Nomura Holdings, Inc. · TSE:8604
Nomura — Q1 FY2005 Earnings Presentation
23 slides from Nomura's earnings presentation, Jul 30, 2004
Slide 1: Consolidated Results of Operations (US GAAP)
Consolidated Results of Operations (US GAAP) First quarter, fiscal year ending March 2005 Nomura Holdings, Inc. July 2004
Slide 2: Review of Businesses
Review of Businesses n Segment Information (P5) n Domestic Retail (P6-8) n Global Wholesale (P9-11) n Asset Management (P12-13) n Non-interest Expenses (P14-15)
Slide 3: Domestic Retail / Asset Management income before taxes
Domestic Retail Asset Management (Gitions of yon) “ Down 14% pez otal come before Income Taxes for3 » FOSS TO 24 30 4 up7as% Frees FyOs3 FOL] FYOLS— FOSS FOALS FFD]. FOES. FYOLI = ery un 1. ohlUu/. hlUCU hl
Slide 4: Net Revenue
Net Revenue (Biltons of yen) 90 Up16% 87.0 80 i 70 60 50 40 30 20 10 0 To Neer eat ere @ 1 SS sies crt cm me a rn) a oe aeranstaton foes ard ter Fees tom inact 2 a ws baring — Cormssces E3 En me (——Reea sock vor age om ws 20
Slide 5: Foreign currency bond distribution to retail investors
Frm (ihons yen) 100 cB BRSR TER mas Frana Frm Frm4a Fro Foreign Currency Bond Distribution to Retai Investors. wee Pree) Fron F089 sora rans Fes F099 Pros Free) Fons Fron FS
Slide 6: Revenue Breakdown
Revenue Breakdown om a oo a 0 (wwe reme | | = | = | A | = | Serworent ory Fa a cone FS
Slide 7: Client Assets, Domestic Retail Division
* Client Assets, Domestic Retail Division, excluding financials ** Including CBs and warrants *** Includes variable annuity insurance Net asset accumulation: Gap between inflow and outflow of assets
Slide 8: Global Wholesale net revenue
* Net revenue for the first quarter and quarterly average for fiscal year ended March 2004 is the summation of the Fixed Income and Equity totals
Slide 9: League table sources (Thomson Financial)
Sources: * Thomson Financial (Apr. 2004 - Jun. 2004) ** Thomson Financial, Announced Mergers and Acquisitions: Any Japanese involvement. League table based on rank value. (Jan. 2004 - Jun. 2004)
Slide 10: Merchant Banking: New Deals and Exit Transactions
oS | "= New Deals Resin of Nana Rettig shares (Jy) “NPF to purchase shares in Rerganizng Company Hus Ten Bosen uy) 1 Exit Transactions Wad ins 1» Exposure to Merchant Banking Business (@aons of yen) & ‘Net Revenue (ations of yen) 6 4 3 28 27 Fos1a Fassia FOAM)
Slide 11: Asset Management: Expansion of Fund of Funds
= Expansion of Fund of Funds ~ Nomura Fung Masters Japan Small Captakzabon Stock ‘Jun 90: 2004 857 bon yen (Mer 31. 2004 26°$ Bion yen) Nomura Mult-Strategy Fund Sales 24 baton yor © Increased Assets of Funds for Bank Customers dun. 30, 2004 22.1 billion yen (Mar. 31,2004 13.0 bilion yen) Global Hig
Slide 12: Source: The Investment Trusts Association, Japan
Source: The Investment Trusts Association, Japan
Slide 13: Non-interest Expenses
== ‘Compensation and Benefits 65.9 billion yen. up 0% ‘information Processing and Communications 19.3 billion yen. up 2% ‘Business and Development Expenses 5.4 billion yen. up 9% Other Expenses 31.1 billion yen, up 50% = Fixed Cost Coverage Ratio - FYO5.31Q 30% ‘Asset management elated foes 7 biion
Slide 14: All percentages are year-on-year comparisons
* All percentages are year-on-year comparisons
Slide 15: Non-interest expenses notes
* Excludes expenses related to PFG and NPF entities and special charges for withdrawal from the multi-employer pension plan (18.9 billion yen in 2Q FY02.3 and 2.8 billion yen in 2Q FY04.3)
Slide 16: Appendix
Appendix • Revenue and Income by Business Segment (P17) • Global Wholesale (Revenue and Income by Business Line) (P18 - P19) • Domestic Retail Related Data (P20) • Major Differences (Segment / Income Statement) (P21) • Revenue (P22 - 25) • Non-interest Expenses (P26) • Client Assets (P27) • Number o
Slide 17: Revenue and Income by Business Segment
[Lose/gain on undesignated hedging Total Income before Income Taxes for 3 Business Segments: 671 billion yen the private equity investee companies instruments included in Net gain on trading 18.0 bilion yer] Lossigain on investment secures 0.4 billion yen Equity in osses/earnings of afflates 25 bill
Slide 18: iil
iil 3 ge ¢ & § # & @
Slide 19: Global Wholesale revenue by business line
Billions of yen) | | Na | "2a | 3a | 4a. 2a. |"30 | "4a i "0 [Bother os | 40 | es | 14 | o2 | os | os | 00 | 09 [snail nor toe 25 [4s [as | 6s | 26 | 38 | 40 | sa | aa [zeond ndorwting commissions | 90 | 74 | ea | ve | es | es | es | sa | ao [x Equty underwrting communsions | 37 | 88 | 44 | 110 | 29
Slide 20: Billions of yen
(Gilions of yen)
Slide 21: Revenue tables (billions of yen)
{Bitions of yen) ns mt ws we wo J 4 mi 8 Treas [reas [reas | reas [hoes | Rees reas To | "se | "3a" | "aa | "te" | bo "8 lee ro aa [na | see] oae | a2 | wea | o90) Gane pnw ey 7 so [ta] oe) ts | ae | te | oe manoverimerantbarkag ade 4
Slide 22: Non-interest expenses table
[zusincss aoveopmentenpensea|_8 | 78 | «i [tormaton processing an
Slide 23: Nomura Holdings, Inc.
Nomura Holdings, Inc