FORM 6-K/A
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FORM 6-K/A

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Commission File Number: 1-15270

For the month of May 2014

NOMURA HOLDINGS, INC.

(Translation of registrant’s name into English)

9-1, Nihonbashi 1-chome

Chuo-ku, Tokyo 103-8645

Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F       X             Form 40-F              

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

 

 

 

 

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Information furnished on this form:

EXHIBITS

 

Exhibit Number
1.   

Correction to “(English Translation) Quarterly Securities Report Pursuant to the Financial Instruments and Exchange Act for the Nine Months Ended December 31, 2013”, furnished as Exhibit 1 to the report on Form 6-K on February 28, 2014.

2.   

Correction to “Ratio of Earnings to Fixed Charges and Computation Thereof for the Nine Months Ended December 31, 2013”, furnished as Exhibit 3 to the report on Form 6-K on February 28, 2014.

The registrant hereby incorporates Exhibit 1 and 2 to this report on Form 6-K/A by reference (i) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-191250) of the registrant and Nomura America Finance, LLC, filed with the Securities and Exchange Commission (“SEC”) on September 19, 2013 and (ii) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-186755) of the registrant, filed with the SEC on February 20, 2013.

EXPLANATORY NOTE: The registrant furnished to the SEC a report on Form 6-K on February 28, 2014. The registrant is furnishing this Form 6-K/A in order to amend certain information in Exhibit 1 “(English Translation) Quarterly Securities Report Pursuant to the Financial Instruments and Exchange Act for the Nine Months Ended December 31, 2013” and in Exhibit 3 “Ratio of Earnings to Fixed Charges and Computation Thereof for the Nine Months Ended December 31, 2013” furnished on Form 6-K on February 28, 2014, as shown in Exhibit 1 and Exhibit 2 to this report, respectively.

As shown in Exhibit 1 to this Form 6-K/A, amended portions are indicated by “underline” and relate to the following:

Part I Corporate Information

Item 1. Information on Company and Its Subsidiaries and Affiliates

1. Selected Financial Data

Item 2. Operating and Financial Review

3. Operating, Financial and Cash Flows Analysis

(1) Operating Results

Item 3. Company Information

1. Share Capital Information

(7) Voting Rights

A. Outstanding Shares

B. Treasury Stocks

Item 4. Financial Information

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets (UNAUDITED)

(2) Consolidated Statements of Income (UNAUDITED)

(3) Consolidated Statements of Comprehensive Income (UNAUDITED)

(4) Consolidated Statements of Changes in Equity (UNAUDITED)

(5) Consolidated Statements of Cash Flows (UNAUDITED)

Notes to the Consolidated Financial Statements (UNAUDITED)

11. Earnings per share

17. Segment and geographic information

As shown in Exhibit 2 to this Form 6-K/A, amended portions are also indicated by “underline.”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NOMURA HOLDINGS, INC.
Date: May 30, 2014   By:  

/s/ Hajime Ikeda

    Hajime Ikeda
    Managing Director

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Exhibit 1

Part I Corporate Information

Item 1. Information on Company and Its Subsidiaries and Affiliates

1. Selected Financial Data

(Before Correction)

 

        Nine months
ended
    December 31,    
2012		     Nine months
ended
    December 31,    
2013		         Three months    
ended
December 31,
2012		         Three months    
ended
December 31,
2013		     Year
ended
    March 31,    
2013		  

Total Revenue

   (Mil yen)     1,359,800        1,381,071        458,981        447,421        2,079,943   

Net revenue

   (Mil yen)     1,160,019        1,167,133        389,086        379,421        1,813,631   

Income (loss) before income taxes

   (Mil yen)     68,048        273,047        12,965        86,894        237,730   

Net income (loss) attributable to Nomura Holdings, Inc. (“NHI”) shareholders

   (Mil yen)     24,812        152,336        20,112        48,329        107,234   

Comprehensive income (loss) attributable to NHI shareholders

   (Mil yen)     52,030        241,092        66,043        108,269        194,988   

Total equity

   (Mil yen)     2,435,083        2,528,470        —         —         2,318,983   

Total assets

   (Mil yen)     38,562,229        43,634,422        —         —         37,942,439   

Net income (loss) attributable to NHI shareholders per share—basic

   (Yen)     6.73        41.09        5.44        13.02        29.04   

Net income (loss) attributable to NHI shareholders per share—diluted

   (Yen)     6.60        39.83        5.33        12.65        28.37   

Total NHI shareholders’ equity as a percentage of total assets

   (%)     5.6        5.7        —         —         6.0   

Cash flows from operating activities

   (Mil yen)     346,356        554,851        —         —         549,501   

Cash flows from investing activities

   (Mil yen)     (125,079 )      (130,173 )      —         —         (160,486 ) 

Cash flows from financing activities

   (Mil yen)     (490,423 )      (20,956 )      —         —         (701,623 ) 

Cash and cash equivalents at end of the period

   (Mil yen)     820,045        1,257,512        —         —         805,087   

 

1 The selected financial data of Nomura Holdings, Inc. (the “Company”) and other entities in which it has a controlling financial interest (collectively referred to as “Nomura”, “we”, “our”, or “us”) are stated in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”).
2 Taxable transactions do not include consumption taxes and local consumption taxes.
3 As the consolidated financial statements have been prepared, selected financial data on the Company are not disclosed.

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(After Correction)

 

        Nine months
ended
    December 31,    
2012		     Nine months
ended
    December 31,    
2013		         Three months    
ended
December 31,
2012		         Three months    
ended
December 31,
2013		     Year
ended
    March 31,    
2013		  

Total Revenue

   (Mil yen)     1,359,800        1,381,070        458,981        447,421        2,079,943   

Net revenue

   (Mil yen)     1,160,019        1,167,132        389,086        379,421        1,813,631   

Income (loss) before income taxes

   (Mil yen)     68,048        273,046        12,965        86,894        237,730   

Net income (loss) attributable to Nomura Holdings, Inc. (“NHI”) shareholders

   (Mil yen)     24,812        152,335        20,112        48,329        107,234   

Comprehensive income (loss) attributable to NHI shareholders

   (Mil yen)     52,030        241,091        66,043        108,269        194,988   

Total equity

   (Mil yen)     2,435,083        2,528,466        —         —         2,318,983   

Total assets

   (Mil yen)     38,562,229        43,634,418        —         —         37,942,439   

Net income (loss) attributable to NHI shareholders per share—basic

   (Yen)     6.73        41.09        5.44        13.02        29.04   

Net income (loss) attributable to NHI shareholders per share—diluted

   (Yen)     6.60        39.83        5.33        12.65        28.37   

Total NHI shareholders’ equity as a percentage of total assets

   (%)     5.6        5.7        —         —         6.0   

Cash flows from operating activities

   (Mil yen)     346,356        554,854        —         —         549,501   

Cash flows from investing activities

   (Mil yen)     (125,079 )      (130,173 )      —         —         (160,486 ) 

Cash flows from financing activities

   (Mil yen)     (490,423 )      (20,959 )      —         —         (701,623 ) 

Cash and cash equivalents at end of the period

   (Mil yen)     820,045        1,257,512        —         —         805,087   

 

1 The selected financial data of Nomura Holdings, Inc. (the “Company”) and other entities in which it has a controlling financial interest (collectively referred to as “Nomura”, “we”, “our”, or “us”) are stated in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”).
2 Taxable transactions do not include consumption taxes and local consumption taxes.
3 As the consolidated financial statements have been prepared, selected financial data on the Company are not disclosed.

