FORM 6-K
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 August 2024

NOMURA HOLDINGS, INC.
(Translation of registrant’s name into English)

13-1, Nihonbashi 1-chome
Chuo-ku, Tokyo 103-8645
Japan(Address of principal executive offices)

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

X

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Information furnished on this form:

EXHIBIT
Exhibit Number

1.

Financial Summary – Three months ended June 30, 2024.

The registrant hereby incorporates Exhibit 1 (except the English translation of Independent Auditor’s Interim Review Report) to this report on
Form 6-K by reference (i) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-261756) of the registrant, filedwith the SEC on December 20, 2021 and (ii) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-273353) of
the registrant and of Nomura America Finance, LLC, filed with the SEC on July 20, 2023.

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 theundersigned, thereunto duly authorized.
NOMURA HOLDINGS, INC.
Date: August 8, 2024

By:/s/ Yoshifumi Kishida
Yoshifumi Kishida
Senior Managing Director

August 8, 2024
Company name: Nomura Holdings, Inc.
Representative: Kentaro Okuda
President and Group CEO
Stock exchange listings: Tokyo stock exchange, Nagoya stock exchange(Code number: 8604)
For Inquiries: Junko TagoManaging Director, Head of Investor Relations
Tel: (Country Code 81) 3-5255-1000
Financial Summary–Three months ended June 30, 2024
(Completion of the interim review by certified public accountants or an audit firm)
We are pleased to announce that the interim review of the quarterly consolidated financial statements for the three months ended June 2024, conductedby certified public accountants or an audit firm under US GAAP, which were disclosed on July 30, 2024, has been completed. Furthermore, there havebeen no changes to the quarterly consolidated financial statements announced on July 30, 2024.

Financial Summary For the Three Months Ended June 30, 2024 (U.S. GAAP)
Date:

August 8, 2024

Company name (code number):
Stock exchange listings:

Nomura Holdings, Inc. (8604)

Representative:
For inquiries:(In Japan) Tokyo, Nagoya(Overseas) New York, Singapore
Kentaro Okuda
President and Group CEO, Nomura Holdings, Inc.
Junko TagoManaging Director, Head of Investor Relations, Nomura Holdings, Inc.
Tel: (Country Code 81) 3-5255-1000
URL: https://www.nomura.com

1. Consolidated Operating Results(1) Operating Results(Rounded to nearest million)(Millions of yen, except per share data)
For the three months ended June 30
2023
2024
% Change from
% Change from
June 30, 2022
June 30, 2023

Total revenue
Net revenue
Income before income taxes
Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders
Comprehensive income
Basic-Net income attributable to NHI shareholders per share (Yen)
Diluted-Net income attributable to NHI shareholders per share (Yen)
Return on shareholders’ equity - annualized

893,353
348,91346,31023,331
126,258
7.71
7.40
2.9%

117.9%
16.7%
294.7%—%(25.5%)

1,217,885
454,442
102,931
68,938189,295
23.33
22.36
8.1%

36.3%
30.2%
122.3%
195.5%
49.9%

Note: Return on shareholders’ equity is a ratio of Net income attributable to NHI shareholders to Total NHI shareholders’ equity.
(2) Financial Position(Millions of yen, except per share data)
At March 31
At June 30
2024
2024

Total assets
Total equity
Total NHI shareholders’ equity
Total NHI shareholders’ equity as a percentage of total assets
Total NHI shareholders’ equity per share (Yen)

55,147,203
3,448,513
3,350,189
6.1%
1,127.72

59,741,126
3,563,197
3,462,951
5.8%
1,172.07

2. Cash Dividends(Yen amounts)
2024

Dividends per share
Dividends record dates
At June 30
At September 30
At December 31
At March 31
For the year

For the year ended March 31
2025

—
8.00
—
15.00
23.00

—
—
—
—
—

2025 (Plan)—
Unconfirmed—
Unconfirmed
Unconfirmed

Note: Fiscal year 2025 Q2 and Q4 dividends are not presented per reasons stated in “3. Earnings forecasts for the year ending March 31, 2025”.
3. Earnings Forecasts for the year ending March 31, 2025
Nomura provides investment, financing and related services in the capital markets on a global basis. In the global capital markets there exist
uncertainties due to, but not limited to, economic and market conditions. Nomura, therefore, does not present earnings forecasts.
Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Adoption of the simplified and particular accounting treatments: None
(3) Changes in accounting policiesa)b)Changes in accounting policies due to amendments to the accounting standards : Yes
Changes in accounting policies due to other than a) : Yes

Note) Please refer to P.10 “2. Quarterly Consolidated Financial Statements (4) Changes in Accounting Policies” for further details.
(4) Number of shares issued (common stock)

Number of shares outstanding (including treasury stock)
Number of treasury stock

At March 31
2024

At June 30
2024

3,163,562,601
192,807,441

3,163,562,601
209,008,426

For the three months ended June 30
2023
2024

Average number of shares outstanding (year-to-date)

3,025,892,670

2,954,604,002*Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:
Yes (voluntary)

Table of Contents for the Accompanying Materials
1.

