| Other assets—Office buildings, land, equipment and facilities and Other / Other liabilities |
11. Other assets—Office buildings, land, equipment and facilities and Other / Other liabilities: Office buildings, land, equipment and facilities The following table presents a breakdown of owned and leased office buildings, land, equipment and facilities as of March 31, 2025 and 2026.
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|
| |
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|
| |
|
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|
| |
|
|
|
|
2026 |
|
|
|
¥ |
42,934 |
|
|
¥ |
64,327 |
|
|
|
|
46,173 |
|
|
|
52,876 |
|
|
|
|
26,793 |
|
|
|
80,000 |
|
|
|
|
143,002 |
|
|
|
170,292 |
|
|
|
|
20,761 |
|
|
|
37,644 |
|
Operating lease ROU assets |
|
|
156,791 |
|
|
|
138,708 |
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
436,454 |
|
|
¥ |
543,847 |
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|
|
|
|
|
|
|
|
| D epreci ation and amortization charges are reported within Non-interest expenses—Information processing and communications in the amount of ¥47,244 million, ¥47,714 million, and ¥51,527 million, and in Non-interest expenses—Occupancy and related depreciation in the amount of ¥14,096 million, ¥13,939 million, and ¥13,703 million for the years ended March 31, 2024, 2025 and 2026, respectively. Other assets—Other / Other liabilities The following table presents components of and in the consolidated balance sheets as of March 31, 2025 and 2026.
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| |
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| |
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| |
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|
Securities received as collateral |
|
¥ |
382,780 |
|
|
¥ |
504,843 |
|
Goodwill and other intangible assets |
|
|
73,345 |
|
|
|
315,379 |
|
Net deferred tax assets (1) |
|
|
25,224 |
|
|
|
41,778 |
|
Investments in equity securities for other than operating purposes (2) |
|
|
302,973 |
|
|
|
386,473 |
|
|
|
|
214,587 |
|
|
|
206,563 |
|
|
|
|
28,003 |
|
|
|
34,097 |
|
|
|
|
97,561 |
|
|
|
109,324 |
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
1,124,473 |
|
|
¥ |
1,598,457 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Obligation to return securities received as collateral |
|
¥ |
382,780 |
|
|
¥ |
504,843 |
|
|
|
|
88,424 |
|
|
|
105,154 |
|
Net deferred tax liabilities (1) |
|
|
113,820 |
|
|
|
146,706 |
|
Other accrued expenses and provisions (4) |
|
|
551,064 |
|
|
|
700,592 |
|
Operating lease liabilities |
|
|
174,132 |
|
|
|
156,279 |
|
|
|
|
146,378 |
|
|
|
200,061 |
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
1,456,598 |
|
|
¥ |
1,813,635 |
|
|
|
|
|
|
|
|
|
|
| (1) |
Net deferred tax assets are deferred tax assets offset by deferred tax liabilities which relate to the same tax-paying component within a particular tax jurisdiction. Net deferred tax liabilities are deferred tax liabilities offset by deferred tax assets which relate to the same tax-paying component within a particular tax jurisdiction. See Note 1 7 “ ” for further information. |
| (2) |
Includes equity securities held for other than trading or operating purposes. These investments comprise listed equity securities and unlisted equity securities of ¥5,889 million and ¥297,085 million , respectively, as of March 31, 2025, and ¥15,776 million and ¥370,642 million , respectively, as of March 31, 2026. These securities are generally carried at fair value, with changes in fair value recognized and reported within in the consolidated statements of income. Also includes equity securities without a readily determinable fair value. See Note 6 “ ” for further information. |
| (3) |
Includes Japan Securities Clearing Corporation’s clearing fund. |
| (4) |
Includes a liability of ¥14,240 million and ¥13,077 million as of March 31, 2025 and 2026, respectively, in respect of all outstanding and unsettled investigations, lawsuits and other legal proceedings where loss is considered probable and the amount of such loss can be reasonably estimated. See Note 22 “ Commitments, contingencies and guarantees ” for further information. | Goodwill is recognized upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired. Subsequent to initial recognition, goodwill is not amortized but is tested for impairment during the fourth quarter of each fiscal year, or more often if events or circumstances, such as adverse changes in the business climate, indicate there may be impairment. Impairment testing of goodwill is inherently subjective and often requires management judgment to determine when to perform an impairment test, whether qualitatively the fair value of a reporting unit exceeds its carrying value and also to estimate the fair value of a reporting unit when a quantitative impairment test is required. An annual goodwill impairment test was performed in the quarter ended March 31, 2025 and 2026. The following tables present changes in goodwill, which are reported in the consolidated balance sheets within for the years ended March 31, 2025 and 2026.
