News Release

Nomura Reports First Quarter Financial Results Three segment pretax income of Y86.6bn, up 12% QoQ and 3x stronger YoY
 Best quarterly Wealth Management pretax income in nine years driven by record high recurring
revenue assets and recurring revenue
 Investment Management AuM of Y92.5trn at all-time high on net inflows and strongest businessrevenue since division established in April 2021; Alternative AuM surpassed Y2trn
 Wholesale pretax income higher QoQ on solid Spread Products and Equities performance,
while Investment Banking net revenue slowed due to decline in deals executed and Japanseasonal factors
 Earnings per share of Y22.36, up 24% QoQ and 3x YoY; First quarter ROE of 8.1%

Tokyo, July 30, 2024—Nomura Holdings, Inc. today announced its consolidated financial results
for the first quarter of the fiscal year ending March 31, 2025.
Net revenue in the first quarter was 454.4 billion yen (US$2.8 billion)1, income before income taxes
was 102.9 billion yen (US$640 million), and net income attributable to Nomura Holdings
shareholders was 68.9 billion yen (US$428 million).
“Pretax income from our three core businesses grew for the fifth straight quarter,” said Kentaro
Okuda, Nomura President and Group CEO.
“Our Wealth Management business had its best quarter in nine years as our segment-based
approach drove recurring revenue assets and recurring revenue to a record high.
“Investment Management saw assets under management and business revenue reach all-timehighs. We continued to grow our private markets business with alternative assets undermanagement surpassing 2 trillion yen.
“Wholesale revenues remained strong as we diversified our revenue streams in Credit andSecuritized Products.
“Looking ahead, we will continue to intensify our global strategy leveraging our Japan franchise toconsistently achieve ROE of 8 to 10 percent or more.”

1US dollar amounts are included solely for the convenience of the reader and have been translated at the rate of 160.88 yen = 1 US
dollar, the noon buying rate in New York for cable transfers in foreign currencies as certified for customs purposes by the Federal
Reserve Bank of New York on June 28, 2024. This translation should not be construed to imply that the yen amounts actually represent,or have been or could be converted into, equivalent amounts in US dollars.

Divisional Performance
Wealth Management(billions of yen)
Net revenue

FY2024/25
Q1
114.0

QoQ

42.3

Income (loss) before income taxes

YoY
5%

24%

9%

84%

Wealth Management reported net revenue of 114 billion yen, increasing 5 percent quarter onquarter and up 24 percent from the same period last year. Income before income taxes was 42.3
billion yen, up 9 percent quarter on quarter and 84 percent year on year.
Wealth Management booked its highest quarterly pretax income in nine years, since the first quarterof FY2015/16, driven by stronger revenues in each segment as the division deepened its segmentbased approach. Both recurring revenue assets and recurring revenue reached a record high,underscoring continued growth in the asset management recurring business.

Investment Management(billions of yen)
Net revenue

FY2024/25
Q1
47.7
23.2

Income (loss) before income taxes

QoQ

YoY
9%

80%

31%

6.4x

Investment Management first quarter net revenue was 47.7 billion yen, increasing 9 percent quarteron quarter and up 80 percent from the same period last year. Income before income taxes was
23.2 billion yen, up 31 percent quarter on quarter and 6.4 times higher than the same quarter lastyear.
Net inflows lifted Investment Management assets under management to an all-time high of 92.5
trillion yen, and stable business revenue was at its highest level since April 2021 when the division
was established. Alternative assets under management surpassed 2 trillion yen as efforts in theprivate asset space continued to gain ground.

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Wholesale(billions of yen)
Net revenue

FY2024/25
Q1
244.8
21.1

Income (loss) before income taxesQoQ

YoY
-4%

28%

3%

10.1x

Wholesale booked net revenue of 244.8 billion yen, down 4 percent quarter on quarter but up 28
percent year on year. Income before income taxes was 21.1 billion yen, up 3 percent quarter onquarter and 10.1 times higher than the same quarter last year.
Global Markets had a robust performance in Spread Products and Equities as Wholesale continued
to diversify revenues. This offset a decline in Investment Banking from the prior strong quarter due
to a slowdown in deals executed and Japan seasonal factors. As a result, divisional pretax income
increased slightly quarter on quarter.

ends

NomuraNomura is a global financial services group with an integrated network spanning approximately 30 countries and regions.
By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments
through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets andInvestment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients withcreative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

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liability can be accepted by Nomura for errors or omissions or for any losses arising from the use of this information.
5. 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 suchstatements must be read in the context of the offering materials pursuant to which any securities may be offered or sold in the UnitedStates. These forward-looking statements are not historical facts but instead represent only our belief regarding future events, manyof which, by their nature, are inherently uncertain and outside our 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 andinvestor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations,competitive conditions and size, and the number and timing of transactions.
6. The consolidated financial information in this document is unaudited.

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