2.

3.

Qualitative Information of the Quarterly Consolidated Results

P. 2

(1)
(2)
(3)

P. 2
P. 4
P. 4

Consolidated Operating Results
Consolidated Financial Position
Consolidated Earnings Forecasts

Quarterly Consolidated Financial Statements

P. 5(1) Consolidated Balance Sheets(2) Consolidated Statements of Income(3) Consolidated Statements of Comprehensive Income(4) Changes in Accounting Policies(5) Segment Information – Operating Segment(6) Significant Changes in Equity(7) Note with respect to the Assumption as a Going Concern(8) Note with respect to Consolidated Statements of Cash Flows

P. 6
P. 8
P. 9
P. 10
P. 11
P. 12
P. 13
P. 13

Supplementary Information

P. 14(1) Consolidated Statements of Income – Quarterly Comparatives(2) Business Segment Information – Quarterly Comparatives(3) Other

P. 14
P. 15
P. 16

Independent Auditor’s Interim Review Report

P. 17
–1–

1.

Qualitative Information of the Quarterly Consolidated Results(1)

Consolidated Operating Results

U.S. GAAP
Billions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)% Change(B-A)/(A)Net revenue
Non-interest expenses
Income (loss) before income taxes
Income tax expense
Net income (loss)

348.9
302.6
46.3
20.4
25.9

454.4
351.5
102.9
31.5
71.4

30.2
16.2
122.3
54.2
176.0

Less: Net income (loss) attributable to noncontrolling interests
Net income (loss) attributable to NHI shareholders

2.6
23.3

2.5
68.9

(2.2)
195.5

Return on shareholders’ equity - annualized

2.9%

8.1%

—

Note: Return on shareholders’ equity is a ratio of Net income (loss) attributable to NHI shareholders to Total NHI shareholders’ equity.
Nomura Holdings, Inc. and its consolidated entities (collectively, “Nomura”) reported net revenue of 454.4 billion yen for the three months ended
June 30, 2024, an increase of 30.2% from the same period in the prior year. Non-interest expenses increased by 16.2% from the same period in theprior year to 351.5 billion yen. Income before income taxes was 102.9 billion yen and net income attributable to NHI shareholders was 68.9 billion
yen for the three months ended June 30, 2024.
Segment Information
Billions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income (loss) before income taxes

353.2
302.6
50.6

453.2
351.5
101.7

% Change(B-A)/(A)

28.3
16.2
101.1

In the above segment information totals, which exclude a part of unrealized gain (loss) on investments in equity securities held for operating
purposes, net revenue for the three months ended June 30, 2024 was 453.2 billion yen, an increase of 28.3% from the same period in the prior year.
Non-interest expenses increased by 16.2% from the same period in the prior year to 351.5 billion yen. Income before income taxes increased by
101.1% to 101.7 billion yen for the three months ended June 30, 2024. Please refer to page 11 for further details of the differences between U.S.
GAAP and business segment amounts.
–2–

<Business Segment Results>
The Retail Division has been renamed the “Wealth Management Division”, effective April 1, 2024.
Operating Results of Wealth Management
Billions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income (loss) before income taxes

92.1
69.1
22.9

% Change(B-A)/(A)

114.0
71.7
42.3

23.8
3.8
84.2

Net revenue increased by 23.8% from the same period in the prior year to 114.0 billion yen. Non-interest expense increased by 3.8% to71.7 billion yen. As a result, income before income taxes increased by 84.2% to 42.3 billion yen.
Operating Results of Investment Management
Billions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income (loss) before income taxes

26.5
22.9
3.6

% Change(B-A)/(A)

47.7
24.5
23.2

79.7
7.0
539.1

Net revenue increased by 79.7% from the same period in the prior year to 47.7 billion yen. Non-interest expense increased by 7.0% to 24.5 billion
yen. As a result, income before income taxes increased by 539.1% to 23.2 billion yen. Assets under management were 92.5 trillion yen as of June 30,
2024.
Operating Results of Wholesale
Billions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income (loss) before income taxes

190.9
188.7
2.1

% Change(B-A)/(A)

