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Daiwa Securities Group (8601) investor relations material
Daiwa Securities Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net operating revenues for Q3 FY2025 reached JPY 194.6 billion, up 12.8% sequentially, marking a record high for the third quarter.
Net income for 3Q FY2025 reached its highest level in 12 years, with profit attributable to owners of parent up 0.8% year-over-year to JPY 125.4 billion.
Ordinary income rose 28.4% quarter-on-quarter to JPY 69.5 billion, driven by a recovery in Global Markets and record M&A revenues.
Annualized ROE stood at 11%, reflecting balanced growth in both stable and flow revenues.
Comprehensive income grew 31.8% year-over-year to JPY 199.2 billion.
Financial highlights
Net operating revenues for 1Q-3Q FY2025 were JPY 522.5 billion, up 10.8% year-over-year; ordinary income was JPY 167.4 billion, down 3.6% year-over-year.
Commission received totaled JPY 347.2 billion, up 15.1% year-over-year, driven by a 17.7% rise in brokerage commissions.
Selling, general, and administrative expenses were JPY 374.7 billion, up 4.7% year-over-year.
EPS for 3Q FY2025 was JPY 33.66; diluted net income per share at JPY 88.80.
Shareholders' equity increased by JPY 66.9 billion from March 2025, reaching JPY 1.70 trillion.
Outlook and guidance
Strong Q3 momentum in Wealth Management is continuing into Q4, with cumulative base income on track to exceed the medium-term management plan's final-year target of JPY 150.0 billion.
No earnings forecast disclosed for the fiscal year ending March 31, 2026, due to market uncertainty.
Dividend payout ratio remains at 50%, with JPY 44 as the minimum dividend level through FY2027.
Share buybacks will be considered based on full-year performance and capital needs.
- TimeTickerHeadlineOpen
- SLAB
Shareholders will vote on a proposed acquisition by Texas Instruments, with closing expected in 2027. - SLAB
Acquisition by Texas Instruments announced, pending shareholder and regulatory approval. - TTMI
Q4 and FY 2025 saw 19% revenue growth, record EPS, and strong AI-driven demand. - ATEN
Record 2025 results and 10–12% growth outlook, led by security and AI demand. - WOLF
Q4 revenue was $201M, with strong EV growth and Mohawk Valley Fab ramping up. - WOLF
Q1 revenue flat, deep losses, major restructuring, and $2.5B in new funding secured. - RAL
Q4 revenue rose 1% to $555M, with strong cash flow and a $1.4B goodwill impairment. - FMC
Revenue and profit fell sharply in 2025, with further declines expected in 2026. - LTRX
Q2 revenue $29.8M, non-GAAP EPS $0.04, drone revenue guidance raised, cash at $23M. - AFL
Net earnings dropped, but adjusted EPS and U.S. sales grew; $800M in share repurchases.
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