Morningstar - Daiwa Securities Group Inc. (8601) Daiwa Securities Reports Weakest Quarter and Year Since Launch of Abenomics

Report

Morningstar

Michael Makdad

EUR 100.00 For Business Accounts Only

Daiwa Securities Reports Weakest Quarter and Year Since Launch of Abenomics

Daiwa Securities reported full-year net profit of JPY 64 billion (ROE of 5.1%) and fiscal fourth-quarter profit of JPY 13.4 billion (annualized ROE of 4.3%), its weakest quarter and year since the launch of Abenomics in early 2013. Yet Daiwaâ€™s results showed much more resilience to a surprisingly tough market environment (the retail securities business was awful industrywide in Japan in the January-March quarter notwithstanding the rebound in global stock prices) than its larger rival Nomura. Fo...

25/04/2019 13 EN

Underlying

Daiwa Securities Group Inc.

Daiwa Securities Group is a financial holding company engaged in the securities-related business and other investment and financial services. Retail segment provides securities brokerage services to individuals and unlisted-corporate customers. Wholesale segment offers stock, bonds, foreign exchange and the other derivatives mainly to institutional investors and business investors. It also provides investment banking services. Asset Management segment provides investment advisory and asset management services for institutional investors and overseas asset management companies. Investment segment is engaged in the private equity investment activities.

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JP3502200003 Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Makdad

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Daiwa Securities Reports Weakest Quarter and Year Since Launch of Abenomics

DAIWA SECURITIES GROUP sees an upgrade to Positive due to a better fundamental star rating

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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