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

XForm 40-FIndicate 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.

Supplement for Financial Highlights – Three months ended June 30, 2024

The registrant hereby incorporates Exhibit 1 to this report on Form 6-K by reference (i) in the prospectus that is part of the Registration Statement onForm F-3 (Registration No. 333-261756) of the registrant, filed with the SEC on December 20, 2021 and (ii) in the prospectus that is part of theRegistration Statement on Form F-3 (Registration No. 333-273353) of the registrant and of Nomura America Finance, LLC, filed with the SEC onJuly 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 6, 2024

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

Presentation of Financial and Other Information
As used in this Form 6-K, references to “Nomura” are to Nomura Holdings, Inc. and its consolidated entities. References to “NHI” are to Nomura
Holdings, Inc.
Unless otherwise stated, references in this Form 6-K to “yen” are to Japanese yen. Amounts shown in this Form 6-K have been rounded to thenearest indicated digit unless otherwise specified. In tables and paragraphs with rounded figures, sums may not add up due to rounding.
Except as otherwise indicated, all financial information with respect to Nomura presented in this Form 6-K is presented on an unaudited
consolidated basis in accordance with U.S. generally accepted accounting principles.
Supplement for Financial Highlights—3 months ended June 30, 2024
Nomura reported net revenue of 454.4 billion yen for the 3 months ended June 30, 2024, an increase of 30.2% from the same period in theprevious year. Non-interest expenses increased by 16.2% from the same period in the previous 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 3 months ended June 30, 2024. Basic-Net income
attributable to NHI shareholders per share was 23.33 yen and Diluted-Net income attributable to NHI shareholders per share was 22.36 yen. Return on
shareholders’ equity annualized was 8.1%. Return on shareholders’ equity annualized is calculated as the ratio of net income attributable to NHI
shareholders to total NHI shareholders’ equity multiplied by 4 to annualize the figure.
i.) Financial Position
As of June 30, 2024, Nomura’s main balance sheet indicators were as follows:••••

Total assets: 59.7 trillion yen (an increase of 4.6 trillion yen compared to March 31, 2024 due mainly to an increase in Trading assets andSecurities purchased under agreements to resell)
Total liabilities: 56.2 trillion yen (an increase of 4.5 trillion yen compared to March 31, 2024 due mainly to an increase in Securities soldunder agreements to repurchase and Trading liabilities)
Total equity: 3.6 trillion yen (an increase of 0.1 trillion yen compared to March 31, 2024 due mainly to an increase in Accumulated othercomprehensive income)
Total NHI shareholders’ equity: 3.5 trillion yen

As of June 30, 2024, Nomura’s capital-related indicators were as follows1:
••
•
••••
•

1

Tier 1 Capital: 3,537 billion yen (3,468 billion yen as of March 31, 2024)
Tier 2 Capital: 0.5 billion yen (0.5 billion yen as of March 31, 2024)
Total Capital: 3,538 billion yen (3,468 billion yen as of March 31, 2024)
Tier 1 Capital ratio: 17.4% (18.2% as of March 31, 2024)
Common Equity Tier 1 Capital ratio: 15.6% (16.2% as of March 31, 2024)
Consolidated Capital Adequacy ratio: 17.4% (18.2% as of March 31, 2024)
Consolidated Leverage ratio (Tier 1 capital divided by exposure (the sum of on-balance sheet exposures and off-balance sheet items)):
4.93% (5.24% as of March 31, 2024)
Risk weighted assets: 20,245 billion yen (an increase from 18,976 billion yen as of March 31, 2024 due mainly to an increase of Marketrisk)

Ratios and figures in this paragraph represent preliminary estimates as of the date of this supplement release and may be revised upon finalization,
which is currently expected to occur by Autumn 2024.

