Daiwa Securities Group Inc., First Half Ordinary Profit Increases by 44%, July-September Ordinary Profit Increases by 78%

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Tue Oct 29, 2024 3:00 pm JST Earnings

8601 Daiwa Securities Group Inc. 【J-GAAP】

Earnings Report

Daiwa Securities Group Inc. <8601> [TSE-P] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 110 billion yen, an increase of 43.8% compared to the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 78.5% from the same period last year, reaching 72.8 billion yen. However, the operating profit margin decreased from 12.5% in the same period last year to 11.8%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	339,193	20,838	32,941	31,455	21.2	37.9	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	570,087	68,561	76,932	53,505	36.9	44.1	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	689,688	76,790	110,627	77,785	55.3	ー	Oct 29, 2024	J-GAAP
YoY	+21.0%	+12.0%	+43.8%	+45.4%	+49.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	689,688	76,790	110,627	77,785	55.3	28	Oct 29, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	707,395	85,144	97,655	68,052	47.6	25	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 25, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	866,090	66,273	86,930	63,875	43.5	23	Apr 27, 2023	J-GAAP
Mar, 2024	1,277,482	153,705	174,587	121,557	84.9	44	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	ー	－	－	Apr 25, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	303,828	37,828	40,836	29,793	20.6	12.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	335,378	38,061	40,876	28,457	19.8	11.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	372,017	47,083	56,779	39,595	27.7	12.7	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	335,357	35,115	37,740	23,993	17.1	10.5	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	354,331	41,675	72,887	53,792	38.3	11.8	Oct 29, 2024	J-GAAP
YoY	+16.6%	+10.2%	+78.5%	+80.6%	+86.1%