Nomura Holdings, Inc. · TSE:8604

Nomura — 1H FY2002.3 Earnings Presentation

35 slides from Nomura's earnings presentation, 2002

  1. Slide 1: 2002 2001

    2002 3 2001 10 1 1

  2. Slide 2: n Ø Ø 2002 • Ø • Ø • Ø Ø n n Ø

    n Ø Ø 2002 3 4 • 18 Ø 5 • 19 Ø 9 • 20 Ø 10 24 Ø 11 n n Ø 26 13 n 27 Ø 14 2002 3 2001 10 31 2 2

  3. Slide 3: NOMURA

    NOMURA

  4. Slide 4: ROE JAFCO

    2002 3 n Ø 2,793 29% Ø 2,420 6% Ø 529 65% Ø 113 88% n Ø 16 7,817 3 7,475 Ø 1 5,896 528 Ø 10.6 12.5 n ROE 1.4% 11.9 4 1/2 2002 3 2,793 29% 2,420 6% 529 65% 113 88% 3 7,475 16 7,817 528 1 5,896 10.6 ROE 1.4% 11.9% JAFCO 523 577 168 236 4

  5. Slide 5: n n FY01.3 (1/2)

    481 24% n * 25% Ø 67% 800 668 Ø 323 24% 700 19 14 600 499 n 208 9 500 Ø 4.1 12% 9 400 158 300 200 427 323 100 0 FY01.3 (1/2) FY02.3 1H * 5 67 4.1 12% 323 24 25 499 5

  6. Slide 6: IPO and PO underwriting

    124 46% n IPO PO 18% IPO * 400 357 Ø 3,832 44% Ø 3,645 78% 350 3 295 Ø 17% 300 126 3 PO * Ø 4,192 77% 250 Ø 1,696 41% 200 169 Ø 40% 150 169 34% 228 100 n 124 50 ** Ø 1 4,469 27% 0 Ø 1 4,775 128% FY01.3 (1/2) FY02.3 1H Ø 33% 6 * IFR Securities Data ** 9 IPO IPO 78 PO 41 124 46 128 169 34 18 295 6

  7. Slide 7: n FY01.3 (1/2) FY02.3 1H

    n Ø 13.1 17% Ø 11.8 19% 34% 200 188 Ø 0.7 19% 150 125 100 50 0 FY01.3 (1/2) FY02.3 1H 7 11.8 19 19 34 125 7

  8. Slide 8: M&A advisory

    574 21% n 918 19% 1,000 Ø 2001 3 NAM 3.6 900 118 800 741 Ø * 2.6 3.1 75 n ** 700 95 Ø 29 336 600 71 Ø 168 408 500 Ø 204 323 400 724 n ** 46% 62% 300 574 n * 200 Ø 14.6 15.6 100 Ø NAM 13.2 14.0 0 FY01.3 (1/2) FY02.3 1H M&A 71 4% = 8 *9 3 ** 2002 3 2001 3 M&A/ 3.6 9 3.1 5000 336 29 408 168 323 204 574

  9. Slide 9: MTN

    * n Ø 1,726 51% 1700 46 n 1500 259 Ø MTN 164 1300 Ø 1100 840 900 46 n 700 220 1,257 500 300 593 100 -100 -18 FY01.3 (1/2) FY02.3 1H * 9 225 593 MTN 220 34 30 46 9

  10. Slide 10: n Ø 2001.3 2,684 3,000 2,562 6% Ø 2002.3 1H 1,224 9% 2,500 40

    n Ø 2001.3 2,684 3,000 2,562 6% Ø 2002.3 1H 1,224 9% 2,500 140 2,420 41 126 178 38 n IT 199 2,000 319 Ø 2001.3 492 315 124 Ø 2002.3 1H 269 9% 140 1,500 417 378 1,000 n Ø 2001.3 179 1,342 1,224 500 Ø 2002.3 1H 175 16% 0 FY01.3 (1/2) FY02.3 1H 10 6 2,420 1,224 9 IT 9 269 16 75 10

  11. Slide 11: n n IT

    n n 2002 3 Ø 2000 3 76 800 778 n 2002 3 736 700 695 Ø IT 10% * Ø 30% * 647 600 500 488 465 400 FY00.3 (1/2) FY01.3 (1/2) FY02.3 1H * 11 11

  12. Slide 12: n Ø Ø n

    n Ø Ø n 12 12

  13. Slide 13: 13

    13 13

  14. Slide 14: MMF MRF

    n n 7000 12 5,925 6000 10 2.3 3.1 5000 8 1.0 2.6 3,887 4000 6 3000 2,388 1,920 4 2000 1000 2 381 0 0 FY99.3 FY00.3 FY01.3 FY02.3 '00.3 '00.9 '01.3 '01.6 '01.9 1Q 2Q MMF MRF 14 3.6 6 381 MMF MRF 14

