates as of March 31, 2022. Under Hong Kong Special Administrative Region tax law, the statute of limitation does not apply if an entity incurs taxable losses and is therefore not included in the table. Jurisdiction Year Japan 2017 (1) United Kingdom 2016 United States 2019 (1) The earliest year in which Nomura remains subject to examination for transfer pricing issues is 2016. |
Other comprehensive income (l_2
Other comprehensive income (loss) (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Accumulated Other Comprehensive Income (loss) | |
Changes in accumulated other comprehensive income (loss) | The following tables present changes in Accumulated other comprehensive income (loss) Millions of yen For the year ended March 31, 2021 Balance at beginning of year Other comprehensive income (loss) before reclassifications Reclassifications out of accumulated other comprehensive income (loss) Net change during the year Balance at end of year Cumulative translation adjustments ¥ (26,274 ) ¥ 47,673 ¥ (3,083 ) ¥ 44,590 ¥ 18,316 Pension liability adjustment (1) (62,571 ) 16,140 2,954 19,094 (43,477 ) Own credit adjustments (2) 62,740 (65,741 ) (9,982 ) (75,723 ) (12,983 ) Total ¥ (26,105 ) ¥ (1,928 ) ¥ (10,111 ) ¥ (12,039 ) ¥ (38,144 ) Millions of yen For the year ended March 31, 2022 Balance at beginning of year Other comprehensive income (loss) before reclassifications Reclassifications out of accumulated other comprehensive income (loss) Net change during the year Balance at end of year Cumulative translation adjustments ¥ 18,316 ¥ 118,574 ¥ 22 ¥ 118,596 ¥ 136,912 Pension liability adjustment (1) (43,477 ) (2,156 ) 1,830 (326 ) (43,803 ) Own credit adjustments (2) (12,983 ) 46,816 1,031 47,847 34,864 Total ¥ (38,144 ) ¥ 163,234 ¥ 2,883 ¥ 166,117 ¥ 127,973 (1) See Note 13 “ Employee benefit plans (2) See Note 2 “ Fair value measurements |
Reclassifications out of accumulated other comprehensive income (loss) | The following tables present significant reclassifications out of Accumulated other comprehensive income (loss) Millions of yen For the year ended March 31 2021 2022 Affected line items in consolidated statements of income Reclassifications out of accumulated other comprehensive income (loss) Reclassifications out of accumulated other comprehensive income (loss) Cumulative translation adjustments: ¥ 3,083 ¥ (21 ) Revenue — Non-interest — — (1 ) Income tax expense 3,083 (22 ) Net income (loss) — — Net income attributable to noncontrolling interests ¥ 3,083 ¥ (22 ) Net income (loss) attributable to NHI shareholders Millions of yen For the year ended March 31 2021 2022 Affected line items in consolidated statements of income Reclassifications out of accumulated other comprehensive income (loss) Reclassifications out of accumulated other comprehensive income (loss) Pension liability adjustment: ¥ (4,167 ) ¥ (2,585 ) Non-interest — Revenue — 1,213 755 Income tax expense (2,954 ) (1,830 ) Net income (loss) — — Net income attributable to noncontrolling interests ¥ (2,954 ) ¥ (1,830 ) Net income (loss) attributable to NHI shareholders Millions of yen For the year ended March 31 2021 2022 Affected line items in consolidated Reclassifications out of accumulated other comprehensive income (loss) Reclassifications out of accumulated other comprehensive income (loss) Own credit adjustments: ¥ 12,134 ¥ (1,161 ) Revenue — (2,152 ) 130 Income tax expense 9,982 (1,031 ) Net income (loss) — — Net income attributable to noncontrolling interests ¥ 9,982 ¥ (1,031 ) Net income (loss) attributable to NHI shareholders |
Shareholders' equity (Tables)
Shareholders' equity (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Stockholders' Equity [Abstract] | |
Changes in shares of common stock outstanding | The following table presents changes in shares of the Company’s common stock outstanding for the years ended March 31, 2020, 2021 and 2022. Number of Shares Year ended March 31 2020 2021 2022 Common stock outstanding at beginning of year 3,310,800,799 3,038,587,493 3,063,155,434 Decrease of common stock by cancellation of treasury stock — (260,000,000 ) — Common stock held in treasury: Repurchases of common stock (299,381,781 ) (20,129 ) (80,020,237 ) Sales of common stock 390 353 345 Common stock issued to employees 27,168,085 24,587,717 34,682,592 Cancellation of treasury stock — 260,000,000 — Other net change in treasury stock — — (14,122 ) Common stock outstanding at end of year 3,038,587,493 3,063,155,434 3,017,804,012 |
Affiliated companies and othe_2
Affiliated companies and other equity-method investees (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Affiliated Companies and Other Equity-method Investees [Abstract] | |
Summary of financial information for signifiant affiliated companies | Millions of yen March 31 2021 2022 Total assets ¥ 2,769,294 ¥ 3,009,394 Total liabilities 1,788,704 1,984,043 Millions of yen Year ended March 31 2020 2021 2022 Net revenues ¥ 1,017,860 ¥ 909,616 ¥ 1,041,000 Non-interest 791,403 737,200 786,391 Net income attributable to the companies 155,567 124,163 179,706 |
Summary of balances and transactions with affiliated companies and other equity-method investees | The following tables present a summary of balances and transactions with affiliated companies and other equity-method investees as of March 31, 2021 and 2022, and during the years ended March 31, 2020, 2021 and 2022. Millions of yen March 31 2021 2022 Investments in affiliated companies ¥ 363,393 ¥ 363,281 Advances to affiliated companies 1,000 1,000 Other receivables from affiliated companies (1) 21,817 24,754 Other payables to affiliated companies (1) 26,344 30,617 (1) ROU assets and operating lease liabilities are included by million and million as of March 31, 2021 and 2022 respectively. Millions of yen Year ended March 31 2020 2021 2022 Revenues ¥ 3,833 ¥ 2,240 ¥ 2,660 Non-interest 46,335 50,753 50,004 Purchase of software, securities and tangible assets 17,716 14,407 12,760 |
Summary of aggregate carrying amount and fair value of investments in affiliated companies and other equity-method investees | The following table presents the aggregate carrying amount and fair value of investments in affiliated companies and other equity-method investees for which a quoted market price is available as of March 31, 2021 and 2022. Millions of yen March 31 2021 2022 Carrying amount ¥ 340,909 ¥ 341,935 Fair value 768,389 772,243 |
Summary of equity in earnings of equity-method investees and dividends from equity-method investees | The following table presents equity in earnings of equity-method investees, including those above and dividends from equity-method investees for the years ended March 31, 2020, 2021 and 2022. Millions of yen Year ended March 31 2020 2021 2022 Equity in earnings of equity-method investees (1) ¥ 32,109 ¥ 26,812 ¥ 32,083 Dividends from equity-method investees 11,767 11,096 11,848 (1) Equity in earnings of equity-method investees is reported within Revenue-Other |
Commitments, contingencies an_2
Commitments, contingencies and guarantees (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Commitments, Contingencies and Guarantees [Abstract] | |
Commitments outstanding | The following table presents a summary of the key types of outstanding commitments provided by Nomura as of March 31, 2021 and 2022. Millions of yen March 31, 2021 March 31, 2022 Commitments to extend credit Liquidity facilities to central clearing counterparties ¥ 1,400,076 ¥ 1,135,695 Other commitments to extend credit 901,867 877,156 Total ¥ 2,301,943 ¥ 2,012,851 Commitments to invest ¥ 136,367 ¥ 32,286 |
Maturity schedule of commitments | Maturity profile of these commitments as of March 31, 2022: Millions of yen Total contractual amount Years to maturity Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Commitments to extend credit Liquidity facilities to central clearing counterparties ¥ 1,135,695 ¥ 1,135,695 ¥ — ¥ — ¥ — Other commitments to extend credit 877,156 219,139 269,828 163,515 224,674 Total ¥ 2,012,851 ¥ 1,354,834 ¥ 269,828 ¥ 163,515 ¥ 224,674 Commitments to invest ¥ 32,286 ¥ 149 ¥ 4,102 ¥ 6,175 ¥ 21,860 |
Maturity schedule of purchase obligations | As of March 31, 2022, these purchase obligations had the following maturities: Millions of yen Total Years of payment Less than 1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years More than 5 years Purchase obligations ¥ 98,214 ¥ 14,012 ¥ 15,254 ¥ 3,398 ¥ 1,774 ¥ 63,623 ¥ 153 |
Information on derivative contracts and standby letters of credit and other guarantees | The following table presents information on Nomura’s derivative contracts that could meet the accounting definition of a guarantee and standby letters of credit and other guarantees. Millions of yen March 31 2021 2022 Carrying value Maximum potential payout / Notional total Carrying value Maximum potential payout / Notional total Derivative contracts (1)(2) ¥ 5,207,911 ¥ 322,635,226 ¥ 6,151,646 ¥ 393,709,887 Standby letters of credit and other guarantees (3) — 206,072 — 1,698,193 (1) Credit derivatives are disclosed in Note 3 “ Derivative instruments and hedging activities (2) Derivative contracts primarily consist of equity, interest rate and foreign exchange contracts. (3) Primarily related to a certain sponsored repo program where Nomura guarantees to a third party clearing house in relation to its clients’ payment obligations. Our credit exposures under this guarantee is minimized by obtaining collateral from clients at amount approximately the maximum potential payout under the guarantee. |
Maturity information on derivative contracts and standby letters of credit and other guarantees | The following table presents maturity information on Nomura’s derivative contracts that could meet the accounting definition of a guarantee and standby letters of credit and other guarantees as of March 31, 2022. Millions of yen Carrying value Maximum potential payout/Notional Total Years to Maturity Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Derivative contracts ¥ 6,151,646 ¥ 393,709,887 ¥ 82,738,268 ¥ 112,981,416 ¥ 65,305,775 ¥ 132,684,428 Standby letters of credit and other guarantees — 1,698,193 1,684,360 7,705 4,519 1,609 |
Segment and geographic inform_2
Segment and geographic information (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Segment and Geographic Information [Abstract] | |
Business segments' results | Millions of yen Retail Investment Wholesale (1) Other (Incl. elimination) Total Year ended March 31, 2020 Non-interest ¥ 329,983 ¥ 101,130 ¥ 506,203 ¥ 242,021 ¥ 1,179,337 Net interest revenue 6,376 6,807 142,416 (25,780 ) 129,819 Net revenue 336,359 107,937 648,619 216,241 1,309,156 Non-interest 286,926 74,364 556,399 121,879 1,039,568 Income (loss) before income taxes ¥ 49,433 ¥ 33,573 ¥ 92,220 ¥ 94,362 ¥ 269,588 Year ended March 31, 2021 Non-interest ¥ 366,271 ¥ 153,523 ¥ 524,019 ¥ 205,411 ¥ 1,249,224 Net interest revenue 2,538 9,627 167,337 (38,399 ) 141,103 Net revenue 368,809 163,150 691,356 167,012 1,390,327 Non-interest 276,480 72,142 627,051 195,528 1,171,201 Income (loss) before income taxes ¥ 92,329 ¥ 91,008 ¥ 64,305 ¥ (28,516 ) ¥ 219,126 Year ended March 31, 2022 Non-interest ¥ 324,642 ¥ 129,848 ¥ 617,227 ¥ 232,437 ¥ 1,304,154 Net interest revenue 3,343 18,145 85,828 (53,203 ) 54,113 Net revenue 327,985 147,993 703,055 179,234 1,358,267 Non-interest 268,745 76,478 628,563 163,481 1,137,267 Income (loss) before income taxes ¥ 59,240 ¥ 71,515 ¥ 74,492 ¥ 15,753 ¥ 221,000 (1) Non-interest Non-interest U.S. Prime Brokerage Event |
Major components of income (loss) before income taxes in "Other" | The following table presents the major components of Income (loss) before income taxes “Other” Millions of yen Year ended March 31 2020 2021 2022 Net gain (loss) related to economic hedging transactions ¥ 17,548 ¥ (11,450 ) ¥ (9,937 ) Realized gain on investments in equity securities held for operating purposes 6,601 1,731 1,355 Equity in earnings of affiliates (1) 34,990 (16,410 ) 36,790 Corporate items (2) (22,240 ) 4,956 (91,073 ) Other (3)(4)(5)(6) 57,463 (7,343 ) 78,618 Total ¥ 94,362 ¥ (28,516 ) ¥ 15,753 (1) Includes an impairment loss of ¥47,661 million recognized in respect of Nomura’s investment in Nomura Real Estate holdings, Inc. during the year ended March 31, 2021. Based on the period and extent to which the share price of the investee (and therefore its estimated fair value) was below the carrying value of the investment, Nomura determined the impairment was other-than-temporary and an impairment loss was recognized through earnings. The loss was reported within Non-interest (2) Income before income taxes for the year ended March 31, 2022 includes a loss of approximately ¥62.0 billion related to legacy transactions in the U.S. from before the global financial crisis (2007 – 2008) that was recognized including legal expenses as well as certain transactions intended to mitigate future losses. (3) Loss before income taxes for the year ended March 31, 2021 includes a gain of ¥ 71,075 million which represents the difference between the fair value of the assets acquired and the carrying value of the assets transferred by Nomura as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project. (4) Income before income taxes for the year ended March 31, 2020 includes a gain of ¥73,293 million from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd. (5) Income before income taxes for the year ended March 31, 2022 includes a gain of approximately ¥79.0 billion from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd. (6) Includes the impact of Nomura’s own creditworthiness. |
Reconciliation of combined business segments' results included in preceding table to reported net revenue, non-interest expenses and income (loss) before income taxes | Millions of yen Year ended March 31 2020 2021 2022 Net revenue ¥ 1,309,156 ¥ 1,390,327 ¥ 1,358,267 Unrealized gain (loss) on investments in equity securities held for operating purposes (21,327 ) 11,545 5,623 Consolidated net revenue ¥ 1,287,829 ¥ 1,401,872 ¥ 1,363,890 Non-interest ¥ 1,039,568 ¥ 1,171,201 ¥ 1,137,267 Millions of yen Year ended March 31 2020 2021 2022 Unrealized gain (loss) on investments in equity securities held for operating purposes — — — Consolidated non-interest ¥ 1,039,568 ¥ 1,171,201 ¥ 1,137,267 Income (loss) before income taxes ¥ 269,588 ¥ 219,126 ¥ 221,000 Unrealized gain (loss) on investments in equity securities held for operating purposes (21,327 ) 11,545 5,623 Consolidated income (loss) before income taxes ¥ 248,261 ¥ 230,671 ¥ 226,623 |
Geographic allocation of net revenue and income (loss) before income taxes from operations by geographic areas, and long-lived assets | Millions of yen Year ended March 31 2020 2021 (2) 2022 (2) Net revenue (1) Americas ¥ 229,265 ¥ 226,741 ¥ 289,571 Europe 115,483 142,941 131,393 Asia and Oceania 42,571 66,985 85,081 Subtotal 387,319 436,667 506,045 Japan 900,510 965,205 857,845 Consolidated ¥ 1,287,829 ¥ 1,401,872 ¥ 1,363,890 Income (loss) before income taxes: Americas ¥ 7,354 ¥ (76,963 ) ¥ (40,950 ) Europe (14,067 ) 14,283 (21,774 ) Asia and Oceania 19,817 49,205 28,586 Subtotal 13,104 (13,475 ) (34,138 ) Japan 235,157 244,146 260,761 Consolidated ¥ 248,261 ¥ 230,671 ¥ 226,623 (1) There is no revenue derived from transactions with a single major external customer. (2) Includes losses arising from the U.S. Prime Brokerage Event. See Note 23 “ U.S. Prime Brokerage Event March 31 2020 2021 2022 Long-lived assets: Americas ¥ 84,904 ¥ 98,611 ¥ 103,045 Europe 52,179 65,165 53,643 Asia and Oceania 29,618 26,690 23,600 Subtotal 166,701 190,466 180,288 Japan 292,212 303,355 269,135 Consolidated ¥ 458,913 ¥ 493,821 ¥ 449,423 |
Summary of accounting policie_3
Summary of accounting policies - Additional information (Detail) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2022 JPY (¥) Segment | Mar. 31, 2021 JPY (¥) | |
Accounting Policy [Line Items] | ||
Number of business segments | Segment | 3 | |
Net receivables arising from unsettled securities transactions | ||
Net payables arising from unsettled securities transactions | ¥ 67,258 | ¥ 205,211 |
Minimum [Member] | ||
Accounting Policy [Line Items] | ||
Ownership percentage | 20% | |
Maximum [Member] | ||
Accounting Policy [Line Items] | ||
Ownership percentage | 50% | |
Limited partnership [Member] | Minimum [Member] | ||
Accounting Policy [Line Items] | ||
Ownership percentage | 3% |
Summary of accounting policie_4
Summary of accounting policies - Estimated useful lives for significant asset classes (Detail) | 12 Months Ended |
Mar. 31, 2022 | |
Minimum [Member] | Office buildings [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives for significant assets, in years | 3 years |
Minimum [Member] | Equipment and facilities [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives for significant assets, in years | 2 years |
Minimum [Member] | Software [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives for significant assets, in years | 3 years |
Maximum [Member] | Office buildings [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives for significant assets, in years | 50 years |
Maximum [Member] | Equipment and facilities [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives for significant assets, in years | 20 years |
Maximum [Member] | Software [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives for significant assets, in years | 10 years |
Fair value measurements - Fair
Fair value measurements - Fair value of financial instruments measured on recurring basis (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |||
Assets: | |||||
Derivative assets | ¥ 18,162,000 | ¥ 16,006,000 | |||
Netting | (16,608,000) | (14,786,000) | |||
Collateralized agreements | 16,876,441 | 16,039,438 | |||
Other assets | 773,586 | 1,049,432 | |||
Total Assets | 10,362 | ||||
Liabilities: | |||||
Derivative liabilities | [1] | 17,739,000 | 16,191,000 | ||
Netting | [1],[2] | (16,079,000) | (14,697,000) | ||
Short-term borrowings | 710,629 | 634,714 | |||
Collateralized financing | 14,538,198 | 15,133,573 | |||
Long-term borrowings | 4,557,326 | 4,098,457 | |||
Recurring [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 13,697,000 | 14,494,000 | [3] | ||
Derivative assets | [4] | 1,554,000 | 1,220,000 | ||
Netting | [4] | (16,608,000) | (14,786,000) | ||
Subtotal, Assets | 15,251,000 | 15,714,000 | |||
Loans and receivables | 1,308,000 | [5] | 982,000 | ||
Collateralized agreements | 298,000 | [6] | 367,000 | ||
Total Assets | 17,820,000 | 18,201,000 | |||
Liabilities: | |||||
Trading liabilities | 7,985,000 | 7,978,000 | |||
Derivative liabilities | [4] | 1,667,000 | 1,495,000 | ||
Netting | [4] | (16,079,000) | (14,697,000) | ||
Subtotal, Liabilities | 9,652,000 | 9,473,000 | |||
Short-term borrowings | [7] | 711,000 | 635,000 | ||
Payables and deposits | [7],[8] | 71,000 | 50,000 | ||
Collateralized financing | [6] | 516,000 | 353,000 | ||
Long-term borrowings | [7],[9],[10] | 4,557,000 | 4,098,000 | ||
Other liabilities | [11] | 219,000 | 445,000 | ||
Total Liabilities | 15,726,000 | 15,054,000 | |||
Recurring [Member] | Equities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [12] | 3,155,000 | 3,322,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 1,804,000 | 2,361,000 | |||
Recurring [Member] | Private equity and debt investments [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [13] | 54,000 | 58,000 | [3] | |
Recurring [Member] | Japanese government securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,730,000 | 1,637,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 1,098,000 | 1,039,000 | |||
Recurring [Member] | Japanese agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 186,000 | 78,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 1,000 | |||
Recurring [Member] | Foreign government, agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 5,240,000 | 4,837,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 4,779,000 | 4,085,000 | |||
Recurring [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,354,000 | 1,394,000 | [3] | ||
Recurring [Member] | Bank and corporate debt securities [Member] | |||||
Liabilities: | |||||
Trading liabilities | 225,000 | 235,000 | |||
Recurring [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 7,000 | 8,000 | [3] | ||
Recurring [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,458,000 | 2,393,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 0 | |||
Recurring [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Issued/Guaranteed by government sponsored entity [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,376,000 | 2,325,000 | [3] | ||
Recurring [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 82,000 | 68,000 | [3] | ||
Recurring [Member] | Real estate-backed securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 137,000 | 106,000 | [3] | ||
Recurring [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [14] | 60,000 | 59,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 3,000 | [14] | 1,000 | ||
Recurring [Member] | Investment trust funds and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 316,000 | 602,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 76,000 | 256,000 | |||
Recurring [Member] | Equity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 974,000 | 1,402,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 1,457,000 | 2,229,000 | ||
Recurring [Member] | Interest rate contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 11,938,000 | 9,632,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 10,960,000 | 9,038,000 | ||
Recurring [Member] | Credit contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 443,000 | 455,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 514,000 | 523,000 | ||
Recurring [Member] | Foreign exchange contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 4,806,000 | 4,516,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 4,814,000 | 4,402,000 | ||
Recurring [Member] | Commodity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 1,000 | 1,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 1,000 | 0 | ||
Recurring [Member] | Non-trading debt securities [Member] | |||||
Assets: | |||||
Other assets | 484,000 | 427,000 | |||
Recurring [Member] | Other [Member] | |||||
Assets: | |||||
Other assets | [3],[12],[15] | 479,000 | 711,000 | ||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3],[14],[16] | ||||
Derivative assets | [16] | (16,608,000) | (14,786,000) | [4] | |
Netting | [16] | (16,608,000) | (14,786,000) | [4] | |
Subtotal, Assets | [16] | (16,608,000) | (14,786,000) | ||
Loans and receivables | [16] | [5] | |||
Collateralized agreements | [16] | [6] | |||
Total Assets | [16] | (16,608,000) | (14,786,000) | ||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Derivative liabilities | [16] | (16,079,000) | (14,697,000) | [4] | |
Netting | [16] | (16,079,000) | (14,697,000) | [4] | |
Subtotal, Liabilities | [16] | (16,079,000) | (14,697,000) | ||
Short-term borrowings | [16] | [7] | |||
Payables and deposits | [7],[8] | ||||
Collateralized financing | [16] | [6] | |||
Long-term borrowings | [16] | [7],[9],[10] | |||
Other liabilities | [16] | [11] | |||
Total Liabilities | [16] | (16,079,000) | (14,697,000) | ||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Equities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [12] | [16] | |||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Private equity and debt investments [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [13] | [3],[16] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Japanese government securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Japanese agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Foreign government, agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Bank and corporate debt securities [Member] | |||||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Issued/Guaranteed by government sponsored entity [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Real estate-backed securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [14] | ||||
Liabilities: | |||||
Trading liabilities | [16] | [14] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Investment trust funds and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Equity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [16] | [4] | |||
Liabilities: | |||||
Derivative liabilities | [16] | [4] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Interest rate contracts [Member] | |||||
Assets: | |||||
Derivative assets | [16] | [4] | |||
Liabilities: | |||||
Derivative liabilities | [16] | [4] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Credit contracts [Member] | |||||
Assets: | |||||
Derivative assets | [16] | [4] | |||
Liabilities: | |||||
Derivative liabilities | [16] | [4] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Foreign exchange contracts [Member] | |||||
Assets: | |||||
Derivative assets | [16] | [4] | |||
Liabilities: | |||||
Derivative liabilities | [16] | [4] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Commodity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [16] | [4] | |||
Liabilities: | |||||
Derivative liabilities | [16] | [4] | |||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Non-trading debt securities [Member] | |||||
Assets: | |||||
Other assets | [16] | ||||
Recurring [Member] | Counterparty and Cash Collateral Netting [Member] | Other [Member] | |||||
Assets: | |||||
Other assets | [16] | [3],[12],[15] | |||
Recurring [Member] | Level 1 [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 7,365,000 | 7,386,000 | [3] | ||
Derivative assets | [4] | 136,000 | 43,000 | ||
Netting | [4] | ||||
Subtotal, Assets | 7,501,000 | 7,429,000 | |||
Loans and receivables | [5] | ||||
Collateralized agreements | [6] | ||||
Total Assets | 7,764,000 | 7,905,000 | |||
Liabilities: | |||||
Trading liabilities | 6,421,000 | 6,535,000 | |||
Derivative liabilities | [4] | 76,000 | 25,000 | ||
Netting | [4] | ||||
Subtotal, Liabilities | 6,497,000 | 6,560,000 | |||
Short-term borrowings | [7] | ||||
Payables and deposits | [7],[8] | ||||
Collateralized financing | [6] | ||||
Long-term borrowings | [7],[9],[10] | 23,000 | 5,000 | ||
Other liabilities | [11] | 32,000 | 231,000 | ||
Total Liabilities | 6,552,000 | 6,796,000 | |||
Recurring [Member] | Level 1 [Member] | Equities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [12] | 2,100,000 | 2,338,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 1,796,000 | 2,341,000 | |||
Recurring [Member] | Level 1 [Member] | Private equity and debt investments [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [13] | 22,000 | [3] | ||
Recurring [Member] | Level 1 [Member] | Japanese government securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,730,000 | 1,637,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 1,098,000 | 1,039,000 | |||
Recurring [Member] | Level 1 [Member] | Japanese agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 1 [Member] | Foreign government, agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 3,220,000 | 2,838,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 3,451,000 | 2,912,000 | |||
Recurring [Member] | Level 1 [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Level 1 [Member] | Bank and corporate debt securities [Member] | |||||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 1 [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Level 1 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 1 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Issued/Guaranteed by government sponsored entity [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Level 1 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Level 1 [Member] | Real estate-backed securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Level 1 [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [14] | [3] | |||
Liabilities: | |||||
Trading liabilities | [14] | ||||
Recurring [Member] | Level 1 [Member] | Investment trust funds and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 293,000 | 573,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 76,000 | 243,000 | |||
Recurring [Member] | Level 1 [Member] | Equity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 3,000 | 9,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 2,000 | 1,000 | ||
Recurring [Member] | Level 1 [Member] | Interest rate contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 120,000 | 29,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 60,000 | 21,000 | ||
Recurring [Member] | Level 1 [Member] | Credit contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 12,000 | 4,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 14,000 | 3,000 | ||
Recurring [Member] | Level 1 [Member] | Foreign exchange contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 0 | |||
Liabilities: | |||||
Derivative liabilities | [4] | 0 | |||
Recurring [Member] | Level 1 [Member] | Commodity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 1,000 | 1,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 0 | 0 | ||
Recurring [Member] | Level 1 [Member] | Non-trading debt securities [Member] | |||||
Assets: | |||||
Other assets | 117,000 | 123,000 | |||
Recurring [Member] | Level 1 [Member] | Other [Member] | |||||
Assets: | |||||
Other assets | [3],[12],[15] | 146,000 | 353,000 | ||
Recurring [Member] | Level 2 [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 5,934,000 | 6,742,000 | [3] | ||
Derivative assets | [4] | 17,804,000 | 15,801,000 | ||
Netting | [4] | ||||
Subtotal, Assets | 23,738,000 | 22,543,000 | |||
Loans and receivables | 1,103,000 | [5] | 878,000 | ||
Collateralized agreements | 282,000 | [6] | 349,000 | ||
Total Assets | 25,626,000 | 24,247,000 | |||
Liabilities: | |||||
Trading liabilities | 1,561,000 | 1,436,000 | |||
Derivative liabilities | [4] | 17,424,000 | 15,898,000 | ||
Netting | [4] | ||||
Subtotal, Liabilities | 18,985,000 | 17,334,000 | |||
Short-term borrowings | [7] | 653,000 | 532,000 | ||
Payables and deposits | [7],[8] | 63,000 | 49,000 | ||
Collateralized financing | [6] | 516,000 | 352,000 | ||
Long-term borrowings | [7],[9],[10] | 4,055,000 | 3,546,000 | ||
Other liabilities | [11] | 155,000 | 179,000 | ||
Total Liabilities | 24,427,000 | 21,992,000 | |||
Recurring [Member] | Level 2 [Member] | Equities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [12] | 1,041,000 | 968,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 8,000 | 20,000 | |||
Recurring [Member] | Level 2 [Member] | Private equity and debt investments [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [13] | [3] | |||
Recurring [Member] | Level 2 [Member] | Japanese government securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 2 [Member] | Japanese agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 184,000 | 76,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 1,000 | |||
Recurring [Member] | Level 2 [Member] | Foreign government, agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 2,010,000 | 1,987,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 1,328,000 | 1,172,000 | |||
Recurring [Member] | Level 2 [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,134,000 | 1,259,000 | [3] | ||
Recurring [Member] | Level 2 [Member] | Bank and corporate debt securities [Member] | |||||
Liabilities: | |||||
Trading liabilities | 222,000 | 230,000 | |||
Recurring [Member] | Level 2 [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 0 | 0 | [3] | ||
Recurring [Member] | Level 2 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,450,000 | 2,387,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 0 | |||
Recurring [Member] | Level 2 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Issued/Guaranteed by government sponsored entity [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 1,376,000 | 2,325,000 | [3] | ||
Recurring [Member] | Level 2 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 74,000 | 62,000 | [3] | ||
Recurring [Member] | Level 2 [Member] | Real estate-backed securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 58,000 | 0 | [3] | ||
Recurring [Member] | Level 2 [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [14] | 34,000 | 36,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 3,000 | [14] | 0 | ||
Recurring [Member] | Level 2 [Member] | Investment trust funds and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 23,000 | 29,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 13,000 | |||
Recurring [Member] | Level 2 [Member] | Equity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 874,000 | 1,318,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 1,368,000 | 2,112,000 | ||
Recurring [Member] | Level 2 [Member] | Interest rate contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 11,755,000 | 9,577,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 10,826,000 | 8,948,000 | ||
Recurring [Member] | Level 2 [Member] | Credit contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 398,000 | 427,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 434,000 | 458,000 | ||
