Concentration of Credit Risk in Government, Local Government and Government-Affiliated Institution Bonds
First written in FY2017-Q1. 11 of 25 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026-H1.
Nomura Holdings moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 31 of 93 companies on the "Worse" side.
12 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Government, local government and government agency bonds, including securities pledged as collateral, accounted for 17% of total assets at the end of the previous fiscal year and 18% at the end of the interim consolidated fiscal period.」
Government, local government and government agency bonds rose from 17% of total assets at the end of the previous fiscal year to 18%. - FY2025-H1WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 18% at the end of the current interim consolidated fiscal year.」
Government, local government and government agency bonds rose from 15% of total assets at the end of March 2024 to 18%. - FY2024-Q3MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 18% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 18% of total assets, down from 19% at the end of June 2023. - FY2024-Q1WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 19% of total assets, up from 16% at the end of the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 17% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 17% of total assets, up from 16% at the end of the previous quarter. - FY2023-Q2RestatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 16% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 16% of total assets, unchanged from the end of the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 17% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 17% of total assets, down from 19% at the end of the previous quarter. - FY2022-Q3RestatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 15% of total assets at the end of the previous fiscal year and 19% at the end of the current quarter. - FY2022-Q2WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 19% of total assets, up from 18% in the previous disclosure. - FY2022-Q1MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 18% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 18% of total assets at the end of the current quarter, up from 15% at the end of the previous fiscal year. This was down from 19% in the previous disclosure. - FY2021-Q3RestatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 16% of total assets at the end of the previous fiscal year and 19% at the end of the current quarter. - FY2021-Q2MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 19% of total assets, down from 20% at the end of the previous quarter. - FY2021-Q1WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 20% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 20% of total assets, up from 16% at the end of the previous fiscal year. - FY2020-Q3MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 15% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 15% of total assets, down from 19% at the end of the previous quarter. - FY2020-Q2MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 19% of total assets, down from 20% at the end of the previous quarter. - FY2020-Q1WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 20% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 20% of total assets, up from 16% at the end of the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 20% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 20% of total assets, up from 16% at the end of the previous fiscal year. - FY2019-Q2MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 15% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 15% of total assets, down from 19% at the end of the previous quarter. - FY2019-Q1WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 16% of our total assets at the end of the previous consolidated fiscal year and 19% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 19% of total assets, up from 16% at the end of the previous fiscal year. - FY2018-Q3MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 17% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 17% of total assets, down from 18% in the previous disclosure, but remained above the 15% recorded at the end of the previous fiscal year. - FY2018-Q2WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 18% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 18% of total assets, up from 15% at the end of the previous fiscal year. - FY2018-Q1WorsenedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 15% of our total assets at the end of the previous consolidated fiscal year and 17% at the end of the first quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 17% of total assets, up from 15% at the end of the previous fiscal year. - FY2017-Q3MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 20% of our total assets at the end of the previous consolidated fiscal year and 16% at the end of the third quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 16% of total assets, down from 18% in the previous quarter. - FY2017-Q2MitigatedAnnual report
「Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 20% of our total assets at the end of the previous consolidated fiscal year and 18% at the end of the second quarter of the current consolidated fiscal year.」
Government, local government and government agency bonds accounted for 18% of total assets, down from 22% in the previous quarter. - FY2017-Q1First statedAnnual report
「Nomura has concentrated credit risk exposure to bonds issued by the governments of Japan, the United States and the member states of the European Union (the “EU”), as well as their local governments and government agencies. Bonds issued by governments, local governments and government agencies, including securities pledged as collateral, accounted for 20% of our total assets at the end of the previous consolidated fiscal year and 22% at the end of the first quarter of the current consolidated fiscal year.」
The disclosure identifies concentrated credit risk from holdings of government and other public-sector bonds and reports that their share of total assets increased from 20% to 22%.