  15. Slide 15: CRM

    n 3 12% 30.0 26.9 27.8 Ø TOPIX 20% 26.5 0.7 0.6 0.7 24.7 25.0 0.7 5.9 9.0 n 3 11% 19.7 9.2 20.0 0.5 8.3 Ø 3.3 2.6 Ø 5.0 15.0 2.5 4.8 2.1 2.2 5.1 4.9 n 5.2 10.0 4.8 2,139 5.0 11.9 10.4 Ø 8.15 9.6 8.4 7.1 Ø 6 0.0 Ø 4.1 Mar. 99 Mar. 00 Mar. 01 Jun. 01 Sep. 01 Ø 3.2 15 2001 9 24.7 3 26.9 2.2 TOPIX 20 12

  16. Slide 16: FY01.3 1Q 2Q 3Q

    300 6 268.6 253.9 250 4.9 239.5 5 4.3 216.9 200 190.3 3.7 4 166.5 150 2.5 3 2.3 2.1 100 2 50 1 0 0 FY01.3 1Q 2Q 3Q 4Q FY02.3 1Q 2Q 16 9 269 2 1,200 70 16

  17. Slide 17: FY01.3 1Q 2Q 3Q

    2001 9 31.1% 77.8 90 38% 40% 36% 80 34% 32% 35% 68.6 70 30% 26% 58.4 60 25% 25% 50 46.1 18% 17% 20% 40 34.9 14% 15% 28.3 15% 30 10% 20 8% 10% 10 5% 0 0% FY01.3 1Q 2Q 3Q 4Q FY02.3 1Q 2Q IT 17 FY01.3 3Q 17

  18. Slide 18: MTN CMBS

    n n Ø MTN Ø * 16% n Ø CMBS Ø * 16% *2002 3 18 16 MTN CMBS 18

  19. Slide 19: FY00.3 1Q 2Q 3Q 4Q

    * 30.0 30% 700 24% 655 25.0 22% 25% 19% 600 19% 19% 20.0 18 18% 20% 517 18 500 16 15.0 14 15% 13 11 385 400 10.0 10% 288 300 272 5.0 5% 216 200 158 0.0 0% 133 FY01.3 FY02.3 107 101 1Q 2Q 3Q 4Q 1Q 2Q 100 0 FY00.3 FY01.3 FY02.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 19 2 19 2 288 19

  20. Slide 20: IPO

    IPO 40,000 60% 10,000 44% 60% 40% 9,000 35,000 40% 40% 8,000 30,000 42% 17% 36% 6,822 7,000 20% 20% 25,000 22,336 16% 6,000 20,000 18,174 0% 5,000 0% 3,832 4,000 3,387 15,000 -20% 2,982 -20% 3,000 10,000 7,934 2,000 1,438 4,192 -40% -40% 5,000 2,871 645 1,000 1,696 0 -60% 0 -60% FY00.3 (1/2) FY01.3

  21. Slide 21: FY00.3 FY01.3 FY02.3 1H FY00.3 FY01.3 FY02.3

    54% 52% 44% 33% 33% 24% 22% 19% 18% 19% 18% 18% FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 1H 1H 1H 1H 21 21

  22. Slide 22: M&A and J-REIT

    n M&A Ø Thomas Weisel Partners M&A 01 1 9 Ø M&A 01.1-9 2 Ø • 1 87,573.5 18 2 55,553.4 45 n 3 JP 49,105.7 17 Ø J-REIT 500 4 SMBC 47,977.6 25 5 31,306.0 8 n 6 23,059.1 21 Ø 7 14,544.9 6 8 12,299.1 6 n 9 12,185.4 25 10 11,792.2 5 22 M&A M&A 9 J-REIT 10 22

  23. Slide 23: Thomas Weisel Partners

    Thomas Weisel Partners 1999 CEO Thomas W. Weisel n M&A n TWP 7,500 n M&A n n TWP n 1 2,500 n TWP 3 5 23 M&A TWP TWP M&A TWP TWP 7500 M A 23

  24. Slide 24: NAM MRF MMF

    NAM NAM 40% 25 35% 21.0 35% 32% 20.0 19.8 19.9 0.2 30% 20 0.1 0.2 0.2 30% 28% 4.9 25% 30% 4.9 4.4 28% 14.7 5.6 25% 26% 27% 15 0.0 20% 23% 4.8 21% 20% 10 15% 18% 18% 10.7 11.7 13.3 12.9 17% 7.8 10% 5 5% 3.5 3.2 2.6 2.1 2.4 0 0% Mar. 99 Mar. 00 Sep. 00 Mar. 01 Sep. 01 Mar.99 Mar.00 Sep.00 Mar.01 Sep.0

