Nomura Holdings, Inc. · TSE:8604

Nomura — Q2 FY2013/14 Earnings Presentation

39 slides from Nomura's earnings presentation, Nov 6, 2013

  1. Slide 1: Form 6-K Nomura Holdings, Inc.

    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 November 2013 NOMURA HOLDINGS, INC. (Translation of reg

  2. 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), Second quarter, year ending March 2014

  3. 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: November 6, 2013 By: /s/ Eiji Miura Eiji Miura Senior Man

  4. Slide 4: Consolidated Results of Operations (US GAAP), Second quarter, year ending March 2014

    Table of Contents Consolidated Results of Operations Consolidated Second (US Nomura October © Nomura GAAP) quarter, 2013 Holdings, Results year Inc. ending of Operations March 2014

  5. Slide 5: Presentation Outline

    Table of Contents Executive Presentation Outline Overview Business Non-interest Reference: Robust Funding Financial Value Main Consolidated Segment Retail Asset Wholesale 2Number revenue Management at (p. related financial risk of and Other” segment Supplement 6-7) of summary (p. related Wholesale e

  6. Slide 6: Executive Summary

    Table of Contents Executive Highlights FY2013/14 Slowdown –Net Three Retail: Income Asset Delivered investment Wholesale: All Profitability (1) 3(2) Income Net ROE: Net FY2012/13 business international revenue: income revenue revenue: income1: Management: segment Net income before 6.4% before solid

  7. Slide 7: Overview of Financial Results

    Table of Contents Overview (billions Highlights FY2013/14 QoQ 2Q Non-interest Income Net EPS2 ROE3 (1) (2) 4(4) Net Diluted FY2012/13 1H revenue income1 YoY 9.99 6.4% income before ofof 4yen net yen, FY2013/14 YoY 8.9% 356.4 expenses results 38.1 income -42% figures attributable except 4-42% -17% 13

  8. Slide 8: Business Segment Results

    Table of Contents Business (billions QoQ 2Q revenue Wholesale Other Net income before taxes Segment Other* Unrealized equity Income *Additional Loss (1) 1H Retail revenue from YoY Wholesale 29.6 securities -3.5 Asset Retail before Asset of total segment 1119.7 changes FY2012/13 183.3 -31% gain yen)

  9. Slide 9: Retail: Segment Results

    Table of Contents (billions QoQ 2Q Non-interest Retail (trillions 87.7 67.3 83.8 FY2012/13 Sep. (1) Key Net Income was to individual Continued above Client Recurring Investment Sales –Other .6(of Accounts Amundi Market Sales Net Nomura IPOs Retail awhich) Net 3Q revenue revenue: slowdown best points

  10. Slide 10: Retail: Key Points

    Table of Contents Retail: 8,000 0F 2,000 4,000 6,000 Net (billions (annualized) 41.5 49.1 Recurring 1,400 600 1,000 200 188 -200 FY2012/13 2Q (1) Total Sales Nippon Encouraging –Seminars3: 7Wonderful Y2012/13 Strong Lower Robust Record Nomura Summer Using Net 3Q asset 360 38 42.4 -10 sales of Stocks

  11. Slide 11: Asset Management: Segment Results

    Table of Contents Asset (billions QoQ Non-interest Assets (trillions 36.1 29.6 32.7 FY2012/13 22.7 25.1 Sep. (1) Key (gross). Net Income investment 2Q stocks Nomura Bank AuM: Distributors: NISA -towards awareness Investment Won stock Also 8return AuM Income Inflows US Increasing Expanding Total 3Q f

  12. Slide 12: Asset Management: Assets under Management

    Table of Contents Asset Assets (trillions 40.0 30.0 32.7 10.0 20.0 7.8 8.7 0.0 (billions 500 300 307 400 406 200 100 0F 17 2Q Nomura 23.0% market3 22.1% FY2012/13 19.0% 20.0% 21.0% 22.0% Sep. (1) Investment (4) information High Mercer –Domestic 9Selling Y2012/13 Investment Japan Total The 3Q 464 257

  13. Slide 13: Wholesale: Segment Results

    Table of Contents Wholesale QoQ Global Investment Non-interest (billions 21.8 200.0 26.0 150.0 15.0 100.0 72.5 54.1 50.0 32.8 58.8 FY2012/13 0.0 2Q (1) Nomura Key Net Income Profitability –Regional 10 Although All Japan-related Income Fixed Investment Equities InAll 3Q revenue revenue: Fixed points

  14. Slide 14: Wholesale: Global Markets

    Table of Contents Wholesale: (billions Equities Fixed 120.7 -3% 67.8 116.2 32.7 88.0 FY2012/13 2Q Key –Net FY2013/14 YoY Global Markets 0% Japan EMEA Americas AEJ Income EMEA: Americas: (1) 11Resilient Robust Rates Revenues Fixed 3Q ~revenue: revenue1 points 65.8 97.6 QoQ 5% 113.2 41.9 Income 4Q Mar