NHI has been assigned as a Final Designated Parent Company who must calculate a consolidated capital adequacy ratio according to the“Establishment of standards on sufficiency of capital stock of a final designated parent company and its subsidiary entities, etc. compared to theassets held thereby” (2010 FSA Regulatory Notice No. 130; “Capital Adequacy Notice on Final Designated Parent Company”). Since then, theCapital Adequacy Notice on Final Designated Parent Company has been revised to be in line with Basel 2.5 and Basel III.
Since its designation as a Final Designated Parent Company in April 2011, NHI has been calculating its consolidated capital adequacy ratio
according to the Capital Adequacy Notice on Final Designated Parent Company and, from the end of March 2013, according to a Basel III-based
consolidated capital adequacy ratio.
ii.) Value at Risk
Value at risk as of June 30, 2024 was 5.3 billion yen, 3.6% decrease compared to March 31, 2024. Value at risk is defined at 95% confidence level. Thetime horizon for our outstanding portfolio is 1 day. Inter-product price fluctuations are considered.
iii.) Number of Employees
As of June 30, 2024, Nomura had 27,344 employees globally (Japan: 15,215, Europe: 3,057, Americas: 2,450, Asia-Pacific (including Powai office inIndia): 6,622).

The 3 months ended June 30, 2024—Business Highlights
Business Segment Information
Wealth Management
Results of operation
Billions of yen
For the 3 months ended
June 30,June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income before income taxes

92.1
69.1
22.9% Change(B-A)/(A)

114.0
71.742.3

23.8
3.8
84.2

Net revenue for 3 months ended June 30, 2024 increased primarily due to the continued development of a segment-based approach, revenue
growth in each segment, and the increasing traction of the asset management recurring revenue business, leading to a record high in recurring
revenue.
Note) The Retail Division has been renamed the “Wealth Management Division”, effective April 1, 2024.
KPIs
Trillions of yen
March 31,
June 30,2023 (A)2024 (B)

Recurring revenue assets

23.0

24.3

Billions of yen
For the 3 months ended
June 30,
June 30,2023 (A)2024 (B)Net inflows of recurring revenue assets(1)

107.4

387.9

Thousands
For the 3 months ended
June 30,
June 30,2023 (A)2024 (B)

Flow business clients

896

925

Thousands
March 31,
June 30,2023 (A)2024 (B)Services for salaried employees

(1)

3,627

3,732

% Change(B-A)/(A)5.7% Change(B-A)/(A)261.2% Change(B-A)/(A)3.2% Change(B-A)/(A)2.9

Net inflows of recurring revenue assets are defined and calculated by subtracting the amount of sell-offs and outflows from the amount ofpurchase and inflows of recurring revenue assets, and is an index used to measure the expansion of recurring revenue assets excluding changes inmarket value. The definition has been revised retroactively to exclude outflows from investment trust distributions. The figures prior to the 3months ended June 30, 2024 have been reclassified following this change in definition of net inflows of recurring assets. As a result, the net
inflows of recurring revenue assets for the 3 months ended June 30, 2023 has increased from ¥33.9 billion to ¥107.4 billion.
–1–

Investment ManagementResults of operation
Billions of yen
For the 3 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

47.7
24.5
23.2

% Change(B-A)/(A)

79.7
7.0
539.1

Net revenue increased primarily due to net inflows of 950 billion yen, lifting Asset Under Management to a record high of 92.5 trillion yen, as
well as an increase in investment gain/loss on contributions from valuation gains and dividends from Nomura Capital Partners portfolio companies.
The breakdown of net revenue for Investment Management is as follows:
Billions of yen
For the 3 months ended
June 30,
June 30,2023 (A)2024 (B)Business revenue(1)Investment gain/ loss(2)Net revenue
(1)

(2)

32.5
(6.0)
26.5

39.1
8.6
47.7

% Change(B-A)/(A)

20.3
—80.0

Consists of divisional revenue, other than investment gain/loss, including revenue generated by our asset management business (excluding gainsand losses related to our investment in American Century Investments), revenues generated by Nomura Babcock & Brown Co., Ltd.’s aircraft
leasing related businesses and management fee revenues generated from our private equity and other investment businesses.
Consists of divisional revenue attributable to investments (including fair value fluctuations, funding cost and dividends), including gains andlosses related to our investment in American Century Investments, our investments held in our private equity and other investment businesses.

