Nomura Holdings, Inc. · TSE:8604

Nomura — FY2015/16 Earnings Presentation

38 slides from Nomura's earnings presentation, May 6, 2016

  1. 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 May 2016 NOMURA HOLDINGS, INC. (Translation of registra

  2. 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), Fourth quarter and fiscal year ended March 2016

  3. 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: May 6, 2016 By: /s/ Hajime Ikeda Hajime Ikeda Senior Mana

  4. Slide 4: Consolidated Results of Operations, Fourth quarter, year ended March 2016

    Table of Contents Connecting Markets East & West Consolidated Results of Operations Fourth quarter, year ended March 2016 (US GAAP) Nomura Holdings, Inc. April 2016 Nomura

  5. Slide 5: Outline

    Table of Contents Outline Asset (p. 24-27) Management Presentation Funding and (p. Financial 8-9) liquidity MainSupplement (p. revenue 15) Asset items Executive Management (p. 21)summary Wholesale related (p.(p. data 2-3) 10-12) (p. Consolidated 28-29) Consolidated Wholesale balance results: related

  6. Slide 6: Executive summary

    Table of Contents Executive investment under Americas unrealized loaded management held specified for management basis); operating subsidiaries businesses summary loss trusts policy Consolidated onslowed purposes security ??FY2015/16 based Income Total based asholdings shares: on (Y20.7bn), retail l

  7. Slide 7: Executive summary

    Table of Contents Executive costs share and Y42bn)2, income 4.FY2014/15FY2015/161Q2Q3Q4Q1Q2Q3Q4Q products (-8% prices (loss)105.0106.074.082.068.751.770.051.646.652.919.935.419.9-12.3-19.2FY2014/15FY2015/161Q2Q3Q4Q1Q2Q3Q4QThree while summary QoQ), and duepositive sharp to unable market FY2015/16 app

  8. Slide 8: Overview of results

    Table of Contents Overview taxes annualized Net income ofnet results income (loss)1 Highlights(billions (loss) -19.2 for—each 131.6 period. of -41% yen,EPS2 except-Y5.33 EPS and — Y35.52 ROE) FY2015/16 -41% ROE3—4.9%(1) FY2015/16 QoQ Net income YoY YoY(loss) 4Q Full attributable year Nettorevenue No

  9. Slide 9: Business segment results

    Table of Contents Business 720.3 127.6 -20.7—Income Y3.2bn-9% -21%(loss) insegment 3Q) Subtotal 5(loss) before results 241.5 before income Net -23% income revenue -36% taxestaxes 1,251.3 and Asset income -12.3 Management -8% —(loss) Other 165.2before *-52%*Additional 5.8 62.1 -46% income +80% -13% +

  10. Slide 10: Retail

    Table of Contents Retail 78.9 2Q slowed -70% declined Increased 3Q 76.5 YoY) Net 4Q(1) from 14% 72.9 demand revenue Net August Retail QoQ -5% revenue for and Stocks: -11%Income channel asJGBs income market and-3% for only.(2) income conditions before individual QoQ before before Retail ?income Lower

  11. Slide 11: Retail: client assets and inflows

    Table of Contents Retail:channels, environment; inflows1 1.67m 2,193.8 Retail 1.64m Progress 250.0 Y8.7bn 4Q Recurring 234.8 amid Japan Y9.2bn 1Q2,164.4 2Q challenging Wealth revenue 3Q 72.04Q—Net 1,927.5 78.0 Management down environment 78.3 51.7 inflows QoQ 76.8 2,000 Group.(2) due 71.9 ofRecurrin

  12. Slide 12: Asset Management

    Table of Contents Asset 17.2 Mar heightened -15% Investment Nomura Net Historical business after Key 15.2 YoY) Management Fund of deducting points 14.4 AuM market trust Nomura Income Wrap 14.6 (gross) Full business volatility—AuM Net duplications 14.5 before International Funds year figures revenue

  13. Slide 13: Asset Management: AuM

    Table of Contents 41.4 40.0 (excl. investment advisory Asset Management. Management: Management, ETFs)1,500(exc. AuM 42.2 advisory 940.140.0 increased (5) Undertakings Nomura Highly assets ETFs) 12.3 28%under recognized Funds 12.8 over 1,294 management for 13.2 past Research 1,000 Collective 14.2 in

  14. Slide 14: Wholesale

    Table of Contents Wholesale 120.0 by Y720.3bn control QoQ—Fixed in forRates region(billions Fixed 32.4 costs, and Income, (-9% Net 29.0 Credit Income but revenue YoY) 34.2 unable of primarily coupled yen) 28.8 revenues Income and to250.0 27.9 offset income with inbefore Rates -3% declined 200.0 abse

