v3.26.1
Borrowings (Tables)
12 Months Ended
Mar. 31, 2026
Borrowings [Abstract]  
Short-term and long-term borrowings
The following table presents short-term and long-term borrowings of Nomura as of March 31, 2025 and 2026.
 
    
Millions of yen
 
    
March 31
 
    
2025
    
2026
 
Short-term borrowings
(1)
:
     
Commercial paper
   ¥ 113,765      ¥ 90,795  
Bank borrowings
     341,561        700,802  
Other
     661,966        961,072  
  
 
 
    
 
 
 
Total
   ¥ 1,117,292      ¥ 1,752,669  
  
 
 
    
 
 
 
Long-term borrowings:
     
Long-term borrowings from banks and other financial institutions
(2)
   ¥ 4,213,264      ¥ 5,165,056  
Bonds and notes issued
(3)
:
     
Fixed-rate obligations:
     
Japanese Yen denominated
     1,170,404        1,116,741  
Non-Japanese
Yen denominated
     4,778,830        5,724,325  
Floating-rate obligations:
     
Japanese Yen denominated
     603,794        522,891  
Non-Japanese
Yen denominated
     708,559        841,213  
Index / Equity-linked obligations:
     
Japanese Yen denominated
     926,572        941,444  
Non-Japanese
Yen denominated
     510,126        687,917  
  
 
 
    
 
 
 
     8,698,285        9,834,531  
  
 
 
    
 
 
 
Subtotal
     12,911,549        14,999,587  
  
 
 
    
 
 
 
Trading balances of secured borrowings
     462,129        545,369  
  
 
 
    
 
 
 
Total
   ¥ 13,373,678      ¥ 15,544,956  
  
 
 
    
 
 
 
 
(1
)
Includes secured borrowings of ¥119,682 million and ¥113,315 million as of March 31, 2025 and March 31, 2026 respectively.
(2)
Includes secured borrowings of ¥472,328 million and ¥670,182 million as of March 31, 2025 and March 31, 2026 respectively.
(3)
Includes secured borrowings of ¥811,118 million and ¥720,958 million as of March 31, 2025 and March 31, 2026 respectively.
Long-term borrowings
Long-term borrowings consisted of the following:
 
    
Millions of yen
 
    
March 31
 
    
2025
    
2026
 
Debt issued by the Company
   ¥ 3,465,010      ¥ 3,872,736  
Debt issued by subsidiaries
guaranteed by the Company
(1)
     6,568,898        7,923,892  
Debt issued by subsidiaries
not guaranteed by the Company
(1)
     3,339,770        3,748,328  
  
 
 
    
 
 
 
Total
   ¥ 13,373,678      ¥ 15,544,956  
  
 
 
    
 
 
 
 
(1)
Includes trading balances of secured borrowings.
Effective weighted-average interest rates of borrowings
The following table presents the effective weighted-average interest rates of borrowings, including the effect of fair value hedges, as of March 31, 2025 and 2026.
 
    
March 31
 
    
 2025 
   
 2026 
 
Short-term borrowings
     2.77     2.75
Long-term borrowings
     3.19     3.01
Fixed-rate obligations
     3.77     3.28
Floating-rate obligations
     2.74     2.78
Index / Equity-linked obligations
     1.99     2.52
Maturities of long-term borrowings
The following table presents the aggregate annual maturities of long-term borrowings, including adjustments related to fair value hedges and liabilities measured at fair value, as of March 31, 2026:
 
Year ending March 31
  
Millions of yen
 
2027
   ¥ 1,431,899  
2028
     1,759,717  
2029
     1,862,534  
2030
     1,754,773  
2031
     1,973,293  
2032 and thereafter
     6,217,371  
  
 
 
 
Subtotal
     14,999,587  
  
 
 
 
Trading balances of secured borrowings
     545,369  
  
 
 
 
Total
   ¥ 15,544,956