Komori
Nomura Holdings (8604) · FactWorsened

Increase in the Financial Leverage Ratio Due to Growth in Total Assets

First written in FY2018-Q2. 17 of 23 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-08-03.

23entries
10years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q2 – FY2020-Q3WorsenedFY2022-Q2 – FY2023-Q2WorsenedFY2024-Q1 – 2026-08-032017: 12018: 320182019: 320192020: 320202021: 320212022: 320222023: 220232024: 220242025: 120252026: 22026
Same theme, other companies
Increase in financial leverage accompanying total-asset growthA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  2. FY2026-H1WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 16.4x as of 31 March 2025 to 17.3x as of 30 September 2025.」

    Due to increased trading assets and other factors, the leverage ratio increased from 16.4x to 17.3x, while the adjusted leverage ratio increased from 11.0x to 12.2x.
  3. FY2025-H1WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 16.5x as of 31 March 2024 to 17.4x as of 30 September 2024.」

    Due to increased trading assets and decreased shareholders' equity, the leverage ratio increased from 16.5x to 17.4x, while the adjusted leverage ratio increased from 10.2x to 11.3x.
  4. FY2024-Q3WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.2x as of 31 March 2023 to 16.7x as of 31 December 2023.」

    Against a backdrop that included a 14.6% increase in total assets from the end of the previous fiscal year, the leverage ratio increased from 15.2x to 16.7x, while the adjusted leverage ratio increased from 9.4x to 10.5x.
  5. FY2024-Q1WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.2x as of 31 March 2023 to 16.1x as of 30 June 2023.」

    Against a backdrop of increases in total assets and trading assets, the leverage ratio increased from 15.2x to 16.1x, while the adjusted leverage ratio increased from 9.4x to 10.2x.
  6. FY2023-Q3MitigatedAnnual report

    「As a result, Nomura's leverage ratio increased from 14.9x as of 31 March 2022 to 15.7x as of 31 December 2022.」

    The leverage ratio decreased from 16.3x at the end of the previous quarter to 15.7x, and the adjusted leverage ratio also decreased from 9.7x at the end of the previous quarter to 9.3x. However, both were higher than at the end of the fiscal year.
  7. FY2023-Q2WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 14.9x as of 31 March 2022 to 16.3x as of 30 September 2022.」

    Against a backdrop that included an 18.7% increase in total assets, the leverage ratio increased from 14.9x to 16.3x, while the adjusted leverage ratio increased from 9.1x to 9.7x.
  8. FY2023-Q1WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 14.9x as of 31 March 2022 to 16.0x as of 30 June 2022.」

    Against a backdrop of increased total assets, the leverage ratio increased from 14.9x to 16.0x, while the adjusted leverage ratio increased from 9.1x to 9.7x.
  9. FY2022-Q3WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.8x as of 31 March 2021 to 16.1x as of 31 December 2021.」

    Against a backdrop of increased total assets, the leverage ratio increased from 15.8x to 16.1x. Meanwhile, the adjusted leverage ratio decreased from 9.8x to 9.7x.
  10. FY2022-Q2WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.8x as of 31 March 2021 to 15.9x as of 30 September 2021. The adjusted leverage ratio increased from 9.8x as of 31 March 2021 to 10.0x as of 30 September 2021.」

    The leverage ratio increased from 15.8x to 15.9x, while the adjusted leverage ratio increased from 9.8x to 10.0x.
  11. FY2022-Q1MitigatedAnnual report

    「As a result, Nomura's leverage ratio decreased from 15.8x as of 31 March 2021 to 15.3x as of 30 June 2021. The adjusted leverage ratio decreased from 9.8x as of 31 March 2021 to 9.4x as of 30 June 2021.」

    The leverage ratio and adjusted leverage ratio both decreased due to a decline in total assets and an increase in shareholders' equity.
  12. FY2021-Q3MitigatedAnnual report

    「As a result, Nomura's leverage ratio decreased from 16.6x as of 31 March 2020 to 16.0x as of 31 December 2020. The adjusted leverage ratio decreased from 10.6x as of 31 March 2020 to 9.9x as of 31 December 2020.」

    The leverage ratio decreased from 16.6x to 16.0x, and the adjusted leverage ratio decreased from 10.6x to 9.9x, compared with the end of March 2020.
  13. FY2021-Q2WorsenedAnnual report

    「As a result, Nomura's leverage ratio decreased from 16.6x as of 31 March 2020 to 15.6x as of 30 September 2020.」

    The leverage ratio increased from 14.9x at the end of the previous quarter to 15.6x, while the adjusted leverage ratio increased from 9.8x to 9.9x.
  14. FY2021-Q1MitigatedAnnual report

