FORM 6-K/A
Table of Contents

 

 

FORM 6-K/A

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Commission File Number: 1-15270

For the month of May 2014

NOMURA HOLDINGS, INC.

(Translation of registrant’s name into English)

9-1, Nihonbashi 1-chome

Chuo-ku, Tokyo 103-8645

Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F       X             Form 40-F              

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

 

 

 

 


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Information furnished on this form:

EXHIBITS

 

Exhibit Number
1.    Correction to “(English Translation) Quarterly Securities Report Pursuant to the Financial Instruments and Exchange Act for the Three Months Ended June 30, 2013”, furnished as Exhibit 1 to the report on Form 6-K on August 30, 2013”

The registrant hereby incorporates Exhibit 1 to this report on Form 6-K by reference (i) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-169682) of the registrant and Nomura America Finance, LLC, filed with the Securities and Exchange Commission (“SEC”) on September 30, 2010 and (ii) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-186755) of the registrant, filed with the SEC on February 20, 2013.

EXPLANATORY NOTE: The registrant furnished to the SEC a report on Form 6-K on August 30, 2013. The registrant is furnishing this Form 6-K/A in order to amend certain information in Exhibit 1 “(English Translation) Quarterly Securities Report Pursuant to the Financial Instruments and Exchange Act for the Three Months Ended June 30, 2013” furnished on Form 6-K on August 30, 2013, as shown in Exhibit 1 to this report.

As shown in Exhibit 1 to this Form 6-K/A, amended portions are indicated by “underline” and relate to the following:

Part I Corporate Information

Item 1. Information on Company and Its Subsidiaries and Affiliates

1. Selected Financial Data

Item 3. Company Information

1. Share Capital Information

(7) Voting Rights

A. Outstanding Shares

B. Treasury Stocks

Item 4. Financial Information

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets (UNAUDITED)

(4) Consolidated Statements of Changes in Equity (UNAUDITED)

(5) Consolidated Statements of Cash Flows (UNAUDITED)

Notes to the Consolidated Financial Statements (UNAUDITED)

11. Earnings per share


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NOMURA HOLDINGS, INC.
Date: May 30, 2014   By:  

/s/ Hajime Ikeda

    Hajime Ikeda
    Managing Director


Table of Contents

Exhibit 1

 

Part I Corporate Information

Item 1. Information on Company and Its Subsidiaries and Affiliates

1. Selected Financial Data

(Before Correction)

 

         Three months
ended
June 30,
2012
    Three months
ended
June 30,
2013
    Year ended
March 31,
2013
 

Total revenue

   (Mil yen)     439,593        505,270        2,079,943   

Net revenue

   (Mil yen)     369,254        431,321        1,813,631   

Income before income taxes

   (Mil yen)     19,666        113,219        237,730   

Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders

   (Mil yen)     1,891        65,894        107,234   

Comprehensive income (loss) attributable to NHI shareholders

   (Mil yen)     (13,306     97,479        194,988   

Total equity

   (Mil yen)     2,388,857        2,394,869        2,318,983   

Total assets

   (Mil yen)     35,254,342        41,954,813        37,942,439   

Net income attributable to NHI shareholders per share—basic

   (Yen)     0.51        17.78        29.04   

Net income attributable to NHI shareholders per share—diluted

   (Yen)     0.50        17.24        28.37   

Total NHI shareholders’ equity as a percentage of total assets

   (%)     6.0        5.6        6.0   

Cash flows from operating activities

   (Mil yen)     (216,125     98,077        549,501   

Cash flows from investing activities

   (Mil yen)     (100,607     (163,006     (160,486

Cash flows from financing activities

   (Mil yen)     (47,292     441,741        (701,623

Cash and cash equivalents at end of the period

   (Mil yen)     693,713        1,201,766        805,087   

 

1 The selected financial data of Nomura Holdings, Inc. (“Company”) and other entities in which it has a controlling financial interest (collectively referred to as “Nomura”, “we”, “our”, or “us”) are stated in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”).
2 Taxable transactions do not include consumption taxes and local consumption taxes.
3 As the consolidated financial statements have been prepared, selected financial data on the Company are not disclosed.