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Item 2. Operating and Financial Review

3. Operating, Financial and Cash Flows Analysis

(1) Operating Results

(Omitted)

The breakdown of net revenue and non-interest expenses on the consolidated statements of income are as follows:

(Before Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012      2013  

Commissions

    ¥ 233,327       ¥ 384,681   

Brokerage commissions

      113,980         222,212   

Commissions for distribution of investment trust

      95,700         138,561   

Other

      23,647         23,908   

Fees from investment banking

      40,541         64,147   

Underwriting and distribution

      21,445         46,017   

M&A / financial advisory fees

      17,470         17,315   

Other

      1,626         815   

Asset management and portfolio service fees

      102,241         125,157   

Asset management fees

      89,510         111,604   

Other

      12,731         13,553   

Net gain on trading

      261,516         347,134   

Gain (loss) on private equity investments

      6,543         11,738   

Net interest

      96,267         102,080   

Gain (loss) on investments in equity securities

      14,767         20,394   

Other

      404,817         111,802   
  

 

 

     

 

 

  

Net revenue

    ¥ 1,160,019       ¥ 1,167,133   
  

 

 

     

 

 

  

(After Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012      2013  

Commissions

    ¥ 233,327       ¥ 384,681   

Brokerage commissions

      113,980         222,212   

Commissions for distribution of investment trust

      95,700         138,561   

Other

      23,647         23,908   

Fees from investment banking

      40,541         64,147   

Underwriting and distribution

      21,445         46,017   

M&A / financial advisory fees

      17,470         17,315   

Other

      1,626         815   

Asset management and portfolio service fees

      102,241         125,157   

Asset management fees

      89,510         111,604   

Other

      12,731         13,553   

Net gain on trading

      261,516         347,133   

Gain (loss) on private equity investments

      6,543         11,738   

Net interest

      96,267         102,080   

Gain (loss) on investments in equity securities

      14,767         20,394   

Other

      404,817         111,802   
  

 

 

     

 

 

  

Net revenue

    ¥ 1,160,019       ¥ 1,167,132   
  

 

 

     

 

 

  

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Business Segment Information

(Omitted)

(Before Correction)

Net revenue

 

     Millions of yen  
           Nine months ended December 31        
     2012      2013  

Retail

    ¥ 259,176       ¥ 414,047   

Asset Management

      50,643         60,015   

Wholesale

      447,945         566,624   

Other (Incl. elimination)

      387,323         108,047   
  

 

 

     

 

 

  

Total

    ¥ 1,145,087       ¥ 1,148,733   
  

 

 

     

 

 

  

(After Correction)

Net revenue

 

     Millions of yen  
           Nine months ended December 31        
     2012      2013  

Retail

    ¥ 259,176       ¥ 414,047   

Asset Management

      50,643         60,015   

Wholesale

      447,945         566,623   

Other (Incl. elimination)

      387,323         108,047   
  

 

 

     

 

 

  

Total

    ¥ 1,145,087       ¥ 1,148,732   
  

 

 

     

 

 

  

Non-interest expenses

(Omitted)

(Before Correction)

Income (loss) before income taxes

 

     Millions of yen  
           Nine months ended December 31        
     2012     2013  

Retail

    ¥ 43,410      ¥ 168,734   

Asset Management

      17,248        21,789   

Wholesale

      35,999        78,323   

Other (Incl. elimination)

      (43,541 )      (14,199 ) 
  

 

 

    

 

 

  

Total

    ¥ 53,116      ¥ 254,647   
  

 

 

    

 

 

  

(After Correction)

Income (loss) before income taxes

 

     Millions of yen  
           Nine months ended December 31        
     2012     2013  

Retail

    ¥ 43,410      ¥ 168,734   

Asset Management

      17,248        21,789   

Wholesale

      35,999        78,322   

Other (Incl. elimination)

      (43,541 )      (14,199 ) 
  

 

 

    

 

 

  

Total

    ¥ 53,116      ¥ 254,646   
  

 

 

    

 

 

  

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(Omitted)

Wholesale

Net revenue was ¥566.6 billion. Non-interest expenses were ¥488.3 billion and income before income taxes was ¥78.3 billion.

The breakdown of net revenue for Wholesale is as follows:

(Before Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012      2013  

Fixed Income(1)

   ¥ 274,478       ¥ 290,501   

Equities(1)

     112,840         192,417   

Investment Banking (Net)

      48,643         67,912   

Investment Banking (Other)

      11,984         15,794   
  

 

 

     

 

 

  

Investment Banking

      60,627         83,706   
  

 

 

     

 

 

  

Net revenue

    ¥ 447,945       ¥ 566,624   
  

 

 

     

 

 

  

Investment Banking (Gross)

    ¥ 98,927       ¥ 128,891   
  

 

 

     

 

 

  

 

(1) In accordance with the realignment in April 2013, certain prior period amounts of Fixed Income and Equities have been reclassified to conform to the current presentation.

(After Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012      2013  

Fixed Income(1)

   ¥ 274,478       ¥ 290,501   

Equities(1)

     112,840         192,416   

Investment Banking (Net)

      48,643         67,912   

Investment Banking (Other)

      11,984         15,794   
  

 

 

     

 

 

  

Investment Banking

      60,627         83,706   
  

 

 

     

 

 

  

Net revenue

    ¥ 447,945       ¥ 566,623   
  

 

 

     

 

 

  

Investment Banking (Gross)

    ¥ 98,927       ¥ 128,891   
  

 

 

     

 

 

  

 

(1) In accordance with the realignment in April 2013, certain prior period amounts of Fixed Income and Equities have been reclassified to conform to the current presentation.

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Item 3. Company Information

1. Share Capital Information

(7) Voting Rights

A. Outstanding Shares

(Before Correction)

 

     As of December 31, 2013
     Number of Shares         Number of Votes          Description

Stock without voting right

      —         —        —  

Stock with limited voting right (Treasury stocks, etc.)

      —         —        —  

Stock with limited voting right (Others)

      —         —        —  

Stock with full voting right (Treasury stocks, etc.)

      (Treasury Stocks )      —        —  
    

 

 Common stock 106,068,200

(Crossholding Stocks

   

) 

     —        —  
     Common stock 4,105,000        

Stock with full voting right (Others)

      Common stock 3,710,619,900        37,106,199       —  

Shares less than 1 unit

      Common stock 1,769,501        —        Shares less than 1 unit

(100 shares)

  

 

 

    

 

 

     

 

Total Shares Issued

      3,822,562,601        —        —  
  

 

 

    

 

 

     

 

Voting Rights of Total Shareholders

      —         37,106,199       —  
  

 

 

    

 

 

     

 

 

2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 67 shares of treasury stocks are included in “Shares less than 1 unit.”

(After Correction)

 

     As of December 31, 2013
     Number of Shares         Number of Votes          Description

Stock without voting right

      —         —        —  

Stock with limited voting right (Treasury stocks, etc.)

      —         —        —  

Stock with limited voting right (Others)

      —         —        —  

Stock with full voting right (Treasury stocks, etc.)

