Nomura Holdings, Inc. · TSE:8604

Nomura — Q3 FY2004.3 Earnings Presentation

34 slides from Nomura's earnings presentation, 2004

  1. Slide 1: FY2004.3 Third Quarter Financial Results

    2004 3 3 (US GAAP) 2004 1 2004 3 3 2004 1 30 3 30 CFO 1

  2. Slide 2: „ 2004.3 „ ¾ ¾ ¾ ¾ ¾ „ 2004 2004 2004 2004 1

    „ 2004.3 3 „ ¾ ¾ ¾ ¾ ¾ „ 2004 3 3 2004 1 29 2 2004 3 3 2004 1 29 2

  3. Slide 3: Results highlights and ROE

    2004 3 3 2003.4 2003.12 ¾ ( ) 5,650 36% * ¾ 3,758 6% * ¾ 1,892 217% * 2004 3 ¾ 1,024 183% * 3 9 ¾ 1,024 30% * ¾ 27 8,639 6 6,945 ** ¾ 1 7,254 831 ** ¾ 16.1 12.9 ¾ROE 8.1% ¾ ( ) 1,502 14% * ¾ 1,203 6% * 2004 3 ¾ 299 58% * 3 ¾ 157 5% * ¾ROE 3.7% * ** 3 3 9 5,650 3,758 36 6 1,892 217 1,024 183 6 6,945

  4. Slide 4: Contents

    „ P5 „ P6 ~ 8 „ P9 ~ 12 „ P13 ~ 14 „ P15 ~ 16 4

  5. Slide 5: Consolidated income summary

    FY03.3 FY04.3 FY03.3 FY04.3 FY03.3 FY03.3 FY04.3 FY03.3 FY03.3 FY04.3 FY03.3 5 4-12 4-12 (3/4) 4-12 4-12 (3/4) 4-12 4-12 (3/4) 3 9 1 2 3 3 9 73 595 45 974 96 1 3 1,571 49 3 5

  6. Slide 6: ¾ IT 46% FY03.3 Q3 33% 21% FY03.3 Q3 9%

    1 „ 418 56% 9 * 256 89% 7% ¾ 9.8 89% 80 75.4 ¾ 12 134.9 78% 70.3 9 132.3 53% 70 ¾ IT 62.3 46% FY03.3 Q3 33% 60 21% FY03.3 Q3 9% 9 ** 123 59% 50 ¾ 66 429% ¾ 23 10% 40 9 ¾ 30 12 2,422 9 12% 20 „ 87 131% 10 9 5 4,307 0 FY03.3 3Q FY04.3 3Q FY03.3 (1/4) 13,951 31% 0.7 1.4 0.6 32.2 18.0 23.9 „ 180 44% 6.9

  7. Slide 7: FY02.3 FY03.3 FY04.3 1Q

    2 FY02.3 FY03.3 FY04.3 1Q FY04.3 2Q FY04.3 3Q 0% 3% 1% 3% 2% 24% 14% 7% 8% 8% 13% 15% 14% 14% 17% 35% 28% 21% 45% 47% 28% 41% 57% 31% 26% 7 3,163 2 2 256 2 31 26 45 47 14% 17 7

  8. Slide 8: Mar. 02 Jun. 02 Sep. 02 Dec. 02 Mar. 03 Jun. 03 Sep. 03

    3 * ** 35 32.5 31.3 0.3 0.3 29.3 29.3 1.3 28.9 0.1 28.2 0.2 1.2 30 0.0 0.8 27.6 0.8 0.2 27.1 1.1 0.2 0.2 5.2 0.9 0.9 5.6 1.0 25 7.9 5.7 8.4 2.5 6.7 6.3 5.9 2.4 2.2 20 2.4 2.4 2.2 2.1 2.0 13.7 15 12.8 11.1 11.4 10.6 9.9 9.5 11.1 10 5.1 5.3 5.7 5.0 5.0 5 4.7 4.9 4.2 3.2 3.4 3.9 3.7 3.8 2.5 2.6 2.8 0 M

  9. Slide 9: FY03.3 3Q FY04.3 3Q FY03.3 (1/4)

    1 „ 9 683 45 41.6 9 264 40 38.5 9 180 35 37% „ 30 26.3 9 10 9 10 25 20 15 10 5 0 FY03.3 3Q FY04.3 3Q FY03.3 (1/4) 9 37 263 9

