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DSEEY (Daiwa Securities Group) ROE % : 13.77% (As of Sep. 2024)


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What is Daiwa Securities Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Daiwa Securities Group's annualized net income for the quarter that ended in Sep. 2024 was $1,505 Mil. Daiwa Securities Group's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $10,932 Mil. Therefore, Daiwa Securities Group's annualized ROE % for the quarter that ended in Sep. 2024 was 13.77%.

The historical rank and industry rank for Daiwa Securities Group's ROE % or its related term are showing as below:

DSEEY' s ROE % Range Over the Past 10 Years
Min: 4.56   Med: 8.31   Max: 12.73
Current: 9.61

During the past 13 years, Daiwa Securities Group's highest ROE % was 12.73%. The lowest was 4.56%. And the median was 8.31%.

DSEEY's ROE % is ranked better than
62.58% of 767 companies
in the Capital Markets industry
Industry Median: 5.68 vs DSEEY: 9.61

Daiwa Securities Group ROE % Historical Data

The historical data trend for Daiwa Securities Group's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Daiwa Securities Group ROE % Chart

Daiwa Securities Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.96 8.42 6.67 4.29 7.80

Daiwa Securities Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.80 7.74 10.37 5.96 13.77

Competitive Comparison of Daiwa Securities Group's ROE %

For the Capital Markets subindustry, Daiwa Securities Group's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Daiwa Securities Group's ROE % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's ROE % distribution charts can be found below:

* The bar in red indicates where Daiwa Securities Group's ROE % falls into.



Daiwa Securities Group ROE % Calculation

Daiwa Securities Group's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=811.361/( (10598.44+10206.617)/ 2 )
=811.361/10402.5285
=7.80 %

Daiwa Securities Group's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=1505.128/( (0+10931.824)/ 1 )
=1505.128/10931.824
=13.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Daiwa Securities Group  (OTCPK:DSEEY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1505.128/10931.824
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1505.128 / 6652.292)*(6652.292 / 235704.317)*(235704.317 / 10931.824)
=Net Margin %*Asset Turnover*Equity Multiplier
=22.63 %*0.0282*21.5613
=ROA %*Equity Multiplier
=0.64 %*21.5613
=13.77 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1505.128/10931.824
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1505.128 / 1933.264) * (1933.264 / 6652.292) * (6652.292 / 235704.317) * (235704.317 / 10931.824)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7785 * 29.06 % * 0.0282 * 21.5613
=13.77 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Daiwa Securities Group ROE % Related Terms

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Daiwa Securities Group Business Description

Address
GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751
Daiwa Securities Group Inc is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its world-wide wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.