Source disclosure: February 02, 2026
Daiwa Securities Group Inc. [8601.T]
TOKYO — Daiwa Securities Group Inc., one of Japan's leading securities firms, presented its earnings report on Monday, February 2, 2026, covering performance through the third quarter of fiscal year 2025. The presentation detailed robust growth in operating revenue and stable profit indicators, despite a slight decline in current profits due to the unwinding effects from negative goodwill recognized in the previous year.
According to the report, Daiwa Securities recorded consolidated net sales of ¥5,225 billion for the first nine months of fiscal 2025, marking an increase of 10.8 percent compared to the same period last year when revenues stood at ¥4,717 billion. Operating income fell by 3.6 percent to ¥1,674 billion from ¥1,736 billion in the corresponding period of 2024. However, the company reported a modest rise in net income attributable to shareholders of the parent company, reaching ¥1,254 billion, up 0.8 percent from ¥1,244 billion in the prior-year period.
The report highlighted that Daiwa’s core profitability metric, known as "base earnings," surged by 28.2 percent to ¥1,283 billion. This significant improvement was driven primarily by the Wealth Management (WM) division, which achieved record-high operating income of ¥643 billion, the highest level since 2013. Domestic WM operations saw their most substantial balance-based revenue ever, amounting to ¥898 billion, reflecting strong client asset management services and high demand for wrap account services and equity mutual funds. Additionally, Daiwa Next Bank witnessed steady deposit growth, contributing to a record-breaking operating income of ¥148 billion.
Furthermore, Asset Management within the securities sector and real estate asset management also performed exceptionally well, achieving all-time highs in both managed assets and operating income. Global Investment Banking benefited from a thriving M&A market, resulting in a notable boost in operating income to a new peak of ¥124 billion. These achievements underscore Daiwa Securities' strategic focus on diversified revenue streams and resilient business segments across various markets.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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