  15. Slide 15: Wholesale: Investment Banking

    Table of Contents Wholesale: 33.3 Other 23.8 -19% 13.2 16.4 23.4 0.6 15.8 2Q Key Net last Strong (#1 EMEA Increase (1H Global Investment (billions 93.0 revenues FY2012/13 +29% national Inter- 65.5 +42% 1H ECM Japan issuances Expanding International M&A Solutions, Science+ financing Future competitiv

  16. Slide 16: Non-interest Expenses

    Table of Contents Full (billions 1,600 expenses 318.1 depreciation and brokerage (Reference) benefits FY2012/13 NREH FY2011/12FY2012/13 2Q Compensation Commissions Information Occupancy communications Business Other Total Key Non-interest (Approx. –Bonus Achieved Continue (1) Nomura 13Compensation C

  17. Slide 17: Reference: Wholesale Cost Reduction

    Table of Contents Reference: (billions 5,000 3,000 3,322 Expenses Revenues 400.0 +37% 300.0 2,799 200.0 221.5 Net (USD 100.0 FY2011/12 1H FX 79.16 Implemented –Achieved and (1) 14While Revenues Cost Due 2H rate revenue highest -15% 3,892 308.1 5,000 3,834 385.9 333.5 Net 1,000 78.48 millions, reduct

  18. Slide 18: Robust Balance Sheet

    Table of Contents Robust Balance (As Shareholders’ Gross Liquidity Jun Preliminary RWA3 Total Risk RWA (trillions Tier 20.0 15.0 15.1% 10.0 10.7% 5.0 0.0 Fully balance Level (estimate) (billions Net 25% 32% 01,000 500 19% FY2012/13 Sep. (1) (3) 0% (4) 15 Net 5.0% 0.0% Sep2 leverage1 Level of 2Dec. 1

  19. Slide 19: Funding and Liquidity

    Table of Contents Funding Highly –82% –Other Liquidity –Y6.5trn, –Maintain Balance (As Assets Unsecured More long-term Diversified Trading and within 23% subordinated) market Average Short-term maturity Long-term Cash Other MTN/Other, Total bonds, Breakdown short-term/long- term (1) (2) Redemption 1

  20. Slide 20: Financial Supplement

    Table of Contents Financial Supplement

  21. Slide 21: Consolidated Balance Sheets

    Table of Contents Consolidated (billions 2013 Assets Trading Long-term equity Noncontrolling Total 1. 18 Including 2013 cash payables loans collateralized trading other NHI assets investments Liabilities liabilities ofand shareholders’ (Decrease) borrowings assets and yen) 37,942 securities assets1

  22. Slide 22: Value at Risk

    Table of Contents Value7.2 Definition 99% 1-day Inter-product (billions Mar. Equity Interest Foreign Sub-total Diversification VaR 19 confidence 12 time at1.4 rate Mar. exchange 5.1 risk of 10.4 From 1.3 horizon yen) 7.1 6.5 13 price 8.1 1.0 benefit 7.2 5.0 FY2011/12 level Sep. April 2.5 9.5 2.4 flu

  23. Slide 23: Consolidated Financial Highlights

    Table of Contents Consolidated Full 120 107.2 11.6 0.6% FY2011/12 Income Net Holdings, ROE Basic-Net Diluted-Net shareholders Total (billions Quarter (yen) 100 80 82.4 4.9% 60 8% 65.9 40 020.1 FY2012/13 2Q 401.7 35.4 2.8 2,096.6 0.4% 0.76 0.74 567.43 (1) 200%4% 2% 8.9% 38.1 1.5% 3Q 2% 20.1 revenue i

  24. Slide 24: Consolidated Income Statement

    Table of Contents Consolidated Full (billions FY2011/12 2Q Commissions Revenue Fees Asset Gain Other Total Interest Non-interest Income Net 21 3Q gain revenue income year from (loss) revenue management 563.2 4Q and expense before of on Quarter investment 1Q on yen) FY2012/13 attributable trading div

  25. Slide 25: Main Items: Commissions and Fees

    Table of Contents Mainportfolio Full FY2012/13 (billions Stock Commissions Other Equity Bond Fees investment Asset and fees Total 22 Custodial year from 347.1 59.6 144.3 revenue underwriting management brokerage 32.4 underwriting of Quarter M&A 62.4 32.6 trusts banking yen) 359.1 141.0 FY2013/14 ser

  26. Slide 26: Consolidated Segment and Geographic Results

    Table of Contents Consolidated Adjustment Retail Asset Wholesale1 Three Other1 Segments Unrealized securities FY2012/13 (billions 2Q Americas Europe Asia Subtotal Japan Income (1) (2) not 23 Due Geographic 3Q used and Management 214.1 Business 63.1 4Q 35.2 -91.5 before (loss) to -129.1 of for Oceani

  27. Slide 27: Segment 'Other' Results

    Table of Contents Segment Full (billions 60 40 35.2 20 06.6 -7.0 -20 -40 -60 FY2011/12 -80 2Q Net hedging Realized securities Equity Corporate Others1 Income (1) 24020 50.1 40 Due 3Q 7.3 -20 -40 -60 -67.9 gain -3.5 year in 4Q (loss) (Loss) 60 to 48.1 transactions of (loss) gain(loss) “Other” Quarter