  10. Slide 10: FY02.3 1Q 2Q

    2 „ 9 * 45.4 65% 9 11.1 2% 2 20% 20.5 14% 17.9 „ 15.3 35 31.9 30.9 30 28.8 25 23.0 21.6 20 19.0 14.7 15 10.2 9.5 10 8.5 5.7 5 0 FY02.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q * 30 10 14 153 3 65 2 20 2 57 10

  11. Slide 11: Investment banking

    3 „IPO PO* 9 IPO 2,416 260% 1,325 1,577% 25 9 PO 9,516 313% 20 22% 2,943 119% 18.0 17.3 „ 14.8 15 9 „M&A, 9 = =T&D 10 3 T&D 9 = 5 M&A ** 9 :3 , : 121 9 : 180 : 21% 0 FY03.3 3Q FY04.3 3Q FY03.3 (1/4) -12 11 22 180 IPO 50 M&A T&D 3 2003 M&A 3 121 1 11

  12. Slide 12: FY03.3 3Q FY04.3 3Q FY03.3 (1/4)

    4 „ 9 9 10 9 „ 5 NPF 400 0 350 331.4 291.0 291.4 50.0 -1.7 300 281.8 284.9 -2.3 14.3 14.3 16.1 19.2 -5 -3.5 250 200 150 -10 276.7 277.1 281.4 265.7 265.7 FY03.3 3Q FY04.3 3Q FY03.3 (1/4) 100 50 0 FY02.3 FY03.3 FY04.3 1Q FY04.3 2Q FY04.3 3Q 12 23 9 2,771 2,814 9 143 500 3,314 12

  13. Slide 13: US NCRAM

    1 „ 9 9 9 12 „ 17% 10.6 9 10 9.3 9.1 „ 200 8 180 160 153.2 140 6 120 110.0 100 99.9 4 80 57.5 60 49.9 40 2 20 0 Mar.02 Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 Sep.03 Dec.03 0 FY03.3 3Q FY04.3 3Q FY03.3 (1/4) * US ** * ABS ** (US$=Y107) 13 17 106 322 581 NCRAM US 439 12 575 13

  14. Slide 14: NAM NAM

    2 NAM NAM 25 20 45% 18.2 41% 41% 0.2 40% 40% 40% 40% 17.1 39% 39% 40% 0.2 15.6 4.5 0.2 15.1 15.4 15.2 15 0.2 14.2 14.5 0.3 0.4 35% 4.1 0.2 0.3 3.9 3.8 33% 3.8 4.1 30% 33% 3.6 3.7 31% 31% 30% 30% 30% 29% 25% 10 10.4 20% 23% 9.2 7.0 21% 20% 8.3 6.6 21% 20% 7.8 7.3 7.0 20% 19% 15% 19% 5 10% 3.6 3.5 4.3

  15. Slide 15: Non-interest expenses

    1 „ 618 4% 150 6% 129.7 „ 192 2% 120.3 120 113.2 „ 55 14% 90 „ 60 174 41% 30 „ 9 FY04.3 3Q 28.2 % 177 0 FY03.3 3Q FY04.3 3Q FY03.3 (1/4) 627 Total 113.2 120.3 129.7 12.4 17.4 23.7 4.8 5.5 6.1 14.1 12.9 14.3 18.8 19.2 19.3 3.6 3.5 5.2 59.5 61.8 61.0 15 1,203 6 618 4 192 2 15

  16. Slide 16: FY00.3 * PFG FY01.3

    2 „ 9 9 * 50 40.4 36.7 40 36.6 34.2 35.3 36.6 36.1 35.0 34.3 36.1 36.0 30 32.5 29.3 28.8 29.1 25.7 27.0 24.5 20 23.2 22.4 10 0 FY00.3 FY01.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 (1/4) (1/4) (1/4) 1Q 2Q 3Q 4Q 1Q 2Q 3Q * PFG (2002.3 704 ) 2002.3 2004 3 2 189 28 16 361 3.3 4.9 257 2