244.8
223.7
21.1

Net revenue increased by 28.3% from the same period in the prior year to 244.8 billion yen. Non-interest expense increased by 18.5% to223.7 billion yen. As a result, income before income taxes increased by 905.3% to 21.1 billion yen.
–3–

28.3
18.5
905.3

Other Operating Results
Billions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income (loss) before income taxes

43.8
21.9
21.9

46.7
31.6
15.1

% Change(B-A)/(A)6.8
44.6(30.9)Net revenue was 46.7 billion yen. Income before income taxes was 15.1 billion yen.
(2) Consolidated Financial Position
Total assets as of June 30, 2024 were 59,741.1 billion yen, an increase of 4,593.9 billion yen compared to March 31, 2024, mainly due to theincrease in Trading assets and Securities purchased under agreements to resell. Total liabilities as of June 30, 2024 were 56,177.9 billion yen, an
increase of 4,479.2 billion yen compared to March 31, 2024, mainly due to the increase in Securities sold under agreements to repurchase andTrading liabilities. Total equity as of June 30, 2024 was 3,563.2 billion yen, an increase of 114.7 billion yen compared to March 31, 2024.
(3) Consolidated Earnings Forecasts
Nomura provides investment, financing and related services in the capital markets on a global basis. In the global capital markets there exist
uncertainties due to, but not limited to, economic and market conditions. Nomura, therefore, does not present earnings and dividend forecasts.
–4–

2.

Quarterly Consolidated Financial Statements
Nomura’s quarterly consolidated financial statements, which comprise the consolidated balance sheet, consolidated statement of income,consolidated statement of comprehensive income and notes, have been prepared in accordance with Article 5, Paragraph 4 of the Tokyo Stock
Exchange Inc.’s Standards for the Preparation of Quarterly Financial Statements (the Standards) and accounting principles generally accepted in the
United States, applying the provisions for reduced disclosures as set forth in Article 5, Paragraph 5 of the Standards.
The quarterly consolidated financial statements herein have been prepared in accordance with Nomura’s accounting policies which are disclosed
in the notes to the consolidated financial statements of Nomura Holdings, Inc.’s Annual Securities Report (the annual report filed in Japan onJune 26, 2024) and Form 20-F (the annual report filed with the U.S. Securities and Exchange Commission on June 26, 2024) for the year ended
March 31, 2024, with the exception of matters described in (4) Changes in Accounting Policies.
–5–(1) Consolidated Balance Sheets
March 31,2024

ASSETSCash and cash deposits:
Cash and cash equivalents
Time deposits
Deposits with stock exchanges and other segregated cash
Total cash and cash deposits
Loans and receivables:
Loans receivable
Receivables from customers
Receivables from other than customers
Allowance for credit losses
Total loans and receivables
Collateralized agreements:
Securities purchased under agreements to resell
Securities borrowed
Total collateralized agreements
Trading assets and private equity and debt investments:
Trading assets*
Private equity and debt investments*
Total trading assets and private equity and debt investments
Other assets:
Office buildings, land, equipment and facilities(net of accumulated depreciation and amortization of¥ 529,605 million as of March 31, 2024 and¥ 560,343 million as of June 30, 2024)
Non-trading debt securities*
Investments in equity securities*
Investments in and advances to affiliated companies*
Other
Total other assets
Total assets*

Including securities pledged as collateral–6–

Millions of yen
June 30,
2024

Increase/(Decrease)

4,239,359
545,842369,770
5,154,971

3,855,800
581,478
368,993
4,806,271(383,559)
35,636(777)(348,700)

5,469,195
453,937
928,632(18,047)
6,833,717

5,923,302
353,777
1,085,213(18,851)
7,343,441

454,107(100,160)
156,581(804)
509,724

15,621,132
5,373,663
20,994,795

16,785,266
4,914,359
21,699,625

1,164,134(459,304)
704,830

19,539,742
117,066
19,656,808

22,949,394
130,171
23,079,565

3,409,652
13,1053,422,757

448,785
335,401
105,088
462,017
1,155,621
2,506,912
55,147,203

451,329
351,577
104,746478,341
1,426,231
2,812,224
59,741,126

2,544
16,176(342)
16,324
270,610305,312
4,593,923

Millions of yen
June 30,
2024

Increase/(Decrease)

1,054,717

1,186,187

131,470

1,310,825
2,823,100
2,356,202
6,490,127

1,425,684
2,832,292
2,587,324
6,845,300

114,859
9,192
231,122355,173

16,870,303
2,133,066
393,206
19,396,575
10,890,610
1,414,546
12,452,115
51,698,690