Table of Contents

(After Correction)

 

         Three months
ended
June 30,
2012
    Three months
ended
June 30,
2013
    Year ended
March 31,
2013
 

Total revenue

   (Mil yen)     439,593        505,270        2,079,943   

Net revenue

   (Mil yen)     369,254        431,321        1,813,631   

Income before income taxes

   (Mil yen)     19,666        113,219        237,730   

Net income attributable to Nomura Holdings, Inc. (“NHI”) shareholders

   (Mil yen)     1,891        65,894        107,234   

Comprehensive income (loss) attributable to NHI shareholders

   (Mil yen)     (13,306     97,479        194,988   

Total equity

   (Mil yen)     2,388,857        2,394,858        2,318,983   

Total assets

   (Mil yen)     35,254,342        41,954,802        37,942,439   

Net income attributable to NHI shareholders per share—basic

   (Yen)     0.51        17.78        29.04   

Net income attributable to NHI shareholders per share—diluted

   (Yen)     0.50        17.24        28.37   

Total NHI shareholders’ equity as a percentage of total assets

   (%)     6.0        5.6        6.0   

Cash flows from operating activities

   (Mil yen)     (216,125     98,088        549,501   

Cash flows from investing activities

   (Mil yen)     (100,607     (163,006     (160,486

Cash flows from financing activities

   (Mil yen)     (47,292     441,730        (701,623

Cash and cash equivalents at end of the period

   (Mil yen)     693,713        1,201,766        805,087   

 

1 The selected financial data of Nomura Holdings, Inc. (“Company”) and other entities in which it has a controlling financial interest (collectively referred to as “Nomura”, “we”, “our”, or “us”) are stated in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”).
2 Taxable transactions do not include consumption taxes and local consumption taxes.
3 As the consolidated financial statements have been prepared, selected financial data on the Company are not disclosed.


Table of Contents

Item 2. Operating and Financial Review

3. Operating, Financial and Cash Flows Analysis

Item 3. Company Information

1. Share Capital Information

(7) Voting Rights

A. Outstanding Shares

(Before Correction)

 

     As of June 30, 2013  
     Number of Shares     Number of Votes      Description  

Stock without voting right

     —         —          —    

Stock with limited voting right (Treasury stocks, etc.)

     —         —          —    

Stock with limited voting right (Others)

     —         —          —    

Stock with full voting right (Treasury stocks, etc.)

     (Treasury Stocks     —          —    
    

 

Common stock 119,704,500

(Crossholding Stocks

  

    —          —    
     Common stock 4,105,000        

Stock with full voting right (Others)

     Common stock 3,696,949,900        36,969,499         —    

Shares less than 1 unit

     Common stock 1,803,201        —         

 

Shares less than 1 unit

(100 shares)

  

  

  

 

 

   

 

 

    

 

 

 

Total Shares Issued

     3,822,562,601        —          —    
  

 

 

   

 

 

    

 

 

 

Voting Rights of Total Shareholders

     —         36,969,499         —    
  

 

 

   

 

 

    

 

 

 

 

2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 49 shares of treasury stocks are included in “Shares less than 1 unit.”

(After Correction)

 

     As of June 30, 2013  
     Number of Shares     Number of Votes      Description  

Stock without voting right

     —         —          —    

Stock with limited voting right (Treasury stocks, etc.)

     —         —          —    

Stock with limited voting right (Others)

     —         —          —    

Stock with full voting right (Treasury stocks, etc.)

     (Treasury Stocks     —          —    
    

 

Common stock 119,704,500

(Crossholding Stocks

  

    —          —    
     Common stock 4,120,900        

Stock with full voting right (Others)

     Common stock 3,696,934,000        36,969,340         —    

Shares less than 1 unit

     Common stock 1,803,201        —         

 

Shares less than 1 unit

(100 shares)

  

  

  

 

 

   

 

 

    

 

 

 

Total Shares Issued

     3,822,562,601        —          —    
  

 

 

   

 

 

    

 

 

 

Voting Rights of Total Shareholders

     —         36,969,340         —    
  

 

 

   

 

 

    

 

 

 

 

2,000 shares held by Japan Securities Depository Center, Inc. are included in “Stock with full voting right (Others).” 49 shares of treasury stocks are included in “Shares less than 1 unit.”


Table of Contents

B. Treasury Stocks

(Before Correction)

 

          As of June 30, 2013  

Name

   Address    Directly
held
shares
     Indirectly
held
shares
     Total      Percentage of
Issued Shares
(%)
 

(Treasury Stocks)

              

Nomura Holdings, Inc.

