Daiwa Securities Group Inc. (DSEEY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for waiting. Thank you very much for participating in the telephone conference for the fiscal year 2026 of the first quarter earnings announcement of Taiwan Securities Group, despite your busy schedule. I would like to start the meeting. From Taiwan Securities Group, we have Managing Executive Officer and CFO, Yoshida. I am the Head of IR, Nakamura. First, Yoshida will explain about the first quarter results of fiscal year 2026. We will receive your questions after the presentation. Today, this is streamed live on the internet and investors can view this start. Hello, this is Yoshida from the Securities Group Headquarters. Thank you very much for taking the time out of your busy schedule to join our conference call today. I will now explain the financial results for the first quarter of the fiscal year 2026, which we announced today based on the presentation materials posted on our website. Please turn to page four. First, I will provide a summary of our consolidated financial results. The percentage changes in figures when compared to the fourth quarter of fiscal year 2025. In the first quarter of fiscal year 2026, we achieved profit growth across all divisions with ROE reaching 12.7%. Net operating revenue was 220.3 billion yen, up 11.4%. Ordinary income was 88 billion yen, up 31.4%. and profit attributable to owners of the parent was 56.4 billion yen, up 13.2%. The Wealth Management Division, in addition to risk client activity, saw its portfolio-based proposals gain traction, resulting in record-high asset-based revenue of 35.8 billion yen. The trend of net asset inflows continues. Furthermore, not only asset-based revenue, but also flow-based revenue expanded. In the asset management division, against the backdrop of continued net inflows and...