18,650,772
1,757,574
353,200
20,761,546
12,558,102
1,594,532
13,232,262
56,177,929

1,780,469(375,492)(40,006)
1,364,971
1,667,492
179,986
780,1474,479,239

594,493
708,785
1,705,725
459,984
3,468,987

594,493
672,591
1,764,334
576,358
3,607,776—(36,194)
58,609116,374
138,789(118,798)
3,350,189
98,324
3,448,513
55,147,203(144,825)
3,462,951
100,246
3,563,197
59,741,126(26,027)
112,762
1,922
114,684
4,593,923

March 31,2024

LIABILITIES AND EQUITY
Short-term borrowings
Payables and deposits:
Payables to customers
Payables to other than customers
Deposits received at banks
Total payables and deposits
Collateralized financing:
Securities sold under agreements to repurchase
Securities loaned
Other secured borrowings
Total collateralized financing
Trading liabilities
Other liabilities
Long-term borrowings
Total liabilities
EquityNHI shareholders’ equity:
Common stock
Authorized - 6,000,000,000 shares
Issued - 3,163,562,601 shares as of March 31, 2024 and
3,163,562,601 shares as of June 30, 2024
Outstanding - 2,970,755,160 shares as of March 31, 2024 and
2,954,554,175 shares as of June 30, 2024
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Total NHI shareholders’ equity before treasury stock
Common stock held in treasury, at cost 192,807,441 shares as of March 31, 2024 and
209,008,426 shares as of June 30, 2024
Total NHI shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity–7–(2) Consolidated Statements of Income
Millions of yen
For the three months ended
June 30,
June 30,2023(A)
2024(B)

Revenue:Commissions
Fees from investment banking
Asset management and portfolio service fees
Net gain on trading
Gain on private equity and debt investments
Interest and dividends
Gain on investments in equity securities
Other
Total revenue
Interest expense
Net revenue
Non-interest expenses:
Compensation and benefits
Commissions and floor brokerage
Information processing and communications
Occupancy and related depreciation
Business development expenses
Other
Total non-interest expenses
Income before income taxes
Income tax expense
Net income
Less: Net income attributable to noncontrolling interests
Net income attributable to NHI shareholders% Change(B-A)/(A)82,77031,14671,807
115,5636,887
549,651
4,777
30,752
893,353
544,440
348,913102,750
41,251
90,333
131,994
3,153
788,550
1,442
58,412
1,217,885
763,443454,442

24.1
32.4
25.8
14.2
(54.2)
43.5(69.8)
89.9
36.3
40.2
30.2

158,673
31,36552,836
16,601
6,144
36,984
302,60346,31020,42825,882
2,551
23,331

184,510
43,62955,76917,635
6,572
43,396
351,511
102,931
31,49871,433
2,495
68,938

16.3
39.1
5.6
6.2
7.0
17.3
16.2
122.3
54.2
176.0
(2.2)
195.5

Per share of common stock:Yen% Change

BasicNet income attributable to NHI shareholders per share

7.71

23.33

202.6

DilutedNet income attributable to NHI shareholders per share

7.40

22.36

202.2

–8–

(3) Consolidated Statements of Comprehensive Income
Millions of yen
For the three months ended
June 30,
June 30,2023(A)
2024(B)Net income
Other comprehensive income (loss):
Cumulative translation adjustments:
Cumulative translation adjustments
Deferred income taxes
Total
Defined benefit pension plans:
Pension liability adjustment
Deferred income taxes
Total
Non-trading debt securities:
Net unrealized gain (loss) on non-trading debt securities
Deferred income taxes
Total
Own Credit Adjustments:
Own Credit Adjustments
Deferred income taxes
Total
Total other comprehensive income
Comprehensive income
Less: Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to NHI shareholders(B-A)/(A)25,882

71,433176.0

128,926(345)
128,581

113,443(1,608)111,835(12.0)—(13.0)

532
(125)
407

(1,797)578(1,219)

—
—
—

—
—
—

(103)
32
(71)

