1 Top Management; 2 Top shareholders; 3 Peer Comparison & Ranking of 8601; 4 Currency Synopsis: Japanese Yen (JPY)
Top Management
Top Management Top Management [One top executive with tenure > 11 yrs]
Name | Designation | Since Appointment | Takashi Hibino | Chairman, Director | 11 Yrs, 9 Mos |
Top Management [Nine top executives with tenure < 2 yrs]
Name | Designation | Since Appointment | Toyo Abe | Executive Director | 1 Yr, 10 Mos | Seiji Nakata | Chief Executive Officer, President, Director | - | Eiji Sato | Chief Financial Officer, Managing Executive Officer | - | Kazuo Takahashi | Executive Vice President | - | Mikita Komatsu | Executive Vice President | - | Keiko Tashiro | Director, Executive Vice President | - | Koichi Matsushita | Executive Vice President | - | Masahisa Nakagawa | Executive Vice President | - | Toshihiro Matsui | Director, Executive Vice President | - |
Top shareholders Top 10 shareholders
Name of the Share Holder | Number Of Shares | % of Capital | The Master Trust Bank of Japan, Ltd. (Trust Account) | 238545573 | 15.2 | Custody Bank of Japan, Ltd. (Trust Account) | 77370373 | 4.9 | NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST | 45825860 | 2.9 | Taiyo Life Insurance Company | 44413419 | 2.8 | Nippon Life Insurance Company | 33584706 | 2.1 | JAPAN POST HOLDINGS Co., Ltd. | 32329203 | 2.1 | Barclays Securities Japan Limited | 32015327 | 2.0 | STATE STREET BANK WEST CLIENT - TREATY 505234 | 28248818 | 1.8 | Daiwas Employee Stock Ownership Association | 24168433 | 1.5 | NORTHERN TRUST CO. (AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS | 21029676 | 1.3 | % held by Top 10 shareholders 36.6%
Peer Comparison & Ranking of 8601 PEER COMPARISON: 8601 IN INDICES
Daiwa Securities is a constituent of the following indices.
Its market capitalisation is $11 billion and accounts for 0.7% of the combined MCap of the TOPIX Large70 Index.
Index Name | MCap of Index ($ b) | 8601 MCap as % of Index | TOPIX Large70 Index | 1,667 | 0.7 | TOPIX 100 Index | 3,532 | 0.3 | Nikkei 225 Index | 3,865 | 0.3 | Nikkei 300 Index | 4,502 | 0.2 | TOPIX 500 Index | 4,769 | 0.2 | TOPIX 1000 Index | 5,121 | 0.2 |
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: Daiwa Securities vs Tokyo Market
Out of 3,704 stocks and 14 units in the Japan Market, Daiwa Securities is ranked Twenty-sixth(26) by P/Earnings/ Growth, Ninety-eighth(98) by Net Profit $, 126th(126) by EBITDA Margin% and 395th(395) by Yield.
| Tokyo Avg | 8601 | 8601 Rank | P/Earnings/ Growth | 1.1x | 0.1x | 26 | Net Profit $ | 232.4 M | 812.9 M | 98 | EBITDA Margin% | 9.3 | 36.4 | 126 | Yield (%) | - | 4.2 | 395 | P/Sales | 1.03x | 2.8x | 1230 | P/Earnings | 16.9x | 12.4x | 1287 | Price/Net Tangible Assets | 1.6x | 0.99x | 1374 | Discount to 52-Wk High (%) | 8.97 | 20.8 | 1557 | ROE (%) | 8.003 | 7.3 | 1926 | Premium to 52-Wk Low (%) | 21.2 | 33.1 | 2466 | ROA (%) | 1.5 | 0.4 | 3270 | Total Debt/Equity (the lower the better) | 0.9x | 2.9x | 3420 | Negative values are shown in brackets. Stock in Index and Stock in Sector
Description | 8601 | Nikkei 225 Index | % of Nikkei 225 Index | Securities & commodity futures sector | % of Securities & commodity futures sector | Net Profit $ | 812.9 M | 246.4 B | 0.3 | 3.4 B | 23.9 | Revenue $ | 4 B | 3,534.8 B | 0.1 | 27.7 B | 14.3 | Total Assets $ | 214.2 B | 15,626.9 B | 1.4 | 819 B | 26.1 | MCap $ | 11 B | 3,865.2 B | 0.3 | 49.3 B | 22.4 |
Relative Valuation Indicators: Stock vs Index and Stock vs Sector
Description | 8601 | Nikkei 225 Index Avg. | Securities & commodity futures sector Avg. | Price/Earnings | 12.4 | 15.7 | 14.1 | P/Earnings/Growth | 0.13 | 1.04 | 0.17 | Yield (%) | 4.18 | 2.46 | 4.22 | Price/Net Tangible Assets | 0.99 | 1.63 | 0.92 | Total Debt/Equity (the lower the better) | 2.89x | 0.75x | 2.75x |
MARKET SHARE Daiwa Securities vs Securities & Commodity Futures sector [Securities & Commodity Futures sector Total in Brackets] Revenue of JPY590.9 billion ($4 billion)[15.5% of aggregate sector revenue of JPY4,140.4 billion; up from 14.9% in the previous year.] Net Profit of JPY121.6 billion ($812.9 million) [25.6% of aggregate sector net profit of JPY508.1 billion; up from 24.7% in the previous year.] EBIT of JPY180 billion ($1.2 billion) [24.9% of aggregate sector EBIT of JPY787.3 billion; up from 21.5% in the previous year.]
