For the 9 months ended December 31, 2025
The statutory consolidated financial statements of Daiwa Securities Group Inc. filed under Financial Instruments and Exchange Act of Japan etc. are prepared in accordance with Generally Accepted Accounting Principles in Japan (JGAAP). In contrast, the accompanying IFRS-based financial statements are presented for reference only for the purpose of providing useful information for our shareholders and investors, and are not any requirement by Company Act, Financial Instruments and Exchange Act of Japan, nor listing rules of Tokyo Stock Exchange. Please note that there is no direct comparability between the financial statements prepared under different accounting standards.
Table of Contents
Page
Cover
【Quarterly Consolidated Financial Statements】Quarterly Consolidated Statements of Profit or Loss 3
Quarterly Consolidated Statements of Comprehensive Income 4
Quarterly Consolidated Statements of Financial Position 5
Other Information 7
【Quarterly Consolidated Financial Statements】 Quarterly Consolidated Statements of Profit or Loss(Unit：millions of Yen)
FY2024(3Q) | FY2025(3Q) | |
Operating revenue: | ||
Commission received | 301,590 | 347,278 |
Net gain on trading | 75,900 | 67,516 |
Net gain(loss) on operational investment securities | 3,767 | 8,235 |
Financial revenue | 519,073 | 512,038 |
Other operating revenue | 122,927 | 147,811 |
Total operating revenue | 1,023,257 | 1,082,878 |
Financial expenses | (450,722) | (433,980) |
Other operating expenses | (93,508) | (105,427) |
Net operating revenue | 479,027 | 543,471 |
Selling, general and administrative expenses | (357,929) | (374,252) |
Other income | 6,148 | 11,840 |
Other expenses | (6,600) | (3,794) |
Share of net profit from investments accounted for using equity method | 51,528 | 17,890 |
Quarterly profit before income tax | 172,174 | 195,155 |
Income tax expenses | (39,862) | (56,861) |
Quarterly net profit | 132,312 | 138,294 |
Quarterly net profit attributable to: | ||
Owners of the parent | 124,477 | 126,367 |
Non-controlling interests | 7,835 | 11,927 |
(Unit：Yen)
FY2024(3Q) | FY2025(3Q) | |
Quarterly earnings per share Attributable to owners of the parent: Basic Diluted | 88.42 86.84 | 90.72 89.47 |
(Unit：millions of Yen)
FY2024(3Q) | FY2025(3Q) | |
Quarterly net profit | 132,312 | 138,294 |
Other comprehensive income: Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations Cash flow hedge reserves Share of other comprehensive income of investments accounted for using equity method Financial assets measured at FVTOCI Items that will not be reclassified to profit or loss: Designated financial assets measured at FVTOCI Designated financial liabilities measured at FVTPL | 18,217 (136) (606) (473) 6,200 (492) | 29,376 |
64 | ||
(4,365) | ||
4,223 | ||
32,295 | ||
256 | ||
Other comprehensive income | 22,710 | 61,849 |
Quarterly comprehensive income | 155,022 | 200,143 |
Quarterly comprehensive income attributable to: | ||
Owners of the parent | 146,839 | 187,809 |
Non-controlling interests | 8,183 | 12,334 |
(Unit：millions of Yen)
FY2024 March 31, 2025 | FY2025(3Q) December 31, 2025 | |
Assets: | ||
Cash and bank deposits | 3,761,134 | 4,761,424 |
Trading securities and other | 5,544,557 | 7,561,264 |
Derivative assets | 1,428,154 | 1,516,430 |
Loans secured by securities | 14,842,468 | 13,526,551 |
Loans and trade receivables | 9,355,348 | 9,923,865 |
Operational investment securities | 115,056 | 133,325 |
Other investments | 1,701,947 | 2,171,437 |
Other financial assets | 1,247,062 | 1,465,860 |
Designated financial assets measured at FVTOCI | 222,678 | 260,533 |
Equity method investments | 327,227 | 335,778 |
Property and equipment | 159,229 | 203,160 |
Right-of-use assets | 158,195 | 143,711 |
Investment property | 841,857 | 806,052 |
Intangible assets | 149,232 | 162,713 |
Other assets | 259,460 | 277,977 |
Current tax assets | 3,644 | 1,914 |
Deferred tax assets | 8,006 | 6,765 |
Total assets | 40,125,254 | 43,258,759 |
Liabilities: | ||
Trading securities and other | 4,810,648 | 3,457,166 |
Derivative liabilities | 1,292,884 | 1,627,476 |
Loans payable secured by securities | 14,910,350 | 15,024,653 |
Trade payables | 5,853,451 | 8,592,580 |
Deposits for banking business | 4,297,685 | 4,942,569 |
Deposits from customers | 532,664 | 652,388 |
Borrowings | 3,743,952 | 4,166,677 |
Bonds and notes | 1,319,100 | 1,308,285 |
Lease liabilities | 159,557 | 145,194 |
Other financial liabilities | 683,056 | 882,627 |
Provisions | 7,817 | 7,586 |
Net defined benefit liabilities | 43,140 | 44,071 |
Other liabilities | 87,815 | 68,519 |
Current tax liabilities | 28,729 | 24,304 |
Deferred tax liabilities | 63,461 | 85,064 |
Total liabilities | 37,834,309 | 41,029,159 |