Nomura Holdings, Inc. · TSE:8604

Nomura — Q2 FY2003 Earnings Presentation

35 slides from Nomura's earnings presentation, November 2002

1. Slide 1: Financial Results (US GAAP)

   2003 3 2 (US GAAP) 2002 10 1

2. Slide 2: „ 2003.3 „ ¾ ¾ ¾ ¾ ¾ „ 2003 2002 2003 2002 2

   „ 2003.3 „ ¾ ¾ ¾ ¾ ¾ „ 2003 3 2002 10 31 2 2003 3 2002 10 31 2

3. Slide 3: PFG ROE ROE

   2003 3 2002.4 2002.9 ¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾ * ** *** 3 2,834 2,428 PFG 18 33 406 1,311 1 2,053 18 9,636 1,277 1 7,326 10.9 ROE 9.1 223 ROE 9.5 5 3

4. Slide 4: „ P5 „ P6 ~ „ P10 ~ „ P14 ~ „ P16 ~

   „ P5 „ P6 ~ 9 „ P10 ~ 13 „ P14 ~ 15 „ P16 ~ 17 4

5. Slide 5: 1Q 2Q TOTAL

   M 1Q mM 2Q fl 02.3 (1/2) 4H-TOTAL 6 )

6. Slide 6: MTN

   1 „ 9 ¾ 9 ¾ 573 567 ¾ ¾ 513 9 ¾ „ 9 „ 9 „ 9 6 11 567 28 257 21 102 111 42 32 61 2001 10 6 281 9 1053 10 1 45 178 MTN 42 77 10 6

7. Slide 7: 2000

   2 7 2000 3 52 29 10 36 7

8. Slide 8: Mar. 02 Jun. 02 Sep. 02

   3 35 31.5 31.6 0.7 29.3 30 0.6 28.4 28.9 28.1 0.8 0.8 0.1 0.7 6.9 0.2 0.9 10.2 25 8.4 7.9 9.3 6.6 3.3 20 2.5 2.4 2.2 2.4 5.3 2.1 5.5 7.3 15 6.7 7.7 5.8 10 15.7 13.0 10.9 11.1 11.4 10.6 5 0 Mar. 00 Mar. 01 Sep. 01 Mar. 02 Jun. 02 Sep. 02 * 8 9 3.2 9 28.1 6 1 2000 988 8

9. Slide 9: „

   4 „ 9 9

10. Slide 10: MTN and FHLB borrowings

    1 „ 9 9 ¾ ¾ „ 9 „ 9 9 10 40 325 MTN FHLB( ) 30 2,494 55 850 10

11. Slide 11: TOPIX

    2 „ 9 9 „ 700 655 600 517 500 385 400 319 288 300 216 200 147 101 102 85 100 0 FY01.3 FY02.3 FY03.3 1Q 3Q 1Q 3Q 1Q 11 124 66 TOPIX 6 10 2001 3 3 85 11

12. Slide 12: IPO, PO and M&A

    3 „ 9 9 9 ¾ „ 9 ¾ ¾ 9 9 9 9 12 13 165 IPO PO Bank of China M&A 1 9 M&A 1 12

13. Slide 13: NPF N.A. FY02.3

    4 * „ 9 9 3,500 NPF 20 3,000 161 128 127 2,500 2,000 3,148 1,500 N.A. 2,657 2,593 2,658 1,000 500 0 FY01.3 FY02.3 FY03.3 1Q FY03.3 2Q 13 60 13

14. Slide 14: MRF CRF NCRAM

    1 „ 9 9 „ 9 9 „ 14 2 103 8 MRF CRF 13 NCRAM Nomura Corporate Research and Asset Management 9 38 55 14

15. Slide 15: NAM assets under management

    2 NAM NAM 25 45% 21.0 0.2 19.8 40% 39% 39% 19.9 0.2 40% 20 0.1 18.2 0.2 17.1 35% 4.9 4.4 0.2 15.6 35% 5.6 30% 0.2 4.5 28% 33% 33% 15 30% 4.1 31% 30% 3.9 25% 27% 26% 10 20% 23% 10.7 13.3 12.9 21% 10.4 9.2 21% 20% 8.3 15% 18% 18% 5 10% 5% 3.5 3.2 3.6 3.3 2.6 2.4 0 0% Mar. 00 Mar.01 Sep.01 Mar.02 Jun.0

16. Slide 16: JAFCO

    * 1 „ 9 „ 2,394 „ 1,660 „ 1,185 9 „ 9 *PFG (2002.3 4,844 ) 16 JAFCO 934 20 1,185 27 577 189 4 16

17. Slide 17: PFG

    * 2 „ 9 9 ** *PFG (2002.3 704 ) **2002.3 17 99 3 2 2002 3 4 4 38 22 17

18. Slide 18: Appendix contents

    • P19 ~ 20 • P21 • P22 • P23 ~ 26 • P27 • P28 • P29 • P30 • P31 • P32 • P33 • P34 18

19. Slide 19: 1,133 1,238 1,146 1,072 1,084 1,043 1,439 1,452 ,200 970 997 1,243 469 454

    1,133 1,238 1,146 1,072 1,084 1,043 61 153 102 1,439 1,452 2,200 970 997 1,243 469 454 956 238 201 236 167 177 185 71 24 51 19 19

20. Slide 20: 20

    20 20

21. Slide 21: 21

    21 21

22. Slide 22: /

    / 22 22

23. Slide 23: 1

    1 23 23

24. Slide 24: 2

    2 24 24

25. Slide 25: 3

    3 25 25

26. Slide 26: PFG

    4 * ** * PFG ** 2002.3 (2,325 ) PFG PFG (1,163 ) 26 26

27. Slide 27: PFG

    * ( ) *PFG (2002.3 4,844 ) 27 27

28. Slide 28: 28

    28 28

29. Slide 29: 29

    29 29

30. Slide 30: 30

    30 30

31. Slide 31: * ** ** *** ***

    * ** ** *** *** 31 31

32. Slide 32: 32

    32 32

33. Slide 33: VaR

    „ VaR VaR ¾ 2.33 99% 01.4.1 02.09.30 45 ¾ 1 19 ¾ 25 ( ) Mar.00 Sep.00 Mar.01 Jun.01 Sep.01 Dec.01 Mar.02 Jun.02 Sep.02 17 26 30 25 20 28 20 18 13 15 18 27 22 17 29 23 17 18 1 1 3 2 3 2 2 4 4 33 45 60 49 40 60 45 38 35 (10) (14) (20) (17) (12) (19) (12) (12) (12) 23 31 40 32 28 41 33 26 23 33 33

34. Slide 34: 34

    34 34

35. Slide 35: Please visit us on the Internet: www.nomura.com

    Please visit us on the Internet: www.nomura.com 35 35

Nomura Holdings — Q2 FY2003 Earnings Presentation on 6ix