Nomura Holdings, Inc. · TSE:8604

Nomura — Q1 FY2004 Earnings Presentation

34 slides from Nomura's earnings presentation, July 2003

  1. Slide 1: Financial Results for Q1 FY2004 (US GAAP)

    2004 3 1 (US GAAP) 2003 7 1

  2. Slide 2: Q1 FY2004 overview

    „ 2004.3 1 „ ¾ ¾ ¾ ¾ ¾ „ 2004 3 1 2003 7 31 2 2004 3 1 2003 7 31 2

  3. Slide 3: Summary of results

    2004 3 1 2003.4 2003.6 ¾ ( ) 2,001 40% * ¾ 1,288 4% * ¾ 713 288% * ¾ 390 385% * ¾ 390 67% * ¾ 24 7,790 3 6,096 ** ¾ 1 6,903 479 ** ¾ 14.7 12.9 ¾ROE 9.4% *** * ** *** 4 /2 3 3

  4. Slide 4: Contents

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

  5. Slide 5: Consolidated results

    FY03.3 FY04.3 FY03.3 FY03.3 FY04.3 FY03.3 FY03.3 FY04.3 FY03.3 1Q 1Q (1/4) 1Q 1Q (1/4) 1Q 1Q (1/4) 5 5

  6. Slide 6: Net revenue by segment

    1 „ 257 19% 9 * 121 28% 80 12% 75.0 ¾ 5.0 3 ¾ 6 130.8 70 67.0 02 6 124.6 62.3 60 9 ** 71 % 50 ¾ 26 57% ¾ 24 859% 40 ¾ UBS 6 1,225 30 9 ¾ 20 6 1,828 10 9 3 420 0 FY03.3 1Q FY04.3 1Q FY03.3 (1/4) 2,802 15 Total 67.0 75.0 62.3 0.6 1.2 0.6 „ 404 97% 20.5 40.4 23.9 12.3 4.8 8.0 1.8 2.9 3.8 „ 48 61% 31.9

  7. Slide 7: {o}ofof a] mf

    {o}ofof a] mf

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

    3 * 35 ** 29.3 29.3 28.9 0.0 0.1 28.2 30 27.6 0.8 0.8 0.2 0.2 0.2 1.1 0.9 27.1 0.9 0.2 1.0 25 7.9 5.7 8.4 6.7 6.3 5.9 2.2 20 2.4 2.2 2.1 2.0 2.4 15 11.1 11.4 10.6 9.9 9.5 11.1 10 5.0 5.1 4.9 5.0 5 4.2 4.7 3.2 3.4 3.9 2.5 2.6 2.8 0 Mar. 02 Jun. 02 Sep. 02 Dec. 02 Mar. 03 Jun. 03 * CB ** 8 8

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

    1 „ 9 9,768 95 70 62.3 „ 9 1,188 60 9 998 9 420 50 9 155 43.9 40 38.5 „ 9 12.5 30 9 50 9 50 20 „ 10 9 2,000 9 800 0 FY03.3 1Q FY04.3 1Q FY03.3 (1/4) „ 9 12 9 9

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

    2 „ 9 9 „ 35 31.9 30 28.8 25 23.0 21.6 20 19.0 14.7 15 10.2 9.5 10 8.5 5 0 FY02.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 10 10

  11. Slide 11: Investment banking

    3 „ IPO PO* 9 IPO 1,375 318% 20 71 34 17.3 16.8 9 PO 788 79 496 66 15 : 382 12.9 „ 9 10 9 „ 5 M&A ** 9 7 9 54 9 58 9 11 0 FY03.3 1Q FY04.3 1Q FY03.3 (1/4) 11 11

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

    4 „ 5 9 4 3 „ 2 I NPF 1 300 281.8 284.9 291.0 0 14.3 16.1 19.2 -1 250 -1.3 -1.4 -2 -1.7 200 -3 150 265.7 265.7 276.7 -4 FY03.3 1Q FY04.3 1Q FY03.3 (1/4) 100 50 0 FY02.3 FY03.3 FY04.3 1Q 12 12

  13. Slide 13: FY03.3 1Q FY04.3 1Q FY03.3 (1/4)

    1 „ 9 12 „ 9 10 9.8 9 9.3 8.3 8 „ 200 180 6 172.3 160 140 120 110.6 4 100 108.8 80 2 60 40 61.7 20 0 0 Mar.02 Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 FY03.3 1Q FY04.3 1Q FY03.3 (1/4) * ABS 13 13

  14. Slide 14: NAM NAM

    2 NAM NAM 25 20 18.2 0.2 45% 17.1 40% 40% 40% 39% 40% 0.2 15.6 39% 40% 4.5 0.2 15.1 14.5 15 4.1 0.2 14.2 0.2 0.3 35% 3.9 3.8 3.6 3.7 30% 33% 33% 31% 31% 30% 30% 10 25% 10.4 9.2 20% 8.3 23% 7.8 7.3 7.0 21% 20% 20% 19% 15% 19% 5 10% 3.2 3.6 3.3 3.3 3.2 3.5 5% 0 0% Mar.02 Jun.02 Sep.02 Dec.02 Mar.03 Ju

