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FORM 6-K

 

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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

Supplement for the month of July 2007.

 

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NOMURA HOLDINGS, INC.

(Translation of registrant’s name into English)

 

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9-1, Nihonbashi 1-chome

Chuo-ku, Tokyo 103-8645

Japan

(Address of principal executive offices)

 

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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):             

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                      No     X    

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .

 

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Information furnished on this form:

EXHIBIT

Exhibit Number

 

1.		Financial Highlights – Three months ended June 2007
2.		Nomura Reports First Quarter Financial Results
3.		Notification of Impairment of Investments in Subsidiaries and Affiliates in Unconsolidated Financial Statements

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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: July 25, 2007						By:		/s/ Toshio Hirota
								Toshio Hirota Executive Managing Director

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Financial Highlights For the Three Months Ended June 30, 2007 (US GAAP)

 

Date:		July 25, 2007
Company name (code number):		Nomura Holdings, Inc. (8604)
Stock exchange listings:		(In Japan) Tokyo, Osaka, Nagoya
		(Overseas) New York, Singapore
Representative:		Nobuyuki Koga
		President and Chief Executive Officer, Nomura Holdings, Inc.
For inquiries:		Tomoyuki Funabiki
		Managing Director, Investor Relations Department, Nomura Holdings, Inc.
		Tel: (Country Code 81) 3-3211-1811
		URL http://www.nomura.com

 

1.	Consolidated Operating Results

 

(1)	Operating Results

 

		For the three months ended June 30									For the year ended March 31
		2007						2006			2007
		(Yen amounts in millions, except per share data)
					% Change from June 30, 2006
Total revenue		682,701			69.9	%		401,730			2,049,101
Net revenue		380,737			84.9	%		205,934			1,091,101
Income before income taxes		142,834			327.6	%		33,404			321,758
Net income		76,742			281.1	%		20,138			175,828
Basic net income per share		40.22						10.52			92.25
Diluted net income per share		40.09						10.50			92.00
Net income to shareholders’ equity (ROE)		13.7	%					3.9	%		8.3	%

 

(2)	Financial Position

 

		At June 30						At March 31
		2007			2006			2007
		(Yen amounts in millions, except per share data)
Total assets		37,368,364			31,552,939			35,873,374
Shareholders’ equity		2,284,350			2,076,754			2,185,919
Shareholders’ equity as a percentage of total assets		6.1	%		6.6	%		6.1	%
Shareholders’ equity per share		1,197.00			1,089.69			1,146.23

 

2.	Cash dividends

 

Record date: June 30, 2006		8.0 Yen per share for the three months ended June 30, 2006
Record date: June 30, 2007		8.5 Yen per share for the three months ended June 30, 2007

 

3.	Earnings forecasts for the year ending March 31, 2008

Nomura provides investment, financing and related services in the capital markets on a global basis. In the global capital markets there exist uncertainties due to, but not limited to, economic and market conditions. Nomura, therefore, does not present earnings forecasts.

 

4.

Other

 

(1)	Significant changes to consolidated subsidiaries during the period : None

 

(2)	Changes in accounting basis, procedure and presentation for the consolidated financial statements

The items described in “Significant changes for presenting the consolidated financial statements”.

 

a)

Changes in accounting principles : Yes

 

b)

Other changes : None

Note: Please refer to page 13 “Note 1. Summary of accounting policies” for details.

 

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Financial Summary for the Three Months Ended June 30, 2007

Results of Operations

US GAAP Figures

 

		Billions of yen						% Change		Billions of yen			% Change
		For the three months ended						(%)		For the three months ended			(%)
		June 30, 2007 (2007.4.1 ~ 2007.6.30) (A)			March 31, 2007 (2007.1.1~ 2007.3.31) (B)			(A-B)/(B)		June 30, 2006 (2006.4.1~ 2006.6.30) (C)			(A-C)/(C)
Net revenue		380.7			311.3			22.3		205.9			84.9
Non-interest expenses		237.9			228.1			4.3		172.5			37.9
Income before income taxes		142.8			83.2			71.8		33.4			327.6
Income tax expense		66.1			50.1			32.0		13.3			398.2
Net income		76.7			33.1			131.9		20.1			281.1
Return on equity (ROE, annualized)		13.7	%		6.0	%		—		3.9	%		—

Nomura Holdings, Inc. and its consolidated entities (“Nomura”) reported net revenue of 380.7 billion yen for the three months ended June 30, 2007, a 22.3% increase from the previous quarter and an 84.9% increase compared to the prior-year first quarter. Non-interest expenses increased 4.3% from the previous quarter and 37.9% compared to the prior-year first quarter to 237.9 billion yen. Income before income taxes of 142.8 billion yen was up 71.8% from the previous quarter and 327.6% compared to the first quarter last year, while net income increased 131.9% from the previous quarter and 281.1% compared to the prior-year first quarter to 76.7 billion yen. ROE for the quarter was 13.7%.

Total of business segments

 

		Billions of yen				% Change		Billions of yen		% Change
		For the three months ended				(%)		For the three months ended		(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)		(A-B)/(B)		June 30, 2006 (2006.4.1~ 2006.6.30) (C)		(A-C)/(C)
Net revenue		352.7		283.6		24.4		209.8		68.1
Non-interest expenses		204.9		202.3		1.2		155.3		31.9
Income before income taxes		147.9		81.2		82.0		54.4		171.6

Nomura engages in private equity investing through its Global Merchant Banking division. Nomura’s US GAAP consolidated financial information includes the effect of consolidation/deconsolidation of certain private equity investee companies. Business segment totals exclude these effects as well as gain (loss) on investments in equity securities held for operating purposes.

Net revenue of business segments for the three months ended June 30, 2007, was 352.7 billion yen, a 24.4% increase from the prior quarter and 68.1% increase compared to the same period last year. Non-interest expenses increased 1.2% from the previous quarter and 31.9% compared to the prior-year first quarter to 204.9 billion yen. Income before income taxes increased 82.0% from the previous quarter and 171.6% compared to the prior-year first quarter to 147.9 billion yen. Please refer to page 22 for an explanation of the differences between US GAAP and business segment values.

 

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Income (loss) before income taxes by business segments

 

		Billions of yen						% Change		Billions of yen			% Change
		For the three months ended						(%)		For the three months ended			(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)			March 31, 2007 (2007.1.1~ 2007.3.31) (B)			(A-B)/(B)		June 30, 2006 (2006.4.1~ 2006.6.30) (C)			(A-C)/(C)
Domestic Retail		50.6			43.3			16.8		42.5			18.8
Global Markets		26.0			23.9			8.8		14.3			81.8
Global Investment Banking		20.7			11.6			78.2		5.6			272.2
Global Merchant Banking		40.1			(5.2	)		—		9.8			309.3
Asset Management		12.2			8.0			52.4		5.2			133.6
Sub Total		149.6			81.7			83.1		77.5			93.2
Other		(1.8	)		(0.5	)		—		(23.0	)		—
Income before income taxes		147.9			81.2			82.0		54.4			171.6

Domestic Retail income before income taxes for the first quarter was 50.6 billion yen, an increase of 16.8% from the prior quarter and 18.8% from the same period last year. Global Markets income before income taxes was 26.0 billion yen, an increase of 8.8% from the prior quarter and 81.8% from the same period last year. Global Investment Banking income before income taxes was 20.7 billion yen, up 78.2% from the previous quarter and 272.2% compared to last year. Global Merchant Banking income before income taxes was 40.1 billion yen, an increase of 45.3 billion yen from the prior quarter and 309.3% compared to the first quarter last year. Asset Management income before income taxes was 12.2 billion yen, an increase of 52.4% from to the prior quarter and 133.6% from the same period last year.

Other income before income taxes was minus 1.8 billion yen. Total income before income taxes for all business segments was 147.9 billion yen, an increase of 82.0% from the prior quarter and 171.6% from the prior-year first quarter.

Financial Position

Total assets as of June 30, 2007, were 37.4 trillion yen, an increase of 1.5 trillion yen compared to March 31, 2007, reflecting primarily an increase in Securities borrowed. Total liabilities as of June 30, 2007, were 35.1 trillion yen, an increase of 1.4 trillion yen compared to March 31, 2007, mainly due to an increase in Trading liabilities. Total shareholders’ equity at June 30, 2007, was 2.3 trillion yen, an increase of 0.1 trillion yen compared to March 31, 2007, mainly due to an increase in Retained earnings.

Cash and cash equivalents as of June 30, 2007, increased by 19.7 billion yen compared to March 31, 2007. During the three months ended on June 30, 2007, Net cash used in operating activities amounted to 465.4 billion yen mainly due to an increase in Securities borrowed net of securities loaned. Net cash used in investing activities during the period was 79.1 billion yen, mainly due to Payments for purchases of office buildings, land, equipment and facilities, Increase in loans receivable at banks and Increase in non-trading debt securities. Net cash provided by financing activities during the period was 551.9 billion yen as a result of an increase in long term and short term borrowings.