KPIs
Trillions of yen
March 31,
June 30,2023 (A)2024 (B)

Asset Under Management

89.0

Net inflows(B-A)/(A)

92.5

3.9

Billions of yen
For the 3 months ended
June 30,
June 30,2023 (A)2024 (B)% Change

1,713.0–2–% Change

951.0(B-A)/(A)(44.5)

Wholesale
Results of operation
Billions of yen
For the 3 months ended
June 30,
June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income before income taxes

190.9
188.7
2.1

% Change(B-A)/(A)

244.8
223.7
21.1

28.3
18.5
905.3

The breakdown of net revenue for Wholesale is as follows:
Billions of yen
For the 3 months ended
June 30,
June 30,2023 (A)2024 (B)

Fixed Income
Equities
Global Markets
Investment Banking
Net revenue

97.4
63.0
160.4
30.5190.9% Change(B-A)/(A)

125.6
82.0
207.7
37.2
244.8

29.0
30.2
29.5
22.0
28.2

Global Markets net revenue increased on strong growth of Spread Products revenues driven by US Securitized Products and Japan Credit
business, and higher revenues of Equities in Execution Services on the back of robust global equity markets.
Investment Banking reported revenue growth attributed to Japan M&A by supporting multiple large transactions.
KPIs
3 months ended
June 30,
June 30,
2023
2024

Cost-to-income ratio
Revenue/modified RWA

99%
6.2%
–3–91%
7.3%

Other Operating Results
Billions of yen
For the 3 months ended
June 30,June 30,2023 (A)2024 (B)Net revenue
Non-interest expenses
Income 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)

Segment Information—Operating Segment
The following table shows quarterly business segment information and reconciliation items to the consolidated statements of income.
Millions of yen
For the 3 months ended
June 30,June 30,2023 (A)2024 (B)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
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% Change(B-A)/(A)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* Major components
Transactions between operating segments are recorded within segment results on commercial terms and conditions, and are eliminated in “Other”.
–4–The following table presents the major components of income (loss) before income taxes in “Other”.
Millions of yen
For the 3 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
OtherTotal

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)

Disclaimers
•
••
•••

•

This document is produced by Nomura. Copyright 2024 Nomura Holdings, Inc. All rights reserved.
Nothing in this document shall be considered as an offer to sell or solicitation of an offer to buy any security, commodity or other instrument,
including securities issued by Nomura or any affiliate thereof. Offers to sell, sales, solicitations to buy, or purchases of any securities issued by
Nomura or any affiliate thereof may only be made or entered into pursuant to appropriate offering materials or a prospectus prepared anddistributed according to the laws, regulations, rules and market practices of the jurisdictions in which such offers or sales may be made.
No part of this document shall be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical,
photocopying, recording or otherwise, without the prior written permission of Nomura.
The information and opinions contained in this document have been obtained from sources believed to be reliable, but no representations orwarranty, express or implied, are made that such information is accurate or complete and no responsibility or liability can be accepted by Nomura
for errors or omissions or for any losses arising from the use of this information.
This document contains statements that may constitute, and from time to time our management may make “forward-looking statements” within
the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Any such statements must be read in thecontext of the offering materials pursuant to which any securities may be offered or sold in the United States. These forward-looking statements
are not historical facts but instead represent only Nomura’s belief regarding future events, many of which, by their nature, are inherently uncertain
and outside Nomura’s control. Important factors that could cause actual results to differ from those in specific forward-looking statements include,
without limitation, economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility ofinterest rates, currency exchange rates, security valuations, competitive conditions and size, and the number and timing of transactions.
The review of the consolidated financial statements for the three-month period ended June 30, 2024 has not been completed by the independent
auditors as of the date of this supplement. As a result of such review, certain of the information set forth herein may be materially revised. Nomura
intends to disclose its reviewed consolidated financial statements in August 8, 2024.
This document should be read together with and is qualified in its entirety by reference to Nomura’s Annual Report on Form 20-F for the fiscal
year ended March 31, 2024.
–5–