GLOBAL RANK [out of 46,796 stocks] AND RANK OF DAIWA SECURITIES IN THE ASIA REGION [out of 26,209 stocks]
Description | Value | Global Rank | In Asia Region | MCap ($) | 11B | 1,713 | 565 | Total Assets ($) | 214.2B | 338 | 107 | Revenue ($) | 4B | 3,080 | 1,240 | Net Profit ($) | 813M | 1,524 | 489 | Return on Equity % | 7.3 | 17,552 | 10,642 | Net Profit Margin % | 22.1 | 5,423 | 2,657 | Price to Book | 1.0 | 12,721 | 7,936 | Price/Earnings | 12.4 | 9,062 | 5,681 | Yield % | 4.2 | 6,635 | 3,315 | PV1000 (1Year) $* | 1,323 | 13,060 | 6,889 | $* Change (1Year) % | 23.5 | 13,654 | 7,256 |
* 1 year ago $1 = JPY 149.86 Oct 21, 2024: $ 1 equals JPY 149.54
RANK OF DAIWA SECURITIES IN THE NIKKEI 225 INDEX [out of 213 stocks], IN THE TOKYO MARKET [out of 3788 stocks] AND IN THE SECURITIES & COMMODITY FUTURES SECTOR [out of 35 stocks]
Description | Value | In Nikkei 225 Index | In Tokyo Market | In Securities & commodity futures sector | Revenue (JPY) | 590.9B | 143 | 277 | 3 | Return on Equity % | 7.3 | 119 | 1,859 | 15 | Net Profit Margin % | 22.1 | 8 | 173 | 12 | Price to Book | 1.0 | 79 | 1,411 | 19 | Price/Earnings | 12.4 | 79 | 1,332 | 15 | Yield % | 4.2 | 22 | 394 | 14 | PV1000 (1Year) JPY | 1,320 | 72 | 770 | 12 |
LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best] Daiwa Securities is ranked number 2 out of 40 listed securities & commodity futures companies in the Japan with a market capitalization of JPY1,651.8 billion ($11 billion). In the securities & commodity futures companies it has the 2nd highest total assets and 3rd highest revenues. Within its sector it has a relatively moderate P/E of 12.4 and low P/E/G of 0.13.
It has a moderate relative ROE of 7.3% and ROA of 0.4%. The company paid a dividend of JPY44.0 in the last twelve months. The dividend yield is moderate at 4.2%. Finally, its earnings growth in the past 12 months has been a comparatively high 95.1%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.
Currency Synopsis: Japanese Yen (JPY) % Change of JPY vs Currency Basket Period-Based In the past year the Japanese Yen fell 0.4% against the US Dollars; in the past three years the Japanese Yen fell 24.1% against the US Dollars.