Recurring [Member] | Level 2 [Member] | Foreign exchange contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 4,777,000 | 4,479,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 4,795,000 | 4,380,000 | ||
Recurring [Member] | Level 2 [Member] | Commodity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 0 | 0 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 1,000 | 0 | ||
Recurring [Member] | Level 2 [Member] | Non-trading debt securities [Member] | |||||
Assets: | |||||
Other assets | 367,000 | 304,000 | |||
Recurring [Member] | Level 2 [Member] | Other [Member] | |||||
Assets: | |||||
Other assets | [3],[12],[15] | 136,000 | 173,000 | ||
Recurring [Member] | Level 3 [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 398,000 | 366,000 | [3] | ||
Derivative assets | [4] | 222,000 | 162,000 | ||
Netting | [4] | ||||
Subtotal, Assets | 620,000 | 528,000 | |||
Loans and receivables | 205,000 | [5] | 104,000 | ||
Collateralized agreements | 16,000 | [6] | 18,000 | ||
Total Assets | 1,038,000 | 835,000 | |||
Liabilities: | |||||
Trading liabilities | 3,000 | 7,000 | |||
Derivative liabilities | [4] | 246,000 | 269,000 | ||
Netting | [4] | ||||
Subtotal, Liabilities | 249,000 | 276,000 | |||
Short-term borrowings | [7] | 58,000 | 103,000 | ||
Payables and deposits | [7],[8] | 8,000 | 1,000 | ||
Collateralized financing | [6] | 1,000 | |||
Long-term borrowings | [7],[9],[10] | 479,000 | 547,000 | ||
Other liabilities | [11] | 32,000 | 35,000 | ||
Total Liabilities | 826,000 | 963,000 | |||
Recurring [Member] | Level 3 [Member] | Equities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [12] | 14,000 | 16,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 0 | 0 | |||
Recurring [Member] | Level 3 [Member] | Private equity and debt investments [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [13] | 32,000 | 58,000 | [3] | |
Recurring [Member] | Level 3 [Member] | Japanese government securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 3 [Member] | Japanese agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 2,000 | 2,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 3 [Member] | Foreign government, agency and municipal securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 10,000 | 12,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 1,000 | |||
Recurring [Member] | Level 3 [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 220,000 | 135,000 | [3] | ||
Recurring [Member] | Level 3 [Member] | Bank and corporate debt securities [Member] | |||||
Liabilities: | |||||
Trading liabilities | 3,000 | 5,000 | |||
Recurring [Member] | Level 3 [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 7,000 | 8,000 | [3] | ||
Recurring [Member] | Level 3 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 8,000 | 6,000 | [3] | ||
Liabilities: | |||||
Trading liabilities | |||||
Recurring [Member] | Level 3 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Issued/Guaranteed by government sponsored entity [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [3] | ||||
Recurring [Member] | Level 3 [Member] | Residential mortgage-backed securities ("RMBS") [Member] | Other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 8,000 | 6,000 | [3] | ||
Recurring [Member] | Level 3 [Member] | Real estate-backed securities [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 79,000 | 106,000 | [3] | ||
Recurring [Member] | Level 3 [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | [14] | 26,000 | 23,000 | [3] | |
Liabilities: | |||||
Trading liabilities | 0 | [14] | 1,000 | ||
Recurring [Member] | Level 3 [Member] | Investment trust funds and other [Member] | |||||
Assets: | |||||
Trading assets and private equity and debt investments | 0 | 0 | [3] | ||
Liabilities: | |||||
Trading liabilities | 0 | 0 | |||
Recurring [Member] | Level 3 [Member] | Equity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 97,000 | 75,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 87,000 | 116,000 | ||
Recurring [Member] | Level 3 [Member] | Interest rate contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 63,000 | 26,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 74,000 | 69,000 | ||
Recurring [Member] | Level 3 [Member] | Credit contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 33,000 | 24,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 66,000 | 62,000 | ||
Recurring [Member] | Level 3 [Member] | Foreign exchange contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | 29,000 | 37,000 | ||
Liabilities: | |||||
Derivative liabilities | [4] | 19,000 | 22,000 | ||
Recurring [Member] | Level 3 [Member] | Commodity contracts [Member] | |||||
Assets: | |||||
Derivative assets | [4] | ||||
Liabilities: | |||||
Derivative liabilities | [4] | ||||
Recurring [Member] | Level 3 [Member] | Non-trading debt securities [Member] | |||||
Assets: | |||||
Other assets | |||||
Recurring [Member] | Level 3 [Member] | Other [Member] | |||||
Assets: | |||||
Other assets | [3],[12],[15] | ¥ 197,000 | ¥ 185,000 | ||
[1]Includes the amount of embedded derivatives bifurcated in accordance with ASC 815.[2]Represents amounts offset through counterparty offsetting of derivative assets and liabilities as well as cash collateral offsetting against net derivatives under master netting and similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 815. As of March 31, 2021, Nomura offset a total of ¥1,594 billion of cash collateral receivables against net derivative liabilities and ¥1,683 billion of cash collateral payables against net derivative assets. As of March 31, 2022, Nomura offset a total of ¥1,431 billion of cash collateral receivables against net derivative liabilities and ¥1,960 billion of cash collateral payables against net derivative assets.[3]Certain investments that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and March 31, 2022, the fair values of these investments which are included in Trading assets and private equity and debt investments were ¥24 billion and ¥45 billion, respectively. As of March 31, 2021 and March 31, 2022, the fair values of these investments which are included in Other assets—Others were ¥4 billion and ¥3 billion, respectively.[4]Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument.[5]Includes loans and receivables for which the fair value option has been elected.[6]Includes collateralized agreements or collateralized financing for which the fair value option has been elected.[7]Includes deposits received at banks and structured notes for which the fair value option has been elected.[8]Includes embedded derivatives bifurcated from deposits received at banks. If unrealized gains are greater than unrealized losses, deposits are reduced by the excess amount.[9]Includes embedded derivatives bifurcated from issued structured notes. If unrealized gains are greater than unrealized losses, borrowings are reduced by the excess amount.[10]Includes liabilities recognized from secured financing transactions that are accounted for as financings rather than sales. Nomura elected the fair value option for these liabilities.[11]Includes loan commitments for which the fair value option has been elected.[12]Includes equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option.[13]Private equity and debt investments include private non-traded financial instruments including minority private equity and venture capital equity investments and other junior debt investments such as mezzanine debt held for non-trading purposes, and post-IPO investments. Also include minority equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option to these investments as permitted under ASC 825.[14]Includes collateralized loan obligations (“CLOs”) and asset-backed securities (“ABS”) such as those secured on credit card loans, auto loans and student loans.[15]Includes equity investments which comprise listed and unlisted equity securities held for operating purposes in the amounts of ¥93,230 million and ¥33,419 million, respectively, as of March 31, 2021 and ¥101,503 million and ¥32,394 million, respectively, as of March 31, 2022.[16]Represents the amount offset under counterparty netting of derivative assets and liabilities as well as cash collateral netting against net derivatives. |
Fair value measurements - Fai_2
Fair value measurements - Fair value of financial instruments measured on recurring basis (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | ||
Fair value measurements | ||||
Other assets | ¥ 773,586 | ¥ 1,049,432 | ||
Investments in equity securities | 133,897 | 126,649 | ||
Listed Equity [Member] | ||||
Fair value measurements | ||||
Investments in equity securities | 101,503 | 93,230 | ||
Unlisted Equity [Member] | ||||
Fair value measurements | ||||
Investments in equity securities | 32,394 | 33,419 | ||
Recurring [Member] | ||||
Fair value measurements | ||||
Trading assets and private equity and debt investments | 13,697,000 | 14,494,000 | [1] | |
Recurring [Member] | Other [Member] | ||||
Fair value measurements | ||||
Other assets | [1],[2],[3] | 479,000 | 711,000 | |
Recurring [Member] | Net asset value per share [Member] | ||||
Fair value measurements | ||||
Trading assets and private equity and debt investments | 45,000 | 24,000 | ||
Recurring [Member] | Net asset value per share [Member] | Other [Member] | ||||
Fair value measurements | ||||
Other assets | ¥ 3,000 | ¥ 4,000 | ||
[1]Certain investments that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and March 31, 2022, the fair values of these investments which are included in Trading assets and private equity and debt investments were ¥24 billion and ¥45 billion, respectively. As of March 31, 2021 and March 31, 2022, the fair values of these investments which are included in Other assets—Others were ¥4 billion and ¥3 billion, respectively.[2]Includes equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option.[3]Includes equity investments which comprise listed and unlisted equity securities held for operating purposes in the amounts of ¥93,230 million and ¥33,419 million, respectively, as of March 31, 2021 and ¥101,503 million and ¥32,394 million, respectively, as of March 31, 2022. |
Fair value measurements - Addit
Fair value measurements - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Apr. 01, 2020 | |
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | |||
Differences between the fair value of the aggregate unpaid principal balance (which is contractually principally protected) of loans and receivables, more (less) than the principal balance of such loans and receivables | ¥ 267,000 | ¥ 219,000 | |
Differences between the fair value of the aggregate unpaid principal balance (which is contractually principally protected) of long-term borrowings more (less) than the principal balance of such long-term borrowings | 212,000 | ¥ 45,000 | |
The amount of loans and receivables with fair value options that are past due for 90 days or more | ¥ 278,000 | ||
Concentrations of credit risk, percentage | 16% | 15% | |
Cumulative adjustment to retained earnings accumulated deficit | ¥ 1,606,987 | ¥ 1,533,713 | |
Accounting Standards Update 2016-13 [Member] | |||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | |||
Adjustment to carrying value of loans and leases receivables | ¥ (9,774) | ||
Adjustment to loan commitements | 5,888 | ||
Cumulative adjustment to retained earnings accumulated deficit | ¥ (15,662) | ||
Investments in and advances to affiliated companies [Member] | |||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | |||
Asset impairment charges | ¥ 47,661 | ||
American Century Companies, Inc. [Member] | |||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | |||
Percentage of economic interest | 39.21% | 39.27% |
Fair value measurements - Sched
Fair value measurements - Schedule of quantitative and qualitative information regarding significant unobservable inputs (Detail) - Recurring [Member] - Level 3 [Member] ¥ in Billions | 12 Months Ended | |||||
Mar. 31, 2022 JPY (¥) | Mar. 31, 2021 JPY (¥) | Mar. 31, 2020 JPY (¥) | ||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 792 | ¥ 566 | ¥ 722 | |||
Fair Value, Financial Instrument, Liabilities | 580 | 694 | 441 | |||
Trading assets and private equity and debt investments [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | 398 | 366 | 472 | |||
Trading assets and private equity and debt investments [Member] | Equities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 14 | ¥ 16 | 14 | |||
Trading assets and private equity and debt investments [Member] | Equities [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | Not applicable | Not applicable | |||
Trading assets and private equity and debt investments [Member] | Equities [Member] | DCF [Member] | Liquidity discounts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.75 | 0.75 | |||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Equities [Member] | DCF [Member] | Liquidity discounts [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.75 | 0.75 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 32 | ¥ 58 | 31 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | WACC [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | [1] | ||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | WACC [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.071 | 0.063 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | WACC [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.13 | 0.115 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | WACC [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.102 | 0.084 | [1] | ||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Growth rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | [1] | ||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Growth rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Growth rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.02 | 0.01 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Growth rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.007 | 0.005 | [1] | ||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Credit spreads [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [1],[3],[4] | Lower fair value | ||||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Credit spreads [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.076 | ||||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Credit spreads [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.088 | ||||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Credit spreads [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [1],[5],[6] | 0.081 | ||||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Liquidity discounts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | [1] | ||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Liquidity discounts [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.05 | 0.05 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Liquidity discounts [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.30 | 0.30 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | DCF [Member] | Liquidity discounts [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.185 | 0.128 | [1] | ||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 2 | 1.9 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 11.2 | 10.8 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 6.9 | 6.5 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | PE Ratios [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 11.1 | ||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | PE Ratios [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 10.7 | ||||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | PE Ratios [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 12.6 | ||||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | PE Ratios [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 11.6 | 11.1 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | Liquidity discounts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | Liquidity discounts [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.05 | 0.05 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | Liquidity discounts [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.20 | 0.20 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | Market multiples [Member] | Liquidity discounts [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.119 | 0.122 | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 10 | ¥ 12 | 8 | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Credit spreads [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Credit spreads [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0 | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Credit spreads [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.013 | 0.015 | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Credit spreads [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.007 | 0.004 | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Recovery rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.06 | ||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Recovery rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.092 | ||||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Recovery rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.093 | ||||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | DCF [Member] | Recovery rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.06 | 0.092 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 220 | ¥ 135 | 228 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Credit spreads [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Credit spreads [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.001 | 0 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Credit spreads [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 1.147 | 0.231 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Credit spreads [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.072 | 0.074 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Recovery rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Recovery rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Recovery rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 1 | 1 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | DCF [Member] | Recovery rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.844 | 0.733 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 7 | ¥ 8 | 1 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Yields [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Yields [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.043 | 0.042 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Yields [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.111 | 0.106 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Yields [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.046 | 0.05 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Loss severities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Loss severities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.283 | 0.275 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Loss severities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.73 | 0.695 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | DCF [Member] | Loss severities [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.408 | 0.503 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 8 | ¥ 6 | 62 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Yields [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Yields [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Yields [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.222 | 0.143 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Yields [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.084 | 0.014 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Prepayment rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Prepayment rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.069 | 0.064 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Prepayment rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.15 | 0.15 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Prepayment rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.095 | 0.072 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Loss severities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Loss severities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0.008 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Loss severities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.999 | 1 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | DCF [Member] | Loss severities [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.069 | 0.058 | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 79 | ¥ 106 | 94 | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | Not applicable | Not applicable | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | DCF [Member] | Loss severities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | DCF [Member] | Loss severities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0 | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | DCF [Member] | Loss severities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.212 | 0.186 | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | DCF [Member] | Loss severities [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.029 | 0.024 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 26 | ¥ 23 | 32 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | Change in default probabilities typically accompanied by directionally similar change in loss severities and opposite change in prepayment rates | Change in default probabilities typically accompanied by directionally similar change in loss severities and opposite change in prepayment rates | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Yields [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Yields [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.055 | 0.054 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Yields [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.275 | 0.35 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Yields [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.131 | 0.11 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Prepayment rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.20 | ||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Prepayment rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.18 | ||||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Prepayment rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.20 | ||||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Prepayment rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.195 | 0.20 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Default probabilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0.02 | 0.02 | |||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Default probabilities [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.02 | 0.02 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Loss severities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Loss severities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 0 | 0.77 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Loss severities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [2] | 1 | 1 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | DCF [Member] | Loss severities [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading assets and private equity and debt investments | [5],[6] | 0.44 | 0.881 | |||
Equity contracts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | [7] | ¥ 10 | ¥ (41) | 19 | ||
Equity contracts [Member] | Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Equity contracts [Member] | Option models [Member] | Dividend yield [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Equity contracts [Member] | Option models [Member] | Dividend yield [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0 | 0 | |||
Equity contracts [Member] | Option models [Member] | Dividend yield [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.126 | 0.098 | |||
Equity contracts [Member] | Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Equity contracts [Member] | Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0 | 0.04 | |||
Equity contracts [Member] | Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 1.097 | 1.02 | |||
Equity contracts [Member] | Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Equity contracts [Member] | Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | (0.8) | (0.8) | |||
Equity contracts [Member] | Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.97 | 0.98 | |||
Interest rate contracts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | [7] | ¥ (11) | ¥ (43) | (54) | ||
Interest rate contracts [Member] | DCF / Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Interest rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Interest rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | 0.003 | [2] | 0.001 | [5],[6] | ||
Interest rate contracts [Member] | DCF / Option models [Member] | Interest rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | 0.033 | [2] | 0.023 | [5],[6] | ||
Interest rate contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | 0.092 | [2] | 0.096 | [5],[6] | ||
Interest rate contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | 0.139 | [2] | 0.131 | [5],[6] | ||
Interest rate contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.00348 | 0.00249 | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.01283 | 0.0094 | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Interest rate contracts [Member] | DCF / Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | (1) | [2] | (1) | [5],[6] | ||
Interest rate contracts [Member] | DCF / Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | 0.98 | [2] | 0.98 | [5],[6] | ||
Credit contracts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | [7] | ¥ (33) | ¥ (38) | (1) | ||
Credit contracts [Member] | DCF / Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Credit contracts [Member] | DCF / Option models [Member] | Credit spreads [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Credit contracts [Member] | DCF / Option models [Member] | Credit spreads [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0 | 0 | |||
Credit contracts [Member] | DCF / Option models [Member] | Credit spreads [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 4.287 | 0.208 | |||
Credit contracts [Member] | DCF / Option models [Member] | Recovery rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Credit contracts [Member] | DCF / Option models [Member] | Recovery rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0 | 0 | |||
Credit contracts [Member] | DCF / Option models [Member] | Recovery rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.90 | 1.004 | |||
Credit contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Credit contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.50 | 0.419 | |||
Credit contracts [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.676 | 0.65 | |||
Credit contracts [Member] | DCF / Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Credit contracts [Member] | DCF / Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0 | 0.29 | |||
Credit contracts [Member] | DCF / Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.9 | 0.72 | |||
Foreign exchange contracts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | [7] | ¥ 10 | ¥ 15 | 7 | ||
Foreign exchange contracts [Member] | Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Foreign exchange contracts [Member] | Option models [Member] | Interest rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [4] | Higher fair value | [3] | Higher fair value | [1] | |
Foreign exchange contracts [Member] | Option models [Member] | Interest rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.003 | 0.001 | |||
Foreign exchange contracts [Member] | Option models [Member] | Interest rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.029 | 0.021 | |||
Foreign exchange contracts [Member] | Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [4] | Higher fair value | [3] | Higher fair value | [1] | |
Foreign exchange contracts [Member] | Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.024 | 0.026 | |||
Foreign exchange contracts [Member] | Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.393 | 0.315 | |||
Foreign exchange contracts [Member] | Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [4] | Higher fair value | [3] | Higher fair value | [1] | |
Foreign exchange contracts [Member] | Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.00139 | 0.00162 | |||
Foreign exchange contracts [Member] | Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.0024 | 0.00255 | |||
Foreign exchange contracts [Member] | Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [4] | Higher fair value | [3] | Higher fair value | [1] | |
Foreign exchange contracts [Member] | Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | (0.25) | (0.25) | |||
Foreign exchange contracts [Member] | Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Derivatives, net | [2] | 0.84 | 0.8 | |||
Loans and receivables [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 205 | ¥ 104 | 96 | |||
Loans and receivables [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | No predictable interrelationship | [1] | No predictable interrelationship | |||
Loans and receivables [Member] | DCF [Member] | Credit spreads [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | Lower fair value | |||
Loans and receivables [Member] | DCF [Member] | Credit spreads [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Loans and receivables | [2] | 0 | 0 | |||
Loans and receivables [Member] | DCF [Member] | Credit spreads [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Loans and receivables | [2] | 0.215 | 0.256 | |||
Loans and receivables [Member] | DCF [Member] | Credit spreads [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Loans and receivables | 0.06 | [5],[6] | 0.066 | [2] | ||
Loans and receivables [Member] | DCF [Member] | Recovery rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Loans and receivables [Member] | DCF [Member] | Recovery rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Loans and receivables | [2] | 0.44 | 0.264 | |||
Loans and receivables [Member] | DCF [Member] | Recovery rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Loans and receivables | [2] | 1 | 1 | |||
Loans and receivables [Member] | DCF [Member] | Recovery rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Loans and receivables | 0.982 | [5],[6] | 0.958 | [2] | ||
Collateralized agreements [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 16 | ¥ 18 | 15 | |||
Collateralized agreements [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | Not applicable | [1] | Not applicable | |||
Collateralized agreements [Member] | DCF [Member] | Repo rate [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | Lower fair value | [3],[4] | Lower fair value | |||
Collateralized agreements [Member] | DCF [Member] | Repo rate [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Collateralized agreements | 0.028 | 0.028 | ||||
Collateralized agreements [Member] | DCF [Member] | Repo rate [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Collateralized agreements | 0.06 | 0.058 | ||||
Collateralized agreements [Member] | DCF [Member] | Repo rate [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Collateralized agreements | 0.036 | 0.04 | ||||
Other [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Assets | ¥ 197 | [8] | ¥ 185 | [8] | 168 | |
Other [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1],[8] | No predictable interrelationship | No predictable interrelationship | |||
Other [Member] | DCF [Member] | WACC [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 0.101 | 0.092 | |||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Lower fair value | Lower fair value | |||
Other [Member] | DCF [Member] | WACC [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 0.101 | 0.092 | |||
Other [Member] | DCF [Member] | Growth rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 0.02 | 0.02 | |||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Higher fair value | Higher fair value | |||
Other [Member] | DCF [Member] | Growth rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 0.02 | 0.02 | |||
Other [Member] | DCF [Member] | Liquidity discounts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 0.10 | 0.10 | |||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Lower fair value | Lower fair value | |||
Other [Member] | DCF [Member] | Liquidity discounts [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 0.10 | 0.10 | |||
Other [Member] | Market multiples [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1],[8] | Generally changes in multiples result in a corresponding similar directional change in a fair value measurement, assuming earnings levels remain constant. | Generally changes in multiples result in a corresponding similar directional change in a fair value measurement, assuming earnings levels remain constant. | |||