      (Treasury Stocks )      —        —  
    

 

 Common stock 106,068,200

(Crossholding Stocks

   

) 

     —        —  
     Common stock 4,109,700        

Stock with full voting right (Others)

      Common stock 3,710,615,200        37,106,152       —  

Shares less than 1 unit

      Common stock 1,769,501        —        Shares less than 1 unit

(100 shares)

  

 

 

    

 

 

     

 

Total Shares Issued

      3,822,562,601        —        —  
  

 

 

    

 

 

     

 

Voting Rights of Total Shareholders

      —         37,106,152       —  
  

 

 

    

 

 

     

 

 

2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 67 shares of treasury stocks are included in “Shares less than 1 unit.”

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B. Treasury Stocks

(Before Correction)

 

          As of December 31, 2013  

Name

    Address        Directly    
held
shares		          Indirectly    
held
shares		      Total          Percentage of    
Issued Shares
(%)		  

(Treasury Stocks)

               

Nomura Holdings, Inc.

    1-9-1, Nihonbashi, Chuo-ku,

Tokyo, Japan

      106,068,200         —          106,068,200         2.77   

(Crossholding Stocks)

               

JAFCO Co., Ltd.

    1-5-1, Otemachi, Chiyoda-ku,

Tokyo, Japan

      2,000,000         —          2,000,000         0.05   

Nomura Research Institute, Ltd.

    1-6-5, Marunouchi, Chiyoda-ku,

Tokyo, Japan

      1,000,000         —          1,000,000         0.03   

Nomura Real Estate Development Co., Ltd.

    1-26-2, Nishi Shinjuku,

Shinjuku-ku, Tokyo, Japan

      1,000,000         —          1,000,000         0.03   

Takagi Securities Co., Ltd.

    1-3-1-400, Umeda, Kita-ku,

Osaka-shi, Osaka, Japan

      100,000         —          100,000         0.00   

Nomura Japan Corporation.

    2-1-3 Nihonbashi

Horidomecho, Chuo-ku,

Tokyo, Japan

      5,000         —          5,000         0.00   
     

 

 

     

 

 

     

 

 

     

 

 

  

Total

         110,173,200         —          110,173,200         2.88   
     

 

 

     

 

 

     

 

 

     

 

 

  

(After Correction)

 

          As of December 31, 2013  

Name

    Address        Directly    
held
shares		          Indirectly    
held
shares		      Total          Percentage of    
Issued Shares
(%)		  

(Treasury Stocks)

               

Nomura Holdings, Inc.

    1-9-1, Nihonbashi, Chuo-ku,

Tokyo, Japan

      106,068,200         —          106,068,200         2.77   

(Crossholding Stocks)

               

JAFCO Co., Ltd.

    1-5-1, Otemachi, Chiyoda-ku,

Tokyo, Japan

      2,000,000         —          2,000,000         0.05   

Nomura Research Institute, Ltd.

    1-6-5, Marunouchi, Chiyoda-ku,

Tokyo, Japan

      1,000,000         —          1,000,000         0.03   

Nomura Real Estate Development Co., Ltd.

    1-26-2, Nishi Shinjuku,

Shinjuku-ku, Tokyo, Japan

      1,000,000         —          1,000,000         0.03   

Takagi Securities Co., Ltd.

    1-3-1-400, Umeda, Kita-ku,

Osaka-shi, Osaka, Japan

      100,000         —          100,000         0.00   

Nomura Japan Corporation.

    2-1-3 Nihonbashi

Horidomecho, Chuo-ku,

Tokyo, Japan

      5,000         —          5,000         0.00   

Nomura International plc

    1 Angel Lane, London,
United Kingdom		      4,700         —          4,700         0.00   
     

 

 

     

 

 

     

 

 

     

 

 

  

Total

         110,177,900         —          110,177,900         2.88   
     

 

 

     

 

 

     

 

 

     

 

 

  

Table of Contents

Item 4. Financial Information

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets (UNAUDITED)

(Before Correction)

 

            Millions of yen  
         Notes              March 31,    
2013		         December 31,    
2013		  
ASSETS        

Cash and cash deposits:

        

Cash and cash equivalents

       ¥ 805,087      ¥ 1,257,512   

Time deposits

         577,921        460,243   

Deposits with stock exchanges and other segregated cash

         269,744        340,420   
     

 

 

    

 

 

  

Total cash and cash deposits

         1,652,752        2,058,175   
     

 

 

    

 

 

  

Loans and receivables:

        

Loans receivable (including ¥524,049 million and ¥303,876 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 7         1,575,494        1,473,175   

Receivables from customers

         63,792        46,646   

Receivables from other than customers

         992,847        1,139,791   

Allowance for doubtful accounts

      *7         (2,258 )      (3,287 ) 
     

 

 

    

 

 

  

Total loans and receivables

         2,629,875        2,656,325   
     

 

 

    

 

 

  

Collateralized agreements:

        

Securities purchased under agreements to resell (including ¥997,788 million and ¥1,261,093 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         8,295,372        9,722,027   

Securities borrowed

         5,819,885        6,759,252   
     

 

 

    

 

 

  

Total collateralized agreements

         14,115,257        16,481,279   
     

 

 

    

 

 

  

Trading assets and private equity investments:

        

Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥9,329,743 million as of March 31, 2013 and December 31, 2013, respectively; including ¥19,970 million and ¥9,009 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 3         17,037,191        19,587,304   

Private equity investments (including ¥44,134 million and ¥3,655 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         87,158        43,094   
     

 

 

    

 

 

  

Total trading assets and private equity investments

         17,124,349        19,630,398   
     

 

 

    

 

 

  

Other assets:

        

Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥399,987 million as of December 31, 2013)

         428,241        428,851   

Non-trading debt securities

      *2, 5         920,611        1,001,655   

Investments in equity securities

      *2         123,490        141,826   

Investments in and advances to affiliated companies

      *7         345,705        370,765   

Other (including ¥1,632 million and ¥54,813 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 5, 10         602,159        865,148   
     

 

 

    

 

 

  

Total other assets

         2,420,206        2,808,245   
     

 

 

    

 

 

  

Total assets

       ¥ 37,942,439      ¥ 43,634,422   
     

 

 

    

 

 

  

Table of Contents

(1) Consolidated Balance Sheets—(Continued) (UNAUDITED)

 

            Millions of yen  
         Notes              March 31,    
2013		         December 31,    
2013		  
LIABILITIES AND EQUITY        

Short-term borrowings (including ¥77,036 million and ¥45,632 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2       ¥ 738,445      ¥ 559,795   

Payables and deposits:

        

Payables to customers

         476,705        542,741   

Payables to other than customers

         864,962        1,356,889   

Deposits received at banks

         1,072,134        1,103,782   
     

 

 

    

 

 

  

Total payables and deposits

         2,413,801        3,003,412   
     

 

 

    

 

 

  

Collateralized financing:

        

Securities sold under agreements to repurchase (including ¥264,767 million and ¥740,289 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         12,444,317        14,495,419   

Securities loaned

         2,158,559        2,636,357   

Other secured borrowings

         806,507        802,690   
     

 

 

    

 

 

  

Total collateralized financing

         15,409,383        17,934,466   
     

 

 

    

 

 

  

Trading liabilities

      *2, 3         8,491,296        10,350,094   

Other liabilities (including ¥2,360 million and ¥1,460 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 10         978,163        1,261,330   

Long-term borrowings (including ¥1,664,536 million and ¥1,865,383 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         7,592,368        7,996,855   
     

 

 

    

 

 

  

Total liabilities

         35,623,456        41,105,952   
     

 

 

    

 

 

  

Commitments and contingencies

      *16        

Equity:

        

Nomura Holdings, Inc. (“NHI”) shareholders’ equity:

