Nomura Holdings, Inc. · TSE:8604

Nomura — Q1 FY2005.3 Earnings Presentation

34 slides from Nomura's earnings presentation, Jul 29, 2004

  1. Slide 1: FY2005.3 First Quarter Financial Results (US GAAP)

    2005 3 1 (US GAAP) 2004 7 2005 3 1 2004 7 29 6 30 CFO 1

  2. Slide 2: „ 2005.3 „ ¾ ¾ ¾ ¾ ¾ „ 2005 2004 2005 2004 7

    „ 2005.3 1 „ ¾ ¾ ¾ ¾ ¾ „ 2005 3 1 2004 7 29 2 2005 3 1 2004 7 29 2

  3. Slide 3: Summary of results, ROE 9.0%

    2005 3 1 2004.4 2004.6 ¾ ( ) 2,139 6.9% * ¾ 1,415 9.8% * ¾ 725 1.6% * ¾ 408 4.6% * ¾ 30 139 2,610 ** ¾ 1 8,334 477 ** ¾ 16.4 16.7 ¾ROE 9.0% *** * ** *** 4 /2 3 3 2005 3 1 6.9 2,139 9.8 1,415 1.6 725 4.6 408 2,610 30 139 477 1 8,334 16.4 ROE 9.0 5 3

  4. Slide 4: „ P5 „ P6 ~ „ P9 ~ „ P12 ~ „ P14 ~

    „ P5 „ P6 ~ 8 „ P9 ~ 11 „ P12 ~ 13 „ P14 ~ 15 4

  5. Slide 5: Income summary by quarter

    FY04.3 FY05.3 FY04.3 FY04.3 FY05.3 FY04.3 FY04.3 FY05.3 FY04.3 1Q 1Q (1/4) 1Q 1Q (1/4) 1Q 1Q (1/4) 5 5 1 1 1 62 337 14 327 785 8 3 671 14 2002 3 13 5

  6. Slide 6: Revenues and IPO/PO results

    1 „ 558 117% 90 16% 87.0 9 365 201% ¾ 13.9 179 80 75.0 76.4 ¾ 6 139.4 04 3 2.5 ¾ IT * 70 49% 23% 60 9 ** 145 52% 50 ¾ 76 196% ¾ 46 4% 40 9 ¾ 30 6 3,049 20 „ 47 61% 10 9 7 3,735 0 FY04.3 1Q FY05.3 1Q FY04.3 (1/4) 17,726 21 Total 75.0 87.0 76.4 1.2 1.6 1.2 „ 186 54% 40.4 18.6 24.4 „ 63 33% 4.8 6.3 5.4

  7. Slide 7: 2,287

    2 7 7 2 13 365 2,287 50 22 18 7

  8. Slide 8: * ** *** 36.2 35.2 0.4 1.5 32.5 1.4 0.3 31.5 31.6 .3 0.3

    3 * ** 40 *** 36.2 35.2 0.4 35 1.5 32.5 1.4 0.3 31.5 31.6 31.3 0.3 4.7 0.6 0.0 0.7 0.0 28.9 29.3 1.2 0.3 1.3 5.0 30 0.8 0.0 27.1 1.1 0.2 5.2 2.7 6.5 5.6 2.7 9.8 1.0 0.2 25 5.7 2.5 8.1 3.3 5.9 2.4 2.2 20 2.5 2.4 2.0 16.9 16.0 13.7 15 12.8 11.1 15.7 9.5 13.0 11.1 10 5.1 5.3 5.7 6.1 6.5 5.0 5 4.2 3.6 3

  9. Slide 9: Brokerage and related revenues

    1 1Q „ 9 * „ 9 3.9 90 9 7.6 82.6 13% 80 „ 71.8 71.0 9 1,000 70 9 10 9 7.5 5 60 „ 9 50 „ 40 30 120 20 100 80 10 60 0 40 FY04.3 1Q FY05.3 1Q FY04.3 (1/4) 20 0 *FY04.3 1Q FY04.3(1/4) -20 FY03.3 1Q FY03.3 2Q FY03.3 3Q FY03.3 4Q FY04.3 1Q FY04.3 2Q FY04.3 3Q FY04.3 4Q FY05.3 1Q 9 9 4 1 1 718 13 9

