Form 6-K
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 March 2008.
NOMURA HOLDINGS, INC.
(Translation of registrants name into English)
9-1, Nihonbashi 1-chome
Chuo-ku, Tokyo 103-8645
Japan
(Address of principal
executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form
40-F
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the
information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-.
Information furnished on this form:
EXHIBIT
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: March 3, 2008
By:
/s/ Toshio Hirota
Toshio Hirota
Executive Managing Director
Nomura Announces New Management Lineup
Tokyo, March 3, 2008Nomura Holdings, Inc. today announced a new
lineup of executive officers as well as key management changes at its subsidiaries. All appointments are effective as of April 1, 2008.
Nomura
Holdings and Nomura Securities Top Management
Nomura Holdings President & CEO/
Kenichi Watanabe
Nomura Securities President & CEO
Nomura Holdings Deputy President & COO/
Takumi Shibata
Nomura Securities Deputy President
Nomura Securities Chairman and Vice Chairmen
Chairman
Nobuyuki Koga
Vice Chairmen
Hiroshi Toda
Kazutoshi Inano
Takashi Yanagiya
Isao Shirai
Business Division CEOs
Domestic Retail CEO
Hitoshi Tada
Global Markets CEO
Akira Maruyama
Global Investment Banking CEO
Hiromi Yamaji
Global Merchant Banking CEO
Shoichi Nagamatsu
Asset Management CEO
Atsushi Yoshikawa
Group Compliance Head
Group Compliance Head
Hiroshi Tanaka
Nomura Holdings Board of Executive Officers
Nobuyuki Koga
President & CEO
Kenichi Watanabe
Deputy President & COO
Takumi Shibata
Chief Information Officer
Akihiko Nakamura
Head of Communications
Toshio Hirota
Head of Internal Audit
Hideyuki Takahashi
Head of Regional Management, Europe
Yugo Ishida
Head of Group Human Resources Development
Akihito Watanabe
Chief Financial Officer
Masafumi Nakada
Head of Corporate Office
Noriaki Nagai
Head of Regional Management, Americas
Shigesuke Kashiwagi
Head of Regional Management, Asia
Yoshinori Go
Global Markets (based in Europe)
Yuji Nakata
Head of Regional Management, Asia
Yoshihiro Fukuta
Changes to Key Positions at Other Group Companies
Nomura Asset Management Co., Ltd.
President
Atsushi Yoshikawa
The Nomura Trust & Banking Co., Ltd.
President
Toshihiro Iwasaki
Nomura Pension Support & Service Co., Ltd.
President
Etsuo Misonou
Nomura Babcock & Brown Co., Ltd.
President
Shogo Sakaguchi
Nomura Business Services Co., Ltd.
President
Yuki Takahashi
Key Appointments in International Operations
Nomura Securities International, Inc.
Chairman
Shigesuke Kashiwagi
President and CEO
Naoki Matsuba
Regional Line Head US Equity
Koji Wada
Regional Line Head US Equity
Craig Phares
Nomura Italia SIM p.A.
President
Kazuhisa Kishimoto
Nomura Asia Holding N.V.
President and CEO
Yoshinori Go
COO
Yoshihiro Fukuta
Nomura International (Hong Kong) Limited
President and CEO
Yoshihiro Fukuta
Regional Line Head Asia Investment Banking
Toshiyasu Iiyama
Nomura Singapore Ltd.
President
Seiichiro Miyaoka
(Concurrently Regional Line Head Asia Asset Finance)
Ends
For further information please contact:
Name
Company
Telephone
Kimiharu Suzuki
Nomura Holdings, Inc.
81-3-3278-0591
Michiyori Fujiwara
Group Corporate Communications Dept.
Notes to editors:
Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a
broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong,
London, and New York, Nomura employs about 18,000 staff worldwide. Nomuras unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment
banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
[English Translation]
NOMURA
Nomura Holdings, Inc.
104th Fiscal Year Third Quarterly Report
To our Shareholders
I am pleased to present you with
our business report for the third quarter (October 1, 2007 December 31, 2007) of the fiscal year ending March 31, 2008.
First, I would like to announce that the dividend for the third quarter will be 8.5 yen per share in accordance with our previously announced dividend policy. This is the same amount as the dividend for the second quarter.
Although there was a drop-off in housing investment, the Japanese economy continued to grow modestly during the third quarter, supported by firm capital
investment activity as well as exports. On the other hand, the stock market performed poorly during the quarter, as earnings announcements from financial institutions across the globe have again revealed the severity of the subprime-related
problems.