   1-9-1, Nihonbashi, Chuo-Ku,

Tokyo, Japan

     119,704,500         —          119,704,500         3.13   

(Crossholding Stocks)

              

JAFCO Co., Ltd.

   1-5-1, Otemachi, Chiyoda-ku,

Tokyo, Japan

     2,000,000         —          2,000,000         0.05   

Nomura Research Institute, Ltd.

   1-6-5, Marunouchi, Chiyoda-Ku,

Tokyo, Japan

     1,000,000         —          1,000,000         0.03   

Nomura Real Estate Development Co., Ltd.

   1-26-2, Nishi Shinjuku,

Shinjuku-Ku, Tokyo, Japan

     1,000,000         —          1,000,000         0.03   

Takagi Securities Co., Ltd.

   1-3-1-400, Umeda, Kita-Ku,

Osaka-Shi, Osaka, Japan

     100,000         —          100,000         0.00   

Nomura Japan Corporation.

   2-1-3 Nihonbashi

Horidomecho, Chuo-Ku,

Tokyo, Japan

     5,000         —          5,000         0.00   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total

        123,809,500         —          123,809,500         3.24   
     

 

 

    

 

 

    

 

 

    

 

 

 

(After Correction)

 

          As of June 30, 2013  

Name

   Address    Directly
held
shares
     Indirectly
held
shares
     Total      Percentage of
Issued Shares
(%)
 

(Treasury Stocks)

              

Nomura Holdings, Inc.

   1-9-1, Nihonbashi, Chuo-Ku,

Tokyo, Japan

     119,704,500         —          119,704,500         3.13   

(Crossholding Stocks)

              

JAFCO Co., Ltd.

   1-5-1, Otemachi, Chiyoda-ku,

Tokyo, Japan

     2,000,000         —          2,000,000         0.05   

Nomura Research Institute, Ltd.

   1-6-5, Marunouchi, Chiyoda-Ku,

Tokyo, Japan

     1,000,000         —          1,000,000         0.03   

Nomura Real Estate Development Co., Ltd.

   1-26-2, Nishi Shinjuku,

Shinjuku-Ku, Tokyo, Japan

     1,000,000         —          1,000,000         0.03   

Takagi Securities Co., Ltd.

   1-3-1-400, Umeda, Kita-Ku,

Osaka-Shi, Osaka, Japan

     100,000         —          100,000         0.00   

Nomura International plc

   1 Angel Lane, London,
United Kingdom
     15,900         —          15,900         0.00   

Nomura Japan Corporation.

   2-1-3 Nihonbashi

Horidomecho, Chuo-Ku,

Tokyo, Japan

     5,000         —          5,000         0.00   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total

        123,825,400         —          123,825,400         3.24   
     

 

 

    

 

 

    

 

 

    

 

 

 


Table of Contents

Item 4. Financial Information

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets (UNAUDITED)

(Before Correction)

 

     Notes      Millions of yen  
        March 31,
2013
    June 30,
2013
 
ASSETS        

Cash and cash deposits:

       

Cash and cash equivalents

      ¥ 805,087      ¥ 1,201,766   

Time deposits

        577,921        642,909   

Deposits with stock exchanges and other segregated cash

        269,744        331,753   
     

 

 

   

 

 

 

Total cash and cash deposits

        1,652,752        2,176,428   
     

 

 

   

 

 

 

Loans and receivables:

       

Loans receivable (including ¥524,049 million and ¥237,764 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 7         1,575,494        1,338,404   

Receivables from customers

        63,792        59,771   

Receivables from other than customers

        992,847        807,501   

Allowance for doubtful accounts

     *7         (2,258     (3,445
     

 

 

   

 

 

 

Total loans and receivables

        2,629,875        2,202,231   
     

 

 

   

 

 

 

Collateralized agreements:

       

Securities purchased under agreements to resell (including ¥997,788 million and ¥1,189,063 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         8,295,372        10,120,178   

Securities borrowed

        5,819,885        6,609,875   
     

 

 

   

 

 

 

Total collateralized agreements

        14,115,257        16,730,053   
     

 

 

   

 

 

 

Trading assets and private equity investments:

       

Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥7,064,344 million as of March 31, 2013 and June 30, 2013, respectively; including ¥19,970 million and ¥20,737 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 3         17,037,191        18,107,486   

