Cash flow Daiwa Securities Group Inc.

Equities

8601

JP3502200003

Investment Banking & Brokerage Services

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-12-12 am EST			5-day change	1st Jan Change
1,384.00 ^JPY	+2.10%		+3.13%	+32.06%

Dec. 03	Daiwa Securities Group Inc - Notice on investment in Ambit Wealth Private Limited	RE
Dec. 03	Daiwa Securities Buys 5 Billion Yen Ambit Wealth Stake	MT

4efe87e4353.Ssit5_M2cTwQF6TNZcivlsg0HgymSjrY_vjg4yfZytI.Hvnysr5FIQl5bvShKomfwq9HJ2PwGXmwupqpq3GTnZ86m-ySxVwra3FF7Q

Published financial data: DAIWA SECURITIES GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	93.19B	75.98B	333B	608B	682B
Net Interest Income	93.19B	75.98B	333B	608B	682B
Brokerage Commission	249B	275B	252B	320B	369B
Trading and Principal Transactions	119B	102B	70.25B	98.16B	107B
Underwriting & Investment Banking Fee	38.1B	39.21B	28.16B	38.49B	47.93B
Gain (Loss) on Sale of Investments, Total (Rev)	4.81B	6.05B	3.69B	14.38B	12.36B
Other Revenues, Total	72.44B	122B	180B	199B	154B
Revenues Before Provison For Loan Losses	576B	619B	866B	1,277B	1,372B
Provision For Loan Losses	281M	32M	49M	15M	-
Total Revenues	576B	619B	866B	1,277B	1,372B
Salaries And Other Employee Benefits	193B	199B	200B	223B	245B
Cost of Services Provided, Total	135B	142B	153B	167B	186B
Depreciation & Amortization - (IS) - (Collected)	33.92B	34.81B	34.5B	35.14B	34.31B
Other Operating Expenses	11.49B	10.68B	10.19B	12.88B	14.26B
Total Operating Expenses	374B	387B	398B	437B	479B
Operating Income	202B	233B	468B	840B	893B
Income (Loss) on Equity Invest.	12.37B	8.1B	8.95B	4.83B	47.28B
Other Non Operating Income (Expenses)	-99.57B	-105B	-390B	-671B	-715B
EBT, Excl. Unusual Items	115B	136B	86.93B	175B	225B
Gain (Loss) on Sale of Investments	51.19B	6.78B	5.28B	6.24B	3.87B
Gain (Loss) on Sale of Assets	57M	45M	12.24B	11.03B	-
Other Unusual Items	-21.86B	-985M	-7.68B	-11.87B	-9.56B
EBT, Incl. Unusual Items	145B	142B	96.76B	180B	219B
Income Tax Expense	34.92B	37.52B	23.08B	49.56B	53.93B
Earnings From Continuing Operations	110B	104B	73.68B	130B	165B
Net Income to Company	110B	104B	73.68B	130B	165B
Minority Interest	-1.26B	-9.25B	-9.81B	-8.88B	-10.72B
Net Income - (IS)	108B	94.89B	63.88B	122B	154B
Net Income to Common Incl Extra Items	108B	94.89B	63.88B	122B	154B
Net Income to Common Excl. Extra Items	108B	94.89B	63.88B	122B	154B
Per Share Items
Net EPS - Basic	71.2	63.06	43.53	84.94	109.53
Basic EPS - Continuing Operations	71.2	63.06	43.53	84.94	109.53
Basic Weighted Average Shares Outstanding	1.52B	1.5B	1.47B	1.43B	1.41B
Net EPS - Diluted	70.9	62.72	43.31	83.86	107.64
Diluted EPS - Continuing Operations	70.9	62.72	43.31	83.86	107.64
Diluted Weighted Average Shares Outstanding	1.53B	1.51B	1.47B	1.45B	1.43B
Normalized Basic EPS	46.46	50.27	30.34	70.05	92.05
Normalized Diluted EPS	46.26	49.99	30.19	69.15	90.46
Dividend Per Share	36	33	23	44	56
Payout Ratio	28.07	67.22	62.47	36.81	48.27
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	24.15	26.49	23.85	27.53	24.62
Normalized Net Income	70.73B	75.64B	44.52B	100B	130B
Non-Cash Pension Expense	0	0	0	0	0