  10. Slide 10: Investment banking

    2 1Q „ 9 20 „ * IPO PO CB 17.7 9 12,729 289% 2,528 344% 15 12.9 12.9 „MPO (Multiple Private Offering) 9 2005 3 1Q 5 183 10 2004 1 6 9 548 „M&A 9 5 9 9 M&A ** 0 9 1 FY04.3 1Q FY05.3 1Q FY04.3 (1/4) 9 70 9 82 9 22.5 10 10 IB 1 0.3 129 CB MPO 5 183 M&A 10

  11. Slide 11: Asset management

    3 1Q „ 9 9 5 „ 9 4 „ 2.8 2.7 3 NPF 2 400 357.2 1 331.4 327.2 350 0 291.0 291.4 66.0 284.9 50.0 37.4 300 -1 19.2 14.3 14.3 250 -1.4 -2 200 -3 150 291.2 289.8 -4 265.7 276.7 277.1 281.4 FY04.3 1Q FY05.3 1Q FY04.3 (1/4) 100 50 0 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 11 11 MB) 28 7 1

  12. Slide 12: 1Q FY04.3 1Q FY05.3 1Q

    1 1Q „ 9 9 „ 9 12 10 9.7 9.0 „ 8.3 8 20 19.9 6 16.5 15 4 13.3 12.5 12.1 11.8 10.5 10.8 2 10 9.4 0 5 FY04.3 1Q FY05.3 1Q FY04.3 (1/4) 0 FY03.3 1Q FY03.3 2Q FY03.3 3Q FY03.3 4Q FY04.3 1Q FY04.3 2Q FY04.3 3Q FY04.3 4Q FY05.3 1Q 12 12 1 2003 3 17 97 6 857 3 492 5 241 12

  13. Slide 13: Mar.00 Mar.01 Mar.02 Mar.03 Jun.03 Sep.03 Dec.03 Mar.04 Jun.04 Mar. 00 Mar. 01 Mar.

    2 % 25 60 100 54.9 ( ) 52.9 21.0 ( 19.9 0.2 50 ( 20 0.1 80 18.2 4.9 0.2 41.3 5.6 39.6 15.7 15.7 40 39.1 4.5 15.4 15.2 37.2 37.4 14.5 0.4 0.5 15 14.2 0.3 0.4 34.4 35.6 60 0.2 0.3 3.8 4.1 4.4 4.6 3.6 3.7 30 40 40 40 41 41 40 41 10 35 40 13.3 10.7 10.4 20 28 7.0 6.6 6.3 6.0 7.3 7.0 21 21 21 18 19 19 20

  14. Slide 14: Non-interest expenses

    1 „ 150 141.5 128.8 130.1 „ 120 „ 90 „ 60 „ 30 9 0 FY04.3 1Q FY05.3 1Q FY04.3 (1/4) Total 128.8 141.5 130.1 20.8 31.1 21.1 5.0 5.4 5.8 13.3 13.3 13.6 18.9 19.3 20.0 4.9 6.4 4.8 65.9 65.9 64.8 14 14 1 10 1,415 659 193 2 54 9 14

  15. Slide 15: Capital and ratings

    * 2 „ 9 9 50 40 36.6 36.4 34.2 35.3 35.9 35.9 36.4 34.3 36.0 30 32.5 29.3 28.0 28.8 28.0 25.6 20 25.7 10 0 FY01.3 (1/4) FY02.3 (1/4) FY03.3 (1/4) FY04.3 1Q FY04.3 2Q FY04.3 3Q FY04.3 4Q FY05.3 1Q * PFG NPF 2002.3 2004 3 2 189 28 15 15 2 364 0.1 4.4 DOE DOE 1 15 5 20 7 28 S&P A S&P MOODY’S A 15

  16. Slide 16: • P17 • P18 ~ • P20 • / P21 • P22 ~ •

    • P17 • P18 ~ 19 • P20 • / P21 • P22 ~ 25 • P26 • P27 • P28 • P29 • P30 • P31 • P32 • P33 16

  17. Slide 17: 17

    17 17

  18. Slide 18: * * 2004 2005

    1 * * 2004 4 2005 3 18 18

  19. Slide 19: * •2004 2004

    2 * •2004 4 2004 3 19 19

  20. Slide 20: Quarterly revenue data

    FY03.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 0.6 0.8 0.7 0.2 1.2 1.2 1.4 1.1 1.6 20.5 17.8 32.2 25.2 40.4 21.7 18.0 17.7 18.6 12.3 7.7 6.9 5.2 4.8 5.4 5.6 6.0 6.3 1.8 4.8 3.7 4.8 2.9 6.7 8.7 7.7 4.7 31.9 25.7 26.8 19.8 25.7 40.5 41.8 47.2 55.8 16.8 10.2 13.5 7.7 12.1 26.2 25.6 28.2 36.5 12.8 6.7