  15. Slide 15: Non-interest expenses

    1 „ 150 128.8 129.7 124.3 „ 120 „ 90 60 „ 30 „ 9 0 FY03.3 1Q FY04.3 1Q FY03.3 (1/4) Total 124.3 128.8 129.7 ( 0.5 2.1 6.4 17.1 18.7 17.3 5.9 5.0 6.1 14.6 13.3 14.3 18.2 18.9 19.3 4.5 4.9 5.2 63.6 65.9 61.0 15 15

  16. Slide 16: FY00.3 (1/4) FY01.3 (1/4) FY02.3 (1/4) FY03.3 1Q FY03.3 2Q FY03.3 3Q FY03.3 4Q

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

  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: 1Q FY02.3 2Q

    FY02.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1.1 0.5 0.9 0.6 0.6 0.8 0.7 0.2 1.2 13.1 12.3 18.8 17.3 20.5 17.8 32.2 25.2 40.4 14.9 13.2 12.6 12.4 12.3 7.7 6.9 5.2 4.8 2.9 5.3 2.7 3.1 1.8 4.8 3.7 4.8 2.9 30.1 20.0 23.1 24.3 31.9 25.7 26.8 19.8 25.7 20.5 12.9 14.4 13.9 16.8 10.2 13.5 7.7 12.1 7.7 4

  21. Slide 21: FY04.3 segment data

    / FY04.3 3 21 21

  22. Slide 22: Total FY02.3 1Q

    1 50 46.1 39.6 40 34.6 34.8 34.7 34.3 33.8 31.0 30 26.6 20 10 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Total 39.6 31.0 34.6 34.8 46.1 34.7 34.3 26.6 33.8 2.4 5.8 3.2 4.4 5.7 9.8 5.3 5.2 4.5 7.8 4.7 6.5 7.7 11.8 6.2 6.4 6.1 7.2 0.9 0.9 1.6 0.8 1.9 1.

  23. Slide 23: Total FY02.3 1Q

    2 35 31.0 30 25 22.9 19.6 20 18.6 18.3 16.9 15.6 14.1 14.5 15 10 5 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 4Q FY04.3 1Q 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 0.4 0.3 0.1 0.5 0.3 1.0 0.6 1.4 0.2 4.4 2.8 2.4 3.9 2.6 4.6 3.6 6.1 2.6 7.1 9.8 7.4 7.3 9.

  24. Slide 24: Total FY02.3 1Q

    3 35 29.6 30 27.8 26.9 25.7 24.2 25 21.9 20 17.5 15.7 15 13.7 10 5 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 4Q FY04.3 1Q 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 2.5 2.6 2.3 2.5 2.4 2.3 2.3 2.2 2.4 27.1 25.2 23.4 24.4 21.8 19.6 15.2 13.5 11.3 24 24

  25. Slide 25: * PFG PFG PFG

    4 * 175 169.3 150 125 113.9 100 88.7 80.3 81.5 66.6 75 69.1 56.8 23.7 50 25 0 -25 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 4Q FY04.3 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 88.7 23.7 69.1 169.3 56.8 66.6 81.5 80.3 113.9 15.9 13.6 21.3 21.4 16.8 43.3 35.2 32.0 34.1 27.8 31.9 19.0 34.3 18.5 -3.4

  26. Slide 26: Total *PFG FY02.3

    * 250 239.4 200 185.1 162.9 150 124.3 128.8 121.8 117.7 118.5 113.2 100 50 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 4Q FY04.3 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 121.8 239.4 117.7 185.1 124.3 118.5 113.2 162.9 128.8 ( 0.4 93.4 0.2 0.8 0.5 1.1 0.5 23.6 2.1 14.7 21.0 14.8 23.0 17.1 12.6 11.

  27. Slide 27: 27

    27 27

  28. Slide 28: 28

    28 28

  29. Slide 29: 29

    29 29

  30. Slide 30: * ** ** *** ***

    * ** ** *** *** 30 30

  31. Slide 31: NCRAM

    NCRAM 10 31 31

  32. Slide 32: VaR

    „ VaR VaR 10 ¾ 2.33 99% 02.4.1 03.6.30 4.0 ¾ 1 1.7 ¾ 2.65 ( 10 ) Jun.01 Sep.01 Dec.01 Mar.02 Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 2.5 2.0 2.8 2.0 1.8 1.3 1.3 1.5 2.1 2.2 1.7 2.9 2.3 1.7 1.8 1.9 2.3 2.5 0.2 0.3 0.2 0.2 0.4 0.4 0.3 0.2 0.3 4.9 4.0 6.0 4.5 3.8 3.5 3.5 4.0 4.9 (1.7) (1.2) (1.9) (1.2) (1.2

  33. Slide 33: NPF

    *NPF 33 33

  34. Slide 34: Nomura Holdings, Inc.

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

Nomura Holdings — Q1 FY2004 Earnings Presentation on 6ix