Nomura Holdings, Inc. · TSE:8604
Nomura — Q1 FY2015/16 Earnings Presentation
37 slides from Nomura's earnings presentation, Aug 5, 2015
Slide 1: Form 6-K Report of Foreign Private Issuer
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 2015 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 2016
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 5, 2015 By: /s/ Hajime Ikeda Hajime Ikeda Senior M
Slide 4: Consolidated Results of Operations (US GAAP), First quarter, year ending March 2016
Table of Contents Consolidated First (US Nomura July © Nomura GAAP) 2015 quarter, Holdings, year Results ending Inc.of Operations March 2016
Slide 5: Presentation Outline
Table of Contents ExecutiveSupplement Presentation Outline Financial Consolidated summary balance(p. results: Income sheet 2) Overview (p.(loss) 16) Value before of results atincome risk(p. (p.3) taxes 17) Business Consolidated by segment segmentand financial results region(p. highlights (p.4)21) Re
Slide 6: Executive summary
Table of Contents Executive FY2015/16 Group Highest Retail: Robust Net Inflows Dividend Wholesale: Slowdown Equities Group-wide Income income 74.0 19.9 51.7 52.9 Three Asset Wholesale Retail FY2014/15 45.6 60.3 68.9 82.3 1Q (1) 2(3) Net Diluted 2Q revenue: inflows 70.0 Management: Management segment
Slide 7: Overview of results
Table of Contents Overview (billions Highlights FY2015/16 QoQ 1Q Non-interest Income Net EPS2 ROE3 (1) 3(2) Net Diluted 4Q revenue income1 YoY Y18.65 10.0% 1Q income before ofofnet yen, FY2014/15 424.0 expenses results 68.7 12.1% Y22.08 income attributable except 82.0 434.5 3.2% -16% 318.0 taxes att
Slide 8: Business segment results
Table of Contents FY2015/16 (billions 1Q revenue Wholesale Net income before taxes Subtotal Other Unrealized securities Income *Additional 4Gain 4Q Retail revenue from Wholesale 52.2 *1Q Asset Retail before 14.7 Asset 362.8 82.3 ofheld 130.7 changes 205.2 48.7 gain yen) FY2014/15 information and 424
Slide 9: Retail segment
Table of Contents (billions FY2014/15 QoQ 1Q Non-interest Key Income Driver increased products Costs quarter Client Retail Accounts NISA Net Total Stocks: Strong Investment Robust Bond Decline Solid (1) 5(3) Figure Retail 2Q revenue inflows points YoY sales3 sales declined accounts client franchise
Slide 10: Retail: progress of business model transformation
Table of Contents Retail: 70.0 72.0 78.0 65.7 56.0 60.4 Conducting services Annualized clients’ Recurring Net Discretionary Investment 421.3 500.6 600.0 200.0 254.0 400.0 Sales (billions 150.0 95.1 100.0 FY2014/15 0.0 50.0 1Q 6Retail 4Q 2Q inflows: Mar Recurring (annualized, adjusted 101.1 of 412.5
Slide 11: Asset Management
Table of Contents (billions QoQ Non-interest Assets (trillions 46.0 49.4 40.6 42.7 33.0 37.7 FY2014/15 Jun Key Net Income quarter absence income Inflows Focus inflows regional 1Q Japan Nomura Investment Continued NCRAM1 funds US Formed Listed second first (1) 7(2) Assets Net 2Q inflow retail Sep rev
Slide 12: Asset Management: investment trusts and awards
Table of Contents Asset Assets (trillions 50.0 40.0 41.4 11.9 33.0 30.0 10.0 20.0 0.0 Nomura 23.7% 24.0% 24.6% 26.0% share2 20.0% 22.0% 22.8% Jun (billions 1,000 496 500 0-298 90 FY2014/15 -500 1Q Highly R&I: Won awards Category, Mixed Investment High Fund Global Profit North Japanese Settlement out
Slide 13: Wholesale
Table of Contents Wholesale QoQ Global Non-interest (billions 200.0 250.0 46.1 58.2 150.0 47.7 100.0 50.0 17.7 55.2 FY2014/15 0.0 1Q Key Income Revenues Challenging Yen Net Slowdown Americas: Rates Investment EMEA: Fixed Robust AEJ: Equity-related Challenged All 9service 2Q new revenue: revenue depr
Slide 14: Wholesale: Global Markets
