Nomura Holdings, Inc. · TSE:8604
Nomura — Q3 FY2004 Earnings Presentation
21 slides from Nomura's earnings presentation, Jan 30, 2004
Slide 1: Consolidated Results of Operations
Consolidated Results of Operations (US GAAP) Third quarter, fiscal year ending March 2004 Nomura Holdings, Inc. January 2004
Slide 2: Review of Businesses
Review of Businesses n Segment Information (P8) n Domestic Retail (P9-11) n Global Wholesale (P12-15) n Asset Management (P16-17) n Non-interest Expenses (P18-19)
Slide 3: Income before Income Taxes by Segment
Income before Income Taxes by Segment "Domestic Retail (Bilions of yen) 100 90 80 0 pT: 30 10 rye 42 yess veers Fro (a Global Wholesale Up 45% F033 412 F043 412 F033 (a) Asset Management F033 4-2 F043 412 F033 (a) sl FY03.3 (3/4) m= 3Q m8 2a m= 1Q — Total (Nine-month total) “otal Tncoma before acorn
Slide 4: Domestic Retail
* All percentages are year-on-year comparisons unless otherwise stated ** Domestic Retail *** Three major exchanges = Tokyo, Osaka, Nagoya **** Nomura Securities
Slide 5: Stock Brokerage Commissions and Foreign Currency Bond Distribution
(Gilions o yen) ‘Stock Brokerage Commissions. 2 m8 Foreign Currency Bond (oiionscryen) Distribution to Retail Investors
Slide 6: Revenue Breakdown
Revenue Breakdown
Slide 7: Domestic Retail revenue notes
* Including CBs and warrants ** Includes variable annuity insurance
Slide 8: Net asset accumulation: Gap between inflow and outflow of assets
Net asset accumulation: Gap between inflow and outflow of assets
Slide 9: (Gilions of yen) a6
(Gilions of yen) 7 a6 aot 385 36 0 % 2 18 10 Fyo3330 —FYO4330 —FYD3. (144)
Slide 10: Primarily invests in US dollar denominated bonds (government bonds, ABS, corporate bonds)
* Primarily invests in US dollar denominated bonds (government bonds, ABS, corporate bonds) ** Exchange rate: US$=Y107 (middle rate by Nomura Securities at end of month)
Slide 11: Assets Under Management
Assets Under Management (NAM) {font yn) other "= Investment advisory |= Bond investment trusts 1 Stock investment trusts 182 NMecoz hn 02 $2p02 D2e02 Nar 03"Jun03 SepO8 Dec 03
Slide 12: Investment trusts industry data
Source: The Investment Trusts Association, Japan
Slide 13: Non-interest Expenses
(Billons of yen) 150 Up 6% 120 + 113.2 120.3, 90 60 30 0 To rransaa | Froasaa | Frosaiva To a2 3 187 [mcr Ra wa ar Je aisnees 18 35 oo oveegrent expenser [Scecspncy amtroea) 12 a9 or [rasan prososang | 188 cry oo
Slide 14: Non-interest Expenses notes
* Excludes expenses related to PFG entities (70.4 bil. yen for FY02.3) For 2Q FY02.3 and 2Q FY04.3, the special charges for withdrawal from the multi-employer pension plan were 18.9 bil. yen and 2.8 billion yen respectively
Slide 15: Appendix
Appendix • Revenue and Income by Business Segment (P21) • Global Wholesale (P22) • Domestic Retail Related Data (P23) • Major Differences (Segment / Income Statement) (P24) • Revenue (P25-28) • Non-interest Expenses (P29) • Client Assets (P30) • Number of Accounts (P31) • Secondary Market Share Data
Slide 16: Total Income before Income Taxes for Business Segments: 7.1 billion yen
Total Income before Income Taxes for 3 Business Segments: 157.1 billion yen [Loss/gain on undesignated hedging instruments included in net gain on trading Loss/gain on investment securities -0.4 billion yen Equity in lossesleamings of affiliates 4.Abillion yen Corporate items -98 billion yen Others
Slide 17: (Bilions of yen)
(Bilions of yen) seo 575 f qn |
Slide 18: (Gitlons of yen)
(Gitlons of yen) 3 9 Fs . ase sss ras ross Eamnosebonnmestar-tar fer beter tater tas
Slide 19: (Billions of yon)
(Billions of yon)
Slide 20: Revenue notes
* Excluding net interest revenue from PFG entities ** Net gain on private equity investment (232.5 bil. yen) is excluded from FY ended March 31, 2002 due to a change in structure of PFG business. However, this figure includes the gain on sales of PFG assets (116.3 bil. yen).
Slide 21: Non-interest Expenses notes
* Excludes expense related to PFG entities (484.4 bil. yen for FY02.3) Items: Compensation and benefits, information processing and communications, occupancy and related depreciation, PFG entities’ cost of goods sold, expenses associated with rental income, other.