Nomura Holdings, Inc. · TSE:8604
Nomura — Q1 FY2017/18 Earnings Presentation
36 slides from Nomura's earnings presentation, Aug 4, 2017
Slide 1: Form 6-K cover page
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 For the month of August 2017 NOMURA HOLDINGS, INC. (Translation of regis
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), First quarter, year ending March 2018
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: August 4, 2017 By: /s/ Hajime Ikeda Hajime Ikeda Senior M
Slide 4: Consolidated Results of Operations, First quarter, year ending March 2018
Table of Contents Connecting Markets East & West Consolidated Results of Operations First quarter, year ending March 2018 (US GAAP) Nomura Holdings, Inc. July 2017 © Nomura
Slide 5: Outline
Table of Contents Outline (p. income “Other” Presentation (p.19) 22) Asset Funding Financial Management and liquidity Supplement (p. (p. 7-8)14)Executive Main Retail revenue related summary items data (p. (p. (p. 2)20) 23-26) Consolidated Wholesale Asset Management (p. balance 9-11)sheet Consolidate
Slide 6: Executive summary
Table of Contents Executive up revenue: 8.8%; unchanged recurring driven 1. Net QoQ,FY16/17 income byalthough revenue gains summary QoQ; attributable related 1Q:Investor (annualized) Y360.8bn with 7.0%) Income to varying American sentiment to —EPS3: before Nomura to underlying Y80.9bn income Century
Slide 7: Overview of results
Table of Contents Overview 62.8 Calculated +23%ofusing Net results income1 annualized Highlights 56.9net 61.3 (billions income -7% 46.8 attributable of yen, +21% except EPS2 to Nomura EPS Y15.77 and Holdings ROE) Y17.00 FY2017/18 -7% shareholders Y12.71 FY2016/17 +24% for each ROE3 FY2016/17 period.
Slide 8: Business segment results
Table of Contents Business 171.2 -3% operating 8.7 +5% +187% segment purposes 190.9(loss) -6% results 0.0before Subtotal -2.8—-10.5— Net Asset revenue 309.1 Management 297.7 Income and income +4% before 13.6 300.6 (loss) income 8.7 +3% before +56% taxes Other income 12.2 77.4 *+11% 51.7 taxes 82.354
Slide 9: Retail
Table of Contents Retail unchanged franchise securities2 3,000 of NISA. JGBsstock Net 2.for Jun/1Q revenue QoQ 4individual -Y115bn – Slowdown —Uptick Mar/4Q Cash and-Y43.1bn investors income and —Retail in insecurities investor primary before down Total client sentiment subscriptions sales3 income i
Slide 10: Retail: client assets and recurring revenue
Table of Contents Retail:Retail grow Mar/4Q products2 trusts FY2016/17 AuM Client 78.6 Y40.5bn Investment FY2017/18 client 80.9 assets assets 71.3 Y37.8bn up 71.0 trust on Jun drove net /74.0 sales Investment 1Q inflows, ongoing Sep 10% (rhs,/ 40.0 2Q steady Retail net trust Dec Recurring inflows as
Slide 11: Asset Management
Table of Contents Asset Course factors revenue financial advisory Fund inflows Corporate Management combined into and business institutions Research US income A: Y79.0bn high with have Net and before Assets yield inflows delivered revenue Asset – products, Nomura Non-interest under Management into a
Slide 12: Asset Management: product and flows
Table of Contents Asset 24.2% yen) 2017, collaboration 2Q 3Q MRFs, Management: initiating 349 4Q 1Q24.0% MMFs, in1.the each Based 500 mutual Product etc. region 1,038 on Investment assets 1,000 -399 sharing 969 759 under 230 -24trust with -233 provision 0management business 344 ACI -471 316 Nomura o
Slide 13: Wholesale
Table of Contents Wholesale QoQ towards with Income, Americas Investment higher Global the primarily 150.0 Net Banking expenses latter Markets revenue 53.3 part Rates revenues revenue booked of170.5 and and theincome quarter FX in 156.1 drivers both relation (billions up 173.0 before —Investment EME
