Nomura Holdings, Inc. · TSE:8604
Nomura — Q1 FY2002.3 Earnings Presentation
34 slides from Nomura's earnings presentation, 2002
Slide 1: NOMURA
NOMURA 2002 3 2001 7
Slide 2: « < 2002 Ø – < – < – < < < « «
« < 2002 3 1 4 Ø – 17 < 5 – 18 < 9 – 19 < 10 < 22 < 11 « 24 « < Ø 13 « 26 2002 3 1 2001 7 27 2 2
Slide 3: NOMURA
NOMURA
Slide 4: ROE
2002 3 1 « < 1,462 26% < 1,187 7% < 367 51% < 190 58% « < 19 1,769 1 3,523 < 1 6,247 177 < 11.8 12.5 « ROE 4.6% 11.9% * 1/4 4 4
Slide 5: FY01.3 (1/4) FY02.3 1Q
(1) 350 10 334 12% « 294 7 4 < 4.9 5% 300 5 104 250 86 « * < 200 7% 200 150 100 213 200 50 0 FY01.3 (1/4) FY02.3 1Q * 5 5
Slide 6: IPO PO
(2) « IPO PO < IPO * 200 179 Ø 1,119 67% 1 47% Ø 40 97% Ø 4% 150 63 < PO * Ø 776 91% Ø 374 74% 95 Ø 48% 100 1 « 114 71 < ** 50 Ø 5,630 1% Ø 1,700 63% Ø 30% 23 < ** 0 Ø 1 2,497 7% FY01.3 (1/4) FY02.3 1Q Ø 3,415 39% Ø 27% * ** IFR Securities Data 6 6
Slide 7: FY01.3 (1/4) FY02.3 1Q
(3) « 17% 100 94 < 6.2 9% < 5.4 9% 78 80 < 0.5 4% 60 40 20 0 FY01.3 (1/4) FY02.3 1Q 7 7
Slide 8: NAM M&A
(4) 500 19% 459 « 49 < 10 371 400 Ø NAM 2.6 3.6 37 29 < 24 3 43 Ø 16.2 15.6 300 NAM 14.5 14.1 25 Ø 3.2 3.1 200 Ø 12.1 11.7 338 < NAM 271 Ø 21.9 21.0 100 Ø 17.3 16.0 Ø 4.5 4.9 0 FY01.3 (1/4) FY02.3 1Q « < M&A Ø 43 16% * 2001 6 2001 3 8 8
Slide 9: MTN
« 863 47% < 900 23 800 130 « 700 82 < MTN 600 458 < 500 58 400 137 300 628 200 271 100 0 -8 FY01.3 (1/4) FY02.3 1Q -100 9 9
Slide 10: IT 1Q
« < 1400 1,281 7% < 2002.3 1Q 626 7% 70 1,187 41 1200 21 18 89 96 « IT 1000 159 160 62 < 2001.3 492 800 208 70 < 2002.3 1Q 134 9% 176 600 « 400 671 626 < 2001.3 179 200 < 2002.3 1Q 31 31% 0 FY01.3 (1/4) FY02.3 1Q 10 10
Slide 11: 1Q FY00.3 (1/4) FY01.3 (1/4)
« « < 2002.3 1Q Ø 48% 400 Ø 389 304 19% Ø 361 347 633 4% 323 < 2001.3 1/4 300 Ø 62% 265 Ø 373 232 Ø 606 200 FY00.3 (1/4) FY01.3 (1/4) FY02.3 1Q 11 11
Slide 12: NOMURA
NOMURA 12 12
Slide 13: Mar. 99 Mar. 00 Sep. 00 Dec. 00 Mar. 01 Jun. 01
(1) 27.8 30 26.9 8,000 26.5 26.6 26.5 7,271 6,842 25 5.1 4.8 4.7 4.8 4.9 6,000 19.7 20 4.8 9.6 10.4 10.3 9.4 3,887 11.9 15 4,000 7.1 10 2,388 2,317 1,920 2,000 11.5 12.2 12.4 12.3 5 9.8 7.7 0 0 Mar. 99 Mar. 00 Sep. 00 Dec. 00 Mar. 01 Jun. 01 FY99.3 FY00.3 FY01.3 FY02.3 1H 3Q 4Q 1Q * 13 ** 13
Slide 14: MMF MRF FFF
(2) « < 4,883 30,000 < MMF 1 3,003 25,000 < MRF 1 7,131 < FFF 1 8,679 20,000 15,000 < 481 < 257 10,000 5,000 < 409 < 292 0 FY01.3 1Q 2Q 3Q 4Q FY02.3 1Q « < NAM 01.6 7,379 14 14