        

Common stock

        

No par value share

        

Authorized—6,000,000,000 shares as of March 31, 2013 and December 31, 2013

        

Issued—3,822,562,601 shares as of March 31, 2013 and December 31, 2013

        

Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,715,251,026 shares as of December 31, 2013

         594,493        594,493   

Additional paid-in capital

         691,264        681,195   

Retained earnings

         1,136,523        1,259,207   

Accumulated other comprehensive income (loss)

      *15         (57,395 )      31,361   
     

 

 

    

 

 

  

Total NHI shareholders’ equity before treasury stock

         2,364,885        2,566,256   

Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 107,311,575 shares as of December 31, 2013

         (70,514 )      (73,758 ) 
     

 

 

    

 

 

  

Total NHI shareholders’ equity

         2,294,371        2,492,498   
     

 

 

    

 

 

  

Noncontrolling interests

         24,612        35,972   

Total equity

         2,318,983        2,528,470   
     

 

 

    

 

 

  

Total liabilities and equity

       ¥ 37,942,439      ¥ 43,634,422   
     

 

 

    

 

 

  

Table of Contents

(After Correction)

 

            Millions of yen  
         Notes              March 31,    
2013		         December 31,    
2013		  
ASSETS        

Cash and cash deposits:

        

Cash and cash equivalents

       ¥ 805,087      ¥ 1,257,512   

Time deposits

         577,921        460,243   

Deposits with stock exchanges and other segregated cash

         269,744        340,420   
     

 

 

    

 

 

  

Total cash and cash deposits

         1,652,752        2,058,175   
     

 

 

    

 

 

  

Loans and receivables:

        

Loans receivable (including ¥524,049 million and ¥303,876 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 7         1,575,494        1,473,175   

Receivables from customers

         63,792        46,646   

Receivables from other than customers

         992,847        1,139,791   

Allowance for doubtful accounts

      *7         (2,258 )      (3,287 ) 
     

 

 

    

 

 

  

Total loans and receivables

         2,629,875        2,656,325   
     

 

 

    

 

 

  

Collateralized agreements:

        

Securities purchased under agreements to resell (including ¥997,788 million and ¥1,261,093 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         8,295,372        9,722,027   

Securities borrowed

         5,819,885        6,759,252   
     

 

 

    

 

 

  

Total collateralized agreements

         14,115,257        16,481,279   
     

 

 

    

 

 

  

Trading assets and private equity investments:

        

Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥9,329,743 million as of March 31, 2013 and December 31, 2013, respectively; including ¥19,970 million and ¥9,009 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 3         17,037,191        19,587,300   

Private equity investments (including ¥44,134 million and ¥3,655 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         87,158        43,094   
     

 

 

    

 

 

  

Total trading assets and private equity investments

         17,124,349        19,630,394   
     

 

 

    

 

 

  

Other assets:

        

Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥399,987 million as of December 31, 2013)

         428,241        428,851   

Non-trading debt securities

      *2, 5         920,611        1,001,655   

Investments in equity securities

      *2         123,490        141,826   

Investments in and advances to affiliated companies

      *7         345,705        370,765   

Other (including ¥1,632 million and ¥54,813 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 5, 10         602,159        865,148   
     

 

 

    

 

 

  

Total other assets

         2,420,206        2,808,245   
     

 

 

    

 

 

  

Total assets

       ¥ 37,942,439      ¥ 43,634,418   
     

 

 

    

 

 

  

Table of Contents
            Millions of yen  
         Notes              March 31,    
2013		         December 31,    
2013		  
LIABILITIES AND EQUITY        

Short-term borrowings (including ¥77,036 million and ¥45,632 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2       ¥ 738,445      ¥ 559,795   

Payables and deposits:

        

Payables to customers

         476,705        542,741   

Payables to other than customers

         864,962        1,356,889   

Deposits received at banks

         1,072,134        1,103,782   
     

 

 

    

 

 

  

Total payables and deposits

         2,413,801        3,003,412   
     

 

 

    

 

 

  

Collateralized financing:

        

Securities sold under agreements to repurchase (including ¥264,767 million and ¥740,289 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         12,444,317        14,495,419   

Securities loaned

         2,158,559        2,636,357   

Other secured borrowings

         806,507        802,690   
     

 

 

    

 

 

  

Total collateralized financing

         15,409,383        17,934,466   
     

 

 

    

 

 

  

Trading liabilities

      *2, 3         8,491,296        10,350,094   

Other liabilities (including ¥2,360 million and ¥1,460 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2, 10         978,163        1,261,330   

Long-term borrowings (including ¥1,664,536 million and ¥1,865,383 million measured at fair value by applying the fair value option as of March 31, 2013 and December 31, 2013, respectively)

      *2         7,592,368        7,996,855   
     

 

 

    

 

 

  

Total liabilities

         35,623,456        41,105,952   
     

 

 

    

 

 

  

Commitments and contingencies

      *16        

Equity:

        

Nomura Holdings, Inc. (“NHI”) shareholders’ equity:

        

Common stock

        

No par value share

        

Authorized—6,000,000,000 shares as of March 31, 2013 and December 31, 2013

        

Issued—3,822,562,601 shares as of March 31, 2013 and December 31, 2013

        

Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,715,246,326 shares as of December 31, 2013

         594,493        594,493   

Additional paid-in capital

         691,264        681,195   

Retained earnings

         1,136,523        1,259,206   

Accumulated other comprehensive income (loss)

      *15         (57,395 )      31,361   
     

 

 

    

 

 

  

Total NHI shareholders’ equity before treasury stock

         2,364,885        2,566,255   

Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 107,316,275 shares as of December 31, 2013

         (70,514 )      (73,761 ) 
     

 

 

    

 

 

  

Total NHI shareholders’ equity

         2,294,371        2,492,494   
     

 

 

    

 

 

  

Noncontrolling interests

         24,612        35,972   

Total equity

         2,318,983        2,528,466   
     

 

 

    

 

 

  

Total liabilities and equity

       ¥ 37,942,439      ¥ 43,634,418   
     

 

 

    

 

 

  

Table of Contents

(2) Consolidated Statements of Income (UNAUDITED)

(Before Correction)

 

            Millions of yen  
                Nine months ended December 31      
         Notes          2012     2013  

Revenue:

        

Commissions

       ¥ 233,327      ¥ 384,681   

Fees from investment banking

         40,541        64,147   

Asset management and portfolio service fees

         102,241        125,157   

Net gain on trading

      *2, 3         261,516        347,134   

Gain on private equity investments

         6,543        11,738   

Interest and dividends

         296,048        316,018   

Gain on investments in equity securities

         14,767        20,394   

Other

      *9         404,817        111,802   
     

 

 

    

 

 

  

Total revenue

         1,359,800        1,381,071   

Interest expense

         199,781        213,938   
     

 

 

    

 

 

  

Net revenue

         1,160,019        1,167,133   
     

 

 

    

 

 

  

Non-interest expenses:

        

Compensation and benefits

         392,967        437,418   

Commissions and floor brokerage

         66,800        83,154   

Information processing and communications

         130,341        142,228   

Occupancy and related depreciation

         68,429        59,613   

Business development expenses

         34,553        28,361   

Other

      *9, 10         398,881        143,312   
     

 

 

    

 

 

  

Total non-interest expenses

         1,091,971        894,086   
     

 

 

    

 

 

  

Income before income taxes

         68,048        273,047   

Income tax expense

      *14         56,520        119,274   
     

 

