Nomura Holdings, Inc. · TSE:8604
Nomura — Q1 FY2013/14 Earnings Presentation
38 slides from Nomura's earnings presentation, Aug 2, 2013
Slide 1: Form 6-K Nomura Holdings, Inc.
Table of Contents 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 August 2013 NOMURA HOLDINGS, INC. (Translation of regis
Slide 2: Information furnished on this form
Table of Contents Information furnished on this form: EXHIBIT Exhibit Number 1. Consolidated Results of Operations (US GAAP), First quarter, year ending March 2014
Slide 3: Signatures
Table of Contents 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: August 2, 2013 By: /s/ Eiji Miura Eiji Miura Senior Manag
Slide 4: Consolidated Results of Operations (US GAAP), First quarter, year ending March 2014
Table of Contents Consolidated Results of Operations Consolidated First (US Nomura July GAAP) 2013 quarter, Holdings, © Nomura year Results ending Inc.of Operations March 2014
Slide 5: Presentation Outline
Table of Contents Executive Presentation Outline Non-interest Financial Main Consolidated Segment Retail Asset Wholesale 2Number revenue Management related of “Other” Supplement summary related employees expenses balance financial results: data items (p. data (p. (p. related (p. 23) Income sheet 24-
Slide 6: Executive Summary
Table of Contents Executive Solid (“NREH”) –FY12/13 Strong Net Expenses Income Firm-wide One-off offering Estate 19.7 35.4 shares(Y50.1bn) Three +17% Wholesale Asset Retail 9.0 FY2012/13 1Q .Capital All 3Nomura (2) ROE: Net Income 2Q 15.7 new revenue revenue: net 13.0 firm-wide income2 revenue: Mana
Slide 7: Financial Highlights Overview
Table of Contents Overview (billions Highlights FY2013/14 QoQ 1Q Non-interest Income Net EPS2 ROE3 (1) (2) 4(3) Net Diluted Calculated 4Q revenue income1 YoY 17.24 11.3% 1Q income before ofofnet yen, FY2012/13 yen 431.3 expenses results 65.9 14.8% using income attributable except 21.55 82.4 653.6 an
Slide 8: Business segment results
Table of Contents Business FY2013/14 (billions 1Q revenue Wholesale Net income before taxes Segment Other Unrealized equity Income Additional Full Gain (1) 5Nomura All 4Q Retail revenue career from Wholesale 43.0 ?、? securities new 1Q Asset Retail before Asset are of total segment 166.3 changes 194.
Slide 9: Retail: Key points
Table of Contents (billions QoQ 1Q Non-interest Retail (trillions 83.8 68.2 73.6 FY2012/13 Jun Key Income Net year April income Client Recurring Investment Sales Related –Other (of 6(1) Accounts Total Strong Delivered Contained Net Nomura JPM IPOs Retail which) 2Q Sep revenue: revenue points ended 8
Slide 10: Retail: Total asset inflows and revenue
Table of Contents Retail: F 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Net 800 647 400 360 600 73 0200 -200 -10 Total Equities: Investment revenues and Bonds: –Australian (billions Recurring 55.1 41.5 50.0 49.1 10.0 Plan3 40.0 10.4 0.0 1Q FY2012/13 (1) (2) Y2012/13 Total 0188 Solid Recurring Robust S
Slide 11: Asset Management: Key points
Table of Contents Asset (billions QoQ Non-interest (trillions 36.1 30.1 32.7 27.9 23.3 FY2012/13 Jun Key Net Income assets retirement 1Q trusts Related Bank on US Investment -Assets (Japan fund (1) (3) (gross). Nomura 8(4) Highest Income Continued Launched Japan: International: US All Total Master 2
Slide 12: Asset Management: Assets under management and awards
Table of Contents Asset Assets (trillions 40.0 30.1 32.7 30.0 8.6 8.7 26.5 20.0 10.0 0.0 Investment (billions 500 400 406 300 200 0-100 17 -200 1Q Nomura 23.0% market3 22.2% FY2012/13 19.0% 20.0% 21.0% 22.0% Jun Won Awards awards bond) 1. 2. High 3. –and (1) (2) 100 (3)Most Outstanding Japan 9(4)J-R
Slide 13: Wholesale: Key points
Table of Contents Wholesale QoQ Global Investment Non-interest taxes (billions 26.0 200.0 150.0 15.0 15.4 100.0 335.3555.5 72.5 50.0 30.1 FY2012/13 0.0 1Q Key Net Income Equities of Fixed floor related Regional Japan mandates EMEA and Americas Securitized Continued –AEJ (1) Nomura 10Revenues Expense
