Daiwa Securities profit jumps 30% despite revenue decline

Daiwa Securities Group reported profit attributable to owners jumped 30.2% year-on-year to 31.2 billion yen in the first quarter, despite operating revenue falling 2.7% to 326.4 billion yen.

Net operating revenue grew 4.1% to 155.3 billion yen, while ordinary income rose 15.8% to 43.7 billion yen.

The company maintained its dividend policy targeting a payout ratio of 50% or more, with a minimum full-year dividend of 44 yen through fiscal 2027.