Nomura Holdings, Inc. · TSE:8604
Nomura — FY2010 Earnings Presentation
27 slides from Nomura's earnings presentation, Apr 30, 2010
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 Supplement for the month of April 2010. NOMURA HOLDINGS, INC. (Translati
Slide 2: Information furnished on this form
Table of Contents Information furnished on this form: EXHIBIT Exhibit Number 1. Overview – Fiscal Year ended March 2010
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: April 30, 2010 By: /s/ Shinji Iwai Shinji Iwai Senior Man
Slide 4: Overview – Fiscal Year Ended March 2010
Table of Contents Fiscal Year Overview Nomura Holdings, Ended March Inc. April 2010 2010
Slide 5: Agenda
Table of Contents Executive Agenda Nomura’s Performance Balance U.S.dollar Appendices The BankU.S.dollar of New Sheet Evolution Summary amounts & York & amounts Franchise Liquidity on ; March areManagement included 31, 2010. solely Thisfor translation the convenience should not of be theconstrued re
Slide 6: Disclaimer
Table of Contents Disclaimer Nothing securities offers No accepted This Any many and The part investor information consolidated such document of orof in which, sales by issued statements this this Nomura sentiments, may document is contains document by and by financial produced their be Nomura opini
Slide 7: Executive Summary
Table of Contents Executive After Nomura To maintained Having Page support 1completing achieved completed continued diversified shifted Summary its its expansion financial away revenues the to its revenues integration maintain from fiscal independence plans, comparable proprietary year across its No
Slide 8: Nomura's Evolution & Franchise
Table of Contents 4321 Appendices Nomura’sSheet Performance Balance Evolution &&Franchise Liquidity Management
Slide 9: A Review of Nomura's Evolution
Table of Contents A Review 2008 2009 2010 Transition System & Full Americas Global Top Smooth Change New Speed Return Significant Best World-class Maintained Continue Further Page Client Tier Operating M&A equity 2Apr Jan Jul Oct Jan-Mar Investment to build Integration on-boarding Global -Sep On-boa
Slide 10: Performance
Table of Contents 4321 Appendices Nomura’sSheet Performance Balance Evolution &&Franchise Liquidity Management
Slide 11: Highlights: Profitable Full Year Results
Table of Contents Profitable Highlights Retail Wholesale Quarterly Q1 Q2 Q3 Q4 Full $3,195mn (¥298.4bn) Income $336mn (¥31.4bn) Net $122mn (¥11.4bn) 1. 2. Page Net Apr-Jun Jul-Sep Oct-Dec Jan-Mar2010 revenue1 income2 Year year 3segment revenue: income before $pre-tax $297mn net Apr-Mar and (¥27.7bn)
Slide 12: Revenue Profile
Table of Contents Revenue In The Investment Retail Asset Global Merchant YE2006 -1,143 4,156 7,049 1,273 131 754 -748 -1,684 3,125 680 640 1,581 4,304 1,024 890 694 950 1,105 4,712 3,105 1,062 696 965 785 4,781 3,973 1,067 730 704 90 Other Net USD Trading 5,646 6,675 -1,439 4,786 6,364 2,065 5,177 6
Slide 13: Revenue Profile (cont'd) and Geographic Highlights
Table of Contents Revenue Geographic Quarterly USD 1,319 -1,185 653 -154 1,525 1,333 114 1,271 1,719 1,479 1,356 Q1YE09 1. Preliminary 2. 3. 4. 5. Note: Fourth Increase Japan Source dealer Monthly Page #1 Made LSE EMEA 5million trades) #2 Asia-ex Market Won All -219 1,924 1,493 1,460 1,620 Non-Japan
Slide 14: Leading Position in Key Segments in Japan
Table of Contents Inbillion Continued USD 4.0 38.8% 3.5 3.0 2.5 2.0 1.5 1.0 0.5 Jun-07 0.0 Leading Share Nomura Others,2 #10, \ECM Industry FY02 Japan Rank 1Proceeds (US$mn) Japan 36.9% 35.2% 3.4 3.0 2.7 27.8% 30.5% 0.95 2.4% trillion Bank Shares of retail ECM FY03 Dec-07 33.3% 7,000 Asset 0.87 posi
Slide 15: Noteworthy Transactions
Table of Contents Noteworthy EMEA Asia Defence US$42.5billion CHF 1.92% ¥44.8billion €Financial 1.1billion Rights Co-Bookrunner €4.8billion 1.17% ¥65billion Advisor Undisclosed US$2.2billion 6.250% EUR US$939million Sole 10-yr ¥35billion US$2.5billion US$3.3 IPO Yen Financial POWL & Joint US$ 1. 2.
