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 April 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 – Year ended March 31, 2024.

The registrant hereby incorporates Exhibit 1 to this report on Form 6-K by reference in the prospectus that is part of Registration Statement on
Form F-3 (Registration No. 333-273353) of the registrant and Nomura America Finance, LLC, filed with the Securities and Exchange Commission 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: April 26, 2024

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

Financial Summary For the Year Ended March 31, 2024 (U.S. GAAP)
Date:

April 26, 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)
For the year ended March 31
2023
2024
(Millions of yen, except per share data)% Change from
% Change fromMarch 31, 2022
March 31, 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
Income before income taxes to total assets
Income before income taxes divided by total revenue
Equity in earnings of affiliates

2,486,726
1,335,577
149,474
92,786283,215
30.86
29.74
3.1%
0.3%
6.0%
41,91056.0%(2.1%)(34.0%)(35.1%)(10.3%)

4,157,294
1,562,000
273,850
165,863
320,792
54.97
52.69
5.1%
0.5%
6.6%
45,687

67.2%
17.0%
83.2%
78.8%
13.3%

Note: Return on shareholders’ equity is a ratio of Net income attributable to NHI shareholders to Total NHI shareholders’ equity.
(2) Financial Position
At March 31
2023

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)2024(Millions of yen, except per share data)

47,771,802
3,224,142
3,148,567
6.6%
1,048.24

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

(3) Cash Flows
For the year ended March 31
2023

2024
(Millions of yen)

Net cash provided by (used in) operating activities
Net cash used in investing activities
Net cash provided by financing activities
Cash, cash equivalents, restricted cash and restricted cash equivalents
at end of the year

(694,820)(233,225)
1,283,937

86,626(890,676)
1,061,602

3,820,852

4,299,022

2. Cash Dividends
For the year ended March 31
2023

2024
(Yen amounts, except total annual dividends)

Dividends per share
Dividends record dates
At June 30
At September 30
At December 31
At March 31
For the year
Total annual dividends (Millions of yen)
Consolidated payout ratio
Consolidated dividends as a percentage of shareholders’ equity per share

—
5.00
—
12.00
17.00
51,056
55.1%
1.7%

—
8.00
—
15.00
23.00
68,68241.8%
2.1%

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 and dividends forecasts.
Notes(1) Changes in significant subsidiaries during the period: None
(Changes in Specified Subsidiaries accompanying changes in scope of consolidation.)(2) Changes in accounting policiesa)b)Changes in accounting policies due to amendments to the accounting standards : None
Changes in accounting policies due to other than a) : None

(3) Number of shares issued (common stock)
At March 31
2023

Number of shares outstanding (including treasury stock)
Number of treasury stock2024

3,233,562,601
229,883,277

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

For the year ended March 31
2023

Average number of shares outstanding

3,006,744,201*This financial summary is not subject to certified public accountant’s or audit firm’s audits

2024

3,017,128,412

Table of Contents for the Accompanying Materials
Overview of Consolidated Operating Results

2

(1)
(2)
(3)

Overview of Consolidated Operating Results
Overview of Consolidated Financial Position
Overview of Cash Flows

2
4
4

2.

Considerations in the selection of accounting standards

53.

Consolidated Financial Statements

5

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)

6
8
9
10
11
12
13
15

1.

4.

Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Comprehensive Income
Consolidated Statements of Changes in Equity
Consolidated Statements of Cash Flows
Note with respect to the Assumption as a Going Concern
Notes to the Consolidated Financial Statements
Other Financial Information

17

Other Information
–1–

1.

Overview of Consolidated Operating Results(1)

Overview of Consolidated Operating Results

Operating Results
U.S. GAAP
Billions of yen
For the year ended% Change

March 31,2023 (A)March 31,2024 (B)

1,335.6
1,186.1
149.5
57.8
91.7

1,562.0
1,288.2
273.9
96.6
177.2

17.0
8.6
83.2
67.2
93.3

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

(1.1)
92.8

11.4
165.9

—
78.8

Return on shareholders’ equity*

3.1%

Net revenue
Non-interest expenses
Income (loss) before income taxes
Income tax expense
Net income (loss)