  17. Slide 17: Appendix contents

    • P18 • P19 • P20 • / P21 • P22 ~ 25 • P26 • P27 • P28 • P29 • P30 • P31 • P32 • P33 17

  18. Slide 18: 18

    18 18

  19. Slide 19: 19

    19 19

  20. Slide 20: Quarterly results trend

    FY02.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1.1 0.5 0.9 0.6 0.6 0.8 0.7 0.2 1.2 1.2 1.4 13.1 12.3 18.8 17.3 20.5 17.8 32.2 25.2 40.4 21.7 18.0 14.9 13.2 12.6 12.4 12.3 7.7 6.9 5.2 4.8 5.4 5.6 2.9 5.3 2.7 3.1 1.8 4.8 3.7 4.8 2.9 6.7 8.7 30.1 20.0 23.1 24.3 31.9 25.7 26.8 19.8 25.7 40.5 41.8

  21. Slide 21: / (FY04.3 )

    / (FY04.3 9 ) 21 21

  22. Slide 22: Total FY02.3 1Q

    1 60 57.6 56.0 50 46.1 39.6 39.6 40 34.6 34.6 34.8 34.8 34.7 34.7 34.3 34.3 33.8 33.8 31.0 31.0 30 26.6 26.6 20 10 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 39.6 31.0 34.6 34.8 46.1 34.7 34.3 26.6 33.8 56.0 57.6 2.4 5.8 3.2

  23. Slide 23: Total FY02.3 1Q

    2 35 31.0 30 24.4 25 22.9 22.9 19.6 19.6 19.9 19.9 20 18.6 18.3 18.3 16.9 16.9 15.6 15.6 14.5 15 14.1 14.5 10 5 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 14.1 22.9 19.6 18.6 15.6 18.3 16.9 31.0 14.5 19.9 24.4 0.4 0.3 0.1 0.5

  24. Slide 24: Total FY02.3 1Q

    3 35 29.6 30 27.8 26.9 25.7 25 24.2 16.8 21.9 21.9 20 17.5 17.5 17.0 17.0 15.7 16.8 15.7 15 13.7 13.7 10 5 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 29.6 27.8 25.7 26.9 24.2 21.9 17.5 15.7 13.7 17.0 16.8 2.5 2.6 2.3 2.5 2.4

  25. Slide 25: PFG * PFG PFG

    4 * 175 169.3 150 125 113.9 113.9 99.5 99.5 100 88.7 80.3 88.7 81.5 80.3 66.6 81.5 66.6 75 69.1 69.1 56.8 42.8 56.8 23.7 50 23.7 42.8 25 0 -25 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 88.7 23.7 69.1 169.3 56.8 66.6 81.5 80.3

  26. Slide 26: Total *PFG FY02.3 FY02.3

    * 250 239.4 200 185.1 120.3 162.9 162.9 150 128.8 128.8 126.7 121.8 124.3 124.3 126.7 120.3 121.8 117.7 117.7 118.5 118.5 113.2 113.2 100 50 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 121.8 239.4 117.7 185.1 124.3 118.5 113.2

  27. Slide 27: 27

    27 27

  28. Slide 28: 28

    28 28

  29. Slide 29: 29

    29 29

  30. Slide 30: 30

    30 30

  31. Slide 31: NCRAM

    NCRAM 10 31 31

  32. Slide 32: VaR

    „ VaR ¾ 2.33 99% VaR 10 ¾ 1 02.4.1 03.12.31 ¾ 5.6 1.7 3.69 ( 10 ) Sep.01 Dec.01 Mar.02 Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 Sep.03 Dec.03 2.0 2.8 2.0 1.8 1.3 1.3 1.5 2.1 2.3 2.9 1.7 2.9 2.3 1.7 1.8 1.9 2.3 2.5 2.4 2.5 0.3 0.2 0.2 0.4 0.4 0.3 0.2 0.3 0.3 0.3 4.0 6.0 4.5 3.8 3.5 3.5 4.0 4.9 4.9 5.7 (1.2

  33. Slide 33: NPF

    *NPF 33 33

  34. Slide 34: Nomura Holdings, Inc.

    Nomura Holdings, Inc. www.nomura.com/jp/ 34 34

Nomura Holdings — Q3 FY2004.3 Earnings Presentation on 6ix