Slide 15: FY01.3 1Q 2Q 3Q
(3) 6 300 4.9 253.9 5 239.5 250 4.3 216.9 4 190.3 200 166.5 3.7 3 150 2.3 2.1 2 100 1 50 0 0 FY01.3 1Q 2Q 3Q 4Q FY01.3 1Q 15 15
Slide 16: FY01.3 1Q IT 2Q
(4) 2001 6 30.5%* 70 68.6 60% 58.4 60 50% 50 46.1 38% 40% 34% 32% 40 34.9 30% 28.3 30 18% 26% 25% 15% 20% 14% 20 8% 10% 10% 10 0 0% FY01.3 1Q 2Q 3Q 4Q FY02.3 1Q 16 IT FY01.3 3Q 16
Slide 17: FY00.3 FY01.3 1Q 2Q
(1) 30 16% 400 16% 15% 16% 14% 14% 14% 14% 14% 12% 350 15% 15% 14% 25 12% 12% 12% 13% 12% 300 271 10% 10% 20 248 8% 250 226 8% 217 14 195 15 14 6% 200 181 6% 13 12 4% 4% 150 10 8 8 2% 2% 100 0% 0% 5 50 -2% -2% 0 -4% 0 -4% FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 (1/4) 1Q 2Q 3Q 4Q 1Q (1/4) 1Q 2Q 3Q
Slide 18: FY02.3 1Q FY01.3 1Q FY00.3 1Q
(2) * 30 30% 700 655 25% 25 24% 25% 600 22% 517 19% 19% 19 18% 500 20 18 18 20% 16 385 400 15 14 15% 11 300 272 10 10% 216 200 158 5 5% 133 107 101 100 0 0% FY00.3 FY01.3 FY02.3 0 2Q 3Q 4Q 2Q 3Q 4Q FY00.3 1Q FY01.3 1Q FY02.3 1Q (1/4) 1Q 2Q 3Q 4Q 1Q FY00.3 1/4 18 18
Slide 19: FY00.3 (1/4) FY01.3 (1/4) FY02.3 1Q
(3) 20,000 48% 60% 6,000 60% 42% 43% 36% 40% 40% 15,000 16% 20% 4,000 20% 11,168 3,396 4% 10,000 9,087 0% 0% -20% 2,000 1,693 -20% 1,476 5,000 3,967 1,119 -40% 719 -40% 1,436 776 374 40 0 -60% 0 -60% FY00.3 (1/4) FY01.3 (1/4) FY02.3 1Q FY00.3 (1/4) FY01.3 (1/4) FY02.3 1Q 19 19
Slide 20: FY00.3 FY01.3 FY02.3
(4) 54% 52% 44% 35% 30% 27% 24% 22% 19% 19% 18% 18% FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 FY00.3 FY01.3 FY02.3 1Q 1Q 1Q 1Q 20 20
Slide 21: M&A
(5) « M&A M&A < M&A 01/1-6 2 * < Ø 43 Ø 40 37 « 31 < J-REIT 30 « 20 < < 10 « < MBO 0 FY00.3 (1/4) FY01.3 (1/4) FY01.3 1Q 21 21
Slide 22: NAM
(1) NAM * 40% 25 21.9 35% 33% 21 32% 19.9 20 0.2 0.2 30% 20 0.1 0.2 4.5 28% 29% 30% 4.9 25% 14.7 5.6 4.9 28% 15 0.0 26% 4.8 23% 21% 20% 20% 18% 18% 10 14.5 10.7 11.7 13.3 17% 7.8 5 10% 2.1 3.5 3.2 2.6 2.7 0 Mar.99 Mar.00 Sep.00 Mar.01 Jun. 01 0% Mar.99 Mar.00 Sep.00 Mar.01 Jun.01 * 22 22
Slide 23: DC
(2) DC 23 23
Slide 24: NOMURA
NOMURA 24 24
Slide 25: NOMURA
NOMURA « « « 25 25
Slide 26: < < < < < < < < Ø Ø
< < < < < < < < Ø Ø 26 26
Slide 27: FY01.3 1Q 2Q 3Q
2,500 2,000 1,500 1,000 500 0 FY01.3 1Q 2Q 3Q 4Q FY02.3 1Q 1,061 873 377 1,141 458 38 43 47 62 46 163 256 200 97 95 139 125 50 63 78 341 354 364 389 296 459 351 257 269 294 308 221 163 162 200 128 107 88 92 86 22 23 6 15 9 27 27
Slide 28: Mar. Jun. Sep.