Private equity investments (including ¥44,134 million and ¥43,791 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         87,158        88,444   
     

 

 

   

 

 

 

Total trading assets and private equity investments

        17,124,349        18,195,930   
     

 

 

   

 

 

 

Other assets:

       

Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥366,580 million as of June 30, 2013)

        428,241        434,256   

Non-trading debt securities

     *2, 5         920,611        1,074,987   

Investments in equity securities

     *2         123,490        130,679   

Investments in and advances to affiliated companies

     *7         345,705        352,847   

Other (including ¥1,632 million and ¥1,545 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 5, 10         602,159        657,402   
     

 

 

   

 

 

 

Total other assets

        2,420,206        2,650,171   
     

 

 

   

 

 

 

Total assets

      ¥ 37,942,439      ¥ 41,954,813   
     

 

 

   

 

 

 


Table of Contents

(1) Consolidated Balance Sheets—(Continued) (UNAUDITED)

 

            Millions of yen  
     Notes      March 31,
2013
    June 30,
2013
 
LIABILITIES AND EQUITY        

Short-term borrowings (including ¥77,036 million and ¥65,442 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2       ¥ 738,445      ¥ 973,036   

Payables and deposits:

       

Payables to customers

        476,705        630,631   

Payables to other than customers

        864,962        1,487,597   

Deposits received at banks

        1,072,134        1,275,199   
     

 

 

   

 

 

 

Total payables and deposits

        2,413,801        3,393,427   
     

 

 

   

 

 

 

Collateralized financing:

       

Securities sold under agreements to repurchase (including ¥264,767 million and ¥404,395 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         12,444,317        13,725,503   

Securities loaned

        2,158,559        2,340,133   

Other secured borrowings

        806,507        842,258   
     

 

 

   

 

 

 

Total collateralized financing

        15,409,383        16,907,894   
     

 

 

   

 

 

 

Trading liabilities

     *2, 3         8,491,296        9,670,942   

Other liabilities (including ¥2,360 million and ¥2,299 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 10         978,163        919,705   

Long-term borrowings (including ¥1,664,536 million and ¥1,688,262 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         7,592,368        7,694,940   
     

 

 

   

 

 

 

Total liabilities

        35,623,456        39,559,944   
     

 

 

   

 

 

 

Commitments and contingencies

     *16        

Equity:

       

Nomura Holdings, Inc. (“NHI”) shareholders’ equity:

       

Common stock

       

No par value share

       

Authorized—6,000,000,000 shares as of March 31, 2013 and June 30, 2013 Issued—3,822,562,601 shares as of March 31, 2013 and June 30, 2013 Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,701,613,271 shares as of June 30, 2013

        594,493        594,493   

Additional paid-in capital

        691,264        680,857   

Retained earnings

        1,136,523        1,202,417   

Accumulated other comprehensive income (loss)

     *15         (57,395     (25,810
     

 

 

   

 

 

 

Total NHI shareholders’ equity before treasury stock

        2,364,885        2,451,957   

Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 120,949,330 shares as of June 30, 2013

        (70,514     (82,950 ) 
     

 

 

   

 

 

 

Total NHI shareholders’ equity

        2,294,371        2,369,007   
     

 

 

   

 

 

 

Noncontrolling interests

        24,612        25,862   

Total equity

        2,318,983        2,394,869   
     

 

 

   

 

 

 

Total liabilities and equity

      ¥ 37,942,439      ¥ 41,954,813   
     

 

 

   

 

 

 


Table of Contents

(After Correction)

 

            Millions of yen  
     Notes      March 31,
2013
    June 30,
2013
 
ASSETS        

Cash and cash deposits:

       

Cash and cash equivalents

      ¥ 805,087      ¥ 1,201,766   

Time deposits

        577,921        642,909   

Deposits with stock exchanges and other segregated cash

        269,744        331,753   
     

 

 

   

 

 

 

Total cash and cash deposits

        1,652,752        2,176,428   
     

 

 

   

 

 

 

Loans and receivables:

       

Loans receivable (including ¥524,049 million and ¥237,764 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 7         1,575,494        1,338,404   

Receivables from customers

        63,792        59,771   

Receivables from other than customers

        992,847        807,501   

Allowance for doubtful accounts

     *7         (2,258     (3,445
     

 

 

   

 

 

 

Total loans and receivables

        2,629,875        2,202,231   
     

 