Slide 14: Wholesale: Global Markets
Table of Contents Wholesale: -10% client revenue: declined roughlyAmericas activity flat in Y95.7bn Global QoQ Emerging in107.9 the while (+11% Markets latter 117.3 Equities QoQ; Equities part Net99.6 Americas: -11% revenue saw both 86.5 growth YoY) Cash 95.7 FY2017/18 Rates partially in and EMEA De
Slide 15: Wholesale: Investment Banking
Table of Contents Wholesale: FY2016/17 FY2017/18 revenue: $2.2bn) company ECM benchmark 2Q in and line ($6.2bn) Y25.1bn straight with Revenues GDR Investment 1Q revised Sale=of —revenues offering 100) bond (-9% Wako up33.7 disclosure Banking league QoQ; YoY Pure Samurai 42.2 declined driven +23% tab
Slide 16: Non-interest expenses
Table of Contents Non-interest 1,000 Commissions consolidated -5.7% 272.7 Occupancy 266.8 expenses subsidiaries and floor and Focusrelated Full 100? pay Compensation year Decline for depreciation Quarter performance in expenses Key and78.4 benefits points with? 69.8 related (billions on 18.2 574.2 e
Slide 17: Robust financial position
Table of Contents Robust Y42.9trn FY2016/17 101 ratio borrowed, by exposure Level 20.0% financial Y44.5trn 3divided FY2017/18 19.8% Assets (sumposition of by 16.3% 10% Net on-balance Nomura Level 3200 Balance 2019 Shareholders’ Consolidated 3Holdings applied Assets sheet sheetexposures Net to relate
Slide 18: Funding and liquidity
Table of Contents Funding related within Average Maintain repo, deposit securities, 1yr, assets atretail and aexchanges high 9%liquidity that bonds, –derivatives, quality Other areand etc. long-term Balance assets liquidity segregated Short-term etc. are sheet debt Trading bonds, funded client marke
Slide 19: Financial Supplement
Table of Contents Financial Supplement
Slide 20: Consolidated balance sheet
Table of Contents Consolidated deposits 7,195 Total assets 7,518 3,708 42,852 323 balance 3,694 Total 44,478 -15 sheet trading Total 1,626 (billions assets1 loans Total and and of liabilities receivables yen) private Marand 15,192 31, 3,097 equity June 16,954 3,503 42,852 30, Increase 1,762 405 44,4
Slide 21: Value at risk
Table of Contents ValueDiversification 3.5 5.2 (billions at risk of Definition yen)benefit FY2015/16 -2.0 -1.7 FY2016/17 From -2.9April -1.9 1, -3.1 FY2016/17 2017, -1.7 to -1.7 June FY2017/18 VaR 30, 2017 3.5 3.3 (billions Mar 4.4 3.9 Marof 4.9 Jun yen) 3.3 Sep3.5 99% Dec confidence Mar Jun 17 Equi
Slide 22: Consolidated financial highlights
Table of Contents Consolidated revenue 67.29 8.1% 61.3 income. 56.9 shareholders 9% 1,395.7 2,642.3 financial 1,403.2 per 2,639.4 8.1% highlights share Income 2,807.2 7.0% (yen) before Full 2,789.9 Diluted-Net income year2,847.0 80(billions taxes income 165.2 7.0% of6% attributable yen) 322.8 8.1% 6
Slide 23: Consolidated results: revenue and expenses
Table of Contents Consolidated 17.3 106.6 Net 61.3revenue 23.4 56.9 108.9 23.7 117.4 1,395.7 income 28.2108.2 19 22.7 1,403.2 Asset 134.4 338.5 management Gain Full347.0 year (loss) Quarter 368.6 onand investments 349.1 portfolio 360.8service (billions inNon-interest equity fees of securities yen) 2
Slide 24: Main revenue items
Table of Contents Main 3.4 underwriting 36.2Commissions 35.5 revenue 38.0and items 39.0 distribution Commissions 39.9 AssetFull 12.9 management foryear 16.9 distribution Quarter 2.9 3.2 4.2 of investment 6.6and 3.6FY2016/17 portfolio Feestrusts fromservice 89.5 FY2017/18 M&A 75.1 Administration / Fi
Slide 25: Segment and regional results