—
—
—

9,856
(2,539)7,317
117,862
189,295
3,983
185,312

—
—
—
17.4
49.9
21.5
50.7

(37,693)
9,081(28,612)100,376
126,258
3,279
122,979–9–% Change(4) Changes in Accounting Policies
Fair value measurement of equity securities subject to contractual sale restrictions
The Financial Accounting Standards Board issued Accounting Standards Updates (“ASU”) 2022-03 “Fair Value Measurement: Fair Value
Measurement of Equity Securities Subject to Contractual Sale Restrictions” in June 2022 which clarifies that a contractual restriction on the sale ofan equity security is an entity-specific characteristic and therefore should not be considered in the fair value measurement of the equity security. The
ASU also requires specific disclosures for equity securities subject to contractual sale restrictions. Nomura has applied this new accounting policy
prospectively from April 1, 2024.
Voluntary change in accounting policy
Effective from April 1, 2024, Nomura has changed its accounting policy in respect of how accounting guidance provided by Financial AccountingStandards Board Accounting Standards Codification 940 “Financial Services — Brokers and Dealers” (“ASC 940”) is applied to the Company and its
consolidated subsidiaries. For the year ended March 31, 2024 and prior, ASC 940 was applied on a consolidated basis to all entities included within
the consolidated financial statements of Nomura. Effective from April 1, 2024, the Company and consolidated subsidiaries that are not registered as a
broker-dealer (“non-BD entities”) no longer apply ASC 940.
This accounting policy change is primarily due to a planned expansion of Nomura’s banking and investment management business and istherefore intended to allow certain non-BD entities to prospectively classify purchases of new non-trading debt securities as either held to maturity(“HTM”) or available for sale (“AFS”) as defined in ASC 320 “Investments - Debt Securities”. Non-trading debt securities classified as HTM are
securities that a non-BD entity has both the ability and the intent to hold until maturity and are carried at amortized cost, while non-trading debt
securities classified as AFS are carried at fair value with changes in fair value reported in the consolidated statements of comprehensive income, netof applicable income taxes within Other comprehensive income (loss) and in the consolidated balance sheets, net of applicable income taxes within
Accumulated other comprehensive income (loss), a component of NHI shareholders’ equity.
As retrospective application of this accounting policy change is impracticable since it would require use of hindsight regarding historicalaccounting matters such as the initial classification of non-trading debt securities, Nomura has applied this new accounting policy prospectively from
April 1, 2024.
As part of this accounting policy change, existing loans for trading purposes and non-trading debt securities held by non-BD entities elect the fairvalue option on April 1, 2024 and therefore continue to be measured at fair value through earnings. A similar election is made for subsequentoriginations or purchases of loans held for trading purposes. Such loans continue to be reported in Trading assets in the consolidated balance sheetwith changes in fair value reported in the consolidated statements of income within Revenue - Net gain on trading.
Following the accounting policy change, fair value changes of non-trading debt securities newly acquired on or after April 1, 2024 and classified
as HTM or AFS by non-BD entities are not recognized through earnings, unless an impairment loss is recognized.
– 10 –

(5) Segment Information – Operating Segment
The following table shows business segment information and reconciliation items to the consolidated statements of income.
Millions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)% Change(B-A)/(A)Net revenue
Business segment information:
Wealth Management
Investment Management
Wholesale
Subtotal
Other
Net revenue
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes
Net revenue

92,05026,525
190,850
309,425
43,755353,180

113,963
47,670244,846
406,479
46,724453,203

23.8
79.7
28.3
31.4
6.8
28.3

(4,267)
348,913

1,239
454,442—30.2

69,10322,898
188,749
280,750
21,853
302,60371,70524,491
223,725
319,921
31,590351,511

3.8
7.0
18.5
14.0
44.6
16.2

—
302,603—351,511—16.2

22,9473,627
2,101
28,675
21,90250,57742,25823,17921,121
86,55815,134
101,692

84.2
539.1
905.3
201.9
(30.9)
101.1(4,267)46,3101,239
102,931—122.3

Non-interest expenses
Business segment information:
Wealth Management
Investment Management
Wholesale
Subtotal
Other
Non-interest expenses
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes
Non-interest expenses
Income (loss) before income taxes
Business segment information:
Wealth Management
Investment Management
Wholesale
Subtotal
Other*
Income (loss) before income taxes
Reconciliation items:
Unrealized gain (loss) on investments in equity
securities held for operating purposes
Income (loss) before income taxes* Major components
Transactions between operating segments are recorded within segment results on commercial terms and conditions, and are eliminated in “Other.”
The following table presents the major components of income (loss) before income taxes in “Other.”
Millions of yen
For the three months ended
June 30,
June 30,2023 (A)2024 (B)Net gain (loss) related to economic hedging transactions
Realized gain (loss) on investments in equity securities held for operating purposes
Equity in earnings of affiliates
Corporate items
Other
Total
Note) The Retail Division has been renamed the “Wealth Management Division”, effective April 1, 2024.
– 11 –

3,394
8,191
13,718
1,942(5,343)
21,902(2,853)—14,8005,519(2,332)
15,134% Change(B-A)/(A)

