Q2 2026 Daiwa Securities Group Inc Earnings Call Transcript
Hello, everyone. I am Yoshida of Daiwa Securities Group Inc. Thank you very much for taking the time out of your busy schedules to join our conference call today. I'd like to explain the financial result for the Q2 of fiscal '25, following the presentation materials posted on our corporate website.
Let me start from page 4. A summary of our consolidated financial results. Our percentage changes referred to comparisons with the Q1 results.
For the Q2, net operating revenues were JPY172.6 billion, an increase of 11.2%, and ordinary income was JPY54.1 billion up 24%. In addition to an increase in revenues from stock-related assets, growth in flow revenues led to higher overall revenues and income. This income also expanded significantly.
In the wealth management division, enhanced comprehensive asset consulting contributed to stronger sales across a wider range of products. As a result, ordinary income in the wealth management reached its highest level since the third quarter of
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