70 60 50 40 30 20 10 0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. 98 98 98 98 99 99 99 99 00 00 00 00 01 01 47.4 46.6 43.4 43.7 49.5 54.8 57.6 60.6 62.4 61.8 58.3 54.4 56.8 57.5 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.7 0.8
Slide 29: Mar. Jun. Sep.
30 25 20 15 10 5 0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. 98 98 98 98 99 99 99 99 00 00 00 00 01 01 18.2 18.7 18.1 18.4 19.7 21.5 22.9 26.2 26.5 27.0 26.6 26.5 26.9 27.8 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.7
Slide 30: Mar.98 Jun.98 Sep.98 Dec.98
68.6 70 58.4 60 46.1 50 34.9 40 28.3 30 18.8 10.9 20 6.1 10 0.4 0.6 0.7 0.8 0.9 1.7 0 Mar.98 Jun.98 Sep.98 Dec.98 Mar.99 Jun.99 Sep.99 Dec.99 Mar.00 Jun.00 Sep.00 Dec.00 Mar.01 Jun.01 300 253.9 239.5 216.9 250 190.3 166.5 200 139.7 111 150 81.2 100 44.1 52.5 32.3 38 21.5 50 5.6 0 Mar.98 Jun.98 Sep.9
Slide 31: FY00.3 1Q 2Q
15 30% 25% 10 20% 15% 5 10% 5% 0 0% FY00.3 FY01.3 FY02.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 5.6 7.2 9.7 10.4 6.3 5.1 3.7 3.7 4.9 16% 17% 21% 20% 25% 21% 19% 16% 17% 31 31
Slide 32: Mar. Jun. Sep.
25 20 15 10 5 0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. 98 98 98 98 99 99 99 99 00 00 00 00 01 01 14.1 15.1 14.1 14.1 14.7 17.7 17.6 17.9 19.9 21.7 20.0 20.3 21.0 21.9 1.2 1.1 1.0 1.0 1.0 1.0 1.0 1.1 1.0 1.1 1.0 1.0 1.0 1.0 3.2 3.5 3.6 3.8 3.8 4.1 4.5 4.6 4.6 3.9 3.9 4.
Slide 33: VaR
« VaR « VaR < 2.33 99% 01.4.1 01.6.30 < 1 < 39 < < 29 < 33 00.3 00.6 00.9 00.12 01.3 01.6 17 28 26 23 30 25 15 21 18 19 27 22 1 3 1 2 3 2 33 53 45 44 60 49 (10) (16) (14) (13) (20) (17) VaR 23 37 31 31 40 32 33 33
Slide 34: FA Mar. 98 Mar. 99
20,000 15,000 10,000 5,000 0 Mar. 98 Mar. 99 Mar. 00 Mar. 01 Jun. 01 16,611 15,803 14,823 14,393 14,998 557 517 488 486 473 1,258 1,145 983 835 874 2,290 1,769 1,319 1,370 1,380 2,242 2,207 2,173 2,195 2,260 FA 10,264 10,165 9,860 9,507 10,011 34 34