    「As a result, Nomura's leverage ratio decreased from 16.6x as of 31 March 2020 to 14.9x as of 30 June 2020. The adjusted leverage ratio decreased from 10.6x as of 31 March 2020 to 9.8x as of 30 June 2020.」

    The leverage ratio and adjusted leverage ratio both decreased due to a decline in total assets and an increase in shareholders' equity.
  15. FY2020-Q3WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.6x as of 31 March 2019 to 17.1x as of 31 December 2019. The adjusted leverage ratio increased from 9.0x as of 31 March 2019 to 9.9x as of 31 December 2019.」

    Against a backdrop of increased total assets and other factors, the leverage ratio increased from 16.9x at the end of the previous quarter to 17.1x, while the adjusted leverage ratio was 9.9x.
  16. FY2020-Q2WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.6x as of 31 March 2019 to 16.9x as of 30 September 2019. The adjusted leverage ratio increased from 9.0x as of 31 March 2019 to 10.1x as of 30 September 2019.」

    Against a backdrop of increased trading assets and other factors, the leverage ratio increased from 15.6x to 16.9x, while the adjusted leverage ratio increased from 9.0x to 10.1x.
  17. FY2020-Q1WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.6x as of 31 March 2019 to 16.0x as of 30 June 2019. ...The adjusted leverage ratio increased from 9.0x as of 31 March 2019 to 10.0x as of 30 June 2019.」

    Against a backdrop of increased trading assets and other factors, the leverage ratio increased from 15.6x to 16.0x, while the adjusted leverage ratio increased from 9.0x to 10.0x.
  18. FY2019-Q3WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 14.7x as of 31 March 2018 to 16.9x as of 31 December 2018. The adjusted leverage ratio increased from 8.8x as of 31 March 2018 to 9.9x as of 31 December 2018.」

    Against a backdrop of increased total assets and decreased shareholders' equity, the leverage ratio increased from 15.3x at the end of the previous quarter to 16.9x, while the adjusted leverage ratio increased from 9.1x to 9.9x.
  19. FY2019-Q2WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 14.7x as of 31 March 2018 to 16.2x as of 30 September 2018.」

    Due in part to a 12.4% increase in total assets from the end of the previous fiscal year, the leverage ratio increased from 15.3x at the end of the previous quarter to 16.2x. The adjusted leverage ratio was unchanged at 9.1x.
  20. FY2019-Q1MitigatedAnnual report

    「As a result, Nomura's leverage ratio increased from 14.7x as of 31 March 2018 to 15.3x as of 30 June 2018. The adjusted leverage ratio increased from 8.8x as of 31 March 2018 to 9.1x as of 30 June 2018.」

    The accounting leverage ratio decreased from 15.7x in the previous disclosure to 15.3x, while the adjusted leverage ratio was unchanged at 9.1x. However, both metrics were higher than at the end of the previous fiscal year.
  21. FY2018-Q3WorsenedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.4x as of 31 March 2017 to 15.7x as of 31 December 2017. The adjusted leverage ratio increased from 8.6x as of 31 March 2017 to 9.1x as of 31 December 2017.」

    Against a backdrop of increases in total assets and trading assets, the accounting leverage ratio increased from 15.6x to 15.7x, while the adjusted leverage ratio increased from 9.0x to 9.1x.
  22. FY2018-Q2First statedAnnual report

    「As a result, Nomura's leverage ratio increased from 15.4x as of 31 March 2017 to 15.6x as of 30 September 2017. The adjusted leverage ratio increased from 8.6x as of 31 March 2017 to 9.0x as of 30 September 2017.」

    Against a backdrop of increases in total assets and trading assets, the accounting leverage ratio increased from 15.4x to 15.6x, while the adjusted leverage ratio increased from 8.6x to 9.0x.
Moved together

"Drawn and Undrawn Leveraged Finance Commitments" moved the same way as this thread, in the same document, in 14 of its 23 moves.

14131210109★123456
  1. ★This thread
  2. 1Drawn and Undrawn Leveraged Finance Commitments14×
  3. 2Continuing Involvement with Securitization and Variable Interest Entities and Maximum Exposure to Loss13×
  4. 3Credit exposure and hedging associated with short credit derivative positions12×
  5. 4Unstable Market Conditions and Customers’ Wait-and-See Stance10×
  6. 5Risk of Losses from Global Litigation and Legal Proceedings10×
  7. 6Additional Collateral and Settlement Risks for Derivatives in the Event of a Credit Rating Downgrade9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Nomura Holdings's next results are scheduled for 2026-10-28. Read the earnings preview It last moved in the Earnings presentation of 2026-08-03: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.