Daiwa Inc ( (DSECF) ) has released its Q3 earnings. Here is a breakdown of the information Daiwa Inc presented to its investors.
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Daiwa Securities Group Inc. is a prominent company in the financial services sector, primarily focusing on securities-related business. The company is listed on the Tokyo and Nagoya stock exchanges and is known for its comprehensive financial services, including wealth management and investment banking.
In its latest earnings report for the nine months ending December 31, 2024, Daiwa Securities Group showcased a robust financial performance. The company reported a significant increase in operating revenue, reaching 1.026 trillion yen, a 13.4% rise from the previous year. This growth was accompanied by a notable increase in profit attributable to the owners of the parent company, which surged by 51.8% to 124.4 billion yen.
Key highlights from the report include a 47.4% increase in ordinary income, reaching 173.7 billion yen. The Wealth Management Division saw a 15.5% rise in net operating revenue, while the Asset Management Division recorded a 42.5% increase in ordinary income. Meanwhile, the Global Markets & Investment Banking Division experienced an 8.8% increase in net operating revenue, although ordinary income decreased by 4.0%.
Daiwa’s financial position remains strong, with total assets as of December 31, 2024, increasing by 14.6% to 36.7 trillion yen. The company continues to maintain a positive outlook, aiming to enhance its wealth management services and expand its asset management operations. Despite challenges in the global markets, Daiwa is positioned to leverage its diversified financial services to capitalize on emerging opportunities.
Looking ahead, Daiwa Securities Group’s management remains committed to strengthening its market position, with a focus on sustainable growth and maximizing shareholder value. While the company acknowledges the uncertainties in the economic environment, it aims to adapt and stay resilient through strategic investments and innovation.