5.1%(B-A)/(A)—* 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 (“Nomura”) reported net revenue of 1,562.0 billion yen for the fiscal year ended March 31,
2024, an increase of 17.0% from the previous year. Non-interest expenses increased by 8.6% from the previous year to 1,288.2 billion yen. Income
before income taxes was 273.9 billion yen and net income attributable to NHI shareholders was 165.9 billion yen for the fiscal year ended March 31,
2024.
Segment Information
Billions of yen
For the year ended

Net revenue
Non-interest expenses
Income (loss) before income taxes

March 31,2023 (A)March 31,2024 (B)

1,365.8
1,186.1
179.7

1,572.3
1,288.2
284.2% Change(B-A)/(A)

15.1
8.6
58.1

In business segment totals, which exclude a part of unrealized gain (loss) on investments in equity securities held for operating purposes, net
revenue for the fiscal year ended March 31, 2024 was 1,572.3 billion yen, an increase of 15.1% from the previous year. Non-interest expenses
increased by 8.6% from the previous year to 1,288.2 billion yen. Income before income taxes increased by 58.1% to 284.2 billion yen for the fiscal
year ended March 31, 2024. Please refer to page 13 for further details of the differences between U.S. GAAP and business segment amounts.
–2–

<Business Segment Results>
Operating Results of RetailBillions of yen
For the year ended

Net revenue
Non-interest expenses
Income (loss) before income taxes

March 31,2023 (A)March 31,2024 (B)

300.2
266.7
33.5

402.4
279.7
122.7

% Change(B-A)/(A)

34.0
4.9
266.2

Net revenue increased by 34.0% from the previous year to 402.4 billion yen. Non-interest expenses increased by 4.9% to 279.7 billion yen. As aresult, income before income taxes increased by 266.2% to 122.7 billion yen.
Operating Results of Investment Management
Billions of yen
For the year ended

Net revenue
Non-interest expenses
Income (loss) before income taxes

March 31,2023 (A)March 31,2024 (B)

128.6
85.1
43.5

154.1
93.9
60.2

% Change(B-A)/(A)

19.9
10.4
38.4

Net revenue increased by 19.9% from the previous year to 154.1 billion yen. Non-interest expenses increased by 10.4% to 93.9 billion yen. As aresult, income before income taxes increased by 38.4% to 60.2 billion yen. Assets under management were 89.0 trillion yen as of March 31, 2024.
Operating Results of Wholesale
Billions of yen
For the year ended

Net revenue
Non-interest expenses
Income (loss) before income taxes

March 31,2023 (A)March 31,2024 (B)

772.4
743.0
29.4

866.1
812.2
53.9

% Change(B-A)/(A)

12.1
9.3
83.6

Net revenue increased by 12.1% from the previous year to 866.1 billion yen. Non-interest expenses increased by 9.3% to 812.2 billion yen. As aresult, income before income taxes increased by 83.6% to 53.9 billion yen.
–3–

Other Operating Results
Billions of yen
For the year ended

Net revenue
Non-interest expenses
Income (loss) before income taxes

March 31,2023 (A)March 31,2024 (B)

164.7
91.3
73.4

149.7
102.3
47.4

% Change(B-A)/(A)

(9.1)
12.0
(35.4)Net revenue was 149.7 billion yen. Income before income taxes was 47.4 billion yen.
(2)

Overview of Consolidated Financial Position
Total assets as of March 31, 2024, were 55,147.2 billion yen, an increase of 7,375.4 billion yen compared to March 31, 2023, mainly due to theincrease in Trading assets. Total liabilities as of March 31, 2024 were 51,698.7 billion yen, an increase of 7,151.0 billion yen compared to March 31,
2023, mainly due to the increase in Securities sold under agreements to repurchase. Total equity as of March 31, 2024 was 3,448.5 billion yen, an
increase of 224.4 billion yen compared to March 31, 2023.

(3)

Overview of Cash Flows
Cash, cash equivalents, restricted cash and restricted cash equivalents as of March 31, 2024, increased by 478.2 billion yen compared toMarch 31, 2023. Cash flows from operating activities for the year ended March 31, 2024 were inflows of 86.6 billion yen due mainly to the increasein Payables. Cash flows from investing activities for the year ended March 31, 2024 were outflows of 890.7 billion yen due mainly to Payments forpurchases or origination of other non-trading loans. Cash flows from financing activities for the year ended March 31, 2024 were inflows of
1,061.6 billion yen due primarily to Proceeds from issuances of long-term borrowings.
–4–

2.

