[6-K] Nomura Holdings, Inc Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Nomura Holdings, Inc. (NMR) filed a Form 6-K detailing its share buyback activity for June 2025.

• Program parameters: Board resolution dated April 25, 2025 authorises repurchase of up to 100 million shares (≈3.2 % of shares outstanding) or ¥60 billion between May 15 and Dec 30 2025, excluding blackout periods.

• June execution: 25,670,300 shares were repurchased across 16 trading days for a total consideration of ¥22,903,332,570. The implied average price is roughly ¥892 per share.

• Cumulative progress: Since program launch the company has bought back 47,590,200 shares for ¥41,932,504,490—47.6 % of the volume target and 69.9 % of the monetary limit. The purchases represent about 1.5 % of the 3,163,562,601 shares outstanding.

• Treasury stock: Nomura now holds 210,688,559 shares in treasury, equal to approximately 6.7 % of total shares. Dispositions were minimal; 151,800 shares (¥80.5 million) were issued via stock-option exercises.

Investment takeaways: Rapid utilisation of the buyback budget signals management confidence and provides near-term EPS support. However, with 70 % of funds already deployed midway through the authorised period, future flexibility is reduced, and the large treasury balance raises questions about eventual cancellation policies.

Positive

• JPY22.9 bn repurchased in June, signalling strong capital return commitment.
• 47.6 % of authorised shares and 69.9 % of monetary limit already completed, supporting EPS accretion.
• Board-approved ceiling of 100 m shares / ¥60 bn underscores management’s willingness to deploy excess capital.

Negative

• 70 % of buyback budget exhausted with six months left, reducing future flexibility.
• Treasury shares equal 6.7 % of float; lack of explicit cancellation plan could dilute accretive effects.

Insights

Financial Analyst

TL;DR – Nomura has spent 70 % of its ¥60 bn buyback budget by June, enhancing EPS but limiting future flexibility.

Nomura accelerated its repurchase plan, retiring 25.7 m shares in June alone. Cumulatively 47.6 m shares (1.5 % of float) have been removed at an average cost of ¥882, absorbing 69.9 % of the authorised yen limit. The aggressive pace is earnings-accretive and illustrates solid capital capacity after recent results. Yet the rapid spend leaves just ¥18 bn for the remaining six-month window, potentially curbing future support during periods of market weakness. Investors should also note the 6.7 % treasury-share overhang pending cancellation.

Corporate Governance Expert

TL;DR – Buyback pace is shareholder-friendly, but sizeable treasury position warrants clarity on cancellation policy.

Nomura’s board-approved program demonstrates proactive capital management, nearly halving the share authorisation within seven weeks. While such activity can improve per-share metrics and signal confidence, best practice calls for prompt cancellation of repurchased shares. The firm now holds over 210 m shares in treasury; absent a stated cancellation timeline, this stock could be re-issued, partly offsetting accretion. Continued transparency on treasury-share strategy and any linkage to employee plans will be important for long-term investors.

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FORM 6-K

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Commission File Number: 1-15270

For the month of July 2025

NOMURA HOLDINGS, INC.

(Translation of registrant’s name into English)

13-1, Nihonbashi 1-chome

Chuo-ku, Tokyo 103-8645

Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F    X         Form 40-F     

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):     

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):     

 

 

 

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Information furnished on this form:

EXHIBIT

 

Exhibit Number
1.	  	(English Translation) Share Buyback Report for the reporting month from June 1, 2025 to June 30, 2025.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	 	NOMURA HOLDINGS, INC.
Date: July 14, 2025	 	By:	 	/s/ Yoshifumi Kishida
	 		 	Yoshifumi Kishida
	 		 	Senior Managing Director

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[Translation of Share Buyback Report for the reporting month from June 1, 2025 to June 30, 2025 filed with the Director General of the Kanto Finance Bureau by Nomura Holdings, Inc. on July 14, 2025]

Class of Shares: Common Stock

 

1. Status of repurchase

(1) Status of a repurchase pursuant to a resolution at a general meeting of shareholders

Not applicable

 

(2) Status of a repurchase pursuant to a resolution at the meeting of a board of directors (“Board”)

as of June 30, 2025

 

 

  

Number of Shares

 

  

Total Repurchase Amount (JPY)

 

Authorization pursuant to the resolution of the Board (April 25, 2025) (Period of repurchase: from May 15, 2025 to December 30, 2025 (excluding the ten business days following the announcement of each quarterly financial results))

  

 

 

100,000,000

 

  

 

60,000,000,000

 

Repurchases during this reporting month (Date of repurchase)

  

 

