Full Year 2026 Daiwa Securities Group Inc Earnings Call Transcript
Key Points
- Daiwa Securities Group Inc (DSEEY) reported a 1.7% increase in net operating revenues, reaching JPY197.8 billion in Q4 FY 2025.
- Profit attributable to owners of the parent increased by 7.3%, amounting to JPY49.8 billion.
- The wealth management division achieved record highs in Wrap account services and net asset inflows.
- Annualized ROE reached 11.5%, and the annual dividend hit a record high of JPY64 per share.
- Base profit for FY 2025 grew by 32.9% year-on-year, significantly exceeding the medium-term management plan target.
- Ordinary income decreased by 3.6% to JPY67 billion.
- Total ordinary income from overseas operations fell by 17.6% quarter-on-quarter.
- The Americas region experienced a decline in profit due to reduced M&A revenues.
- Real estate asset management saw a decline in net operating revenues and ordinary income due to the absence of property sales gains.
- Alternative Asset Management reported negative net operating revenues and ordinary income due to provisions and impairments in renewable energy investments.
So, this is Kotaro Yoshida from Daiwa Securities Group, Inc. Thank you very much for taking the time to participate in our conference call today. I will now explain the financial results for the fourth quarter of FY 2025 announced today, following the presentation materials available on our website.
First, please turn to page 4. I will begin with a summary of our consolidated financial results. Percentage changes are in comparison to the third quarter of FY 2025.
In Q4 FY 2025, despite the continued highly volatile market environment, our profit base, primarily driven by asset-based revenues, functioned steadily, allowing us to maintain a high level of consolidated profit. Net operating revenues were JPY197.8 billion, up 1.7%.
Ordinary income was JPY67 billion, down 3.6%, and profit attributable to owners of parent was JPY49.8 billion, up 7.3%.
Looking at the results by division in the wealth management division, as a result of our focus on total asset consulting, both the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
