Nomura Holdings, Inc. · TSE:8604
Nomura — Q3 FY2003.3 Earnings Presentation
34 slides from Nomura's earnings presentation, 2003
Slide 1: 2003 Third Quarter Results (US GAAP)
2003 3 3 (US GAAP) 2003 1 1
Slide 2: 2003.3 ¾ ¾ ¾ ¾ ¾ 2003 2003 2003 2003 1
2003.3 3 ¾ ¾ ¾ ¾ ¾ 2003 3 3 2003 1 30 2 2003 3 3 2003 1 30 2
Slide 3: ¾ROE ¾ROE
2003 3 3 2002.4 2002.12 ¾ ( ) 4,156 10% * ¾ 3,559 26% * ¾ 596 N.M. ¾ 1,460 N.M. ¾ 19 4,517 1 6,934 ** ¾ 1 7,238 1,189 ** ¾ 11.3 11.1 ¾ROE 9.5% *** ¾ ( ) 1,321 4% * ¾ 1,132 4% * ¾ 190 8% * ¾ 150 122% * ¾ROE 9.8% *** * PFG ** *** 3 3
Slide 4: P5 P6 ~ P9 ~ P13 ~ P15 ~
P5 P6 ~ 8 P9 ~ 12 P13 ~ 14 P15 ~ 16 4
Slide 5: 1Q 2Q 3Q
1Q 2Q 3Q 02.3 (3/4) TOTAL (9 ) 5 5
Slide 6: MTN 9 China Telecom
1 268 16% 9 * 135 6% ¾ 5.2 33 80 9 ** 63 2% 21% 70.3 ¾ ** 40 34% 70 ¾ ** 12 63% 58.1 57.3 ¾ ** 11 552% 60 ¾ 3.5 35% 2.7 44% 50 0.2 16% 0.6 86% 40 9 30 ¾ 9 1,053 12 1,493 20 322 71% 10 9 MTN 0 FY02.3 3Q FY03.3 3Q FY02.3 (1/4) 69 46% Total 58.1 70.3 57.3 9 0.9 0.7 0.8 18.8 32.2 15.4 2002 12 ** 4
Slide 7: 2
2 7 7
Slide 8: Mar. 02 Jun. 02 Sep. 02
3 * ** 35 31.5 31.6 0.6 0.7 28.9 29.3 30 0.8 0.8 28.1 27.4 6.9 0.2 0.9 10.2 0.9 0.2 25 8.4 7.9 6.6 6.3 3.3 20 2.5 2.4 2.2 5.3 2.4 2.0 5.5 15 7.3 7.7 6.7 8.1 10 15.7 13.0 11.1 11.4 10.6 5 9.9 0 Mar. 00 Mar. 01 Mar. 02 Jun. 02 Sep. 02 Dec. 02 * CB ** 8 8
Slide 9: MTN ¾ 2003.3 3Q 2,390 FY02.3 3Q
1 9 650 45 41.6 9 RMBS 1,500 40 9 RMBS 330 MTN 35 9 ( ) ¾ 2003.3 3Q 2,390 7% 30 873 25 22.7 485 19.5 20 15 10 5 0 FY02.3 3Q FY03.3 3Q FY02.3 (1/4) 9 9
Slide 10: 2Q 3Q FY01.3
2 9 9 70 65.5 60 51.7 50 40 38.5 31.9 28.8 30 21.6 20 14.7 10.1 10.2 9.5 10 8.5 0 FY01.3 FY02.3 FY03.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 10 10
Slide 11: IPO PO*
3 IPO PO* 9 IPO 672 77 35 79 96 32.3 30 9 PO 2,305 260 1,341 1,390 25 9 22.1 ¾ CB 20 ¾ China Telecom 14.8 15 9 10 ¾ ¾ 5 M&A ** 9 1 0 9 125 FY02.3 3Q FY03.3 3Q FY02.3 (1/4)* 9 208 9 33 11 11
Slide 12: NPF FY02.3 3Q FY03.3 3Q
4 * 9 40 9 35 33.9 9 30 9 I 25 9 20 NPF 15 350 2.0 10 300 16.1 12.8 11.6 5 12.7 250 0 200 -5 -3.5 -4.9 314.8 150 -10 265.7 259.3 265.8 272.1 FY02.3 3Q FY03.3 3Q FY02.3 (1/4)* 100 50 0 FY01.3 FY02.3 FY03.3 FY03.3 FY03.3 1Q 2Q 3Q 12 12
Slide 13: FY02.3 3Q FY03.3 3Q FY02.3 (1/4)
1 9 14 9 12.1 11.8 12 9 10 9.1 8 200 180 160 162.1 6 140 142.9 120 4 100 93.8 80 80.0 60 2 40 20 0 0 Mar.01 Mar.02 Jun.02 Sep.02 Dec.12 FY02.3 3Q FY03.3 3Q FY02.3 (1/4) 13 13
Slide 14: NAM NAM
2 NAM NAM 25 21.0 19.9 0.2 20 0.1 45% 18.2 40% 40% 39% 39% 4.9 0.2 17.1 40% 5.6 0.2 35% 15.6 15.1 4.5 0.2 35% 15 4.1 0.2 30% 28% 33% 33% 3.9 3.8 31% 31% 30% 25% 26% 10 13.3 20% 23% 10.7 10.4 9.2 21% 21% 20% 20% 8.3 7.8 15% 18% 5 10% 5% 3.5 3.2 3.6 3.3 3.3 2.6 0% 0 Mar.00 Mar.01 Mar.02 Jun.02 Sep.02
Slide 15: Total *PFG FY02.3 3Q
* 1 180 166.0 150 117.7 120 113.2 90 60 30 9 0 FY02.3 3Q FY03.3 3Q FY02.3 (1/4) Total 117.7 113.2 166.0 ( 0.2 0.5 23.7 14.8 11.9 18.4 5.4 4.8 6.7 12.8 14.1 14.7 20.6 18.8 20.0 5.2 3.6 5.2 58.6 59.5 77.3 *PFG (2002.3 4,844 ) 15 15