 

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Business Segment Results for the Three Months Ended June 30, 2007

Operating Results of Domestic Retail

 

		Billions of yen				% Change
		For the three months ended				(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)		(A-B)/(B)
Net revenue		121.8		124.1		(1.8	)
Non-interest expenses		71.3		80.8		(11.8	)
Income before income taxes		50.6		43.3		16.8

Net revenue decreased 1.8% from the previous quarter to 121.8 billion yen. Non-interest expenses decreased 11.8% to 71.3 billion yen. Income before income taxes was 50.6 billion yen, up 16.8% compared to the prior quarter.

Sales of investment trusts remained strong and commissions for the distribution of investment trusts reached a record level since we started reporting results on a quarterly basis under U.S. GAAP in the year ended March 31, 2002. In addition, investment trust administration fees and other increased for the tenth straight quarter. Sales credit grew on the back of strong sales of structured bonds. Stock brokerage commissions, meanwhile, decreased due to a decline in equity agency transaction value.

Domestic Client Assets¹ totaled 88.3 trillion yen as of June 30, 2007, a 3.1 trillion yen increase from the end of March 2007, while the number of client accounts with a balance reached 4 million. We are making steady progress towards our target of 100 trillion yen in Domestic Client Assets and 5 million accounts by the end of March 2010.

Operating Results of Global Markets

 

		Billions of yen				% Change
		For the three months ended				(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)		(A-B)/(B)
Net revenue		108.9		94.6		15.1
Non-interest expenses		82.9		70.6		17.3
Income before income taxes		26.0		23.9		8.8

Net revenue increased 15.1% from the previous quarter to 108.9 billion yen. Non-interest expenses rose 17.3% to 82.9 billion yen. Income before income taxes increased 8.8% from the prior quarter to 26.0 billion yen.

In Fixed Income, in spite of the deterioration in the US RMBS market, record order flow for interest rate and currency-linked structured bonds led to an increase in net revenue compared to the prior quarter. In Equity, net revenue decreased from the prior quarter due to a decline in MPO trading revenue.

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1	Domestic Client Assets is sum of assets under custody in Domestic Retail (including regional financial institutions) and the Financial Management Division.

 

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Operating Results of Global Investment Banking

 

		Billions of yen				% Change
		For the three months ended				(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)		(A-B)/(B)
Net revenue		36.7		26.6		38.1
Non-interest expenses		16.0		15.0		6.9
Income before income taxes		20.7		11.6		78.2

Net revenue increased 38.1% from the previous quarter to 36.7 billion yen. Non-interest expenses increased 6.9% to 16 billion yen, while income before income taxes increased 78.2% to 20.7 billion yen.

The equity underwriting business performed stronger than is normally seen for the first quarter, while M&A-related business enjoyed an increase in activity, and international operations contributed to revenue led by Europe, which has been the focus of a strategic build up. These factors combined to produce a record level of first-quarter net revenue since we started reporting results on a quarterly basis in the year ended March 31, 2002.

In equity financing, we acted as lead manager for such deals as a public offering by Daikin Industries and a secondary offering by Japan Petroleum Exploration. We ranked number one in the Equity and Equity-related (Japan) league table² for the first half of CY2007.

In M&A, we acted as financial advisor on All Nippon Airways’ sale of its hotel business and the business restructuring of Jupiter TV by Sumitomo Corporation. We also ranked number one in the Any Japanese Involvement Financial Advisors league table² for M&A Advisory during the first half of CY2007.

Internationally, we acted as global coordinator on Russia’s largest-ever IPO for PIK Group, a major Russian residential property developer, and acted as financial advisor to Vedanta Resources of the UK on its acquisition of an Indian iron ore company from Mitsui & Co.

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2	Source: Thomson Financial

 

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Operating Results of Global Merchant Banking

 

		Billions of yen					% Change
		For the three months ended					(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)			(A-B)/(B)
Net revenue		43.4		(0.9	)		—
Non-interest expenses		3.3		4.2			(21.5	)
Income before income taxes		40.1		(5.2	)		—

Net revenue increased 44.4 billion yen from the prior quarter to 43.4 billion yen. Non-interest expenses decreased 21.5% to 3.3 billion yen. Income before income taxes was increased 45.3 billion yen to 40.1 billion yen.

During the quarter, Deutsche Annington, an investee company of Terra Firma in Europe, and Wanbishi Archives, a Nomura Principal Finance investee company, were exited.

Operating Results of Asset Management

 

		Billions of yen				% Change
		For the three months ended				(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)		(A-B)/(B)
Net revenue		26.4		24.1		9.7
Non-interest expenses		14.2		16.1		(11.6	)
Income before income taxes		12.2		8.0		52.4

Net revenue increased 9.7% from the previous quarter to 26.4 billion yen, while non-interest expenses decreased 11.6% to 14.2 billion yen. Income before income taxes rose 52.4% to 12.2 billion yen.

Net assets in Japan’s publicly offered investment trust market grew to a record level during the quarter thanks to increasing demand for asset management products. In terms of Nomura products, we continued to see strong sales of funds offering frequent distributions such as the My Story Profit Distribution-type Fund. The Nomura Global Contrarian Fund and Nomura RAFI^® Japan Equity Fund were newly-launched for distribution by Nomura Securities.

In the bank channel, sales of investment trusts that invest in REITs remained robust, and net assets increased in our Global High Income Stock Fund and Global Three Assets Balance Fund. Japan Post saw a steady increase in net assets for the Nomura Global Six Assets Diversified Fund and started selling the Nomura Asset Design Fund. In our investment advisory business, the balance of advisory contracts continued to increase steadily. As a result, total assets under management in Asset Management increased by 3.6 trillion yen from the end of March to a record 30.6 trillion yen.

 

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Other Operating Results

 

		Billions of yen						% Change
		For the three months ended						(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)			March 31, 2007 (2007.1.1~ 2007.3.31) (B)			(A-B)/(B)
Net revenue		15.4			15.2			1.8
Non-interest expenses		17.2			15.6			10.1
Income(loss) before income taxes		(1.8	)		(0.5	)		—

Net revenue was 15.4 billion yen, up 1.8% from the prior quarter. Income before income taxes was minus 1.8 billion yen, a declined of 1.3 billion yen compared to the previous quarter.

Results for Fortress Investment Group, the US alternative asset manager in which we announced an investment in December 2006 and was listed on the New York Stock Exchange in February 2007, have been included from the first quarter under the equity method according to US GAAP. (Please refer to page 18 for details.)

Non-interest Expenses (Segment Total)

 

		Billions of yen				% Change
		For the three months ended				(%)
		June 30, 2007 (2007.4.1~ 2007.6.30) (A)		March 31, 2007 (2007.1.1~ 2007.3.31) (B)		(A-B)/(B)
Compensation and benefits		100.7		93.5		7.6
Commissions and floor brokerage		22.7		18.1		25.4
Information processing and communications		29.2		32.0		(8.7	)
Occupancy and related depreciation		15.9		17.6		(9.4	)
Business development expenses		8.8		10.4		(15.5	)
Other		27.6		30.8		(10.2	)
Non-Interest Expenses		204.9		202.3		1.2

Business segment non-interest expenses increased 1.2% from the prior quarter to 204.9 billion yen.

As our investment in Instinet was conducted on February 1, 2007, the prior quarter includes only two months of expenses related to Instinet. As such, commissions and floor brokerage for the first quarter increased 25.4% from the prior quarter to 22.7 billion yen.

 

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NOMURA HOLDINGS, INC.

CONSOLIDATED INCOME STATEMENT INFORMATION

(UNAUDITED)

 

		Millions of yen						% Change		Millions of yen
		For the three months ended								For the year ended
		June 30, 2007 (A)			June 30, 2006 (B)			(A-B)/(B)		March 31, 2007
Revenue:
Commissions		112,962			79,579			41.9		337,458
Fees from investment banking		29,890			14,351			108.3		99,276
Asset management and portfolio service fees		47,311			29,732			59.1		145,977
Net gain on trading		99,683			55,770			78.7		290,008
Gain on private equity investments		45,819			9,784			368.3		47,590
Interest and dividends		294,697			207,860			41.8		981,344
(Loss) gain on investments in equity securities		(540	)		(20,509	)		—		(20,103	)
Private equity entities product sales		36,479			20,985			73.8		100,126
Other		16,400			4,178			292.5		67,425
Total revenue		682,701			401,730			69.9		2,049,101
Interest expense		301,964			195,796			54.2		958,000
Net revenue		380,737			205,934			84.9		1,091,101
Non-interest expenses :
Compensation and benefits		105,571			82,768			27.6		345,936
Commissions and floor brokerage		23,011			10,255			124.4		50,812
Information processing and communications		29,332			23,167			26.6		109,987
Occupancy and related depreciation		17,442			14,442			20.8		61,279
Business development expenses		9,597			7,848			22.3		38,106
Private equity entities cost of goods sold		22,899			11,365			101.5		57,184
Other		30,051			22,685			32.5		106,039
		237,903			172,530			37.9		769,343
Income before income taxes		142,834			33,404			327.6		321,758
Income tax expense		66,092			13,266			398.2		145,930
Net income		76,742			20,138			281.1		175,828
Per share of common stock:
		Yen						% Change		Yen
Basic-
Net income		40.22			10.52			282.3		92.25
Diluted-
Net income		40.09			10.50			281.8		92.00

 

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NOMURA HOLDINGS, INC.