  15. Slide 15: Wholesale: Global Markets

    Table of Contents Wholesale: 2Q environment (+5% 5% Rates slowdown 3Q ~ ?15% slowed QoQ; 4QKey inGlobal ?15% -1% impacted Rates significantly points YoY)—Stronger ~Full Markets andFourth by Credit, year rapid from Net quarter Strong while spread revenue1 strong revenues performance Global increased

  16. Slide 16: Wholesale: Investment Banking

    Table of Contents Wholesale: 2Q Y47bn Japan-related Thomson revenue (ABI/SABMiller) 555m, sglobally Corporate 3Q ECM 4Q despite growth inReuters, Key line Investment Governance total league decline with points in995m) up M&A, Jan changing tables over Fourth ?in Banking Mar Code Japan fee Merger

  17. Slide 17: Non-interest expenses

    Table of Contents Non-interest 600 123.9 4.8%Other pay Commissions for Commissions 34.7 performance 34.2 227.2 expenses and 32.6 228.2 floor and(-4% 31.1 Full floor brokerage 68.6 25.9 YoY) year 100brokerage 52.9 -16.8%Information Quarter(billions Fourth 58.5 (-17%54.6 quarter QoQ) 300 62.2Compensat

  18. Slide 18: Robust financial position

    Table of Contents Robust 20.0% 2019 capital 14% 1Sep capital Dec 14% Liquidity 15.1% 2,459 financial Mar—(1) ratio 14% 2,552 15.4% isportfolio CET defined position Net 2,576 114.7% capital leverage: as Y6.1trn Balance (billions Tier Shareholders? ratio4 1Y6.5trn Total capital sheet of12.9% yen) asse

  19. Slide 19: Funding and liquidity

    Table of Contents Funding assets1 by maturity quality derivatives, andequity segregated liquidity that and Japan and are etc. liquidity related1 Euro client long-term Trading bonds, MTN/Yen, funds. Balance Long-term etc. liabilities debt portfolio 15(3) sheet marked-to-market Retail debt Excludes an

  20. Slide 20: Financial Supplement

    Table of Contents Financial Supplement

  21. Slide 21: Consolidated balance sheet

    Table of Contents Consolidated 3,399 8,130 -693 Total 4,249liabilities -207 Total 851 balance Total trading and sheet(billions loans assets1 equity and41,783 and receivables of private yen) 41,090 Mar 17,309 2,948 -693(1) 31,2,970 16,410 Mar Including 21 31,-899 Total Increase Total securities colla

  22. Slide 22: Value at risk

    Table of Contents Value-2.8 FY2014/15 -2.4 at risk -2.8FY2015/16 Definition -2.0 VaR 4.6 From FY2014/15 3.5April 4.6 3.8 1, FY2015/16 5.4 20155.7to3.5 March Mar 18 Mar 31, 2016 Mar Jun (billions Sep Dec of yen)—99% Mar Equityconfidence 1.0 0.9 1.0 level—Maximum: 1.3 1.5 1.7 0.9 Interest 9.1—1-day ra

  23. Slide 23: Consolidated financial highlights

    Table of Contents Consolidated 3% Holdings, 36.53 777.74 0 022.65 748.32 0%Inc. -20 19.11 financial (“NHI”) 19(1) -19.2 12.95 Quarterly 0%highlights shareholders 9.83 FY2014/15 -5.31 ROEFull shareholders is 224.8 FY2015/16 year calculated 131.6 Quarter(billions per FY2014/15 82.0 using share 68.7 an

  24. Slide 24: Consolidated income

    Table of Contents Consolidated management Gain 434.5(loss) 424.0on 336.6 and income investments portfolio 354.9 Full280.1 year service in equity Non-interest Quarter(billions fees securities 203.4expenses 229.0 29.4 of yen) 54.3 -20.5 1,257.4 FY2014/15 59.9 8.4 9.2 58.2 1,230.5 -10.9 57.8 FY2015/16

  25. Slide 25: Main revenue items

    Table of Contents MainAsset Commissions distribution 36.9 revenue management 20.4 for items 12.9 distribution Full 6.1and year 4.6portfolio 3.3 of Quarter investment 1.8 3.3 service FY2014/15 Fees trusts Administration from134.3 FY2015/16(billions M&A 89.5 fees 33.6 / financial 32.6 34.3of 45.7

  26. Slide 26: Consolidated results by segment and region

    Table of Contents Consolidated 4QRetail 322.1 (loss) Subtotal March before 185.8 31, -16.4 161.8 2016). 97.4 income results: -79.6 127.6 97.0 Nomura?s 3.9 taxes1 Income 40.9 30.8 2.750.9 46.9 -45.8 Full revenues (loss) 36.7 11.2 year -19.9 before 27.8 Unrealized Quarter and -16.6 12.2 expenses incom

  27. Slide 27: Segment other

    Table of Contents Segment to -40.0 economic -3.2?Other? -5.2 15.1 Others Income 6.4 -0.3 4.0 (loss) 19.2 -2.6 1.1 -11.5 before -0.6 7.28.5 income 6.9hedging -2.6taxes 7.7transactions Income Full year(loss) Quarter(billions Realized before gain income on of investments yen) taxes50.0 46.046.0 6.1 in