 

   

 

 

 

Collateralized agreements:

       

Securities purchased under agreements to resell (including ¥997,788 million and ¥1,189,063 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         8,295,372        10,120,178   

Securities borrowed

        5,819,885        6,609,875   
     

 

 

   

 

 

 

Total collateralized agreements

        14,115,257        16,730,053   
     

 

 

   

 

 

 

Trading assets and private equity investments:

       

Trading assets (including securities pledged as collateral of ¥7,707,813 million and ¥7,064,344 million as of March 31, 2013 and June 30, 2013, respectively; including ¥19,970 million and ¥20,737 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 3         17,037,191        18,107,475   

Private equity investments (including ¥44,134 million and ¥43,791 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         87,158        88,444   
     

 

 

   

 

 

 

Total trading assets and private equity investments

        17,124,349        18,195,919   
     

 

 

   

 

 

 

Other assets:

       

Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥355,831 million as of March 31, 2013 and ¥366,580 million as of June 30, 2013)

        428,241        434,256   

Non-trading debt securities

     *2, 5         920,611        1,074,987   

Investments in equity securities

     *2         123,490        130,679   

Investments in and advances to affiliated companies

     *7         345,705        352,847   

Other (including ¥1,632 million and ¥1,545 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 5, 10         602,159        657,402   
     

 

 

   

 

 

 

Total other assets

        2,420,206        2,650,171   
     

 

 

   

 

 

 

Total assets

      ¥ 37,942,439      ¥ 41,954,802   
     

 

 

   

 

 

 


Table of Contents
            Millions of yen  
     Notes      March 31,
2013
    June 30,
2013
 
LIABILITIES AND EQUITY        

Short-term borrowings (including ¥77,036 million and ¥65,442 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2       ¥ 738,445      ¥ 973,036   

Payables and deposits:

       

Payables to customers

        476,705        630,631   

Payables to other than customers

        864,962        1,487,597   

Deposits received at banks

        1,072,134        1,275,199   
     

 

 

   

 

 

 

Total payables and deposits

        2,413,801        3,393,427   
     

 

 

   

 

 

 

Collateralized financing:

       

Securities sold under agreements to repurchase (including ¥264,767 million and ¥404,395 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         12,444,317        13,725,503   

Securities loaned

        2,158,559        2,340,133   

Other secured borrowings

        806,507        842,258   
     

 

 

   

 

 

 

Total collateralized financing

        15,409,383        16,907,894   
     

 

 

   

 

 

 

Trading liabilities

     *2, 3         8,491,296        9,670,942   

Other liabilities (including ¥2,360 million and ¥2,299 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2, 10         978,163        919,705   

Long-term borrowings (including ¥1,664,536 million and ¥1,688,262 million measured at fair value by applying the fair value option as of March 31, 2013 and June 30, 2013, respectively)

     *2         7,592,368        7,694,940   
     

 

 

   

 

 

 

Total liabilities

        35,623,456        39,559,944   
     

 

 

   

 

 

 

Commitments and contingencies

     *16        

Equity:

       

Nomura Holdings, Inc. (“NHI”) shareholders’ equity:

       

Common stock

       

No par value share

       

Authorized—6,000,000,000 shares as of March 31, 2013 and June 30, 2013 Issued—3,822,562,601 shares as of March 31, 2013 and June 30, 2013 Outstanding—3,710,960,252 shares as of March 31, 2013 and 3,701,597,371 shares as of June 30, 2013

        594,493        594,493   

Additional paid-in capital

        691,264        680,857   

Retained earnings

        1,136,523        1,202,417   

Accumulated other comprehensive income (loss)

     *15         (57,395     (25,810
     

 

 

   

 

 

 

Total NHI shareholders’ equity before treasury stock

        2,364,885        2,451,957   

Common stock held in treasury, at cost—111,602,349 shares as of March 31, 2013 and 120,965,230 shares as of June 30, 2013

        (70,514     (82,961 ) 
     

 

 

   

 

 

 

Total NHI shareholders’ equity

        2,294,371        2,368,996   
     

 

 

   

 

 

 

Noncontrolling interests

        24,612        25,862   

Total equity

        2,318,983        2,394,858   
     

 

 

   

 

 

 

Total liabilities and equity

      ¥ 37,942,439      ¥ 41,954,802   
     

 

 

   

 

 