Slide 16: FY00.3 (1/4) * PFG FY01.3 (1/4)
* 2 9 9 *** 45 40.4 40 36.7 36.6 34.2 35.3 35.0 35 36.0 32.5 30 25 27.0 24.5 23.2 20 22.4 15 FY00.3 (1/4) FY01.3 (1/4) FY02.3 (1/4) FY03.3 1Q FY03.3 2Q FY03.3 3Q * PFG (2002.3 704 ) ** 366 360 ***2002.3 189 16 16
Slide 17: • P18 ~ • P20 • P21 • P22 ~ • P26 • P27
• P18 ~ 19 • P20 • P21 • P22 ~ 25 • P26 • P27 • P28 • P29 • P30 • P31 • P32 • P33 17
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Slide 21: FY03.3 Segment Results
/ FY03.3 4 12 21 21
Slide 22: FY03.3 1Q FY03.3
1 10 120 9% 115.1 50 105.2 105.0 46.1 100 39.6 40 34.6 34.8 34.7 34.3 80 31.0 30 60 20 40 10 20 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 0 FY02.3 4-12 FY03.3 4-12 FY02.3(3/4) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 105.2 115.1 105.0 Total 39.6 31.0 34.6 34.8 46.1 34.7 34.3 11.4 20.8 11.8 2.4 5.8 3.2 4.
Slide 23: Total FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 1Q
2 60 25 56.7 56.4 22.9 50.9 50 19.6 20 18.6 18.3 16.9 15.6 40 14.1 15 30 10 20 5 10 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 0 FY02.3 4-12 FY03.3 4-12 FY02.3(3/4) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 56.7 50.9 56.4 Total 14.1 22.9 19.6 18.6 15.6 18.3 16.9 0.8 2.0 1.0 0.4 0.3 0.1 0.5 0.3 1.0 0.6 9.5
Slide 24: Total FY02.3 1Q
3 90 35 83.1 82.5 80 29.6 30 27.8 26.9 70 25.7 24.2 63.6 25 60 21.9 20 50 17.5 40 15 30 10 20 5 10 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 0 FY02.3 4-12 FY03.3 4-12 FY02.3(3/4) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 83.1 63.6 82.5 Total 29.6 27.8 25.7 26.9 24.2 21.9 17.5 7.4 6.9 7.4 2.5 2.6 2.3 2.5 2
Slide 25: * PFG ) PFG PFG
4 * 175 169.3 280 263.1 260 150 240 204.9 220 125 200 181.5 180 100 88.7 81.5 160 66.6 75 69.1 140 56.8 120 23.7 50 100 80 25 60 40 0 20 0 -25 -20 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 FY02.3 4-12 FY03.3 4-12 FY02.3(3/4) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total 181.5 204.9 263.1 Total 88.7 23.7 69.1 16
Slide 26: Total *PFG FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3
* 498.0 500 478.9 250 239.4 450 200 185.1 400 355.9 350 150 300 121.8 124.3 117.7 118.5 113.2 250 100 200 150 50 100 50 0 FY02.3 FY02.3 FY02.3 FY02.3 FY03.3 FY03.3 FY03.3 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY02.3 4-12 FY03.3 4-12 FY02.3(3/4) Total 478.9 355.9 498.0 Total 121.8 239.4 117.7 185.1 124.3 118.5 113.
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Slide 30: * ** ** *** ***
* ** ** *** *** 30 30
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Slide 32: VaR
VaR VaR 10 ¾ 2.33 99% 01.4.1 02.12.31 4.5 ¾ 1 1.7 ¾ 3.0 ( 10 ) Mar.00 Sep.00 Mar.01 Jun.01 Sep.01 Dec.01 Mar.02 Jun.02 Sep.02 Dec.02 1.7 2.6 3.0 2.5 2.0 2.8 2.0 1.8 1.3 1.3 1.5 1.8 2.7 2.2 1.7 2.9 2.3 1.7 1.8 1.9 0.1 0.1 0.3 0.2 0.3 0.2 0.2 0.4 0.4 0.3 3.3 4.5 6.0 4.9 4.0 6.0 4.5 3.8 3.5 3.5 (1.0)
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Slide 34: Nomura Holdings, Inc.
Nomura Holdings, Inc. www.nomura www.nomura.com .com 34 34