CONSOLIDATED BALANCE SHEET INFORMATION

(UNAUDITED)

 

		Millions of yen
		June 30, 2007			March 31, 2007			June 30, 2006
ASSETS
Cash and cash deposits:
Cash and cash equivalents		429,774			410,028			436,101
Time deposits		515,757			546,682			477,997
Deposits with stock exchanges and other segregated cash		135,119			97,302			67,397
		1,080,650			1,054,012			981,495
Loans and receivables:
Loans receivable		1,261,701			935,711			679,770
Receivables from customers		39,040			47,518			39,922
Receivables from other than customers		770,737			637,209			663,309
Allowance for doubtful accounts		(2,269	)		(2,027	)		(2,923	)
		2,069,209			1,618,411			1,380,078
Collateralized agreements:
Securities purchased under agreements to resell		8,049,668			8,061,805			7,631,140
Securities borrowed		10,898,493			9,776,422			6,850,531
		18,948,161			17,838,227			14,481,671
Trading assets and private equity investments*:
Trading assets		12,321,297			12,830,826			12,957,162
Private equity investments		357,948			347,394			287,535
		12,679,245			13,178,220			13,244,697
Other assets:
Office buildings, land, equipment and facilities (net of accumulated depreciation and amortization of ¥249,074 million at June 30, 2007, ¥249,592 million at March 31, 2007 and ¥214,376 million at June 30, 2006, respectively)		430,795			422,290			330,834
Non-trading debt securities*		288,297			255,934			260,158
Investments in equity securities*		191,915			195,238			210,714
Investments in and advances to affiliated companies*		449,577			441,536			225,235
Other		1,230,515			869,506			438,057
		2,591,099			2,184,504			1,464,998
Total assets		37,368,364			35,873,374			31,552,939

 

*	Including securities pledged as collateral

 

Note:

Reclassifications -

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

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NOMURA HOLDINGS, INC.

CONSOLIDATED BALANCE SHEET INFORMATION

(UNAUDITED)

 

		Millions of yen
		June 30, 2007			March 31, 2007			June 30, 2006
LIABILITIES AND SHAREHOLDERS’ EQUITY
Short-term borrowings		1,370,874			1,093,529			1,474,783
Payables and deposits:
Payables to customers		353,963			304,462			302,538
Payables to other than customers		565,861			623,143			884,259
Deposits received at banks		463,615			418,250			349,996
		1,383,439			1,345,855			1,536,793
Collateralized financing:
Securities sold under agreements to repurchase		12,105,010			11,874,697			10,694,380
Securities loaned		5,589,077			7,334,086			5,099,776
Other secured borrowings		1,103,900			1,390,473			516,051
		18,797,987			20,599,256			16,310,207
Trading liabilities		6,984,916			4,800,403			5,719,121
Other liabilities		1,190,306			845,522			470,991
Long-term borrowings		5,356,492			5,002,890			3,964,290
Total liabilities		35,084,014			33,687,455			29,476,185
Shareholders’ equity:
Common stock
Authorized - 6,000,000,000 shares        Issued - 1,965,919,860 shares at June 30, 2007, March 31, 2007 and June 30, 2006 respectively
Outstanding - 1,908,390,828 shares at June 30, 2007, 1,907,049,871 shares at March 31, 2007 and 1,905,822,324 shares at June 30, 2006		182,800			182,800			182,800
Additional paid-in capital		166,891			165,496			160,694
Retained earnings		1,972,728			1,910,978			1,823,928
Accumulated other comprehensive (loss) income		40,118			6,613			(9,130	)
		2,362,537			2,265,887			2,158,292
Common stock held in treasury, at cost - 57,529,032 shares, 58,869,989 shares and 60,097,536 shares at June 30, 2007, March 31, 2007 and June 30, 2006 respectively		(78,187	)		(79,968	)		(81,538	)
Total shareholders’ equity		2,284,350			2,185,919			2,076,754
Total liabilities and shareholders’ equity		37,368,364			35,873,374			31,552,939

 

Note:

Reclassifications -

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

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NOMURA HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(UNAUDITED)

 

		Millions of yen
		For the three months ended			For the year ended			For the three months ended
		June 30, 2007			March 31, 2007			June 30, 2006
Common stock
Balance at beginning of year		182,800			182,800			182,800
Balance at end of year		182,800			182,800			182,800
Additional paid-in capital
Balance at beginning of year		165,496			159,527			159,527
Loss on sales of treasury stock		(1,458	)		(556	)		(470	)
Issuance of common stock options		2,853			6,525			1,637
Balance at end of year		166,891			165,496			160,694
Retained earnings
Balance at beginning of year		1,910,978			1,819,037			1,819,037
Net income		76,742			175,828			20,138
Cash dividends		(16,221	)		(83,887	)		(15,247	)
Adjustments to initially apply FIN 48		1,266			—			—
Loss on sales of treasury stock		(37	)		—			—
Balance at end of year		1,972,728			1,910,978			1,823,928
Accumulated other comprehensive income
Cumulative translation adjustments
Balance at beginning of year		36,889			(1,129	)		(1,129	)
Net change during the year		33,658			38,018			6,025
Balance at end of year		70,547			36,889			4,896
Defined benefit pension plans
Balance at beginning of year		(30,276	)		(14,096	)		(14,096	)
Pension liability adjustment		(153	)		(387	)		70
Adjustments to initially apply SFAS 158(1)		—			(15,793	)		—
Balance at end of year		(30,429	)		(30,276	)		(14,026	)
Balance at end of year		40,118			6,613			(9,130	)
Common stock held in treasury
Balance at beginning of year		(79,968	)		(82,812	)		(82,812	)
Repurchases of common stock		(56	)		(204	)		(34	)
Sale of common stock		12			25			12
Common stock issued to employees		1,825			2,910			1,316
Other net change in treasury stock		0			113			(20	)
Balance at end of year		(78,187	)		(79,968	)		(81,538	)
Total shareholders’ equity
Balance at end of year		2,284,350			2,185,919			2,076,754

 

(1)	For the initial year of application, the adjustments are not reflected on the consolidated comprehensive income.

 

Note:

Reclassifications -

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

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NOMURA HOLDINGS, INC.

CONSOLIDATED INFORMATION OF CASH FLOWS

(UNAUDITED)

 

		Millions of yen
		For the three months ended						For the year ended
		June 30, 2007			June 30, 2006			March 31, 2007
Cash flows from operating activities:
Net income		76,742			20,138			175,828
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization		15,736			12,135			50,432
Loss on investments in equity securities		540			20,509			20,103
Changes in operating assets and liabilities:
Time deposits		56,896			47,941			24,395
Deposits with stock exchanges and other segregated cash		(33,833	)		(21,644	)		(30,186	)
Trading assets and private equity investments		956,769			485,249			1,039,123
Trading liabilities		1,986,414			(843,647	)		(1,986,980	)
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase		70,803			596,750			1,243,337
Securities borrowed, net of securities loaned		(2,799,993	)		526,758			(177,234	)
Other secured borrowings		(286,606	)		(2,484,996	)		(1,612,879	)
Loans and receivables, net of allowance		(279,154	)		21,931			95,843
Payables		(93,713	)		329,657			(154,665	)
Other, net		(135,951	)		(235,696	)		(314,273	)
Net cash used in operating activities		(465,350	)		(1,524,915	)		(1,627,156	)
Cash flows from investing activities:
Payments for purchases of office buildings, land, equipment and facilities		(22,804	)		(12,445	)		(101,784	)
Proceeds from sales of office buildings, land, equipment and facilities		1,189			65			634
Payments for purchases of investments in equity securities		(500	)		(24	)		(9,284	)
Proceeds from sales of investments in equity securities		3,596			203			25,109
Increase in Loans receivable at banks, net		(37,608	)		(32,562	)		(73,611	)
Increase in non-trading debt securities, net		(31,428	)		(40,395	)		(37,861	)
Other, net		8,448			(1,654	)		(337,016	)
Net cash used in investing activities		(79,107	)		(86,812	)		(533,813	)
Cash flows from financing activities:
Increase in long-term borrowings		801,569			486,299			2,736,688
Decrease in long-term borrowings		(495,901	)		(118,548	)		(1,451,500	)
Increase in short-term borrowings, net		250,192			782,262			377,788
Increase (decrease) in deposits received at banks, net		33,901			(26,152	)		17,947
Proceeds from sales of common stock		342			858			2,379
Payments for repurchases of common stock		(56	)		(34	)		(204	)
Payments for cash dividends		(38,164	)		(68,620	)		(114,395	)
Net cash provided by financing activities		551,883			1,056,065			1,568,703
Effect of exchange rate changes on cash and cash equivalents		12,320			(198	)		10,333
Net increase (decrease) in cash and cash equivalents		19,746			(555,860	)		(581,933	)
Cash and cash equivalents at beginning of the period		410,028			991,961			991,961
Cash and cash equivalents at end of the period		429,774			436,101			410,028

 

Note:

Reclassifications -

All prior year amounts have been reclassified to conform to the current year presentation.