Last | Country | 1-day % | 1-week % | 1-Year % | 3-Yrs % | JPY1=0.007USD | United States Of America | -0.5 | -1.1 | -0.4 | -24.1 | JPY1=0.047CNY | China | -0.5 | -0.3 | -2.9 | -16.0 | JPY1=0.006EUR | European Union | -0.3 | - | -2.6 | -18.6 | JPY1=9.115KRW | South Korea | 0.1 | 0.3 | 1.0 | -12.3 | JPY1=0.009SGD | Singapore | -0.4 | -0.4 | -4.3 | -26.0 | JPY1=0.011NZD | New Zealand | -0.4 | -0.3 | -2.7 | -11.5 | JPY1=0.005GBP | United Kingdom | -0.7 | -0.8 | -6.7 | -20.2 | JPY1=0.01AUD | Australia | -0.6 | -0.4 | -5.2 | -15.8 | JPY1=0.052HKD | Hong Kong | -0.5 | -1.0 | -1.0 | -24.2 | JPY1=0.006CHF | Switzerland | -0.3 | - | -4.0 | -29.0 | JPY1=0.009CAD | Canada | -0.3 | -0.7 | 0.9 | -15.2 | JPY1=0.07SEK | Sweden | -0.3 | 0.4 | -3.7 | -7.2 | JPY1=0.073NOK | Norway | -0.5 | 0.7 | -0.8 | -1.7 | JPY1=0.132MXN | Mexico | -0.9 | 0.9 | 9.7 | -26.8 |
1 Tax & Dividend; 2 Financials as Reported FY 2024, Past 10 Years
Tax & Dividend Average Income Tax Paid (Past 5 Years) In the past 5 years, Income Tax as % of profit before tax decreased from 27.8% to 27.5% and Income Tax as % of operating cash flow increased from 20.4% to 23.0%.
Description | 2024 | 2023 | 2022 | 2021 | 2020 | As % of profit before tax | 27.5 | 23.9 | 26.5 | 24.2 | 27.8 | As % of operating cash flow | 23 | 17.6 | 21.3 | 19.6 | 20.4 |
The 5-year average of profit before tax was 26%.
Dividend History In the past 5 years annual dividends have increased by JPY24.0 from JPY20.0 to JPY44.0. Based on a start date of 5 years ago, there has been one decline in dividends over the last 5 years.
Date | Value (JPY) | Type | 27 Sep 2024 | 19 | Interim | 28 Mar 2024 | 25 | Final | Tr 12 Months | 44 | | 2022 - 2023 | 31 | | 2021 - 2022 | 27 | | 2020 - 2021 | 42 | | 2019 - 2020 | 20 | |
Financials as Reported FY 2024, Past 10 Years Financials as reported (FY 2024 [year-ended 31 March 2024 ])
RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In JPY Million, except per share data and shares outstanding)
INCOME STATEMENT AS REPORTED (FY 2024 [year-ended 31 March 2024 ])
Description | JPY Million | JPY Million | | Mar 31 | 2024 | 2023 | Change % | Operating revenue | | | | Commission received | 358,532 | 279,991 | Up 28.1 | Brokerage commission | 93,427 | 64,272 | Up 45.4 | Commission for underwriting secondary distribution and solicitation for selling and others for professional investors | 38,490 | 28,165 | Up 36.7 | Fees for offering secondary distribution and solicitation for selling and others for professional investors | 18,390 | 11,316 | Up 62.5 | Other commission received | 208,225 | 176,237 | Up 18.2 | Net trading income | 98,160 | 70,253 | Up 39.7 | Net gain (loss) on private equity and other securities | 14,381 | 3,692 | Up 289.5 | Financial revenue | 607,590 | 332,548 | Up 82.7 | Other operating revenue | 198,816 | 179,604 | Up 10.7 | Total operating revenue | 1,277,482 | 866,090 | Up 47.5 | Financial expenses | 525,853 | 268,498 | Up 95.8 | Other operating expenses | 160,718 | 133,365 | Up 20.5 | Net operating revenue | 590,910 | 464,226 | Up 27.3 | Selling general and administrative expenses | | | | Trading related expenses | 80,635 | 71,545 | Up 12.7 | Personnel expenses | 222,532 | 199,790 | Up 11.4 | Real estate expenses | 40,273 | 38,704 | Up 4.1 | Office expenses | 26,586 | 25,768 | Up 3.2 | Depreciation | 35,141 | 34,497 | Up 1.9 | Taxes and dues | 12,881 | 10,191 | Up 26.4 | Provision of allowance for doubtful accounts | 15 | 49 | Down 69.4 | Other | 19,138 | 17,404 | Up 10.0 | Total selling