—
—
7.9
184.2
—
(30.9)

(6) Significant Changes in Equity
Not applicable. For further details of the changes, please refer below.
Millions of yen
For the three months ended
June 30, 2024

Common stock
Balance at beginning of year
Balance at end of period

594,493594,493

Additional paid-in capital
Balance at beginning of year
Stock-based compensation awards
Changes in an affiliated company’s interests
Balance at end of period

708,785(36,184)(10)
672,591

Retained earnings
Balance at beginning of year
Net income attributable to NHI shareholders
Loss on disposal of treasury stock
Balance at end of period

1,705,725
68,938(10,329)
1,764,334

Accumulated other comprehensive income (loss)
Cumulative translation adjustments
Balance at beginning of year
Net change during the period
Balance at end of period
Defined benefit pension plans
Balance at beginning of year
Pension liability adjustment
Balance at end of period
Non-trading debt securities
Balance at beginning of year
Net unrealized loss on non-trading debt securities
Balance at end of period
Own credit adjustments
Balance at beginning of year
Own credit adjustments
Balance at end of period
Balance at end of period

444,071
110,347
554,418(19,512)(1,219)(20,731)
—
(71)
(71)
35,425
7,317
42,742576,358

Common stock held in treasury
Balance at beginning of year
Repurchases of common stock
Sale of common stock
Common stock issued to employees
Balance at end of period(118,798)(58,822)0
32,795(144,825)

Total NHI shareholders’ equity
Balance at end of period

3,462,951

Noncontrolling interests
Balance at beginning of year
Net change during the period
Balance at end of period

98,324
1,922
100,246

Total equity
Balance at end of period

3,563,197– 12 –

(7) Note with respect to the Assumption as a Going Concern
Not applicable.
(8) Note with respect to Consolidated Statements of Cash FlowsThe following table shows depreciation and amortization for the three months ended June 30, 2023 and 2024.
Millions of yen
For the three months ended
June 30, 2023
June 30, 2024

Depreciation and amortization

14,993– 13 –

16,112

3. Supplementary Information(1) Consolidated Statements of Income – Quarterly Comparatives

June 30,
2023

Revenue:Commissions
Fees from investment banking
Asset management and portfolio service fees
Net gain on trading
Gain on private equity and debt investments
Interest and dividends
Gain (loss) on investments in equity securities
Other
Total revenue
Interest expense
Net revenue
Non-interest expenses:
Compensation and benefits
Commissions and floor brokerage
Information processing and communications
Occupancy and related depreciation
Business development expenses
Other
Total non-interest expenses
Income before income taxes
Income tax expense
Net income
Less: Net income attributable to noncontrolling interests
Net income attributable to NHI shareholders

Millions of yen
For the three months ended
September 30, December 31,
March 31,2023
2023
2024(A)% Change
June 30,2024(B)(B-A)/(A)Millions of yen
For the year ended
March 31,2024

82,77031,14671,807
115,5636,887
549,651
4,777
30,752
893,353
544,440
348,91388,92238,60476,666116,613
1,123
658,458
2,792
29,522
1,012,700
644,940
367,760

85,71855,22977,496125,069
1,882
686,300(3,350)52,143
1,080,487
680,262400,225

106,685
48,286
84,185
134,366
1,985
726,447
5,393
63,407
1,170,754
725,652
445,102102,750
41,251
90,333
131,994
3,153
788,550
1,442
58,412
1,217,885
763,443454,442(3.7)(14.6)
7.3
(1.8)
58.8
8.5
(73.3)
(7.9)
4.0
5.2
2.1

364,095
173,265
310,154491,611
11,8772,620,856
9,612
175,824
4,157,294
2,595,294
1,562,000

158,673
31,36552,836
16,601
6,144
36,984
302,60346,31020,42825,882
2,551
23,331

167,138
34,336
53,616
17,477
5,396
33,062311,025
56,735
21,15035,585353
35,232

170,629
34,31554,342
16,806
6,157
39,265
321,51478,711
26,57352,138
1,588
50,550177,083
37,31256,332
17,814
6,539
57,928353,008
92,09428,47963,615
6,865
56,750184,510
43,62955,76917,635
6,572
43,396
351,511
102,931
31,49871,433
2,495
68,938

4.2
16.9
(1.0)
(1.0)
0.5
(25.1)
(0.4)
11.8
10.6
12.3
(63.7)
21.5

673,523
137,328
217,126
68,69824,236167,239
1,288,150
273,850
96,630177,220
11,357
165,863

Yen% Change

Yen

Per share of common stock:
BasicNet income attributable to NHI shareholders per share

7.71

11.61

16.77

18.92

23.33

23.3

54.97

DilutedNet income attributable to NHI shareholders per share

7.40

11.21

16.10

18.02

22.36

24.1

52.69

– 14 –

(2) Business Segment Information – Quarterly Comparatives
The following table shows quarterly business segment information and reconciliation items to the consolidated statements of income.