Other [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Higher fair value | Higher fair value | |||
Other [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 3.6 | 5 | |||
Other [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 5.9 | 6.2 | |||
Other [Member] | Market multiples [Member] | EV/EBITDA ratios [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 4.4 | 5.4 | |||
Other [Member] | Market multiples [Member] | PE Ratios [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Higher fair value | Higher fair value | |||
Other [Member] | Market multiples [Member] | PE Ratios [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 6.7 | 8.2 | |||
Other [Member] | Market multiples [Member] | PE Ratios [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 30.8 | 32 | |||
Other [Member] | Market multiples [Member] | PE Ratios [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 13.1 | 13.8 | |||
Other [Member] | Market multiples [Member] | Price/Book ratios [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Higher fair value | Higher fair value | |||
Other [Member] | Market multiples [Member] | Price/Book ratios [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 0.3 | 0.3 | |||
Other [Member] | Market multiples [Member] | Price/Book ratios [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 1.7 | 1.6 | |||
Other [Member] | Market multiples [Member] | Price/Book ratios [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 0.9 | 0.9 | |||
Other [Member] | Market multiples [Member] | Liquidity discounts [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4],[8] | Lower fair value | Lower fair value | |||
Other [Member] | Market multiples [Member] | Liquidity discounts [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 0.25 | 0.10 | |||
Other [Member] | Market multiples [Member] | Liquidity discounts [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [2],[8] | 0.40 | 0.40 | |||
Other [Member] | Market multiples [Member] | Liquidity discounts [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other assets | [5],[6],[8] | 0.306 | 0.306 | |||
Trading Liabilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | ¥ 3 | ¥ 7 | 2 | |||
Trading Liabilities [Member] | Equities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | 0 | 0 | 0 | |||
Trading Liabilities [Member] | Foreign government, agency and municipal securities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | 0 | 1 | 0 | |||
Trading Liabilities [Member] | Collateralized debt obligations ("CDOs") and other [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | 0 | 1 | 1 | |||
Trading Liabilities [Member] | Bank and corporate debt securities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | ¥ 3 | ¥ 5 | 1 | |||
Trading Liabilities [Member] | Bank and corporate debt securities [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | Not applicable | Not applicable | |||
Trading Liabilities [Member] | Bank and corporate debt securities [Member] | DCF [Member] | Recovery rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | Higher fair value | [3],[4] | Higher fair value | |||
Trading Liabilities [Member] | Bank and corporate debt securities [Member] | DCF [Member] | Recovery rates [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading Liabilities | [2] | 0.039 | 0.034 | |||
Trading Liabilities [Member] | Bank and corporate debt securities [Member] | DCF [Member] | Recovery rates [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading Liabilities | [2] | 0.97 | 0.035 | |||
Trading Liabilities [Member] | Bank and corporate debt securities [Member] | DCF [Member] | Recovery rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Trading Liabilities | [5],[6] | 0.841 | 0.034 | |||
Short-term borrowings [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | ¥ 58 | ¥ 103 | 29 | |||
Short-term borrowings [Member] | DCF / Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Short-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Short-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Short-term borrowings | [2] | 0.05 | 0.138 | |||
Short-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Short-term borrowings | [2] | 0.97 | 0.823 | |||
Short-term borrowings [Member] | DCF / Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Short-term borrowings [Member] | DCF / Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Short-term borrowings | [2] | (0.8) | (0.69) | |||
Short-term borrowings [Member] | DCF / Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Short-term borrowings | [2] | 0.93 | 0.96 | |||
Payables and Deposits [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | ¥ 8 | ¥ 1 | 1 | |||
Payables and Deposits [Member] | DCF / Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Payables and deposits | [2] | 0.092 | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Payables and deposits | [2] | 0.113 | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Payables and deposits | [2] | 0.00412 | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Payables and deposits | [2] | 0.00696 | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Payables and deposits | [2] | 0.34 | ||||
Payables and Deposits [Member] | DCF / Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Payables and deposits | [2] | 0.98 | ||||
Long-term borrowings [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | ¥ 479 | ¥ 547 | 409 | |||
Long-term borrowings [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | Not applicable | ||||
Long-term borrowings [Member] | DCF [Member] | Loss severities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | 0 | ||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Lower fair value | ||||
Long-term borrowings [Member] | DCF [Member] | Loss severities [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [5],[6] | 0 | ||||
Long-term borrowings [Member] | DCF / Option models [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | No predictable interrelationship | No predictable interrelationship | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | 0.05 | 0.095 | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | 0.97 | 0.823 | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | 0.00412 | 0.00296 | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Volatilities [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | 0.00696 | 0.0077 | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Correlations [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | Higher fair value | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Correlations [Member] | Minimum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | (1) | (1) | |||
Long-term borrowings [Member] | DCF / Option models [Member] | Correlations [Member] | Maximum [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Long-term borrowings | [2] | 0.98 | 0.98 | |||
Other Liabilities Other [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Fair Value, Financial Instrument, Liabilities | ¥ 32 | ¥ 35 | ¥ 0 | |||
Other Liabilities Other [Member] | DCF [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Interrelationships between valuation inputs | [1] | Not applicable | ||||
Other Liabilities Other [Member] | DCF [Member] | Recovery rates [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other liabilities | [2] | 0.90 | ||||
Impact of increases in significant unobservable valuation inputs | [3],[4] | Higher fair value | ||||
Other Liabilities Other [Member] | DCF [Member] | Recovery rates [Member] | Weighted Average [Member] | ||||||
Quantitative information about significant unobservable inputs [Line Items] | ||||||
Valuation inputs, Other liabilities | [5],[6] | 0.90 | ||||
[1]Consideration of the interrelationships between significant unobservable valuation inputs is only relevant where more than one unobservable valuation input is used to determine the fair value measurement of the financial instrument.[2]Range information is provided in percentages, coefficients and multiples and represents the highest and lowest level significant unobservable valuation input used to value that type of financial instrument. A wide dispersion in the range does not necessarily reflect increased uncertainty or subjectivity in the valuation input and is typically just a consequence of the different characteristics of the financial instruments themselves.[3]The above table only considers the impact of an increase in each significant unobservable valuation input on the fair value measurement of the financial instrument. However, a decrease in the significant unobservable valuation input would have the opposite effect on the fair value measurement of the financial instrument. For example, if an increase in a significant unobservable valuation input would result in a lower fair value measurement, a decrease in the significant unobservable valuation input would result in a higher fair value measurement.[4]The impact of an increase in the significant unobservable valuation input on the fair value measurement for a derivative assumes Nomura is long risk to the input e.g., long volatility. Where Nomura is short such risk, the impact of an increase would have a converse effect on the fair value measurement of the derivative.[5]Nomura has not provided weighted average information for derivatives as unlike cash products the risk on such products is distinct from the balance sheet value and is subject to netting.[6]Weighted average information for non-derivatives is calculated by weighting each valuation input by the fair value of the financial instrument.[7]Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument[8]Valuation techniques and unobservable valuation inputs in respect of equity securities reported within Other assets in the consolidated balance sheets. |
Fair value measurements - Sch_2
Fair value measurements - Schedule of movements in Level 3 financial instruments (Detail) - Recurring [Member] - Level 3 [Member] - JPY (¥) ¥ in Billions | 12 Months Ended | ||||
Mar. 31, 2022 | Mar. 31, 2021 | ||||
Assets [Abstract] | |||||
Beginning balance, Assets | ¥ 566 | ¥ 722 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 59 | 36 | ||
Total gains (losses) recognized in other comprehensive income, Assets | 0 | 0 | |||
Purchases/ issues, Assets | [2] | 822 | 481 | ||
Sales/ redemptions, Assets | [2] | (849) | (644) | ||
Settlements, Assets | 14 | (61) | |||
Foreign exchange movements, Assets | 60 | 27 | |||
Transfers into Level 3, Assets | [3],[4] | 148 | 95 | ||
Transfers out of Level 3, Assets | (28) | [1] | (90) | [4] | |
Ending balance, Assets | 792 | 566 | |||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 694 | 441 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | (40) | (42) | ||
Total gains (losses) recognized in other comprehensive income, Liabilities | 2 | (1) | |||
Purchases/ issues, Liabilities | [2] | 649 | 612 | ||
Sales/ redemptions, Liabilities | [2] | (591) | (433) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 7 | 1 | |||
Transfers into Level 3, Liabilities | [3],[4] | 71 | 128 | ||
Transfers out of Level 3, Liabilities | (288) | [1] | (98) | [4] | |
Ending balance, Liabilities | 580 | 694 | |||
Trading assets and private equity and debt investments [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 366 | 472 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 3 | 14 | ||
Purchases/ issues, Assets | [2] | 723 | 435 | ||
Sales/ redemptions, Assets | [2] | (754) | (535) | ||
Foreign exchange movements, Assets | 30 | 14 | |||
Transfers into Level 3, Assets | [3],[4] | 94 | 38 | ||
Transfers out of Level 3, Assets | (64) | [1] | (72) | [4] | |
Ending balance, Assets | 398 | 366 | |||
Trading assets and private equity and debt investments [Member] | Equities [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 16 | 14 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 3 | 5 | ||
Purchases/ issues, Assets | [2] | 2 | 23 | ||
Sales/ redemptions, Assets | [2] | (9) | (29) | ||
Foreign exchange movements, Assets | 1 | 1 | |||
Transfers into Level 3, Assets | [3],[4] | 3 | 2 | ||
Transfers out of Level 3, Assets | (2) | [1] | 0 | [4] | |
Ending balance, Assets | 14 | 16 | |||
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 58 | 31 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 2 | 11 | ||
Purchases/ issues, Assets | [2] | 14 | 19 | ||
Sales/ redemptions, Assets | [2] | (30) | (4) | ||
Foreign exchange movements, Assets | 1 | 1 | |||
Transfers out of Level 3, Assets | [1] | (13) | |||
Ending balance, Assets | 32 | 58 | |||
Trading assets and private equity and debt investments [Member] | Japanese agency and municipal securities [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 2 | 2 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 0 | 0 | ||
Purchases/ issues, Assets | [2] | 0 | 0 | ||
Sales/ redemptions, Assets | [2] | 0 | 0 | ||
Transfers into Level 3, Assets | [3],[4] | 0 | |||
Transfers out of Level 3, Assets | [4] | 0 | |||
Ending balance, Assets | 2 | 2 | |||
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 12 | 8 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 1 | 1 | ||
Purchases/ issues, Assets | [2] | 13 | 21 | ||
Sales/ redemptions, Assets | [2] | (16) | (16) | ||
Foreign exchange movements, Assets | 0 | 0 | |||
Transfers into Level 3, Assets | [3],[4] | 2 | 5 | ||
Transfers out of Level 3, Assets | (2) | [1] | (7) | [4] | |
Ending balance, Assets | 10 | 12 | |||
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 135 | 228 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | (3) | 1 | ||
Purchases/ issues, Assets | [2] | 207 | 66 | ||
Sales/ redemptions, Assets | [2] | (194) | (165) | ||
Foreign exchange movements, Assets | 16 | 9 | |||
Transfers into Level 3, Assets | [3],[4] | 89 | 31 | ||
Transfers out of Level 3, Assets | (30) | [1] | (35) | [4] | |
Ending balance, Assets | 220 | 135 | |||
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 8 | 1 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 0 | 1 | ||
Purchases/ issues, Assets | [2] | 0 | 6 | ||
Sales/ redemptions, Assets | [2] | (1) | 0 | ||
Foreign exchange movements, Assets | 0 | 0 | |||
Transfers into Level 3, Assets | [3],[4] | 0 | |||
Transfers out of Level 3, Assets | 0 | [1] | 0 | [4] | |
Ending balance, Assets | 7 | 8 | |||
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 6 | 62 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 0 | 0 | ||
Purchases/ issues, Assets | [2] | 5 | 12 | ||
Sales/ redemptions, Assets | [2] | (4) | (46) | ||
Foreign exchange movements, Assets | 1 | 1 | |||
Transfers into Level 3, Assets | [3],[4] | 0 | |||
Transfers out of Level 3, Assets | [4] | (23) | |||
Ending balance, Assets | 8 | 6 | |||
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 106 | 94 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 4 | (5) | ||
Purchases/ issues, Assets | [2] | 370 | 170 | ||
Sales/ redemptions, Assets | [2] | (395) | (155) | ||
Foreign exchange movements, Assets | 10 | 2 | |||
Transfers out of Level 3, Assets | (16) | [1] | 0 | [4] | |
Ending balance, Assets | 79 | 106 | |||
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 23 | 32 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | (4) | 0 | ||
Purchases/ issues, Assets | [2] | 96 | 102 | ||
Sales/ redemptions, Assets | [2] | (89) | (104) | ||
Foreign exchange movements, Assets | 1 | 0 | |||
Transfers into Level 3, Assets | [3],[4] | 0 | |||
Transfers out of Level 3, Assets | (1) | [1] | (7) | [4] | |
Ending balance, Assets | 26 | 23 | |||
Trading assets and private equity and debt investments [Member] | Investment trust funds and other [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 0 | 0 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 0 | 0 | ||
Purchases/ issues, Assets | [2] | 16 | 16 | ||
Sales/ redemptions, Assets | [2] | (16) | (16) | ||
Foreign exchange movements, Assets | 0 | 0 | |||
Transfers into Level 3, Assets | [3],[4] | 0 | 0 | ||
Ending balance, Assets | 0 | 0 | |||
Equity contracts [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | [5] | (41) | 19 | ||
Total gains (losses) recognized in net revenue, Assets | [1],[5] | 43 | (43) | ||
Settlements, Assets | [5] | 3 | (26) | ||
Foreign exchange movements, Assets | [5] | (1) | 0 | ||
Transfers into Level 3, Assets | [3],[4],[5] | (31) | 20 | ||
Transfers out of Level 3, Assets | [4],[5] | 37 | (11) | ||
Ending balance, Assets | [5] | 10 | (41) | ||
Interest rate contracts [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | [5] | (43) | (54) | ||
Total gains (losses) recognized in net revenue, Assets | [1],[5] | (7) | 16 | ||
Settlements, Assets | [5] | 13 | (6) | ||
Foreign exchange movements, Assets | [5] | 0 | 1 | ||
Transfers into Level 3, Assets | [3],[4],[5] | 14 | (3) | ||
Transfers out of Level 3, Assets | [4],[5] | 12 | 3 | ||
Ending balance, Assets | [5] | (11) | (43) | ||
Credit contracts [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | [5] | (38) | (1) | ||
Total gains (losses) recognized in net revenue, Assets | [1],[5] | 6 | (19) | ||
Settlements, Assets | [5] | 2 | (14) | ||
Foreign exchange movements, Assets | [5] | (2) | (1) | ||
Transfers into Level 3, Assets | [3],[4],[5] | (2) | (4) | ||
Transfers out of Level 3, Assets | [4],[5] | 1 | 1 | ||
Ending balance, Assets | [5] | (33) | (38) | ||
Foreign exchange contracts [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | [5] | 15 | 7 | ||
Total gains (losses) recognized in net revenue, Assets | [1],[5] | (1) | 20 | ||
Settlements, Assets | [5] | (4) | (15) | ||
Foreign exchange movements, Assets | [5] | 1 | 1 | ||
Transfers into Level 3, Assets | [3],[4],[5] | 0 | (2) | ||
Transfers out of Level 3, Assets | [4],[5] | (1) | 4 | ||
Ending balance, Assets | [5] | 10 | 15 | ||
Derivatives, net [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | [5] | (107) | (29) | ||
Total gains (losses) recognized in net revenue, Assets | [1],[5] | 41 | (26) | ||
Settlements, Assets | [5] | 14 | (61) | ||
Foreign exchange movements, Assets | [5] | (2) | 1 | ||
Transfers into Level 3, Assets | [3],[4],[5] | (19) | 11 | ||
Transfers out of Level 3, Assets | [4],[5] | 49 | (3) | ||
Ending balance, Assets | [5] | (24) | (107) | ||
Subtotal [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 259 | 443 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 44 | (12) | ||
Purchases/ issues, Assets | [2] | 723 | 435 | ||
Sales/ redemptions, Assets | [2] | (754) | (535) | ||
Settlements, Assets | 14 | (61) | |||
Foreign exchange movements, Assets | 28 | 15 | |||
Transfers into Level 3, Assets | [3],[4] | 75 | 49 | ||
Transfers out of Level 3, Assets | (15) | [1] | (75) | [4] | |
Ending balance, Assets | 374 | 259 | |||
Loans and receivables [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 104 | 96 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | 18 | 2 | ||
Purchases/ issues, Assets | [2] | 95 | 42 | ||
Sales/ redemptions, Assets | [2] | (89) | (69) | ||
Foreign exchange movements, Assets | 16 | 7 | |||
Transfers into Level 3, Assets | [3],[4] | 73 | 41 | ||
Transfers out of Level 3, Assets | (12) | [1] | (15) | [4] | |
Ending balance, Assets | 205 | 104 | |||
Collateralized agreements [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 18 | 15 | |||
Total gains (losses) recognized in net revenue, Assets | [1] | (1) | (1) | ||
Purchases/ issues, Assets | [2] | 2 | |||
Sales/ redemptions, Assets | [2] | (5) | (1) | ||
Foreign exchange movements, Assets | 2 | 0 | |||
Transfers into Level 3, Assets | 5 | ||||
Ending balance, Assets | 16 | 18 | |||
Other [Member] | |||||
Assets [Abstract] | |||||
Beginning balance, Assets | 185 | [6] | 168 | ||
Total gains (losses) recognized in net revenue, Assets | [1] | (2) | 47 | ||
Total gains (losses) recognized in other comprehensive income, Assets | 0 | 0 | |||
Purchases/ issues, Assets | [2] | 2 | 4 | ||
Sales/ redemptions, Assets | [2] | (1) | (39) | ||
Foreign exchange movements, Assets | 14 | 5 | |||
Transfers into Level 3, Assets | [3],[4] | 0 | |||
Transfers out of Level 3, Assets | (1) | [1] | 0 | [4] | |
Ending balance, Assets | [6] | 197 | 185 | ||
Trading liabilities [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 7 | 2 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 1 | ||
Purchases/ issues, Liabilities | [2] | 7 | 16 | ||
Sales/ redemptions, Liabilities | [2] | (10) | (12) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | (1) | 1 | |||
Transfers into Level 3, Liabilities | [3],[4] | 8 | 2 | ||
Transfers out of Level 3, Liabilities | (8) | [1] | (1) | [4] | |
Ending balance, Liabilities | 3 | 7 | |||
Trading liabilities [Member] | Equities [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 0 | 0 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 0 | ||
Purchases/ issues, Liabilities | [2] | 0 | 1 | ||
Sales/ redemptions, Liabilities | [2] | 0 | (1) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 0 | 0 | |||
Transfers into Level 3, Liabilities | [3],[4] | 0 | |||
Transfers out of Level 3, Liabilities | 0 | [1] | 0 | [4] | |
Ending balance, Liabilities | 0 | 0 | |||
Trading liabilities [Member] | Foreign government, agency and municipal securities [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 1 | 0 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 0 | ||
Purchases/ issues, Liabilities | [2] | 0 | 0 | ||
Sales/ redemptions, Liabilities | [2] | (1) | 0 | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 0 | 1 | |||
Ending balance, Liabilities | 0 | 1 | |||
Trading liabilities [Member] | Bank and corporate debt securities [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 5 | 1 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 0 | ||
Purchases/ issues, Liabilities | [2] | 5 | 4 | ||
Sales/ redemptions, Liabilities | [2] | (6) | (1) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | (1) | 0 | |||
Transfers into Level 3, Liabilities | [3],[4] | 8 | 2 | ||
Transfers out of Level 3, Liabilities | (8) | [1] | (1) | [4] | |
Ending balance, Liabilities | 3 | 5 | |||
Trading liabilities [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 1 | 1 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 1 | ||
Purchases/ issues, Liabilities | [2] | 2 | 11 | ||
Sales/ redemptions, Liabilities | [2] | (3) | (10) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 0 | 0 | |||
Transfers into Level 3, Liabilities | [3],[4] | 0 | |||
Ending balance, Liabilities | 0 | 1 | |||
Trading liabilities [Member] | Investment trust funds and other [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 0 | 0 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 0 | ||
Purchases/ issues, Liabilities | [2] | 0 | 0 | ||
Sales/ redemptions, Liabilities | [2] | 0 | 0 | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 0 | 0 | |||
Ending balance, Liabilities | 0 | 0 | |||
Short-term borrowings [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 103 | 29 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | (8) | (5) | ||
Total gains (losses) recognized in other comprehensive income, Liabilities | 0 | 0 | |||
Purchases/ issues, Liabilities | [2] | 152 | 220 | ||
Sales/ redemptions, Liabilities | [2] | (136) | (137) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 1 | 0 | |||
Transfers into Level 3, Liabilities | [3],[4] | 15 | 13 | ||
Transfers out of Level 3, Liabilities | (85) | [1] | (27) | [4] | |
Ending balance, Liabilities | 58 | 103 | |||
Payables and deposits [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 1 | 1 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | 0 | 0 | ||
Total gains (losses) recognized in other comprehensive income, Liabilities | 0 | 0 | |||
Purchases/ issues, Liabilities | [2] | 2 | 0 | ||
Sales/ redemptions, Liabilities | [2] | 0 | |||
Settlements, Liabilities | |||||
Transfers into Level 3, Liabilities | [3],[4] | 7 | 1 | ||
Transfers out of Level 3, Liabilities | (2) | [1] | (1) | [4] | |
Ending balance, Liabilities | 8 | 1 | |||
Collateralized financing [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 1 | ||||
Total gains (losses) recognized in net revenue, Liabilities | [1] | (1) | |||
Foreign exchange movements, Liabilities | 0 | ||||
Transfers out of Level 3, Liabilities | [1] | (1) | |||
Ending balance, Liabilities | 1 | ||||
Long-term borrowings [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 547 | 409 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | (6) | (35) | ||
Total gains (losses) recognized in other comprehensive income, Liabilities | 2 | (1) | |||
Purchases/ issues, Liabilities | [2] | 487 | 343 | ||
Sales/ redemptions, Liabilities | [2] | (409) | (284) | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 1 | 0 | |||
Transfers into Level 3, Liabilities | [3],[4] | 41 | 111 | ||
Transfers out of Level 3, Liabilities | (192) | [1] | (68) | [4] | |
Ending balance, Liabilities | 479 | 547 | |||
Other liabilities [Member] | |||||
Liabilities [Abstract] | |||||
Beginning balance, Liabilities | 35 | 0 | |||
Total gains (losses) recognized in net revenue, Liabilities | [1] | (26) | (2) | ||
Purchases/ issues, Liabilities | [2] | 1 | 33 | ||
Sales/ redemptions, Liabilities | [2] | (36) | 0 | ||
Settlements, Liabilities | |||||
Foreign exchange movements, Liabilities | 6 | 0 | |||
Transfers into Level 3, Liabilities | [3],[4] | 0 | 1 | ||
Transfers out of Level 3, Liabilities | 0 | [1] | (1) | [4] | |
Ending balance, Liabilities | ¥ 32 | ¥ 35 | |||
[1]Includes gains and losses reported primarily within Net gain on trading, Gain on private equity and debt investments, and also within Gain (loss) on investments in equity securities, Revenue—Other and Non-interest expenses—Other, Interest and dividends and Interest expense in the consolidated statements of income.[2]Amounts reported in Purchases / issues include increases in trading liabilities while Sales / redemptions include decreases in trading liabilities.[3]Amounts of gains and losses on these transfers which were recognized in the period when the Transfers into Level 3 occurred were not significant for the year ended March 31, 2021 and March 31, 2022.[4]Transfers into Level 3 indicate certain valuation inputs of a financial instrument become unobservable or significant. Transfers out of Level 3 indicate certain valuation inputs of a financial instrument become observable or insignificant. See Quantitative and qualitative information regarding significant unobservable inputs above for the valuation inputs of each financial instruments.[5]Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument[6]Valuation techniques and unobservable valuation inputs in respect of equity securities reported within Other assets in the consolidated balance sheets. |
Fair value measurements - Sch_3
Fair value measurements - Schedule of unrealized gains and losses recognized for Level 3 financial instruments (Detail) - Recurring [Member] - Level 3 [Member] - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | ¥ 47 | ¥ (5) |
Unrealized gains/(losses), Liabilities | [1] | 13 | (8) |
Trading assets and private equity and debt investments [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | (5) | 10 |
Trading assets and private equity and debt investments [Member] | Equities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 2 | 4 |
Trading assets and private equity and debt investments [Member] | Private equity and debt investments [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 1 | 12 |
Trading assets and private equity and debt investments [Member] | Japanese agency and municipal securities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 0 | 0 |
Trading assets and private equity and debt investments [Member] | Foreign government, agency and municipal securities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 0 | 1 |
Trading assets and private equity and debt investments [Member] | Bank and corporate debt securities and loans for trading purposes [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | (2) | (1) |
Trading assets and private equity and debt investments [Member] | Commercial mortgage-backed securities ("CMBS") [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 0 | 0 |
Trading assets and private equity and debt investments [Member] | Residential mortgage-backed securities ("RMBS") [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 0 | 0 |
Trading assets and private equity and debt investments [Member] | Real estate-backed securities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 1 | (3) |
Trading assets and private equity and debt investments [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | (7) | (3) |
Trading assets and private equity and debt investments [Member] | Investment trust funds and other [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 0 | 0 |
Equity contracts [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1],[2] | 46 | (66) |
Interest rate contracts [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1],[2] | 0 | 16 |
Credit contracts [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1],[2] | 5 | (21) |
Foreign exchange contracts [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1],[2] | (13) | 19 |
Derivatives, net [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1],[2] | 38 | (52) |
Subtotal [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 33 | (42) |
Loans and receivables [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 16 | (3) |
Collateralized agreements [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | 0 | (1) |
Other [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Assets | [1] | (2) | 41 |
Trading liabilities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1] | 0 | 0 |
Trading liabilities [Member] | Equities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1] | 0 | 0 |
Trading liabilities [Member] | Foreign government, agency and municipal securities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1] | 0 | 0 |
Trading liabilities [Member] | Bank and corporate debt securities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1] | 0 | 0 |
Trading liabilities [Member] | Collateralized debt obligations ("CDOs") and other [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1] | 0 | 0 |
Short-term borrowings [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1],[3] | 2 | 4 |
Payables and deposits [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1],[3] | 0 | 0 |
Collateralized financing [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1],[3] | 0 | |
Long-term borrowings [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1],[3] | 18 | (17) |
Other liabilities [Member] | |||
Fair value, assets and liabilities measured on recurring basis, unobservable input reconciliation [Line items] | |||
Unrealized gains/(losses), Liabilities | [1] | ¥ (7) | ¥ 5 |
[1]Includes gains and losses reported within Net gain on trading, Gain on private equity and debt investments, and also within Gain on investments in equity securities, Revenue—Other and Non-interest expenses—Other, Interest and dividends and Interest expense in the consolidated statements of income.[2]Derivatives which contain multiple types of risk are classified based on the primary risk type of the instrument.[3]Includes changes in unrealized gains and losses in Other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period. They were ¥0 billion and ¥5 billion for the years ended March 31, 2021 and 2022. |
Fair value measurements - Sch_4
Fair value measurements - Schedule of unrealized gains and losses recognized for Level 3 financial instruments (Detail) (Parenthetical) - JPY (¥) ¥ in Billions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Unrealized gains and losses from financial liability in Other comprehensive income (loss) | ¥ 5 | ¥ 0 |
Fair value measurements - Infor
Fair value measurements - Information on investments where net asset value per share is calculated or disclosed (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Fair value | ¥ 48 | ¥ 28 | |
Unfunded commitments | [1] | 31 | 24 |
Hedge funds [Member] | |||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Fair value | 12 | 2 | |
Unfunded commitments | [1] | ¥ 1 | |
Redemption frequency (if currently eligible) | [2] | Monthly | Monthly |
Hedge funds [Member] | Minimum [Member] | |||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Redemption notice | [3] | 1 day | 1 day |
Hedge funds [Member] | Maximum [Member] | |||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Redemption notice | [3] | 30 days | 30 days |
Venture capital funds [Member] | |||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Fair value | ¥ 10 | ¥ 4 | |
Unfunded commitments | [1] | ¥ 10 | ¥ 2 |
Redemption frequency (if currently eligible) | [2] | ||
Redemption notice | [3] | ||
Private equity funds [Member] | |||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Fair value | ¥ 22 | ¥ 18 | |
Unfunded commitments | [1] | ¥ 19 | ¥ 21 |
Redemption frequency (if currently eligible) | [2] | ||
Redemption notice | [3] | ||