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4,763B	4,592B	3,867B	4,399B	3,757B
Cash & Securities Segregated	486B	560B	542B	545B	575B
Securities Borrowed	5,064B	5,291B	6,851B	9,138B	11,473B
Accounts Receivable, Total	148B	163B	145B	140B	696B
Other Receivables	4,427B	5,085B	3,577B	6,052B	6,804B
Net Property Plant And Equipment	880B	914B	917B	921B	942B
Goodwill	21.23B	19.66B	18.53B	17.14B	15.62B
Other Intangibles, Total	108B	102B	107B	110B	122B
Investment In Debt and Equity Securities	1,502B	1,752B	1,727B	2,059B	2,331B
Trading Asset Securities, Total	7,834B	8,005B	7,626B	7,535B	8,328B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	831B	1,013B	1,007B	1,082B	950B
Deferred Tax Assets Long-Term (Collected)	11.4B	11.99B	7.84B	6.82B	7.89B
Other Long-Term Assets, Total	24B	23.2B	22.29B	23.12B	23.45B
Total Assets	26,099B	27,531B	26,413B	32,027B	36,024B
Liabilities
Accounts Payable, Total	4.14B	5.33B	3.82B	4.77B	2.47B
Accrued Expenses, Total	1,357B	586B	1,189B	1,500B	48.64B
Short-Term Borrowings	10,053B	12,182B	9,969B	13,572B	17,583B
Long-Term Debt	3,144B	2,801B	3,012B	3,297B	3,255B
Current Income Taxes Payable	17.96B	8.65B	10.68B	42.92B	28.72B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	9,787B	10,163B	10,409B	11,678B	13,033B
Pension & Other Post Retirement Benefits	44.77B	44.24B	44.31B	43.72B	43.14B
Deferred Tax Liability Non-Current	43.18B	42.24B	42.28B	45.62B	45.4B
Other Non Current Liabilities	55.94B	58.77B	58.37B	54.64B	62B
Total Liabilities	24,507B	25,891B	24,738B	30,239B	34,101B
Common Stock, Total	247B	247B	247B	247B	247B
Additional Paid In Capital	231B	230B	230B	232B	266B
Retained Earnings	912B	943B	886B	961B	1,041B
Treasury Stock	-108B	-134B	-71.52B	-123B	-113B
Comprehensive Income and Other	60.55B	95.95B	124B	211B	204B
Total Common Equity	1,343B	1,382B	1,417B	1,529B	1,646B
Minority Interest	249B	257B	259B	260B	277B
Total Equity	1,592B	1,640B	1,675B	1,789B	1,923B
Total Liabilities And Equity	26,099B	27,531B	26,413B	32,027B	36,024B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.52B	1.48B	1.45B	1.4B	1.41B
ECS Total Common Shares Outstanding	1.52B	1.48B	1.45B	1.4B	1.41B
Book Value / Share	881.11	931.97	974.98	1.09K	1.16K
Tangible Book Value	1,214B	1,261B	1,291B	1,402B	1,509B
Tangible Book Value Per Share	796.6	850.07	888.56	998.74	1.07K
Total Debt	13,197B	14,983B	12,980B	16,869B	20,838B
Debt Equivalent of Unfunded Proj. Benefit Obligation	44.77B	44.24B	44.31B	43.72B	43.14B
Net Debt	-4,950B	-3,465B	-5,905B	-4,748B	-3,294B
Full Time Employees	15.1K	14.89K	14.73K	14.6K	14.78K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	145B	142B	96.77B	180B	219B
Depreciation, Depletion & Amortization	41.17B	44.61B	43.95B	45.27B	44.35B
Amortization of Goodwill and Intangible Assets - (CF)	1.17B	1.55B	1.82B	1.88B	1.47B
Total Depreciation, Depletion & Amortization	42.34B	46.16B	45.77B	47.15B	45.82B
(Gain) Loss On Sale of Asset - (CF)	10.72B	1.07B	-9.96B	-5.41B	4.36B
