Nomura Holdings, Inc. · TSE:8604
Nomura — Q1 FY2010/11 Earnings Presentation
38 slides from Nomura's earnings presentation, Aug 6, 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 For the month of August 2010 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 2011
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 6, 2010 By: /s/ Shinji Iwai Shinji Iwai Senior Man
Slide 4: Consolidated Results of Operations (US GAAP)
Table of Contents Consolidated Fourth Nomura quarter, Holdings, Results yearInc. ended ofJuly Operations March 2010 2010 (US GAAP)
Slide 5: Important notice
Table of Contents including prepared No accepted This be nature, liquidity 2The read part information consolidated document are in ofof by and securities the this inherently secondary Nomura distributed context document isand contains financial produced issued opinions for uncertain of markets, stat
Slide 6: Presentation Outline
Table of Contents Executivesupplement Presentation Outline Overview Financial Consolidated 3Adjustment of summary offirst balance consolidated quarter (p.sheet 4)results (p. results 19) (p.Value and 5) Robust segment at riskfinancial (p. results: 20) Consolidated position Income (p. (loss) 6)financi
Slide 7: Executive summary
Table of Contents Executive First Profitable Wholesale Eurozone Client Continued Retail Increased Stable Asset Net Maintained Tier inflow 1quarter Management capital net revenues growth client market revenue in summary to net of robust highlights first invest ratio funds in revenue grew assets, clie
Slide 8: Overview of first quarter results
Table of Contents Highlights Overview First quarter Net revenue FY10/11 of Non-interest Q1 results first quarter results expenses Income before income taxes Net income(1) ROE (2) Y259.8bn FY09/10 Y277.9bn (6.5%) QoQ (77.4%) FY09/10 Q4 Y253.4bn 1.6% (87.4%) Q1 Y249.3bn Y6.5bn Y28.6bn Y2.3bn Y18.4bn0.
Slide 9: Robust financial position
Table of Contents Robust Capital Financial (billions (Preliminary) Shareholders’ Y2.1trn Net approx. Liquidity Total Comparison Tier = 1. 16.9%16.8% 2. 3. History Gross Level (x)Tier As Tier Preliminary leverage 1capital assets of 3leverage (billions 6Note: 2,000 Common capital 11financial No ratio
Slide 10: Net revenue breakdown
Table of Contents Revenue NET FY10/11 QoQ Q1 Retail Asset Wholesale Segment Others1 Unrealized on equity for Net Non-Japan Japan 1. “Others” investments operating Q4 revenue YoY REVENUE Management 62% Y111.0bn securities Q1 Y32.7bn breakdown total FY09/10 Y108.6bn 38% gain includes Y259.8bn by purpo
Slide 11: Retail: first quarter key points
Table of Contents Retail (billions FY2010.3 (billion 1Q Net Non-interest Income Key2Q revenue client 3Q of before ofYen) FY2011.3 4Q yen) and 95.4 assets expenses performance1Q income income 93.2 104.3 67.5 taxes (loss) indicators66.8 27.9 95.5 before 69.1 26.4 111.0 71.5 income 35.273.2 24.0 taxes
Slide 12: Retail: consulting services, inflow of new funds
Table of Contents Retail: Focus on consulting services, inflow of new funds Net inflowFY2011.3 FY2010.3 of client Net assets1 inflow andin investment (billions of trusts2 yen) assets investment trusts 1Q Total 2Qsales 3Q (billions of4Q yen)1Q FY2010.3 1Q 2Q 3Q FY2011.3 4Q 1Q 1. Retail 2. Excludes re
Slide 13: Asset Management: first quarter key points
Table of Contents Asset (billions FY2010.3 1Q 3Q Net Non-interest Income taxes KeyVB4Q revenue 5.1 Management under 1Q (loss) of 4.5 FY2011.3 yen) management and 18.7 expenses 4.1 performancebefore income 4.9 16.54.9 income 17.2 13.5 (loss) indicators 18.0 12.0before 18.1 13.2 13.1 income 13.2taxes
Slide 14: Asset Management: investment trust business
Table of Contents Investment Asset Management: trust business Steadydriving growthrevenues in investment trust and investment advisory businesses Share Others Asset Net 1,14.6% 2,9.4% 3,8.2% 4,6.8% 3.2% 6.30% 7.29% 8.27% of28.5% inflowpublic Management investment in public 20.7% trust markettrusts s