Slide 14: Wholesale: Global Markets
Table of Contents Wholesale: (billions Fixed 120.7 108.6 67.8 116.2 38.3 32.7 70.3 FY2012/13 1Q Key QoQ Net –Equities FY2013/14 YoY Global Markets 0% EMEA Americas Income Japan AEJ US (1) 11Resilient Client Challenging Japan 2Q Equities: Fixed ~revenue: revenue1 points Fixed 88.0 QoQ revenue ±5% 113
Slide 15: Wholesale: Investment Banking
Table of Contents Wholesale: 32.2 Investment Other 13.2 13.3 0.6 23.4 15.1 FY2012/13 -1.8 1Q Key Net Gross –Banking Japan-related 1ECM Strong Japan: International: 2Q +120% revenue revenue: points 33.3 0.4 16.4 25.6 15.8 2(25.6%)DCM 3(15.4%) 12 (14.5%)23.8 revenue: / 3Q Noteworthy Suntory Food Nomur
Slide 16: Non-interest expenses
Table of Contents Full (billions 1,600 1,575.9 expenses depreciation and brokerage (Reference) benefits FY2012/13 NREH FY2011/12 1Q Compensation Commissions Information Occupancy communications Business Other Total Key Non-interest Excluding –Additional (1) Nomura 13NREH Compensation Commissions One
Slide 17: Robust Balance Sheet
Table of Contents Robust Balance (As Shareholders? Gross Liquidity Mar Preliminary RWA3 Tier Total Risk RWA (trillions 20.0 15.0% 15.0 10.0 10% 5.0 0.0 applied at Level (billions Net 1,500 1,000 032% 500 FY2012/13 1Q (1) (3) 0% end (4) 14 Net 2Q 5.0% 0.0% leverage1 Level of 2Jun 116.9% 11.9% 10.0% w
Slide 18: Funding and Liquidity
Table of Contents Funding Highly –Liquidity Balance Assets Trading Other Unsecured Approx. long-term Diversified 22% debt Short-term within 24% subordinated) Long-term market debt, Average maturity over years3 wholesale MTN/Other, bonds, Breakdown short-term/long- term (1) (2) (3) 15Y6.3trn, 83% Oth
Slide 19: Financial Supplement
Table of Contents Financial Supplement
Slide 20: Consolidated balance sheet
Table of Contents Consolidated (billions 2013 Assets Trading Long-term equity Noncontrolling Total 1. 17 Including 2013 cash payables loans collateralized trading other NHI assets investments Liabilities liabilities ofand shareholders’ (Decrease) borrowings assets and yen) 37,942 securities assets1
Slide 21: Value at Risk
Table of Contents Value31, Definition 99% 1-day Inter-product (billions Mar 2012 Equity Interest Foreign Sub-total Diversification VaR 18 7.2 confidence 2012 time at1.4 rate exchange Jun. 5.4 risk of 10.4 From 1.2 2012 horizon yen) 7.1 6.5 30, price 8.6 1.0 benefit 7.2 5.7 level April 2012 Sep. 2.5
Slide 22: Consolidated financial highlights
Table of Contents Consolidated Full 120 6% 107.2 11.6 FY2011/12 Income Net Holdings, ROE Diluted-Net shareholders Total (billions Quarter (yen) 100 80 82.4 4.9% 60 8% 65.9 20 20.1 4% 040 FY2012/13 1Q 369.3 19.7 1.9 2,099.7 0.4% 0.50 569.26 (1) 190%0.6% 10% 1.9 2Q 2.8 revenue income 8% 11.3% year 2%
Slide 23: Consolidated results
Table of Contents Consolidated Full (billions FY2011/12 1Q Commissions Revenue Fees Asset Gain Other Total Interest Non-interest Income Net 20 2Q gain revenue income year from (loss) revenue management 563.2 3Q and expense before of on Quarter investment 4Q on yen) FY2012/13 attributable trading div
Slide 24: Main items: commissions and fees
Table of Contents Main Full (billions 1Q Stock Commissions Equity Bond Fees investment Other Asset and Custodial Total fees 21 2Q portfolio year from 347.1 59.6 144.3 revenue underwriting management brokerage 32.4 3.7 underwriting 3Qof Quarter 7.7 fees 62.4 4Q 32.6 trusts banking yen) 359.1 141.0 se
Slide 25: Segment information and results by region
Table of Contents Consolidated Adjustment Retail Asset Wholesale1 Three Other1 Segment Unrealized securities (billions FY2012/13 FY2011/12 1Q Americas EMEA AEJ Subtotal Japan Income (1) 22 (2) 2Q entity-12.9 Management 214.1 business 63.1 3Q 35.2 -91.5 (loss) -129.1 of total held -24.6 Geographic-12
Slide 26: Segment 'Other' results
