Nomura Holdings, Inc. · TSE:8604

Nomura — FY2010/11 Earnings Presentation

41 slides from Nomura's earnings presentation, May 10, 2011

  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 Supplement for the month of May 2011 NOMURA HOLDINGS, INC. (Translation

  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, year ended March 2011

  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 10, 2011 By: /s/ Junko Nakagawa Junko Nakagawa Execut

  4. Slide 4: Consolidated Results of Operations (US GAAP), Fourth quarter, year ended March 2011

    Table of Contents Consolidated Fourth Nomura quarter, Holdings, Results yearInc. ended ofApril Operations March 20112011 (US GAAP)

  5. Slide 5: Table of Contents

    Table of Contents commodity pursuant No or This Any regarding economic timing 2The liability part information consolidated such document ofofto transactions. statements future and this can appropriate or market other document be isevents, contains and financial produced accepted instrument, opinions

  6. Slide 6: Presentation Outline

    Table of Contents Full year Presentation Outline Executive Overview Breakdown Non-interest Robust Financial Value Consolidated Main Adjustment Segment Retail Asset Wholesale 3Number revenue Management at (p. related financial risk of “Others” highlights Supplement 9-10) of summary (p. related employ

  7. Slide 7: Thoughts with victims of Japan's earthquake and tsunami

    Table of Contents 4Our thoughts and prayers are with the victims of Japan’s recent earthquake and tsunami

  8. Slide 8: Executive Highlights

    Table of Contents Fullbusiness Eighth All Retail Asset Wholesale 5Continued year Management performance consecutive highlights investment earnings divisions profitable helped reported improved profitable coupled drive YoY quarter each with firmwide gains quarter stringent in both pretax from cost ne

  9. Slide 9: Executive summary of financial results

    Table of Contents Executive Highlights Retail Asset Assets Wholesale Robust Full Retail’s In Established Investment Invested (billions Net Income 295.9 27.8 6.5 1Q FY2010/11 6(1)Asset Investment Net 2Q 5.0 revenue year 30.0 Management 299.4 net under 3Q 50.0 performance income before focus Managemen

  10. Slide 10: Financial Highlights Overview

    Table of Contents Overview Fourth FY2010/114Q Non-interest Income Net ROE Full FY2010/11 Y1,130.7bn Y1,037.4bn Y93.3bn Y28.7bn (1) 1.4% 7(2) Net Calculated revenue income1 year 2 quarter 2.3% income before -11% -58% ofFull -2% -1% Y299.4bn expenses results Y11.9bn using QoQ income attributable year(

  11. Slide 11: Breakdown of Net Revenue

    Table of Contents Breakdown Fourth Retail Asset Wholesale Segment Other1(Y2.1bn) Unrealized FY2010/11 Y392.4bn Y80.7bn Y630.5bn Y1,103.7bn Y43.9bn (Y16.9bn) Y1,130.7bn Net Full Non-Japan, 4Q Japan, 8(1) 4Q revenue year Management Y96.2bn 59% 58% “Other” quarter -+15% total +1% -20% -Y186.3bn gain 4Q

  12. Slide 12: Retail: Key Highlights

    Table of Contents Retail (billions Non-interest taxes (trillions 73.5 FY09/10 Key 4Q Net Income Client Sales –Other Full 9Continued Accounts Retail Net Nomura IPOs Foreign 1Q highlights revenue revenue: year performance points 68.4 of asset sales assets franchise 2Q and before client stocks main of

  13. Slide 13: Retail: Winning client franchise

    Table of Contents Retail: Winning 4,000 Stocks 1,600 1,076 Total Bonds –Investment Foreign (billions 500 323.9 FY09/10 4Q 10Fund Sales Robust Strong 1Q 400 sales Stocks 3,000 1,400 1,170 411.0 Consulting Bonds 2Q inflows of bonds 300 of demand client FY2010/11 sales stocks foreign 3Q yen) trusts 437

  14. Slide 14: Asset Management: Key Highlights

    Table of Contents Asset (billions FY09/10 Non-interest taxes (trillions 24.1 FY2009/10 Key 4Q Net Income December Inflows In Established Management Full Good Assets 11 the 1Q highlights revenue revenue: year performance points 24.7 performance Management investment under 2Q before into of of FY2010/

  15. Slide 15: Asset Management: Continued inflows

    Table of Contents Asset Continued Net (billions 600 FY09/10 4Q Established Joint Leveraging 65% Share 24.0% Mar-10 Won Awards US Best Seven R&I First Global Second Japanese (1) (2) 12 Nomura Source: 1Q NASDAQ inflow 555 Fund 35% Prize Lipper venture Management: of funds 22.0% 2Q Equity Prize Jun-10

  16. Slide 16: Wholesale: Key Highlights

    Table of Contents Wholesale FY09/10 Non-interest expenses income (billions 200.0 20.6 Americas FY2009/10 Key 4Q Net Income Full Global Despite Client revenues Enhanced Investment Significant coverage Maintained position 1. 2. 13 Source: 1Q highlights revenue revenue: year points 150.0 18.8 franchise