Slide 16: Global Markets Business Build Out
Table of Contents Globalequities Cash Equities Mar10 Dec09 Apr09 168 140 100 Markets(EMEA, Americas Asian Business and USBuild equities)1 Out Fixed Income Equity Q1FYE10 248 218 185 100 derivatives2 Q2FYE10 Q3FYE10 Q4FYE10 Mar10 Dec09 Sep09 215 206 100 Rates1 Securitized products1 Mar10 Dec09 Sep09
Slide 17: Balance Sheet & Liquidity Management
Table of Contents 4321 Nomura’sSheet Balance Evolution Performance Appendices &&Franchise Liquidity Management
Slide 18: Nomura's Capital Summary
Table of Contents Nomura’s Capital (USD Risk-weighted Balance Raised Total Shareholders’ Net Tier 17.3% Leverage Source: 1. 2. Page Tier Competitor leverage 29assets 3 1 regulatory capital billion) 21.3 6.0 3.2 ratio common capital Capital 17.3% 1USD and Ratios1 Nomura, Sheet common Ratio 6.0 3.3 Ti
Slide 19: Balance Sheet and Funding Profile
Table of Contents Balance Liability 12% 36% 53% Assets Cash YE2010 7% 22% 71% 13% 45% 43% YE2007 6% 14% 80% Shareholders Unsecured Trading Other Total Short-term 4% 18% 78% Current Smooth USD Long-term 86420Q 10 12 14 28 Comments Over. Q20 Q19 Q18 Q17 Q16 Q15 Q14 Q13 Q12 Q11 Q10 Q9 Q8 Q7 Q6 Q5 Q4 Q3
Slide 20: Liquidity Profile
Table of Contents Liquidity USD 50 20.7 FYE07 ST Currencies Other Instruments Securities Comments The Upcoming Potential Loss Normal Cash Nomura These 1. Page Definition 40 debts liquidity 9.2 of 11 and bn 30 1% operations YE08 secured business 26.2 maintains ensures also 20 (buybacks collateral Pro
Slide 21: Funding Composition Profile
Table of Contents Long-term Although In Following Long Currency Regional Instrument Others 2% 6% Japan 78% Senior EMTN 10% 14% Outstanding Page December February 78% 47% 22% 26% 5% 12 Term Non Boand Loan JPY - 25% 10% 23% Non Composition Composition Nomura’s 48% 25% the Japan Funding Composition Fun
Slide 22: Risk Management Structure and VaR
Table of Contents Nomura The VaR USD 200 FYE08 o/w Total Market US Risk Control Executive Group Global Consistent Page Asia 150 FX Global expansion (99%/ Management 13 million VaR Integrated Chief Portfolio Risk Credit FYE09 VaR Structure 100 has EMEA after Management Risk 1-Day) Integrated Manageme
Slide 23: Level 3 Assets and Merchant Banking Exposure
Table of Contents Less Gross Net 155% Jun09 -58% Level USD9.7billion Declined Prudently Continue Composition As 11% Private Mortgage Bank Merchant Others USD Japan 1,161 YE05 1. 2. 3. Page Amount Preliminary Gross of Level 22% Liquid 14 million and -44% March 254 3III & YE06 129% Level Sep09 Equity
Slide 24: Contacts
Table of Contents New+81(3) Contacts International London Head Masahiko Tokyo Treasury Tel: +1 +44 York of212 Taro European (0) Relations Watanabe John 3275-9263 667 207 Treasurer Yoshikawa Stacconi 9321 102 Investor 5919 e-mail: e-mail: e-mail: Relations John.Stacconi@nomura.com masahiko.watanabe@n
Slide 25: Appendices
Table of Contents 1.Nomura’sSheet 2.Performance 3.Balance 4.Appendices Evolution &&Franchise Liquidity Management
Slide 26: Segment Information
Table of Contents Adjustment (billions FY2006.3 4Q Retail Global Investment Merchant Wholesale 5Asset Other Segment Unrealized equity 452.0 US 551.4 1. Note: segment 2. 3. 4. 23 presentation. Business The Gain Certain In 1Q GAAP January Managem 318.5 -33.1 197.2 securities defined 2Q Markets (loss)
Slide 27: Consolidated Balance Sheet
Table of Contents Consolidated Cash Assets Loans private (billions Mar. 2009 Short-term Liabilities Payables Collateralized Trading Other Long-term Equity Noncontrolling Total 1. Note: Including 31, 2010 and assets Nomura liabilities Non-controlling assets liabilities and equity assets liabilities o