 

    

 

 

  

Net income

       ¥ 11,528      ¥ 153,773   

Less: Net income (loss) attributable to noncontrolling interests

         (13,284 )      1,437   
     

 

 

    

 

 

  

Net income attributable to NHI shareholders

       ¥ 24,812      ¥ 152,336   
     

 

 

    

 

 

  

Table of Contents

(After Correction)

 

            Millions of yen  
                Nine months ended December 31      
         Notes          2012     2013  

Revenue:

        

Commissions

       ¥ 233,327      ¥ 384,681   

Fees from investment banking

         40,541        64,147   

Asset management and portfolio service fees

         102,241        125,157   

Net gain on trading

      *2, 3         261,516        347,133   

Gain on private equity investments

         6,543        11,738   

Interest and dividends

         296,048        316,018   

Gain on investments in equity securities

         14,767        20,394   

Other

      *9         404,817        111,802   
     

 

 

    

 

 

  

Total revenue

         1,359,800        1,381,070   

Interest expense

         199,781        213,938   
     

 

 

    

 

 

  

Net revenue

         1,160,019        1,167,132   
     

 

 

    

 

 

  

Non-interest expenses:

        

Compensation and benefits

         392,967        437,418   

Commissions and floor brokerage

         66,800        83,154   

Information processing and communications

         130,341        142,228   

Occupancy and related depreciation

         68,429        59,613   

Business development expenses

         34,553        28,361   

Other

      *9, 10         398,881        143,312   
     

 

 

    

 

 

  

Total non-interest expenses

         1,091,971        894,086   
     

 

 

    

 

 

  

Income before income taxes

         68,048        273,046   

Income tax expense

      *14         56,520        119,274   
     

 

 

    

 

 

  

Net income

       ¥ 11,528      ¥ 153,772   

Less: Net income (loss) attributable to noncontrolling interests

         (13,284 )      1,437   
     

 

 

    

 

 

  

Net income attributable to NHI shareholders

       ¥ 24,812      ¥ 152,335   
     

 

 

    

 

 

  

Table of Contents

(3) Consolidated Statements of Comprehensive Income (UNAUDITED)

(Before Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012     2013  

Net income

    ¥ 11,528      ¥ 153,773   

Other comprehensive income (loss):

     

Change in cumulative translation adjustments, net of tax

      21,374        84,608   

Defined benefit pension plans:

     

Pension liability adjustment

      5,612        2,883   

Deferred income taxes

      (1,547 )      (974 ) 
  

 

 

    

 

 

  

Total

      4,065        1,909   

Non-trading securities:

     

Net unrealized gain on non-trading securities

      5,393        6,844   

Deferred income taxes

      (1,239 )      (2,363 ) 
  

 

 

    

 

 

  

Total

      4,154        4,481   
  

 

 

    

 

 

  

Total other comprehensive income

      29,593        90,998   
  

 

 

    

 

 

  

Comprehensive income

    ¥ 41,121      ¥ 244,771   

Less: Comprehensive income (loss) attributable to noncontrolling interests

      (10,909 )      3,679   
  

 

 

    

 

 

  

Comprehensive income attributable to NHI shareholders

    ¥ 52,030      ¥ 241,092   
  

 

 

    

 

 

  

(After Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012     2013  

Net income

    ¥ 11,528      ¥ 153,772   

Other comprehensive income (loss):

     

Change in cumulative translation adjustments, net of tax

      21,374        84,608   

Defined benefit pension plans:

     

Pension liability adjustment

      5,612        2,883   

Deferred income taxes

      (1,547 )      (974 ) 
  

 

 

    

 

 

  

Total

      4,065        1,909   

Non-trading securities:

     

Net unrealized gain on non-trading securities

      5,393        6,844   

Deferred income taxes

      (1,239 )      (2,363 ) 
  

 

 

    

 

 

  

Total

      4,154        4,481   
  

 

 

    

 

 

  

Total other comprehensive income

      29,593        90,998   
  

 

 

    

 

 

  

Comprehensive income

    ¥ 41,121      ¥ 244,770   

Less: Comprehensive income (loss) attributable to noncontrolling interests

      (10,909 )      3,679   
  

 

 

    

 

 

  

Comprehensive income attributable to NHI shareholders

    ¥ 52,030      ¥ 241,091   
  

 

 

    

 

 

  

Table of Contents

(4) Consolidated Statements of Changes in Equity (UNAUDITED)

(Before Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012     2013  

Common stock

     

Balance at beginning of year

    ¥ 594,493      ¥ 594,493   
  

 

 

    

 

 

  

Balance at end of period

      594,493        594,493   
  

 

 

    

 

 

  

Additional paid-in capital

     

Balance at beginning of year

      698,771        691,264   

Gain (loss) on sales of treasury stock

      (1,589 )      (7,433 ) 

Issuance and exercise of common stock options

      (7,560 )      (2,867 ) 

Purchase / sale of subsidiary shares, net

      58        231   
  

 

 

    

 

 

  

Balance at end of period

      689,680        681,195   
  

 

 

    

 

 

  

Retained earnings

     

Balance at beginning of year

      1,058,945        1,136,523   

Net income attributable to NHI shareholders

      24,812        152,336   

Cash dividends(1)

      (7,390 )      (29,652 ) 
  

 

 

    

 

 

  

Balance at end of period

      1,076,367        1,259,207   
  

 

 

    

 

 

  

Accumulated other comprehensive income (loss)

     

Cumulative translation adjustments

     

Balance at beginning of year

      (110,652 )      (38,875 ) 

Net change during the period

      20,128        83,522   
  

 

 

    

 

 

  

Balance at end of period

      (90,524 )      44,647   
  

 

 

    

 

 

  

Defined benefit pension plans

     

Balance at beginning of year

      (35,132 )      (28,518 ) 

Pension liability adjustment

      3,980        1,909   
  

 

 

    

 

 

  

Balance at end of period

      (31,152 )      (26,609 ) 
  

 

 

    

 

 

  

Non-trading securities

     

Balance at beginning of year

      635        9,998   

Net unrealized gain on non-trading securities

      3,110        3,325   
  

 

 

    

 

 

  

Balance at end of period

      3,745        13,323   
  

 

 

    

 

 

  

Balance at end of period

      (117,931 )      31,361   
  

 

 

    

 

 

  

Common stock held in treasury

     

Balance at beginning of year

      (99,819 )      (70,514 ) 

Repurchases of common stock

      (4 )      (32,491 ) 

Sales of common stock

      0        1   

Common stock issued to employees

      25,309        28,579   

Other net change in treasury stock

      (205 )      667   
  

 

 

    

 

 

  

Balance at end of period

      (74,719 )      (73,758 ) 
  

 

 

    

 

 

  

Total NHI shareholders’ equity

     

Balance at end of period

      2,167,890        2,492,498   
  

 

 

    

 

 

  

Noncontrolling interests

     

Balance at beginning of year

      281,896        24,612   

Cash dividends

      (1,471 )      (40 ) 

Net income (loss) attributable to noncontrolling interests

      (13,284 )      1,437   

Accumulated other comprehensive income attributable to noncontrolling interests

      2,375        2,242   

Purchase / sale of subsidiary shares, net

      61        337   

Other net change in noncontrolling interests

      (2,384 )      7,384   
  

 

 

    

 

 

  

Balance at end of period

      267,193        35,972   
  

 

 

    

 

 

  

Total equity

     