 


Table of Contents

(4) Consolidated Statements of Changes in Equity (UNAUDITED)

(Before Correction)

 

     Millions of yen  
     Three months ended June 30  
     2012     2013  

Common stock

    

Balance at beginning of year

   ¥ 594,493      ¥ 594,493   
  

 

 

   

 

 

 

Balance at end of period

     594,493        594,493   
  

 

 

   

 

 

 

Additional paid-in capital

    

Balance at beginning of year

     698,771        691,264   

Gain (loss) on sales of treasury stock

     (515     (4,315

Issuance and exercise of common stock options

     (9,126     (6,092
  

 

 

   

 

 

 

Balance at end of period

     689,130        680,857   
  

 

 

   

 

 

 

Retained earnings

    

Balance at beginning of year

     1,058,945        1,136,523   

Net income attributable to NHI shareholders

     1,891        65,894   
  

 

 

   

 

 

 

Balance at end of period

     1,060,836        1,202,417   
  

 

 

   

 

 

 

Accumulated other comprehensive income (loss)

    

Cumulative translation adjustments

    

Balance at beginning of year

     (110,652     (38,875

Net change during the period

     (17,156     32,343   
  

 

 

   

 

 

 

Balance at end of period

     (127,808     (6,532
  

 

 

   

 

 

 

Defined benefit pension plans

    

Balance at beginning of year

     (35,132     (28,518

Pension liability adjustment

     2,818        1,024   
  

 

 

   

 

 

 

Balance at end of period

     (32,314     (27,494
  

 

 

   

 

 

 

Non-trading securities

    

Balance at beginning of year

     635        9,998   

Net unrealized gain (loss) on non-trading securities

     (859     (1,782
  

 

 

   

 

 

 

Balance at end of period

     (224     8,216   
  

 

 

   

 

 

 

Balance at end of period

     (160,346     (25,810
  

 

 

   

 

 

 

Common stock held in treasury

    

Balance at beginning of year

     (99,819     (70,514

Repurchases of common stock

     (1     (32,476 ) 

Sales of common stock

     0        0   

Common stock issued to employees

     15,623        19,373   

Other net change in treasury stock

     (193     667   
  

 

 

   

 

 

 

Balance at end of period

     (84,390     (82,950 ) 
  

 

 

   

 

 

 

Total NHI shareholders’ equity

    

Balance at end of period

     2,099,723        2,369,007   
  

 

 

   

 

 

 

Noncontrolling interests

    

Balance at beginning of year

     281,896        24,612   

Cash dividends

     (15     —    

Net income attributable to noncontrolling interests

     4,185        369   

Accumulated other comprehensive income (loss) attributable to noncontrolling interests

     (599     51   

Other net change in noncontrolling interests

     3,667        830   
  

 

 

   

 

 

 

Balance at end of period

     289,134        25,862   
  

 

 

   

 

 

 

Total equity

    

Balance at end of period

   ¥ 2,388,857      ¥ 2,394,869   
  

 

 

   

 

 

 


Table of Contents

(After Correction)

 

     Millions of yen  
     Three months ended June 30  
     2012     2013  

Common stock

    

Balance at beginning of year

   ¥ 594,493      ¥ 594,493   
  

 

 

   

 

 

 

Balance at end of period

     594,493        594,493   
  

 

 

   

 

 

 

Additional paid-in capital

    

Balance at beginning of year

     698,771        691,264   

Gain (loss) on sales of treasury stock

     (515     (4,315

Issuance and exercise of common stock options

     (9,126     (6,092
  

 

 

   

 

 

 

Balance at end of period

     689,130        680,857   
  

 

 

   

 

 

 

Retained earnings

    

Balance at beginning of year

     1,058,945        1,136,523   

Net income attributable to NHI shareholders

     1,891        65,894   
  

 

 

   

 

 

 

Balance at end of period

     1,060,836        1,202,417   
  

 

 

   

 

 

 

Accumulated other comprehensive income (loss)

    

Cumulative translation adjustments

    

Balance at beginning of year

     (110,652     (38,875

Net change during the period

     (17,156     32,343   
  

 

 

   

 

 

 

Balance at end of period

     (127,808     (6,532
  

 

 

   

 

 

 

Defined benefit pension plans

    

Balance at beginning of year

     (35,132     (28,518

Pension liability adjustment

     2,818        1,024   
  

 