Real estate funds [Member] | |||
Fair value, balance sheet grouping, financial statement captions [Line Items] | |||
Fair value | ¥ 4 | ¥ 4 | |
Unfunded commitments | [1] | ¥ 1 | ¥ 1 |
Redemption frequency (if currently eligible) | [2] | ||
Redemption notice | [3] | ||
[1]The contractual amount of any unfunded commitments Nomura is required to make to the entities in which the investment is held.[2]The range in frequency with which Nomura is permitted to redeem investments.[3]The range in notice period required to be provided before redemption is possible. |
Fair value measurements - Gains
Fair value measurements - Gains (losses) due to changes in fair value for financial instruments measured at fair value using fair value option (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | ||||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |||||
Short-term borrowings [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1],[2] | ¥ 60 | ¥ (83) | ¥ 64 | |||
Payables and deposits [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1] | 4 | 3 | 0 | |||
Collateralized financing [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1],[3] | 3 | 9 | (2) | |||
Long-term borrowings [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1],[2],[4] | 275 | (194) | 58 | |||
Other liabilities [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1],[5] | 4 | 3 | 2 | |||
Total [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1] | 346 | (262) | 122 | |||
Trading assets [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [6] | 1 | 2 | [1] | 1 | ||
Private equity and debt investments [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1] | 6 | 0 | (1) | |||
Loans and receivables [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1] | 39 | 7 | 2 | |||
Collateralized agreements [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | (1) | [3] | 5 | [1] | 4 | [3] | |
Other assets [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [6] | (3) | 51 | [1] | (16) | ||
Total [Member] | |||||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||||
Gains/(Losses) | [1] | ¥ 42 | ¥ 65 | ¥ (10) | |||
[1]Includes gains and losses reported primarily within Revenue—Net gain on trading and Revenue—Other in the consolidated statements of income.[2]Includes structured notes and other financial liabilities.[3]Includes reverse repurchase and repurchase agreements.[4]Includes secured financing transactions arising from transfers of financial assets which did not meet the criteria for sales accounting.[5]Includes unfunded written loan commitments.[6]Includes equity investments that would have been accounted for under the equity method had Nomura not chosen to elect the fair value option. |
Fair value measurements - Impac
Fair value measurements - Impact of changes in its own creditworthiness on certain financial liabilities (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Fair Value Disclosures [Abstract] | ||
Changes recognized as a credit (debit) to other comprehensive income | ¥ 60 | ¥ (88) |
Credit (debit) amounts reclassified to earnings | 1 | (10) |
Cumulative credit (debit) balance recognized in accumulated other comprehensive income | ¥ 49 | ¥ (11) |
Fair value measurements - Geogr
Fair value measurements - Geographic allocations of trading assets related to government, agency and municipal securities (Detail) - Government, agency and municipal securities [Member] - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | |
Fair value, concentration of credit risk [Line items] | |||
Trading assets | [1] | ¥ 7,156 | ¥ 6,552 |
Japan [Member] | |||
Fair value, concentration of credit risk [Line items] | |||
Trading assets | 1,916 | 1,715 | |
U.S. [Member] | |||
Fair value, concentration of credit risk [Line items] | |||
Trading assets | 2,368 | 1,888 | |
EU & U.K. [Member] | |||
Fair value, concentration of credit risk [Line items] | |||
Trading assets | 2,151 | 2,329 | |
Other [Member] | |||
Fair value, concentration of credit risk [Line items] | |||
Trading assets | ¥ 721 | ¥ 620 | |
[1]Other than above, there were ¥299 billion and ¥331 billion of government, agency and municipal securities reported within Other assets—Non-trading debt securities in the consolidated balance sheets as of March 31, 2021 and 2022, respectively. These securities are primarily Japanese government, agency and municipal securities. |
Fair value measurements - Geo_2
Fair value measurements - Geographic allocations of trading assets related to government, agency and municipal securities (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Fair value, concentration of credit risk [Line items] | ||
Non-trading debt securities | ¥ 484,681 | ¥ 426,758 |
Government, agency and municipal securities [Member] | ||
Fair value, concentration of credit risk [Line items] | ||
Non-trading debt securities | ¥ 331,000 | ¥ 299,000 |
Fair value measurements - Sch_5
Fair value measurements - Schedule of carrying values, fair values and classification within the fair value hierarchy for certain classes of financial instrument (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Liabilities: | |||
Deposits received at banks | ¥ 71,156 | ¥ 49,874 | |
Level 1 [Member] | |||
Assets: | |||
Cash and cash equivalents | [1] | 3,316,000 | 3,510,000 |
Time deposits | |||
Deposits with stock exchanges and other segregated cash | [1] | ||
Loans receivable | [1],[2] | ||
Securities purchased under agreements to resell | [1] | ||
Securities borrowed | [1] | ||
Total Assets | [1] | 3,316,000 | 3,510,000 |
Liabilities: | |||
Short-term borrowings | [1] | ||
Deposits received at banks | [1] | ||
Securities sold under agreements to repurchase | [1] | ||
Securities loaned | [1] | ||
Other secured borrowings | [1] | ||
Long-term borrowings | [1] | 23,000 | 5,000 |
Total Liabilities | [1] | 23,000 | 5,000 |
Level 2 [Member] | |||
Assets: | |||
Cash and cash equivalents | [1] | ||
Time deposits | 321,000 | 281,000 | |
Deposits with stock exchanges and other segregated cash | [1] | 427,000 | 374,000 |
Loans receivable | [1],[2] | 2,461,000 | 2,120,000 |
Securities purchased under agreements to resell | [1] | 11,863,000 | 10,757,000 |
Securities borrowed | [1] | 4,994,000 | 5,264,000 |
Total Assets | [1] | 20,066,000 | 18,796,000 |
Liabilities: | |||
Short-term borrowings | [1] | 993,000 | 1,265,000 |
Deposits received at banks | [1] | 1,752,000 | 1,342,000 |
Securities sold under agreements to repurchase | [1] | 12,575,000 | 13,360,000 |
Securities loaned | [1] | 1,568,000 | 1,381,000 |
Other secured borrowings | [1] | 396,000 | 393,000 |
Long-term borrowings | [1] | 8,688,000 | 7,370,000 |
Total Liabilities | [1] | 25,972,000 | 25,111,000 |
Level 3 [Member] | |||
Assets: | |||
Cash and cash equivalents | [1] | ||
Time deposits | |||
Deposits with stock exchanges and other segregated cash | [1] | ||
Loans receivable | [1],[2] | 1,054,000 | 817,000 |
Securities purchased under agreements to resell | [1] | 16,000 | 18,000 |
Securities borrowed | [1] | ||
Total Assets | [1] | 1,070,000 | 835,000 |
Liabilities: | |||
Short-term borrowings | [1] | 57,000 | 103,000 |
Deposits received at banks | [1] | 9,000 | 1,000 |
Securities sold under agreements to repurchase | [1] | 0 | 0 |
Securities loaned | [1] | ||
Other secured borrowings | [1] | ||
Long-term borrowings | [1] | 525,000 | 603,000 |
Total Liabilities | [1] | 591,000 | 707,000 |
Carrying value [Member] | |||
Assets: | |||
Cash and cash equivalents | [1] | 3,316,000 | 3,510,000 |
Time deposits | 321,000 | 281,000 | |
Deposits with stock exchanges and other segregated cash | [1] | 427,000 | 374,000 |
Loans receivable | [1],[2] | 3,515,000 | 2,937,000 |
Securities purchased under agreements to resell | [1] | 11,879,000 | 10,775,000 |
Securities borrowed | [1] | 4,997,000 | 5,264,000 |
Total Assets | [1] | 24,455,000 | 23,141,000 |
Liabilities: | |||
Short-term borrowings | [1] | 1,050,000 | 1,368,000 |
Deposits received at banks | [1] | 1,761,000 | 1,342,000 |
Securities sold under agreements to repurchase | [1] | 12,575,000 | 13,360,000 |
Securities loaned | [1] | 1,567,000 | 1,381,000 |
Other secured borrowings | [1] | 396,000 | 393,000 |
Long-term borrowings | [1] | 9,258,000 | 7,975,000 |
Total Liabilities | [1] | 26,607,000 | 25,819,000 |
Fair value [Member] | |||
Assets: | |||
Cash and cash equivalents | [1] | 3,316,000 | 3,510,000 |
Time deposits | 321,000 | 281,000 | |
Deposits with stock exchanges and other segregated cash | [1] | 427,000 | 374,000 |
Loans receivable | [1],[2] | 3,515,000 | 2,937,000 |
Securities purchased under agreements to resell | [1] | 11,879,000 | 10,775,000 |
Securities borrowed | [1] | 4,994,000 | 5,264,000 |
Total Assets | [1] | 24,452,000 | 23,141,000 |
Liabilities: | |||
Short-term borrowings | [1] | 1,050,000 | 1,368,000 |
Deposits received at banks | [1] | 1,761,000 | 1,343,000 |
Securities sold under agreements to repurchase | [1] | 12,575,000 | 13,360,000 |
Securities loaned | [1] | 1,568,000 | 1,381,000 |
Other secured borrowings | [1] | 396,000 | 393,000 |
Long-term borrowings | [1] | 9,236,000 | 7,978,000 |
Total Liabilities | [1] | ¥ 26,586,000 | ¥ 25,823,000 |
[1]Includes financial instruments which are carried at fair value on a recurring basis.[2]Carrying values are shown after deducting relevant allowances for credit losses. |
Derivative instruments and he_3
Derivative instruments and hedging activities - Concentration of exposures to credit risk in OTC derivatives with financial institutions (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Derivative [Line Items] | ||
Gross fair value of derivative assets | ¥ 18,162 | ¥ 16,006 |
Financial institutions [Member] | ||
Derivative [Line Items] | ||
Gross fair value of derivative assets | 15,667 | 13,474 |
Impact of master netting agreements | (13,193) | (11,473) |
Impact of collateral | (1,669) | (1,500) |
Net exposure to credit risk | ¥ 805 | ¥ 501 |
Derivative instruments and he_4
Derivative instruments and hedging activities - Volume of derivative activity in statement of financial position (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | ||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1] | ¥ 3,159,018 | ¥ 2,956,947 | |
Derivative assets, Fair value | 18,162 | 16,006 | ||
Derivative liabilities, Fair value | [1] | 17,739 | 16,191 | |
Derivatives used for trading and non-trading purposes [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1],[2] | 3,156,707 | 2,955,649 | |
Derivative assets, Fair value | [2] | 18,160 | 15,986 | |
Derivative liabilities, Fair value | [1],[2] | 17,651 | 16,177 | |
Derivatives used for trading and non-trading purposes [Member] | Equity contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1],[2] | 34,526 | 40,396 | |
Derivative assets, Fair value | [2] | 974 | 1,402 | |
Derivative liabilities, Fair value | [1],[2] | 1,457 | 2,229 | |
Derivatives used for trading and non-trading purposes [Member] | Interest rate contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1],[2] | 2,769,546 | 2,524,407 | |
Derivative assets, Fair value | [2] | 11,938 | 9,617 | |
Derivative liabilities, Fair value | [1],[2] | 10,865 | 9,023 | |
Derivatives used for trading and non-trading purposes [Member] | Credit contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1],[2] | 37,572 | 38,850 | |
Derivative assets, Fair value | [2] | 443 | 455 | |
Derivative liabilities, Fair value | [1],[2] | 514 | 523 | |
Derivatives used for trading and non-trading purposes [Member] | Foreign exchange contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1],[2] | 314,763 | 351,662 | |
Derivative assets, Fair value | [2] | 4,804 | 4,511 | |
Derivative liabilities, Fair value | [1],[2] | 4,814 | 4,402 | |
Derivatives used for trading and non-trading purposes [Member] | Commodity contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1],[2] | 300 | 334 | |
Derivative assets, Fair value | [2] | 1 | 1 | |
Derivative liabilities, Fair value | [1],[2] | 1 | 0 | |
Derivatives designated as hedging instruments [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1] | 2,311 | 1,298 | |
Derivative assets, Fair value | 2 | 20 | ||
Derivative liabilities, Fair value | [1] | 88 | 14 | |
Derivatives designated as hedging instruments [Member] | Interest rate contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1] | 2,166 | 1,168 | |
Derivative assets, Fair value | 15 | |||
Derivative liabilities, Fair value | [1] | 88 | 14 | |
Derivatives designated as hedging instruments [Member] | Foreign exchange contracts [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Total Notional | [1] | 145 | 130 | |
Derivative assets, Fair value | 2 | 5 | ||
Derivative liabilities, Fair value | [1] | |||
[1]Includes the amount of embedded derivatives bifurcated in accordance with ASC 815.[2]As of March 31, 2021 and 2022, the amounts reported include derivatives used for non-trading purposes other than those designated as fair value or net investment accounting hedges. These amounts have not been separately presented since such amounts were not significant. |
Derivative instruments and he_5
Derivative instruments and hedging activities - Offsetting of derivatives and related collateral amounts (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | ||
Derivative assets | ||||
Gross derivative balances, Derivative assets | ¥ 18,162 | ¥ 16,006 | ||
Less: Amounts offset in the consolidated balance sheets | (16,608) | (14,786) | ||
Total net amounts reported on the face of the consolidated balance sheets | 1,554 | 1,220 | ||
Less: Additional amounts not offset in the consolidated balance sheets [Abstract] | ||||
Financial instruments and non-cash collateral | (432) | (240) | ||
Net amount | 1,122 | 980 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | [1],[2] | 17,739 | 16,191 | |
Less: Amounts offset in the consolidated balance sheets | [2],[3] | (16,079) | (14,697) | |
Total net amounts reported on the face of the consolidated balance sheets | [2],[4] | 1,660 | 1,494 | |
Less: Additional amounts not offset in the consolidated balance sheets [Abstract] | ||||
Financial instruments and non-cash collateral | (134) | [2],[5] | (310) | |
Net amount | 1,526 | 1,184 | ||
Equity contracts [Member] | OTC settled bilaterally [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 709 | 904 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 1,054 | 1,439 | ||
Equity contracts [Member] | Exchange-traded [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 265 | 498 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 403 | 790 | ||
Interest rate contracts [Member] | OTC settled bilaterally [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 9,486 | 8,456 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 8,584 | 7,871 | ||
Interest rate contracts [Member] | OTC centrally-cleared [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 2,332 | 1,147 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 2,309 | 1,146 | ||
Interest rate contracts [Member] | Exchange-traded [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 120 | 29 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 60 | 20 | ||
Credit contracts [Member] | OTC settled bilaterally [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 208 | 169 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 276 | 251 | ||
Credit contracts [Member] | OTC centrally-cleared [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 223 | 282 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 224 | 269 | ||
Credit contracts [Member] | Exchange-traded [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 12 | 4 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 14 | 3 | ||
Foreign exchange contracts [Member] | OTC settled bilaterally [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 4,806 | 4,516 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 4,814 | 4,402 | ||
Commodity contracts [Member] | OTC settled bilaterally [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 1 | 0 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | 1 | 0 | ||
Commodity contracts [Member] | Exchange-traded [Member] | ||||
Derivative assets | ||||
Gross derivative balances, Derivative assets | 0 | 1 | ||
Derivative liabilities | ||||
Gross derivative balances, Derivative liabilities | ¥ 0 | ¥ 0 | ||
[1]Includes all gross derivative asset and liability balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. As of March 31, 2021, the gross balance of derivative assets and derivative liabilities which are not documented under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability was ¥392 billion and ¥589 billion, respectively. As of March 31, 2022, the gross balance of such derivative assets and derivative liabilities was ¥458 billion and ¥671 billion, respectively.[2]Includes the amount of embedded derivatives bifurcated in accordance with ASC 815.[3]Represents amounts offset through counterparty offsetting of derivative assets and liabilities as well as cash collateral offsetting against net derivatives under master netting and similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 815. As of March 31, 2021, Nomura offset a total of ¥1,594 billion of cash collateral receivables against net derivative liabilities and ¥1,683 billion of cash collateral payables against net derivative assets. As of March 31, 2022, Nomura offset a total of ¥1,431 billion of cash collateral receivables against net derivative liabilities and ¥1,960 billion of cash collateral payables against net derivative assets.[4]Net derivative assets and net derivative liabilities are generally reported within Trading assets and private equity and debt investments—Trading assets and Trading liabilities, respectively in the consolidated balance sheet. Bifurcated embedded derivatives are reported within Short-term borrowings or Long-term borrowings depending on the maturity of the underlying host contract.[5]Represents amounts which are not permitted to be offset on the consolidated balance sheets in accordance with ASC 210-20 and ASC 815 but which provide Nomura with a legally enforceable right of offset in the event of counterparty default. Amounts relating to derivative and collateral agreements where Nomura has not yet obtained sufficient evidence of enforceability of such offsetting rights are excluded. As of March 31, 2021, a total of ¥283 billion of cash collateral receivables and ¥572 billion of cash collateral payables, including amounts reported in the table, have not been offset against net derivatives. As of March 31, 2022, a total of ¥359 billion of cash collateral receivables and ¥652 billion of cash collateral payables, including amounts reported in the table, have not been offset against net derivatives. |
Derivative instruments and he_6
Derivative instruments and hedging activities - Offsetting of derivatives and related collateral amounts (Parenthetical) (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Derivative Instruments and Hedging Activities [Abstract] | ||
Gross balances of derivative assets, not subject to enforceable master netting arrangements or similar agreements | ¥ 458 | ¥ 392 |
Gross balances of derivative liabilities, not subject to enforceable master netting arrangements or similar agreements | 671 | 589 |
Cash collateral receivables against net derivative liabilities | 1,431 | 1,594 |
Cash collateral payables against net derivative assets | 1,960 | 1,683 |
Cash collateral receivables, not being offset against net derivatives | 359 | 283 |
Cash collateral payables, not being offset against net derivatives | ¥ 652 | ¥ 572 |
Derivative instruments and he_7
Derivative instruments and hedging activities - Schedule of derivatives used for trading and non-trading purposes (Detail) - Derivatives used for trading and non-trading purposes [Member] - JPY (¥) ¥ in Billions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||
Derivative [Line Items] | ||||
Gains (losses) on derivatives used for trading and non-trading purposes | [1] | ¥ 158 | ¥ 229 | ¥ (161) |
Equity contracts [Member] | ||||
Derivative [Line Items] | ||||
Gains (losses) on derivatives used for trading and non-trading purposes | [1] | (36) | 26 | 93 |
Interest rate contracts [Member] | ||||
Derivative [Line Items] | ||||
Gains (losses) on derivatives used for trading and non-trading purposes | [1] | 198 | 254 | (192) |
Credit contracts [Member] | ||||
Derivative [Line Items] | ||||
Gains (losses) on derivatives used for trading and non-trading purposes | [1] | (118) | (90) | (118) |
Foreign exchange contracts [Member] | ||||
Derivative [Line Items] | ||||
Gains (losses) on derivatives used for trading and non-trading purposes | [1] | 27 | (11) | 57 |
Commodity contracts [Member] | ||||
Derivative [Line Items] | ||||
Gains (losses) on derivatives used for trading and non-trading purposes | [1] | ¥ 87 | ¥ 50 | ¥ (1) |
[1]Includes net gains (losses) on derivatives used for non-trading purposes which are not designated as fair value or net investment hedges. For the year ended March 31, 2020, these amounts were not significant. For the year ended March 31, 2021, net losses for these non-trading derivatives were ¥3 billion. For the year ended March 31, 2022, these amounts were not significant. |
Derivative instruments and he_8
Derivative instruments and hedging activities - Schedule of derivatives used for trading and non-trading purposes (Parenthetical) (Detail) ¥ in Billions | 12 Months Ended |
Mar. 31, 2021 JPY (¥) | |
Non Trading Derivatives [Member] | |
Derivative [Line Items] | |
Gains (losses) on derivatives used for trading and non-trading purposes | ¥ 3 |
Derivative instruments and he_9
Derivative instruments and hedging activities - Schedule of derivative instruments in statement of financial position fair value (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Carrying amount of the hedged assets/liabilities | ¥ 2,075 | ¥ 1,164 |
Cumulative gains of fair value hedging adjustment included in the carrying amount of the hedged assets/liabilities | 90 | 2 |
Cumulative amount of fair value hedging adjustment remaining for the liabilities which hedge accounting has been discontinued | 0 | 0 |
Long-term borrowings [Member] | ||
Carrying amount of the hedged assets/liabilities | 2,075 | 1,164 |
Cumulative gains of fair value hedging adjustment included in the carrying amount of the hedged assets/liabilities | 90 | 2 |
Cumulative amount of fair value hedging adjustment remaining for the liabilities which hedge accounting has been discontinued | ¥ 0 | ¥ 0 |
Derivative instruments and h_10
Derivative instruments and hedging activities - Schedule of derivatives designated as hedging instruments and hedged items (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Hedged Items [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (losses) on fair value hedges recognized | ¥ (85) | ¥ (29) | ¥ 26 |
Hedged Items [Member] | Long-term borrowings [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (losses) on fair value hedges recognized | (85) | (29) | 26 |
Derivatives designated as hedging instruments [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (losses) on fair value hedges recognized | 85 | 29 | (26) |
Derivatives designated as hedging instruments [Member] | Interest rate contracts [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (losses) on fair value hedges recognized | ¥ 85 | ¥ 29 | ¥ (26) |
Derivative instruments and h_11
Derivative instruments and hedging activities - Schedule of gains (losses) from derivatives and non-derivatives designated as net investment hedges (Detail) - Net investment hedges [Member] - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (losses) from derivatives designated as net investment hedges | ¥ 7 | ¥ (7) | ¥ 2 |
Foreign exchange contracts [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (losses) from derivatives designated as net investment hedges | ¥ 7 | ¥ (7) | ¥ 2 |
Derivative instruments and h_12
Derivative instruments and hedging activities - Additional information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative liability position with credit-risk-related contingent features | ¥ 638,000 | ¥ 727,000 | |
Collateral pledged for derivative instruments with credit-risk-related contingent features that are in a liability position | 421,000 | 583,000 | |
Additional collateral required to be posted, aggregate fair value | 1,000 | 2,000 | |
Gross liability balance of total return swaps in respect of financial assets derecognized | [1] | 17,739,000 | 16,191,000 |
Sale and Total Return Swap [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Transfer of financial assets accounted for sale amount derecognized | 69,405 | 69,405 | |
Cash proceeds received from derecognition of financial assets amount | 69,535 | 69,535 | |
Transfer of financial assets accounted for sale fair value of derecognized assets | 63,994 | 67,773 | |
Gross liability balance of total return swaps in respect of financial assets derecognized | ¥ 5,319 | ¥ 1,539 | |
[1]Includes the amount of embedded derivatives bifurcated in accordance with ASC 815. |
Derivative instruments and h_13
Derivative instruments and hedging activities - Schedule of information about written credit derivatives and purchased credit protection (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Credit Derivatives [Line Items] | |||
Carrying value (Asset) / Liability | ¥ (102) | [1] | ¥ (316) |
Maximum potential payout / Notional | 18,257 | 17,705 | |
Notional, Purchased credit protection | 13,543 | 13,502 | |
Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Carrying value (Asset) / Liability | 19 | [1] | (80) |
Maximum potential payout / Notional | 7,708 | 7,035 | |
Notional, Purchased credit protection | 5,688 | 5,452 | |
Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Carrying value (Asset) / Liability | (140) | [1] | (246) |
Maximum potential payout / Notional | 10,015 | 10,235 | |
Notional, Purchased credit protection | 7,494 | 7,737 | |
Other credit risk related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Carrying value (Asset) / Liability | 19 | [1] | 10 |
Maximum potential payout / Notional | 419 | 396 | |
Notional, Purchased credit protection | 293 | 280 | |
Credit-risk related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Carrying value (Asset) / Liability | 0 | [1] | 0 |
Maximum potential payout / Notional | 115 | 39 | |
Notional, Purchased credit protection | 68 | 33 | |
Less than 1 year [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 3,440 | 2,662 | |
Less than 1 year [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 1,339 | 1,318 | |
Less than 1 year [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 2,045 | 1,271 | |
Less than 1 year [Member] | Other credit risk related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 56 | 73 | |
Less than 1 year [Member] | Credit-risk related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | |||
1 to 3 years [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 7,390 | 6,542 | |
1 to 3 years [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 2,915 | 2,297 | |
1 to 3 years [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 4,189 | 4,065 | |
1 to 3 years [Member] | Other credit risk related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 286 | 180 | |
1 to 3 years [Member] | Credit-risk related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | |||
3 to 5 years [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 5,856 | 6,801 | |
3 to 5 years [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 2,448 | 2,642 | |
3 to 5 years [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 3,257 | 3,989 | |
3 to 5 years [Member] | Other credit risk related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 63 | 131 | |
3 to 5 years [Member] | Credit-risk related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 88 | 39 | |
More than 5 years [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 1,571 | 1,700 | |
More than 5 years [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 1,006 | 778 | |
More than 5 years [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 524 | 910 | |
More than 5 years [Member] | Other credit risk related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 14 | 12 | |
More than 5 years [Member] | Credit-risk related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | ¥ 27 | ||
[1]Carrying value amounts are shown on a gross basis prior to cash collateral or counterparty offsetting. Asset balances represent positive fair value amounts caused by tightening of credit spreads of underlyings since inception of the credit derivatives. |
Derivative instruments and h_14
Derivative instruments and hedging activities - Schedule of information about written credit derivatives by external credit rating of underlying asset (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | |
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | ¥ 18,257 | ¥ 17,705 | |
Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 7,708 | 7,035 | |
Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 10,015 | 10,235 | |
Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 419 | 396 | |
Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 115 | 39 | |
AAA [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 297 | 312 | |
AAA [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 192 | 198 | |
AAA [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 105 | 114 | |
AAA [Member] | Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | |||
AAA [Member] | Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | |||
AA [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 1,700 | 1,346 | |
AA [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 1,485 | 1,218 | |
AA [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 215 | 128 | |
AA [Member] | Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | |||
AA [Member] | Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | |||
A [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 5,622 | 3,771 | |
A [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 2,164 | 1,887 | |
A [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 3,369 | 1,880 | |
A [Member] | Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 28 | 4 | |
A [Member] | Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 61 | ||
BBB [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 7,322 | 8,661 | |
BBB [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 2,057 | 2,098 | |
BBB [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 5,012 | 6,294 | |
BBB [Member] | Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 226 | 237 | |
BBB [Member] | Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 27 | 32 | |
BB [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 1,931 | 2,233 | |
BB [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 869 | 753 | |
BB [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 988 | 1,415 | |
BB [Member] | Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 47 | 58 | |
BB [Member] | Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | 27 | 7 | |
Other [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | [1] | 1,385 | 1,382 |
Other [Member] | Single-name credit default swaps [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | [1] | 941 | 881 |
Other [Member] | Credit default swap indices [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | [1] | 326 | 404 |
Other [Member] | Other credit risk-related portfolio products [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | [1] | 118 | 97 |
Other [Member] | Credit risk-related options and swaptions [Member] | |||
Credit Derivatives [Line Items] | |||
Maximum potential payout / Notional | [1] | ||
[1]Other includes credit derivatives where the credit rating of the underlying reference asset is below investment grade or where a credit rating is unavailable. |
Revenue from services provide_3
Revenue from services provided to customers - Revenues by types of service (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Disaggregation of Revenue [Abstract] | |||
Commissions | ¥ 332,344 | ¥ 376,897 | ¥ 308,805 |
Fees from investment banking | 149,603 | 108,681 | 103,222 |
Asset management and portfolio service fees | 269,985 | 230,047 | 238,202 |
Other revenue | 38,863 | 44,235 | 49,901 |
Total | ¥ 790,795 | ¥ 759,860 | ¥ 700,130 |
Revenue from services provide_4
Revenue from services provided to customers - Schedule Of Disaggregation Of Brokerage Commissions Revenue (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Product Information [Line Items] | |||
Commissions | ¥ 332,344 | ¥ 376,897 | ¥ 308,805 |
Brokerage commissions [Member] | |||
Product Information [Line Items] | |||
Commissions | 236,353 | 262,286 | 196,491 |
Fund unit distribution fees [Member] | |||
Product Information [Line Items] | |||
Commissions | 43,695 | 68,794 | 66,664 |
Other commissions [Member] | |||
Product Information [Line Items] | |||
Commissions | ¥ 52,296 | ¥ 45,817 | ¥ 45,650 |
Revenue from services provide_5
Revenue from services provided to customers - Schedule Of Disaggregation Of Investment Banking Revenue (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Disaggregation Of Investment Banking Revenue [Abstract] | |||
