Nomura Holdings, Inc. · TSE:8604
Nomura — Investor Day (December 2002)
20 slides from Nomura's investor day presentation, Dec 6, 2002
Slide 1: Investors' Day
INVESTORS’ DAY Junichi Ujiie President & CEO Nomura Holdings, Inc. December 2002 This is a summary of a presentation for INVESTORS’ DAY. Date: 6 December, 2002 (Friday) Place: 7th floor Nomura Securities Co., Ltd. Speaker: Junichi Ujiie President and CEO, Nomura Holdings, Inc. This document is produ
Slide 2: Outline of Presentation
Outline of Presentation • Review of Operating Results • Business Environment • Group Strategy • Corporate Governance 1. This document is produced by Nomura Holdings, Inc. ("Nomura"). Copyright 2002 Nomura Holdings, Inc. All rights reserved. 2. Nothing in this document shall be considered as an offer
Slide 3: Review of Operating Results
Review of Operating Results 3
Slide 4: Review of Operating Results (US GAAP)
Review of Operating Results (US GAAP) (Billions of yen) (%) Income before income taxes (LHS) 200 18 186.1 Net income (LHS) 180 16 15.3 ROE (RHS) 160 14 140 131.1* 11.1 12 120 9.1** 10 100 86.5 78.1 8 80 6 60 101.8 4.0 84.0 40.6 4 40 20 2 28.7 0 0 FY00.3 (1/2) FY01.3 (1/2) FY02.3 (1/2) FY03.3 1H * In
Slide 5: Business Environment
Business Environment 5
Slide 6: Progress of Structural Reform
Business Environment Progress of Structural Reform ! Movement of Individual Financial Assets ! Acceleration of Corporate Restructuring 6 This slide explains our business environment. We have faced a particularly harsh business climate with the Japanese stock market dipping to new lows since the burs
Slide 7: Movement of Individual Financial Assets (1)
Business Environment Movement of Individual Financial Assets (1) Financial Products Selection Criteria (%) 35 “Because the yield is favorable” (LHS) 30 25 20 15 10 5 “Because capital gains are expected in the future” (RHS) (%) 5 4 3 2 1 0 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 Note: T
Slide 8: Movement of Individual Financial Assets (2)
Business Environment Movement of Individual Financial Assets (2) Investment in Foreign Assets by Individuals (Trillions of yen) (%) 16 Yen-US$ 6-Month US$ Deposit Interest* (RHS) 6 145.85 yen 14 134.80 yen 5 12 120\ / $ 4 10 8 3 6 102.00 yen 2 4 Individual foreign securities investments (LHS) 1 2 In
Slide 9: Movement of Individual Financial Assets (3)
Business Environment Movement of Individual Financial Assets (3) (Billions of yen) TOPIX & Individuals’ Net Purchase on Equity 1,000 3,000 Individual net purchases (LHS) 800 TOPIX (RHS) 600 2,000 400 200 0 1,000 -200 -400 -600 0 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 Source: Compiled
Slide 10: Acceleration of Corporate Restructuring (1)
Business Environment Acceleration of Corporate Restructuring (1) (% of market value) Shareholder Mix 65% Corporate Investors 60% 55% 50% 45% 40% Financial Investors 35% 30% FY96.3 FY97.3 FY98.3 FY99.3 FY00.3 FY01.3 FY02.3 Corporate investors: Non-financial companies and financial companies (excludin
Slide 11: Acceleration of Corporate Restructuring (2)
Business Environment Acceleration of Corporate Restructuring (2) (No. of deals) M&A Deals 2,500 Out-In In-Out In-In 2,000 Entering New Markets Strengthening Existing Business Group Restructuring 1,500 1,000 500 0 95 96 97 98 99 00 01 02 Note: Calculated on a calendar year basis excluding financial i
Slide 12: Acceleration of Corporate Restructuring (3)
Business Environment Acceleration of Corporate Restructuring (3) Bank Loan Interest Rate Spreads DI* (Spread DI) Based on Corporate Credit Ratings (%) 80 AAA - BBB BB - B 60 CCC - 40 20 0 -20 -40 Apr.00 Jul.00 Oct.00 Jan.01 Apr.01 Jul.01 Oct.01 Jan.02 Apr.02 Jul.02 Oct.02 * This chart shows the diff
Slide 13: Group Strategy
Group Strategy 13
Slide 14: Group Strategy – Group Vision
Group Strategy – Group Vision To be a Globally Competitive Japanese Financial Services Group Nomura Holdings Nomura’s Relative Performance (%) Securities industry (excluding Nomura 250 Holdings) Banking industry 200 Nomura Holdings 150 100 TOPIX 50 0 97 98 99 00 01 02 14 Now let’s move to group stra
Slide 15: Group Strategy – Business Execution Structure
Group Strategy – Business Execution Structure President & CEO: Junichi Ujiie Nomura Holdings Strategic Strategic Management Management Committee Committee Advisory Establish !! Establish Group Group Strategy Strategy Board Capital !! Capital Allocation Allocation Monitoring: Nomura Value Added & Oth
Slide 16: Group Strategy – Strengths of Nomura Group
Group Strategy – Strengths of Nomura Group Close Cooperation Among Three Divisions Overseas Solid Client Base Investing Needs Solution Finding Needs Individual Investors Financing Needs Domestic Retail Equity Finance Global Corporates & Public Sector Debt Finance Wholesale Institutional Investors Im
Slide 17: Group Strategy – Priorities
Group Strategy – Priorities Domestic Retail ! Expand business in anticipation of further growth in the securities market ! Serve customers by focusing on their core values Global Wholesale ! Materialize profit from rapidly expanding business opportunities ! Recognize and take risks Asset Management
Slide 18: Corporate Governance
Corporate Governance 18
Slide 19: Corporate Governance
Corporate Governance Enhanced with Shift to Holding Company Structure Outside Directors We have appointed 2 of 11 directors from outside the Company Audit Committee* One outside director is included among the six committee members Executive Compensation Committee Two of the three committee members a
Slide 20: Nomura Holdings, Inc.
Nomura Holdings, Inc. www.nomura www.nomura.com nomura.com 20