 

   

 

 

 

Balance at end of period

     (32,314     (27,494
  

 

 

   

 

 

 

Non-trading securities

    

Balance at beginning of year

     635        9,998   

Net unrealized gain (loss) on non-trading securities

     (859     (1,782
  

 

 

   

 

 

 

Balance at end of period

     (224     8,216   
  

 

 

   

 

 

 

Balance at end of period

     (160,346     (25,810
  

 

 

   

 

 

 

Common stock held in treasury

    

Balance at beginning of year

     (99,819     (70,514

Repurchases of common stock

     (1     (32,487 ) 

Sales of common stock

     0        0   

Common stock issued to employees

     15,623        19,373   

Other net change in treasury stock

     (193     667   
  

 

 

   

 

 

 

Balance at end of period

     (84,390     (82,961 ) 
  

 

 

   

 

 

 

Total NHI shareholders’ equity

    

Balance at end of period

     2,099,723        2,368,996   
  

 

 

   

 

 

 

Noncontrolling interests

    

Balance at beginning of year

     281,896        24,612   

Cash dividends

     (15      

Net income attributable to noncontrolling interests

     4,185        369   

Accumulated other comprehensive income (loss) attributable to noncontrolling interests

     (599     51   

Other net change in noncontrolling interests

     3,667        830   
  

 

 

   

 

 

 

Balance at end of period

     289,134        25,862   
  

 

 

   

 

 

 

Total equity

    

Balance at end of period

   ¥ 2,388,857      ¥ 2,394,858   
  

 

 

   

 

 

 


Table of Contents

(5) Consolidated Statements of Cash Flows (UNAUDITED)

(Before Correction)

 

     Millions of yen  
     Three months ended June 30  
     2012     2013  

Cash flows from operating activities:

    

Net income

   ¥ 6,076      ¥ 66,263   

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

    

Depreciation and amortization

     22,851        20,472   

(Gain) loss on investments in equity securities

     7,061        (7,852

Deferred income taxes

     9,681        5,215   

Changes in operating assets and liabilities:

    

Time deposits

     88,826        (33,982

Deposits with stock exchanges and other segregated cash

     58,816        (50,272

Trading assets and private equity investments

     (1,327,494     (434,781 ) 

Trading liabilities

     (915,724     872,424   

Securities purchased under agreements to resell, net of securities sold under agreements to repurchase

     533,669        (738,964

Securities borrowed, net of securities loaned

     1,437,400        (552,350

Other secured borrowings

     (21,696     35,751   

Loans and receivables, net of allowance for doubtful accounts

     46,034        492,990   

Payables

     (134,057     752,743   

Bonus accrual

     (73,311     (70,896

Accrued income taxes, net

     (16,037     (45,196

Other, net

     61,780        (213,488
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     (216,125     98,077   
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Payments for purchases of office buildings, land, equipment and facilities

     (55,987     (65,317

Proceeds from sales of office buildings, land, equipment and facilities

     19,078        51,787   

Payments for purchases of investments in equity securities

     (70     —    

Proceeds from sales of investments in equity securities

     90        2,235   

Decrease (increase) in loans receivable at banks, net

     (17,450     12,641   

Increase in non-trading debt securities, net

     (45,875     (164,436

Other, net

     (393     84   
  

 

 

   

 

 

 

Net cash used in investing activities

     (100,607     (163,006
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Increase in long-term borrowings

     406,986        583,418   

Decrease in long-term borrowings

     (515,302     (492,504

Increase in short-term borrowings, net

     65,359        230,784   

Increase in deposits received at banks, net

     2,975        174,595   

Proceeds from sales of common stock held in treasury

     25        209   

Payments for repurchases of common stock held in treasury

     (1     (32,476 ) 

Payments for cash dividends

     (7,334     (22,285
  

 

 

   

 

 

 

Net cash provided by (used in) financing activities

     (47,292     441,741   
  

 

 

   

 

 

 

Effect of exchange rate changes on cash and cash equivalents

     (12,783     19,867   
  

 

 

   

 

 

 

Net increase (decrease) in cash and cash equivalents

     (376,807     396,679   

Cash and cash equivalents at beginning of year

     1,070,520        805,087   
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

   ¥ 693,713      ¥ 1,201,766   
  

 

 

   

 

 

 


Table of Contents

(After Correction)

 

