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Nomura Holdings (8604) · RiskRestated

Risk of Errors in and Inappropriate Application of Valuation Models

First written in FY2017-Q1. 18 of 21 entries say "Restated". Latest entry: FY2026-H1.

21entries
10years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2020-Q2RestatedFY2021-Q2 – FY2026-H12016: 220162017: 320172018: 220182019: 320192020: 220202021: 220212022: 220222023: 220232024: 220242025: 12025
Same theme, other companies
Decision-making risk arising from model uncertainty and misuseA theme 5 companies write about · 5 as a headwind · 1 as a tailwind

0 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「Fair value measurement models and the assumptions underlying those models affect the amount and timing of unrealized and realized gains and losses. Valuation uncertainty arises from various factors, including the selection of valuation techniques and models, quantitative assumptions used in valuation models, and the data and other factors used in the models.」

    Nomura continues to disclose uncertainty in fair value measurement arising from valuation models, the underlying assumptions, data, and other factors.
  2. FY2025-H1RestatedAnnual report

    「Fair value measurement models and the assumptions underlying those models affect the amount and timing of unrealized and realized gains and losses. Valuation uncertainty arises from various factors, including the selection of valuation techniques and models, quantitative assumptions used in valuation models, and the data and other factors used in the models.」

    Nomura continues to disclose uncertainty in fair value measurement arising from valuation models, the underlying assumptions, unobservable data, and other factors.
  3. FY2024-Q3RestatedAnnual report

    「Fair value measurement models and the assumptions underlying those models affect the amount and timing of unrealized and realized gains and losses. Valuation uncertainty arises from various factors, including the selection of valuation techniques and models, quantitative assumptions used in valuation models, and the data and other factors used in the models.」

    Nomura continues to disclose uncertainty in fair value measurement arising from valuation models, the underlying assumptions, unobservable data, and other factors.
  4. FY2024-Q1RestatedAnnual report

    「Fair value measurement models and the assumptions underlying those models affect the amount and timing of unrealized and realized gains and losses.」

    Nomura continues to disclose uncertainty in fair value measurement arising from valuation models, the underlying assumptions, unobservable data, and other factors.
  5. FY2023-Q3RestatedAnnual report

    「Fair value measurement models and the assumptions underlying those models affect the amount and timing of unrealized and realized gains and losses.」

    Nomura continues to disclose the potential for valuation uncertainty and financial impacts arising from model assumptions, valuation techniques, and data.
  6. FY2023-Q1RestatedAnnual report

    「Fair value measurement models and the assumptions underlying those models affect the amount and timing of unrealized and realized gains and losses. Valuation uncertainty arises from various factors, including the selection of valuation techniques and models, quantitative assumptions used in valuation models, and the data and other factors used in the models.」

    Nomura continues to disclose the risks of financial losses and valuation uncertainty arising from valuation model errors or inappropriate application, unobservable data, and assumptions.
  7. FY2022-Q3RestatedAnnual report

    「Model risk refers to the risk that model errors or the inaccurate or inappropriate application of models may result in financial losses, incorrect decisions, or a decline in customer confidence.」

    Nomura continues to define model risk as including financial losses, incorrect decisions, and a decline in customer confidence.
  8. FY2022-Q2RestatedAnnual report

    「Model risk refers to the risk that model errors or the inaccurate or inappropriate application of models may result in financial losses, incorrect decisions, or a decline in customer confidence.」

    Nomura continues to define model risk as including financial losses, incorrect decisions, and a decline in customer confidence.
  9. FY2021-Q3RestatedAnnual report

    「Model risk refers to the risk that model errors or the inaccurate or inappropriate application of models may result in financial losses, incorrect decisions, or a decline in customer confidence.」

    Nomura continues to define model risk as including financial losses, incorrect decisions, and a decline in customer confidence.
  10. FY2021-Q2RestatedAnnual report

    「Model risk refers to the risk that model errors or the inaccurate or inappropriate application of models may result in financial losses, incorrect decisions, or a decline in customer confidence.」

    Nomura continues to define model risk as including financial losses, incorrect decisions, and a decline in customer confidence.
  11. FY2021-Q1ReframedAnnual report

    「Model risk refers to the risk that model errors or the inaccurate or inappropriate application of models may result in financial losses, incorrect decisions, or a decline in customer confidence.」

    Model risk is defined to include not only financial losses but also incorrect decisions and a decline in customer confidence, with the entire model lifecycle within the scope of management.
  12. FY2020-Q2RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. Model errors can arise at any point from the setting of assumptions through implementation.」

    Nomura continues to address risks relating to model assumptions, implementation, input data, and use, and to maintain a model risk appetite.
  13. FY2020-Q1RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. Model errors can arise at any point from the setting of assumptions through implementation.」

    Nomura continues to address risks relating to model assumptions, implementation, input data, and use, and to maintain a model risk appetite.
  14. FY2019-Q3RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. To address these risks, Nomura has established a model risk appetite.」

    Nomura continues to address risks relating to model assumptions, implementation, input data, and use, and to maintain its model risk appetite.
  15. FY2019-Q1RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. To address these risks, Nomura has established a model risk appetite comprising qualitative statements and quantitative metrics.」

    Nomura continues to address risks relating to model assumptions, implementation, input data, and use, and to maintain a model risk appetite comprising qualitative and quantitative metrics.
  16. FY2018-Q3RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. To address these risks, Nomura has established a model risk appetite comprising qualitative statements and quantitative metrics. The qualitative statements explicitly address the inaccurate or inappropriate application of models. The quantitative metrics are based on potential losses arising from model risk.」

    Nomura continues to address risks relating to model errors and inappropriate application, and to maintain a model risk appetite comprising qualitative and quantitative metrics.
  17. FY2018-Q2RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. To address these risks, Nomura has established a model risk appetite comprising qualitative statements and quantitative metrics. The qualitative statements explicitly address the inaccurate or inappropriate application of models. The quantitative metrics are based on potential losses arising from model risk.」

    Nomura continues to address risks relating to model errors and inappropriate application, and to maintain a model risk appetite comprising qualitative and quantitative metrics.
  18. FY2018-Q1RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. To address these risks, Nomura has established a model risk appetite comprising qualitative statements and quantitative metrics.」

    Nomura continues to address risks relating to model assumptions, implementation, input data, and use, and to maintain its model risk appetite.
  19. FY2017-Q3RestatedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models. To address these risks, Nomura has established a model risk appetite comprising qualitative statements and quantitative metrics.」

    Nomura continues to disclose risks relating to model assumptions, implementation, input data, and use, as well as the establishment of a model risk appetite.
  20. FY2017-Q2AdvancedAnnual report

    「To address these risks, Nomura has established a model risk appetite comprising qualitative statements and quantitative metrics. The qualitative statements explicitly address the inaccurate or inappropriate application of models. The quantitative metrics are based on potential losses arising from model risk.」

    In addition to defining model risk, Nomura explicitly describes the establishment of a model risk appetite comprising qualitative and quantitative metrics.
  21. FY2017-Q1First statedAnnual report

    「Model risk refers to the risk of incurring losses in connection with valuation and risk models due to model errors or the inaccurate or inappropriate application of models.」

    Model risk is defined as the risk of errors arising at any stage of setting model assumptions, implementation, input data, or use.
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