  28. Slide 28: Retail related data

    Table of Contents Retail78.9 -20.0% -13.1%Investment 79.8 1,094.0 insurance 295.4 -25.9% related -36.2%Of 739.8 76.5 policies data 16.1% 382.2 72.9which, 2,401.7 (1) trust -4.7% 298.7 24(1) Full administration commissions -11.2%Income 2,806.4 266.8 year Excluding Quarter(billions 146.2 2,401.7 Net f

  29. Slide 29: Retail related data: client assets

    Table of Contents Retailinvestment FY2015/16 Bond related FY2014/15 datatrusts (2) Retail 7.3 FY2015/16 7.3 client 7.3 7.7 assets(trillions Mar7.3Mar 7.5Mar 7.3 Overseas of Junyen) Sep120 Dec mutual 109.5 Marfunds Equities 113.41.8 109.5 67.2 1.4 1.8 108.8 60.2 1.767.2 103.0 1.6 70.2 1.5 Other 1.4 6

  30. Slide 30: Retail related data: net inflows

    Table of Contents Retail related minus outflows, data excluding (3) Net inflows regionaloffinancial cash andinstitutions. securities1 26 Full year Quarter(billions of yen)(billions of yen) 1,500 1,000 997 1,000 500 352 95 500 0 -43 -137 48 -356 0 -500 FY2014/15 FY2015/16 FY2014/15 FY2015/16 4Q 1Q 2Q

  31. Slide 31: Retail related data: accounts

    Table of Contents Retail Nomura 86 57 IT related Home share1 data Trade No.(4)of/Number Net orders & 59% of accounts(thousands) Call 58%accounts 60% 59% 4,216 60%FY2014/15 4,412 55% 59% 4,216Transaction FY2015/16 4,270 4,337FY2014/15 value 4,38437% 4,412 36% FY2015/16 New 39% Individual 37%Mar 4

  32. Slide 32: Asset Management related data

    Table of Contents Asset -0.4% 43.3 48.1 the well deducting third as 45.1 48.2 Management -15.6% allquarter 43.4 48.1 duplications of the Income 45.9 50.1 of operations the related 43.5 47.2 before fiscal from Nomura 50.8 data of assets year income 48.2 Nomura (1)Funds ended Group under Full taxes Pr

  33. Slide 33: Asset Management related data

    Table of Contents Asset1,294 308 FY2014/15 16.0 13.9 Management Nomura’s -102 FY2015/16Mar 838 related Investment share (%) data Mar 43% advisory (2) MarAsset 46% Jun43% business inflows/outflows Sep Dec 42%50 Mar 43% 2,038 Domestic 43% by 11346% business1 38public 1,446 ETFMarket Full stock 646 yea

  34. Slide 34: Wholesale related data

    Table of Contents Wholesale 184.3 396.9 Other -17.9%176.0 275.2 1.8 30(1) 11.5 related 159.0 117.4 Fixed 2.5 data(1) 84.1 -0.1 -9.7% Income 0.8 83.2 -10.5% Wholesale 8.1 and 80.2 2.7 Equities Income 27.6 -66.9% Full -65.6% figures (loss) year 5.9%-76.5% Quarter(billions before Investment for FY2014/

  35. Slide 35: Wholesale related data

    Table of Contents Wholesale10.6 MarJapan related 3.5data 10.6(2) 9.5Private 11.1 3.4 equity 3.5Europe related(excluding investments(billions Terra Firma) of 19.9 yen) 5.2 70 60 19.9 56.4 8.756.4 6.8 5.8 Terra 5.2Asia Firma2.1 50 1.8 Asia2.1 45.6 2.144.6 2.0 2.0 40 Europe 1.8Sub (excluding Total 32.6

  36. Slide 36: Number of employees

    Table of Contents Number Asia andof Oceanea1 employees 6,765 FY2014/15 6,855 6,765 FY2015/16 6,788 6,862 FY2014/15 6,853 6,855 FY2015/16 Total 28,672 Mar Mar 28,865 Mar28,672 Jun Sep 29,289 Dec Mar 29,251 Japan 29,069 15,973 28,865 16,083 32(1) 15,973 Includes 16,570 Powai 16,381 office 16,282 in In

  37. Slide 37: Disclaimer

    Table of Contents Disclaimer affiliate regulations, implied, unless document read all (http://www.nomura.com) investor are unaudited. of inherently made, inthe otherwise the thereof. sentiments, are following and contains context This rules made uncertain Nomura document Offers indicated. and that o

  38. Slide 38: Nomura Holdings, Inc. www.nomura.com

    Table of Contents Nomura Holdings, Inc.www.nomura.com

Nomura Holdings — FY2015/16 Earnings Presentation on 6ix