  17. Slide 17: Wholesale: Global Markets

    Table of Contents Wholesale: (billions FY09/10 Others Non-interest income Client 163 FY2009/10 1Q Key 4Q Net Income Fixed Posted Difficult –Equities 14 Americas Steady 10% Large Derivatives Continue 1Q 2Q highlights revenue revenue: 169 performance points Income revenues QoQ -2.4 a3Q 2Q taxes (loss)

  18. Slide 18: Global Markets: Diversified revenue

    Table of Contents Global Fixed Sec. Others Prod Diversified Credit FX Rates Robust Four-fold Revenues Equities FY2009/10 +53% Revenue FY2010/11 EMEA Americas Japan AEJ FY2009/10: Built FY2010/11~: Enhanced 1. 2. 15 Execution Excludes Others Prod out Income Markets: risk product by from research incr

  19. Slide 19: Wholesale: Investment Banking

    Table of Contents Wholesale: (billions FY09/10 (gross)1 Allocation Investment divisions Other (net) Net Non-interest income League Apr 2011 Global Key 4Q Gross Income ECM EMEA Derivatives business. sponsors5 Continued Americas Revenue In “Other”. (1) (2) (3) (4) (5) 16 ECM, DCM, addition Investment

  20. Slide 20: Investment Banking: Diversified international deals

    Table of Contents Investment Diversified international Large International GDF Santander £15.8bn M&A Permira €805m Unitas €525m High Central Prudential US DJO US$300m Edison Rank US$4.8bn (M&A US$980m ECM BBVA Nordea €5.1bn Chongqing US$3bn Commercial China US$1.7bn Otsuka Japan US$1.84bn INPEX JPY1

  21. Slide 21: Non-interest expenses

    Table of Contents (billions 1,045.6 development expenses related processing communications FY09/10 FY06/07 Commissions Occupancy Other Total 4Q Non-interest Information Business Full Investment Compensation 18 1Q highlights year 772.6 1,092.9 166.5 2Q depreciation 1,037.4 of FY2010/11 FY07/08 1,000

  22. Slide 22: Robust Financial Position

    Table of Contents Robust Capital Financial (Balance Shareholders’ Liquidity (Preliminary) RWA Tier Total Leverage Gross (x) 20.0 FY2010.3 (billions Level Net 2,000 (1) (2) (3) 19 Tier Gross Net Preliminary leverage1 Level 13218.0 assets capital 11,295 1,500 3leverage 1,963 652 267 ratio common finan

  23. Slide 23: Financial Supplement

    Table of Contents Financial Supplement

  24. Slide 24: Consolidated balance sheet

    Table of Contents Consolidated Cash Assets Loans private (billions Mar. 2010 Short-term Liabilities Payables Collateralized Trading Other Long-term Equity Noncontrolling Total 1. 21 Including 31, 2011(Decrease) and assets Nomura liabilities assets liabilities and equity assets liabilities of Mar. an

  25. Slide 25: Value at Risk

    Table of Contents Value Definition -From Mar. (billions 2007 Equity Interest Foreign Sub-total Diversification VaR 22 Average: 99%6.2 1-day Inter-product Maximum: Minimum: 31, 2008 April at confidence 4.7 time rate exchange 10.1 risk of Mar. 9.8 9.1 4.2 2009 yen) 1,3.7 6.0 horizon 13.6 16.9 11.7 31,

  26. Slide 26: Consolidated financial highlights

    Table of Contents Consolidated Full 400 8.3% 20% FY2007.3 Income Net 175.8 Holdings, Total ROE Basic-Net Shareholders’ (billions Quarter 25 5% FY2010.3 4Q 277.9 28.6 18.4 2,126.9 3.7% 5.02 1579.70 23Quarterly 20 1Q 4% revenue income 200 year 3.7% 6.5 2.3 0.63 10% (%) (%)1 Nomura 175.8 0.4% -67.8 15

  27. Slide 27: Consolidated results

    Table of Contents Consolidated FY2010.3 (billions 4Q Commissions Revenue Fees Asset Gain Private Other Total Interest Net Non-interest Income 1Q gain revenue income from (loss) revenue management 67.4 2Q equity and expense (loss) of oninvestment FY2011.3 3Q 28.2 on yen) (loss) trading dividends 1,09

  28. Slide 28: Main items of revenue

    Table of Contents Mainfrom Fees FY2010.3 FY2007.3 (billions Stock Commissions Equity Bond M&A Other Asset Administration Custodial Total 25 337.5 99.3 146.0 revenue underwriting Management management brokerage 38.6 0.7 / underwriting financial of1.8 fees Investment FY2011.3 FY2008.3 85.1 32.4 yen) 4

  29. Slide 29: Segment results: Income before income taxes

    Table of Contents Total Adjustment (billions FY2007.3 4Q Retail Asset Wholesale Three Other Segments Unrealized securities Effect private 1Q318.5 Management 21.0 Business 160.9 of 2Q equity of consolidation/deconsolidation held total FY2008.3 3Q 156.0 -20.9 gain yen) -64.9 of 122.3 investee 4Q for c