Table of Contents Consolidated FY2016/17 13.1 77.4 Asia are preliminary -3.8 Geographic and Oceania 22.6results: 13.6 for information: 19.8 the Segments 1Q Income three 23.7 2Q 6.1 3Q months (loss) total Income 8.3 4Q185.8 11.9 before 1Q ended (loss) Retail -2.5 316.2 income June before 5.3 127.6 73
Slide 26: Segment Other
Table of Contents Segment “Other” FY2017/18 purposes FY2015/16 Equity IncomeFY2016/17 in(loss) earnings before of affiliates income1Q taxes 32.7 2Q 3Q 32.34Q 1.11Q 10.9 Full Net11.0 year gain9.4 Quarter (loss) 7.0 Corporate related to economic (billions items -52.3 of6.4 yen) -6.4 -7.3-4.3 12.0 -5.3
Slide 27: Retail related data (1)
Table of Contents Retail 19.8 -33.5% 299.6 0.2 2,850.0 77.1% 0.0 17.6 75.1 related 0.0 34.3% 2,881.7 18.0 71.8 0.0data 2.3% 0.0 Investment 75.4 2,912.7 23—(1) 1.37.2% 77.4 Stock Excluding Full 2,941.5 76.8 trust Of investment year which, -0.8% administration 2,975.3 Net Quarter &2.3% commissions Cal
Slide 28: Retail related data (2)
Table of Contents Retail trusts 6.0 99.16.1 108.0 related Domestic 107.7 data Domestic 111.9 bonds1 (2) 1.Retail 11.7 bonds Including 11.7 client 40 11.8 CBs assets 11.7 andForeign 11.5 warrants. 11.7 (trillions currency 11.5 Stock of bonds 24 yen) investment 2.20 Including trusts 120 annuity Equiti
Slide 29: Retail related data (3)
Table of Contents Retail related data -500 FY2016/17 (3) NetFY2017/18 inflows ofFY2015/16 cash and securities1 FY2016/17 Full 1Qyear 2Q Quarter 3Q 4Q 1Q 1. Cash (billions and securities of yen) inflows (billionsminus of yen) outflows, excluding 1,000 1,000 regional financial 500 500 institutions. 31
Slide 30: Retail related data (4)
Table of Contents Retail 2,821 2,836 individual FY2017/18 related accounts 1Q. Nomura data26 (4) 336 Home 2. Percentage Number 231Trade1 54 57 of55 of /accounts 4,350 cash 65 52stock 4,456 IT share2 transactions 4,378(thousands) 4,403 conducted 4,427 No.FY2015/16 4,456 of orders via4,361 Nomura 58%
Slide 31: Asset Management related data (1)
Table of Contents Asset 14.9 Management 54.4 and Asset 14.6 Management Group 14.5 Management company -0.7% 43.5related 47.4 6.1% overlap and 40.3 data Income Wealth 41.5 (1) 8.146.3 before Square. 8.3 Full47.4 7.4 year income 7.5 48.9 27 Quarter 8.2 2.Nomura taxes Net 8.3 after 8.4 36.7 Funds Assets
Slide 32: Asset Management related data (2)
Table of Contents Asset48% 316 share2 23% (%) 24% Management of which (trillions 45% Domestic 47% ETFs ofrelated 45% public yen) 2,339 46% FY2015/16 data bond 1,934 45% (2) investment -24 45% Asset FY2016/17 4771.279 Based inflows/outflows trusts 1,203 on FY2016/17 assets 183 Investment under Market
Slide 33: Wholesale related data
Table of Contents Wholesale 144.3 FY2016/17 Banking1 Investment 140.6 120.0 related Banking 149.996.1 data 143.1 (gross) QoQ 20.4154.0 Full 23.8 YoY have year 7.6% 24.2 been 1Q Quarter 27.7 6.7% 2Qreclassified 3Q 25.1 Income 4Q-9.3% 1Qbefore from (billions 22.9% Fixed FY2016/17 income Net Income of
Slide 34: Number of employees
Table of Contents Number 2,325 Asia of and employees Oceania1FY2015/16 6,855 6,619FY2016/17 6,769 6,667FY2016/17 6,606 6,619 FY2017/18 6,673 Total 28,865 Mar Mar 28,186 Jun 29,212 Sep Dec28,654 Mar Jun 28,398 Japan 28,186 16,083 28,914 16,227 16,792 30 16,543 1. Includes 16,450 Powai 16,227office 16
Slide 35: Disclaimer
Table of Contents Disclaimer affiliate regulations, implied, unless document read all (http://www.nomura.com) investor are unaudited. of inherently made, inthe otherwise the thereof. sentiments, are following and contains context rules made This uncertain Nomura Offers indicated. and document that o
Slide 36: Nomura Holdings, Inc. www.nomura.com
Table of Contents Nomura Holdings, Inc. www.nomura.com