Nomura Holdings, Inc. (NMR) Balance Sheet

NYSE: NMRAssets, liabilities, debt and equity over 10 years.

NMR balance sheet, FY2026

March 31, 2026 · Japanese yen

¥62.65T assets = ¥58.79T liabilities + ¥3.85T equity

What it owns¥62.65TCash & ST investments: ¥5.01T (8.0%)¥5.01TReceivables: ¥1.80T (2.9%)Other current: ¥52.28T (83.4%)Other current¥52.28T · 83%PP&E: ¥543.85B (0.9%)Goodwill & intangibles: ¥315.38B (0.5%)LT investments: ¥17.24T (27.5%)LT investments¥17.24T · 28%=How it is financed¥62.65TCurrent liabilities: ¥41.43T (66.1%)Current liabilities¥41.43T · 66%Long-term debt: ¥15.93T (25.4%)Long-term debt¥15.93T · 25%Other LT liabilities: ¥1.43T (2.3%)Shareholders’ equity: ¥3.85T (6.2%)

Both columns are drawn to the same scale: what NMR owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NMR financial health

Current ratio1.43
Adequate · current assets cover current liabilities 1.43×
Debt / equity4.67
High leverage · ¥4.67 of debt for each $1 of equity
Equity / assets5.9%
Thin equity · of assets funded by shareholders
Cash / debt29.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.5%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

NMR balance sheet trends, FY2017–FY2026

MetricTrendThenLatestChange
Total assets¥42.85TFY2017¥62.65TFY2026+4.3%/yr
Total liabilities¥40.01TFY2017¥58.79TFY2026+4.4%/yr
Shareholders’ equity¥2.79TFY2017¥3.71TFY2026+3.2%/yr
Cash & short-term investments¥2.97TFY2017¥5.01TFY2026+6.0%/yr
Total debt¥25.17TFY2017¥17.30TFY2026−4.1%/yr
Net cash (debt)−¥22.20TFY2017−¥12.29TFY2026+¥9.9T
Working capital−¥24.13TFY2017¥17.65TFY2026+¥41.8T
Current ratio0.15FY20171.43FY2026+1.27
Debt / equity9.02FY20174.67FY2026−4.36
Shares outstanding3.65BFY20173.04BFY2026−2.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NMR assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NMR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NMR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NMR balance sheet in Japanese yen