June 30,
2023

Millions of yen
For the three months ended
September 30, December 31, March 31,
2023
2023
2024(A)% Change
June 30,2024(B)(B-A)/(A)Millions of yen
For the year ended
March 31,2024

Net revenue
Business segment information:
Wealth Management
Investment Management
Wholesale
Subtotal
Other
Net revenue
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held
for operating purposes
Net revenue

92,05026,525
190,850
309,425
43,755353,180

98,932
45,111
204,087
348,130
16,953365,083

102,625
38,946
216,996358,567
54,620413,187

108,754
43,561
254,214406,529
34,362440,891

113,963
47,670244,846
406,479
46,724453,203

4.8
9.4
(3.7)
(0.0)
36.0
2.8

402,361
154,143866,147
1,422,651
149,690
1,572,341(4,267)
348,913

2,677
367,760(12,962)400,225

4,211
445,1021,239
454,442(70.6)
2.1(10,341)
1,562,000

69,10322,898
188,749
280,750
21,853
302,60369,887
21,896
195,823
287,606
23,419311,025

70,69823,350
194,026
288,074
33,440321,514

69,99425,801
233,638
329,433
23,575353,008

71,70524,491
223,725
319,921
31,590351,511

2.4
(5.1)
(4.2)
(2.9)
34.0
(0.4)

279,682
93,945812,236
1,185,863
102,287
1,288,150—
302,603—
311,025—
321,514—353,008—
351,511—(0.4)—
1,288,150

22,9473,627
2,101
28,675
21,90250,57729,04523,215
8,264
60,524(6,466)54,05831,927
15,59622,97070,493
21,18091,67338,76017,76020,576
77,096
10,787
87,88342,25823,17921,121
86,55815,134
101,692

9.0
30.5
2.6
12.3
40.3
15.7

122,679
60,19853,911
236,788
47,403
284,191(4,267)46,3102,677
56,735(12,962)
78,711

4,211
92,094

1,239
102,931(70.6)
11.8(10,341)
273,850

Non-interest expenses
Business segment information:
Wealth Management
Investment Management
Wholesale
Subtotal
Other
Non-interest expenses
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held
for operating purposes
Non-interest expenses
Income (loss) before income taxes
Business segment information:
Wealth Management
Investment Management
Wholesale
Subtotal
Other*
Income (loss) before income taxes
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held
for operating purposes
Income (loss) before income taxes* Major components
Transactions between operating segments are recorded within segment results on commercial terms and conditions, and are eliminated in “Other.”
The following table presents the major components of income (loss) before income taxes in “Other.”(B-A)/(A)Millions of yen
For the year ended
March 31,
2024

3,394

(8,905)

7,575

(43)

(2,853)

—

2,021

8,191
13,718
1,942(5,343)
21,902

26
9,013
1,380
(7,980)(6,466)

11,762
8,830(6,459)(528)
21,1801,048
14,859(8,860)
3,783
10,787—
14,8005,519(2,332)
15,134

—
(0.4)
—
—
40.3

21,02746,420(11,997)(10,068)
47,403June 30,2023

Net gain (loss) related to economic hedging transactions
Realized gain (loss) on investments in equity securities
held for operating purposes
Equity in earnings of affiliates
Corporate items
Other
Total

Millions of yen
For the three months ended
September 30,
December 31,
March 31,2023
2023
2024(A)% Change
June 30,2024(B)Note)The Retail Division has been renamed the “Wealth Management Division”, effective April 1, 2024.
– 15 –

(3)Other
Quarterly financial information for Nomura Securities Co., Ltd. can be found at the following URL.
https://www.nomuraholdings.com/company/group/nsc/pdf/2025_1q.pdf– 16 –

