Nomura Holdings, Inc. · TSE:8604

Nomura — FY2004 Earnings Presentation

34 slides from Nomura's earnings presentation, Apr 28, 2004

  1. Slide 1: FY2004.3 Financial Results (US GAAP)

    2004 3 (US GAAP) 2004 4 CFO 1

  2. Slide 2: „ 2004.3 „ ¾ ¾ ¾ ¾ ¾ „ 2004 2004 2004 2004

    „ 2004.3 „ ¾ ¾ ¾ ¾ ¾ „ 2004 3 2004 4 28 2 2004 3 2004 4 28 2

  3. Slide 3: Summary of results, ROE 10.1%

    2004 3 2003.4 2004.3 ¾ ( ) 8,031 42% * ¾ 5,204 0.3% * ¾ 2,827 496% * 2004 3 ¾ 1,723 1,604% * ¾ 1,723 44% * ¾ 29 7,530 8 5,835 ** ¾ 1 7,857 1,434 ** ¾ 16.7 12.9 ¾ROE 10.1% ¾ ( ) 2,381 58% * ¾ 1,446 11% * 2004 3 ¾ 935 N.M. 4 ¾ 699 N.M. ¾ROE 15.9% * ** 3 3 2004 3 4 2004 3 42% 8031 0.3% 5204 496% 2827 1

  4. Slide 4: Page contents

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

  5. Slide 5: 52% 123% 2003 2004 2004 123% 52% 1385 170 67% 4 16.7 200 73%

    52% 3 123% 5 5 2003 3 2004 3 2004 3 123% 795 52% 1385 10 3 2170 67% 4 16.7 200 73% 411 12 4 3 599 2.4 5

  6. Slide 6: Retail and IPO/PO results

    1 „ 472 138% 9 * 282 267% ¾ 11.4 264% ¾ 350 305.8 2004 3 136.9 03 3 6.7 23% ¾ IT ** 300 249.3 49% FY03.3 Q4 42% 250 23% FY03.3 Q4 17% 9 *** 150 95% 200 ¾ 74 181% ¾ 47 151% 150 9 100 45% 79.8 ¾ 55.2 2004 3 2,616 03 3 57% 50 0 „ 77 63% FY03.3 4Q FY04.3 4Q FY03.3 FY04.3 9 Total 55.2 79.8 Total 249.3 30

  7. Slide 7: 2918 47% 24% 20%

    2 7 7 2 3 2918 282 3 4 47% 24% 20% 7

  8. Slide 8: Client assets

    3 * ** *** 35.2 35 0.3 1.4 31.5 31.6 32.5 0.0 31.3 0.6 0.7 0.0 0.3 1.3 0.3 5.0 30 28.9 29.3 1.2 0.8 0.0 0.2 27.1 1.1 5.2 6.5 0.2 5.6 2.7 23.8 9.8 1.0 25 5.7 2.5 0.5 0.0 8.1 3.3 5.9 2.4 5.4 2.2 20 2.5 2.4 2.0 16.0 2.2 13.7 15 12.8 11.1 15.7 9.5 13.0 11.1 10 10.3 5.1 5.3 5.7 6.1 5.0 5 4.2 3.3 3.6 3.9

  9. Slide 9: MTN and GE

    1 „ 9 GE 804 13 9 418 180 174.0 9 177 160 154.0 „ 140 9 30 120 9 10 100 80 60 3 36.1 37.3 40 20 0 FY03.3 FY04.3 FY03.3 FY04.3 4Q 4Q 9 9 MTN 13% 1740 4 3% 373 GE 9

  10. Slide 10: Asset management

    2 „ 4 9 9 120 110.2 100 „ 82.0 80 35 31.9 30.9 60 30 28.8 25.1 25 23.0 40 35.5 21.6 20 19.0 21.4 20 14.7 15 10.2 10 8.5 9.5 0 5.7 FY03.3 FY04.3 FY03.3 FY04.3 5 4Q 4Q 0 FY02.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q * 30 10 (10 ) 34% 1102 4 355 66% 3 57 251 10