Slide 15: Wholesale: first quarter key points
Table of Contents Wholesale (billions 1Q Non-interest Changes Fixed Income Markets Others Merchant Banking First Net Global ??Market Investment ??Revenues ??Continue ECM: DCM: Korea -M&A: 12 Exclusive Financial 2Q revenue revenue: quarter Fixed Toray Development UK Wholesale —Lead 3Q Equities Market
Slide 16: Wholesale: client business and performance
Table of Contents Client Wholesale (billions 1Q Fixed Equities Other Net Non-interest Income Business (Indexed, Key clients2 Active revenues 2Q revenue performance -11.1 Income 3Q (Loss) 92.8 of momentum FY2009/10 4Q (Global yen) 4.6 and 187.1 expenses 93.4 105.4 1Q before 3.2FY2010.3 income indicat
Slide 17: Wholesale: Investment Banking
Table of Contents Grifols Wholesale (billions FY2010.3 1Q Allocation Investment Other Net Non-interest Income Thomson Awards ?House ?Equity Euromoney Global Finance ?Best China Lead ??Acquisition Lead2Q revenue Financial M&A Debt Investment Equity -1.1 Investment 3Q Finance (Loss) of House Asia of R
Slide 18: Wholesale: client base and platform expansion
Table of Contents Wholesale: Client US Number Talented Hired Continued eight base revenues of hires investment accounts expanding Progress newjoining analysts with offrom in steadily growth US (financials, ISDA competitors. platform drivers—US Masterretail/consumer, Agreements1 Headcount2 and Asia u
Slide 19: Segment 'Other' results
Table of Contents Income Segment Full (billions Includes to 0Holdings -40 -80 -20 -27.3 -120 -39.9 -200 -60 -160 FY2010.3 -240 -211.3 FY2006.3 1Q Net hedging Realized securities Equity Corporate Others Income First Fair 1. Note: current Note -20.9 -65.4 gain value year -40 -64.6(loss) transactions b
Slide 20: Non-interest expenses
Table of Contents Non-interest Full (billions 1,092.9 300 1,000 256.6 800 249.3 607.2 0communications FY2010.3 FY2006.3 1Q Occupancy Business Other Total First Commissions Compensation Information 170 2Qyear billion 607.2 253.4 200 852.2 94.1 3Q 1,045.6 of development Quarter FY2011.3 FY2007.3 4Q 10
Slide 21: Financial Supplement
Table of Contents Financial Supplement
Slide 22: Consolidated balance sheet
Table of Contents Consolidated (billions Mar. 2010 Assets Cash Payables Loans Collateralized Long-term Trading private Other Noncontrolling Total 1. 19 Including 31, 2010(Decrease) and Nomura assets assets and Liabilities equity liabilities assets of Jun. and cash receivables borrow yen) 32,230 secu
Slide 23: Value at risk
Table of Contents Value7.0 ??Definition ?99% 1-day Inter-product (billions 2006 Equity Interest Foreign Sub-total Diversification VaR 20 2007 confidence time at6.0 rate exchange 6.2 risk of 10.7 4.7 2008 horizon yen) 10.1 3.3 ??From price 9.8 4.2 benefit 3.7 Mar. 2009 11.7 level 1.4 16.9 3.8 fluctua
Slide 24: Consolidated financial highlights
Table of Contents Consolidated Full 0400 175.8 -200 -67.8 3.7% -400 -600 -800 -708.2 FY2006.3 30 8% 9% 20 6% 7% 11.4 10.20%incom Incom Net income（loss) 15.5% year -10% -20% -30% -40% Holdings, Total ROE Basic-Net(%) shareholdersof200 Shareholders’ (billions Quarter 40 revenue (%)1 Nom 20% FY2007.3 e
Slide 25: Consolidated income statement
Table of Contents Consolidated FY2010.3 (billions 1Q Commissions Revenue Fees Asset Gain Private Other Total Interest Non-interest before Income (“NHI”) Net Note: 22 2Q gain revenue income from (loss) revenue Certain management 58.8 income 3Q equity and expense from (loss) shareholders of oninvestme
Slide 26: Main revenue items
Table of Contents Mainportfolio FY2006.3 (billions Stock Commissions Other Equity Fees Investment Banking Total Asset Management and service 23 from 356.3 108.8 revenue Asset 23.8 brokerage underwriting fees of Other Bond FY2007.3 38.6 yen) M&A 337.5 99.3 management Total Administration Custodial Ot