Balance at end of period

    ¥ 2,435,083      ¥ 2,528,470   
  

 

 

    

 

 

  

 

(1)    Dividends per share

    Nine months ended December 31, 2012        ¥ 2.00 Three months ended December 31, 2012        ¥  0.00   
  

Nine months ended December 31, 2013    

    ¥ 8.00 Three months ended December 31, 2013        ¥ 0.00   

Table of Contents

(After Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012     2013  

Common stock

     

Balance at beginning of year

    ¥ 594,493      ¥ 594,493   
  

 

 

    

 

 

  

Balance at end of period

      594,493        594,493   
  

 

 

    

 

 

  

Additional paid-in capital

     

Balance at beginning of year

      698,771        691,264   

Gain (loss) on sales of treasury stock

      (1,589 )      (7,433 ) 

Issuance and exercise of common stock options

      (7,560 )      (2,867 ) 

Purchase / sale of subsidiary shares, net

      58        231   
  

 

 

    

 

 

  

Balance at end of period

      689,680        681,195   
  

 

 

    

 

 

  

Retained earnings

     

Balance at beginning of year

      1,058,945        1,136,523   

Net income attributable to NHI shareholders

      24,812        152,335   

Cash dividends(1)

      (7,390 )      (29,652 ) 
  

 

 

    

 

 

  

Balance at end of period

      1,076,367        1,259,206   
  

 

 

    

 

 

  

Accumulated other comprehensive income (loss)

     

Cumulative translation adjustments

     

Balance at beginning of year

      (110,652 )      (38,875 ) 

Net change during the period

      20,128        83,522   
  

 

 

    

 

 

  

Balance at end of period

      (90,524 )      44,647   
  

 

 

    

 

 

  

Defined benefit pension plans

     

Balance at beginning of year

      (35,132 )      (28,518 ) 

Pension liability adjustment

      3,980        1,909   
  

 

 

    

 

 

  

Balance at end of period

      (31,152 )      (26,609 ) 
  

 

 

    

 

 

  

Non-trading securities

     

Balance at beginning of year

      635        9,998   

Net unrealized gain on non-trading securities

      3,110        3,325   
  

 

 

    

 

 

  

Balance at end of period

      3,745        13,323   
  

 

 

    

 

 

  

Balance at end of period

      (117,931 )      31,361   
  

 

 

    

 

 

  

Common stock held in treasury

     

Balance at beginning of year

      (99,819 )      (70,514 ) 

Repurchases of common stock

      (4 )      (32,502 ) 

Sales of common stock

      0        9   

Common stock issued to employees

      25,309        28,579   

Other net change in treasury stock

      (205 )      667   
  

 

 

    

 

 

  

Balance at end of period

      (74,719 )      (73,761 ) 
  

 

 

    

 

 

  

Total NHI shareholders’ equity

     

Balance at end of period

      2,167,890        2,492,494   
  

 

 

    

 

 

  

Noncontrolling interests

     

Balance at beginning of year

      281,896        24,612   

Cash dividends

      (1,471 )      (40 ) 

Net income (loss) attributable to noncontrolling interests

      (13,284 )      1,437   

Accumulated other comprehensive income attributable to noncontrolling interests

      2,375        2,242   

Purchase / sale of subsidiary shares, net

      61        337   

Other net change in noncontrolling interests

      (2,384 )      7,384   
  

 

 

    

 

 

  

Balance at end of period

      267,193        35,972   
  

 

 

    

 

 

  

Total equity

     

Balance at end of period

    ¥ 2,435,083      ¥ 2,528,466   
  

 

 

    

 

 

  

 

(1)    Dividends per share

    Nine months ended December 31, 2012        ¥ 2.00 Three months ended December 31, 2012        ¥  0.00   
  

Nine months ended December 31, 2013    

    ¥ 8.00 Three months ended December 31, 2013        ¥ 0.00   

Table of Contents

(5) Consolidated Statements of Cash Flows (UNAUDITED)

(Before Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012     2013  

Cash flows from operating activities:

     

Net income

    ¥ 11,528      ¥ 153,773   

Adjustments to reconcile net income to net cash provided by operating activities:

     

Depreciation and amortization

      68,145        59,478   

Gain on investments in equity securities

      (14,767 )      (20,394 ) 

Deferred income taxes

      32,690        83,589   

Changes in operating assets and liabilities:

     

Time deposits

      224,727        184,368   

Deposits with stock exchanges and other segregated cash

      (22,337 )      (39,268 ) 

Trading assets and private equity investments

      (2,839,669 )      (1,091,270 ) 

Trading liabilities

      (560,581 )      1,175,555   

Securities purchased under agreements to resell, net of securities sold under agreements to repurchase

      2,285,985        150,203   

Securities borrowed, net of securities loaned

      1,585,939        (361,278 ) 

Other secured borrowings

      22,679        (3,818 ) 

Loans and receivables, net of allowance for doubtful accounts

      100,018        166,621   

Payables

      (443,801 )      454,085   

Bonus accrual

      (8,955 )      (6,782 ) 

Accrued income taxes, net

      (1,977 )      (77,307 ) 

Other, net

      (93,268 )      (272,704 ) 
  

 

 

    

 

 

  

Net cash provided by operating activities

      346,356        554,851   
  

 

 

    

 

 

  

Cash flows from investing activities:

     

Payments for purchases of office buildings, land, equipment and facilities

      (179,789 )      (178,764 ) 

Proceeds from sales of office buildings, land, equipment and facilities

      85,423        145,832   

Payments for purchases of investments in equity securities

      (219 )      (161 ) 

Proceeds from sales of investments in equity securities

      1,401        3,795   

Decrease (increase) in loans receivable at banks, net

      36,916        (7,996 ) 

Increase in non-trading debt securities, net

      (70,949 )      (96,619 ) 

Other, net

      2,138        3,740   
  

 

 

    

 

 

  

Net cash used in investing activities

      (125,079 )      (130,173 ) 
  

 

 

    

 

 

  

Cash flows from financing activities:

     

Increase in long-term borrowings

      1,272,364        1,536,025   

Decrease in long-term borrowings

      (1,535,886 )      (1,242,308 ) 

Decrease in short-term borrowings, net

      (253,824 )      (189,078 ) 

Increase (decrease) in deposits received at banks, net

      41,616        (41,735 ) 

Proceeds from sales of common stock held in treasury

      41        578   

Payments for repurchases of common stock held in treasury

      (4 )      (32,491 ) 

Payments for cash dividends

      (14,730 )      (51,947 ) 
  

 

 

    

 

 

  

Net cash used in financing activities

      (490,423 )      (20,956 ) 
  

 

 

    

 

 

  

Effect of exchange rate changes on cash and cash equivalents

      18,671        48,703   
  

 

 

    

 

 

  

Net increase (decrease) in cash and cash equivalents

      (250,475 )      452,425   

Cash and cash equivalents at beginning of year

      1,070,520        805,087   
  

 

 

    

 

 

  

Cash and cash equivalents at end of period

    ¥ 820,045      ¥ 1,257,512   
  

 

 

    

 

 

  

Table of Contents

(After Correction)

 

     Millions of yen  
         Nine months ended December 31      
     2012     2013  

Cash flows from operating activities:

     

Net income

    ¥ 11,528      ¥ 153,772   

Adjustments to reconcile net income to net cash provided by operating activities:

     

Depreciation and amortization

      68,145        59,478   

Gain on investments in equity securities

      (14,767 )      (20,394 ) 