Equity underwriting and distribution fees | ¥ 33,113 | ¥ 30,647 | ¥ 13,958 |
Debt underwriting and distribution fees | 29,812 | 23,120 | 25,546 |
Financial advisory fees | 64,240 | 37,760 | 41,646 |
Other fees | 22,438 | 17,154 | 22,072 |
Total | ¥ 149,603 | ¥ 108,681 | ¥ 103,222 |
Revenue from services provide_6
Revenue from services provided to customers - Schedule Of Disaggregation Of Asset Management Fees And Custody Fee (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Disaggregation Of Asset Management Fees And Custody Fee [Abstract] | |||
Asset management fees | ¥ 171,056 | ¥ 150,218 | ¥ 159,494 |
Administration fees | 79,572 | 63,215 | 62,619 |
Custodial fees | 19,357 | 16,614 | 16,089 |
Total | ¥ 269,985 | ¥ 230,047 | ¥ 238,202 |
Revenue from services provide_7
Revenue from services provided to customers - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Disaggregation of Revenue [Line Items] | ||
Revenue from performance obligations satisfied in previous periods | ¥ 8,108 | ¥ 1,565 |
Remaining performance obligations, Transaction price | ¥ 1,350 | ¥ 1,187 |
Estimated contract period | 1 year | 1 year |
Revenue from services provide_8
Revenue from services provided to customers - Customer contract balances (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Contract with Customer, Asset and Liability [Abstract] | |||
Customer contract receivables | ¥ 88,621 | ¥ 85,205 | |
Contract liabilities | [1] | ¥ 3,834 | ¥ 3,497 |
[1]Contract liabilities primarily rise from investment advisory services and are recognized over the term of the contract based on time elapsed. |
Collateralized transactions - O
Collateralized transactions - Offsetting of the transactions in the consolidated balance sheets (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | |
Reverse repurchase agreements | |||
Total gross balance | [1] | ¥ 31,365 | ¥ 31,568 |
Less: Amounts offset in the consolidated balance sheets | [2] | (19,486) | (20,793) |
Total net amounts of reported on the face of the consolidated balance sheets | [3] | 11,879 | 10,775 |
Less: Additional amounts not offset in the consolidated balance sheets [Abstract] | |||
Financial instruments and non-cash collateral | (9,370) | (9,390) | |
Cash collateral | (8) | (1) | |
Net amount | 2,501 | 1,384 | |
Securities borrowing transactions | |||
Total gross balance | 4,994 | 5,241 | |
Less: Amounts offset in the consolidated balance sheets | |||
Total net amounts of reported on the face of the consolidated balance sheets | 4,994 | 5,241 | |
Less: Additional amounts not offset in the consolidated balance sheets [Abstract] | |||
Financial instruments and non-cash collateral | (3,372) | (3,211) | |
Cash collateral | |||
Net amount | 1,622 | 2,030 | |
Repurchase agreements | |||
Total gross balance | [4] | 32,061 | 34,154 |
Less: Amounts offset in the consolidated balance sheets | (19,486) | (20,794) | |
Total net amounts of reported on the face of the consolidated balance sheets | 12,575 | 13,360 | |
Less: Additional amounts not offset in the consolidated balance sheets [Abstract] | |||
Financial instruments and non-cash collateral | [5] | (9,114) | (9,448) |
Cash collateral | [5] | (12) | (1) |
Net amount | 3,449 | 3,911 | |
Securities lending transactions | |||
Total gross balance | [4] | 1,734 | 1,781 |
Less: Amounts offset in the consolidated balance sheets | |||
Total net amounts of reported on the face of the consolidated balance sheets | 1,734 | 1,781 | |
Less: Additional amounts not offset in the consolidated balance sheets [Abstract] | |||
Financial instruments and non-cash collateral | (1,524) | (1,488) | |
Cash collateral | |||
Net amount | ¥ 210 | ¥ 293 | |
[1]Include all recognized balances irrespective of whether they are transacted under a master netting agreement or whether Nomura has obtained sufficient evidence of enforceability of the master netting agreement. Amounts include transactions carried at fair value through election of the fair value option. As of March 31, 2021, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥480 billion and ¥2,653 billion, respectively. As of March 31, 2021, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥1,947 billion and ¥213 billion, respectively. As of March 31, 2022, the gross balance of reverse repurchase agreements and repurchase agreements which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥793 billion and ¥2,453 billion, respectively. As of March 31, 2022, the gross balance of securities borrowing transactions and securities lending transactions which were not transacted under master netting agreements or are documented under master netting agreements for which Nomura has not yet obtained sufficient evidence of enforceability amounted to ¥1,511 billion and ¥158 billion, respectively.[2]Represent amounts offset through counterparty netting under master netting or similar agreements for which Nomura has obtained sufficient evidence of enforceability in accordance with ASC 210-20. Amounts offset include transactions carried at fair value through election of the fair value option.[3]Reverse repurchase agreements and securities borrowing transactions are reported within Collateralized agreements—Securities purchased under agreements to resell and Collateralized agreements—Securities borrowed in the consolidated balance sheets, respectively. Repurchase agreements and securities lending transactions are reported within Collateralized financing—Securities sold under agreements to repurchase and Collateralized financing—Securities loaned in the consolidated balance sheets, respectively. Amounts reported under securities lending transactions also include transactions where Nomura lends securities and receives securities that can be sold or pledged as collateral. Nomura recognizes the securities received at fair value and a liability for the same amount, representing the obligation to return those securities. The liability is reported within Other liabilities in the consolidated balance sheets.[4]Repurchase agreements and securities lending transactions are reported within Collateralized financing—Securities sold under agreements to repurchase and Collateralized financing—Securities loaned in the consolidated balance sheets, respectively. Amounts reported for securities lending transactions also include transactions where Nomura lends securities and receives securities that can be sold or pledged as collateral. Nomura recognizes the securities received at fair value and a liability for the same amount, representing the obligation to return those securities. The liability is reported within Other liabilities in the consolidated balance sheets. The total gross recognized liabilities reported for repurchase agreements and securities lending transactions are consistent with the total gross balances reported in the offsetting disclosures above.[5]Represent amounts which are not permitted to be offset on the face of the balance sheet in accordance with ASC 210-20 but which provide Nomura with the right of offset in the event of counterparty default. Amounts relating to agreements where Nomura has not yet obtained sufficient evidence of enforceability of such offsetting rights are excluded. |
Collateralized transactions -_2
Collateralized transactions - Offsetting of the transactions in the consolidated balance sheets (Parenthetical) (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Collateralized Transactions | ||
Gross balances of reverse repurchase agreements, not subject to enforceable master netting arrangements or similar agreements | ¥ 793 | ¥ 480 |
Gross balances of repurchase agreements, not subject to enforceable master netting arrangements or similar agreements | 2,453 | 2,653 |
Gross balances of securities borrowing transactions, not subject to enforceable master netting arrangements or similar agreements | 1,511 | 1,947 |
Gross balances of securities lending transactions, not subject to enforceable master netting arrangements or similar agreements | ¥ 158 | ¥ 213 |
Collateralized transactions - M
Collateralized transactions - Maturity analysis of repurchase agreements and securities lending transactions (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | |
Offsetting Liabilities [Line Items] | |||
Repurchase agreements | [1] | ¥ 32,061 | ¥ 34,154 |
Securities lending transactions | [1] | 1,734 | 1,781 |
Total | [1] | 33,795 | 35,935 |
Overnight and open [Member] | |||
Offsetting Liabilities [Line Items] | |||
Repurchase agreements | [2] | 12,266 | 13,837 |
Securities lending transactions | [2] | 992 | 872 |
Total | [1],[2] | 13,258 | 14,709 |
Up to 30 days [Member] | |||
Offsetting Liabilities [Line Items] | |||
Repurchase agreements | 15,454 | 16,452 | |
Securities lending transactions | 242 | 351 | |
Total | [1] | 15,696 | 16,803 |
30 - 90 days [Member] | |||
Offsetting Liabilities [Line Items] | |||
Repurchase agreements | 2,220 | 1,991 | |
Securities lending transactions | 200 | 291 | |
Total | [1] | 2,420 | 2,282 |
90 days - 1 year [Member] | |||
Offsetting Liabilities [Line Items] | |||
Repurchase agreements | 1,611 | 1,590 | |
Securities lending transactions | 277 | 266 | |
Total | [1] | 1,888 | 1,856 |
Greater than 1 year [Member] | |||
Offsetting Liabilities [Line Items] | |||
Repurchase agreements | 510 | 284 | |
Securities lending transactions | 23 | 1 | |
Total | [1] | ¥ 533 | ¥ 285 |
[1]Repurchase agreements and securities lending transactions are reported within Collateralized financing—Securities sold under agreements to repurchase and Collateralized financing—Securities loaned in the consolidated balance sheets, respectively. Amounts reported for securities lending transactions also include transactions where Nomura lends securities and receives securities that can be sold or pledged as collateral. Nomura recognizes the securities received at fair value and a liability for the same amount, representing the obligation to return those securities. The liability is reported within Other liabilities in the consolidated balance sheets. The total gross recognized liabilities reported for repurchase agreements and securities lending transactions are consistent with the total gross balances reported in the offsetting disclosures above.[2]Open transactions do not have an explicit contractual maturity date and are terminable on demand by Nomura or the counterparty. |
Collateralized transactions - S
Collateralized transactions - Securities transferred in repurchase agreements and securities lending transactions (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | [1] | ¥ 32,061 | ¥ 34,154 |
Securities lending transactions | [1] | 1,734 | 1,781 |
Total | [1] | 33,795 | 35,935 |
Equities and convertible securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 384 | 724 | |
Securities lending transactions | 1,508 | 1,600 | |
Total | 1,892 | 2,324 | |
Japanese government, agency and municipal securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 879 | 1,168 | |
Securities lending transactions | 1 | 0 | |
Total | 880 | 1,168 | |
Foreign government, agency and municipal securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 26,436 | 27,531 | |
Securities lending transactions | 17 | 8 | |
Total | 26,453 | 27,539 | |
Bank and corporate debt securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 2,322 | 1,926 | |
Securities lending transactions | 175 | 117 | |
Total | 2,497 | 2,043 | |
Commercial mortgage-backed securities ("CMBS") [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 1 | 6 | |
Securities lending transactions | |||
Total | 1 | 6 | |
Residential mortgage-backed securities ("RMBS") [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | [2] | 1,846 | 2,532 |
Securities lending transactions | [2] | ||
Total | [2] | 1,846 | 2,532 |
Collateralized debt obligations ("CDOs") and other [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 157 | 223 | |
Securities lending transactions | |||
Total | 157 | 223 | |
Investment trust funds and other [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Repurchase agreements | 36 | 44 | |
Securities lending transactions | 33 | 56 | |
Total | ¥ 69 | ¥ 100 | |
[1]Repurchase agreements and securities lending transactions are reported within Collateralized financing—Securities sold under agreements to repurchase and Collateralized financing—Securities loaned in the consolidated balance sheets, respectively. Amounts reported for securities lending transactions also include transactions where Nomura lends securities and receives securities that can be sold or pledged as collateral. Nomura recognizes the securities received at fair value and a liability for the same amount, representing the obligation to return those securities. The liability is reported within Other liabilities in the consolidated balance sheets. The total gross recognized liabilities reported for repurchase agreements and securities lending transactions are consistent with the total gross balances reported in the offsetting disclosures above.[2]Includes ¥2,170 billion of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations as of March 31, 2021. Includes ¥1,404 billion of U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations as of March 31, 2022. |
Collateralized transactions -_3
Collateralized transactions - Securities transferred in repurchase agreements and securities lending transactions (Parenthetical) (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Collateralized Transactions | ||
U.S. government sponsored agency mortgage pass through securities and collateralized mortgage obligations | ¥ 1,404 | ¥ 2,170 |
Collateralized transactions -_4
Collateralized transactions - Schedule of securities received as collateral (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Collateralized Transactions | ||
The fair value of securities received as collateral, securities borrowed as collateral and securities borrowed without collateral where Nomura is permitted by contract or custom to sell or repledge the securities | ¥ 48,234 | ¥ 50,466 |
The portion of the above that has been sold (as reported within Trading liabilities in the consolidated balance sheets) or repledged | ¥ 36,146 | ¥ 38,342 |
Collateralized transactions - A
Collateralized transactions - Assets owned, pledged as collateral ,primarily to stock exchanges and clearing organizations (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | ¥ 2,488,537 | ¥ 3,202,100 | |
Non-trading debt securities | [1] | 163,445 | 115,659 |
Investments in and advances to affiliated companies | [2] | 12,832 | 4,136 |
Equities and convertible securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | 368,235 | 239,393 | |
Government and government agency securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | 1,178,011 | 1,064,164 | |
Bank and corporate debt securities [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | 27,899 | 32,262 | |
Residential mortgage-backed securities ("RMBS") [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | 868,183 | 1,790,395 | |
Collateralized debt obligations ("CDOs") and other [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | [3] | 9,548 | 32,081 |
Investment trust funds and other [Member] | |||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||
Trading assets | ¥ 36,661 | ¥ 43,805 | |
[1]Non-trading debt securities are primarily Japanese municipal securities.[2]Investments in and advances to affiliated companies primarily comprise shares in NRI.[3]Includes CLOs and ABS such as those secured on credit card loans, auto loans and student loans. |
Collateralized transactions -_5
Collateralized transactions - Assets Subject to Lien (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | ¥ 1,660,322 | ¥ 1,470,358 |
Loans and receivables [Member] | ||
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | 235,875 | 114,051 |
Trading assets and private equity and debt investments [Member] | ||
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | 1,416,279 | 1,344,361 |
Office buildings, land, equipment and facilities [Member] | ||
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | 4,841 | 5,076 |
Non-trading debt securities [Member] | ||
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | 2,827 | 1,047 |
Investments in and advances to affiliated companies [Member] | ||
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | 3 | |
Other [Member] | ||
Collateralized Transactions Assets Subject to Lien [Line Items] | ||
Assets subject to lien, amount | ¥ 497 | ¥ 5,823 |
Securitizations and Variable _3
Securitizations and Variable Interest Entities - Additional information (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Variable Interest Entity [Line Items] | ||
Cash proceeds from SPEs in new securitizations | ¥ 464 | ¥ 297 |
Securitization or asset-backed financing arrangement, financial asset for which transfer is accounted as sale, gain on sale | 9 | 19 |
Debt securities issued by SPEs with an initial fair value | 1,890 | 2,799 |
Cash inflows from third parties on the sale of debt securities | 1,759 | 2,564 |
Cumulative balance of financial assets transferred to SPEs | 5,829 | 5,323 |
Retained interests | 131 | 160 |
Interests held in SPEs | ¥ 39 | ¥ 27 |
Securitizations and Variable _4
Securitizations and Variable Interest Entities - Fair value of retained interests (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2022 | Mar. 31, 2021 |
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ¥ 131 | ¥ 160 |
Government, agency and municipal securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 124 | 154 |
Bank and corporate debt securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
CMBS and RMBS [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 7 | 6 |
Investment grade [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 126 | 154 |
Investment grade [Member] | Government, agency and municipal securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 124 | 154 |
Investment grade [Member] | Bank and corporate debt securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Investment grade [Member] | CMBS and RMBS [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 2 | 0 |
Other [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 5 | 6 |
Other [Member] | Government, agency and municipal securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Other [Member] | Bank and corporate debt securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Other [Member] | CMBS and RMBS [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 5 | 6 |
Level 1 [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 1 [Member] | Government, agency and municipal securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 1 [Member] | Bank and corporate debt securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 1 [Member] | CMBS and RMBS [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 2 [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 124 | 154 |
Level 2 [Member] | Government, agency and municipal securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 124 | 154 |
Level 2 [Member] | Bank and corporate debt securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 2 [Member] | CMBS and RMBS [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 3 [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | 7 | 6 |
Level 3 [Member] | Government, agency and municipal securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 3 [Member] | Bank and corporate debt securities [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ||
Level 3 [Member] | CMBS and RMBS [Member] | ||
Schedule of fair value of retained interests [Line Items] | ||
Fair value of retained interests | ¥ 7 | ¥ 6 |
Securitizations and Variable _5
Securitizations and Variable Interest Entities - Type and carrying value of financial assets (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Liabilities [Abstract] | ||
Long-term borrowings | ¥ 9,258,306 | ¥ 7,975,012 |
Transferred to SPEs [Member] | ||
Trading assets | ||
Loans for trading purposes | 19,000 | 106,000 |
Loans receivable | 203,000 | |
Total | 222,000 | 106,000 |
Liabilities [Abstract] | ||
Long-term borrowings | ¥ 222,000 | ¥ 106,000 |
Securitizations and Variable _6
Securitizations and Variable Interest Entities - Classification of consolidated VIEs' assets and liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Consolidated VIE assets | ||||
Cash and cash equivalents | ¥ 3,316,238 | ¥ 3,509,754 | ¥ 3,191,889 | |
Trading assets | ||||
Derivatives | 1,554,000 | 1,220,000 | ||
Office buildings, land, equipment and facilities | 419,047 | 464,449 | ||
Other | 773,586 | 1,049,432 | ||
Total | 43,412,156 | 42,516,480 | ||
Trading liabilities | ||||
Derivatives | [1],[2] | 1,660,000 | 1,494,000 | |
Borrowings | ||||
Short-term borrowings | [3] | 1,050,141 | 1,368,098 | |
Long-term borrowings | 9,258,306 | 7,975,012 | ||
Total | 40,439,353 | 39,760,029 | ||
Variable Interest Entity, primary beneficiary [Member] | ||||
Consolidated VIE assets | ||||
Cash and cash equivalents | 62,000 | 13,000 | ||
Trading assets | ||||
Equities | 555,000 | 524,000 | ||
Debt securities | 443,000 | 414,000 | ||
CMBS and RMBS | 21,000 | 20,000 | ||
Investment trust funds and other | 4,000 | |||
Derivatives | 1,000 | 1,000 | ||
Private equity and debt investments | 4,000 | 21,000 | ||
Office buildings, land, equipment and facilities | 10,000 | 51,000 | ||
Other | 115,000 | 26,000 | ||
Total | 1,211,000 | 1,074,000 | ||
Trading liabilities | ||||
Derivatives | 0 | 2,000 | ||
Borrowings | ||||
Short-term borrowings | 95,000 | 74,000 | ||
Long-term borrowings | 797,000 | 763,000 | ||
Other | 6,000 | 2,000 | ||
Total | ¥ 898,000 | ¥ 841,000 | ||
[1]Includes the amount of embedded derivatives bifurcated in accordance with ASC 815.[2]Net derivative assets and net derivative liabilities are generally reported within Trading assets and private equity and debt investments—Trading assets and Trading liabilities, respectively in the consolidated balance sheet. Bifurcated embedded derivatives are reported within Short-term borrowings or Long-term borrowings depending on the maturity of the underlying host contract.[3]Includes secured borrowings of ¥55,569 million as of March 31, 2021 and ¥92,580 million as of March 31, 2022. |
Securitizations and Variable _7
Securitizations and Variable Interest Entities - Carrying amount of variable interests of unconsolidated VIEs and maximum exposure to loss (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | ¥ 43,412,156 | ¥ 42,516,480 |
Carrying amount of variable interests, Liabilities | 40,439,353 | 39,760,029 |
Variable Interest Entity, Not Primary Beneficiary [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 2,682,000 | 3,225,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 2,938,000 | 3,335,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Equities [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 26,000 | 30,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 26,000 | 30,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Debt securities [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 61,000 | 60,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 61,000 | 60,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | CMBS and RMBS [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 1,432,000 | 2,362,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 1,432,000 | 2,362,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Investment trust funds and other [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 191,000 | 195,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 191,000 | 195,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Private equity and debt investments [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 22,000 | 3,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 22,000 | 3,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Loans [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 940,000 | 556,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 940,000 | 556,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Other [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | 10,000 | 19,000 |
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | 10,000 | 19,000 |
Variable Interest Entity, Not Primary Beneficiary [Member] | Commitments to extend credit and other guarantees [Member] | ||
Variable Interest Entity [Line Items] | ||
Carrying amount of variable interests, Assets | ||
Carrying amount of variable interests, Liabilities | ||
Maximum exposure to loss to unconsolidated VIEs | ¥ 256,000 | ¥ 110,000 |
Financing receivables - Summary
Financing receivables - Summary of loans receivable reported within Loans receivable or Investments in and advances to affiliated companies (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | ¥ 2,369,137 | ¥ 2,124,949 | |
Carried at fair value | [1] | 1,210,590 | 818,523 |
Total | 3,579,727 | 2,943,472 | |
Advances to affiliated companies [Member] | |||
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | 1,000 | 1,000 | |
Total | 1,000 | 1,000 | |
Total [Member] | |||
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | 2,370,137 | 2,125,949 | |
Carried at fair value | [1] | 1,210,590 | 818,523 |
Total | 3,580,727 | 2,944,472 | |
Loans at banks [Member] | |||
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | 717,992 | 605,200 | |
Total | 717,992 | 605,200 | |
Short-term secured margin loans [Member] | |||
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | 442,600 | 436,221 | |
Total | 442,600 | 436,221 | |
Inter-bank money market loans [Member] | |||
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | 2,196 | 1,289 | |
Total | 2,196 | 1,289 | |
Corporate loans [Member] | |||
Schedule of Financing Receivables [Line Items] | |||
Carried at amortized cost | 1,206,349 | 1,082,239 | |
Carried at fair value | [1] | 1,210,590 | 818,523 |
Total | ¥ 2,416,939 | ¥ 1,900,762 | |
[1]Includes loans receivable and loan commitments carried at fair value through election of the fair value option. |
Financing receivables - Changes
Financing receivables - Changes in total allowance for credit losses (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | ¥ 49,267 | ¥ 11,830 | ¥ 2,290 | |||
Provision for credit losses, Allowance for current expected credit losses | 12,240 | [1] | 38,015 | [2] | 7,637 | |
Charge-offs, Allowance for current expected credit losses | (681) | |||||
Other, Allowance for current expected credit losses | [3] | 3,280 | [1] | 103 | (67) | |
Closing balance, Allowance for current expected credit losses | 64,787 | 49,267 | 11,830 | |||
Allowance for receivables other than loans [Roll Forward] | ||||||
Opening balance, Allowance for receivables other than loans | 4,517 | [4] | 3,154 | [4] | 1,879 | |
Provision for credit losses, Allowance for receivables other than loans | 113 | [1],[4] | 1,060 | [2],[4] | 1,451 | |
Charge-offs, Allowance for receivables other than loans | (1,231) | [4] | (1,600) | [4] | (162) | |
Other, Allowance for receivables other than loans | [3] | (1,840) | [1],[4] | 1,903 | [4] | (16) |
Closing balance, Allowance for receivables other than loans | [4] | 1,559 | 4,517 | 3,154 | ||
Total allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Total allowance for current expected credit losses | 53,784 | 14,984 | 4,169 | |||
Provision for credit losses, Total allowance for current expected credit losses | 12,353 | [1] | 39,075 | [2] | 9,088 | |
Charge-offs, Total allowance for current expected credit losses | (1,231) | (2,281) | (162) | |||
Other, Total allowance for current expected credit losses | [3] | 1,440 | [1] | 2,006 | (83) | |
Closing balance, Total allowance for current expected credit losses | 66,346 | 53,784 | 14,984 | |||
Previously Reported [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [5] | 9,860 | ||||
Closing balance, Allowance for current expected credit losses | [5] | 9,860 | ||||
Allowance for receivables other than loans [Roll Forward] | ||||||
Opening balance, Allowance for receivables other than loans | [4],[5] | 3,152 | ||||
Closing balance, Allowance for receivables other than loans | [4],[5] | 3,152 | ||||
Total allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Total allowance for current expected credit losses | [5] | 13,012 | ||||
Closing balance, Total allowance for current expected credit losses | [5] | 13,012 | ||||
Impact of CECL adoption | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [6] | 1,970 | ||||
Closing balance, Allowance for current expected credit losses | [6] | 1,970 | ||||
Allowance for receivables other than loans [Roll Forward] | ||||||
Opening balance, Allowance for receivables other than loans | [4],[6] | 2 | ||||
Closing balance, Allowance for receivables other than loans | [4],[6] | 2 | ||||
Total allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Total allowance for current expected credit losses | [6] | 1,972 | ||||
Closing balance, Total allowance for current expected credit losses | [6] | 1,972 | ||||
Loans at banks [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | 1,282 | 1,796 | 1,052 | |||
Provision for credit losses, Allowance for current expected credit losses | 1,161 | [1] | (196) | [2] | 512 | |
Charge-offs, Allowance for current expected credit losses | (318) | |||||
Other, Allowance for current expected credit losses | [1],[3] | (9) | ||||
Closing balance, Allowance for current expected credit losses | 2,434 | 1,282 | 1,796 | |||
Loans at banks [Member] | Previously Reported [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [5] | 1,564 | ||||
Closing balance, Allowance for current expected credit losses | [5] | 1,564 | ||||
Loans at banks [Member] | Impact of CECL adoption | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [6] | 232 | ||||
Closing balance, Allowance for current expected credit losses | [6] | 232 | ||||
Short-term secured margin loans [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | 352 | 370 | ||||
Charge-offs, Allowance for current expected credit losses | (363) | |||||
Other, Allowance for current expected credit losses | [3] | 11 | (18) | |||
Closing balance, Allowance for current expected credit losses | 352 | |||||
Short-term secured margin loans [Member] | Previously Reported [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [5] | 352 | ||||
Closing balance, Allowance for current expected credit losses | [5] | 352 | ||||
Corporate loans [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | 47,985 | 9,682 | 868 | |||
Provision for credit losses, Allowance for current expected credit losses | 11,079 | [1] | 38,211 | [2] | 7,125 | |
Charge-offs, Allowance for current expected credit losses | 0 | |||||
Other, Allowance for current expected credit losses | [3] | 3,289 | [1] | 92 | (49) | |
Closing balance, Allowance for current expected credit losses | ¥ 62,353 | 47,985 | 9,682 | |||
Corporate loans [Member] | Previously Reported [Member] | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [5] | 7,944 | ||||
Closing balance, Allowance for current expected credit losses | [5] | 7,944 | ||||
Corporate loans [Member] | Impact of CECL adoption | ||||||
Allowance for current expected credit losses [Roll Forward] | ||||||
Opening balance, Allowance for current expected credit losses | [6] | ¥ 1,738 | ||||
Closing balance, Allowance for current expected credit losses | [6] | ¥ 1,738 | ||||
[1]Following default by a U.S. client in connection with the U.S. Prime Brokerage Event in March 2021, a provision for losses of ¥41,561 million was recognized. During year ending March 2022, an additional provision for losses of ¥9,289 million was recognized during the quarter ended June 30, 2021, which was subsequently partially offset by a release in the allowance of ¥2,535 million during the quarter ended March 31, 2022. See Note 23 “U.S. Prime Brokerage Event” for further information on this event.[2]Following default by a U.S. client in connection with the U.S. Prime Brokerage Event in March 2021, an allowance for current expected credit losses of ¥41,561 million was recognized. During year ending March 2022, an additional allowance for current expected credit losses of ¥9,289 million was recognized during the quarter ended June 30, 2021, which was subsequently partially offset by a release in the allowance of ¥2,535 million during the quarter ended March 31, 2022. See Note 23 “U.S. Prime Brokerage Event” for further information on this event.[3]Primarily includes the effect of foreign exchange movements and recoveries collected.[4]Includes amounts recognized against collateralized agreements, customer contract assets and receivables and other receivables.[5]Closing balance recognized on March 31, 2020 as determined using legacy U.S. GAAP guidance in effect prior to the adoption of ASC 326.[6]The adjusted opening balance recognized on April 1, 2020 on adoption of the CECL impairment model under ASC 326. |
Financing receivables - Chang_2
Financing receivables - Changes in total allowance for credit losses (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 3 Months Ended | 12 Months Ended | ||
