Nomura Holdings, Inc. · TSE:8604

Nomura — Q1 FY2004 Earnings Presentation

24 slides from Nomura's earnings presentation, Aug 1, 2003

  1. Slide 1: Income before Income Taxes by Segment

    Income before Income Taxes by Segment Domestic Retail Global Wholesale Asset Management. (Bitions of yer) up 4% up 49% Down 92% : SS Fvos3 F043 FYO23.FYORS.FYOKSFYOD3.—FYOD.FYOLI. YO a aay

  2. Slide 2: All percentages are year-on-year comparisons unless otherwise stated

    * All percentages are year-on-year comparisons unless otherwise stated ** Domestic Retail *** Three major exchanges = Tokyo, Osaka, Nagoya **** Nomura Securities

  3. Slide 3: Foreign Currency Bond Distribution to Retail Investors

    Foreign Currency Bond Distribution to Retail Investors (Billions of yen) +4000 976.8 Fs F033 Fras 1a 22 3Q 42 12 22 3 4a 10

  4. Slide 4: Revenue Breakdown

    Revenue Breakdown "POR 0h ——— tm Et oot | say 14% Fisgrethosavtaron ns) Oe cs co on eZ rc =

  5. Slide 5: Including CBs and warrants

    * Including CBs and warrants ** Includes variable annuity insurance

  6. Slide 6: Net Asset Accumulation

    Net Asset Accumulation (monthly average) (Billions of yen) 250 150 100 Fvo23 F033 Fv04s oa. 10 [Net asset accumulation: Gap between inflow and outflow of assets

  7. Slide 7: Net Revenue

    Net Revenue Gillions of yen) 70 60 50 40 30 20 10 FYO331Q — FY0431Q —-FY03.3 (1/4)

  8. Slide 8: Three major exchanges = Tokyo, Osaka, Nagoya

    * Three major exchanges = Tokyo, Osaka, Nagoya

  9. Slide 9: Net Revenue

    Net Revenue @ilions of yen) 35 30.4 Down 33% 204 205 15 10 FY0331Q © FY0431Q — FY03.3.(1/4)

  10. Slide 10: Net Revenue

    Net Revenue (Billions of yen) 20 173 16.8 18 Down 23% 129 10 5 0 FY0331Q — FYO4.31Q —FY03.3 (1/4)

  11. Slide 11: (Billions of yen)

    (Billions of yen) 300 250 200 150 100 50 281.8 fen Fv023 Fy04.310

  12. Slide 12: Net Revenue

    Net Revenue (Gillions of yen) 5 4 3 FY0331Q — FY0431Q —-FY03.3(1/4)

  13. Slide 13: Primarily invests in US dollar denominated bonds, (government bonds, ABS, corporate bonds)

    * Primarily invests in US dollar denominated bonds, (government bonds, ABS, corporate bonds)

  14. Slide 14: Net Revenue

    Net Revenue Gillions of yen) 12 7" 98 Down 15% 93 83 FY03.31Q — FY04.31Q —FY03.3 (1/4)

  15. Slide 15: Assets Under Management

    Assets Under Management (NAM) {Tagons of yen) ‘Stock investment trusts = Bond investment trusts sinvosimontadvisory Other 182 Meco? un02—-Sep2 Dec 02 Mar03— Jun03,

  16. Slide 16: Source: The Investment Trusts Association, Japan

    Source: The Investment Trusts Association, Japan

  17. Slide 17: All percentages are year-on-year comparisons unless otherwise stated

    * All percentages are year-on-year comparisons unless otherwise stated

  18. Slide 18: Excludes expenses related to PFG entities (70.4 bil. yen for FY02.3)

    * Excludes expenses related to PFG entities (70.4 bil. yen for FY02.3) ** Figures for FY02.3 exclude a special charge (18.9 bil. yen) for withdrawal from the multi-employer pension plan

  19. Slide 19: Total Income before Income Taxes for Business Segments

    Total Income before Income Taxes for 3 Business Segments: 587 billion yen Loss/gain on undesignated hedging instruments -88 dillon yen included in Net gain on trading Loss/gain on investment securities 1. billion yen Equity in losses/earnings of affiliates 05 bilion yen carport tums 5. bon yon I Tot

  20. Slide 20: Commissions (Billions of yen)

    Billions of yen) 0 3906 40 34g 348 M7 34a 38 310 20 266 2 10 ° Fv02.3 | Fvoz.3 | Fv02.3 | Fvo2.3 | Fy03.3 | Fv03.3 | Fv03.3 | Fv03.3 | F043 ra | 2a | sa | sa | ia | 22 | sa | aa | ia Total sss | sto | 346 | sas | a51 | sa7 | s43 | 256 | 338 Bother 24 | ss | 32 | a4 | 57 | 98 | 53 | 52 | 45 [= Commis

  21. Slide 21: Investment Banking Fees (Billions of yen)

    (Billions of yen) 35 31.0 30 bad 29 196 20 1858 169 158 as 4144 145 0 5 ° FY02.3 | FY02.3 | FY02.3 | FY02.3 | FY03.3 | FY03.3 | FY03.3 | FY03.3 | FY04.3 1a | 2a | sa | 4a | ta | 2a | 3a | 4a | ta Total 141 | 229 | 196 | 186 | 156 | 183 | 169 | 31.0 | 145 [= Other oa [os | ot | os | os | 10 | 06 | 14

  22. Slide 22: Asset Management and Custodial Fees (Billions of yen)

    (Billions of yen) 35 wo | 28 28 259 287 7 242 219 20 175 187 18 137 10 5 ° Fyo2.3 | Fyo23 | Fv02.3 | Fv023 | Fvo3.3 | Fy03.3 | Fv0z.3 | FY03.3 | Fvo4.s ta | 2a | sa | sa | ta | 2a | sa | «a | ta Total ze | oe | 257 | 20 | m2 | m9 | 75 | 157 | 137 5 Custodial feos: 25 | 26 | 23 | 25 | 26 | 23 | 23 |

  23. Slide 23: Excluding net interest revenue from PFG entities

    * 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).

  24. Slide 24: Excludes expense related to PFG entities (484.4 bil. yen for FY02.3)

    * 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.

Nomura Holdings — Q1 FY2004 Earnings Presentation on 6ix