Deferred income taxes

      32,690        83,589   

Changes in operating assets and liabilities:

     

Time deposits

      224,727        184,368   

Deposits with stock exchanges and other segregated cash

      (22,337 )      (39,268 ) 

Trading assets and private equity investments

      (2,839,669 )      (1,091,266 ) 

Trading liabilities

      (560,581 )      1,175,555   

Securities purchased under agreements to resell, net of securities sold under agreements to repurchase

      2,285,985        150,203   

Securities borrowed, net of securities loaned

      1,585,939        (361,278 ) 

Other secured borrowings

      22,679        (3,818 ) 

Loans and receivables, net of allowance for doubtful accounts

      100,018        166,621   

Payables

      (443,801 )      454,085   

Bonus accrual

      (8,955 )      (6,782 ) 

Accrued income taxes, net

      (1,977 )      (77,307 ) 

Other, net

      (93,268 )      (272,704 ) 
  

 

 

    

 

 

  

Net cash provided by operating activities

      346,356        554,854   
  

 

 

    

 

 

  

Cash flows from investing activities:

     

Payments for purchases of office buildings, land, equipment and facilities

      (179,789 )      (178,764 ) 

Proceeds from sales of office buildings, land, equipment and facilities

      85,423        145,832   

Payments for purchases of investments in equity securities

      (219 )      (161 ) 

Proceeds from sales of investments in equity securities

      1,401        3,795   

Decrease (increase) in loans receivable at banks, net

      36,916        (7,996 ) 

Increase in non-trading debt securities, net

      (70,949 )      (96,619 ) 

Other, net

      2,138        3,740   
  

 

 

    

 

 

  

Net cash used in investing activities

      (125,079 )      (130,173 ) 
  

 

 

    

 

 

  

Cash flows from financing activities:

     

Increase in long-term borrowings

      1,272,364        1,536,025   

Decrease in long-term borrowings

      (1,535,886 )      (1,242,308 ) 

Decrease in short-term borrowings, net

      (253,824 )      (189,078 ) 

Increase (decrease) in deposits received at banks, net

      41,616        (41,735 ) 

Proceeds from sales of common stock held in treasury

      41        586   

Payments for repurchases of common stock held in treasury

      (4 )      (32,502 ) 

Payments for cash dividends

      (14,730 )      (51,947 ) 
  

 

 

    

 

 

  

Net cash used in financing activities

      (490,423 )      (20,959 ) 
  

 

 

    

 

 

  

Effect of exchange rate changes on cash and cash equivalents

      18,671        48,703   
  

 

 

    

 

 

  

Net increase (decrease) in cash and cash equivalents

      (250,475 )      452,425   

Cash and cash equivalents at beginning of year

      1,070,520        805,087   
  

 

 

    

 

 

  

Cash and cash equivalents at end of period

    ¥ 820,045      ¥ 1,257,512   
  

 

 

    

 

 

  

Table of Contents

Notes to the Consolidated Financial Statements (UNAUDITED)

11. Earnings per share:

(Before Correction)

A reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) is as follows:

 

     Millions of yen
except per share data
presented in yen		  
             Nine months ended December 31          
     2012      2013  

Basic—

      

Net income attributable to NHI shareholders

    ¥ 24,812       ¥ 152,336   

Weighted average number of shares outstanding

      3,687,924,842         3,707,762,930   

Net income attributable to NHI shareholders per share

    ¥ 6.73       ¥ 41.09   
  

 

 

     

 

 

  

Diluted—

      

Net income attributable to NHI shareholders

    ¥ 24,808       ¥ 152,291   

Weighted average number of shares outstanding

      3,758,558,474         3,823,212,194   

Net income attributable to NHI shareholders per share

    ¥ 6.60       ¥ 39.83   
  

 

 

     

 

 

  
     Millions of yen
except per share data
presented in yen		  
             Three months ended December 31          
     2012      2013  

Basic—

      

Net income attributable to NHI shareholders

    ¥ 20,112       ¥ 48,329   

Weighted average number of shares outstanding

      3,699,163,813         3,711,050,042   

Net income attributable to NHI shareholders per share

    ¥ 5.44       ¥ 13.02   
  

 

 

     

 

 

  

Diluted—

      

Net income attributable to NHI shareholders

    ¥ 20,148       ¥ 48,305   

Weighted average number of shares outstanding

      3,780,971,820         3,818,581,012   

Net income attributable to NHI shareholders per share

    ¥ 5.33       ¥ 12.65   
  

 

 

     

 

 

  

Table of Contents

(After Correction)

A reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) is as follows:

 

     Millions of yen
except per share data
presented in yen		  
             Nine months ended December 31          
     2012      2013  

Basic—

      

Net income attributable to NHI shareholders

    ¥ 24,812       ¥ 152,335   

Weighted average number of shares outstanding

      3,687,924,842         3,707,756,280   

Net income attributable to NHI shareholders per share

    ¥ 6.73       ¥ 41.09   
  

 

 

     

 

 

  

Diluted—

      

Net income attributable to NHI shareholders

    ¥ 24,808       ¥ 152,290   

Weighted average number of shares outstanding

      3,758,558,474         3,823,205,544   

Net income attributable to NHI shareholders per share

    ¥ 6.60       ¥ 39.83   
  

 

 

     

 

 

  
     Millions of yen
except per share data
presented in yen		  
             Three months ended December 31          
     2012      2013  

Basic—

      

Net income attributable to NHI shareholders

    ¥ 20,112       ¥ 48,329   

Weighted average number of shares outstanding

      3,699,163,813         3,711,045,342   

Net income attributable to NHI shareholders per share

    ¥ 5.44       ¥ 13.02   
  

 

 

     

 

 

  

Diluted—

      

Net income attributable to NHI shareholders

    ¥ 20,148       ¥ 48,305   

Weighted average number of shares outstanding

      3,780,971,820         3,818,576,312   

Net income attributable to NHI shareholders per share

    ¥ 5.33       ¥ 12.65   
  

 

 

     

 

 

  

Table of Contents

17. Segment and geographic information:

Operating segments—

(Omitted)

(Before Correction)

 

     Millions of yen  
             Retail              Asset
    Management    		          Wholesale          Other
    (Incl. elimination)    		     Total  

Nine months ended December 31, 2012

              

Non-interest revenue

    ¥ 256,934       ¥ 48,330       ¥ 334,679       ¥ 408,877      ¥ 1,048,820   

Net interest revenue

      2,242         2,313         113,266         (21,554 )      96,267   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net revenue

      259,176         50,643         447,945         387,323        1,145,087   

Non-interest expenses

      215,766         33,395         411,946         430,864        1,091,971   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes

    ¥ 43,410       ¥ 17,248       ¥ 35,999       ¥ (43,541 )    ¥ 53,116   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Nine months ended December 31, 2013

              

Non-interest revenue

    ¥ 409,649       ¥ 57,079       ¥ 471,362       ¥ 108,563      ¥ 1,046,653   

Net interest revenue

      4,398         2,936         95,262         (516 )      102,080   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net revenue

      414,047         60,015         566,624         108,047        1,148,733   

Non-interest expenses

      245,313         38,226         488,301         122,246        894,086   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes

    ¥ 168,734       ¥ 21,789       ¥ 78,323       ¥ (14,199 )    ¥ 254,647   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

(After Correction)

 

     Millions of yen  
             Retail              Asset
    Management    		          Wholesale          Other
    (Incl. elimination)    		     Total  