Table of Contents Segment Full (billions 60 40 35.2 50.1 17.0 020 6.6 -20 -7.0 -40 -60 -80 FY2012/13 FY2011/12 1Q Net hedging Realized securities Equity Corporate Others1 Income (1) 23020 60 40 2Q -20 -40 -60 -67.9 gain year 7.3in 3Q (loss) (Loss) 48.1 transactions of (loss) gain(loss) “Other” Quart
Slide 27: Retail related data
Table of Contents Full2Q (billions 1Q Commissions Fees Investment Net Non-interest Income Domestic trusts1 Bond Stock Foreign Accumulated Other Sales policies (transaction Retail (1) 24 interest revenue year from credit of investment investment related foreign 8,933.9 3Q before investment JGBs of Qu
Slide 28: Retail commissions data
Table of Contents Retail Full (billions 180 150 50 commissions 90 distribution trusts 030 FY2012/13 FY2011/12 1Q Stock Commissions investment (1) 25010 2Q 70 60 year 20 brokerage related 3Qof Quarter Nomura 4Q trusts1 yen) FY2012/13 FY2013/14 of40 data for 1Q investment (billions 120 commissions 30
Slide 29: Retail client assets
Table of Contents Retail Includes (trillions 100 73.6 FY2011/12 87.7 83.8 Mar. Equities Foreign Domestic Stock Bond Overseas Other Total 26 80 68.2 12 72.0 investment 2investment related client 60 2.3 Jun. currency 37.2 CBs annuity of mutual 67.3 bonds 40 68.2 FY2012/13 2.2 yen) assets 12 20 34.4 da
Slide 30: Retail net asset inflow
Table of Contents Retail Full Quarter (billions 700 900 4,000 (1) FY2013/14 4Q 3Q 2Q 1Q FY2012/13 FY2011/12 188 38 360 -10 647 1,035 2,400 27 Net 500 year 2,000 related client asset 300 of yen) 0assets: 100 inflow data-100 (4) Net = asset assetinflow inflow1 – asset outflow. Retail client assets exc
Slide 31: Retail accounts and Nomura share
Table of Contents Retail Number Mar. Accounts Equity Nomura Net Full (Thousands) FY2011/12 1Q New IT No. Transaction (1) 28 share1 IT 2Q & of year 12 Individual individual share related Call orders holding 3Q Jun. of Home Quarter with 4Q accounts FY2012/13 value isFY2012/13 FY2011/12 12 57% data the
Slide 32: Asset Management related data
Table of Contents Asset FY2012/13 (billions 1Q Net Non-interest Income Total (trillions 40.0 31.9 30.1 130.0 AuM 20.02Q revenue 36.1 32.7 29.6 27.9 FY11/12 0.0 10.0 Mar (1) (2) 29 assets Management Total 12 3Q before of of 36.8 29.1 24.6 (gross) (net)2 Jun. 4Q yen) yen) FY2013/14 under 65.8 expenses
Slide 33: Assets under management by group company
Table of Contents Technologies (gross)1 Group Assets Asset Full FY12/13 (billions 1Q ETFs Investment Net business Nomura (trillions FY11/12 Mar. Domestic Market Nomura’s (1) (2) (3) 30 Assets Total Net 2Q asset year 12 347 Management inflows/outflows company under 3Q after 51.2 11.0 Jun. Asset Funds
Slide 34: Wholesale related data
Table of Contents Wholesale FY2011/12 Breakdown (billions 1Q Fixed Equities2 Global Other Net Non-interest Income Investment (1) 31 (2) 2Q revenue 23.9 Income2 3Q Markets Fixed(Loss) ofIncome 181.2 Due 4Q related 12.4 yen) Banking(Net) Banking Banking(Gross) FY2012/13 of 555.0 expenses 1Q Wholesale
Slide 35: Wholesale private equity investments
Table of Contents Wholesale Private (billions 300 400 221.3 200 103.1 0F Mar. Japan Europe Asia Sub Terra Total 32 Y2011/12 Total 206.0 1.9 12 221.3 Firma 104.6 100 65.5 equity (excluding Jun. 1.6 of94.1 related 59.6 206.4 yen) FY2012/13 206.0 127.2 107.0 1.7 12related 85.3 Sep. 58.9 1.8 206.4 data
Slide 36: Number of employees
Table of Contents Number Mar. Japan Europe Americas Asia-Pacific2 Total (1) (2) 33 31,2012 34,395 (excluding (FA) 4,014 of2,420 Excludes employees 2,011 35,063 Jun. 3,975 6,352 2,423 FA)1 2,014 Includes 30,2012 3,940 6,454 employees 34,815 2,425 19,598 Powai1,981 3,747 6,430 Sep. 34,098 2,316 1,951
Slide 37: Disclaimer
Table of Contents Disclaimer Nothing securities or accepted All without This be nature, sconsider events Forward-looking The Cautionary R&I Furthermore, guaranteed. Ordinance other website sales read rights information consolidated document Fund related and are in may the in all by (http://www.nomur
Slide 38: Nomura Holdings, Inc.
Table of Contents Nomura Holdings, Inc. www.nomura.com