Considerations in the selection of accounting standards
Nomura currently adopts U.S. generally accepted accounting principles. Depending on factors such as trends by other companies and the impact
of International Financial Reporting Standards (“IFRS”) on Nomura’s businesses, Nomura may consider in adopting IFRS in the future.

3.

Consolidated Financial Statements
The consolidated financial information herein has been prepared in accordance with Nomura’s accounting policies which are disclosed in thenotes to the consolidated financial statements of Nomura Holdings, Inc.’s Annual Securities Report (the annual report filed in Japan on June 28,2023 and amended on April 12, 2024) and Form 20-F (the annual report filed with the U.S. Securities and Exchange Commission on June 28, 2023
and amended on April 12, 2024) for the year ended March 31, 2023.
–5–

(1) Consolidated Balance Sheets
Millions of yen
March 31,2024

Increase/(Decrease)

3,820,685
409,082
291,480
4,521,247

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

418,674
136,760
78,290633,724

4,013,852
379,911819,263(5,832)
5,207,194

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

1,455,343
74,026109,369(12,215)
1,626,523

13,834,460
4,283,039
18,117,499

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

1,786,672
1,090,624
2,877,296

17,509,934
99,39917,609,333

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

2,029,808
17,6672,047,475

464,316
337,361
97,660402,485
1,014,707
2,316,529
47,771,802

448,785
335,401
105,088
462,017
1,155,621
2,506,912
55,147,203(15,531)(1,960)7,428
59,532140,914
190,383
7,375,401

March 31,2023

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¥459,954 million as of March 31, 2023 and¥529,605 million as of March 31, 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
March 31,2024

Increase/(Decrease)

1,008,541

1,054,717

46,176

1,359,948
1,799,585
2,137,936
5,297,469

1,310,825
2,823,100
2,356,202
6,490,127(49,123)
1,023,515
218,266
1,192,658

14,217,966
1,556,663
334,319
16,108,948
10,557,971
1,175,521
10,399,210
44,547,660

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

2,652,337
576,40358,887
3,287,627
332,639
239,025
2,052,905
7,151,030

594,493
707,189
1,647,005
318,454
3,267,141

594,493
708,785
1,705,725
459,984
3,468,987—
1,596
58,720141,530
201,846(118,574)
3,148,567
75,5753,224,142
47,771,802(118,798)
3,350,189
98,324
3,448,513
55,147,203(224)
201,622
22,749224,371
7,375,401

March 31,2023

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 - 3,233,562,601 shares as of March 31, 2023 and
3,163,562,601 shares as of March 31, 2024
Outstanding - 3,003,679,324 shares as of March 31, 2023 and
2,970,755,160 shares as of March 31, 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 cost229,883,277 shares as of March 31, 2023 and
192,807,441 shares as of March 31, 2024
Total NHI shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity–7–(2) Consolidated Statements of Income
Millions of yen
For the year ended
March 31,
March 31,2023(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 (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 (loss) attributable to noncontrolling interests
Net income attributable to NHI shareholders% Change(B-A)/(A)279,857
113,208
271,684
563,269
14,504
1,114,690(1,426)130,940
2,486,726
1,151,149
1,335,577

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

30.1
53.1
14.2
(12.7)(18.1)
135.1
—
34.3
67.2
125.5
17.0

605,787
119,237
209,537
66,857
22,636
162,049
1,186,103
149,474
57,79891,676(1,110)92,786

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

11.2
15.2
3.6
2.8
7.1
3.2
8.6
83.2
67.2
93.3
—
78.8

Per share of common stock:Yen% Change

BasicNet income attributable to NHI shareholders per share

30.86

54.97

78.1

DilutedNet income attributable to NHI shareholders per share

29.74

52.69

77.2

–8–

(3) Consolidated Statements of Comprehensive Income
Millions of yen
For the year ended
March 31,
March 31,2023(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 adjustments
Deferred income taxes
Total
Own credit adjustments:
Own credit adjustments
Deferred income taxes
Total
Total other comprehensive income
Comprehensive income
Less: Comprehensive income (loss) attributable to noncontrolling interests
Comprehensive income attributable to NHI shareholders–9–% Change(B-A)/(A)91,676

177,22093.3

107,058(145)
106,913204,507(1,161)
203,346

91.0
—
90.2

16,422(4,793)
11,62918,475(5,813)
12,662

12.5—
8.9

95,047(22,050)
72,997
191,539283,215(52)
283,267(91,001)
18,565(72,436)
143,572
320,792
13,399307,393———(25.0)
13.3—
8.5