May 17, 2021 | Mar. 31, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Effect on future earnings offset amount | ¥ 2,535 | |||
Subsidiaries [Member] | Loans with the client [Member] | US | Subprime Borkerage [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Additional allowance for credit losses | ¥ 9,289 | ¥ 9,289 | ¥ 41,561 |
Financing receivables - Additio
Financing receivables - Additional information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Corporate Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Impaired financing receivable with related allowance unpaid principal balance | ¥ 62,289 | ¥ 204,404 |
Financing receivables - Analysi
Financing receivables - Analysis of each class of loans not carried at fair value using internal ratings or equivalent credit quality indicators (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |||
Financing receivable, recorded investment [Line items] | |||||
Current year | ¥ 462,488 | ¥ 563,765 | |||
Year before current year | 859,885 | 678,768 | |||
Two years before current year | 124,565 | 129,881 | |||
Three years before current year | 194,442 | 169,246 | |||
Four years before current year | 248,503 | 32,227 | |||
More than five year before current year | 128,036 | 112,793 | |||
Revolving | 352,218 | 439,269 | |||
Total loans | 2,370,137 | 2,125,949 | |||
AAA-BBB [Member] | Secured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 106,554 | 54,179 | |||
Year before current year | 126,834 | 115,003 | |||
Two years before current year | 8,325 | 17,106 | |||
Three years before current year | 17,308 | 12,450 | |||
Four years before current year | 9,213 | 4,240 | |||
More than five year before current year | 12,729 | 17,634 | |||
Revolving | |||||
Total loans | 280,963 | 220,612 | |||
AAA-BBB [Member] | Unsecured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 6,000 | 9,101 | |||
Year before current year | 18,175 | 22,955 | |||
Two years before current year | 12,703 | 27,863 | |||
Three years before current year | 20,565 | 17,563 | |||
Four years before current year | 9,982 | 8,484 | |||
More than five year before current year | 25,841 | 34,719 | |||
Revolving | |||||
Total loans | 93,266 | 120,685 | |||
AAA-BBB [Member] | Short-term secured margin loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
AAA-BBB [Member] | Unsecured inter-bank money market loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 2,196 | 1,289 | |||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | 2,196 | 1,289 | |||
AAA-BBB [Member] | Secured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 33,965 | ||||
Year before current year | 52,545 | 261,182 | |||
Two years before current year | 86,910 | 45,880 | |||
Three years before current year | 20,710 | 9,817 | |||
Four years before current year | 3,258 | 6,406 | |||
More than five year before current year | 52,496 | 27,672 | |||
Revolving | 9,916 | 97 | |||
Total loans | 225,835 | 385,019 | |||
AAA-BBB [Member] | Unsecured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
AAA-BBB [Member] | Advances to affiliated companies [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 1,000 | ||||
Year before current year | 1,000 | ||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | 1,000 | 1,000 | |||
BB-CCC [Member] | Secured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 80,167 | 75,680 | |||
Year before current year | 169,655 | 115,131 | |||
Two years before current year | 1,693 | 3,864 | |||
Three years before current year | 638 | 2,324 | |||
Four years before current year | 587 | ||||
More than five year before current year | 6,779 | 5,484 | |||
Revolving | |||||
Total loans | 259,519 | 202,483 | |||
BB-CCC [Member] | Unsecured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | 235 | ||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | 235 | ||||
BB-CCC [Member] | Short-term secured margin loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
BB-CCC [Member] | Unsecured inter-bank money market loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
BB-CCC [Member] | Secured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 86,300 | 20,093 | |||
Year before current year | 307,636 | 102,941 | |||
Two years before current year | 14,718 | 34,435 | |||
Three years before current year | 131,266 | 29,869 | |||
Four years before current year | 115,494 | 13,067 | |||
More than five year before current year | 30,085 | 17,573 | |||
Revolving | 92,039 | 173,178 | |||
Total loans | 777,538 | 391,156 | |||
BB-CCC [Member] | Unsecured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 11,621 | 84 | |||
Year before current year | 20,516 | ||||
Two years before current year | 450 | ||||
Three years before current year | 1,989 | ||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | 34,126 | 534 | |||
BB-CCC [Member] | Advances to affiliated companies [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
CC-D [Member] | Secured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
CC-D [Member] | Unsecured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | 1,940 | ||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | 1,940 | ||||
CC-D [Member] | Short-term secured margin loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
CC-D [Member] | Unsecured inter-bank money market loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
CC-D [Member] | Secured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | [1] | 197,859 | [2] | ||
Year before current year | 57,524 | [1] | [2] | ||
Two years before current year | [1] | [2] | |||
Three years before current year | [1] | [2] | |||
Four years before current year | [1] | [2] | |||
More than five year before current year | [1] | [2] | |||
Revolving | [1] | [2] | |||
Total loans | 57,524 | [1] | 197,859 | [2] | |
CC-D [Member] | Unsecured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
CC-D [Member] | Advances to affiliated companies [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
Others [Member] | Secured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | [3] | ||||
Year before current year | [3] | 82,304 | 61,185 | ||
Two years before current year | [3] | ||||
Three years before current year | [3] | ||||
Four years before current year | [3] | ||||
More than five year before current year | [3] | ||||
Revolving | [3] | ||||
Total loans | [3] | 82,304 | 61,185 | ||
Others [Member] | Unsecured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
Others [Member] | Short-term secured margin loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | [3] | 169,195 | 170,514 | ||
Year before current year | [3] | 23,238 | 141 | ||
Two years before current year | [3] | ||||
Three years before current year | [3] | ||||
Four years before current year | [3] | ||||
More than five year before current year | [3] | ||||
Revolving | [3] | 250,167 | 265,566 | ||
Total loans | [3] | 442,600 | 436,221 | ||
Others [Member] | Unsecured inter-bank money market loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | |||||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | |||||
Others [Member] | Secured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 455 | [3] | |||
Year before current year | 20 | 39 | [3] | ||
Two years before current year | 25 | 40 | [3] | ||
Three years before current year | 26 | 11 | [3] | ||
Four years before current year | 10 | 30 | [3] | ||
More than five year before current year | 101 | 4,697 | [3] | ||
Revolving | 96 | 428 | [3] | ||
Total loans | 733 | 5,245 | [3] | ||
Others [Member] | Unsecured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 1 | ||||
Year before current year | 438 | 191 | |||
Two years before current year | 191 | 8 | |||
Three years before current year | 97,212 | ||||
Four years before current year | 109,959 | ||||
More than five year before current year | 5 | 5,014 | |||
Revolving | |||||
Total loans | 110,593 | 102,426 | |||
Others [Member] | Advances to affiliated companies [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | [3] | ||||
Year before current year | [3] | ||||
Two years before current year | [3] | ||||
Three years before current year | [3] | ||||
Four years before current year | [3] | ||||
More than five year before current year | [3] | ||||
Revolving | [3] | ||||
Total loans | [3] | ||||
Total [Member] | Secured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 186,721 | 129,859 | |||
Year before current year | 378,793 | 291,319 | |||
Two years before current year | 10,018 | 20,970 | |||
Three years before current year | 17,946 | 14,774 | |||
Four years before current year | 9,800 | 4,240 | |||
More than five year before current year | 19,508 | 23,118 | |||
Revolving | |||||
Total loans | 622,786 | 484,280 | |||
Total [Member] | Unsecured loans at banks [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 6,000 | 9,101 | |||
Year before current year | 18,175 | 22,955 | |||
Two years before current year | 12,703 | 28,098 | |||
Three years before current year | 22,505 | 17,563 | |||
Four years before current year | 9,982 | 8,484 | |||
More than five year before current year | 25,841 | 34,719 | |||
Revolving | |||||
Total loans | 95,206 | 120,920 | |||
Total [Member] | Short-term secured margin loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 169,195 | 170,514 | |||
Year before current year | 23,238 | 141 | |||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | 250,167 | 265,566 | |||
Total loans | 442,600 | 436,221 | |||
Total [Member] | Unsecured inter-bank money market loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 2,196 | 1,289 | |||
Year before current year | |||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | 2,196 | 1,289 | |||
Total [Member] | Secured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 86,755 | 251,917 | |||
Year before current year | 417,725 | 364,162 | |||
Two years before current year | 101,653 | 80,355 | |||
Three years before current year | 152,002 | 39,697 | |||
Four years before current year | 118,762 | 19,503 | |||
More than five year before current year | 82,682 | 49,942 | |||
Revolving | 102,051 | 173,703 | |||
Total loans | 1,061,630 | 979,279 | |||
Total [Member] | Unsecured corporate loans [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 11,621 | 85 | |||
Year before current year | 20,954 | 191 | |||
Two years before current year | 191 | 458 | |||
Three years before current year | 1,989 | 97,212 | |||
Four years before current year | 109,959 | ||||
More than five year before current year | 5 | 5,014 | |||
Revolving | |||||
Total loans | 144,719 | 102,960 | |||
Total [Member] | Advances to affiliated companies [Member] | |||||
Financing receivable, recorded investment [Line items] | |||||
Current year | 1,000 | ||||
Year before current year | 1,000 | ||||
Two years before current year | |||||
Three years before current year | |||||
Four years before current year | |||||
More than five year before current year | |||||
Revolving | |||||
Total loans | ¥ 1,000 | ¥ 1,000 | |||
[1]Includes loans of ¥57,524 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” for further information on this event.[2]Includes loans of ¥197,859 million to a U.S. client in connection with the U.S. Prime Brokerage Event. See Note. 23 “U.S. Prime Brokerage Event” for further information on this event.[3]Relate to collateralized exposures where a specified ratio of LTV is maintained. |
Financing receivables - Analy_2
Financing receivables - Analysis of each class of loans not carried at fair value using internal ratings or equivalent credit quality indicators (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable gross | ¥ 2,370,137 | ¥ 2,125,949 |
Subsidiaries [Member] | Loans With The Client [Member] | US | Subprime Borkerage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable gross | ¥ 57,524 | ¥ 197,859 |
Leases - Types of lease assets
Leases - Types of lease assets under operating leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Operating Lease [Line Items] | |||
Cost | ¥ 10,727 | ¥ 40,090 | |
Accumulated depreciation | (980) | (1,670) | |
Net carrying amount | 9,747 | 38,420 | |
Real estate [Member] | |||
Operating Lease [Line Items] | |||
Cost | [1] | 354 | 354 |
Accumulated depreciation | [1] | (292) | (288) |
Net carrying amount | [1] | 62 | 66 |
Aircraft [Member] | |||
Operating Lease [Line Items] | |||
Cost | 10,373 | 39,736 | |
Accumulated depreciation | (688) | (1,382) | |
Net carrying amount | ¥ 9,685 | ¥ 38,354 | |
[1]Cost, accumulated depreciation and net carrying amounts include amounts relating to real estate utilized by Nomura. |
Leases - Additional information
Leases - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Leases [Abstract] | |||
Lease income | ¥ 3,653 | ¥ 1,878 | ¥ 2,732 |
Right-of-use asset for operating leases | ¥ 175,422 | ¥ 185,085 |
Leases - Summary of future mini
Leases - Summary of future minimum lease payments to be received under noncancelable operating leases (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Leases [Abstract] | |
Minimum lease payments to be received, Less than 1 year | ¥ 1,013 |
Minimum lease payments to be received, 1 to 2 years | 986 |
Minimum lease payments to be received, 2 to 3 years | 986 |
Minimum lease payments to be received, 3 to 4 years | 986 |
Minimum lease payments to be received, 4 to 5 years | 986 |
Minimum lease payments to be received, More than 5 years | 4,883 |
Minimum lease payments to be received, Total | ¥ 9,840 |
Leases - Summary of income and
Leases - Summary of income and expense for lease (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Lease expense: | |||
Operating lease costs | ¥ 47,643 | ¥ 49,168 | ¥ 48,475 |
Other income and expenses: | |||
Gross sublease income | ¥ 3,464 | ¥ 4,638 | ¥ 5,377 |
Leases - Summary of cash flow i
Leases - Summary of cash flow information and initial recognition of right of use asset and lease liability related to operating leases (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Leases [Abstract] | |||
Operating cash flows for operating leases | ¥ 46,565 | ¥ 47,584 | ¥ 47,212 |
ROU assets recognized in connection with new operating leases | ¥ 32,208 | ¥ 41,279 | ¥ 18,026 |
Leases - Summary of Lessee oper
Leases - Summary of Lessee operating lease liability maturity (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Leases [Abstract] | |
Less than 1 year | ¥ 44,493 |
1 to 2 years | 32,034 |
2 to 3 years | 25,850 |
3 to 4 years | 23,507 |
4 to 5 years | 19,254 |
More than 5 years | 63,902 |
Total undiscounted lease payments | 209,040 |
Less: Impact of discounting | (10,909) |
Lease liabilities as reported in the consolidated balance sheets | ¥ 198,131 |
Operating Lease, Liability, Statement of Financial Position [Extensible List] | Lease liabilities as reported in the consolidated balance sheets |
Leases - Summary of weighted av
Leases - Summary of weighted average discount rate and weighted average remaining lease term of operating leases (Detail) | Mar. 31, 2022 | Mar. 31, 2021 |
Leases [Abstract] | ||
Weighted-average discount rate used to measure lease liabilities | 1.40% | 1.40% |
Weighted-average remaining lease term | 7 years 2 months 12 days | 7 years 7 months 6 days |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) - Business Combinations [Member] ¥ in Millions | Apr. 01, 2020 JPY (¥) |
Business acquisition date of acquisition agreement | Apr. 01, 2020 |
Business acquisition percentage of voting interests acquired | 100% |
Business acquisition name of acquired entity | Greentech Capital, LLC |
Payments to acquire businesses | ¥ 12,389 |
Other assets-Office buildings_3
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of Breakdown of Office buildings, land, equipment and facilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Property, Plant and Equipment [Line Items] | ||
Office buildings, land, equipment and facilities | ¥ 419,047 | ¥ 464,449 |
Operating lease ROU assets | ¥ 175,422 | ¥ 185,085 |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Office buildings, land, equipment and facilities | Office buildings, land, equipment and facilities |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Office buildings, land, equipment and facilities | ¥ 39,118 | ¥ 39,233 |
Office buildings [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Office buildings, land, equipment and facilities | 60,025 | 76,725 |
Equipment and facilities [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Office buildings, land, equipment and facilities | 31,895 | 59,614 |
Software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Office buildings, land, equipment and facilities | 104,609 | 103,385 |
Construction in progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Office buildings, land, equipment and facilities | ¥ 7,978 | ¥ 407 |
Other assets-Office buildings_4
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Finite-Lived Intangible Assets [Line Items] | |||
Amortization expenses | ¥ 1,717 | ¥ 2,296 | ¥ 1,662 |
Indefinite-lived intangibles | 9,345 | 8,609 | |
Depreciation and amortization | 59,524 | 63,846 | 63,583 |
Building [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Buildings held for sale disposal group including discontinued operations | 12,311 | ||
Information processing and communications [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Depreciation and amortization | 46,111 | 49,343 | 47,653 |
Occupancy and related depreciation [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Depreciation and amortization | ¥ 13,412 | ¥ 14,503 | ¥ 15,930 |
Other assets-Office buildings_5
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of Other assets-Other and Other liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Other assets-Other: | |||
Securities received as collateral | ¥ 166,352 | ¥ 399,975 | |
Goodwill and other intangible assets | 30,007 | 29,040 | |
Deferred tax assets net | 15,562 | 30,433 | |
Investments in equity securities for other than operating purposes | [1] | 249,448 | 270,246 |
Prepaid expenses | 17,165 | 18,741 | |
Other | 295,052 | 300,997 | |
Total, Other assets-Other | 773,586 | 1,049,432 | |
Other liabilities: | |||
Obligation to return securities received as collateral | 166,352 | 399,975 | |
Accrued income taxes | 34,158 | 60,275 | |
Other accrued expenses and provisions | [2] | 457,511 | 424,961 |
Other | [3] | 362,204 | 353,956 |
Total, Other liabilities | ¥ 1,020,225 | ¥ 1,239,167 | |
[1]Includes marketable and non-marketable equity securities held for other than trading or operating purposes. These investments comprise of listed equity securities and unlisted equity securities of ¥30,912 million and ¥239,334 million respectively, as of March 31, 2021, and ¥13,572 million and ¥235,877 million respectively, as of March 31, 2022. In principle, these securities are carried at fair value, with changes in fair value recognized and reported within Revenue—Other in the consolidated statements of income. It also includes equity securities without a readily determinable fair value of ¥65,365 million as of March 31, 2021 and 2022 respectively.[2]Includes a liability of ¥62,889 million and ¥76,866 million as of March 31, 2021 and 2022 respectively, in respect of outstanding and unsettled investigations, lawsuits and other legal proceedings where loss is considered probable and the amount of such loss can be reasonably estimated. See Note 20 “Commitments, contingencies and guarantees” for further information.[3]Operating lease liabilities are presented through Other liabilities—Other. See Note 8 “Leases” for further information. |
Other assets-Office buildings_6
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of Other assets-Other and Other liabilities (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Other Assets Other and Other Liabilities [Line Items] | |||
Investments in equity securities for other than operating purposes | [1] | ¥ 249,448 | ¥ 270,246 |
Equity securities without readily determinable fair value, amount | 65,365 | 65,365 | |
Other liabilities [Member] | |||
Other Assets Other and Other Liabilities [Line Items] | |||
Liability in respect of outstanding and unsettled investigations | 76,866 | 62,889 | |
Listed equity securities [Member] | |||
Other Assets Other and Other Liabilities [Line Items] | |||
Investments in equity securities for other than operating purposes | 13,572 | 30,912 | |
Unlisted equity securities [Member] | |||
Other Assets Other and Other Liabilities [Line Items] | |||
Investments in equity securities for other than operating purposes | ¥ 235,877 | ¥ 239,334 | |
[1]Includes marketable and non-marketable equity securities held for other than trading or operating purposes. These investments comprise of listed equity securities and unlisted equity securities of ¥30,912 million and ¥239,334 million respectively, as of March 31, 2021, and ¥13,572 million and ¥235,877 million respectively, as of March 31, 2022. In principle, these securities are carried at fair value, with changes in fair value recognized and reported within Revenue—Other in the consolidated statements of income. It also includes equity securities without a readily determinable fair value of ¥65,365 million as of March 31, 2021 and 2022 respectively. |
Other assets-Office buildings_7
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of changes in goodwill within Other assets-Other (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | |||
Goodwill [Line Items] | ||||
Gross carrying amount, Beginning of year | ¥ 105,959 | ¥ 93,286 | ||
Accumulated Impairment, Beginning of year | (92,814) | (92,814) | ||
Net carrying amount, Beginning of year | 13,145 | 472 | ||
Acquisition, Changes during year | 12,267 | [1] | ||
Impairment, Changes during year | ||||
Other, Changes during year | [2] | 1,262 | 406 | |
Gross carrying amount, End of year | 107,221 | 105,959 | ||
Accumulated Impairment, End of year | (92,814) | (92,814) | ||
Net carrying amount, End of year | 14,407 | 13,145 | ||
Wholesale [Member] | ||||
Goodwill [Line Items] | ||||
Gross carrying amount, Beginning of year | 105,294 | 92,814 | ||
Accumulated Impairment, Beginning of year | (92,814) | (92,814) | ||
Net carrying amount, Beginning of year | 12,480 | |||
Acquisition, Changes during year | 12,078 | [1] | ||
Impairment, Changes during year | ||||
Other, Changes during year | [2] | 1,260 | 402 | |
Gross carrying amount, End of year | 106,554 | 105,294 | ||
Accumulated Impairment, End of year | (92,814) | (92,814) | ||
Net carrying amount, End of year | 13,740 | 12,480 | ||
Other [Member] | ||||
Goodwill [Line Items] | ||||
Gross carrying amount, Beginning of year | 665 | 472 | ||
Accumulated Impairment, Beginning of year | ||||
Net carrying amount, Beginning of year | 665 | 472 | ||
Acquisition, Changes during year | 189 | [1] | ||
Impairment, Changes during year | ||||
Other, Changes during year | [2] | 2 | 4 | |
Gross carrying amount, End of year | 667 | 665 | ||
Accumulated Impairment, End of year | ||||
Net carrying amount, End of year | ¥ 667 | ¥ 665 | ||
[1]For the year ended March 31, 2021, Nomura recognized goodwill as a result of acquiring 100% of the ownership interests in Greentech Capital, LLC which has been allocated in its entirety to the Wholesale division for segmental reporting and reporting unit purposes. See Note 9 “Business Combination” for further information.[2]Includes currency translation adjustments. |
Other assets-Office buildings_8
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of changes in goodwill within Other assets-Other (Parenthetical) (Detail) - Greentech Capital LLC [Member] | 12 Months Ended |
Mar. 31, 2021 | |
Goodwill [Line Items] | |
Business acquisition percentage of voting interests acquired | 100% |
Business acquisition name of acquired entity | Greentech Capital, LLC |
Other assets-Office buildings_9
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of finite-lived intangible assets by type (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | ¥ 69,492 | ¥ 66,199 |
Accumulated amortization | (63,237) | (58,914) |
Net carrying amount | 6,255 | 7,285 |
Client relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 67,492 | 64,357 |
Accumulated amortization | (61,715) | (57,680) |
Net carrying amount | 5,777 | 6,677 |
Other [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 2,000 | 1,842 |
Accumulated amortization | (1,522) | (1,234) |
Net carrying amount | ¥ 478 | ¥ 608 |
Other assets-Office building_10
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Estimated amortization expenses for next five years (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Other assets-Other / Other liabilities [Abstract] | |
2023 | ¥ 324 |
2024 | 200 |
2025 | 197 |
2026 | 113 |
2027 | ¥ 73 |
Other assets-Office building_11
Other assets-Office buildings, land, equipment and facilities and Other / Other liabilities - Schedule of change in asset retirement obligation (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Other assets-Other / Other liabilities [Abstract] | |||
Balance at beginning of year | ¥ 14,485 | ¥ 6,625 | |
Liabilities incurred during the current period | 319 | 1,846 | |
Liabilities settled during the current period | (564) | (97) | |
Revision in estimated cash flows | [1] | 6,111 | |
Balance at end of period | ¥ 14,240 | ¥ 14,485 | |
[1]During the fiscal year ended March 31, 2021, as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project, the estimate of future cash flows for the ARO associated with our properties has been changed. |
Borrowings - Short-term and lon
Borrowings - Short-term and long-term borrowings (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Short-term borrowings [Abstract] | |||
Total | [1] | ¥ 1,050,141 | ¥ 1,368,098 |
Long-term borrowings [Abstract] | |||
Long-term borrowings from banks and other financial institutions | [2] | 3,196,144 | 2,878,676 |
Bonds and notes issued | 5,792,212 | 4,973,001 | |
Subtotal | 8,988,356 | 7,851,677 | |
Trading balances of secured borrowings | 269,950 | 123,335 | |
Total | 9,258,306 | 7,975,012 | |
Fixed-rate obligations [Member] | Japanese yen denominated [Member] | |||
Long-term borrowings [Abstract] | |||
Bonds and notes issued | [3] | 765,412 | 583,148 |
Fixed-rate obligations [Member] | Non-Japanese yen denominated [Member] | |||
Long-term borrowings [Abstract] | |||
Bonds and notes issued | [3] | 2,486,305 | 1,917,166 |
Floating-rate obligations [Member] | Japanese yen denominated [Member] | |||
Long-term borrowings [Abstract] | |||
Bonds and notes issued | [3] | 917,362 | 876,844 |
Floating-rate obligations [Member] | Non-Japanese yen denominated [Member] | |||
Long-term borrowings [Abstract] | |||
Bonds and notes issued | [3] | 329,876 | 327,595 |
Index / Equity-linked obligations [Member] | Japanese yen denominated [Member] | |||
Long-term borrowings [Abstract] | |||
Bonds and notes issued | [3] | 942,585 | 906,332 |
Index / Equity-linked obligations [Member] | Non-Japanese yen denominated [Member] | |||
Long-term borrowings [Abstract] | |||
Bonds and notes issued | [3] | 350,672 | 361,916 |
Short-term borrowings [Member] | |||
Short-term borrowings [Abstract] | |||
Commercial paper | [1] | 131,915 | 460,014 |
Bank borrowings | [1] | 205,857 | 294,052 |
Other | [1] | ¥ 712,369 | ¥ 614,032 |
[1]Includes secured borrowings of ¥55,569 million as of March 31, 2021 and ¥92,580 million as of March 31, 2022.[2]Includes secured borrowings of ¥118,106 million as of March 31, 2021 and ¥79,843 million as of March 31, 2022.[3]Includes secured borrowings of ¥788,618 million as of March 31, 2021 and ¥761,620 million as of March 31, 2022. |
Borrowings - Short-term and l_2
Borrowings - Short-term and long-term borrowings (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Long-term borrowings from banks and other financial institutions [Member] | ||
Schedule of Borrowings [Line Items] | ||
Secured borrowings | ¥ 79,843 | ¥ 118,106 |
Bonds and notes issued [Member] | ||
Schedule of Borrowings [Line Items] | ||
Secured borrowings | 761,620 | 788,618 |
Short-term borrowings [Member] | ||
Schedule of Borrowings [Line Items] | ||
Secured borrowings | ¥ 92,580 | ¥ 55,569 |
Borrowings - Long-term borrowin
Borrowings - Long-term borrowings (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Borrowings [Abstract] | |||
Debt issued by the Company | ¥ 3,679,955 | ¥ 3,003,810 | |
Debt issued by subsidiaries-guaranteed by the Company | 2,124,904 | 2,398,932 | |
Debt issued by subsidiaries-not guaranteed by the Company | [1] | 3,453,447 | 2,572,270 |
Total | ¥ 9,258,306 | ¥ 7,975,012 | |
[1]Includes trading balances of secured borrowings. |
Borrowings - Additional informa
Borrowings - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Schedule of Borrowings [Line Items] | ||
Unutilized borrowing facilities | ||
Subordinated borrowings | ¥ 414,500 | ¥ 354,500 |
Fixed-rate obligations [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, Maturities start period | 2022 | 2021 |
Long-term borrowings, Maturities end period | 2067 | 2067 |
Fixed-rate obligations [Member] | Minimum [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, interest rate | 0% | 0% |
Fixed-rate obligations [Member] | Maximum [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, interest rate | 30.09% | 24.40% |
Floating-rate obligations [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, Maturities start period | 2022 | 2021 |
Long-term borrowings, Maturities end period | 2051 | 2051 |
Floating-rate obligations [Member] | Minimum [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, interest rate | 0% | 0% |
Floating-rate obligations [Member] | Maximum [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, interest rate | 7.74% | 8.01% |
Index / Equity-linked obligations [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, Maturities start period | 2022 | 2021 |
Long-term borrowings, Maturities end period | 2052 | 2051 |
Index / Equity-linked obligations [Member] | Minimum [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, interest rate | 0% | 0% |
Index / Equity-linked obligations [Member] | Maximum [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings, interest rate | 42.30% | 43.80% |
Borrowings - Effective weighted
Borrowings - Effective weighted-average interest rates of borrowings (Detail) | Mar. 31, 2022 | Mar. 31, 2021 |
Schedule of Borrowings [Line Items] | ||
Short-term borrowings | 1.26% | 0.58% |
Long-term borrowings | 1.09% | 0.82% |
Fixed-rate obligations [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings | 1.25% | 0.96% |
Floating-rate obligations [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings | 1.04% | 0.88% |
Index / Equity-linked obligations [Member] | ||
Schedule of Borrowings [Line Items] | ||
Long-term borrowings | 0.79% | 0.30% |
Borrowings - Maturities of long
Borrowings - Maturities of long-term borrowings (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Borrowings [Abstract] | ||
2023 | ¥ 456,663 | |
2024 | 904,738 | |
2025 | 1,180,692 | |
2026 | 1,402,216 | |
2027 | 870,856 | |
2028 and thereafter | 4,173,191 | |
Subtotal | 8,988,356 | ¥ 7,851,677 |
Trading balances of secured borrowings | 269,950 | 123,335 |
Total | ¥ 9,258,306 | ¥ 7,975,012 |
Earnings per share - Earnings p
Earnings per share - Earnings per share (Basic and Diluted) (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions, shares in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Basic- | |||
Net income attributable to NHI shareholders | ¥ 142,996 | ¥ 153,116 | ¥ 216,998 |
Weighted average number of shares outstanding | 3,063,524,091 | 3,055,525,640 | 3,202,369,845 |
Net income attributable to NHI shareholders per share | ¥ 46.68 | ¥ 50.11 | ¥ 67.76 |
Diluted- | |||
Net income attributable to NHI shareholders | ¥ 142,861 | ¥ 153,064 | ¥ 216,890 |
Weighted average number of shares outstanding | 3,158,708,013 | 3,147,338,609 | 3,276,510,404 |
Net income attributable to NHI shareholders per share | ¥ 45.23 | ¥ 48.63 | ¥ 66.2 |
Earnings per share - Additional
Earnings per share - Additional information (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Earnings Per Share [Abstract] | |||
Antidilutive stock options and other stock-based compensation plans to purchase | 9,716,800 | 12,398,500 | 15,452,900 |
Employee benefit plans - Additi
Employee benefit plans - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Pension plans, postretirement and other employee benefits [Line items] | |||
Number of years required for payment | 2 years | ||
Excess percentage of the greater of the projected benefit obligation or the fair value of plan assets | 10% | ||
Average remaining service period of active participants | 14 years | ||
Accumulated benefit obligation | ¥ 293,039 | ¥ 295,810 | |
Fair value of plan assets | 231,461 | 234,747 | ¥ 225,744 |
Contributions to the defined contribution pension plans | 6,709 | 6,478 | 3,585 |
Contributions to overseas defined contribution pension plans | 9,215 | 8,035 | 8,497 |
Health care benefit cost | 10,035 | 9,463 | 9,308 |
Level 1 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 20,469 | 21,047 | |
Level 2 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 127,471 | 133,158 | |
