Nomura (US:NMR)2025-02-05 11:04Financial Summary for the Nine Months Ended December 31, 2024 This section provides a comprehensive financial overview of Nomura Holdings for the nine months ended December 31, 2024 Consolidated Operating Results For the nine months ended December 31, 2024, Nomura Holdings reported significant growth in net revenue and net income Operating Results for the Nine Months Ended December 31 | Indicator | 2023 (Millions of yen) | 2024 (Millions of yen) | % Change | | :--- | :--- | :--- | :--- | | Net revenue | 1,116,898 | 1,439,750 | 28.9% | | Income before income taxes | 181,756 | 374,220 | 105.9% | | Net income attributable to NHI shareholders | 109,113 | 268,766 | 146.3% | | Basic EPS (Yen) | 36.08 | 90.95 | 152.1% | | Diluted EPS (Yen) | 34.69 | 87.66 | 152.7% | | Return on shareholders' equity (annualized) | 4.5% | 10.4% | - | Financial Position As of December 31, 2024, Nomura's total assets and shareholders' equity significantly increased Financial Position as of December 31, 2024 | Indicator | At March 31, 2024 (Millions of yen) | At December 31, 2024 (Millions of yen) | | :--- | :--- | :--- | | Total assets | 55,147,203 | 60,529,845 | | Total NHI shareholders' equity | 3,350,189 | 3,569,930 | | Total NHI shareholders' equity as a percentage of total assets | 6.1% | 5.9% | | Total NHI shareholders' equity per share (Yen) | 1,127.72 | 1,207.81 | Cash Dividends Nomura declared a ¥23.00 per share dividend for September 30, 2025, including a special commemorative dividend Dividends Per Share (Yen) | Record Date | FY2024 | FY2025 (Plan) | | :--- | :--- | :--- | | At September 30 | 8.00 | 23.00 | | At March 31 | 15.00 | Unconfirmed | | For the year | 23.00 | Unconfirmed | - The planned dividend for the year ending March 31, 2025 includes a ¥10.00 commemorative dividend for the company's 100th anniversary1415 Earnings Forecasts Nomura refrains from providing earnings or dividend forecasts due to global capital market uncertainties - The company refrains from issuing earnings forecasts because of uncertainties in the global capital markets1630 Qualitative Information of the Quarterly Consolidated Results This section offers qualitative insights into Nomura's quarterly consolidated results, performance drivers, and financial position Consolidated Operating Results Breakdown Nomura's net revenue for the nine-month period increased 28.9%, driven by strong performance across all divisions Business Segment Performance (Nine Months Ended Dec 31, 2024) | Segment | Net Revenue (¥B) | % Change YoY | Income Before Tax (¥B) | % Change YoY | | :--- | :--- | :--- | :--- | :--- | | Wealth Management | 346.9 | 18.2% | 133.7 | 59.3% | | Investment Management | 149.5 | 35.2% | 74.1 | 74.5% | | Wholesale | 798.8 | 30.5% | 128.8 | 286.3% | - The Retail Division was renamed the 'Wealth Management Division' effective April 1, 202423 - Assets under management in the Investment Management division reached ¥93.5 trillion as of December 31, 202425 Consolidated Financial Position Analysis Total assets increased by ¥5.4 trillion to ¥60.5 trillion, primarily due to higher trading assets - Total assets increased by ¥5,382.6 billion compared to March 31, 2024, primarily due to a rise in Trading assets29 - Total liabilities increased by ¥5,156.0 billion, mainly from an increase in Trading liabilities29 Quarterly Consolidated Financial Statements This section presents Nomura's unaudited quarterly consolidated financial statements, including accounting policy changes and a key subsequent event Consolidated Balance Sheet Summary (in Millions of yen) | Account | March 31, 2024 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 55,147,203 | 60,529,845 | 5,382,642 | | Trading assets | 19,539,742 | 23,629,649 | 4,089,907 | | Total Liabilities | 51,698,690 | 56,854,739 | 5,156,049 | | Trading liabilities | 10,890,610 | 13,641,814 | 2,751,204 | | Total Equity | 3,448,513 | 3,675,106 | 226,593 | Consolidated Income Statement Summary (Nine Months Ended Dec 31, in Millions of yen) | Account | 2023 | 2024 | % Change | | :--- | :--- | :--- | :--- | | Total revenue | 2,986,540 | 3,657,389 | 22.5% | | Net revenue | 1,116,898 | 1,439,750 | 28.9% | | Total non-interest expenses | 935,142 | 1,065,530 | 13.9% | | Income before income taxes | 181,756 | 374,220 | 105.9% | | Net income attributable to NHI shareholders | 109,113 | 268,766 | 146.3% | - A significant subsequent event occurred after the quarter-end: a subsidiary entered a contract to sell real estate in Tokyo, which is expected to result in approximately ¥56 billion of pre-tax income in either Q4 FY25 or Q1 FY2652 - Effective April 1, 2024, Nomura changed its accounting policy to no longer apply broker-dealer accounting (ASC 940) to its non-broker-dealer entities, allowing new non-trading debt securities to be classified as held-to-maturity (HTM) or available-for-sale (AFS)3940 Supplementary Information This section provides quarterly comparative data for consolidated statements of income and business segment information Quarterly Income Statement (Three Months Ended Dec 31, 2024 vs Sep 30, 2024) | Indicator (Millions of yen) | Sep 30, 2024 (A) | Dec 31, 2024 (B) | % Change (B-A)/(A) | | :--- | :--- | :--- | :--- | | Net revenue | 483,327 | 501,981 | 3.9% | | Income before income taxes | 133,010 | 138,279 | 4.0% | | Net income attributable to NHI shareholders | 98,387 | 101,441 | 3.1% | Quarterly Segment Income Before Taxes (Three Months Ended Dec 31, 2024 vs Sep 30, 2024) | Segment (Millions of yen) | Sep 30, 2024 (A) | Dec 31, 2024 (B) | % Change (B-A)/(A) | | :--- | :--- | :--- | :--- | | Wealth Management | 45,289 | 46,174 | 2.0% | | Investment Management | 31,935 | 18,938 | -40.7% | | Wholesale | 45,294 | 62,361 | 37.7% |