 

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NOMURA HOLDINGS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL INFORMATION

(UNAUDITED)

 

1.	Summary of accounting policies:

Basis of presentation —

The consolidated financial information herein has been prepared in accordance with Nomura’s accounting policies which are disclosed in the notes of Nomura Holdings, Inc.’s Annual Securities Report (the annual report filed in Japan on June 28, 2007) and Form 20-F (the annual report filed with the U.S. Securities and Exchange Commission on July 12, 2007) for the year ended March 31, 2007.

Presentations of significant changes in accounting principles are as follows:

Accounting for uncertainty in income taxes —

Nomura adopted Financial Accounting Standards Board (“FASB”) Interpretation No.48, “Accounting for Uncertainty in Income Taxes — an Interpretation of FASB Statement No. 109” on April 1, 2007. In accordance with this standard, the adjusted amount due to the initial adoption was recorded in the retained earnings.

 

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2.	Segment Information-Operating segment:

The following table shows business segment information and reconciliation items to the consolidated income statement information.

 

		Millions of yen						% Change		Millions of yen
		For the three months ended								For the year ended
		June 30, 2007 (A)			June 30, 2006 (B)			(A-B)/(B)		March 31, 2007
(1)    Net revenue
Business segment information:
Domestic Retail		121,840			105,609			15.4		440,118
Global Markets		108,909			68,899			58.1		290,028
Global Investment Banking		36,740			18,808			95.3		99,187
Global Merchant Banking		43,407			12,123			258.1		64,969
Asset Management		26,407			17,636			49.7		90,106
Sub Total		337,303			223,075			51.2		984,408
Other		15,429			(13,301	)		—		73,338
Net revenue		352,732			209,774			68.1		1,057,746
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(2,647	)		(20,649	)		—		(38,232	)
Effect of consolidation/deconsolidation of certain private equity investee companies		30,652			16,809			82.4		71,587
Net revenue		380,737			205,934			84.9		1,091,101
(2)    Non-interest expense
Business segment information:
Domestic Retail		71,285			63,070			13.0		279,253
Global Markets		82,866			54,573			51.8		231,222
Global Investment Banking		16,003			13,237			20.9		54,783
Global Merchant Banking		3,306			2,326			42.1		12,153
Asset Management		14,208			12,413			14.5		53,649
Sub Total		187,668			145,619			28.9		631,060
Other		17,194			9,706			77.1		49,397
Non-interest expense		204,862			155,325			31.9		680,457
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		—			—			—		—
Effect of consolidation/deconsolidation of certain private equity investee companies		33,041			17,205			92.0		88,886
Non-interest expenses		237,903			172,530			37.9		769,343
(3)    Income (loss) before income taxes
Business segment information:
Domestic Retail		50,555			42,539			18.8		160,865
Global Markets		26,043			14,326			81.8		58,806
Global Investment Banking		20,737			5,571			272.2		44,404
Global Merchant Banking		40,101			9,797			309.3		52,816
Asset Management		12,199			5,223			133.6		36,457
Sub Total		149,635			77,456			93.2		353,348
Other *		(1,765	)		(23,007	)		—		23,941
Income before income taxes		147,870			54,449			171.6		377,289
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(2,647	)		(20,649	)		—		(38,232	)
Effect of consolidation/deconsolidation of certain private equity investee companies		(2,389	)		(396	)		—		(17,299	)
Income before income taxes		142,834			33,404			327.6		321,758

*	The major components

Transactions between operating segments are recorded within segment results on commercial terms and conditions and are eliminated in “Other.”

The following table presents the major components of income/(loss) before income taxes in “Other.”

 

		Millions of yen						% Change		Millions of yen
		For the three months ended								For the year ended
		June 30, 2007 (A)			June 30, 2006 (B)			(A-B)/(B)		March 31, 2007
Net gain/loss on trading related to economic hedging transactions		(14,425	)		(11,382	)		—		(38,383	)
Realized gain on investments in equity securities held for operating purposes		2,107			140			1,405.0		18,129
Equity in earnings of affiliates		5,105			3,309			54.3		53,169
Corporate items		(9,687	)		(7,163	)		—		(11,111	)
Others		15,135			(7,911	)		—		2,137
Total		(1,765	)		(23,007	)		—		23,941

 

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3.

Other:

The consolidated financial information herein does not include all footnotes required under US GAAP.

 

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Supplemental Consolidated Financial Information

(Unaudited)

This supplemental information (Unaudited) contains the following items.

 

•

Quarterly Results - Consolidated Income Statement

 

•

Quarterly Results - Business Segment

 

•

Commissions/fees received and Net gain on trading

 

•

Consolidated Income Statement Information

 

•

Business segment information

 

•

Reconciliation items of the business segment information to the consolidated income statement information

 

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NOMURA HOLDINGS, INC.

CONSOLIDATED INCOME STATEMENT INFORMATION

(UNAUDITED)

 

		Millions of yen														% Change
		For the three months ended
		June 30, 2006			September 30, 2006			December 31, 2006			March 31, 2007(A)		June 30, 2007(B)			(B-A)/(A)
Revenue:
Commissions		79,579			66,063			84,190			107,626		112,962			5.0
Fees from investment banking		14,351			26,901			32,317			25,707		29,890			16.3
Asset management and portfolio service fees		29,732			35,476			36,730			44,039		47,311			7.4
Net gain on trading		55,770			47,542			89,152			97,544		99,683			2.2
Gain on private equity investments		9,784			27,511			10,224			71		45,819			64,433.8
Interest and dividends		207,860			232,311			262,928			278,245		294,697			5.9
(Loss) gain on investments in equity securities		(20,509	)		(44	)		(154	)		604		(540	)		—
Private equity entities product sales		20,985			21,720			28,778			28,643		36,479			27.4
Other		4,178			11,734			45,371			6,142		16,400			167.0
Total revenue		401,730			469,214			589,536			588,621		682,701			16.0
Interest expense		195,796			218,236			266,625			277,343		301,964			8.9
Net revenue		205,934			250,978			322,911			311,278		380,737			22.3
Non-interest expenses:
Compensation and benefits		82,768			79,060			86,679			97,429		105,571			8.4
Commissions and floor brokerage		10,255			10,335			12,004			18,218		23,011			26.3
Information processing and communications		23,167			27,434			27,296			32,090		29,332			(8.6	)
Occupancy and related depreciation		14,442			13,743			14,596			18,498		17,442			(5.7	)
Business development expenses		7,848			9,810			9,234			11,214		9,597			(14.4	)
Private equity entities cost of goods sold		11,365			11,843			17,417			16,559		22,899			38.3
Other		22,685			25,666			23,577			34,111		30,051			(11.9	)
		172,530			177,891			190,803			228,119		237,903			4.3
Income before income taxes		33,404			73,087			132,108			83,159		142,834			71.8
Income tax expense		13,266			29,560			53,031			50,073		66,092			32.0
Net income		20,138			43,527			79,077			33,086		76,742			131.9
		Yen														% Change
Per share of common stock:
Basic-
Net income		10.52			22.84			41.48			17.35		40.22			131.8
Diluted-
Net income		10.50			22.78			41.38			17.31		40.09			131.6

 

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NOMURA HOLDINGS, INC.

SUPPLEMENTARY INFORMATION

(UNAUDITED)

Business Segment Information - Quarterly Results

The following table shows quarterly business segment information and reconciliation items to the consolidated income statement.

