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Nomura Holdings (Nomura Holdings) Scaled Net Operating Assets : 0.21 (As of Dec. 2023)


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What is Nomura Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nomura Holdings's operating assets for the quarter that ended in Dec. 2023 was $344,771 Mil. Nomura Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $265,557 Mil. Nomura Holdings's Total Assets for the quarter that ended in Sep. 2023 was $370,762 Mil. Therefore, Nomura Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.21.


Nomura Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nomura Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2023 )
=(Operating Assets (A: Mar. 2023 )-Operating Liabilities (A: Mar. 2023 ))/Total Assets (A: Mar. 2022 )
=(323575.966-243982.178)/366108.179
=0.22

where

Operating Assets(A: Mar. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=357401.355 - 33825.389
=323575.966

Operating Liabilities(A: Mar. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=333280.165 - 81752.659 - 7545.328
=243982.178

Nomura Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(344770.995-265557.415)/370761.899
=0.21

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=380276.181 - 35505.186
=344770.995

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=356935.342 - 85303.32 - 6074.607
=265557.415

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


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Nomura Holdings (Nomura Holdings) Business Description

Address
13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.