  28. Slide 28: Retail Related Data

    Table of Contents Full3Q FY2012/13 (billions 2Q Commissions Fees Investment Net Non-interest Income Domestic trusts1 Bond Stock Foreign Accumulated Other policies Sales (transaction Retail (1) 25 interest revenue year from credit of investment investment related foreign 8,933.9 4Q before 1,800.8 inv

  29. Slide 29: Retail: Commissions

    Table of Contents Retail Full (billions 180 150 40 commissions of 30 20 060 FY2012/13 FY2011/12 2Q Stock Commissions trusts1 (1) 260investment 10 3Q 70 60 year brokerage related 139.9 4Qof Quarter Nomura 1Q yen) FY2012/13 FY2013/14 161.5 data for trusts 2Q(billions 120 commissions distribution (2) S

  30. Slide 30: Retail: Client Assets

    Table of Contents Retail Other (trillions 83.8 100 80 0F 20 40 60 67.3 Mar. Equities Foreign Domestic Stock Bond Overseas Other2 Total (1) Y2011/12 27 72.0 83.8 12 72.0 investment investment related client 2.3 73.6 Mar. currency 37.2 of mutual 87.7 bonds 83.8 Includes 2.7 FY2012/13 yen) assets 13 46

  31. Slide 31: Retail: Net Asset Inflow

    Table of Contents Retail Full (billions 1,225 4,000 2,400 1,100 188 1,035 360 500 2,000 700 038 FY2012/13 FY2011/12 2Q (1) 28-10 100 Net 3Q 300 year -100 1,300 900 related client 4Q asset of Quarter 1Q yen) FY2012/13 FY2013/14 assets: inflow data 2Q(billions (4) Net = asset asset of inflow yen) infl

  32. Slide 32: Retail: Accounts and Transactions

    Table of Contents Retail Number Mar. Accounts Equity Nomura Net Full (Thousands) 2Q New IT No. Transaction (1) 29 share1 3Q & of year 12 Individual individual related Call orders holding 4Q Mar. of Home Quarter with Percentage 1Q accounts value FY2011/12 13 57% data 2Q balance Trade accounts account

  33. Slide 33: Asset Management Related Data

    Table of Contents Asset FY2012/13 (billions 2Q Net Non-interest Income Total (trillions 40.0 31.9 (gross) AuM FY2011/12 0.0 10.0 (net)2 Mar (1) 30 Capital. (2) 3Q revenue 12 36.1 32.7 assets 30.0 20.0 Management Total 4Q 1Mar before of of 24.6 36.1 27.9 1Q yen) FY2012/13 yen) FY2013/14 under 13 Net

  34. Slide 34: Asset Management: Assets under Management

    Table of Contents FY11/12 management Mar and Research Management Capital (gross)1 Group Assets (net)3 Asset Full FY12/13 (billions 2Q ETFs Investment Net business Nomura (trillions Mar. Domestic investment Market Nomura’s (1) (2) (3) 31 Assets Total Net 3Q Technologies2 asset year 12 12 347 Manageme

  35. Slide 35: Wholesale Related Data

    Table of Contents Wholesale Non-interest Income Breakdown (billions FY2011/12 2Q Fixed Equities Global Other Net Investment (1) 32 Due 3Q revenue 23.9 Income 4Q Markets (Loss) to 2of181.2 a1Q related 12.4 yen) Banking(Net) Banking Banking(Gross) FY2012/13 of reorganization 555.0 expenses 22Q Wholesa

  36. Slide 36: Wholesale: Private Equity Investments

    Table of Contents Wholesale Private (billions 300 206.4 0F Mar. Japan Europe Asia Firma) Sub Terra Total 33 Y2011/12FY2012/13 Total 200 1.9 12 221.3 Firma 100 65.5 104.6 equity (excluding Mar. 2.0 of94.1 related 52.7 yen) 104.6 221.3 127.2 1.7 13 103.1 related 76.5 58.9 1.8 Sep. 206.4 data 28.1 Terr

  37. Slide 37: Number of Employees

    Table of Contents Number FY2011/12 Mar. Japan Europe Americas Asia-Pacific1 Total (1) 34 12 34,395 (excluding (FA) 4,014 Mar. of2,420 Includes employees 2,011 FY2012/13 27,956 13 3,618 6,352 2,271 Sep. FA) 1,907 Powai 3,940 6,037 34,815 12 19,598 2,425 FY2012/13 1,981 Dec. 3,747 6,430 office 34,098

  38. Slide 38: Disclaimer

    Table of Contents Disclaimer Nothing securities or The accepted All without This be nature, consider website events Forward-looking consolidated 35 sales read rights information document and are in may (http://www.nomura.com) the in all by issued regarding the inherently investor this prior of Nomur

  39. Slide 39: Nomura Holdings, Inc.

    Table of Contents Nomura Holdings, Inc. www.nomura.com

Nomura Holdings — Q2 FY2013/14 Earnings Presentation on 6ix