Level 3 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 56,656 | 69,719 | ¥ 65,081 |
Amount of unrealized profit (loss) of Level 3 assets | ¥ (842) | (14,150) | |
Equities [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Plan assets of domestic plans investments | 15% | ||
Debt securities [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Plan assets of domestic plans investments | 44% | ||
Life insurance company general accounts [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Plan assets of domestic plans investments | 25% | ||
Life insurance company general accounts [Member] | Level 1 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | |||
Life insurance company general accounts [Member] | Level 2 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 73,314 | 72,106 | |
Life insurance company general accounts [Member] | Level 3 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | |||
Other investments [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Plan assets of domestic plans investments | 16% | ||
Other investments [Member] | Level 1 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | |||
Other investments [Member] | Level 2 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 33,575 | 35,857 | |
Other investments [Member] | Level 3 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | |||
Non-Japanese entities' plans [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 36,129 | 39,572 | |
Non-Japanese entities' plans [Member] | Level 1 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 1,543 | 1,543 | |
Non-Japanese entities' plans [Member] | Level 2 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 2,181 | 2,192 | |
Non-Japanese entities' plans [Member] | Level 3 [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Fair value of plan assets | 36,129 | 39,572 | |
Amount of unrealized profit (loss) of Level 3 assets | (4,060) | (2,039) | |
Overseas Subsidiaries [Member] | |||
Pension plans, postretirement and other employee benefits [Line items] | |||
Recognized asset for pension benefits | ¥ 7,911 | ¥ 8,912 |
Employee benefit plans - Net pe
Employee benefit plans - Net periodic benefit cost for defined benefit plans (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Employee Benefit Plans [Abstract] | |||
Service cost | ¥ 6,452 | ¥ 6,721 | ¥ 12,079 |
Interest cost | 2,042 | 1,786 | 1,766 |
Expected return on plan assets | (6,055) | (5,826) | (6,038) |
Amortization of net actuarial losses | 3,955 | 5,519 | 5,654 |
Amortization of prior service cost | (1,599) | (1,521) | (1,137) |
Net periodic benefit cost | ¥ 4,795 | ¥ 6,679 | ¥ 12,324 |
Employee benefit plans - Reconc
Employee benefit plans - Reconciliation of changes in projected benefit obligation and fair value of plan assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Change in projected benefit obligation: | |||
Projected benefit obligation at beginning of year | ¥ 295,810 | ¥ 303,523 | |
Service cost | 6,452 | 6,721 | ¥ 12,079 |
Interest cost | 2,042 | 1,786 | 1,766 |
Actuarial gain | 1,433 | (3,593) | |
Benefits paid | (12,683) | (12,656) | |
Acquisition, divestitures and other | (15) | 29 | |
Projected benefit obligation at end of year | 293,039 | 295,810 | 303,523 |
Change in plan assets: | |||
Fair value of plan assets at beginning of year | 234,747 | 225,744 | |
Actual return on plan assets | 5,464 | 19,126 | |
Employer contributions | 815 | 825 | |
Benefits paid | (9,565) | (10,948) | |
Fair value of plan assets at end of year | 231,461 | 234,747 | ¥ 225,744 |
Funded status at end of year | (61,578) | (61,063) | |
Amounts recognized in the consolidated balance sheets | ¥ (61,578) | ¥ (61,063) |
Employee benefit plans - Projec
Employee benefit plans - Projected benefit obligation, accumulated benefit obligation and fair value of plan assets for pension plans with ABO and PBO in excess of plan assets (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Plans with ABO in excess of plan assets: | ||
PBO | ¥ 62,457 | ¥ 61,063 |
ABO | 62,457 | 61,063 |
Fair value of plan assets | ||
Plans with PBO in excess of plan assets: | ||
PBO | 62,457 | 61,063 |
ABO | 62,457 | 61,063 |
Fair value of plan assets |
Employee benefit plans - Amount
Employee benefit plans - Amounts in Accumulated other comprehensive income, pre-tax, that have not yet been recognized as components of net periodic benefit cost (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Employee Benefit Plans [Abstract] | |
Net actuarial loss | ¥ 82,734 |
Net prior service cost | (8,114) |
Total | ¥ 74,620 |
Employee benefit plans - Amou_2
Employee benefit plans - Amounts in Accumulated other comprehensive income, pre-tax, expected to be recognized as components of net periodic benefit cost over next fiscal year (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Employee Benefit Plans [Abstract] | |
Net actuarial loss | ¥ 3,818 |
Net prior service cost | (1,665) |
Total | ¥ 2,153 |
Employee benefit plans - Schedu
Employee benefit plans - Schedule of weighted-average assumptions used to determine PBO (Detail) | Mar. 31, 2022 | Mar. 31, 2021 |
Employee Benefit Plans [Abstract] | ||
Discount rate | 0.80% | 0.70% |
Rate of increase in compensation levels | 0.30% | 0.30% |
Interest crediting rate | 2.90% | 2.90% |
Employee benefit plans - Weight
Employee benefit plans - Weighted-average assumptions used to determine net periodic benefit costs (Detail) | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Employee Benefit Plans [Abstract] | |||
Discount rate | 0.70% | 0.60% | 0.60% |
Rate of increase in compensation levels | 0.30% | 0.30% | 1.60% |
Expected long-term rate of return on plan assets | 2.60% | 2.60% | 2.60% |
Interest crediting rate | 2.90% | 3% | 3.30% |
Employee benefit plans - Inform
Employee benefit plans - Information about fair value of plan assets (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ¥ 231,461 | ¥ 234,747 | ¥ 225,744 | |||
Level 1 [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 20,469 | 21,047 | ||||
Level 1 [Member] | Private equity and pooled investments [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | [1] | |||||
Level 1 [Member] | Japanese government securities [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 20,469 | 21,047 | ||||
Level 1 [Member] | Investment trust funds and other [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | [2],[3] | |||||
Level 1 [Member] | Life insurance company general accounts [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ||||||
Level 1 [Member] | Other assets [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ||||||
Level 2 [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 127,471 | 133,158 | ||||
Level 2 [Member] | Private equity and pooled investments [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | [1] | 740 | 614 | |||
Level 2 [Member] | Japanese government securities [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ||||||
Level 2 [Member] | Investment trust funds and other [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | [2],[3] | 19,842 | 24,581 | |||
Level 2 [Member] | Life insurance company general accounts [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 73,314 | 72,106 | ||||
Level 2 [Member] | Other assets [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 33,575 | 35,857 | ||||
Level 3 [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 56,656 | 69,719 | 65,081 | |||
Level 3 [Member] | Private equity and pooled investments [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 29,081 | [1] | 33,384 | [1] | 23,465 | |
Level 3 [Member] | Japanese government securities [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ||||||
Level 3 [Member] | Investment trust funds and other [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 27,575 | [2],[3] | 36,335 | [2],[3] | ¥ 41,616 | |
Level 3 [Member] | Life insurance company general accounts [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ||||||
Level 3 [Member] | Other assets [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ||||||
Fair value [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 204,596 | 223,924 | ||||
Fair value [Member] | Private equity and pooled investments [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | [1] | 29,821 | 33,998 | |||
Fair value [Member] | Japanese government securities [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 20,469 | 21,047 | ||||
Fair value [Member] | Investment trust funds and other [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | [2],[3] | 47,417 | 60,916 | |||
Fair value [Member] | Life insurance company general accounts [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | 73,314 | 72,106 | ||||
Fair value [Member] | Other assets [Member] | ||||||
Pension plans, postretirement and other employee benefits [Line items] | ||||||
Fair value of plan assets | ¥ 33,575 | ¥ 35,857 | ||||
[1]Includes corporate type equity investments.[2]Certain assets that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and 2022, the fair values of these assets were ¥10,823 million and ¥26,865 million, respectively.[3]Includes primarily debt investment funds. Hedge funds and real estate funds are also included. |
Employee benefit plans - Info_2
Employee benefit plans - Information about fair value of plan assets (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Amount of net asset value per share as a practical expedient [Member] | Investment trust funds and other [Member] | ||
Pension plans, postretirement and other employee benefits [Line items] | ||
Fair values of certain assets | ¥ 26,865 | ¥ 10,823 |
Employee benefit plans - Info_3
Employee benefit plans - Information about plan assets for which Level 3 inputs are utilized to determine fair value (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | |||
Pension plans, postretirement and other employee benefits [Line items] | ||||
Fair value of plan assets at beginning of year | ¥ 234,747 | ¥ 225,744 | ||
Fair value of plan assets at end of year | 231,461 | 234,747 | ||
Level 3 [Member] | ||||
Pension plans, postretirement and other employee benefits [Line items] | ||||
Fair value of plan assets at beginning of year | 69,719 | 65,081 | ||
Unrealized and realized gains / loss | 842 | 14,150 | ||
Purchases / sales and other settlement | (13,905) | (9,512) | ||
Fair value of plan assets at end of year | 56,656 | 69,719 | ||
Level 3 [Member] | Private equity and pooled investments [Member] | ||||
Pension plans, postretirement and other employee benefits [Line items] | ||||
Fair value of plan assets at beginning of year | 33,384 | [1] | 23,465 | |
Unrealized and realized gains / loss | 1,374 | 11,225 | ||
Purchases / sales and other settlement | (5,677) | (1,306) | ||
Fair value of plan assets at end of year | [1] | 29,081 | 33,384 | |
Level 3 [Member] | Investment trust funds and other [Member] | ||||
Pension plans, postretirement and other employee benefits [Line items] | ||||
Fair value of plan assets at beginning of year | 36,335 | [2],[3] | 41,616 | |
Unrealized and realized gains / loss | (532) | 2,925 | ||
Purchases / sales and other settlement | (8,228) | (8,206) | ||
Fair value of plan assets at end of year | [2],[3] | ¥ 27,575 | ¥ 36,335 | |
[1]Includes corporate type equity investments.[2]Certain assets that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31, 2021 and 2022, the fair values of these assets were ¥10,823 million and ¥26,865 million, respectively.[3]Includes primarily debt investment funds. Hedge funds and real estate funds are also included. |
Employee benefit plans - Expect
Employee benefit plans - Expected benefit payments (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Employee Benefit Plans [Abstract] | |
2023 | ¥ 14,517 |
2024 | 14,394 |
2025 | 15,159 |
2026 | 14,528 |
2027 | 13,993 |
2028-2032 | ¥ 62,226 |
Deferred compensation awards -
Deferred compensation awards - Additional information (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||||
May 25, 2022 | May 19, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
RSU awards [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vesting period | 3 years | ||||
Extending vesting period | 7 years | ||||
Weighted-average grant date fair value per award | ¥ 507 | ¥ 418 | |||
Aggregate intrinsic values, outstanding | ¥ 62,916 | ||||
Total unrecognized compensation cost, based on fair value | ¥ 8,700 | ||||
Weighted-average period for recognizing unrecognized compensation cost (in years) | 1 year 9 months 18 days | ||||
Number shares delivered | 29,972,792 | ||||
Total Intrinsic Value | ¥ 28,704 | ||||
Intrinsic value of restricted stock unit awards | ¥ 28,076 | ||||
RSU awards [Member] | Subsequent event [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Total number of RSU granded | 100,057,000 | ||||
RSU awards [Member] | Minimum [Member] | Subsequent event [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vesting period | 1 year | ||||
RSU awards [Member] | Maximum [Member] | Subsequent event [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vesting period | 3 years | ||||
SAR Plan B awards [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Exercise price per share | ¥ 1 | ||||
Vesting period | 3 years | ||||
Total intrinsic values, exercised | ¥ 2,547 | ¥ 4,878 | ¥ 7,640 | ||
Aggregate intrinsic values, outstanding | 4,069 | ||||
Aggregate intrinsic values, exercisable | 3,513 | ||||
Total unrecognized compensation cost, based on fair value | ¥ 1 | ||||
Weighted-average period for recognizing unrecognized compensation cost (in years) | 1 year 8 months 12 days | ||||
Total fair value of awards vested | ¥ 467 | 1,784 | 4,309 | ||
SAR Plan A and SAR Plan B awards [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Total compensation expense recognized within Non-interest expenses-Compensation and benefits | 27,941 | 28,251 | 12,694 | ||
Cash received from exercise of compensation plans | 11 | ||||
Tax benefit realized from exercise of deferred compensation | 206 | ||||
Tax benefits recognized in earnings for compensation expense | 13 | ||||
NSU and CSU awards [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vesting period | 3 years | ||||
Total compensation expense recognized within Non-interest expenses-Compensation and benefits | ¥ 4,566 | 8,043 | 4,639 | ||
NSU awards [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Total unrecognized compensation cost, based on fair value | ¥ 280 | ||||
Weighted-average period for recognizing unrecognized compensation cost (in years) | 1 year 1 month 6 days | ||||
Total fair value of awards vested | ¥ 7,247 | 8,426 | 9,980 | ||
Tax benefits recognized in earnings for compensation expense | 125 | 205 | 168 | ||
NSU awards [Member] | Subsequent event [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vesting period | 7 years | ||||
Total grant date fair value | ¥ 6,000 | ||||
CSU awards [Member] | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Total unrecognized compensation cost, based on fair value | |||||
Total fair value of awards vested | ¥ 559 | ¥ 576 | ¥ 3,445 |
Deferred compensation awards _2
Deferred compensation awards - Activity relating to RSU awards (Detail) - RSU awards [Member] - ¥ / shares | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Outstanding | ||
Outstanding (number of shares), Beginning | 115,287,730 | |
Outstanding (number of shares), Granted | 64,439,400 | |
Outstanding (number of shares), Forfeited | (9,223,711) | |
Outstanding (number of shares), Delivered | (48,384,029) | |
Outstanding (number of shares), Ending | 122,119,390 | 115,287,730 |
Weighted-Average grant date fair value per share | ||
Weighted-average grant date fair value per share, Beginning | ¥ 427 | |
Weighted-average grant date fair value per share, Granted | 507 | |
Weighted-average grant date fair value per share, Forfeited | 468 | |
Weighted-average grant date fair value per share, Delivered | 427 | |
Weighted-average grant date fair value per share, Ending | ¥ 466 | ¥ 427 |
Weighted-average remaining life until expiry (years) | ||
Weighted-average remaining life until expiry (years), Outstanding | 1 year | 1 year |
Deferred compensation awards _3
Deferred compensation awards - Activity relating to SAR Plan B awards (Detail) - SAR Plan B awards [Member] - ¥ / shares | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Outstanding | ||
Outstanding (number of shares), Beginning | 12,967,100 | |
Outstanding (number of shares), Exercised | (3,697,000) | |
Outstanding (number of shares), Expired | (1,356,300) | |
Outstanding (number of shares), Ending | 7,913,800 | 12,967,100 |
Outstanding (number of shares), Exercisable, Ending | 6,831,500 | |
Weighted-average grant date fair value per share | ||
Weighted-average grant date fair value per share, Beginning | ¥ 509 | |
Weighted-average grant date fair value per share, Exercised | 535 | |
Weighted-average grant date fair value per share, Expired | 397 | |
Weighted-average grant date fair value per share, Ending | 516 | ¥ 509 |
Weighted-average grant date fair value per share, Exercisable, Ending | ¥ 526 | |
Weighted-average remaining life until expiry (years) | ||
Weighted-average remaining life until expiry (years), Outstanding | 2 years 3 months 18 days | 2 years 8 months 12 days |
Weighted-average remaining life until expiry (years), Exercisable | 1 year 9 months 18 days |
Deferred compensation awards _4
Deferred compensation awards - Activity relating to NSUs and CSUs (Detail) | 12 Months Ended | |
Mar. 31, 2022 ¥ / shares shares | ||
NSUs [Member] | ||
Outstanding | ||
Outstanding (number of units), Beginning | 19,951,962 | |
Outstanding (number of units), Granted | 11,528,713 | |
Outstanding (number of units), Vested | (12,555,940) | |
Outstanding (number of units), Forfeited | (926,410) | |
Outstanding (number of units), Ending | 17,998,325 | |
Stock price | ||
Stock price, Beginning | ¥ / shares | ¥ 539 | |
Stock price, Granted | ¥ / shares | 575 | [1] |
Stock price, Vested | ¥ / shares | 577 | [2] |
Stock price, Ending | ¥ / shares | ¥ 445 | [3] |
CSUs [Member] | ||
Outstanding | ||
Outstanding (number of units), Beginning | 1,867,400 | |
Outstanding (number of units), Granted | ||
Outstanding (number of units), Vested | (929,732) | |
Outstanding (number of units), Forfeited | (512) | |
Outstanding (number of units), Ending | 937,156 | |
Stock price | ||
Stock price, Beginning | ¥ / shares | ¥ 636 | |
Stock price, Granted | ¥ / shares | ||
Stock price, Vested | ¥ / shares | 601 | [2] |
Stock price, Ending | ¥ / shares | ¥ 606 | [3] |
[1]Weighted-average price of the Company’s common stock used to determine number of awards granted.[2]Weighted-average price of the Company’s common stock used to determine the final cash settlement amount of the awards.[3]The price of the Company’s common stock used to remeasure the fair value of the remaining outstanding unvested awards as of March 31, 2022. |
Income Taxes - Components of in
Income Taxes - Components of income tax expense (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Current: | |||
Domestic, Current | ¥ 69,661 | ¥ 73,534 | ¥ 42,099 |
Foreign, Current | 7,323 | 17,853 | 10,706 |
Subtotal, Current | 76,984 | 91,387 | 52,805 |
Deferred: | |||
Domestic, Deferred | 1,561 | (19,567) | (23,512) |
Foreign, Deferred | 1,545 | (1,546) | (399) |
Subtotal, Deferred | 3,106 | (21,113) | (23,911) |
Total | ¥ 80,090 | ¥ 70,274 | ¥ 28,894 |
Income Taxes - Additional infor
Income Taxes - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Income Taxes [Line Items] | |||
Income tax benefit recognized from operating losses | ¥ 6,007 | ¥ 97 | ¥ 1,195 |
Domestic effective statutory tax rate | 31% | 31% | 31% |
Net deferred tax assets reported within Other assets-Other | ¥ 15,562 | ¥ 30,433 | |
Undistributed earnings, No deferred tax provided | 19,027 | ||
Operating loss carryforwards | 2,039,600 | ||
Unrecognized tax benefits | 35,774 | 4,367 | |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 6,273 | ||
Increase decrease in unrecognized tax benefits | 31,406 | ||
Deferred Tax Assets Operating Loss Carryforwards [Member] | |||
Income Taxes [Line Items] | |||
Increase decrease in unrecognized tax benefits | 29,501 | ||
Other liabilities [Member] | |||
Income Taxes [Line Items] | |||
Net deferred tax liabilities reported within Other liabilities | 51,947 | ¥ 50,404 | |
Indefinitely [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | 1,101,276 | ||
Initial term [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | ¥ 838,753 | ||
Expiration year | Mar. 31, 2031 | ||
Next term [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | ¥ 99,571 | ||
Company and domestic subsidiaries [Member] | Domestic [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | 545,946 | ||
Subsidiaries [Member] | United Kingdom [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | 624,763 | ||
Subsidiaries [Member] | United States [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | 568,273 | ||
Subsidiaries [Member] | Hong Kong [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | 272,066 | ||
Subsidiaries [Member] | Other tax jurisdictions [Member] | |||
Income Taxes [Line Items] | |||
Operating loss carryforwards | ¥ 28,552 |
Income taxes - Reconciliation o
Income taxes - Reconciliation of the effective income tax rate (Detail) | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||
Income Tax [Abstract] | ||||
Effective statutory tax rate | 31% | 31% | 31% | |
Changes in deferred tax valuation allowances | [1] | 18% | 8.70% | (0.30%) |
Additional taxable income | 1% | 0.70% | 0.60% | |
Non-deductible expenses | 5.10% | 7.10% | 2.90% | |
Non-taxable income | [2] | (2.90%) | (4.50%) | (23.50%) |
Dividends from foreign subsidiaries | 0% | 0% | 0.10% | |
Tax effect of undistributed earnings of foreign subsidiaries | 0.10% | 0% | 0.20% | |
Different tax rate applicable to income (loss) of foreign subsidiaries | 0% | (4.00%) | (0.90%) | |
Effect of changes in foreign tax laws | [1] | (14.40%) | 1.10% | (0.90%) |
Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates | [3] | 0% | (8.70%) | (0.10%) |
Other | (2.60%) | (0.90%) | 2.50% | |
Effective tax rate | 35.30% | 30.50% | 11.60% | |
[1]Finance Act 2021, enacted on June 10, 2021, increases the headline U.K. corporation tax rate from 19% to 25% on April 1, 2023. Deferred tax assets and liabilities as of the balance sheet date are calculated by reference to the most appropriate enacted rates as of March 31, 2022. As a result of the change in closing deferred tax rate, Nomura recognized a movement in Effect of changes in foreign tax laws of ¥36 billion (which decreased Nomura’s effective tax rate by 16.0%), which was offset by a movement in Changes in deferred tax valuation allowances of ¥36 billion (which increased Nomura’s effective tax rate by 16.0%) during the year ended March 31, 2022.[2]Non-taxable income during the year ended March 31, 2020 includes approximately ¥53 billion of the tax effect from non-taxable dividend income from affiliated Nomura companies, including deemed dividend (which decreased Nomura’s effective tax rate by 21.2%).[3]Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates during the year ended March 31, 2021 of approximately ¥21 billion (which decreased Nomura’s effective tax rate by 9.1%) arises from the recognition of deferred tax assets from the decision and commitment of Nomura management to liquidate a certain wholly-owned subsidiary within Nomura in the foreseeable future. The valuation allowances of ¥3 billion have been recognized against these deferred tax assets, the impact of which are reported in Changes in deferred tax valuation allowances for the same period. |
Income taxes - Reconciliation_2
Income taxes - Reconciliation of the effective income tax rate (Parenthetical) (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||
Item of Non-deductible Expenses [Line Items] | ||||
Non taxable income impact rate | [1] | (2.90%) | (4.50%) | (23.50%) |
Tax benefit recognized on the outside basis differences for investment in subsidiaries and affiliates | ¥ 21 | |||
Effective tax rate, Decrease | 9.10% | |||
Deferred tax assets, Valuation allowances | ¥ 3 | |||
Income Tax Reconciliation, Foreign Income Tax Rate Differential | ¥ 36 | |||
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential | 16% | |||
Deferred tax assets change in valuation allowance | ¥ 36 | |||
Decrease in effective income tax rate percentage | 16% | |||
Foreign Tax Authority [Member] | ||||
Item of Non-deductible Expenses [Line Items] | ||||
Effective income tax reconciliation statutory income tax rate | 19% | |||
Foreign Tax Authority [Member] | With effect on 1 April 2023 [Member] | ||||
Item of Non-deductible Expenses [Line Items] | ||||
Effective income tax reconciliation statutory income tax rate | 25% | |||
Dividend Income [Member] | ||||
Item of Non-deductible Expenses [Line Items] | ||||
Non taxable income impact rate | 21.20% | |||
Non taxable income amount | ¥ 53 | |||
[1]Non-taxable income during the year ended March 31, 2020 includes approximately ¥53 billion of the tax effect from non-taxable dividend income from affiliated Nomura companies, including deemed dividend (which decreased Nomura’s effective tax rate by 21.2%). |
Income taxes - Significant comp
Income taxes - Significant components of deferred tax assets and liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 |
Deferred tax assets | ||||
Depreciation, amortization and valuation of fixed assets | ¥ 30,441 | ¥ 22,770 | ||
Investments in subsidiaries and affiliates | 21,390 | 20,220 | ||
Valuation of financial instruments | 102,021 | 73,905 | ||
Accrued pension and severance costs | 20,492 | 19,947 | ||
Other accrued expenses and provisions | 79,061 | 60,280 | ||
Operating losses | 370,481 | 353,326 | ||
Lease liabilities | 49,060 | 52,251 | ||
Other | 15,425 | 15,011 | ||
Gross deferred tax assets | 688,371 | 617,710 | ||
Less-Valuation allowances | (466,145) | (428,014) | ¥ (388,411) | ¥ (444,916) |
Total deferred tax assets | 222,226 | 189,696 | ||
Deferred tax liabilities | ||||
Investments in subsidiaries and affiliates | 91,040 | 85,636 | ||
Valuation of financial instruments | 85,301 | 40,807 | ||
Undistributed earnings of foreign subsidiaries | 2,745 | 2,486 | ||
Valuation of fixed assets | 23,962 | 23,521 | ||
Right-of-use assets | 48,519 | 51,671 | ||
Other | 7,044 | 5,546 | ||
Total deferred tax liabilities | 258,611 | 209,667 | ||
Net deferred tax assets (liabilities) | ¥ (36,385) | ¥ (19,971) |
Income Taxes - Changes in valua
Income Taxes - Changes in valuation allowance for deferred tax assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||||
Income Tax [Abstract] | ||||||
Balance at beginning of year | ¥ 428,014 | ¥ 388,411 | ¥ 444,916 | |||
Net change during the year | 38,131 | [1] | 39,603 | [2] | (56,505) | [3] |
Balance at end of year | ¥ 466,145 | ¥ 428,014 | ¥ 388,411 | |||
[1]Primarily includes an increase of ¥51,706 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in operating loss carryforwards, and a reduction of ¥13,575 million of valuation allowances related to Japanese subsidiaries and the Company mainly due to a decrease of operating loss carryforwards. In total, ¥38,131 million of allowances increased for the year ended March 31, 2022.[2]Primarily includes an increase of ¥48,883 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in valuation allowances related to operating loss carryforwards, a reduction of ¥5,871 million of valuation allowances mainly due to an increase in valuation of financial instruments, and a reduction of ¥3,409 million of valuation allowances related to Japanese subsidiaries and the Company mainly due to an increase of valuation of financial instruments and a decrease of accrued pension and severance costs. In total, ¥39,603 million of allowances increased for the year ended March 31, 2021.[3]Primarily includes a reduction of ¥59,330 million of valuation allowances of certain foreign subsidiaries mainly by expiration of loss carryforwards, an increase of ¥11,462 million of valuation allowances mainly due to a decrease of valuation of financial instruments, and a reduction of ¥8,637 million related to Japanese subsidiaries and the Company mainly by utilization of loss carryforwards. In total, ¥56,505 million of allowances decreased for the year ended March 31, 2020. |
Income Taxes - Changes in val_2
Income Taxes - Changes in valuation allowance for deferred tax assets (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||||
Income Tax [Abstract] | ||||||
Increase (decrease) of valuation allowances of certain foreign subsidiaries | ¥ 51,706 | ¥ 48,883 | ¥ (59,330) | |||
Increase (decrease) in valuation allowances related to operating loss carryforwards | 11,462 | |||||
Reduction of valuation allowances related to expiration of operating loss carryforwards | (8,637) | |||||
Increase (decrease) in valuation allowances related to valuation of financial instruments | (5,871) | |||||
Reduction of valuation allowances related to to valuation of financial instruments | (13,575) | (3,409) | ||||
Total, Net change during the year | ¥ 38,131 | [1] | ¥ 39,603 | [2] | ¥ (56,505) | [3] |
[1]Primarily includes an increase of ¥51,706 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in operating loss carryforwards, and a reduction of ¥13,575 million of valuation allowances related to Japanese subsidiaries and the Company mainly due to a decrease of operating loss carryforwards. In total, ¥38,131 million of allowances increased for the year ended March 31, 2022.[2]Primarily includes an increase of ¥48,883 million of valuation allowances of certain foreign subsidiaries mainly due to an increase in valuation allowances related to operating loss carryforwards, a reduction of ¥5,871 million of valuation allowances mainly due to an increase in valuation of financial instruments, and a reduction of ¥3,409 million of valuation allowances related to Japanese subsidiaries and the Company mainly due to an increase of valuation of financial instruments and a decrease of accrued pension and severance costs. In total, ¥39,603 million of allowances increased for the year ended March 31, 2021.[3]Primarily includes a reduction of ¥59,330 million of valuation allowances of certain foreign subsidiaries mainly by expiration of loss carryforwards, an increase of ¥11,462 million of valuation allowances mainly due to a decrease of valuation of financial instruments, and a reduction of ¥8,637 million related to Japanese subsidiaries and the Company mainly by utilization of loss carryforwards. In total, ¥56,505 million of allowances decreased for the year ended March 31, 2020. |
Income Taxes - Summarizes major
Income Taxes - Summarizes major jurisdictions subject to examination (Detail) | 12 Months Ended | |
Mar. 31, 2022 | ||
Japan [Member] | ||
Income Tax Contingency [Line Items] | ||
Income tax examination, year(s) under examination | 2017 | [1] |
United Kingdom [Member] | ||
Income Tax Contingency [Line Items] | ||
Income tax examination, year(s) under examination | 2016 | |
United States [Member] | ||
Income Tax Contingency [Line Items] | ||
Income tax examination, year(s) under examination | 2019 | |
[1]The earliest year in which Nomura remains subject to examination for transfer pricing issues is 2016. |
Other comprehensive income (l_3
Other comprehensive income (loss) - Changes in Accumulated other comprehensive income (loss) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Accumulated other comprehensive income (loss) [Line Items] | |||
Balance at beginning of year | ¥ (38,144) | ¥ (26,105) | |
Other comprehensive income (loss) before reclassifications | 163,234 | (1,928) | |
Reclassifications out of accumulated other comprehensive income (loss) | 2,883 | (10,111) | |
Net change during the year | 166,117 | (12,039) | |
Balance at end of year | 127,973 | (38,144) | |
Cumulative translation adjustments [Member] | |||
Accumulated other comprehensive income (loss) [Line Items] | |||
Balance at beginning of year | 18,316 | (26,274) | |
Other comprehensive income (loss) before reclassifications | 118,574 | 47,673 | |
Reclassifications out of accumulated other comprehensive income (loss) | 22 | (3,083) | |
Net change during the year | 118,596 | 44,590 | |
Balance at end of year | 136,912 | 18,316 | |
Pension liability adjustment [Member] | |||
Accumulated other comprehensive income (loss) [Line Items] | |||
Balance at beginning of year | [1] | (43,477) | (62,571) |
Other comprehensive income (loss) before reclassifications | [1] | (2,156) | 16,140 |
Reclassifications out of accumulated other comprehensive income (loss) | [1] | 1,830 | 2,954 |
Net change during the year | [1] | (326) | 19,094 |
Balance at end of year | [1] | (43,803) | (43,477) |
Own credit adjustments [Member] | |||
Accumulated other comprehensive income (loss) [Line Items] | |||
Balance at beginning of year | [2] | (12,983) | 62,740 |
Other comprehensive income (loss) before reclassifications | [2] | 46,816 | (65,741) |
Reclassifications out of accumulated other comprehensive income (loss) | [2] | 1,031 | (9,982) |
