Daiwa Securities Group announces record interim dividend, strong first-half performance

Daiwa Securities Group Inc. announced an interim dividend of JPY29.00 per share for FY2025, a JPY1.00 increase from FY2024, reflecting a 51.4% payout ratio. Profit attributable to owners of parent reached JPY78.9 bn, a 1.5% increase year-over-year, marking a 12-year high. Consolidated net operating revenues for the first half of FY2025 reached JPY327.8 bn, a 5.7% increase, while ordinary income declined 11.5% to JPY97.9 bn due to the absence of a negative goodwill gain from the previous fiscal year.

The company's assets under custody surpassed JPY100 trillion, a record high. The Wealth Management Division's asset-based revenues reached a record JPY57.4 bn, with total AUM across Securities and Real Estate Asset Management steadily expanding to JPY33.5 trillion and JPY1.7 trillion, respectively. Global Investment Banking also demonstrated strong performance, with M&A-related revenue achieving a record high. The annualized ROE for the first half of FY2025 was 9.5%.

Total assets for the period ended September 30, 2025, increased to JPY36,915,300m, up from JPY36,024,346m as of March 31, 2025, driven by high-liquidity assets constituting 83.4% of the total. Shareholders' equity also grew by JPY28.2 bn since March 31, 2025, to JPY1,667,999m. The company's capital adequacy ratios remain strong with a consolidated total capital ratio of 21.83% and a liquidity coverage ratio of 142.1% as of June 30, 2025.