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| |
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| |
|
Year ended March 31, 2025 |
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| |
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|
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|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
Wholesale |
|
|
112,379 |
|
|
|
(93,537 |
) |
|
|
18,842 |
|
|
|
— |
|
|
|
|
|
|
|
(2,061 |
) |
|
|
110,318 |
|
|
|
(93,537 |
) |
|
|
16,781 |
|
Other |
|
|
418 |
|
|
|
|
|
|
|
418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
418 |
|
|
|
|
|
|
|
418 |
|
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Total |
|
¥ |
112,797 |
|
|
¥ |
(93,537 |
) |
|
¥ |
19,260 |
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
(2,061 |
) |
|
¥ |
110,736 |
|
|
¥ |
(93,537 |
) |
|
¥ |
17,199 |
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|
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| |
|
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| |
|
Year ended March 31, 2026 |
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| |
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| |
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|
|
|
|
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|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
|
|
|
¥ |
150,976 |
|
|
¥ |
|
|
|
¥ |
3,128 |
|
|
¥ |
154,104 |
|
|
¥ |
|
|
|
¥ |
154,104 |
|
Wholesale |
|
|
110,318 |
|
|
|
(93,537 |
) |
|
|
16,781 |
|
|
|
|
|
|
|
|
|
|
|
1,189 |
|
|
|
111,507 |
|
|
|
(93,537 |
) |
|
|
17,970 |
|
Other |
|
|
418 |
|
|
|
|
|
|
|
418 |
|
|
|
35 |
|
|
|
(35 |
) |
|
|
|
|
|
|
453 |
|
|
|
(35 |
) |
|
|
418 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
|
|
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|
|
Total |
|
¥ |
110,736 |
|
|
¥ |
(93,537 |
) |
|
¥ |
17,199 |
|
|
¥ |
151,011 |
|
|
¥ |
(35 |
) |
|
¥ |
4,317 |
|
|
¥ |
266,064 |
|
|
¥ |
(93,572 |
) |
|
¥ |
172,492 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
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|
(1) |
Includes currency translation adjustments. |
(2) |
Nomura recognized goodwill in December 2025 as a result of the Macquarie Acquisition. See Note 10 “ ” for further information. |
| (3) |
The impairment recognized during the current period was not a significant amount. | Finite-lived and indefinite-lived intangible assets As discussed in Note 10 “ to the Consolidated Financial Statements, the Company completed the Macquarie Acquisition on December 1, 2025, which resulted in the recognition of certain identifiable intangible assets. The following table presents finite-lived intangible assets by type as of March 31, 2025 and 2026.
|
|
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| |
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| |
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| |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
77,736 |
|
|
¥ |
(75,382 |
) |
|
¥ |
2,354 |
|
|
¥ |
197,727 |
|
|
¥ |
(84,144 |
) |
|
¥ |
113,583 |
|
|
|
|
3,218 |
|
|
|
(2,549 |
) |
|
|
669 |
|
|
|
3,513 |
|
|
|
(2,965 |
) |
|
|
548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
80,954 |
|
|
¥ |
(77,931 |
) |
|
¥ |
3,023 |
|
|
¥ |
201,240 |
|
|
¥ |
(87,109 |
) |
|
¥ |
114,131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Client relationships as of March 31, 2026 include intangible assets with a net carrying value of ¥112,659 million as of March 31, 2026 related to the Macquarie Acquisition described in Note 10 “ ” to the consolidated financial statements, weighted average amortization period for the corresponding intangible assets is 12 years. | expenses for the years ended March 31, 2024, 2025 and 2026 were ¥ 2,479 million, ¥ 2,552 million and ¥ 4,854 million, respectively. Estimated amortization expenses for the next five years are shown below.
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|
|
|
|
| |
|
|
|
Year ending March 31 |
|
|
|
|
|
¥ |
10,300 |
|
|
|
|
9,752 |
|
|
|
|
9,752 |
|
|
|
|
9,752 |
|
|
|
|
9,752 |
| The amounts of indefinite-lived intangibles, which primarily includes crypto assets and trademarks, were ¥ 53,123 million and ¥ 28,756 million as of March 31, 2025 and 2026, respectively. An annual impairment test was performed during the years ended March 31, 2025 and 2026 against these intangibles. The estimated fair value of each intangible exceeded carrying value and therefore no impairment loss was recognized. Asset retirement obligations Nomura recognizes a liability in the consolidated balances within Other liabilities – Other in respect of legal obligations incurred in connection with the restoration of leased property to its original condition at the end of the lease term. These asset retirement obligations (“AROs”) are recognized in the period when the legal obligation is incurred and are measured at the present value of the expected cost of the obligation. The following table presents changes in AROs during the years ended March 31, 2025 and 2026.
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|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
Balance at beginning of year |
|
¥ |
15,512 |
|
|
¥ |
16,193 |
|
|
|
|
161 |
|
|
|
757 |
|
|
|
|
(413 |
) |
|
|
(233 |
) |
Revisions in estimated cash flows |
|
|
933 |
|
|
|
5,219 |
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
16,193 |
|
|
¥ |
21,936 |
|
|
|
|
|
|
|
|
|
|
|