  11. Slide 11: Investment banking IPO M&A

    3 „IPO PO* 9 IPO 4,233 271% 1,199 684% 80 9 PO 8,063 81% 69.1 70.9 1,839 5% 70 „ 60 9 50 „M&A, 9 40 9 30 9 21.0 19.4 20 M&A ** 9 :3 , : 36 9 : 63 : 24% 10 0 FY03.3 4Q FY04.3 4Q FY03.3 FY04.3 -3 11 11 IB 3% 709 8% 194 IPO M&A 11

  12. Slide 12: NPF

    4 „ 9 9 12 10.7 9 10 8 7.1 „ 6 NPF 4.1 4 400 357.2 2 350 331.4 66.0 0 300 281.8 284.9 291.0 291.4 50.0 16.1 19.2 14.3 14.3 -2 250 -4 200 -6 150 281.4 291.2 -8 -6.6 265.7 265.7 276.7 277.1 100 FY03.3 FY04.3 FY03.3 FY04.3 4Q 4Q 50 0 FY02.3 FY03.3 FY04.3 1Q FY04.3 2Q FY04.3 3Q FY04.3 4Q 12 12 MB) 107 7

  13. Slide 13: „ 37.1 36.0 „ 2004 % „ 178.0 180 160 20 139.8 140 120

    1 „ 9 9 40 37.1 9 36.0 35 „ 9 2004 3 77 % 30 „ 25 200 178.0 180 160 20 139.8 140 120 104.3 15 100 102.9 80 10 7.9 9.0 60 47.9 40 5 20 0 Mar.02 Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 Sep.03 Dec.03 Mar.04 0 FY03.3 FY04.3 FY03.3 FY04.3 * 4Q 4Q US ** * ABS ** 13 13 1 3% 360 4 4 14% 90 3 972 US 1780 3 365 13

  14. Slide 14: NAM

    2 NAM NAM 25 21.0 19.9 0.2 20 0.1 45% 18.2 41% 41% 40% 40% 40% 40% 4.9 0.2 40% 5.6 15.4 15.2 15.7 35% 14.7 4.5 14.2 14.5 0.3 0.4 0.4 35% 15 0.0 0.2 0.3 3.8 30% 28% 33% 4.1 4.4 4.8 3.6 3.7 25% 30% 30% 30% 30% 29% 25% 28% 10 26% 13.3 10.7 20% 23% 10.4 21% 7.0 6.6 6.3 21% 20% 21% 19% 7.0 7.3 15% 19% 19

  15. Slide 15: Non-interest expenses

    1 „ 600 518.9 520.4 „ 500 400 „ 300 „ 200 162.9 144.6 „ 100 9 0 FY03.3 4Q FY04.3 4Q FY03.3 FY04.3 Total 162.9 144.6 518.9 520.4 51.3 30.4 95.0 84.6 5.9 7.2 24.4 23.1 13.9 14.5 57.2 54.2 21.2 22.5 77.4 80.0 7.3 6.2 20.8 19.2 63.4 63.9 244.2 259.3 15 15 1 0.3% 5204 4 11% 1446 639 1% 225 6% 72 23% 15

  16. Slide 16: Headcount and costs

    2 „ 9 9 * 50 40.4 36.7 40 36.6 34.2 35.3 36.6 36.1 36.1 35.5 35.0 34.3 36.0 30 32.5 29.3 28.8 29.1 28.4 27.0 25.7 24.5 20 23.2 22.4 10 0 FY00.3 FY01.3 FY02.3 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 (1/4) (1/4) (1/4) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q * PFG (2002.3 704 ) 2002.3 2004 3 2 189 28 1

