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    8601   JP3502200003

DAIWA SECURITIES GROUP INC.

(8601)
  Report
Delayed Japan Exchange  -  09:30:00 2023-02-05 pm EST
611.00 JPY   +0.16%
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Daiwa Securities : 1H FY2022 Management Strategy Update

11/24/2022 | 06:44pm EST

Daiwa Securities Group

1H FY2022 Management Strategy Update

November 25, 2022

Seiji Nakata, President and CEO

Daiwa Securities Group Inc.

These materials were produced to provide information on results through the second quarter of FY2022 and the managementʼs vision for the future. They are not intended as a solicitation for investment in securities issued by Daiwa Securities Group Inc. These materials were produced based on information that was disclosable as of November 25, 2022. The opinions, forecasts, and other forward-looking statements in these materials are based on the companyʼs judgment at the time they were produced, and Daiwa Securities Group Inc. makes no guarantees in regard to the accuracy and completeness of the information contained herein. This information may also be revised without prior notice in the future.

Table of Contents

  • - Overview of the 1H of Year 2 of

the Medium-Term Management Plan ・・・・3

  • - Individual Strategies ・・・・ 9
  • - Sustainability・・・・ 36 Appendix ・・・・ 42
  • - Overview of the 1H of Year 2 of the Medium-Term Management Plan

- Overview of the 1H of Year 2 of the Medium-Term Management Plan

1H Market Environment

The market fluctuates wildly as the global economy faces major turning points, such as Russia's invasion of Ukraine, global division and raging inflation, and the shift from long-term monetary easing.

Equity Markets (Parenthesis shows FY2022 average forecast projected as of March 2021)

FX Markets

The FY2022 averages for the Nikkei Average and S&P 500 lower than projected

S&P500(left)

3,993pt

Forecast4,350pt

Nikkei Average

(right)

28,264

Forecast34,000

Currently also a sense of a lull in the sharp weakening of the yen since the beginning of 2022

EUR/JPY(right)

¥143.6

USD/JPY(left)

¥138.8

Forecast ¥110

pt

yen

yen

yen

Bond Markets

price volatility1

Yields have risen since the beginning of 2022

U.S.(left)

Volatility now declining after

U.S.

3.81

surging since the beginning of 2022

Forecast2.00%

(left)

Japan

Japan(right)

(right)

0.24

Forecast0.18%

(%)

(%)

pt

pt

*1 JapanS&P/JPX JGB VIX USMOVESourceBloomberg All graphs use weekly dataperiod : April 2, 2021 to November 11, 2022

4

- Overview of the 1H of Year 2 of the Medium-Term Management Plan

1H Performance Summary

Group consolidated ordinary income for FY2022 1H decreased substantially in Wholesale Division due to severe market environment while Retail Division, Asset Management Division, and Investment Division performed well and secured a certain level of profit.

Consolidated Ordinary Income

¥ billions

Previous Medium-Term Management Plan

Current Medium-Term

Management Plan

Progress on Financial KPIs

Performance

Financial Base

Ordinary Income

ROE

Consolidated total

capital ratio

FY2022 1H

FY2022 1H

As of June 30, 2022

¥32.9 billion

4.5

20.43

Target (FY2023)

Target (FY2023)

Target (FY2023)

¥200 billion or more

10 or higher

Maintain at

18 or higher

Wealth Management Business

Hybrid Strategy

Retail Division asset based revenues

FY2022

Hybrid-related

2Q

ordinary income

Revenues

Ratio

and income ratio

FY2022 1H

¥20.7 billion

51.6%

¥21.5 billion

Target (FY2023 4Q)

65%

Target (FY2023.4Q)

Target (FY2023)

¥24 billion

Estimate (FY2022 2Q)

50 or higher

¥50 billion or more

Around 25

¥19.8 billion

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Daiwa Securities Group Inc. published this content on 24 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2022 23:43:17 UTC.


ę Publicnow 2022
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Sales 2023 512 B 3 912 M 3 912 M
Net income 2023 68 417 M 523 M 523 M
Net Debt 2023 - - -
P/E ratio 2023 12,8x
Yield 2023 3,91%
Capitalization 886 B 6 769 M 6 769 M
Capi. / Sales 2023 1,73x
Capi. / Sales 2024 1,65x
Nbr of Employees 14 889
Free-Float 89,7%
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Number of Analysts 8
Last Close Price 610,00 JPY
Average target price 601,00 JPY
Spread / Average Target -1,48%
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Seiji Nakata Executive President, CEO & Representative Director
Eiji Sato CFO & Managing Executive Officer
Takashi Hibino Director, Head-personnel & Legal Affairs
Tomoyuki Murase Managing Executive Officer
Toshihiro Matsui COO, Director & Representative Executive VP
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