[Translation]
Independent Auditor’s Interim Review ReportAugust 8, 2024
The Board of Directors
Nomura Holdings, Inc.
Ernst & Young ShinNihon LLC
Tokyo office, Japan
Toyohiro Fukata
Certified Public Accountant
Designated and Engagement Partner
Shinichi Hayashi
Certified Public Accountant
Designated and Engagement Partner
Mitsuhiro Nagao
Certified Public Accountant
Designated and Engagement Partner
Toshiro Kuwata
Certified Public Accountant
Designated and Engagement Partner
Auditor’s Conclusion
We have reviewed the accompanying quarterly consolidated financial statements of Nomura Holdings, Inc. and its subsidiaries (the Group), which
comprise the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income for the three-month
period ended June 30, 2024, and notes to the quarterly consolidated financial statements.
Based on our review, nothing has come to our attention that causes us to believe that the accompanying quarterly consolidated financial statements are
not prepared, in all material respects, in accordance with Article 5, Paragraph 4 of the Tokyo Stock Exchange, Inc’s Standards for the Preparation of
Quarterly Financial Statements (the Standards), applying the provisions for reduced disclosures as set forth in Article 5, Paragraph 5 of the Standards, as
disclosed in the quarterly consolidated financial statements.
Basis for Auditor’s Conclusion
We conducted our review in accordance with review standards for interim financial statements generally accepted in Japan. Our responsibilities underthose standards are further described in the Auditor’s Responsibilities for the Review of the Quarterly Consolidated Financial Statements section of ourreport. We are independent of the Group in accordance with the ethical requirements that are relevant to our review of the quarterly consolidated
financial statements in Japan, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the evidence
we have obtained provides a basis for our conclusion.
Responsibilities of Management and the Audit Committee for the Quarterly Consolidated Financial Statements
Management is responsible for the preparation of the quarterly consolidated financial statements in accordance with Article 5, Paragraph 4 of theStandards, applying the provisions for reduced disclosures as set forth in Article 5, Paragraph 5 of the Standards and for the internal controls as
management determines are necessary to enable the preparation of quarterly consolidated financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the quarterly consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern,
including the disclosures related to matters of going concern, as required by Article 5, Paragraph 4 of the Standards, applying the provisions for reduced
disclosures as set forth in Article 5, Paragraph 5 of the Standards.
The Audit Committee is responsible for overseeing the Group’s financial reporting process.
Auditor’s Responsibilities for the Review of the Quarterly Consolidated Financial Statements
Our responsibility is to independently express a conclusion on the quarterly consolidated financial statements in the interim review report based on ourreview. As part of a review in accordance with review standards for interim financial statements generally accepted in Japan, we exercise professional

judgment and maintain professional skepticism throughout the review. We also:•

Make inquiries, primarily of management and persons responsible for financial and accounting matters and apply analytical and otherinterim review procedures. A review is substantially less in scope than an audit conducted in accordance with auditing standards generally
accepted in Japan.
– 17 –

•Conclude based on the evidence obtained whether anything has come to our attention that causes us to believe that the quarterly
consolidated financial statements are not prepared in accordance with Article 5, Paragraph 4 of the Standards, applying the provisions for
reduced disclosures as set forth in Article 5, Paragraph 5 of the Standards, should we determine that a material uncertainty exists related toevents or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. Additionally, if we conclude thata material uncertainty exists, we are required to draw attention in our auditor’s interim review report to the related disclosures in thequarterly consolidated financial statements or, if such disclosures are inadequate, to modify our conclusion. Our conclusions are based on
the evidence obtained up to the date of our auditor’s interim review report. However, future events or conditions may cause the Group tocease to continue as a going concern.

•

Evaluate whether anything has come to our attention that causes us to believe that the overall presentation and disclosure of the quarterly
consolidated financial statements are not prepared in accordance with Article 5, Paragraph 4 of the Standards, applying the provisions for
reduced disclosures as set forth in Article 5, Paragraph 5 of the Standards.

•

Obtain evidence regarding the financial information of the Group as a basis for expressing a conclusion on the quarterly consolidated
financial statements. We are responsible for the direction, supervision and review of the documentation of the interim review. We remainsolely responsible for our conclusion.

We communicate with the Audit Committee regarding the planned scope and timing of the review and significant review findings.
We also provide the Audit Committee with a statement that we have complied with the ethical requirements regarding independence that are relevant toour review of the quarterly consolidated financial statements in Japan, and to communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or safeguards applied to reduce threats to an
acceptable level.
Interest Required to Be Disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Group which is required to be disclosed pursuant to the provisions of theCertified Public Accountants Act of Japan.

*1.
*2.

The Company maintains the original of the Independent Auditor’s Interim Review Report above.
XBRL data and HTML data are not included in the scope of the interim review.

(Note)The original Independent Auditor’s Interim Review Report related to the quarterly consolidated financial statements is in Japanese. This English
translation is prepared only for readers’ convenience. Ernst & Young ShinNihon LLC have not applied any such procedures, nor have they performed an
audit on the English language version of the quarterly consolidated financial statements for the above-mentioned period.
– 18 –