Tokyo, April 12, 2024—Nomura Holdings, Inc. today announced that it has amended its Annual Securities Report, Quarterly Reports and Financial Highlights as below.

The amendments mainly correct certain presentation and classification errors within the consolidated statement of cash flows. Specifically, loans that were classified under cash flows from operating activities have been reclassified to cash flows from investing activities. This is a simple reclassification and there is no change to the firm's balance of cash and cash equivalents at the end of the year.

In addition, there are no amendments to Nomura's consolidated statements of income, consolidated balance sheets or unconsolidated financial statements, and no impact to Nomura's income or capital levels.

Nomura also filed an amended Management's Report on Internal Control over Financial Reporting under the provisions of Article 24-4-5, Paragraph 1 of the Financial Instruments and Exchange Act of Japan.

Amended Reports

Similar amendments correcting presentation and classification errors within the consolidated statement of cash flows will be made to the Annual Securities Reports, Quarterly Reports, Financial Highlights and Management's Reports on Internal Control over Financial Reporting for the 115th, 116th, 117th, and 118th fiscal periods. Nomura is currently preparing the amended documents and will disclose them once finalized.

Outline of Amendments

(1) Annual Securities Report and Quarterly Reports
Nomura restated the consolidated statement of cash flows and related disclosure. As announced today in "Nomura Announces Corrections to Regulatory Capital and Liquidity Coverage Ratio Disclosures", Nomura also made amendments to Quarterly Reports for the first quarter and the second quarter of the fiscal year ending March 31, 2024, for disclosure related to the firm's consolidated capital adequacy ratio. For details, please refer to the amended Annual Securities Report and Quarterly Reports filed today.

(2) Financial Highlights
The amendments are as follows.

Details of the amendments are underlined in the attachment (PDF 314KB).

(3) Management's Report on Internal Control over Financial Reporting
Based on an evaluation of internal control over financial reporting, a material weakness was identified in regards to certain presentation and classification errors within the consolidated statement of cash flows. Accordingly, the Management's Report on Internal Control over Financial Reporting has been amended.

Specifically, although Nomura management had concluded that its internal control over financial reporting was effective as of March 31, 2023, they determined that the presentation and classification errors within the consolidated statement of cash flows were a material weakness. As such, Nomura management concluded that internal control over financial reporting was not effective as of March 31, 2023.

Please note that Nomura adopts the standards generally accepted in the United States for the evaluation of internal control over financial reporting which may differ from the standards generally accepted in Japan for the evaluation of internal control over financial reporting.

(4) Remediation plan
Nomura has performed a detailed review of the consolidated statements of cash flow in both the original filings and the amended version. In addition, Nomura has released a comprehensive internal policy and has provided training for relevant personnel.

Nomura has also decided to introduce a new process whereby senior finance and accounting policy personnel perform a comprehensive review of the consolidated statement of cash flows.

Through these initiatives, Nomura will work to mitigate the risk of similar errors occurring in the future.