  21. Slide 21: / FY05.3

    / FY05.3 3 21 21

  22. Slide 22: Total FY03.3 1Q

    1 69.5 70 62.9 60 57.6 56.0 50 46.1 40 34.7 34.3 33.8 30 26.6 20 10 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Total 46.1 34.7 34.3 26.6 33.8 56.0 57.6 62.9 69.5 5.7 9.8 5.3 5.2 4.5 5.6 6.5 6.6 5.1 11.8 6.2 6.4 6.1 7.2 8.2 11.0 11.1 12.1 1.9 1.5 2.1 2

  23. Slide 23: Total FY03.3 1Q

    2 35 31.0 30 28.2 25 24.4 19.9 20 18.3 16.9 15.6 15.4 14.5 15 10 5 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Total 15.6 18.3 16.9 31.0 14.5 19.9 24.4 28.2 15.4 0.3 1.0 0.6 1.4 0.2 -0.1 0.1 0.0 0.0 2.6 4.6 3.6 6.1 2.6 3.8 4.0 5.4 4.8 9.0 7.1 8.4 12.6

  24. Slide 24: Total FY03.3 1Q

    3 30 25 24.2 21.9 20 18.6 18.2 17.5 17.0 16.8 15.7 15 13.7 10 5 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Total 24.2 21.9 17.5 15.7 13.7 17.0 16.8 18.6 18.2 2.4 2.3 2.3 2.2 2.4 2.6 2.5 2.5 2.7 2.0 3.1 2.0 3.0 1.9 3.6 2.5 4.1 2.9 19.9 16.5 13.3 10.5 9

  25. Slide 25: Total FY03.3 1Q

    4 120 113.9 99.5 100 81.5 80.3 86.4 66.6 80 74.6 56.8 60 42.8 40 20 0 -20 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Total 56.8 66.6 81.5 80.3 113.9 99.5 42.8 86.4 74.6 16.8 43.3 35.2 32.0 34.1 25.1 11.1 30.0 20.5 18.5 -3.4 -0.3 21.2 20.1 32.8 6.2 16.2

  26. Slide 26: Total FY03.3 1Q

    200 162.9 150 144.6 141.5 128.8 126.7 124.3 118.5 120.3 113.2 100 50 0 FY03.3 FY03.3 FY03.3 FY03.3 FY04.3 FY04.3 FY04.3 FY04.3 FY05.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Total 124.3 118.5 113.2 162.9 128.8 126.7 120.3 144.6 141.5 17.6 13.7 12.4 51.3 20.8 16.0 17.4 30.4 31.1 5.9 7.8 4.8 5.9 5.0 5.4 5.5 7.2 5.

  27. Slide 27: *2004 41.9

    *2004 6 41.9 27 27

  28. Slide 28: 28

    28 28

  29. Slide 29: 29

    29 29

  30. Slide 30: 30

    30 30

  31. Slide 31: NCRAM

    NCRAM 10 31 31

  32. Slide 32: VaR

    „ ¾ VaR 10 ¾ ¾ ( 10 ) Jun.02 Sep.02 Dec.02 Mar.03 Jun.03 Sep.03 Dec.03 Mar.04 Jun.04 1.8 1.3 1.3 1.5 2.1 2.3 2.9 3.3 3.0 1.7 1.8 1.9 2.3 2.5 2.4 2.5 2.0 2.8 0.4 0.4 0.3 0.2 0.3 0.3 0.3 0.5 0.4 3.8 3.5 3.5 4.0 4.9 4.9 5.7 5.8 6.3 (1.2) (1.2) (1.1) (0.9) (1.5) (1.3) (1.8) (1.9) (2.2) VaR 2.6 2.3 2.4 3

  33. Slide 33: NPF

    *NPF 33 33

  34. Slide 34: Nomura Holdings, Inc.

    Nomura Holdings, Inc. www.nomura.com 34 34

Nomura Holdings — Q1 FY2005.3 Earnings Presentation on 6ix