Nomura Holdings, Inc. · TSE:8604
Nomura — FY2004.3 1H Earnings Presentation
46 slides from Nomura's earnings presentation, Dec 5, 2003
Slide 1: 1
1
Slide 2: I II III
I II III IV 2
Slide 3: I II III
I II III IV 3
Slide 4: I
I 4
Slide 5: FRB Flow of Funds Accounts of the United States
1 1,385 2003.06 32 2003.06 2 12 2 8 13 6 32 57 30 29 FRB ” Flow of Funds Accounts of the United States” I 5
Slide 6: -US 3months 3months
2 ( ) ( ) 5 180 -US ( ) 160 4 140 3 120 / 120 2 100 3months 3months 1 80 0 60 -1 91.3 92.3 93.3 94.3 95.3 96.3 97.3 98.3 99.3 00.3 01.3 02.3 03.3 04.3 (FY) I 6
Slide 7: A B C
3 A B C C D D D A B C D I 7
Slide 8: % 33% 21% 20% 18% 15% 5% 91.3 92.3 3.3 94.3 95.3 96.3 97.3
1 % 35 30 33% 25 21% 20 20% 18% 15 15% 10 5 5% 0 91.3 92.3 93.3 94.3 95.3 96.3 97.3 98.3 99.3 00.3 01.3 02.3 03.3 FY I 8
Slide 9: M&A
2 ( M&A 2,000 1,800 1,600 1,400 9months 9months 1,200 1,000 800 600 400 200 0 95 96 97 98 99 00 01 02 03 ( ) ( ) M&A ( ) I 9
Slide 10: 9months 9months
3 ( 1,000 900 800 9months 9months 700 600 500 400 300 200 100 0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 ( ) 2000 4 I 10
Slide 11: GDP
1 GDP % 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 02.3 02.6 02.9 02.12 03.3 03.6 03.9 CY I 11
Slide 12: IMF World Economic Outlook 2003
2 2001 2002 2003 2004 2003 2004 2.4 3.0 3.2 4.1 0.4 0.2 2.0 1.4 +1.2 +0.4 0.3 2.4 2.6 3.9 +0.4 +0.3 2.1 1.9 1.7 2.4 0.3 0.1 0.8 0.2 0.0 1.5 0.5 0.4 IMF World Economic Outlook 2003 9 I 12
Slide 13: I II III
I II III IV 13
Slide 14: FY02.3(1/2) FY03.3(1/2) FY04.3 1H
10 % 180 18 159.3 160 16 140 14 120 11.1 12 10.4 100 10 86.5 84.0 86.7 7.4 80 8 60.0* 60 6 40 4 23.7 20 2 0 0 FY02.3(1/2) FY03.3(1/2) FY04.3 1H * II 14
Slide 15: FY02.3 1/2 FY03.3 1/2 FY04.3 1H
10 95.6 95.4 95 FY02.3 1/2 3 FY03.3 1/2 FY02.3 FY03.3 FY04.3 FY04.3 1H (1/2) (1/2) 1H 70 110.9 110.9 64.9 64.9 132.4 132.4 45.5 45 39.4 20 17.8 10.2 5.1 1.6 -2.4 -5 II 15
Slide 16: I II III
I II III IV 16
Slide 17: ROE
10 15 ROE III 17
Slide 18: I II III
I II III IV 18
Slide 19: n n n
n n n III 19
Slide 20: FY01.3 FY02.3 FY03.3
1 6 5.1 5.1 5 95 4 2.6 2.6 3 2 1 0 FY01.3 FY02.3 FY03.3 FY04.3 = III 20
Slide 21: III
2 10 1000 800 % % 600 400 37 37 200 18 18 15 15 10 10 0 3 4 7 9 1 2 3 4 III 21
Slide 22: III
1 1,400 20,000 03 03 99 132.3 132.3 53 53 )) 18,000 1,300 16,000 14,000 1,200 12,000 1,100 10,000 8,000 1,000 6,000 4,000 900 2,000 800 0 01.3 02.3 03.3 04.3 III 22
