Nomura Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	340,736	165,863	92,786	142,996	153,116
Depreciation & Amortization, Total	64,205	63,819	63,013	61,241	63,846
Gain (Loss) On Sale of Investments	-444	-9,612	1,426	-5,446	-14,053
Stock-Based Compensation	38,578	35,577	35,216	27,941	28,251
Change in Accounts Payable	-16,725	709,839	-139,417	-247,980	-33,994
Change in Other Net Operating Assets	1,911,578	-678,208	1,351,395	-1,818,929	-952,555
Other Operating Activities	24,029	176,402	-371,880	-120,201	-77,195
Operating Cash Flow	-678,611	132,640	-694,820	-862,832	667,610
Capital Expenditures	-189,971	-145,784	-171,165	-111,331	-119,875
Cash Acquisitions	-	-457	-	-	-11,152
Investment in Securities	-275,059	-62,808	166,154	62,150	71,345
Other Investing Activities	16,154	914	-8,978	-4,466	735
Investing Cash Flow	-848,647	-887,938	-233,225	-593,182	257,932
Short-Term Debt Issued	1,850,155	1,964,955	2,630,083	1,743,817	2,929,762
Long-Term Debt Issued	4,464,831	3,122,009	2,256,619	3,938,291	2,063,263
Total Debt Issued	6,314,986	5,086,964	4,886,702	5,682,108	4,993,025
Short-Term Debt Repaid	-1,876,894	-1,866,998	-2,694,588	-2,164,098	-2,865,700
Long-Term Debt Repaid	-3,337,012	-2,190,046	-1,168,086	-2,656,233	-2,741,912
Total Debt Repaid	-5,213,906	-4,057,044	-3,862,674	-4,820,331	-5,607,612
Net Debt Issued (Repaid)	1,101,080	1,029,920	1,024,028	861,777	-614,587
Issuance of Common Stock	1,412	953	4	11	215
Repurchase of Common Stock	-79,589	-73,698	-33,788	-50,466	-3,867
Common Dividends Paid	-112,541	-60,164	-57,262	-70,714	-76,358
Other Financing Activities	769,335	115,839	350,955	372,110	25,872
Financing Cash Flow	1,679,697	1,012,850	1,283,937	1,112,718	-668,725
Foreign Exchange Rate Adjustments	-26,020	220,618	148,552	149,693	60,884
Net Cash Flow	126,419	478,170	504,444	-193,603	317,701
Free Cash Flow	-868,582	-13,144	-865,985	-974,163	547,735
Free Cash Flow Margin	-45.90%	-0.84%	-64.84%	-71.43%	38.88%
Free Cash Flow Per Share	-283.25	-4.18	-278.07	-308.41	174.03
Cash Interest Paid	2,879,779	2,514,801	1,098,815	225,679	222,024
Cash Income Tax Paid	93,915	26,050	94,263	114,623	35,675

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.