  30. Slide 30: Segment results: Other

    Table of Contents Segment Full (billions 17.8 40 FY2010.3 FY2007.3 4Q Net hedging Realized Equity Corporate Others1 Income Q4 *“Other” Note: to Note Note3: related trading 27Businesses conform 0loss 1Q gain year 15.6 -40 2:1in 2Q to Net related The Net (loss) (Loss) before includes -12.4 transaction

  31. Slide 31: Retail related data (1)

    Table of Contents (billions 4Q Commissions Fees Investment Net Non-interest Income Domestic Bond Stock Foreign Accumulated Other Sales Retail 1. 28 Nomura 1Q interest revenue from credit of investment investment related foreign 2Q before investment JGBs ofdistribution investment 3Q Securities. yen)

  32. Slide 32: Retail related data (2)

    Table of Contents Retail Full (billions 180 70 FY2010.3 FY2007.3 4Q Stock Commissions 1. 29 Nomura 60 1Q 150 year 50 brokerage related 2Q 120 of 40 Quarter FY2011.3 FY2008.3 3Q Securities yen) 30 90 data for 4Q 20 60 (billions commissions distribution 10 (2) 30FY2009.3 00 of yen) of and 98.3 FY2010.

  33. Slide 33: Retail related data (3)

    Table of Contents Retail Full (trillions 100 85.2 Mar. Other Equities Foreign Domestic Stock Bond Overseas Other3 Total 1. 2. 3. 30 Euroyen Includes 80 year 72.2 31, 85.2 investment investment related client 60 2.9 currency 48.5 2007 of Quarter mutual 73.5 bonds 40 72.2 2.5 bonds CBs annuity yen) as

  34. Slide 34: Retail related data (4)

    Table of Contents Retail Full 8,000 5,975 FY2007.3 (billions 6,000 2,122 FY2010.3 4Q 1. Note: 31 Retail 1Qyear Net 6,000 5,279 5,000 1,289 related client 2Qof client Quarter asset FY2008.3 FY2011.3 3Q yen) 4,868 4,000 458 assets: data 4Q assets inflow 723,000 2,000 4,928 (4) Net -213 FY2009.3 exclud

  35. Slide 35: Retail related data (5)

    Table of Contents Retail Number Mar. Accounts (thousands) Equity Nomura Full FY2010.3 FY2007.3 4Q New IT No. Transaction 1. 32 IT share1 1Q of year 31, individual share related orders holding 2Qof Home 2007 Quarter with FY2011.3 FY2008.3 3Q is accounts value the 55% data Mar. 4Q balance Trade accoun

  36. Slide 36: Asset Management related data (1)

    Table of Contents Asset FY2010.3 FY2007.3 (billions Net Non-interest Income to Total Full (trillions 35 27.0 Mar. Note: and 33 conform 30Technologies revenue year 25.8 31, assets The Total Management 25before of 2007 of 20 Quarter 24.1 defined FY2011.3 FY2008.3 to yen) assets yen) under 15 88.1 expe

  37. Slide 37: Asset Management related data (2)

    Table of Contents Netassets Asset net Market Nomura’s Source: Mar. 2007 Domestic Overseas Investment Nomura Full FY (trillions Exclude Public Privately 2007.3 asset year 31, 2008 Management stock bond 59.4 13.2 Investment Asset ETF Mar. of Quarter placed inflow investment in public investment share

  38. Slide 38: Wholesale related data (1)

    Table of Contents Wholesale Global Fixed Equities FY2010.3 (billions 4Q Allocation Investment Other Net Non-interest Income 35 1Q revenue -38.9 -69.9 Income 2Q Markets (Loss) 98.9 ofFY2011.3 3Q related to yen) Banking Banking(Gross) Banking(Net) -2.4 12.2 -163.6 -157.3 -6.4 expenses other 352.8 -217

  39. Slide 39: Wholesale related data (2)

    Table of Contents Full Wholesale Private Asia Sub Terra Total Note: Equity 36 year (billions 600 543.4 Mar. Japan Europe 500 equity Total -31, Terra 543.4 FirmaQuarter Amount 381.4 195.5 -Group 3.2 400 of related 2007 231.2 related (excluding Firma yen) 3.6 381.4 312.2 366.3 169.5 300 data (PEG), Ma

  40. Slide 40: Number of employees

    Table of Contents Number Mar. Japan Europe Americas Asia-Pacific3 Total 1. 2. 3. Note: 37 Excludes Figures Includes 31, 16,854 Headcount (excluding (FA)2 1,791 of 2007 1,322 up employees Powai employees 2,174 18,026 to 1,956 900 Mar. March 1,063 FA)1 figures office 1,070 2,377 31, 4,294 25,626 1,079

  41. Slide 41: Nomura Holdings, Inc. www.nomura.com

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

Nomura Holdings — FY2010/11 Earnings Presentation on 6ix