  25. Slide 25: NOMURA

    NOMURA 25

  26. Slide 26: n n n n n n n n n n n n n n

    n n n n n n n n n n n n n n n n n n n n 26 26

  27. Slide 27: n n n n n n n n

    n n n n n n n n 27 27

  28. Slide 28: FY01.3 1Q 2Q 3Q

    2,500 2,000 1,500 1,000 500 0 FY01.3 1Q 2Q 3Q 4Q FY02.3 1Q 2Q 1,061 873 377 1,141 458 383 163 256 200 97 95 200 139 125 50 63 78 47 341 354 364 389 296 278 459 351 257 269 294 205 308 221 163 162 200 124 128 107 88 92 86 72 22 23 6 15 9 9 28 28

  29. Slide 29: Mar. Jun. Sep.

    70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. 98 98 98 98 99 99 99 99 00 00 00 00 01 01 01 47.4 46.6 43.4 43.7 49.5 54.8 57.6 60.6 62.4 61.8 58.3 54.4 56.8 57.5 52.3 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.3 0.

  30. Slide 30: Mar. Jun. Sep.

    30.0 25.0 20.0 15.0 10.0 5.0 0.0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. 98 98 98 98 99 99 99 99 00 00 00 00 01 01 01 18.2 18.7 18.1 18.4 19.7 21.5 22.9 26.2 26.5 27.0 26.6 26.5 26.9 27.8 24.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.3 0.3 0.4

  31. Slide 31: Mar.98 Jun.98 Sep.98 Dec.98 Mar.99 Jun.99 Sep.99 Dec.99 Mar.00 Jun.00 Sep.00 Dec.00 Mar.01 Jun.01

    77.8 80 68.6 58.4 60 46.1 40 34.9 28.3 18.8 20 10.9 6.1 0.4 0.6 0.7 0.8 0.9 1.7 0 Mar.98 Jun.98 Sep.98 Dec.98 Mar.99 Jun.99 Sep.99 Dec.99 Mar.00 Jun.00 Sep.00 Dec.00 Mar.01 Jun.01 Sep.01 300 268.6 253.9 239.5 250 216.9 190.3 200 166.5 139.7 150 111.0 100 81.2 38.0 44.1 52.5 50 21.5 32.3 5.6 0 Mar.98

  32. Slide 32: FY00.3 1Q 2Q

    20 30% 25% 25% 21% 15 21% 20% 19% 20% 17% 16% 16% 16% 16% 10.4 9.7 10 15% 7.2 6.3 10% 5.6 5.1 4.9 5 3.7 3.7 3.3 5% 0 0% FY00.3 FY01.3 FY02.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 32 32

  33. Slide 33: Mar. Jun. Sep.

    25 20 15 10 5 0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. 98 98 98 98 99 99 99 99 00 00 00 00 01 01 01 14.1 15.1 14.1 14.1 14.7 17.7 17.6 17.9 19.9 21.7 20.0 20.3 21.0 21.9 19.8 1.2 1.1 1.0 1.0 1.0 1.0 1.0 1.1 1.0 1.1 1.0 1.0 1.0 1.0 0.8 3.2 3.5 3.6 3.8 3.8 4.1 4.5 4

  34. Slide 34: VaR

    n VaR n VaR 01.4.1 01.9.30 Ø 2.33 99% Ø 45 Ø 1 Ø 27 Ø Ø 33 Mar.00 Sep.00 Dec.00 Mar.01 Jun.01 Sep.01 17 26 23 30 25 20 15 18 19 27 22 17 1 1 2 3 2 3 33 45 44 60 49 40 (10) (14) (13) (20) (17) (12) VaR 23 31 31 40 32 28 34 34

  35. Slide 35: FA Mar. 98 Mar. 99

    20,000 15,000 10,000 5,000 0 Mar. 98 Mar. 99 Mar. 00 Sep. 00 Mar. 01 Jun. 01 Sep. 01 16,611 15,803 14,823 14,636 14,393 14,998 14,827 557 517 488 500 486 473 476 1,258 1,145 983 796 835 874 871 2,290 1,769 1,319 1,329 1,370 1,380 1,449 2,242 2,207 2,173 2,238 2,195 2,260 2,192 FA 10,264 10,165 9,860

Nomura Holdings — 1H FY2002.3 Earnings Presentation on 6ix