 

		Millions of yen															% Change
		For the three months ended
		June 30, 2006			September 30, 2006			December 31, 2006			March 31, 2007 (A)			June 30, 2007(B)			(B-A)/(A)
(1)    Net revenue
Business segment information:
Domestic Retail		105,609			94,518			115,882			124,109			121,840			(1.8	)
Global Markets		68,899			48,475			78,068			94,586			108,909			15.1
Global Investment Banking		18,808			29,688			24,088			26,603			36,740			38.1
Global Merchant Banking		12,123			44,541			9,249			(944	)		43,407			—
Asset Management		17,636			23,854			24,543			24,073			26,407			9.7
Sub Total		223,075			241,076			251,830			268,427			337,303			25.7
Other		(13,301	)		14,649			56,830			15,160			15,429			1.8
Net revenue		209,774			255,725			308,660			283,587			352,732			24.4
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(20,649	)		(4,802	)		(13,107	)		326			(2,647	)		—
Effect of consolidation/deconsolidation of certain private equity investee companies		16,809			55			27,358			27,365			30,652			12.0
Net revenue		205,934			250,978			322,911			311,278			380,737			22.3
(2)    Non-interest expense
Business segment information:
Domestic Retail		63,070			66,347			69,012			80,824			71,285			(11.8	)
Global Markets		54,573			52,075			53,928			70,646			82,866			17.3
Global Investment Banking		13,237			13,416			13,164			14,966			16,003			6.9
Global Merchant Banking		2,326			3,058			2,555			4,214			3,306			(21.5	)
Asset Management		12,413			12,787			12,382			16,067			14,208			(11.6	)
Sub Total		145,619			147,683			151,041			186,717			187,668			0.5
Other		9,706			10,350			13,720			15,621			17,194			10.1
Non-interest expense		155,325			158,033			164,761			202,338			204,862			1.2
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		—			—			—			—			—			—
Effect of consolidation/deconsolidation of certain private equity investee companies		17,205			19,858			26,042			25,781			33,041			28.2
Non-interest expenses		172,530			177,891			190,803			228,119			237,903			4.3
(3)    Income (loss) before income taxes
Business segment information:
Domestic Retail		42,539			28,171			46,870			43,285			50,555			16.8
Global Markets		14,326			(3,600	)		24,140			23,940			26,043			8.8
Global Investment Banking		5,571			16,272			10,924			11,637			20,737			78.2
Global Merchant Banking		9,797			41,483			6,694			(5,158	)		40,101			—
Asset Management		5,223			11,067			12,161			8,006			12,199			52.4
Sub Total		77,456			93,393			100,789			81,710			149,635			83.1
Other *		(23,007	)		4,299			43,110			(461	)		(1,765	)		—
Income before income taxes		54,449			97,692			143,899			81,249			147,870			82.0
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(20,649	)		(4,802	)		(13,107	)		326			(2,647	)		—
Effect of consolidation/deconsolidation of certain private equity investee companies		(396	)		(19,803	)		1,316			1,584			(2,389	)		—
Income before income taxes		33,404			73,087			132,108			83,159			142,834			71.8

*	The major components

Transactions between operating segments are recorded within segment results on commercial terms and conditions and are eliminated in “Other.”

The following table presents the major components of income/(loss) before income taxes in “Other”.

 

		Millions of yen															% Change
		For the three months ended
		June 30, 2006			September 30, 2006			December 31, 2006			March 31, 2007 (A)			June 30, 2007 (B)			(B-A)/(A)
Net gain/loss on trading related to economic hedging transactions		(11,382	)		(14,036	)		(11,865	)		(1,100	)		(14,425	)		—
Realized gain on investments in equity securities held for operating purposes		140			4,758			12,953			278			2,107			657.9
Equity in earnings of affiliates		3,309			6,136			38,983			4,741			5,105			7.7
Corporate items		(7,163	)		3,707			(5,900	)		(1,755	)		(9,687	)		—
Others		(7,911	)		3,734			8,939			(2,625	)		15,135			—
Total		(23,007	)		4,299			43,110			(461	)		(1,765	)		—

 

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NOMURA HOLDINGS, INC.

SUPPLEMENTARY INFORMATION

(UNAUDITED)

“Commissions/fees received” and “Net gain on trading” consists of the following:

Commissions/fees received

 

		Millions of yen												% Change			% Change
		For the three months ended
		June 30, 2006(C)			September 30, 2006		December 31, 2006		March 31, 2007(A)			June 30, 2007(B)		(B-A)/(A)			(B-C)/(C)
Commissions		79,579			66,063		84,190		107,626			112,962		5.0			41.9
Brokerage Commissions		44,554			32,599		41,951		59,259			64,169		8.3			44.0
Commissions for Distribution of Investment Trust		25,850			23,122		32,960		38,519			39,172		1.7			51.5
Fees from Investment Banking		14,351			26,901		32,317		25,707			29,890		16.3			108.3
Underwriting and Distribution		9,151			20,360		26,123		16,254			10,469		(35.6	)		14.4
M&A / Financial Advisory Fees		5,178			6,360		6,084		9,082			18,187		100.3			251.2
Asset Management and Portfolio Service Fees		29,732			35,476		36,730		44,039			47,311		7.4			59.1
Asset Management Fees		26,179			31,758		32,842		39,470			42,904		8.7			63.9
Total		123,662			128,440		153,237		177,372			190,163		7.2			53.8
Net gain on trading
Merchant Banking		(2,643	)		445		197		(458	)		170		—			—
Equity Trading		31,724			12,684		28,919		64,268			51,696		(19.6	)		63.0
Fixed Income and Other Trading		26,689			34,413		60,036		33,734			47,817		41.7			79.2
Total		55,770			47,542		89,152		97,544			99,683		2.2			78.7

 

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Consolidated Income Statement Information:

US GAAP Figures

 

		Millions of yen														% Change			% Change
		For the three months ended														(B-A)/(A)			(B-C)/(C)
		June 30, 2006 (C)			September 30, 2006			December 31, 2006			March 31, 2007 (A)		June 30, 2007 (B)
Revenue:
Commissions		79,579			66,063			84,190			107,626		112,962			5.0			41.9
Fees from investment banking		14,351			26,901			32,317			25,707		29,890			16.3			108.3
Asset management and portfolio service fees		29,732			35,476			36,730			44,039		47,311			7.4			59.1
Net gain on trading		55,770			47,542			89,152			97,544		99,683			2.2			78.7
Gain on private equity investments		9,784			27,511			10,224			71		45,819			64,433.8			368.3
Interest and dividends		207,860			232,311			262,928			278,245		294,697			5.9			41.8
(Loss) gain on investments in equity securities		(20,509	)		(44	)		(154	)		604		(540	)		—			—
Private equity entities product sales		20,985			21,720			28,778			28,643		36,479			27.4			73.8
Other		4,178			11,734			45,371			6,142		16,400			167.0			292.5
Total revenue		401,730			469,214			589,536			588,621		682,701			16.0			69.9
Interest expense		195,796			218,236			266,625			277,343		301,964			8.9			54.2
Net revenue		205,934			250,978			322,911			311,278		380,737			22.3			84.9
Non-interest expenses:
Compensation and benefits		82,768			79,060			86,679			97,429		105,571			8.4			27.6
Commissions and floor brokerage		10,255			10,335			12,004			18,218		23,011			26.3			124.4
Information processing and communications		23,167			27,434			27,296			32,090		29,332			(8.6	)		26.6
Occupancy and related depreciation		14,442			13,743			14,596			18,498		17,442			(5.7	)		20.8
Business development expenses		7,848			9,810			9,234			11,214		9,597			(14.4	)		22.3
Private equity entities cost of goods sold		11,365			11,843			17,417			16,559		22,899			38.3			101.5
Other		22,685			25,666			23,577			34,111		30,051			(11.9	)		32.5
		172,530			177,891			190,803			228,119		237,903			4.3			37.9
Income before income taxes		33,404			73,087			132,108			83,159		142,834			71.8			327.6

 

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Business segment information :

Total of business segments

 

		Millions of yen										% Change			% Change
		For the three months ended										(B-A)/(A)			(B -C)/(C)
		June 30, 2006 (C)		September 30, 2006		December 31, 2006		March 31, 2007 (A)		June 30, 2007 (B)
Revenue:
Commissions		79,579		67,931		84,185		108,649		112,953		4.0			41.9
Fees from investment banking		14,351		26,901		32,317		25,707		29,890		16.3			108.3
Asset management and portfolio service fees		29,732		35,476		36,730		44,039		47,311		7.4			59.1
Net gain on trading		55,770		47,542		89,152		97,544		99,683		2.2			78.7
Gain on private equity investments		15,059		46,206		11,456		759		51,754		6,718.7			243.7
Interest and dividends		207,837		232,258		262,900		278,188		294,555		5.9			41.7
Gain on investments in equity securities		140		4,758		12,953		278		2,107		657.9			1,405.0
Private equity entities product sales		—		—		—		—		—		—			—
Other		2,996		12,786		45,459		5,625		16,310		190.0			444.4
Total revenue		405,464		473,858		575,152		560,789		654,563		16.7			61.4
Interest expense		195,690		218,133		266,492		277,202		301,831		8.9			54.2
Net revenue		209,774		255,725		308,660		283,587		352,732		24.4			68.1
Non-interest expenses:
Compensation and benefits		79,461		75,244		82,760		93,537		100,653		7.6			26.7
Commissions and floor brokerage		9,819		10,119		11,756		18,086		22,684		25.4			131.0
Information processing and communications		23,005		27,326		27,169		31,966		29,188		(8.7	)		26.9
Occupancy and related depreciation		13,409		12,862		13,542		17,564		15,917		(9.4	)		18.7
Business development expenses		7,225		9,196		8,438		10,432		8,810		(15.5	)		21.9
Private equity entities cost of goods sold		—		—		—		—		—		—			—
Other		22,406		23,286		21,096		30,753		27,610		(10.2	)		23.2
		155,325		158,033		164,761		202,338		204,862		1.2			31.9
Income before income taxes		54,449		97,692		143,899		81,249		147,870		82.0			171.6

 

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Reconciliation items of the business segment information to the consolidated income statement information:

Effect of consolidation/deconsolidation of private equity investee companies and unrealized loss/gain on investments in equity securities held for operating purposes