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Assets
Cash & short-term investments¥5.01T¥5.51T¥5.15T¥4.52T¥14.65T¥4.16T¥3.87T¥3.26T¥2.96T¥2.97T
Cash & equivalents¥4.30T¥5.51T¥5.15T¥4.52T¥4.06T¥4.16T¥3.87T¥3.26T¥2.96T¥2.97T
Short-term investments¥709.64B—¥545.84B¥409.08B¥10.59T¥281.42B¥309.37B¥5.20T¥315.44B¥207.79B
Receivables¥1.80T¥1.64T¥1.68T¥1.50T¥5.41T¥1.25T¥2.27T¥1.34T¥1.41T¥1.31T
Inventory¥0¥0−¥62.53T¥9.44T¥8.64T¥7.93T¥13.01B¥1.88B¥1.96B¥0
Other current assets¥52.28T¥28.00B¥62.55T¥0¥0¥0¥3.25B¥20.40T¥19.56T¥10.70B
Total current assets¥59.08T¥7.18T¥6.86T¥6.04T¥20.51T¥5.43T¥6.16T¥25.00T¥23.93T¥4.29T
Property, plant & equipment (net)¥543.85B¥436.45B¥448.79B¥464.32B¥419.05B¥464.45B¥440.51B¥349.37B¥338.98B¥349.70B
Goodwill & intangible assets¥315.38B¥73.34B¥38.39B¥36.19B¥30.01B¥29.04B¥17.78B¥19.79B¥99.45B¥104.82B
Long-term investments¥17.24T¥15.24T¥13.96T¥18.45T¥16.28T¥16.66T¥18.27T¥15.88T¥16.52T¥17.23T
Other non-current assets¥0¥33.87T¥33.84T¥22.79T¥6.17T¥19.94T¥19.12T¥0¥0¥20.88T
Total assets¥62.65T¥56.80T¥55.15T¥47.77T¥43.41T¥42.52T¥44.00T¥40.97T¥40.59T¥42.85T
Liabilities
Accounts payable¥1.60T¥1.38T¥1.31T¥1.36T¥1.52T¥1.45T¥1.47T¥1.23T¥1.18T¥1.07T
Short-term debt¥1.75T¥17.41T¥17.93T¥15.23T¥13.62T¥14.73T¥17.84T¥15.88T¥15.50T¥17.64T
Deferred revenue——−¥48.35T—−¥40.44T——¥11.90B¥34.18B¥24.21B
Total current liabilities¥41.43T¥33.82T¥33.08T¥29.76T¥28.69T¥27.42T¥29.52T¥27.12T¥26.48T¥28.43T
Long-term debt¥15.93T¥13.37T¥12.45T¥10.40T¥9.36T¥8.10T¥7.90T¥7.96T¥7.38T¥7.20T
Lease obligations¥156.28B¥174.13B¥189.81B¥193.88B¥198.13B¥206.87B¥192.16B¥0¥0¥0
Other long-term liabilities¥1.43T¥6.03T¥6.17T¥4.39T¥2.39T¥4.24T¥3.84T¥3.21T¥3.68T¥4.39T
Total liabilities¥58.79T¥53.22T¥51.70T¥44.55T¥40.44T¥39.76T¥41.27T¥38.29T¥37.79T¥40.01T
Shareholders' equity
Common stock & paid-in capital¥594.49B¥594.49B¥594.49B¥594.49B¥594.49B¥594.49B¥594.49B¥594.49B¥594.49B¥594.49B
Retained earnings (deficit)¥2.01T¥1.87T¥1.71T¥1.65T¥1.61T¥1.53T¥1.65T¥1.49T¥1.70T¥1.66T
Treasury stock—————−¥91.25B−¥243.60B−¥108.97B−¥157.99B−¥182.79B
Accumulated other comprehensive income¥548.22B¥447.81B¥459.98B¥318.45B¥127.97B−¥38.14B−¥26.11B−¥29.05B−¥59.36B¥33.65B
Minority interest¥147.05B¥110.12B¥98.32B¥75.58B———¥0¥0¥0
Total shareholders' equity¥3.71T¥3.47T¥3.35T¥3.15T¥2.91T¥2.69T¥2.65T¥2.63T¥2.75T¥2.79T
Key figures
Total debt¥17.30T¥31.35T¥30.96T¥26.15T¥23.48T¥23.30T¥26.52T¥24.21T¥23.30T¥25.17T
Net cash (debt)−¥12.29T−¥25.83T−¥25.81T−¥21.63T−¥8.83T−¥19.14T−¥22.65T−¥20.95T−¥20.34T−¥22.20T
Working capital¥17.65T−¥26.63T−¥26.22T−¥23.72T−¥8.18T−¥21.99T−¥23.36T−¥2.12T−¥2.55T−¥24.13T
Tangible book value¥3.39T¥3.40T¥3.31T¥3.11T¥2.88T¥2.67T¥2.64T¥2.61T¥2.65T¥2.69T
Shares outstanding3.04B3.07B3.14B3.11B3.16B3.15B3.28B3.36B3.54B3.65B
Current ratio1.430.210.210.200.710.200.210.920.900.15
Quick ratio0.160.210.210.200.700.200.210.170.170.15
Debt / equity4.679.039.248.318.068.6510.009.208.479.02
Equity / assets5.9%6.1%6.1%6.6%6.7%6.3%6.0%6.4%6.8%6.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed June 22, 2026); data from EODHD.

NMR financial position

At the end of fiscal 2026 (March 31, 2026), Nomura had total assets of ¥62.65 trillion (up 10.3% from a year earlier), total liabilities of ¥58.79 trillion and shareholders' equity of ¥3.71 trillion. It held ¥5.01 trillion in cash and short-term investments against ¥17.30 trillion of debt, net debt of ¥12.29 trillion. Its current ratio was 1.43. In the latest quarter (ended June 30, 2026) total assets were ¥68.22 trillion and equity ¥3.83 trillion.

Related: NMR income statement, NMR cash flow statement, NMR key metrics. See the NMR stock overview for the latest quote and news.

NMR balance sheet FAQ

What are Nomura's total assets?

Nomura reported total assets of ¥62.65 trillion at the end of fiscal 2026 (March 31, 2026), compared with ¥56.80 trillion a year earlier.

How much debt does Nomura have?

Nomura had ¥17.30 trillion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.67.

How much cash does Nomura have?

Nomura held ¥5.01 trillion in cash and short-term investments at the end of fiscal 2026; with ¥17.30 trillion of debt that is net debt of ¥12.29 trillion.

What is Nomura's book value?

Nomura's shareholders' equity (book value) was ¥3.71 trillion at the end of fiscal 2026.

What is Nomura's current ratio?

Nomura had current assets of ¥59.08 trillion and current liabilities of ¥41.43 trillion, a current ratio of 1.43 (it can cover its short-term obligations).

How much goodwill does Nomura have?

Nomura carried ¥315.4 billion of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2026.

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