Net change during the year | [2] | 47,847 | (75,723) |
Balance at end of year | [2] | ¥ 34,864 | ¥ (12,983) |
[1]See Note 13 “Employee benefit plans” for further information.[2]See Note 2 “Fair value measurements” for further information. |
Other comprehensive income (l_4
Other comprehensive income (loss) - Significant reclassifications out of Accumulated other comprehensive income (loss) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Affected line items in consolidated statements of income [Line Items] | |||
Revenue—Other / Non-interest expenses—Other | ¥ 152,832 | ¥ 208,317 | ¥ 165,991 |
Revenue-Net gain on trading | 368,799 | 310,040 | 356,609 |
Income tax expense | (80,090) | (70,274) | (28,894) |
Net income (loss) | 146,533 | 160,397 | 219,367 |
Net income attributable to noncontrolling interests | (3,537) | (7,281) | (2,369) |
Net income (loss) attributable to NHI shareholders | 142,996 | 153,116 | ¥ 216,998 |
Reclassifications out of accumulated other comprehensive income (loss) [Member] | Cumulative translation adjustments [Member] | |||
Affected line items in consolidated statements of income [Line Items] | |||
Revenue—Other / Non-interest expenses—Other | (21) | 3,083 | |
Income tax expense | (1) | ||
Net income (loss) | (22) | 3,083 | |
Net income attributable to noncontrolling interests | |||
Net income (loss) attributable to NHI shareholders | (22) | 3,083 | |
Reclassifications out of accumulated other comprehensive income (loss) [Member] | Pension liability adjustment [Member] | |||
Affected line items in consolidated statements of income [Line Items] | |||
Non-interest expenses-Compensation and benefits / Revenue-Other | (2,585) | (4,167) | |
Income tax expense | 755 | 1,213 | |
Net income (loss) | (1,830) | (2,954) | |
Net income attributable to noncontrolling interests | |||
Net income (loss) attributable to NHI shareholders | (1,830) | (2,954) | |
Reclassifications out of accumulated other comprehensive income (loss) [Member] | Own credit adjustments [Member] | |||
Affected line items in consolidated statements of income [Line Items] | |||
Revenue-Net gain on trading | (1,161) | 12,134 | |
Income tax expense | 130 | (2,152) | |
Net income (loss) | (1,031) | 9,982 | |
Net income attributable to noncontrolling interests | |||
Net income (loss) attributable to NHI shareholders | ¥ (1,031) | ¥ 9,982 |
Shareholders' equity - Changes
Shareholders' equity - Changes in shares of common stock outstanding (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Stockholders' Equity [Abstract] | |||
Common stock outstanding at beginning of year | 3,063,155,434 | 3,038,587,493 | 3,310,800,799 |
Decrease of common stock by cancellation of treasury stock | (260,000,000) | ||
Common stock held in treasury: | |||
Repurchases of common stock | (80,020,237) | (20,129) | (299,381,781) |
Sales of common stock | 345 | 353 | 390 |
Common stock issued to employees | 34,682,592 | 24,587,717 | 27,168,085 |
Cancellation of treasury stock | 260,000,000 | ||
Other net change in treasury stock | (14,122) | ||
Common stock outstanding at end of year | 3,017,804,012 | 3,063,155,434 | 3,038,587,493 |
Shareholders' equity - Addition
Shareholders' equity - Additional information (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | |||||
Apr. 26, 2022 | Oct. 29, 2021 | Jun. 18, 2019 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Class of Stock [Line Items] | ||||||
Amounts available for distributions | ¥ 1,315,738 | ¥ 1,232,753 | ¥ 1,297,560 | |||
Dividends on common stock per share | ¥ 22 | ¥ 35 | ¥ 20 | |||
Cancellation of treasury stock | 260,000,000 | |||||
Repurchased shares of common stock | 80,020,237 | 20,129 | 299,381,781 | |||
Minimum tradable quantity of share lot | 100 | |||||
Subsequent Event [Member] | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program number of shares authorized to be repurchased | 50,000,000 | |||||
Share buyback program authorized amount | ¥ 30,000 | |||||
Share buyback program date | Mar. 31, 2023 | |||||
Stock Repurchase Program commencement date | May 17, 2022 | |||||
Board of directors meeting held on June 18, 2019 [Member] | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program number of shares authorized to be repurchased | 300,000,000 | |||||
Share buyback program authorized amount | ¥ 150,000 | |||||
Repurchased shares of common stock | 299,362,300 | |||||
Repurchased shares of common stock at cost | ¥ 150,000 | |||||
Board of directors meeting held on June 18, 2019 [Member] | Minimum [Member] | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program date | Jun. 19, 2019 | |||||
Board of directors meeting held on June 18, 2019 [Member] | Maximum [Member] | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program date | Mar. 31, 2020 | |||||
Board of directors meeting held on October 29, 2021 | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program number of shares authorized to be repurchased | 80,000,000 | |||||
Share buyback program authorized amount | ¥ 50,000 | |||||
Repurchased shares of common stock | 80,000,000 | |||||
Repurchased shares of common stock at cost | ¥ 39,639 | |||||
Board of directors meeting held on October 29, 2021 | Minimum [Member] | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program date | Nov. 16, 2021 | |||||
Board of directors meeting held on October 29, 2021 | Maximum [Member] | ||||||
Class of Stock [Line Items] | ||||||
Share buyback program date | Mar. 31, 2022 |
Regulatory requirements - Addit
Regulatory requirements - Additional information (Detail) ¥ in Millions | Mar. 31, 2022 JPY (¥) | Mar. 31, 2022 USD ($) | Mar. 31, 2021 JPY (¥) |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Common equity Tier 1 capital ratio | 0.0751 | 0.0751 | |
Tier 1 capital ratio | 9.01% | 9.01% | |
Consolidated Capital adequacy ratio | 0.1101 | 0.1101 | |
Quantified total of business risk | 1.20 | 1.20 | 1.20 |
Segregated client cash recognized as an asset in Deposits with stock exchanges and other segregated cash | ¥ | ¥ 113,052 | ¥ 92,477 | |
Segregated securities recognized as assets in Trading assets and Collateralized agreements | ¥ | ¥ 1,103,395 | ¥ 1,080,260 | |
NSC [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Quantified total of business risk | 1.20 | 1.20 | 1.20 |
NFPS [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Quantified total of business risk | 1.20 | 1.20 | 1.20 |
NSI [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Ratio of net capital under the alternative method | 2% | 2% | |
Percentage of total risk margin requirement | 8% | 8% | |
Amount of maintenance of net capital as cash | $ 1,000,000 | ||
NGFP [Membrer] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Net capital defined under the alternative method | $ 20,000,000 | ||
Minimum net capital percentage of SEC risk margin amount | 2% | 2% | |
Minimum net capital percentage of CFTC risk margin amount | 2% | 2% | |
ILLC [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Net capital defined under the alternative method | $ 1,000,000 | ||
Ratio of net capital under the alternative method | 2% | 2% | |
Minimum capital required | $ 45,000 |
Affiliated companies and othe_3
Affiliated companies and other equity-method investees - Additional information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||||
Jun. 22, 2021 | Aug. 21, 2019 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Subsidiary or Equity Method Investee [Line Items] | |||||
Impairment loss | |||||
NRI [Member] | |||||
Subsidiary or Equity Method Investee [Line Items] | |||||
Number of shares sold | 14,105,000 | 101,889,300 | |||
Number of shares sold value | ¥ 50,002 | ¥ 159,966 | |||
Gain loss on litigation settlement | ¥ 36,249 | ¥ 73,293 | |||
NRI [Member] | Third Parties [Member] | |||||
Subsidiary or Equity Method Investee [Line Items] | |||||
Number of shares sold | 15,000,000 | ||||
Number of shares sold value | ¥ 57,870 | ||||
Gain loss on litigation settlement | ¥ 42,798 | ||||
NRI [Member] | |||||
Subsidiary or Equity Method Investee [Line Items] | |||||
Ownership percentage | 24.50% | 28.60% | |||
Difference between the carrying amount of the equity method investment and the underlying equity in net assets | ¥ 57,633 | ¥ 60,572 | |||
NREH [Member] | |||||
Subsidiary or Equity Method Investee [Line Items] | |||||
Ownership percentage | 36.60% | 36.10% | |||
Difference between the carrying amount of the equity method investment and the underlying equity in net assets | ¥ 36,910 | ¥ 37,140 | |||
Impairment loss | ¥ 47,661 |
Affiliated companies and othe_4
Affiliated companies and other equity-method investees - Summary of financial information for significant affiliated companies and other equity-method investees (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Subsidiary or Equity Method Investee [Line Items] | |||
Total assets | ¥ 43,412,156 | ¥ 42,516,480 | |
Total liabilities | 40,439,353 | 39,760,029 | |
Net revenues | 1,593,999 | 1,617,235 | ¥ 1,952,482 |
Non-interest expenses | 1,137,267 | 1,171,201 | 1,039,568 |
Net income attributable to the companies | 142,996 | 153,116 | 216,998 |
Significant affiliated companies [Member] | |||
Subsidiary or Equity Method Investee [Line Items] | |||
Total assets | 3,009,394 | 2,769,294 | |
Total liabilities | 1,984,043 | 1,788,704 | |
Net revenues | 1,041,000 | 909,616 | 1,017,860 |
Non-interest expenses | 786,391 | 737,200 | 791,403 |
Net income attributable to the companies | ¥ 179,706 | ¥ 124,163 | ¥ 155,567 |
Affiliated companies and othe_5
Affiliated companies and other equity-method investees - Summary of balances and transactions with affiliated companies and other equity-method investees (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||
Subsidiary or Equity Method Investee [Line Items] | ||||
Revenues | ¥ 1,593,999 | ¥ 1,617,235 | ¥ 1,952,482 | |
Non-interest expenses | 1,137,267 | 1,171,201 | 1,039,568 | |
Affiliated companies and other equity-method investees [Member] | ||||
Subsidiary or Equity Method Investee [Line Items] | ||||
Investments in affiliated companies | 363,281 | 363,393 | ||
Advances to affiliated companies | 1,000 | 1,000 | ||
Other receivables from affiliated companies | [1] | 24,754 | 21,817 | |
Other payables to affiliated companies | [1] | 30,617 | 26,344 | |
Revenues | 2,660 | 2,240 | 3,833 | |
Non-interest expenses | 50,004 | 50,753 | 46,335 | |
Purchase of software, securities and tangible assets | ¥ 12,760 | ¥ 14,407 | ¥ 17,716 | |
[1]ROU assets and operating lease liabilities are included by ¥20,793 million and ¥23,899 million as of March 31, 2021 and 2022 respectively. |
Affiliated companies and othe_6
Affiliated companies and other equity-method investees - Summary of balances and transactions with affiliated companies and other equity-method investees - Parenthetical (Details) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Subsidiary or Equity Method Investee [Line Items] | ||
Operating lease right of use asset | ¥ 175,422 | ¥ 185,085 |
Operating lease liability | 198,131 | |
Accounting Standards Update 2016-02 [Member] | ||
Subsidiary or Equity Method Investee [Line Items] | ||
Operating lease right of use asset | 23,899 | 20,793 |
Operating lease liability | ¥ 23,899 | ¥ 20,793 |
Affiliated companies and othe_7
Affiliated companies and other equity-method investees - Summary of aggregate carrying amount and fair value of investments in affiliated companies and other equity-method investees (Detail) - Affiliated companies and other equity-method investees [Member] - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Subsidiary or Equity Method Investee [Line Items] | ||
Carrying amount | ¥ 341,935 | ¥ 340,909 |
Fair value | ¥ 772,243 | ¥ 768,389 |
Affiliated companies and othe_8
Affiliated companies and other equity-method investees - Summary of equity in earnings of equity-method investees and dividends from equity-method investees (Detail) - Equity Method Investee [Member] - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings of equity-method investees | ¥ 32,083 | ¥ 26,812 | ¥ 32,109 |
Dividends from equity-method investees | ¥ 11,848 | ¥ 11,096 | ¥ 11,767 |
Commitments, contingencies an_3
Commitments, contingencies and guarantees - Commitments outstanding (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Commitments [Line Items] | ||
Commitments to extend credit | ¥ 2,012,851 | ¥ 2,301,943 |
Commitments to invest | 32,286 | 136,367 |
Liquidity facilities to central clearing counterparties [Member] | ||
Commitments [Line Items] | ||
Commitments to extend credit | 1,135,695 | 1,400,076 |
Other commitments to extend credit [Member] | ||
Commitments [Line Items] | ||
Commitments to extend credit | ¥ 877,156 | ¥ 901,867 |
Commitments, contingencies an_4
Commitments, contingencies and guarantees - Maturities of commitments (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | ¥ 2,012,851 | ¥ 2,301,943 |
Commitments to invest | 32,286 | 136,367 |
Liquidity facilities to central clearing counterparties [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 1,135,695 | 1,400,076 |
Other commitments to extend credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 877,156 | ¥ 901,867 |
Less than 1 year [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 1,354,834 | |
Commitments to invest | 149 | |
Less than 1 year [Member] | Liquidity facilities to central clearing counterparties [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 1,135,695 | |
Less than 1 year [Member] | Other commitments to extend credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 219,139 | |
1 to 3 years [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 269,828 | |
Commitments to invest | 4,102 | |
1 to 3 years [Member] | Liquidity facilities to central clearing counterparties [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | ||
1 to 3 years [Member] | Other commitments to extend credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 269,828 | |
3 to 5 years [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 163,515 | |
Commitments to invest | 6,175 | |
3 to 5 years [Member] | Liquidity facilities to central clearing counterparties [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | ||
3 to 5 years [Member] | Other commitments to extend credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 163,515 | |
More than 5 years [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | 224,674 | |
Commitments to invest | 21,860 | |
More than 5 years [Member] | Liquidity facilities to central clearing counterparties [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | ||
More than 5 years [Member] | Other commitments to extend credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Commitments to extend credit | ¥ 224,674 |
Commitments, contingencies an_5
Commitments, contingencies and guarantees - Additional information (Detail) ¥ in Millions, $ in Millions | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||
Jun. 05, 2022 EUR (€) | Feb. 01, 2022 EUR (€) | May 20, 2021 EUR (€) | Nov. 08, 2019 EUR (€) | Jun. 30, 2016 USD ($) | May 31, 2019 EUR (€) | Jan. 31, 2018 EUR (€) | Sep. 30, 2017 USD ($) | Jul. 31, 2013 EUR (€) | Mar. 31, 2013 EUR (€) | Mar. 31, 2022 JPY (¥) | Mar. 31, 2021 JPY (¥) | Jun. 24, 2022 JPY (¥) | Mar. 31, 2022 USD ($) | Jun. 30, 2019 EUR (€) | May 22, 2018 EUR (€) | Mar. 31, 2017 USD ($) | Sep. 23, 2015 EUR (€) | Mar. 31, 2014 EUR (€) | Jun. 30, 2012 JPY (¥) | Nov. 30, 2011 USD ($) | Jan. 31, 2008 EUR (€) | |
Contingencies | ||||||||||||||||||||||
Current estimate of maximum reasonably possible loss | ¥ | ¥ 61,000 | |||||||||||||||||||||
Legal expenses | ¥ | ¥ 63,338 | ¥ 41,131 | ||||||||||||||||||||
Legal reserves | $ | $ 3,203 | |||||||||||||||||||||
Other Liabilities [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Liability in respect of outstanding and unsettled investigations | ¥ | 76,866 | 62,889 | ||||||||||||||||||||
Subsequent event [Member] | NMRNip Guilty [Member] | Rejected as invalid [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of damages sought | € 3,450,000 | |||||||||||||||||||||
Litigation settlement amount | € 88,000,000 | |||||||||||||||||||||
Tax notice issued by tax authorities in Pescara, Italy [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Reimbursement of refund | € 33,800,000 | |||||||||||||||||||||
Tax credit refunds | € 38,000,000 | |||||||||||||||||||||
Two actions by Fairfield Sentry Ltd. and Fairfield Sigma Ltd. [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Recovery of payment | ¥ | ¥ 35 | |||||||||||||||||||||
Claim filed by the Madoff Trustee [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Recovery of payment | $ | $ 24.4 | |||||||||||||||||||||
Action by Banca Monte dei Paschi di Siena SpA [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of damages sought | € 1,100,000,000 | |||||||||||||||||||||
Recovery of payment | € 1,500,000,000 | |||||||||||||||||||||
Amount of discount based on the settlement agreement | € 440,000,000 | |||||||||||||||||||||
Action by Fondazione Monte dei Paschi di Siena [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of damages sought | € 315,200,000 | |||||||||||||||||||||
Action by Alken Fund Sicav and Alken Luxembourg S.A [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of damages sought | € 434,000,000 | |||||||||||||||||||||
Action by York Global Finance Offshore BDH (Luxembourg) Sarl and a number of seemingly related funds [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of damages sought | € 186,700,000 | |||||||||||||||||||||
Action by the Commissione Nazionale per le Societa e la Borsa [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of fine payment, due to vicarious liability | € 100,000 | |||||||||||||||||||||
Action by Syndicate Banks [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Syndicate term loan | $ | $ 60 | |||||||||||||||||||||
Amount of damages sought | $ | $ 48 | |||||||||||||||||||||
Action by certain subsidiaries of American International Group, Inc. [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Certain project finance notes | $ | $ 750 | |||||||||||||||||||||
Certain project finance notes which were purchased by AIG | $ | $ 92 | |||||||||||||||||||||
Action by FT Syndicate Banks [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Syndicate term loan | $ | $ 100 | |||||||||||||||||||||
Amount of damages sought | $ | $ 68 | |||||||||||||||||||||
NIP Guilty [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Amount of damages sought | € 3,450,000 | |||||||||||||||||||||
Litigation settlement amount | € 88,000,000 | |||||||||||||||||||||
Action By European Commission For Infringing The Competition Law [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Loss contingency accrual provision | € 129,600,000 | |||||||||||||||||||||
Action By Stichting Vestia [Member] | ||||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Litigation settlement amount | € 154,200,000 | |||||||||||||||||||||
Other commitments [Member] | ||||||||||||||||||||||
Commitments and Contingencies Disclosure [Line Items] | ||||||||||||||||||||||
Purchase obligations for goods or services | ¥ | 98,214 | |||||||||||||||||||||
Resale agreements | ¥ | 1,565,000 | 1,725,000 | ||||||||||||||||||||
Repurchase agreements | ¥ | 2,673,000 | 1,533,000 | ||||||||||||||||||||
Obligations to return debt and equity securities borrowed without collateral | ¥ | 1,219,000 | 824,000 | ||||||||||||||||||||
Contingencies | ||||||||||||||||||||||
Commitments to purchase client notes | ¥ | 15,000 | |||||||||||||||||||||
Other commitments [Member] | Maintenance Agreements [Member] | ||||||||||||||||||||||
Commitments and Contingencies Disclosure [Line Items] | ||||||||||||||||||||||
Purchase obligations for goods or services | ¥ | ¥ 98,214 | ¥ 121,604 |
Commitments, contingencies an_6
Commitments, contingencies and guarantees - Maturities of purchase obligations (Detail) - Other commitments [Member] ¥ in Millions | Mar. 31, 2022 JPY (¥) |
Purchase obligations [Line Items] | |
Purchase obligations, Total | ¥ 98,214 |
Less than 1 year | 14,012 |
1 to 2 years | 15,254 |
2 to 3 years | 3,398 |
3 to 4 years | 1,774 |
4 to 5 years | 63,623 |
More than 5 years | ¥ 153 |
Commitments, contingencies an_7
Commitments, contingencies and guarantees - Information on derivative contracts and standby letters of credit and other guarantees (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative contracts [Member] | |||
Guarantees [Line Items] | |||
Carrying value | [1],[2] | ¥ 6,151,646 | ¥ 5,207,911 |
Maximum potential payout /Notional total | [1],[2] | 393,709,887 | 322,635,226 |
Standby letters of credit and other guarantees [Member] | |||
Guarantees [Line Items] | |||
Carrying value | [3] | ||
Maximum potential payout /Notional total | [3] | ¥ 1,698,193 | ¥ 206,072 |
[1]Credit derivatives are disclosed in Note 3 “Derivative instruments and hedging activities” and are excluded from above.[2]Derivative contracts primarily consist of equity, interest rate and foreign exchange contracts.[3]Primarily related to a certain sponsored repo program where Nomura guarantees to a third party clearing house in relation to its clients’ payment obligations. Our credit exposures under this guarantee is minimized by obtaining collateral from clients at amount approximately the maximum potential payout under the guarantee. |
Commitments, contingencies an_8
Commitments, contingencies and guarantees - Maturity information on derivative contracts and standby letters of credit and other guarantees (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative contracts [Member] | |||
Guarantees [Line Items] | |||
Carrying value | [1],[2] | ¥ 6,151,646 | ¥ 5,207,911 |
Maximum potential payout /Notional | [1],[2] | 393,709,887 | 322,635,226 |
Derivative contracts [Member] | Less than 1 year [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 82,738,268 | ||
Derivative contracts [Member] | 1 to 3 years [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 112,981,416 | ||
Derivative contracts [Member] | 3 to 5 years [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 65,305,775 | ||
Derivative contracts [Member] | More than 5 years [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 132,684,428 | ||
Standby letters of credit and other guarantees [Member] | |||
Guarantees [Line Items] | |||
Carrying value | [3] | ||
Maximum potential payout /Notional | [3] | 1,698,193 | ¥ 206,072 |
Standby letters of credit and other guarantees [Member] | Less than 1 year [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 1,684,360 | ||
Standby letters of credit and other guarantees [Member] | 1 to 3 years [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 7,705 | ||
Standby letters of credit and other guarantees [Member] | 3 to 5 years [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | 4,519 | ||
Standby letters of credit and other guarantees [Member] | More than 5 years [Member] | |||
Guarantees [Line Items] | |||
Maximum potential payout /Notional | ¥ 1,609 | ||
[1]Credit derivatives are disclosed in Note 3 “Derivative instruments and hedging activities” and are excluded from above.[2]Derivative contracts primarily consist of equity, interest rate and foreign exchange contracts.[3]Primarily related to a certain sponsored repo program where Nomura guarantees to a third party clearing house in relation to its clients’ payment obligations. Our credit exposures under this guarantee is minimized by obtaining collateral from clients at amount approximately the maximum potential payout under the guarantee. |
Segment and geographic inform_3
Segment and geographic information - Business segments' results (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||
Segment Reporting Information [Line Items] | ||||
Non-interest revenue | ¥ 1,304,154 | ¥ 1,249,224 | ¥ 1,179,337 | |
Net interest revenue | 54,113 | 141,103 | 129,819 | |
Net revenue | 1,358,267 | 1,390,327 | 1,309,156 | |
Non-interest expenses | 1,137,267 | 1,171,201 | 1,039,568 | |
Income (loss) before income taxes | 221,000 | 219,126 | 269,588 | |
Retail [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Non-interest revenue | 324,642 | 366,271 | 329,983 | |
Net interest revenue | 3,343 | 2,538 | 6,376 | |
Net revenue | 327,985 | 368,809 | 336,359 | |
Non-interest expenses | 268,745 | 276,480 | 286,926 | |
Income (loss) before income taxes | 59,240 | 92,329 | 49,433 | |
Investment Management [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Non-interest revenue | 129,848 | 153,523 | 101,130 | |
Net interest revenue | 18,145 | 9,627 | 6,807 | |
Net revenue | 147,993 | 163,150 | 107,937 | |
Non-interest expenses | 76,478 | 72,142 | 74,364 | |
Income (loss) before income taxes | 71,515 | 91,008 | 33,573 | |
Wholesale [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Non-interest revenue | [1] | 617,227 | 524,019 | 506,203 |
Net interest revenue | [1] | 85,828 | 167,337 | 142,416 |
Net revenue | [1] | 703,055 | 691,356 | 648,619 |
Non-interest expenses | [1] | 628,563 | 627,051 | 556,399 |
Income (loss) before income taxes | [1] | 74,492 | 64,305 | 92,220 |
Other (Incl. elimination) [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Non-interest revenue | 232,437 | 205,411 | 242,021 | |
Net interest revenue | (53,203) | (38,399) | (25,780) | |
Net revenue | 179,234 | 167,012 | 216,241 | |
Non-interest expenses | 163,481 | 195,528 | 121,879 | |
Income (loss) before income taxes | ¥ 15,753 | ¥ (28,516) | ¥ 94,362 | |
[1]Non-interest revenue and Non-interest expense for the year ended March 31, 2021 and March 31, 2022 include losses arising from the U.S. Prime Brokerage Event. See Note 23 “U.S. Prime Brokerage Event” |
Segment and geographic inform_4
Segment and geographic information - Major components of Income (loss) before income taxes in "Other" (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||
Segment Reporting Information [Line Items] | ||||
Total | ¥ 221,000 | ¥ 219,126 | ¥ 269,588 | |
Other (Incl. elimination) [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net gain (loss) related to economic hedging transactions | (9,937) | (11,450) | 17,548 | |
Realized gain on investments in equity securities held for operating purposes | 1,355 | 1,731 | 6,601 | |
Equity in earnings of affiliates | [1] | 36,790 | (16,410) | 34,990 |
Corporate items | [2] | (91,073) | 4,956 | (22,240) |
Other | [3],[4],[5],[6] | 78,618 | (7,343) | 57,463 |
Total | ¥ 15,753 | ¥ (28,516) | ¥ 94,362 | |
[1]Includes an impairment loss of ¥47,661 million recognized in respect of Nomura’s investment in Nomura Real Estate holdings, Inc. during the year ended March 31, 2021. Based on the period and extent to which the share price of the investee (and therefore its estimated fair value) was below the carrying value of the investment, Nomura determined the impairment was other-than-temporary and an impairment loss was recognized through earnings. The loss was reported within Non-interest expenses—Other in the consolidated statements of income.[2]Income before income taxes for the year ended March 31, 2022 includes a loss of approximately ¥62.0 billion related to legacy transactions in the U.S. from before the global financial crisis (2007 – 2008) that was recognized including legal expenses as well as certain transactions intended to mitigate future losses.[3]Includes the impact of Nomura’s own creditworthiness.[4]Income before income taxes for the year ended March 31, 2020 includes a gain of ¥73,293 million from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd.[5]Income before income taxes for the year ended March 31, 2022 includes a gain of approximately ¥79.0 billion from the partial sale of Nomura’s investment in the ordinary shares of Nomura Research Institute, Ltd.[6]Loss before income taxes for the year ended March 31, 2021 includes a gain of ¥ 71,075 million which represents the difference between the fair value of the assets acquired and the carrying value of the assets transferred by Nomura as a result of the rights conversion of the Tokyo Nihonbashi district redevelopment project. |
Segment and geographic inform_5
Segment and geographic information - Major components of Income (loss) before income taxes in "Other" (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Impairment loss | |||
Gain on fair value of asset | 71,075 | ||
Loss on legacy transactions | 62,000 | ||
Nomura Research Institute, Ltd [Member] | |||
Gain on the sale of a part of the ordinary shares | ¥ 79,000 | ¥ 73,293 | |
Nomura Real Estate Holdings Inc [Member] | |||
Impairment loss | ¥ 47,661 |
Segment and geographic inform_6
Segment and geographic information - Reconciliation of combined business segments' results included in preceding table to reported Net revenue, Non-interest expenses and Income (loss) before income taxes (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||||
Segment and Geographic Information [Abstract] | ||||||
Net revenue | ¥ 1,358,267 | ¥ 1,390,327 | ¥ 1,309,156 | |||
Unrealized gain (loss) on investments in equity securities held for operating purposes | 5,623 | 11,545 | (21,327) | |||
Consolidated net revenue | [2] | 1,363,890 | [1] | 1,401,872 | [1] | 1,287,829 |
Non-interest expenses | 1,137,267 | 1,171,201 | 1,039,568 | |||
Unrealized gain (loss) on investments in equity securities held for operating purposes | ||||||
Consolidated non-interest expenses | 1,137,267 | 1,171,201 | 1,039,568 | |||
Income (loss) before income taxes | 221,000 | 219,126 | 269,588 | |||
Unrealized gain (loss) on investments in equity securities held for operating purposes | 5,623 | 11,545 | (21,327) | |||
Consolidated income (loss) before income taxes | ¥ 226,623 | [1] | ¥ 230,671 | [1] | ¥ 248,261 | |
[1]Includes losses arising from the U.S. Prime Brokerage Event. See Note 23 “U.S. Prime Brokerage Event.”[2]There is no revenue derived from transactions with a single major external customer. |
Segment and geographic inform_7
Segment and geographic information - Geographic allocation of Net revenue and Income (loss) before income taxes from operations by geographic areas, and Long-lived assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | ||||
Net revenue, income (loss) before income taxes and long-lived assets | ||||||
Consolidated, Net revenue | [2] | ¥ 1,363,890 | [1] | ¥ 1,401,872 | [1] | ¥ 1,287,829 |
Consolidated, Income (loss) before income taxes | 226,623 | [1] | 230,671 | [1] | 248,261 | |
Consolidated, Long-lived assets | 449,423 | 493,821 | 458,913 | |||
Americas [Member] | ||||||
Net revenue, income (loss) before income taxes and long-lived assets | ||||||
Consolidated, Net revenue | [2] | 289,571 | [1] | 226,741 | [1] | 229,265 |
Consolidated, Income (loss) before income taxes | (40,950) | [1] | (76,963) | [1] | 7,354 | |
Consolidated, Long-lived assets | 103,045 | 98,611 | 84,904 | |||
Europe [Member] | ||||||
Net revenue, income (loss) before income taxes and long-lived assets | ||||||
Consolidated, Net revenue | [2] | 131,393 | [1] | 142,941 | [1] | 115,483 |
Consolidated, Income (loss) before income taxes | (21,774) | [1] | 14,283 | [1] | (14,067) | |
Consolidated, Long-lived assets | 53,643 | 65,165 | 52,179 | |||
Asia and Oceania [Member] | ||||||
Net revenue, income (loss) before income taxes and long-lived assets | ||||||
Consolidated, Net revenue | [2] | 85,081 | [1] | 66,985 | [1] | 42,571 |
Consolidated, Income (loss) before income taxes | 28,586 | [1] | 49,205 | [1] | 19,817 | |
Consolidated, Long-lived assets | 23,600 | 26,690 | 29,618 | |||
Subtotal [Member] | ||||||
Net revenue, income (loss) before income taxes and long-lived assets | ||||||
Consolidated, Net revenue | [2] | 506,045 | [1] | 436,667 | [1] | 387,319 |
Consolidated, Income (loss) before income taxes | (34,138) | [1] | (13,475) | [1] | 13,104 | |
Consolidated, Long-lived assets | 180,288 | 190,466 | 166,701 | |||
Japan [Member] | ||||||
Net revenue, income (loss) before income taxes and long-lived assets | ||||||
Consolidated, Net revenue | [2] | 857,845 | [1] | 965,205 | [1] | 900,510 |
Consolidated, Income (loss) before income taxes | 260,761 | [1] | 244,146 | [1] | 235,157 | |
Consolidated, Long-lived assets | ¥ 269,135 | ¥ 303,355 | ¥ 292,212 | |||
[1]Includes losses arising from the U.S. Prime Brokerage Event. See Note 23 “U.S. Prime Brokerage Event.”[2]There is no revenue derived from transactions with a single major external customer. |
U.S. Prime Brokerage Event - Ad
U.S. Prime Brokerage Event - Additional Information (Detail) - JPY (¥) ¥ in Millions | 3 Months Ended | 12 Months Ended | |||
May 17, 2021 | Mar. 31, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Trading gains losses | ¥ 368,799 | ¥ 310,040 | ¥ 356,609 | ||
Non-interest expenses - Other | 232,855 | 287,023 | ¥ 178,837 | ||
Subprime Borkerage [Member] | US | Loans With The Client [Member] | Subsidiaries [Member] | |||||
Loss on margin calls prime brokerage transactions | ¥ (65,362) | (245,749) | |||
Trading gains losses | (56,073) | ¥ 12,161 | (204,188) | ||
Provision for credit losses | ¥ 9,289 | ¥ 9,289 | ¥ 41,561 | ||
Non-interest expenses - Other | (2,535) | ||||
Loss recovered on margin calls prime brokerage transactions | ¥ (14,696) |