Slide 23: IT
2 IT 100% 121.5 121.5 1,400 03 03 99 90% 1,200 80% 70% 1,000 FY04.3 FY04.3 2Q 2Q 60% 46% 46% 800 50% 600 40% 30% 400 20% 200 10% 0% 0 FY00.3 FY01.3 FY02.3 FY03.3 FY04.3 * III 23
Slide 24: FY98.3 FY99.3 FY00.3
3 25,000 32.1 32.1 31.3 31.3 2000 2000 66 03 03 99 20,000 30 15,000 20 10,000 10 5,000 0 0 FY98.3 FY99.3 FY00.3 FY01.3 FY02.3 FY03.3 FY04.3 III 24
Slide 25: 37.2 37.2 36.6 36.6 40,000 35,000 30,000 25,000 20 20,000 15,000 10 10,000 5,000
4 37.2 37.2 36.6 36.6 40 89 89 99 03 03 99 40,000 35,000 30 30,000 25,000 20 20,000 15,000 10 10,000 5,000 0 85.3 86.3 87.3 88.3 89.3 90.3 91.3 92.3 93.3 94.3 95.3 96.3 97.3 98.3 99.3 00.3 01.3 02.3 03.3 04.3 FY 9 III 25
Slide 26: n n n
5 n n n IR n n n 70 n 2001 110 n 400 n III 26
Slide 27: I II III
I II III IV 27
Slide 28: n n n
n n n n III 28
Slide 29: NAM
1 03 9 NAM 25 1 41 20 15 21 10 1 5 66 0 FY 02.3 FY 03.3 FY 04.3 ETF III 29
Slide 30: III
2 03 03 33 03 03 99 44 62 600 740 +23 250 360 +44 III 30
Slide 31: III
3 22 44 254 254 88 397 397 99 11 11 26 26 456 456 10 10 11 11 26 26 373 373 11 11 11 11 26 26 617 617 III 31
Slide 32: S&P500 02.3 2H 03.3 1H
1 (10 ) ( ) 3000 3000 700 2500 2500 600 S&P500 500 2000 2000 400 1500 1500 300 1000 1000 200 500 500 100 0 0 0 1980 83 86 89 92 95 98 01 02.3 2H 03.3 1H 03.3 2H 04.3 1H 80 84 PWBA , 85 2002 FRB,“Flow of funds accounts ” III 32
Slide 33: III
2 2003 9 * 18.6 18.6 28 28 0 50 100 150 200 * 2004 1 5 2003 12 12 9 III 33
Slide 34: I II III
I II III IV 34
Slide 35: n n n
n n n III 35
Slide 36: CB
CB III 36
Slide 37: J III
1 2003.1.1 2003.9.30 (%) 1 32.1 59 2 15.6 1 3 13.4 27 4 11.9 35 5 7.3 3 6 4.5 5 7 3.4 5 J 8 3.3 12 9 3.2 11 10 1.8 2 III 37
Slide 38: M&A
2 M&A 2003.1.1 2003.9.30 (%) 1 33.0 21 KS Biomedix Xenova Group plc 2 27.7 6 3 26.5 5 4 20.2 74 TA Triumph -Adler AG 5 20.1 33 6 17.4 6 7 UFJ 13.1 44 8 10.3 14 9 10.3 80 10 SMBC 10.3 39 III 38
Slide 39: NPF
3 NPF 10 300 19.2 14.3 16.1 250 8 03 9 2 200 150 265.7 265.7 277.1 100 50 0 02.3 03.3 03.9 III 39
Slide 40: FY02.3 FY02.3 1H 2H
10 1,400 1,200 10 4 1,000 12.5 4 50 5 800 50 6 600 10 10 400 10 8 200 30 9 0 FY02.3 FY02.3 FY03.3 FY03.3 FY04.3 1H 2H 1H 2H 1H III 40
Slide 41: I II III
I II III IV 41
Slide 42: IV
IV 42
Slide 43: CEO COO Co-COO
1 CEO COO Co-COO IV 43
Slide 44: IV
2 3 3 2 3 2 3 2 IV 44
Slide 45: IV
3 27 10 4 2 IV 45
Slide 46: Nomura Holdings, Inc.
Nomura Holdings, Inc. www.nomura.com/jp/ 46