(Date) June 2 June 3 June 4 June 5 June 6 June 9 June 10 June 11 June 12 June 13 June 16 June 17 June 18 June 19 June 20 June 23

                                 

 

 

1,557,400 2,000,000 1,650,000 2,005,000 1,500,000 1,858,100 1,900,000 1,650,200 1,450,000 1,750,000 1,600,000 1,632,300 1,177,300 1,145,000 1,145,000 1,650,000

                               

  

 

1,366,649,540 1,756,919,210 1,463,711,330 1,782,167,060 1,342,570,000 1,673,396,940 1,716,411,820 1,462,925,140 1,290,466,520 1,543,246,090 1,421,987,990 1,456,492,110 1,070,624,780 1,046,730,170 1,045,440,850 1,463,593,020

                               

  

 

 

 

 

  

 

 

 

Total

  

 

—

 

 

 

25,670,300

 

  

 

22,903,332,570

 

  

 

 

 

 

  

 

 

 

Aggregate shares repurchased as of the end of this reporting month

  

 

 

47,590,200

 

  

 

41,932,504,490

 

  

 

 

 

 

  

 

 

 

Progress of share repurchase (%)

  

 

 

47.6

 

  

 

69.9

 

  

 

 

 

 

  

 

 

 

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2. Status of disposition

as of June 30, 2025

 

 	  	Number of shares disposed in the reporting month				 	  	Aggregate amount of disposition (JPY)		 
Treasury shares disposed subject to procedures for issuance of new shares	  	(Date) —	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Subtotal	  	—	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Treasury shares canceled	  	(Date) —	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Subtotal	  	—	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Treasury shares transferred upon merger, share exchange, share delivery or demerger	  	(Date) —	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Subtotal	  	—	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Other (upon request for purchasing “less-than-a-full-unit shares”)	  	(Date) —	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Subtotal	  	—	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Other (exercise of stock acquisition rights)	  	(Date) June 2 June 3 June 4 June 5 June 6 June 9 June 10 June 11 June 12 June 13 June 16 June 17 June 18 June 19 June 20 June 26 June 27 June 30	 	 	24,400 14,000 8,500 5,000 21,000 4,000 7,000 5,000 4,000 5,000 1,000 14,900 13,000 1,000 12,000 4,000 3,000 5,000	                                   	  	 	11,709,400 7,994,000 4,853,500 2,855,000 11,991,000 2,284,000 3,997,000 2,855,000 2,284,000 2,855,000 571,000 4,574,900 7,423,000 571,000 6,852,000 2,284,000 1,713,000 2,855,000	                                   
	  		 	 	 	 	  	 	 	 
Subtotal	  	—	 	 	151,800	 	  	 	80,521,800	 
	  		 	 	 	 	  	 	 	 
Other (delivery of shares under Restricted Stock Units plan)	  	(Date) —	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Subtotal	  	—	 	 	—	 	  	 	—	 
	  		 	 	 	 	  	 	 	 
Total	  	—	 	 	151,800	 	  	 	80,521,800	 
	  		 	 	 	 	  	 	 	 

 

3. Status of shares held in treasury

as of June 30, 2025

 

As of the end of the reporting month	  	Number of Shares		 
Total number of issued shares	  	 	3,163,562,601	 
Number of shares held in treasury	  	 	210,688,559	 

Note) In relation to “2. Status of disposition” and “3. Status of shares held in treasury” above, the disposition of treasury shares relating to Restricted Stock Units as equity compensation is recorded based on the contribution date of a monetary compensation claim. The number of shares held in treasury above therefore includes reduction in number of shares as a result of disposition of treasury shares as equity compensation in exchange for contribution-in-kind of monetary compensation claims on or before June 30, 2025.

FAQ

How many Nomura (NMR) shares were repurchased in June 2025?

Nomura bought back 25,670,300 common shares during June 2025.

What was the total cost of Nomura’s June 2025 share repurchases?

The company spent ¥22,903,332,570 on June repurchases.

How far along is Nomura in its current buyback authorisation?

Nomura has completed 47.6 % of the share cap and 69.9 % of the yen cap authorised by its Board.

What is the size and duration of Nomura’s 2025 share buyback programme?

The Board authorised up to 100 m shares or ¥60 bn for repurchase from May 15 to Dec 30 2025.

What percentage of Nomura’s shares are held in treasury?

As of June 30 2025, Nomura holds 210,688,559 shares, about 6.7 % of total shares outstanding.

Were any treasury shares disposed of in June 2025?

Yes, 151,800 shares were issued via stock-option exercises for ¥80,521,800.