(4) Consolidated Statements of Changes in Equity
Millions of yen
For the year ended
March 31, 2023
March 31, 2024

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

594,493594,493594,493594,493

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

697,507
9,411
287
(16)
707,189

707,189
1,609
—
(13)
708,785

Retained earnings
Balance at beginning of year
Net income attributable to NHI shareholders
Cash dividends
Loss on sales of treasury stock
Cancellation of treasury stock
Balance at end of year

1,606,987
92,786(51,050)(1,718)—
1,647,005

1,647,005
165,863(68,674)(2,364)(36,105)
1,705,725

136,912
105,855
242,767

242,767
201,304
444,071(43,803)
11,629(32,174)(32,174)
12,662(19,512)34,86472,997
107,861
318,454

107,861(72,436)
35,425459,984

Common stock held in treasury
Balance at beginning of year
Repurchases of common stock
Sales of common stock
Common stock issued to employees
Cancellation of treasury stock
Balance at end of year

(112,355)(24,728)0
18,509—(118,574)(118,574)(61,199)
024,87036,105(118,798)

Total NHI shareholders’ equity
Balance at end of year

3,148,567

3,350,189

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

58,19817,37775,57575,57522,74998,3243,224,142

3,448,513

Accumulated other comprehensive income (loss)
Cumulative translation adjustments
Balance at beginning of year
Net change during the year
Balance at end of year
Defined benefit pension plans
Balance at beginning of year
Pension liability adjustments
Balance at end of year
Own credit adjustments
Balance at beginning of year
Own credit adjustments
Balance at end of year
Balance at end of year

Total equity
Balance at end of year
– 10 –

(5) Consolidated Statements of Cash Flows
Millions of yen
For the year ended
March 31, 2023
March 31, 2024

Cash flows from operating activities:
Net income
Adjustments to reconcile net income to Net cash provided by (used in) operating activities:
Depreciation and amortization
Provision for credit losses(Gain) loss on investments in equity securities
Gain on investments in subsidiaries and affiliates
Loss on disposal of office buildings, land, equipment and facilities
Changes in operating assets and liabilities:
Deposits with stock exchanges and other segregated cash
Trading assets and private equity and debt investments
Trading liabilities
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase
Securities borrowed, net of securities loaned
Margin loans and receivables
PayablesBonus accrual
Other, net
Net cash provided by (used in) operating activities

91,676

177,220

61,424(4,047)
1,426(23,889)344

61,34013,910(9,612)
(968)
2,670

170,632(1,623,037)
467,257(590,424)
834,438
472,811(139,417)(3,319)(410,695)(694,820)

16,465(386,474)(411,843)
290,843(324,095)(276,058)
709,839
26,480196,90986,626

Cash flows from investing activities:
Payments for placements of time deposits
Proceeds from redemption or maturity of time deposits
Payments for purchases of office buildings, land, equipment and facilities
Proceeds from sales of office buildings, land, equipment and facilities
Payments for purchases of equity investments
Proceeds from sales of equity investments
Net cash outflows from loans receivable at banks
Payments for purchases or origination of other non-trading loans
Proceeds from sales or repayments of other non-trading loans
Net cash outflows from interbank money market loans
Payments for purchases of non-trading debt securities
Proceeds from sales or maturity of non-trading debt securities
Acquisitions, net of cash acquired
Divestures, net of cash disposed of
Payments for purchases of investments in affiliated companies
Proceeds from sales of investments in affiliated companies
Other, net
Net cash used in investing activities(344,117)284,705(171,165)
63,648(4,471)
52,299(84,362)(4,702,061)
4,486,651(62)(45,910)
205,468—
16,950(25,119)
43,299(8,978)(233,225)(636,813)
551,669(145,784)
109,443(12,762)
40,497(112,224)(4,302,524)
3,622,991—(112,438)
135,690(457)—(29,778)900
914(890,676)

Cash flows from financing activities:
Proceeds from issuances of long-term borrowings
Payments for repurchases or maturity of long-term borrowings
Proceeds from issuances of short-term borrowings
Payments for repurchases or maturity of short-term borrowings
Net cash inflows (outflows) from interbank money market borrowings
Net cash inflows (outflows) from other secured borrowings
Net cash inflows from deposits received at banks
Payments for withholding taxes on stock-based compensation
Proceeds from sales of common stock
Payments for repurchases of common stock
Payments for cash dividends
Contributions from noncontrolling interests
Distributions to noncontrolling interests
Net cash provided by financing activities