(Gain) Loss on Sale of Investments - (CF)	-2.27B	-3.12B	-2.92B	-5.97B	-1.81B
(Income) Loss On Equity Investments - (CF)	-12.37B	-8.1B	-8.95B	-4.83B	-47.28B
Change in Other Net Operating Assets (Collected)	222B	-491B	-283B	504B	-621B
Other Operating Activities	-13.68B	-40.13B	-21.42B	-10.24B	-53.56B
Cash from Operations	391B	-353B	-184B	705B	-454B
Capital Expenditure	-29.33B	-62.56B	-47.7B	-27.78B	-46.82B
Sale of Property, Plant, and Equipment	4.66B	11.06B	28.58B	19.06B	11.09B
Purchase / Sale of Intangible Assets	-29.27B	-23.02B	-33.55B	-36.71B	-38.47B
Investment in Marketable and Equity Securities, Total	-30.13B	-149B	51.84B	-161B	-312B
Other Investing Activities, Total	-7.58B	4.97B	8.29B	-17.58B	32.42B
Cash from Investing	-91.64B	-219B	7.46B	-224B	-353B
Short Term Debt Issued, Total	420B	265B	-	-	110B
Long-Term Debt Issued, Total	89.08B	226B	165B	504B	183B
Total Debt Issued	509B	491B	165B	504B	293B
Short Term Debt Repaid, Total	-	-	-428B	-32.23B	-
Long-Term Debt Repaid, Total	-43.66B	-14.93B	-232B	-366B	-65.68B
Total Debt Repaid	-43.66B	-14.93B	-660B	-398B	-65.68B
Issuance of Common Stock	1.09B	1.82B	803M	9.45B	9.95B
Repurchase of Common Stock	-9M	-29.3B	-19.73B	-60.01B	-10M
Common Dividends Paid	-30.43B	-63.79B	-39.9B	-44.75B	-74.52B
Common & Preferred Stock Dividends Paid	-30.43B	-63.79B	-39.9B	-44.75B	-74.52B
Other Financing Activities, Total	2.44B	-7.24B	-11.55B	-13.75B	36.66B
Cash from Financing	438B	377B	-566B	-2.85B	199B
Foreign Exchange Rate Adjustments	6.8B	25.76B	23.35B	38.1B	-3.76B
Miscellaneous Cash Flow Adjustments	46.17B	1M	1M	-	-
Net Change in Cash	790B	-169B	-719B	516B	-612B
Supplemental Items
Cash Interest Paid	615M	2.88B	2.2B	2.01B	2.81B
Cash Income Tax Paid (Refund)	21.89B	42.11B	25.52B	14.57B	61.05B
Net Debt Issued / Repaid	465B	476B	-495B	106B	227B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.44	0.39	0.27	0.45	0.49
Return On Equity %	7.7	6.44	4.44	7.53	8.9
Return on Common Equity	8.46	6.96	4.56	8.25	9.72
Margin Analysis
Gross Profit Margin %	97.45	97.21	97.99	98.5	98.42
SG&A Margin	54.42	52.27	38.77	28.97	29.81
Income From Continuing Operations Margin %	19.04	16.81	8.51	10.21	12.03
Net Income Margin %	18.82	15.32	7.38	9.52	11.25
Net Avail. For Common Margin %	18.82	15.32	7.38	9.52	11.25
Normalized Net Income Margin	12.28	12.21	5.14	7.85	9.45
Asset Turnover
Asset Turnover	0.02	0.02	0.03	0.04	0.04
Short Term Liquidity
Current Ratio	1.11	1.08	1.09	1.08	1.06
Quick Ratio	1.07	1.03	1.05	1.04	1.03
Operating Cash Flow to Current Liabilities	0.02	-0.02	-0.01	0.03	-0.01
Long Term Solvency
Total Debt/Equity	829.07	913.65	774.72	943.09	1.08K
Total Debt / Total Capital	89.24	90.13	88.57	90.41	91.55
LT Debt/Equity	197.52	170.78	179.74	184.34	169.25
Long-Term Debt / Total Capital	21.26	16.85	20.55	17.67	14.3
Total Liabilities / Total Assets	93.9	94.04	93.66	94.42	94.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.32	7.56	39.81	47.51	7.4
Gross Profit, 1 Yr. Growth %	-14.61	7.3	40.93	48.28	7.31