  17. Slide 17: Supplementary 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: Quarterly results

    FY02.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1.1 0.5 0.9 0.6 0.6 0.8 0.7 0.2 1.2 1.2 1.4 1.1 13.1 12.3 18.8 17.3 20.5 17.8 32.2 25.2 40.4 21.7 18.0 17.7 14.9 13.2 12.6 12.4 12.3 7.7 6.9 5.2 4.8 5.4 5.6 6.0 2.9 5.3 2.7 3.1 1.8 4.8 3.7 4.8 2.9 6.7 8.7 7.7 30.1 20.0 23.1 24.3 31.9 25.7 26.8

  21. Slide 21: Segment results (FY04.3)

    / (FY04.3 12 ) 21 21

  22. Slide 22: Segment results total

    1 70 220 210.2 62.9 200 60 57.6 56.0 180 50 160 46.1 141.6 140 40 120 34.7 34.3 33.8 100 30 26.6 80 20 60 40 10 20 0 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total 141.6 210.2 Total 46.1 34.7 34.3 26.6 33.8 56.0 57.6 62.9 26.0 23.2 5.7 9.8 5.3 5

  23. Slide 23: Segment results

    2 100 87.0 35 81.8 31.0 80 30 28.2 25 24.4 60 19.9 20 18.3 16.9 15.6 15 14.5 40 10 20 5 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 0 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total 81.8 87.0 Total 15.6 18.3 16.9 31.0 14.5 19.9 24.4 28.2 3.4 0.1 0.3 1.0 0.6 1.4 0.2 -0.1 0.1 0.0 16.8 15.8 2

  24. Slide 24: Segment results

    3 100 30 79.3 25 24.2 80 21.9 66.2 20 18.6 17.5 17.0 16.8 60 15.7 15 13.7 40 10 20 5 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 0 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total 79.3 66.2 Total 24.2 21.9 17.5 15.7 13.7 17.0 16.8 18.6 9.1 9.9 2.4 2.3 2.3 2.2 2.4 2.6 2.5 2.5 70.2 56.3 21.8

  25. Slide 25: Segment results

    4 125 113.9 342.6 330 99.5 100 285.2 86.4 280 81.5 80.3 66.6 75 230 56.8 50 180 42.8 130 25 80 0 30 -25 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 -20 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total 285.2 342.6 Total 56.8 66.6 81.5 80.3 113.9 99.5 42.8 86.4 127.3 100.4 16.8 43.3 35.2 32.0 3

  26. Slide 26: Segment results

    200 600 520.4 162.9 518.9 500 144.6 150 128.8 126.7 124.3 118.5 400 120.3 113.2 100 300 200 50 100 0 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY03.3 FY04.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total 518.9 520.4 Total 124.3 118.5 113.2 162.9 128.8 126.7 120.3 144.6 95.0 84.6 17.6 13.7 12.4 51.3 2

  27. Slide 27: * *

    * * 27 27

  28. Slide 28: 28

    28 28

  29. Slide 29: NGAURA

    NGAURA 29 29

  30. Slide 30: 30

    30 30

  31. Slide 31: NCRAM

    NCRAM 10 31 31

  32. Slide 32: VaR

    „ VaR ¾ 2.33 99% VaR 10 ¾ 1 02.4.1 04.3.31 ¾ 5.6 1.7 3.90 ( 10 ) Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 Sep.03 Dec.03 Mar.04 1.8 1.3 1.3 1.5 2.1 2.3 2.9 3.3 1.7 1.8 1.9 2.3 2.5 2.4 2.5 2.0 0.4 0.4 0.3 0.2 0.3 0.3 0.3 0.5 3.8 3.5 3.5 4.0 4.9 4.9 5.7 5.8 (1.2) (1.2) (1.1) (0.9) (1.5) (1.3) (1.8) (1.9) VaR

  33. Slide 33: *NPF

    *NPF 33 33

  34. Slide 34: Nomura Holdings, Inc.

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

Nomura Holdings — FY2004 Earnings Presentation on 6ix