2,208,422(1,115,171)
2,630,083(2,694,588)
48,197(52,915)
328,867(9,060)
4(24,728)(57,262)
59,718(37,630)
1,283,937

3,202,737(2,170,655)
1,894,565(1,866,998)(88,288)
107,311
107,532(12,669)953(61,029)(60,164)
69,231(60,924)
1,061,602

148,552
504,444

220,618
478,170

Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of the year
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of the year
– 11 –

3,316,408
3,820,852

3,820,852
4,299,022

(6) Note with respect to the Assumption as a Going Concern
Not applicable.
– 12 –

(7) Notes to the Consolidated Financial Statements
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 year ended
March 31,
March 31,2023 (A)2024 (B)% Change(B-A)/(A)Net revenue
Business segment information:
RetailInvestment Management
Wholesale
Subtotal
Other
Net revenue
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes
Net revenue

300,191
128,559
772,380
1,201,130
164,718
1,365,848

402,361
154,143866,147
1,422,651
149,690
1,572,341

34.0
19.9
12.1
18.4
(9.1)
15.1

(30,271)
1,335,577(10,341)
1,562,000—
17.0

266,695
85,064743,011
1,094,770
91,333
1,186,103

279,682
93,945812,236
1,185,863
102,287
1,288,150

4.9
10.4
9.3
8.3
12.0
8.6

—
1,186,103—
1,288,150—
8.6

33,49643,49529,369106,360
73,385
179,745

122,679
60,19853,911
236,788
47,403
284,191

266.2
38.4
83.6
122.6
(35.4)
58.1(30,271)
149,474(10,341)
273,850—
83.2

Non-interest expenses
Business segment information:
RetailInvestment 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:
RetailInvestment 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 year ended
March 31,
March 31,2023 (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
– 13 –(4,846)28,38547,744(12,590)
14,69273,3852,021
21,02746,420(11,997)(10,068)
47,403% Change(B-A)/(A)—(25.9)(2.8)——(35.4)

Per share data
Shareholders’ equity per share is calculated based on the following number of shares.
Number of shares outstanding as of March 31, 2024

2,970,755,160

Net income attributable to NHI shareholders per share calculated based on the following number of shares.
Average number of shares outstanding for the year ended March 31, 2024

3,017,128,412

Significant Subsequent Events
Not applicable.
– 14 –

(8) Other Financial Information
Consolidated Statements of Income – Quarterly Comparatives

Revenue:Commissions
Fees from investment banking
Asset management and portfolio service
fees
Net gain on trading
Gain (loss) 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 andcommunications
Occupancy and related depreciation
Business development expenses
Other
Total non-interest expenses
Income before income taxes
Income tax expense
Net income
Less: Net income (loss) attributable tononcontrolling interests
Net income attributable to NHI shareholders

Millions of yen
For the three months ended
December 31, March 31, June 30, September 30,
2022
2023
2023
2023

June 30,
2022

September 30,
2022

70,431
27,285

68,152
24,18977,50233,783

63,772
27,951

82,77031,146

68,250141,918

69,038160,905

67,035
142,132

67,361
118,314(4,535)
109,049

5,738
196,8938,050
373,283(1,742)(688)
409,968
110,940
299,028(1,523)
10,460533,852
215,894
317,958

143,061
28,488% Change
December 31,2023(A)

March 31,2024(B)(B-A)/(A)88,92238,60485,71855,229106,685
48,286

24.5(12.6)

71,807
115,563

76,666116,61377,496125,069

84,185
134,366

8.6
7.4

5,251
435,4656,887
549,651

1,123
658,458

1,882
686,300

1,985
726,447

5.5
5.8

644
69,812772,241
378,583
393,658

1,195
51,356
770,665445,732
324,933

4,777
30,752
893,353
544,440
348,913

2,792
29,522
1,012,700
644,940
367,760(3,350)52,143
1,080,487
680,262400,225

5,393
63,407
1,170,754
725,652
445,102

—
21.6
8.4
6.7
11.2

150,894
28,183

156,275
32,275

155,557
30,291

158,673
31,365

167,138
34,336

170,629
34,315177,083
37,312

3.8
8.7

49,732
16,3594,699
44,956287,295
11,733
11,340393

52,127
16,643
5,353
33,274286,474
31,484
14,741
16,74354,004
17,1806,311
44,047
310,092
83,566
17,62965,93753,674
16,675
6,273
39,772302,242
22,691
14,088
8,603

