v3.26.1
Revenue from services provided to customers (Tables)
12 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenues by types of service
 
  
Millions of yen
 
 
  
Year ended March 31
 
 
  
2024
 
  
2025
 
  
2026
 
Commissions
   ¥ 364,095      ¥ 407,011      ¥ 455,289  
Fees from investment banking
     173,265        212,234        200,548  
Asset management and portfolio service fees
     310,154        378,196        468,600  
Other revenue
     48,971        71,221        79,735  
  
 
 
    
 
 
    
 
 
 
Total
   ¥ 896,485      ¥ 1,068,662      ¥ 1,204,172  
  
 
 
    
 
 
    
 
 
 
Schedule of Disaggregation of Brokerage Commissions Revenue
Commissions
represent revenue principally from trade execution, clearing services and distribution of fund units primarily provided by the Wealth Management Division, and to a lesser extent, the Wholesale Division. In addition, part of this revenue is included in the newly established Banking Division as of April 1, 2025. The following table shows a breakdown of
Commissions
for the years ended March 31, 2024, 2025 and 2026.
 
 
 
Millions of yen
 
 
 
Year ended March 31
 
 
 
2024
 
 
2025
 
 
2026
 
Brokerage commissions
  ¥ 242,687     ¥ 264,512     ¥ 295,192  
Commissions for distribution of investment trust
    56,241       66,108       66,345  
Other commissions
    65,167       76,391       93,752  
 
 
 
   
 
 
   
 
 
 
Total
  ¥ 364,095     ¥ 407,011     ¥ 455,289  
 
 
 
   
 
 
   
 
 
 
Schedule of Disaggregation of Investment Banking Revenue The following table shows the breakdown of
Fees from investment banking
for the years ended March 31, 2024, 2025 and 2026.
 
 
  
Millions of yen
 
 
  
Year ended March 31
 
 
  
2024
 
  
2025
 
  
2026
 
Equity underwriting and distribution fees
   ¥ 45,478      ¥ 52,930      ¥ 40,997  
Debt underwriting and distribution fees
     27,456        48,383        47,014  
Financial advisory fees
     61,560        78,674        83,031  
Other fees
     38,771        32,247        29,506  
  
 
 
    
 
 
    
 
 
 
Total
   ¥ 173,265      ¥ 212,234      ¥ 200,548  
  
 
 
    
 
 
    
 
 
 
Schedule of Disaggregation of Asset Management Fees and Custody Fee The following table shows the breakdown of
Asset management and portfolio service fees
for the years ended March 31, 2024, 2025 and 2026.
 
 
  
Millions of yen
 
 
  
Year ended March 31
 
 
  
2024
 
  
2025
 
  
2026
 
Asset management fees
   ¥ 193,468      ¥ 235,893      ¥ 311,710  
Administration fees
     88,201        109,092        120,570  
Custodial fees
     28,485        33,211        36,320  
  
 
 
    
 
 
    
 
 
 
Total
   ¥ 310,154      ¥ 378,196      ¥ 468,600  
  
 
 
    
 
 
    
 
 
 
Customer contract receivables, customer contract assets and customer contract liabilities
The following table presents the balances of customer contract receivables and contract liabilities in scope of ASC 606 as of March 31, 2025 and 2026. The balances of contract assets as of March 31, 2025 and 2026 were not significant.
 
 
  
Millions of yen
 
 
  
March 31
 
 
  
  2025 
 
  
  2026 
 
Customer contract receivables
  
¥
    114,158
 
  
¥
    143,413
 
Contract liabilities
(1)
  
 
5,276
 
  
 
6,004
 
 
(1)
Contract liabilities primarily rise from investment advisory services and are recognized over the term of the contract based on time elapsed.