Nine months ended December 31, 2012

              

Non-interest revenue

    ¥ 256,934       ¥ 48,330       ¥ 334,679       ¥ 408,877      ¥ 1,048,820   

Net interest revenue

      2,242         2,313         113,266         (21,554 )      96,267   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net revenue

      259,176         50,643         447,945         387,323        1,145,087   

Non-interest expenses

      215,766         33,395         411,946         430,864        1,091,971   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes

    ¥ 43,410       ¥ 17,248       ¥ 35,999       ¥ (43,541 )    ¥ 53,116   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Nine months ended December 31, 2013

              

Non-interest revenue

    ¥ 409,649       ¥ 57,079       ¥ 471,361       ¥ 108,563      ¥ 1,046,652   

Net interest revenue

      4,398         2,936         95,262         (516 )      102,080   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net revenue

      414,047         60,015         566,623         108,047        1,148,732   

Non-interest expenses

      245,313         38,226         488,301         122,246        894,086   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes

    ¥ 168,734       ¥ 21,789       ¥ 78,322       ¥ (14,199 )    ¥ 254,646   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Table of Contents

(Omitted)

The tables below present reconciliations of the combined business segments’ results included in the preceding table to Nomura’s reported Net revenue, Non-interest expenses and Income before income taxes in the consolidated statements of income.

(Before Correction)

 

     Millions of yen  
           Nine months ended December 31        
     2012      2013  

Net revenue

    ¥ 1,145,087       ¥ 1,148,733   

Unrealized gain on investments in equity securities held for operating purposes

      14,932         18,400   
  

 

 

     

 

 

  

Consolidated net revenue

    ¥ 1,160,019       ¥ 1,167,133   
  

 

 

     

 

 

  

Non-interest expenses

    ¥ 1,091,971       ¥ 894,086   

Unrealized gain on investments in equity securities held for operating purposes

      —          —    
  

 

 

     

 

 

  

Consolidated non-interest expenses

    ¥ 1,091,971       ¥ 894,086   
  

 

 

     

 

 

  

Income before income taxes

    ¥ 53,116       ¥ 254,647   

Unrealized gain on investments in equity securities held for operating purposes

      14,932         18,400   
  

 

 

     

 

 

  

Consolidated income before income taxes

    ¥ 68,048       ¥ 273,047   
  

 

 

     

 

 

  

(After Correction)

 

     Millions of yen  
           Nine months ended December 31        
     2012      2013  

Net revenue

    ¥ 1,145,087       ¥ 1,148,732   

Unrealized gain on investments in equity securities held for operating purposes

      14,932         18,400   
  

 

 

     

 

 

  

Consolidated net revenue

    ¥ 1,160,019       ¥ 1,167,132   
  

 

 

     

 

 

  

Non-interest expenses

    ¥ 1,091,971       ¥ 894,086   

Unrealized gain on investments in equity securities held for operating purposes

      —          —    
  

 

 

     

 

 

  

Consolidated non-interest expenses

    ¥ 1,091,971       ¥ 894,086   
  

 

 

     

 

 

  

Income before income taxes

    ¥ 53,116       ¥ 254,646   

Unrealized gain on investments in equity securities held for operating purposes

      14,932         18,400   
  

 

 

     

 

 

  

Consolidated income before income taxes

    ¥ 68,048       ¥ 273,046   
  

 

 

     

 

 

  

Table of Contents

Geographic information—

(Omitted)

(Before Correction)

 

     Millions of yen  
           Nine months ended December 31        
     2012     2013  

Net revenue(1):

     

Americas

    ¥ 148,032      ¥ 173,834   

Europe

      140,551        180,211   

Asia and Oceania

      27,860        46,346   
  

 

 

    

 

 

  

Subtotal

      316,443        400,391   

Japan

      843,576        766,742   
  

 

 

    

 

 

  

Consolidated

    ¥ 1,160,019      ¥ 1,167,133   
  

 

 

    

 

 

  

Income (loss) before income taxes:

     

Americas

    ¥ 23,447      ¥ (1,775 ) 

Europe

      (56,643 )      (38,832 ) 

Asia and Oceania

      (4,209 )      (20 ) 
  

 

 

    

 

 

  

Subtotal

      (37,405 )      (40,627 ) 

Japan

      105,453        313,674   
  

 

 

    

 

 

  

Consolidated

    ¥ 68,048      ¥ 273,047   
  

 

 

    

 

 

  

 

(1) There is no revenue derived from transactions with a single major external customer.

(After Correction)

 

     Millions of yen  
           Nine months ended December 31        
     2012     2013  

Net revenue(1):

     

Americas

    ¥ 148,032      ¥ 173,834   

Europe

      140,551        180,210   

Asia and Oceania

      27,860        46,346   
  

 

 

    

 

 

  

Subtotal

      316,443        400,390   

Japan

      843,576        766,742   
  

 

 

    

 

 

  

Consolidated

    ¥ 1,160,019      ¥ 1,167,132   
  

 

 

    

 

 

  

Income (loss) before income taxes:

     

Americas

    ¥ 23,447      ¥ (1,775 ) 

Europe

      (56,643 )      (38,833 ) 

Asia and Oceania

      (4,209 )      (20 ) 
  

 

 

    

 

 

  

Subtotal

      (37,405 )      (40,628 ) 

Japan

      105,453        313,674   
  

 

 

    

 

 

  

Consolidated

    ¥ 68,048      ¥ 273,046   
  

 

 

    

 

 

  

 

(1) There is no revenue derived from transactions with a single major external customer.

Table of Contents

Exhibit 2

Ratio of Earnings to Fixed Charges and Computation Thereof

The following table sets forth the ratio of earnings to fixed charges of Nomura Holdings, Inc. for the nine months ended December 31, 2013, in accordance with U.S. GAAP.

(Before Correction)

 

     Millions of yen  
         For the nine months ended    
December 31, 2013		  

Earnings:

   

Pre-tax income from continuing operations before adjustment for income or loss from equity investees

    ¥ 245,493   

Add: Fixed charges

      213,938   

Distributed income of equity investees

      7,591   
  

 

 

  

Earnings as defined

    ¥ 467,022   
  

 

 

  

Fixed charges

    ¥ 213,938   

Ratio of earnings to fixed charges(1)

      2.2   

 

(1) For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of pre-tax income before adjustment for income or loss from equity investees, plus (i) fixed charges and (ii) distributed income of equity investees. Fixed charges consist of interest expense. Fixed charges exclude premium and discount amortization as well as interest expense, which are included in Net gain (loss) on trading. Fixed charges also exclude interest within rent expense, which is insignificant.

(After Correction)

 

     Millions of yen  
         For the nine months ended    
December 31, 2013		  

Earnings:

   

Pre-tax income from continuing operations before adjustment for income or loss from equity investees

    ¥ 245,492   

Add: Fixed charges

      213,938   

Distributed income of equity investees

      7,591   
  

 

 

  

Earnings as defined

    ¥ 467,021   
  

 

 

  

Fixed charges

    ¥ 213,938   

Ratio of earnings to fixed charges(1)

      2.2   

 

(1) For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of pre-tax income before adjustment for income or loss from equity investees, plus (i) fixed charges and (ii) distributed income of equity investees. Fixed charges consist of interest expense. Fixed charges exclude premium and discount amortization as well as interest expense, which are included in Net gain (loss) on trading. Fixed charges also exclude interest within rent expense, which is insignificant.