 

		Millions of yen															% Change			% Change
		For the three months ended															(B-A)/(A)			(B-C)/(C)
		June 30, 2006 (C)			September 30, 2006			December 31, 2006			March 31, 2007 (A)			June 30, 2007 (B)
Revenue:
Commissions		—			(1,868	)		5			(1,023	)		9			—			—
Fees from investment banking		—			—			—			—			—			—			—
Asset management and portfolio service fees		—			—			—			—			—			—			—
Net gain on trading		—			—			—			—			—			—			—
Loss on private equity investments		(5,275	)		(18,695	)		(1,232	)		(688	)		(5,935	)		—			—
Interest and dividends		23			53			28			57			142			149.1			517.4
(Loss) gain on investments in equity securities		(20,649	)		(4,802	)		(13,107	)		326			(2,647	)		—			—
Private equity entities product sales		20,985			21,720			28,778			28,643			36,479			27.4			73.8
Other		1,182			(1,052	)		(88	)		517			90			(82.6	)		(92.4	)
Total revenue		(3,734	)		(4,644	)		14,384			27,832			28,138			1.1			—
Interest expense		106			103			133			141			133			(5.7	)		25.5
Net revenue		(3,840	)		(4,747	)		14,251			27,691			28,005			1.1			—
Non-interest expenses:
Compensation and benefits		3,307			3,816			3,919			3,892			4,918			26.4			48.7
Commissions and floor brokerage		436			216			248			132			327			147.7			(25.0	)
Information processing and communications		162			108			127			124			144			16.1			(11.1	)
Occupancy and related depreciation		1,033			881			1,054			934			1,525			63.3			47.6
Business development expenses		623			614			796			782			787			0.6			26.3
Private equity entities cost of goods sold		11,365			11,843			17,417			16,559			22,899			38.3			101.5
Other		279			2,380			2,481			3,358			2,441			(27.3	)		774.9
		17,205			19,858			26,042			25,781			33,041			28.2			92.0
Income before income taxes		(21,045	)		(24,605	)		(11,791	)		1,910			(5,036	)		—			—

 

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Unconsolidated Financial Information of Major Consolidated Entities

(UNAUDITED)

The unconsolidated financial information, prepared under Japanese GAAP, is presented for the following entities;

- Nomura Holdings, Inc. Financial Information (Parent Company Only)

- Nomura Securities Co., Ltd. Financial Information

 

*	The amounts are rounded to the nearest million.

 

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NOMURA HOLDINGS, INC. (PARENT COMPANY ONLY)

INCOME STATEMENT INFORMATION

 

		Millions of yen
		For the three months ended					Comparison (A-B)/(B)(%)			For the year ended March 31, 2007
		June 30, 2007 (A)			June 30, 2006 (B)
Operating revenue		272,528			210,983		29.2			340,886
Operating expenses		39,114			26,187		49.4			135,528
Operating income		233,414			184,796		26.3			205,358
Non-operating income		1,863			1,372		35.8			3,616
Non-operating expenses		201			244		(17.5	)		1,753
Ordinary income		235,075			185,924		26.4			207,221
Special profits		3,544			142		—			16,327
Special losses		71,821			22		—			67,436
Income before income taxes		166,799			186,043		(10.3	)		156,112
Income taxes - current		4,131			2,174		90.0			12,501
Income taxes - deferred		(31	)		1,274		—			(14,623	)
Net income		162,699			182,595		(10.9	)		158,235

NOMURA HOLDINGS, INC. (PARENT COMPANY ONLY)

BALANCE SHEET INFORMATION

 

		Millions of yen
		June 30, 2007		June 30, 2006		March 31, 2007
Assets
Current Assets		2,400,230		1,992,512		2,249,934
Fixed Assets		2,101,923		1,821,184		2,188,105
Total Assets		4,502,153		3,813,696		4,438,039
Liabilities
Current Liabilities		1,921,591		1,755,967		1,996,756
Long-term Liabilities		983,584		510,668		965,955
Total Liabilities		2,905,175		2,266,635		2,962,711
Net Assets
Shareholders’ equity		1,532,723		1,476,687		1,407,903
Valuation and translation adjustments		61,178		70,283		66,201
Subscription rights to shares		3,076		91		1,224
Total Net Assets		1,596,978		1,547,061		1,475,328
Total Liabilities and Net Assets		4,502,153		3,813,696		4,438,039

 

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NOMURA HOLDINGS, INC. (PARENT COMPANY ONLY)

STATEMENT OF CHANGES IN NET ASSETS

(April 1,2007-June 30,2007)

 

		Millions of yen
		Shareholders’ equity			Valuation and translation adjustments			Subscription rights to shares		Total net assets
Balance at March 31, 2007		1,407,903			66,201			1,224		1,475,328
Cash dividends		(38,164	)							(38,164	)
Net income		162,699								162,699
Purchases of treasury stock		(56	)							(56	)
Disposal of treasury stock		342								342
Other-net					(5,023	)		1,852		(3,171	)
Change in the term		124,820			(5,023	)		1,852		121,649
Balance at June 30, 2007		1,532,723			61,178			3,076		1,596,978

 

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NOMURA SECURITIES CO., LTD.

INCOME STATEMENT INFORMATION

 

		Millions of yen
		For the three months ended				Comparison (A-B)/(B)(%)			For the year ended March 31, 2007(C)			Comparison (A*4-C)/(C) (%)
		June 30, 2007 (A)		June 30, 2006 (B)
Operating revenue		252,044		164,748		53.0			770,358			30.9
Commissions		122,458		93,501		31.0			423,247			15.7
Net gain on trading		77,896		38,521		102.2			214,667			45.1
Net gain on other inventories		2		5		(51.7	)		12			(19.6	)
Interest and dividend income		51,687		32,720		58.0			132,431			56.1
Interest expenses		34,446		21,984		56.7			85,940			60.3
Net operating revenue		217,598		142,764		52.4			684,418			27.2
Selling, general and administrative expenses		111,461		94,917		17.4			417,911			6.7
Operating income		106,137		47,847		121.8			266,507			59.3
Non-operating income		500		198		153.0			2,021			(0.9	)
Non-operating expenses		438		445		(1.7	)		1,828			(4.3	)
Ordinary income		106,200		47,599		123.1			266,699			59.3
Special profits		265		37		608.8			643			65.2
Special losses		316		279		12.9			1,241			1.7
Income before income taxes		106,150		47,357		124.1			266,101			59.6
Income taxes - current		36,757		2,772		1,226.0			115,489			27.3
Income taxes - deferred		5,981		16,172		(63.0	)		(90	)		—
Net income		63,412		28,414		123.2			150,702			68.3

NOMURA SECURITIES CO., LTD.

BALANCE SHEET INFORMATION

 

		Millions of yen
		June 30, 2007		June 30, 2006		March 31, 2007
Assets
Current Assets:		11,405,921		12,169,873		12,570,606
Trading Assets		4,655,989		5,454,380		5,023,167
Loans with securities as collateral		5,709,440		6,023,554		6,903,525
Other		1,040,492		691,940		643,913
Fixed Assets		70,324		63,053		61,787
Total Assets		11,476,244		12,232,926		12,632,393
Liabilities and Shareholder’s Equity
Liabilities
Current Liabilities:		10,110,666		10,769,849		11,033,512
Trading liabilities		3,359,425		3,032,638		2,090,611
Borrowings with securities as collateral		3,219,980		4,401,697		5,497,684
Other		3,531,261		3,335,514		3,445,217
Long-term Liabilities		538,695		620,763		633,608
Statutory Reserves		4,661		3,384		4,346
Total Liabilities		10,654,022		11,393,995		11,671,466
Shareholder’s equity		820,771		836,481		958,769
Valuation and translation adjustments		1,451		2,450		2,157
Total Net Assets		822,222		838,931		960,926
Total Liabilities and Net Assets		11,476,244		12,232,926		12,632,393

 

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NOMURA SECURITIES CO., LTD.

SUPPLEMENTARY INFORMATION

1. Commission Revenues

(1) Breakdown by Category

 

		(Millions of yen except percentages)
		Three Months Ended				Comparison (A-B)/(B)(%)			Year Ended March 31, 2007
		June 30, 2007 (A)		June 30, 2006 (B)
Brokerage commissions		33,464		37,414		(10.6	)%		133,648
(Stocks)		32,670		34,882		(6.3	)		127,751
Underwriting commissions		6,374		5,573		14.4			49,253
(Stocks)		5,257		4,956		6.1			41,744
(Bonds)		1,117		617		81.2			7,487
Distribution commissions		39,978		26,737		49.5			124,040
(Investment trust certificates)		39,150		25,815		51.7			120,333
Other commissions		42,642		23,778		79.3			116,306
(Investment trust certificates)		14,838		10,211		45.3			52,374
Total		122,458		93,501		31.0			423,247

(2) Breakdown by Product

 

		(Millions of yen except percentages)
		Three Months Ended				Comparison (A-B)/(B)(%)			Year Ended March 31, 2007
		June 30, 2007 (A)		June 30, 2006 (B)
Stocks		39,420		40,682		(3.1	)%		177,416
Bonds		2,838		2,538		11.8			16,130
Investment trust certificates		54,656		38,462		42.1			177,789
Others		25,544		11,819		116.1			51,912
Total		122,458		93,501		31.0			423,247

2. Net Gain on Trading

 

		(Millions of yen except percentages)
		Three Months Ended				Comparison (A-B)/(B)(%)			Year Ended March 31, 2007
		June 30, 2007 (A)		June 30, 2006 (B)
Stocks		13,245		20,108		(34.1	)%		75,445
Bonds and forex		64,651		18,413		251.1			139,222
Total		77,896		38,521		102.2			214,667

 

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NOMURA SECURITIES CO., LTD.

