Risk of Losses from Global Litigation and Legal Proceedings
First written in FY2017-Q1. 14 of 25 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026-H1.
- FY2026-H1WorsenedAnnual report
「As of 14 November 2025, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥5.8 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥3.7 billion in the previous disclosure to approximately ¥5.8 billion. Recognized liabilities also increased from ¥1.424 billion at the end of March 2025 to ¥2.555 billion. - FY2025-H1WorsenedAnnual report
「As of 14 November 2024, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥3.7 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥3.3 billion as of February 2024 to approximately ¥3.7 billion. Recognized liabilities amounted to ¥1.678 billion, and legal proceedings in Italy, Taiwan, India, Germany and elsewhere remain ongoing. - FY2024-Q3MitigatedAnnual report
「As of 14 February 2024, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥3.3 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥5.2 billion as of August 2023 to approximately ¥3.3 billion. Recognized liabilities also decreased from ¥4.2459 billion at the end of March 2023 to ¥2.1043 billion. Meanwhile, unresolved proceedings, including an appeal in the Taiwan lawsuit, the India lawsuit and new notices in Italy, remain ongoing. - FY2024-Q1WorsenedAnnual report
「As of 14 August 2023, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥5.2 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥4.3 billion previously to approximately ¥5.2 billion. In addition, a search of the Frankfurt office was conducted in April 2023 as part of an investigation into trading in German shares around their dividend record dates. - FY2023-Q3MitigatedAnnual report
「As of 14 February 2023, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.3 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥6.5 billion in the previous disclosure to approximately ¥4.3 billion. Recognized liabilities also decreased from ¥7.6866 billion at the end of March 2022 to ¥5.9346 billion. - FY2023-Q2WorsenedAnnual report
「As of 14 November 2022, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥6.5 billion.」
The estimated maximum loss remained unchanged at approximately ¥6.5 billion from the previous disclosure, while recognized liabilities increased from ¥7.6866 billion at the end of March 2022 to ¥8.1479 billion. - FY2023-Q1MitigatedAnnual report
「As of 15 August 2022, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥6.5 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥10.6 billion in the previous disclosure to approximately ¥6.5 billion. Meanwhile, recognized liabilities increased from ¥7.6866 billion to ¥8.133 billion. - FY2022-Q3WorsenedAnnual report
「As of 14 February 2022, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥10.6 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥9.4 billion previously to approximately ¥10.6 billion. Recognized liabilities related to unresolved lawsuits and other matters amounted to ¥8.281 billion. - FY2022-Q2WorsenedAnnual report
「As of 15 November 2021, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥9.4 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥6.8 billion in the previous disclosure to approximately ¥9.4 billion. - FY2022-Q1WorsenedAnnual report
「As of 16 August 2021, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥6.8 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥4.6 billion in the previous disclosure to approximately ¥6.8 billion. - FY2021-Q3WorsenedAnnual report
「As of 15 February 2021, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.6 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥4.3 billion previously to approximately ¥4.6 billion. - FY2021-Q2MitigatedAnnual report
「As of 16 November 2020, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.3 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥4.4 billion previously to approximately ¥4.3 billion. The end of certain proceedings, including the settlement of the FMPS lawsuit, was also reported. - FY2021-Q1WorsenedAnnual report
「As of 14 August 2020, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.4 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥3.7 billion in the previous disclosure to approximately ¥4.4 billion. - FY2020-Q3MitigatedAnnual report
「As of 14 February 2020, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥3.7 billion. On 16 December 2019, our US subsidiaries entered into a settlement agreement with the Federal Home Loan Bank of Boston providing for a payment of US$34 million. The lawsuit was subsequently withdrawn, bringing the matter to a close.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥4.2 billion previously to approximately ¥3.7 billion. In addition, the lawsuit with the Federal Home Loan Bank of Boston ended with a US$34 million settlement. Meanwhile, unresolved legal proceedings, including the Italian criminal court judgment, remain ongoing. - FY2020-Q2WorsenedAnnual report
「As of 14 November 2019, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.2 billion.」
The estimated maximum loss increased from approximately ¥4.1 billion previously to approximately ¥4.2 billion. In addition, the Milan Criminal Court of Italy ordered NIP and former NIP officers and employees to pay a fine of €3.45 million and forfeit €88 million in profits, although the judgment may be appealed and the final amount of the liability remains undetermined. - FY2020-Q1WorsenedAnnual report
「As of 14 August 2019, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.1 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥3.4 billion previously to approximately ¥4.1 billion. In addition, NSI reached a settlement with the SEC concerning the supervision of former employees and will pay US$25 million to customers and US$1.5 million to the SEC. - FY2019-Q3MitigatedAnnual report
「As of 14 February 2019, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥3.4 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥3.5 billion previously to approximately ¥3.4 billion. - FY2019-Q2MaterialisedAnnual report
「On 15 October 2018, our US subsidiary entered into a settlement agreement with the US Department of Justice providing for a payment of US$480 million, bringing the matter to a close.」
An actual settlement payment of US$480 million was made in connection with the US Department of Justice's RMBS investigation. Meanwhile, as of 14 November 2018, the aggregate maximum reasonably possible loss in excess of recognized liabilities was approximately ¥3.5 billion, down from approximately ¥8 billion previously. - FY2019-Q1WorsenedAnnual report
「As of 14 August 2018, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥8 billion.」
The estimated maximum loss in excess of recognized liabilities increased substantially from approximately ¥2.5 billion previously to approximately ¥8 billion. Meanwhile, the government-sponsored entity RMBS lawsuit ended when the Supreme Court rejected the appeal. - FY2018-Q3MitigatedAnnual report
「As of 14 February 2018, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥2.5 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥4.1 billion previously to approximately ¥2.5 billion. In addition, the lawsuit with the Municipality of Civitavecchia ended under a settlement agreement dated 20 December 2017. - FY2018-Q2MitigatedAnnual report
「As of 14 November 2017, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.1 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥4.5 billion previously to approximately ¥4.1 billion. Meanwhile, proceedings for which the loss amount cannot reasonably be estimated, including RMBS repurchase claims and regulatory investigations, remain ongoing. - FY2018-Q1MitigatedAnnual report
「As of 14 August 2017, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥4.5 billion.」
The estimated maximum loss in excess of recognized liabilities decreased from approximately ¥5.2 billion previously to approximately ¥4.5 billion. Meanwhile, proceedings for which the loss amount cannot reasonably be estimated, including RMBS-related repurchase claims and regulatory investigations, remain ongoing. - FY2017-Q3WorsenedAnnual report
「As of 14 February 2017, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥5.2 billion.」
The estimated maximum loss in excess of recognized liabilities increased from approximately ¥5.1 billion in the previous disclosure to approximately ¥5.2 billion. - FY2017-Q2WorsenedAnnual report
「As of 14 November 2016, in cases where the range of reasonably possible losses can be estimated, we estimate that the aggregate maximum reasonably possible loss in excess of any amounts recognized as liabilities is approximately ¥5.1 billion.」
While settlements were reached in some lawsuits, litigation and investigations remain pending, and the estimated maximum loss in excess of recognized liabilities was approximately ¥5.1 billion. - FY2017-Q1MaterialisedAnnual report
「As a global financial institution, Nomura is unavoidably involved in litigation and other legal proceedings in the ordinary course of business. As a result, Nomura may be required to bear fines, penalties, damages or settlement payments, as well as litigation and legal fees.」
Multiple lawsuits and legal proceedings are currently pending, and the aggregate maximum reasonably possible loss in excess of the amounts recognized as liabilities is estimated at approximately ¥5 billion.