This global financial market turmoil presented us with a difficult business environment during the third quarter. Under
accounting principles generally accepted in the United States (U.S. GAAP), we reported consolidated net revenue of 276.1 billion yen, while income before income taxes was 46.1 billion yen and net income was 22.6 billion yen for the quarter. As a
result, consolidated return on equity (ROE) was 4.1%.
Stock markets around the world have seen significant declines since the start of
2008, due to heightened concerns about a U.S. economic recession as well as fears that losses related to securitized products may expand. Although financial markets remain unsettled, we expect that recently announced fiscal stimulus measures as well
as monetary easing in the U.S. will allow the U.S. and Japanese economies, as well as the rest of the global economy, to resume growth in the second half of the year, and that the Asian economy will also maintain its firmness and continue to expand.
We view the current market environment as an opportunity for change, and believe that by listening closely to our clients and providing
services that meet their needs, we can continue to strengthen our domestic client base and expand our profitable business opportunities. At the same time, we will position Asia as one of our main pillars of growth as we make further reforms to our
business overseas.
We look forward to your continued support.
February 2008
Nobuyuki Koga
President and Chief Executive Officer
Nomura Holdings, Inc.
1
Third Quarter Financial Highlights
Net revenue for the third quarter was 276.1 billion yen. Income before income taxes was 46.1 billion yen. Net income was 22.6 billion yen. ROE* for the third quarter was 4.1 %.
*
Annualized
Number One Ranking in League Tables (Calendar Year 2007)
Nomura Group was ranked number one in the 2007 (calendar year) league tables for global equity and equity-related (Japan) and for any Japanese involvement financial
advisors.
5thconsecutive year ranked number one in equity and equity-related league table
Global Equity &
Equity-related (Japan)
Rank
Bookrunner
Jan. 1, 2007 - Dec. 31, 2007
Proceeds (USD mil)
Mkt. Share
No. of Deals
1
Nomura
10,379
40.9
%
75
2
Daiwa Securities SMBC
2,585
10.2
%
60
3
Nikko Citi
2,516
9.9
%
29
4
Mitsubishi UFJ Financial Group
2,494
9.8
%
22
5
JP Morgan
2,301
9.1
%
3
6
Mizuho Financial Group
1,529
6.0
%
33
7
Morgan Stanley
1,244
4.9
%
6
8
Merrill Lynch
612
2.4
%
3
9
Shinko Securities
457
1.8
%
24
10
UBS
437
1.7
%
4
Number one ranking in M&A league table
Any Japanese Involvement Financial Advisors
Announced deals, value base
Rank
Advisor
Jan. 1, 2007 - Dec. 31, 2007
Rank Value (USD mil)
Mkt. Share
No. of Deals
1
Nomura
34,495
22.4
%
155
2
Citi
23,033
15.0
%
96
3
GCA
21,967
14.3
%
25
4
Merrill Lynch
21,134
13.7
%
20
5
Goldman Sachs
18,965
12.3
%
31
6
Mitsubishi UFJ Financial Group
18,386
11.9
%
113
7
Morgan Stanley
17,503
11.4
%
29
8
Mizuho Financial Group
16,021
10.4
%
101
9
Daiwa Securities SMBC
15,096
9.8
%
130
10
JP Morgan
14,032
9.1
%
23
Source: Thomson Financial
2
Domestic Retail
Net revenue was 98.4 billion yen (-4.7% QoQ). Income before income taxes was 28.5 billion yen (-11.5% QoQ).
Domestic Client Assets declined by 3 trillion yen from the end of September to 81.3 trillion yen due to a downturn in the stock market. However, net asset inflow
remained steady at 900 billion yen, while the number of accounts with balance increased to 4.12 million.
Although turmoil in the global financial markets caused commissions for distribution of investment trusts to decline, we saw strong demand for products that
accurately meet clients potential needs. Moreover, investment trust administration fees and other grew for the twelfth straight quarter. Sales credit increased, partly due to strong sales of Toyota Motor Credit Corporation bonds. Stock
brokerage commissions fell, mainly due to the stock market decline.
Global Markets
Net revenue was 103.2 billion yen (+515.8% QoQ). Income before income taxes was 24.4 billion yen.
In Fixed Income, interest rate and currencylinked derivative trading in Japan and Europe was solid.
In Equity, stock trading was strong, equity derivative trading in Europe was solid, and revenue from Instinet was firm.
Investment Banking
Net revenue was 20.8 billion yen (+92.0%
QoQ). Income before income taxes was 5.7 billion yen.
During the period, overall domestic equity finance volume declined. However, we acted as lead manager in the large IPO by Sony Financial Holdings and several other
deals and retained our high market share. As a result, we ranked number one in the Global Equity and Equity-related (Japan) league table for calendar year 2007, the fifth consecutive year we achieved the number one ranking.