SUPPLEMENTARY INFORMATION

3. Stock Trading (excluding futures transactions)

 

 

		(Millions of shares or yen except per share data and percentages)
		Three Months Ended												Comparison (A-B)/(B)(%)						Year Ended March 31, 2007
		June 30, 2007 (A)						June 30, 2006 (B)
		Number of shares			Amount			Number of shares			Amount			Number of shares			Amount			Number of shares			Amount
Total		19,968			30,294,565			17,896			27,683,651			11.6	%		9.4	%		71,790			105,345,875
(Brokerage)		12,210			17,902,791			11,118			17,026,314			9.8			5.1			44,825			64,332,556
(Proprietary Trading)		7,758			12,391,773			6,778			10,657,337			14.5			16.3			26,966			41,013,320
Brokerage / Total		61.1	%		59.1	%		62.1	%		61.5	%								62.4	%		61.1	%
TSE Share		6.3	%		7.2	%		6.4	%		7.1	%								6.4	%		7.0	%
Brokerage Commission per share (yen)		2.65						3.11												2.83

4. Underwriting, Subscription, and Distribution

 

		(Millions of shares or yen except percentages)
		Three Months Ended				Comparison (A-B)/(B)(%)			Year Ended March 31, 2007
		June 30, 2007 (A)		June 30, 2006 (B)
Underwriting
Stocks (number of shares)		21		28		(22.7	)%		466
(yen amount)		116,375		259,456		(55.1	)		1,119,862
Bonds (face value)		1,906,052		1,379,246		38.2			6,509,676
Investment trust certificates (yen amount)		—		—		—			—
Beneficial interest (face value)		—		—		—			132,868
Subscripition and Distribution*
Stocks (number of shares)		144		31		360.8			1,023
(yen amount)		171,208		280,625		(39.0	)		1,263,720
Bonds (face value)		1,033,722		885,914		16.7			3,894,257
Investment trust certificates (yen amount)		6,274,150		4,963,785		26.4			21,430,501
Beneficial interest (face value)		—		—		—			52,800

 

*	Includes secondary offering and private placement.

5. Capital Adequacy Ratio

 

 

						(Millions of yen except percentages)
						June 30, 2007			June 30, 2006			March 31, 2007
Tier I				(A)		820,770			836,480			757,358
Tier II		Valuation and translation adjustments				1,451			2,450			2,157
		Statutory reserves				4,661			3,384			4,345
		Allowance for doubtful accounts				96			22			46
		Subordinated debt				310,000			310,000			310,000
		Total		(B)		316,209			315,857			316,549
Illiquid Asset				(C)		165,354			154,561			154,421
Net Capital				(A) + (B) - (C) = (D)		971,624			997,776			919,486
Risk		Market risk				63,531			58,321			53,129
		Counterparty risk				249,849			210,548			253,360
		Basic risk				121,799			106,700			116,905
		Total		(E)		435,181			375,571			423,396
Capital Adequacy Ratio				(D)/(E)		223.2	%		265.6	%		217.1	%

 

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News Release

Nomura Reports First Quarter Financial Results

Tokyo, July 25, 2007—Nomura Holdings, Inc. today reported consolidated financial results for the first quarter of the fiscal year ending March 31, 2008.

Net revenue for the first quarter was 380.7 billion yen (US$3.1billion)¹, a 22.3% increase from the prior quarter and 84.9% year-on-year increase. Income before income taxes jumped 71.8% from the prior quarter to 142.8 billion yen (US$1.2 billion), a more than fourfold increase over the same period last year. Net income more than doubled quarter-on-quarter to 76.7 billion yen (US$622 million), an increase of 3.8 times compared to the prior year. ROE for the first quarter was 13.7%.

“All five business divisions performed well during the first quarter. We are currently undertaking a thorough review of our US operations and remain focused on achieving our overall management objectives,” said Nobuyuki Koga, Nomura President and CEO.

The first quarter dividend will be 8.5 yen per share, in line with the target dividend previously announced. Payment of the dividend is planned for September 1, 2007. As September 1 is a Saturday, payment will start on the next business day.

First quarter highlights

 

•

Domestic Retail: Domestic Client Assets reached a record 88.3 trillion yen as of the end of June. Commissions for the distribution of investment trusts2 of 39.6 billion yen represent record level since the start of quarterly reporting in the fiscal year ended March 31, 2002.

 

•

Global Markets: Record order flow for interest rate and currency-linked structured bonds. Provided 230 million US dollar mezzanine loan power station project in the Philippines.

 

•

Global Investment Banking: Acted as lead manager for large deals such as a public offering by Daikin Industries and ranked number one in Equity and Equity-related league table (Japan-related)3 for six months to June 2007. In M&A, advised on deals including sale of All Nippon Airways’ hotel business and topped league table for Any Japanese Involvement Financial Advisors3.

 

•

Global Merchant Banking: Realized investments in Japan and Europe. Established Asia Merchant Banking in May.

 

•

Asset Management: Total assets under management in Asset Management grew 3.6 trillion yen from the end of March to a record 30 trillion yen.

 

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1

US dollar amounts are included solely for the convenience of the reader and have been translated at the rate of 123.39 yen = 1 US dollar, the noon buying rate in New York for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York on June 29, 2007. This translation should not be construed to imply that the yen amounts actually represent, or have been or could be converted into, equivalent amounts in US dollars.

2	Nomura Securities

3	Source: Thomson Financial

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First quarter business segment results

Domestic Retail

In Domestic Retail, despite a decline in first-quarter net revenue compared to the prior quarter, income before income taxes increased 16.8% quarter-on-quarter to 50.6 billion yen.

Domestic Client Assets rose by 3.1 trillion yen from the end of March to 88.3 trillion yen, while client accounts with a balance reached 4 million. Nomura is well on its way to achieving its target of 100 trillion yen in Domestic Client Assets and 5 million accounts by the end of March 2010.

A total of twelve investment trusts saw sales of over 30 billion yen during the quarter. As a result, commissions for the distribution of investment trusts reached 39.6 billion yen, a record level since the start of quarterly reporting. In addition, investment trust administration fees and other increased for the tenth straight quarter. Stock brokerage commissions, meanwhile, decreased 23.3% from the prior quarter to 22.2 billion yen due to a decline in equity agency transaction value.

Global Markets

In Global Markets, net revenue grew from the prior quarter and income before income taxes increased 8.8% quarter-on-quarter to 26.0 billion yen.

Net revenue in Fixed Income jumped 94.8% compared to the prior quarter, as order flow for interest rate and currency-linked structured bonds reached a record level, more than offsetting the 31.2 billion yen loss booked due to deterioration of the US residential mortgage-backed securities market.

Net revenue in Equity declined 7.0% from the previous quarter due primarily to a drop in MPO trading revenue.

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Global Investment Banking

In Global Investment Banking, the equity underwriting business performed stronger than is normally seen for the first quarter, the M&A-related business enjoyed an increase in activity, and Nomura’s international operations contributed to revenue led by Europe, which has been the focus of a strategic build up. These factors combined to produce a record level of first-quarter net revenue since the start of quarterly reporting. Income before income taxes increased 78.2% from the prior quarter to 20.7 billion yen.

In equity financing, Nomura acted as lead manager for such deals as a public offering by Daikin Industries and a secondary offering by Japan Petroleum Exploration.

In M&A, Nomura acted as financial advisor on All Nippon Airways’ sale of its hotel business and the business restructuring of Jupiter TV by Sumitomo Corporation.

Internationally, Nomura acted as global coordinator on Russia’s largest-ever IPO for PIK Group, a major Russian residential property developer.

Global Merchant Banking

Global Merchant Banking reported income before income taxes of 40.1 billion yen due to the sale of Deutsche Annington, an investee company of Terra Firma in Europe, and Wanbishi Archives, a Nomura Principal Finance investee company.

Asset Management

In Asset Management, net revenue grew from the prior quarter and income before income taxes increased 52.4% quarter-on-quarter to 12.2 billion yen. Sales of the My Story Profit Distribution-type Fund and other funds offering frequent distributions remained strong. The Nomura Global Contrarian Fund and Nomura RAFI^® Japan Equity Fund were launched during the quarter for distribution by Nomura Securities.