Earnings From Cont. Operations, 1 Yr. Growth %	78.98	-5.02	-29.25	77.02	26.57
Net Income, 1 Yr. Growth %	79.62	-12.46	-32.69	90.3	26.99
Normalized Net Income, 1 Yr. Growth %	64.46	6.94	-41.13	125.14	29.41
Diluted EPS Before Extra, 1 Yr. Growth %	82.17	-11.54	-30.95	93.63	28.36
Common Equity, 1 Yr. Growth %	10.15	2.96	2.48	7.94	7.65
Total Assets, 1 Yr. Growth %	9.56	5.49	-4.06	21.25	12.48
Tangible Book Value, 1 Yr. Growth %	10.88	3.87	2.39	8.56	7.64
Cash From Operations, 1 Yr. Growth %	133.85	-190.41	-48.02	-483.75	-164.4
Capital Expenditures, 1 Yr. Growth %	34.54	113.32	-23.75	-41.76	68.54
Dividend Per Share, 1 Yr. Growth %	80	-8.33	-30.3	91.3	27.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.6	-4	22.63	43.61	25.87
Gross Profit, 2 Yr. CAGR %	-10.72	-4.28	22.97	44.56	26.14
Earnings From Cont. Operations, 2 Yr. CAGR %	31.07	30.38	-18.03	11.91	49.69
Net Income, 2 Yr. CAGR %	30.33	25.4	-23.24	13.18	55.46
Normalized Net Income, 2 Yr. CAGR %	16.68	32.61	-20.66	15.12	70.69
Diluted EPS Before Extra, 2 Yr. CAGR %	33.6	26.95	-21.84	15.63	57.65
Common Equity, 2 Yr. CAGR %	3.51	6.49	2.72	5.17	7.79
Total Assets, 2 Yr. CAGR %	11.15	7.5	0.6	7.86	16.78
Tangible Book Value, 2 Yr. CAGR %	3.31	7.32	3.13	5.43	8.1
Cash From Operations, 2 Yr. CAGR %	13.25	45.4	-31.45	41.24	57.2
Capital Expenditures, 2 Yr. CAGR %	-23.39	69.41	27.53	-33.36	-0.93
Dividend Per Share, 2 Yr. CAGR %	30.93	28.45	-20.07	15.47	56.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.85	-4.91	8.82	30.42	30.35
Gross Profit, 3 Yr. CAGR %	-7.02	-5.08	8.9	30.89	30.89
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.67	17.72	6.35	5.96	16.6
Net Income, 3 Yr. CAGR %	-0.66	14.14	1.91	3.89	17.61
Normalized Net Income, 3 Yr. CAGR %	-8.57	13.33	1.16	12.33	19.7
Diluted EPS Before Extra, 3 Yr. CAGR %	2.18	16.45	3.63	5.76	19.73
Common Equity, 3 Yr. CAGR %	1.56	3.32	5.14	4.43	5.99
Total Assets, 3 Yr. CAGR %	7.27	9.23	3.5	7.06	9.38
Tangible Book Value, 3 Yr. CAGR %	1.06	3.5	5.65	4.91	6.16
Cash From Operations, 3 Yr. CAGR %	-33.33	5.06	3.2	21.72	8.71
Capital Expenditures, 3 Yr. CAGR %	56.12	7.78	29.83	-1.79	-9.21
Dividend Per Share, 3 Yr. CAGR %	8.74	16.26	4.77	6.92	19.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.48	0.1	3.98	12.14	15.34
Gross Profit, 5 Yr. CAGR %	-2.64	-0.08	3.98	12.32	15.49
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.27	-0.03	-8.57	15.36	21.93
Net Income, 5 Yr. CAGR %	-1.49	-1.83	-10.4	13.76	20.67
Normalized Net Income, 5 Yr. CAGR %	-6.14	-2.2	-13.62	14.05	24.71
Diluted EPS Before Extra, 5 Yr. CAGR %	0.93	0.51	-8.21	16.12	22.56
Common Equity, 5 Yr. CAGR %	1.79	1.88	2.02	4.06	6.19
Total Assets, 5 Yr. CAGR %	5.03	6.79	4.55	8.68	8.62
Tangible Book Value, 5 Yr. CAGR %	1.19	1.52	1.88	4.27	6.62
Cash From Operations, 5 Yr. CAGR %	12.01	51.33	-32.58	18.26	22.12
Capital Expenditures, 5 Yr. CAGR %	-8.91	48.35	43.99	-11.08	16.52
Dividend Per Share, 5 Yr. CAGR %	4.42	4.88	-3.86	15.94	22.87