Table of Contents (billions 176.2 166.6 149.7 66.4 100.2 74.7 75.0 FY2014/15 Key Global Solid client Fixed EMEA amid Net Equities Revenues markets FY2015/16 0% Americas: EMEA: AEJ: (1) 10 Fixed ~revenue: revenue1 points 63.7 84.1 challenging Equities revenues, ±5% flows -11% 168.1 81.7 104.4 Income
Slide 15: Wholesale: Investment Banking
Table of Contents Wholesale: 43.2 22.3 0.0 22.8 -0.4 FY2014/15 1Q Net Investment Japan: International: Revenue AEJ: Internationally, Financial Leonard Businesses Austria Banco ECM Huatai China Cowen FireEye Products Recap T&D Edion Credit Societe Solutions Originating Japan 11 2Q 2.5 revenue: -0.4 4
Slide 16: Non-interest expenses
Table of Contents Full (billions 1,257.4 1,500 400 1,195.5 01,200 300 100 600 200 900 FY2014/15 FY2013/14 1Q Commissions Information Occupancy Business Other Total Key Non-interest Non-PE Decline One-off 8% Higher Compensation All service 120 2Q new QoQ year points 1,195.5 300 202.8 3Q bonus within
Slide 17: Robust financial position
Table of Contents Robust Balance Mar Shareholders’ Gross (net) Liquidity Risk (trillions 20.0 15.0 10.0 5.0 0.0 Fully balance Basel RWA3 Tier Total Consolidated HQLA6 LCR6 (billions Level 800 Net 400 16% 20% 0600 200 10% FY2014/15 Jun (1) is 13 0% defined Net 5.0% 0.0% Sep leverage1 Level 30% 12% 22
Slide 18: Funding and liquidity
Table of Contents Funding Highly 82% Liquidity Y6.2trn, Maintain Balance Assets Other Unsecured More long Diversified Lon 16% debt Short-term within 30% subordinated) Long market debt, Average maturity Japan 5.1 70% wholesale MTN/Other, Euro bonds, Breakdown short-term/long- term Trading Definition
Slide 19: Financial Supplement
Table of Contents Financial Supplement
Slide 20: Consolidated balance sheet
Table of Contents Consolidated (billions Assets collateralized 17,309 Noncontrolling Total (1) 16 Including cash trading other NHI assets Liabilities 18,929 ofand shareholders’ assets yen) 41,783 assets1 securities balance agreements 1,620 cash interest Mar 2,710 43,996 deposits and Total 31, sheet
Slide 21: Value at risk
Table of Contents ValueMar Definition (billions Mar Equity Interest Foreign Sub-total Diversification VaR 17 5.2 at1.3 rate exchange 4.6 risk of Jun 8.0 From 1.0 yen) 9.3 3.9 6.2 Sep 2.8 benefit 6.8 4.2 FY2013/14 April 10.0 Dec 2.8 1.5 9.7 5.21.1 8.5 3.3 Mar 1, -2.9 4.6 4.2 2015 2.0 10.9 1.0 3.8 4.5
Slide 22: Consolidated financial highlights
Table of Contents Full 300 213.6 to ROE(%) FY2013/14 (billions Quarter 60 8.6% 9% 10.0% 90 12% 5.7% 30 082.0 FY2014/15 1Q Income Net (“NHI”) ROE Basic-Net Diluted-Net shareholders Total 370.8 51.7 19.9 2,467.7 3.2% 5.40 5.26 678.69 (1) 180% NHI 7.3% 70.0 Quarterly 2Q revenue income 8.9% year 74.0 52
Slide 23: Consolidated results
Table of Contents Consolidated Full (billions FY2013/14 1Q Commissions Revenue Fees Asset Gain Other Total Interest Non-interest Income Net 19 2Q gain revenue income year from (loss) on revenue management 179.5 3Q and expense before investments of on Quarter investment 4Q on yen) FY2014/15 attributa
Slide 24: Main revenue items
Table of Contents Main Fees Full FY2014/15 (billions Stock Commissions Other Equity Bond M&A Other1 Asset Administration Custodial Total (1) 20 Figures year from 473.1 91.3 168.7 revenue underwriting management brokerage 30.6 / underwriting 17.5 financial of Quarter fees investment 95.1 46.8 have ye
Slide 25: Business segment and geographic results
Table of Contents Consolidated Adjustment Retail Asset Wholesale Three Other Segments Unrealized securities Geographic Full (billions 1Q Americas Europe Asia Subtotal Japan Income (1) entity Geographic 2Qyear and Management 20.0 386.3 providing Business 192.0 3Q -48.9 before -24.7 of Oceania Quarter
Slide 26: Segment "Other" results