In the bank channel, sales of investment trusts that invest in REITs increased. Japan Post saw a steady increase in net assets for the Nomura Global Six Assets Diversified Fund and also began selling the Nomura Asset Design Fund.

In the investment advisory business, the balance of advisory contracts continued to increase steadily. As a result, total assets under management in Asset Management increased by 3.6 trillion yen from the end of March to a record 30.6 trillion yen.

 

		Ends

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For further information please contact:

 

Name		Company		Telephone
Kimiharu Suzuki		Nomura Holdings, Inc.		81-3-3278-0591
Michiyori Fujiwara		Group Corporate Communications Dept.

Notes to editors:

Nomura Group

Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 150 branches in Japan, and an international network in 30 countries; with regional headquarters in Hong Kong, London, and New York. The Group’s business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.

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First quarter of fiscal year ending March 31, 2008 (1)

US GAAP Figures

 

		(Billions of yen)						% change		(Billions of yen)			% change
		June 30, 2007 (2007.4.1 ~ 2007.6.30) (B)			March 31, 2007 (2007.1.1 ~ 2007.3.31) (A)			(B-A)/(A)		June 30, 2006 (2006.4.1 ~ 2006.6.30) (C)			(B-C)/(C)
Net revenue		380.7			311.3			22.3		205.9			84.9
Non-interest expenses		237.9			228.1			4.3		172.5			37.9
Income before income taxes		142.8			83.2			71.8		33.4			327.6
Income tax expense		66.1			50.1			32.0		13.3			398.2
Net income		76.7			33.1			131.9		20.1			281.1
Return on equity (ROE)		13.7	%		6.0	%		—		3.9	%		—
Total of business segments
		(Billions of yen)						% change		(Billions of yen)			% change
		June 30, 2007 (2007.4.1 ~ 2007.6.30) (B)			March 31, 2007 (2007.1.1 ~ 2007.3.31) (A)			(B-A)/(A)		June 30, 2006 (2006.4.1 ~ 2006.6.30) (C)			(B-C)/(C)
Net revenue		352.7			283.6			24.4		209.8			68.1
Non-interest expenses		204.9			—			1.2		155.3			31.9
Income before income taxes		147.9			81.2			82.0		54.4			171.6

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First quarter of fiscal year ending March 31, 2008 (2)

(1) Net revenue

 

		(Billions of yen)						% change			(Billions of yen)			% change
		June 30, 2007 (2007.4.1 ~ 2007.6.30) (B)			March 31, 2007 (2007.1.1 ~ 2007.3.31) (A)			(B-A)/(A)			June 30, 2006 (2006.4.1 ~ 2006.6.30) (C)			(B-C)/(C)
Business segment information:
Domestic Retail		121.8			124.1			(1.8	)		105.6			15.4
Global Markets		108.9			94.6			15.1			68.9			58.1
Global Investment Banking		36.7			26.6			38.1			18.8			95.3
Global Merchant Banking		43.4			(0.9	)		—			12.1			258.1
Asset Management		26.4			24.1			9.7			17.6			49.7
Sub Total		337.3			268.4			25.7			223.1			51.2
Other		15.4			15.2			1.8			(13.3	)		—
Net revenue		352.7			283.6			24.4			209.8			68.1
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(2.6	)		0.3			—			(20.6	)		—
Effect of consolidation/deconsolidation of certain private equity investee companies		30.7			27.4			12.0			16.8			82.4
Net revenue		380.7			311.3			22.3			205.9			84.9
(2) Non-interest expenses
Business segment information:
Domestic Retail		71.3			80.8			(11.8	)		63.1			13.0
Global Markets		82.9			70.6			17.3			54.6			51.8
Global Investment Banking		16.0			15.0			6.9			13.2			20.9
Global Merchant Banking		3.3			4.2			(21.5	)		2.3			42.1
Asset Management		14.2			16.1			(11.6	)		12.4			14.5
Sub Total		187.7			186.7			0.5			145.6			28.9
Other		17.2			15.6			10.1			9.7			77.1
Non-interest expenses		204.9			202.3			1.2			155.3			31.9
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		—			—			—			—			—
Effect of consolidation/deconsolidation of certain private equity investee companies		33.0			25.8			28.2			17.2			92.0
Non-interest expenses		237.9			228.1			4.3			172.5			37.9
(3) Income (loss) before income taxes
Business segment information:
Domestic Retail		50.6			43.3			16.8			42.5			18.8
Global Markets		26.0			23.9			8.8			14.3			81.8
Global Investment Banking		20.7			11.6			78.2			5.6			272.2
Global Merchant Banking		40.1			(5.2	)		—			9.8			309.3
Asset Management		12.2			8.0			52.4			5.2			133.6
Sub Total		149.6			81.7			83.1			77.5			93.2
Other		(1.8	)		(0.5	)		—			(23.0	)		—
Income before income taxes		147.9			81.2			82.0			54.4			171.6
Reconciliation items:
Unrealized gain (loss) on investments in equity securities held for operating purposes		(2.6	)		0.3			—			(20.6	)		—
Effect of consolidation/deconsolidation of certain private equity investee companies		(2.4	)		1.6			—			(0.4	)		—
Income before income taxes		142.8			83.2			71.8			33.4			327.6

*	The major components

Transactions between operating segments are recorded within segment results on commercial terms and conditions and are eliminated in “Other”.

The following table presents the major components of income/(loss) before income taxes in “Other”

 

		(Billions of yen)						% change		(Billions of yen)			% change
		June 30, 2007 (2007.4.1 ~ 2007.6.30) (B)			March 31, 2007 (2007.1.1 ~ 2007.3.31) (A)			(B-A)/(A)		June 30, 2006 (2006.4.1 ~ 2006.6.30) (C)			(B-C)/(C)
Net gain/loss on trading related to economic hedging transactions		(14.4	)		(1.1	)		—		(11.4	)		—
Realized gain (loss) on investments in equity securities held for operating purposes		2.1			0.3			657.9		0.1			1,405.0
Equity in earnings of affiliates		5.1			4.7			7.7		3.3			54.3
Corporate items		(9.7	)		(1.8	)		—		(7.2	)		—
Others		15.1			(2.6	)		—		(7.9	)		—
Total		(1.8	)		(0.5	)		—		(23.0	)		—

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1.	This document is produced by Nomura Holdings, Inc. (“Nomura”). Copyright 2007 Nomura Holdings, Inc. All rights reserved.

 

2.

Nothing in this document shall be considered as an offer to sell or solicitation of an offer to buy any security, commodity or other instrument, including securities issued by Nomura or any affiliate thereof. Offers to sell, sales, solicitations to buy, or purchases of any securities issued by Nomura or any affiliate thereof may only be made or entered into pursuant to appropriate offering materials or a prospectus prepared and distributed according to the laws, regulations, rules and market practices of the jurisdictions in which such offers or sales may be made.

 

3.	No part of this document shall be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Nomura.

 

4.

The information and opinions contained in this document have been obtained from sources believed to be reliable, but no representations or warranty, express or implied, are made that such information is accurate or complete and no responsibility or liability can be accepted by Nomura for errors or omissions or for any losses arising from the use of this information.

 

5.

This document contains statements that may constitute, and from time to time our management may make “forward-looking statements” within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Any such statements must be read in the context of the offering materials pursuant to which any securities may be offered or sold in the United States. These forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size, and the number and timing of transactions.

 

6.	The consolidated financial information in this document is unaudited.

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Notification of Impairment of Investments in Subsidiaries and Affiliates in

Unconsolidated Financial Statements

Tokyo, July 25, 2007—In accordance with the Rules on Timely Disclosure of Tokyo Stock Exchange, Nomura Holdings, Inc. today announced that it has recorded an impairment of its investment in the shares of its subsidiary holding company for the Americas in its unconsolidated financial statements for the first quarter of the fiscal year ending March 31, 2008.

The impact of the impairment on Nomura Holdings’ consolidated financial statements through the year ended March 31, 2007, has already been reflected in Nomura Holdings’ consolidated financial statements for the year ended March 31, 2007. The impact for the first quarter of the year ending March 31, 2008, is reflected in Nomura Holdings’ consolidated financial statements for the quarter ended June 30, 2007, announced today.

 

 

		(billions of yen, except percentages)
(A) Impairment of Investments in Subsidiaries and Affiliates on Unconsolidated Financial Statements for the year ending March 31, 2008		71.7
(B) Shareholders’ equity as of March 31, 2007 (A)/(B)		1,475.3 (4.9%)
(C) Ordinary income for the fiscal year ended March 31, 2007 (A)/(C)		207.2 (34.6%)
(D) Net income for the fiscal year ended March 31, 2007 (A)/(D)		158.2 (45.3%)

 

		Ends

For further information please contact:

 

Name				Company				Telephone
Kimiharu Suzuki Michiyori Fujiwara				Nomura Holdings, Inc. Group Corporate Communications Dept.				81-3-3278-0591

Notes to editors:

Nomura Group

Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 150 branches in Japan, and an international network in 30 countries; with regional headquarters in Hong Kong, London, and New York. The Group’s business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.