52,836
16,601
6,144
36,984
302,60346,31020,42825,88253,616
17,477
5,396
33,062311,025
56,735
21,15035,58554,342
16,806
6,157
39,265
321,51478,711
26,57352,13856,332
17,814
6,539
57,928353,008
92,09428,47963,615

3.7
6.0
6.2
47.5
9.8
17.0
7.2
22.0

(1,303)
1,696(28)
16,771(1,007)
66,944

1,228
7,375

2,551
23,331

353
35,232

1,588
50,5506,865
56,750

332.3
12.3

Yen

% Change

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

0.56

5.59

22.30

2.46

7.71

11.61

16.77

18.92

12.8

DilutedNet income attributable to NHI shareholders
per share

0.52

5.41

21.51

2.34

7.40

11.21

16.10

18.02

11.9

– 15 –

Business Segment Information – Quarterly Comparatives
The following table shows quarterly business segment information and reconciliation items to the consolidated statements of income.
Millions of yen
For the three months ended
December 31, March 31, June 30, September 30,
2022
2023
2023
2023

June 30,
2022

September 30,
2022

71,386
7,579
198,987
277,952
23,925
301,877

72,48026,171
205,499
304,150
15,623319,773

81,01956,965
189,057
327,041
87,310414,351

75,306
37,844
178,837
291,987
37,860329,847

92,05026,525
190,850
309,425
43,755353,180(2,849)299,028(1,815)317,958(20,693)393,658

66,47019,293
173,715
259,478
27,817287,295

66,995
20,618185,310
272,923
13,551
286,474—
287,295% Change
December 31,2023(A)

March 31,2024(B)(B-A)/(A)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

6.0
11.8
17.2
13.4
(37.1)
6.7(4,914)(4,267)
324,933 348,913

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

4,211
445,102—
11.2

67,756
23,663
190,911282,330
27,762
310,092

65,474
21,490193,075
280,039
22,203302,242

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

(1.0)
10.5
20.4
14.4
(29.5)
9.8—
286,474—
310,092—
302,242—302,603—
311,025—
321,514—353,008

—
9.8

4,916
(11,714)25,272
18,474(3,892)
14,582

5,485
5,553
20,18931,227
2,072
33,29913,26333,302(1,854)44,71159,548104,259

9,832
16,354(14,238)
11,94815,657
27,60522,9473,627
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
87,88321.4
13.9(10.4)
9.4(49.1)(4.1)(2,849)11,733(1,815)31,484(20,693)
83,566(4,914)
22,691(4,267)46,3102,677
56,735(12,962)
78,711

4,211
92,094—17.0

Net revenue
Business segment information:
RetailInvestment Management
Wholesale
Subtotal
Other
Net revenue
Reconciliation items:
Unrealized gain (loss) on investments inequity securities held for operating
purposes
Net revenue
Non-interest expenses
Business segment information:
RetailInvestment Management
Wholesale
Subtotal
Other
Non-interest expenses
Reconciliation items:
Unrealized gain (loss) on investments inequity securities held for operating
purposes
Non-interest expenses
Income (loss) before income taxes
Business segment information:
RetailInvestment Management
Wholesale
Subtotal
Other*
Income (loss) before income taxes
Reconciliation items:
Unrealized gain (loss) on investments inequity 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”.

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
December 31, March 31, June 30, September 30,
2022
2023
2023(A)
2023(B)

June 30,
2022

September 30,
2022(9,807)98(1,455)

6,318

3,394

240
16,993(5,988)(5,330)(3,892)

55
9,114
4,513
(11,708)
2,072

21,895
8,893(3,323)33,53859,548

6,195
12,744(7,792)(1,808)15,657

8,191
13,718
1,942(5,343)
21,902– 16 –% Change
December 31,2023(A)

March 31,2024(B)(B-A)/(A)(8,905)

7,575

(43)

—

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(91.1)
68.3——(49.1)

4.

Other Information
Financial information for Nomura Securities Co., Ltd. can be found on the following URL.
https://www.nomuraholdings.com/company/group/nsc/pdf/2024_4q.pdf– 17 –