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Financial statements

NOMURA HOLDINGS INC financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data NOMURA HOLDINGS INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2009FY2010
Revenue14,52616,741
Interest expense2,2053,079
Income tax398741
Net income to minority interests340
Net income726346
EPS, basic0.230.10
EPS, diluted0.230.09
Shares, basic (weighted)3,1273,628
Shares, diluted (weighted)3,1393,643
Dividend per share0.10

Balance sheet

FY2009FY2010
Cash and equivalents12,33319,579
Property, plant and equipment3,8244,737
Goodwill965849
Total assets345,080443,366
Short-term debt13,93614,102
Total liabilities322,243418,092
Total debt77,078101,534
Paid-in capital6,8087,810
Retained earnings11,50112,921
Treasury stock-733-1,181
Other comprehensive income-1,169-1,567
Shareholders' equity22,77225,166
Minority interests65108
Total equity22,83725,274
Total liabilities and equity345,080443,366
Shares outstanding3,6693,601

Cash flow statement

FY2009FY2010
Net income729386
Depreciation and amortization782913
Stock-based compensation104225
Deferred income tax210667
Change in receivables-2,657-4,286
Change in payables1,4983,861
Cash from operations-16,068-2,841
Capital expenditures-889-2,252
Purchases of investments-25-2
Sales and maturities of investments1439
Cash from investing-2,887-5,114
Debt issued32,75427,400
Debt repaid-15,749-14,355
Stock issued4,782
Share buybacks0-452
Dividends paid-119-351
Cash from financing23,30315,518
Exchange rate effect10-317
Net change in cash4,3587,246
Free cash flow-16,957-5,093
Interest paid2,2563,138
Income taxes paid-674390

Key metrics

Worked out from the statements above. Latest values use fiscal 2010. Valuation uses the share price of $10.08 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Net margin2.1%Net income / revenue.
FCF margin-30.4%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-17.0%Cash from operations / revenue.
Return on equity (ROE)1.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)0.1%Net income / average total assets.
Stock-based pay / revenue1.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue13.5%Capital expenditures / revenue.
D&A / revenue5.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y15.2%Revenue vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-52.3%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-60.9%EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y10.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y28.5%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y16.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity4.03xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets22.9%Total debt / total assets.
Liabilities / assets94.3%Total liabilities / total assets.
Net debt$81.96BTotal debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets0.2%(Goodwill + intangible assets) / total assets.
Tangible book value$24.32BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.04xRevenue / average total assets.
Fixed asset turnover3.91xRevenue / average property, plant and equipment.
FCF conversion-1,472.0%Free cash flow / net income, when net income is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$0.09Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic$0.10Net income per basic share, as reported (split-adjusted).
Revenue per share$4.60Revenue / diluted weighted shares.
FCF per share-$1.40Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.78Cash from operations / diluted weighted shares.
Book value per share$6.99Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$6.75Tangible book value / shares outstanding.
Cash per share$5.44(Cash + short-term investments) / shares outstanding.
Dividend per share$0.10Dividend declared per common share (paid, when declared is not tagged).
Payout ratio101.4%Dividends paid / net income, when net income is positive.

Valuation

MetricValueHow it is calculated
Market cap$29.23BShare price x shares outstanding.
Enterprise value$111.19BMarket cap + total debt - cash - short-term investments.
P/E84.5xMarket cap / net income. Only when net income is positive.
P/S1.75xMarket cap / revenue.
P/B1.16xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.20xMarket cap / tangible book value, when positive.
EV/Sales6.64xEnterprise value / revenue.
FCF yield-17.4%Free cash flow / market cap.
Earnings yield1.2%Net income / market cap (the inverse of P/E).
Dividend yield1.2%Dividends paid over the period / market cap.
Shareholder yield2.7%(Dividends paid + share buybacks) / market cap.
What was NOMURA HOLDINGS INC's revenue in fiscal 2010?

NOMURA HOLDINGS INC reported revenue of $16.74B for fiscal 2010, 15.2% higher than the year before.

Was NOMURA HOLDINGS INC profitable in fiscal 2010?

Yes. Net income was $346.0M, a net margin of 2.1%.

How much free cash flow did NOMURA HOLDINGS INC generate in fiscal 2010?

Cash from operations of $2.84B minus capital expenditures of $2.25B left free cash flow of -$5.09B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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