Table of Contents Segment Full (billions 50.0 20.0 30.0 40.0 2.6 10.0 -10.0 0.0 FY2014/15 FY2013/14 1Q Net hedging Realized securities Equity Corporate Others Income 22 2Q 2.5 gain year 46.0 14.7 -4.0 8.4 in 3Q (loss) transactions of related gain “Other” Quarter earnings 44.8 held items 4.0 4Q yen)
Slide 27: Retail related data
Table of Contents Fullwhich, (billions FY2013/14 1Q Commissions1 Of Fees Investment Net Non-interest Income Domestic Bond Stock Foreign Accumulated Other Sales Retail (2) 23 Excluding 2Q interest revenue year from credit of investment investment related foreign 3Q before investment JGBs of Quarter d
Slide 28: Retail client assets
Table of Contents Retail (trillions 120 109.5 Other 100 80 0F 20 Mar Equities Foreign Domestic Stock Bond Overseas Other2 Total (1) (2) 24 Y2013/14 Including 109.5 91.7 Mar 91.7 investment 104.8 95.3 investment related client 2.7 currency 53.2 of Jun mutual bonds bonds1 113.4 109.5 99.3 4.5 yen) FY2
Slide 29: Retail net inflows of cash and securities
Table of Contents Retail Net Full (billions 1,500 1,000 1,076 500 177 0352 -137 FY2014/15 FY2013/14 1Q (1) -500 Cash 2Q inflows 0year 1,000 997 related 3Qof and Quarter 500 4Q yen) FY2015/16 FY2014/15 ofsecurities data 1Q 473 cash (billions (3) 485 andinflows securities of yen) minus 1 outflows, exc
Slide 30: Retail accounts and Nomura share
Table of Contents Retail Number Mar Accounts Equity Nomura Net Full (Thousands) FY2013/14 1Q New IT No. Transaction (1) (2) share2 Figures Percentage 2Q &of year Mar Individual individual related Call orders holding 3Qof Home Jun Quarter with 4Q accounts for FY2014/15 value FY2014/15 Sep 58% data 1Q
Slide 31: Asset Management related data
Table of Contents Asset Full (billions FY2013/14 1Q Net Non-interest Income (trillions Mar Nomura Group Assets (1) (2) Total Net 2Q revenue year Mar Management company under 3Q after before Asset Funds Corporate Private of assets of Jun Quarter 4Q yen) yen) FY2014/15 80.5 deducting expenses manageme
Slide 32: Asset Management investment trust data
Table of Contents Asset Full (billions 2013/14 of Investment Net (trillions Mar Domestic Market ETF Nomura’s (1) 28 which Based asset year Mar Management inflows/outflows 65.7 14.5 8.1 2014/15 of of ETFs Jun Quarter inflow public on share 12.9 yen) trusts advisory yen) 80.3 16.7 assets Sep 882 (%) 9
Slide 33: Wholesale related data
Table of Contents Wholesale FY2013/14 Non-interest Income Breakdown Full (billions 1Q Fixed Equities1 Global Other Net Investment (1) 29 Fixed 2Q revenue year 18.0 Income1 3Q Markets before of Quarter Income 264.3 4Q related 1.8 yen) Banking FY2014/15 of 765.1 expenses 1Q Wholesale -0.4 income 385.4
Slide 34: Wholesale private equity related data
Table of Contents Wholesale Private (billions 60 70 50 40 Firma) 0F 10 Mar Japan Europe Asia Sub Terra Total 30 Y2013/14 57.2 45.6 Total Mar 1.9 57.2 Firma 20 8.1 30 equity (excluding 56.4 2.1 of Jun 10.6 32.6 56.4 related yen) FY2014/15 24.6 1.8 58.8 Sep related 10.8 32.6 58.8 1.9 23.8 Dec 58.6 dat
Slide 35: Number of employees
Table of Contents Number FY2013/14 Mar Japan Europe Americas Asia-Pacific1 Total (1) 31 Includes Mar 27,670 (excluding (FA) 3,461 of Jun 2,281 employees 1,888 FY2014/15 Powai 28,672 Sep 3,485 5,891 2,449 FA) 1,829 Dec office 3,481 6,765 28,920 14,149 Mar 2,335 FY2014/15 1,889 in 3,530 6,656 Jun 28,9
Slide 36: Disclaimer
Table of Contents Disclaimer Nothing securities or accepted All without This be nature, consider website events Forward-looking Cautionary The products (xxviii) Activities. average sales read rights information consolidated R&I document and are in of may (http://www.nomura.com) the performance in al
Slide 37: Nomura Holdings, Inc.
Table of Contents Nomura Holdings, Inc. www.nomura.com