Slide 27: Adjustment of segment results to consolidated results
Table of Contents Note: Adjustment (billions FY2006.3 1Q Retail Asset 3Wholesale Other Segm Unrealized equity 452.0 US 551.4 Business 2Q GAAP Managem 318.5 -33.1 ent 197.2 securities 3Q oftotal FY2007.3 4Q 99.4—————— 264.7 segm gain yen) 21.0 of -64.9 160.9 1Q consolidated 452.6 (loss) FY2010.3 ent
Slide 28: Retail related data (1)
Table of Contents FY2010.3 (billions 1Q Commissions Fees Investment Net Non-interest Income Domestic Bond Stock Foreign Accumulated Other Sales Retail 1. 25 Nomura 2Q interest revenue from credit of investment investment related foreign 3Q before investment JGBs ofdistribution investment FY2011.3 4Q
Slide 29: Retail related data (2)
Table of Contents Retail Full (billions 180 150 120 50 90 investment 30 20 060 FY2010.3 FY2006.3 1Q Stock Commissions 1. 26 0Nomura 10 2Q 70 60 year brokerage related 3Qof Quarter FY2011.3 FY2007.3 4Q Securities trusts yen)(billions data for 1Qcommissions 30 distribution (2)FY2008.3 of yen) of and 4
Slide 30: Retail related data (3)
Table of Contents Retail Full (trillions Other 100 80.5 59.3 40 0M 20 Equities Foreign Domestic Stock Bond Overseas Other3 Total 1. 2. 3. 27 ar. Euroyen Includes year 31, 80.5 investment 85.2 investment related client 2.3 currency 49.3 2006 of Quarter mutual bonds 85.2 2.9 bonds CBs annuity yen) ass
Slide 31: Retail related data (4)
Table of Contents Retail Full (billions 8,000 5,279 6,000 5,975 5,000 4,868 1,610 2,003 4,000 3,000 4,581 2,000 0-1,289 FY2010.3 FY2006.3 1Q 1. Note: 28 213 -1,000 Retail 2Q year Net 6,000 4,000 4,928 1,879 1,000 related client 3Qof client Quarter asset FY2011.3 FY2007.3 4Q yen)(billions 2,000 asset
Slide 32: Retail related data (5)
Table of Contents Retail Number Mar. Accounts (thousands) Equity Nomura Full FY2010.3 FY2006.3 1Q New IT No. Transaction 1. 29 IT share1 2Q of year 31, individual share related orders holding 3Qof Home 2006 Quarter with FY2011.3 FY2007.3 4Q is accounts value the 55% data Mar. 1Q balance Trade accoun
Slide 33: Asset Management related data (1)
Table of Contents Asset FY2010.3 FY2006.3 (billions Net Non-interest Income The reported Total Full (trillions 25 25.8 27.0 30 35 50M 10 15 20 20.2 Note: Deutschland Funds ar. 23.1 revenue defined year 31, assets Total In Management Research before 23.4 January amounts of 2006 of Quarter FY2011.3 FY
Slide 34: Asset Management related data (2)
Table of Contents Asset Quarter 25 25.9 30 21.0 22.0 20 0M Privately Investment Overseas Total Mar. Domestic Market Nomura’s Nomura Full (trillions FY 1Q Public 10.0 ar. 24.3 19.0 2Q 2006.3 Net year 21.2 31, 21.0 Management bond stock 3Q 45.0 asset 15 Asset Mar. of Quarter placed investment investme
Slide 35: Wholesale related data (1)
Table of Contents Wholesale 161.6 Global FY2009.3 1Q Fixed expenses FY2010.3 (billions Investment 2-3.62Q - -Net 133.2 Income 3Q Markets of 417.4 FY2010.3 FY2011.3 4Q revenue related yen) Banking Banking(Gross) 149.8 -217.2 1Q486.4 -157.3 FY2009.3 data 12.4% -6.4 QoQ FY2010.3 308.0 124.9 658.4 (1) 1
Slide 36: Wholesale related data (2)
Table of Contents Wholesale Private Full (billions 543.4 600 Asia 439.1 400 231.2 0M 100 98.7 200 Japan Europe Asia—— Sub Terra Total Note: Nomura 33ar.366.3 Total year 381.4 31, 439.1 Firma Firma) Firm Amount 235.5 210.9 59.9 equity (excluding Phase4 of 2006 Quarter 98.7 3.2 370.0 related 195.5 aye
Slide 37: Number of employees
Table of Contents Number Mar. Japan Europe Americas Asia-Pacific3 Total 1. 2. 3. Note: conform 34 Excludes Figures Includes 31, 14,932 Headcount (excluding (FA)2 1,515 of 2006 to1,073 up employees Powai the employees 1,948 16,854 to 1,791 778 Mar. current March 1,322 FA)1 figures office 900 2,174 31
Slide 38: Nomura Holdings, Inc. www.nomura.com
Table of Contents Nomura Holdings, Inc. www.nomura.com