     Millions of yen  
     Three months ended June 30  
     2012     2013  

Cash flows from operating activities:

    

Net income

   ¥ 6,076      ¥ 66,263   

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

    

Depreciation and amortization

     22,851        20,472   

(Gain) loss on investments in equity securities

     7,061        (7,852

Deferred income taxes

     9,681        5,215   

Changes in operating assets and liabilities:

    

Time deposits

     88,826        (33,982

Deposits with stock exchanges and other segregated cash

     58,816        (50,272

Trading assets and private equity investments

     (1,327,494     (434,770 ) 

Trading liabilities

     (915,724     872,424   

Securities purchased under agreements to resell, net of securities sold under agreements to repurchase

     533,669        (738,964

Securities borrowed, net of securities loaned

     1,437,400        (552,350

Other secured borrowings

     (21,696     35,751   

Loans and receivables, net of allowance for doubtful accounts

     46,034        492,990   

Payables

     (134,057     752,743   

Bonus accrual

     (73,311     (70,896

Accrued income taxes, net

     (16,037     (45,196

Other, net

     61,780        (213,488
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     (216,125     98,088   
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Payments for purchases of office buildings, land, equipment and facilities

     (55,987     (65,317

Proceeds from sales of office buildings, land, equipment and facilities

     19,078        51,787   

Payments for purchases of investments in equity securities

     (70     —    

Proceeds from sales of investments in equity securities

     90        2,235   

Decrease (increase) in loans receivable at banks, net

     (17,450     12,641   

Increase in non-trading debt securities, net

     (45,875     (164,436

Other, net

     (393     84   
  

 

 

   

 

 

 

Net cash used in investing activities

     (100,607     (163,006
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Increase in long-term borrowings

     406,986        583,418   

Decrease in long-term borrowings

     (515,302     (492,504

Increase in short-term borrowings, net

     65,359        230,784   

Increase in deposits received at banks, net

     2,975        174,595   

Proceeds from sales of common stock held in treasury

     25        209   

Payments for repurchases of common stock held in treasury

     (1     (32,487 ) 

Payments for cash dividends

     (7,334     (22,285
  

 

 

   

 

 

 

Net cash provided by (used in) financing activities

     (47,292     441,730   
  

 

 

   

 

 

 

Effect of exchange rate changes on cash and cash equivalents

     (12,783     19,867   
  

 

 

   

 

 

 

Net increase (decrease) in cash and cash equivalents

     (376,807     396,679   

Cash and cash equivalents at beginning of year

     1,070,520        805,087   
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

   ¥ 693,713      ¥ 1,201,766   
  

 

 

   

 

 

 


Table of Contents

Notes to the Consolidated Financial Statements (UNAUDITED)

11. Earnings per share:

(Before Correction)

A reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) is as follows:

 

     Millions of yen
except per share data
presented in yen
 
     Three months ended June 30  
     2012      2013  

Basic—

     

Net income attributable to NHI shareholders

   ¥ 1,891       ¥ 65,894   

Weighted average number of shares outstanding

     3,674,586,163         3,705,893,380   

Net income attributable to NHI shareholders per share

   ¥ 0.51       ¥ 17.78   
  

 

 

    

 

 

 

Diluted—

     

Net income attributable to NHI shareholders

   ¥ 1,881       ¥ 65,875   

Weighted average number of shares outstanding

     3,737,346,969         3,821,844,966   

Net income attributable to NHI shareholders per share

   ¥ 0.50       ¥ 17.24   
  

 

 

    

 

 

 

(After Correction)

A reconciliation of the amounts and the numbers used in the calculation of net income attributable to NHI shareholders per share (basic and diluted) is as follows:

 

     Millions of yen
except per share data
presented in yen
 
     Three months ended June 30  
     2012      2013  

Basic—

     

Net income attributable to NHI shareholders

   ¥ 1,891       ¥ 65,894   

Weighted average number of shares outstanding

     3,674,586,163         3,705,889,405   

Net income attributable to NHI shareholders per share

   ¥ 0.51       ¥ 17.78   
  

 

 

    

 

 

 

Diluted—

     

Net income attributable to NHI shareholders

   ¥ 1,881       ¥ 65,874   

Weighted average number of shares outstanding

     3,737,346,969         3,821,840,991   

Net income attributable to NHI shareholders per share

   ¥ 0.50       ¥ 17.24