In M&A, we were financial advisor on the tender offer by Japan Tobacco for Katokichi, and acted as financial advisor in the management integration of TIS and
INTEC Holdings. We ranked number one in the M&A league table* for calendar year 2007.
*
Source: Thomson Financial
Global Merchant Banking
Net revenue was minus 10.2 billion yen. Loss before income taxes was 12.3 billion yen.
Unrealized losses and gains booked due to valuation at fair value of certain investee companies in Europe.
Asset Management
Net revenue was 23.2 billion yen (-2.0% QoQ).
Income before income taxes was 8.6 billion yen (+12.3% QoQ).
Although the pace of sales of existing investment trusts slackened, partly due to the global turmoil in financial markets as well as the implementation of the
Financial Instruments and Exchange Law, sales of newly-launched funds were generally robust, highlighted by the Nomura New Global High Interest Rate Currencies Fund which saw over 200 billion yen in sales during the quarter. As a result, total
assets under management in Asset Management remained virtually unchanged from the end of the second quarter at 29.7 trillion yen.
Other Operating Results
Net revenue was 15.9 billion yen (-56.9%QoQ). Loss before income taxes was 3.4 billion yen.
3
Nomura Helps Clients Enjoy Retirement Years
At Nomura, we strive to help our clients enjoy fulfilling lives after retirement by providing asset management-related information and advice.
Retirement is a major event in a persons life, and requires careful thought with respect to a number of issues, including household budgeting,
medical and nursing care, and inheritance planning.
At Nomura, our asset management philosophy involves allocating money into three
categories: money to enjoy, money to grow, and money to protect. We provide our clients with basic knowledge about life planning as well as individualized advice to meet their specific needs.
Nomura Securities Financial & Economic Research Center Celebrates 10 Year Anniversary
Last year, the Nomura Securities Financial & Economic Research Center happily celebrated
its 10thanniversary. To celebrate this milestone, the Center has published 3 books (all in Japanese only): Requisites for Continued Japanese
Economic Strength, The Era of Chinese Money, and Asset Management Strategies Learned from the Latest in Financial Engineering. Going forward, the Nomura Securities Financial & Economic Research Center will
continue to serve as a bridge between the capital markets and investors, and keep its eyes on the future of finance.
Shareholder Notes
Fiscal Year
April 1 to March 31
Number of Shares Constituting One
Trading Unit
One Hundred (100)
1st Quarter
2nd Quarter
3rd Quarter
Year-end
Record Date for Dividend Payments
June 30
September 30
December 31
March 31
Dividend Payment Date*
September 1
December 1
March 1
June 1
*
If the payment date falls on a Saturday or Sunday, the dividend will be paid on the next business day.
General Meeting of the Shareholders Held in June
Special Note Regarding Forward-Looking Statements
This document
contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about our business, our industry and capital markets around the world. These forward-looking statements are subject to various
risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as may, will, expect, anticipate, estimate,
plan or similar words. These statements discuss future expectations, identify strategies, contain projections of our results of operations or financial condition, or state other forward-looking information. Known and unknown risks,
uncertainties and other factors may cause our actual results, performance, achievements or financial position expressed or implied by any forward-looking statement in this document.
4
Nomura Announces Results of Share Buyback Program from Market
Tokyo, March 3, 2008Nomura Holdings, Inc.
today announced the results of an ongoing share buyback program from the market. The program, originally announced on January 31, 2008, has been authorized for the period between February 8 and March 14, 2008, and is in accordance
with Article 459-1 of the Companies Act of Japan.
Share buyback activity from February 8, 2008, to February 29, 2008:
1. Type of shares
NHI Common shares
2. Number of shares repurchased
362,600 shares
3. Aggregate purchase amount
JPY 543,226,600
4. Purchase period
February 8,2008 through February 29, 2008
5. Method of repurchased
Purchase via Tokyo Stock Exchange
Share buyback program resolution at Board of Directors meeting on January 31, 2008:
1. Type of shares
NHI Common stock
2. Total shares authorized for repurchase
Up to 25 million shares
3. Total value of shares authorized for repurchase
Up to 40 billion yen
4. Period
February 8,2008 to March 14, 2008
Ends
For further information please contact:
Name
Company
Telephone
Kimiharu Suzuki
Nomura Holdings, Inc.
81-3-3278-0591
Michiyori Fujiwara
Group Corporate Communications Dept.
Notes to editors:
Nomura Group
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura
provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in
Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomuras unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global
investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.