general and administrative expenses | 437,205 | 397,952 | Up 9.9 | Operating profit | 153,705 | 66,273 | Up 131.9 | Non-operating income | | | | Dividend income | 6,513 | 3,535 | Up 84.2 | Share of profit of entities accounted for using equity method | 4,828 | 8,954 | Down 46.1 | Foreign exchange gains | 4,629 | 2,274 | Up 103.6 | Gain on investments in investment partnerships | 2,508 | 7,851 | Down 68.1 | Other | 6,303 | 2,063 | Up 205.5 | Total non-operating income | 24,782 | 24,679 | Up 0.4 | Non-operating expenses | | | | Interest expenses | 2,020 | 1,909 | Up 5.8 | Bond issuance costs | 213 | 177 | Up 20.3 | Other | 1,665 | 1,935 | Down 14.0 | Total non-operating expenses | 3,900 | 4,022 | Down 3.0 | Ordinary profit | 174,587 | 86,930 | Up 100.8 | Extraordinary income | | | | Gain on sale of non-current assets | 11,031 | 12,235 | Down 9.8 | Gain on sale of investment securities | 6,206 | 5,282 | Up 17.5 | Gain on sale of shares of subsidiaries and associates | 39 | | | Gain on reversal of share acquisition rights | 1,164 | 667 | Up 74.5 | Total extraordinary income | 18,441 | 18,185 | Up 1.4 | Extraordinary losses | | | | Loss on sale and retirement of non-current assets | 1,818 | 2,279 | Down 20.2 | Impairment losses | 3,799 | | | Loss on sale of investment securities | 7 | 142 | Down 95.1 | Loss on valuation of investment securities | 232 | 2,215 | Down 89.5 | Loss on valuation of shares of subsidiaries and associates | 2,587 | 432 | Up 498.8 | Loss on change in equity | 71 | 85 | Down 16.5 | Provision of reserve for financial instruments transaction liabilities | 1,349 | 570 | Up 136.7 | Business restructuring expenses | 3,024 | 2,173 | Up 39.2 | Expenses related to the 120th anniversary project | | 452 | | Other | 140 | | | Total extraordinary losses | 13,032 | 8,350 | Up 56.1 | Profit before income taxes | 179,997 | 96,766 | Up 86.0 | Income taxes - current | 55,960 | 19,980 | Up 180.1 | Income taxes - deferred | -6,399 | 3,102 | Deterioration | Total income taxes | 49,561 | 23,082 | Up 114.7 | Profit | 130,436 | 73,683 | Up 77.0 | Profit attributable to non-controlling interests | 8,878 | 9,808 | Down 9.5 | Profit attributable to owners of parent | 121,557 | 63,875 | Up 90.3 | Basic earnings per share | JPY84.94 | JPY43.53 | Up 95.1 | Average number of shares | 1,431,033,448 | 1,467,422,357 | Down 2.5 |
BALANCE SHEET AS REPORTED (FY 2024 [year-ended 31 March 2024 ])
Description | JPY Million | JPY Million | | Mar 31 | 2024 | 2023 | Change % | Assets | | | | Current assets | | | | Cash and deposits | 4,398,616 | 3,866,819 | Up 13.8 | Segregated deposits | 544,815 | 541,629 | Up 0.6 | Notes and accounts receivable - trade and contract assets | 29,627 | 22,062 | Up 34.3 | Securities | 1,410,877 | 1,131,682 | Up 24.7 | Trading products | 7,534,999 | 7,625,713 | Down 1.2 | Trading securities and other | 4,870,657 | 5,425,159 | Down 10.2 | Derivatives | 2,664,341 | 2,200,554 | Up 21.1 | Operational investment securities | 138,663 | 127,693 | Up 8.6 | Allowance for investment loss | -4 | -70 | Improved 94.3 | Operating loans | 2,722,321 | 2,015,034 | Up 35.1 | Work in process | 839 | 853 | Down 1.6 | Margin transaction assets | 158,635 | 160,255 | Down 1.0 | Margin loans | 149,301 | 153,574 | Down 2.8 | Cash collateral provided for securities borrowed in margin transactions | 9,333 | 6,680 | Up 39.7 | Loans secured by securities | 12,368,472 | 8,341,562 | Up 48.3 | Cash collateral provided for securities borrowed | 9,128,456 | 6,844,292 | Up 33.4 | Securities purchased under resale agreements | 3,240,015 | 1,497,270 | Up 116.4 | Advances paid | 33,633 | 18,756 | Up 79.3 | Short-term loans receivable | 791 | 810 | Down 2.3 | Accrued revenue | 88,460 | 63,805 | Up 38.6 | Other current assets | 1,018,117 | 965,074 | Up 5.5 | Allowance for doubtful accounts | -9,554 | -8,822 | Deterioration 8.3 | Total current assets | 30,439,313 | 24,872,860 | Up 22.4 | Non-current assets | | | | Property plant and equipment | 921,181 | 916,873 | Up 0.5 | Buildings net | 238,526 | 241,775 | Down 1.3 | Machinerys and equipmentsnet | 6,096 | 9,103 | Down 33.0 | Equipment | 17,123 | 17,449 | Down 1.9 | Land | 643,845 | 643,695 | Up | Construction in progress | 15,589 | 4,850 | Up 221.4 | Intangible assets | 127,602 | 125,571 | Up 1.6 | Goodwill | 17,139 | 18,526 | Down 7.5 | Leasehold interests in land | 5,638 | 5,638 | Steady | Software | 69,502 | 65,251 | Up 6.5 | Other | 35,322 | 36,154 | Down 2.3 | Investments and other assets | 539,201 | 497,943 | Up 8.3 | Investment securities | 492,226 | 455,317 | Up 8.1 | Long-term loans receivable | 7,216 | 6,498 | Up 11.0 | Long-term guarantee deposits | 15,903 | 15,796 | Up 0.7 | Deferred tax assets | 6,825 | 7,840 | Down 12.9 | Other | 19,813 | 17,771 | Up 11.5 | Allowance for doubtful accounts | -2,783 | -1,660 | Deterioration 67.7 | Allowance for investment loss | | -3,620 | | Total non-current assets | 1,587,986 | 1,540,388 | Up 3.1 | Total assets | 32,027,299 | 26,413,248 | Up 21.3 | Liabilities | | | | Current liabilities | | | | Notes and accounts payable - trade | 8,507 | 8,120 | Up 4.8 | Trading products | 5,863,821 | 5,442,548 | Up 7.7 | Trading securities and other | 3,368,679 | 3,451,608 | Down 2.4 | Derivatives | 2,495,141 | 1,990,940 | Up 25.3 | Trade date accrual | 1,457,301 | 1,155,831 | Up 26.1 | Margin transaction liabilities | 54,414 | 52,785 | Up 3.1 | Margin borrowings | 4,769 | 3,817 | Up 24.9 | Cash received for securities sold in margin transactions | 49,645 | 48,967 | Up 1.4 | Borrowings secured by securities | 11,698,956 | 7,929,609 | Up 47.5 | Cash collateral received for securities lent | 8,270,945 | 6,508,873 | Up 27.1 | Securities sold under repurchase agreements | 3,428,011 | 1,420,735 | Up 141.3 | Deposits for banking business | 4,511,603 | 3,932,761 | Up 14.7 | Deposits received | 562,416 | 430,664 | Up 30.6 | Guarantee deposits received | 522,809 | 431,383 | Up 21.2 | Short-term borrowings | 1,272,859 | 1,292,848 | Down 1.5 | Commercial papers | 440,000 | 261,300 | Up 68.4 | Current portion of bonds payable | 159,780 | 485,029 | Down 67.1 | Income taxes payable | 42,916 | 10,675 | Up 302.0 | Provision for bonuses | 43,054 | 33,287 | Up 29.3 | Other current liabilities | 159,110 | 114,430 | Up 39.0 | Total current liabilities | 26,797,550 | 21,581,275 | Up 24.2 | Non-current liabilities | | | | Bonds payable | 1,276,312 | 1,304,543 | Down 2.2 | Long-term borrowings | 2,020,812 | 1,706,985 | Up 18.4 | Deferred tax liabilities | 45,616 | 42,280 | Up 7.9 | Retirement benefit liability | 43,715 | 44,309 | Down 1.3 | Provision for loss on litigation | 235 | 169 | Up 39.1 | Other noncurrent liabilities | 48,761 | 53,906 | Down 9.5 | Total non-current liabilities | 3,435,452 | 3,152,195 | Up 9.0 | Reserves under special laws | | | | Reserve for financial instruments transaction liabilities | 5,637 | 4,287 | Up 31.5 | Total reserves under special laws | 5,637 | 4,287 | Up 31.5 | Total liabilities | 30,238,640 | 24,737,758 | Up 22.2 | Net assets | | | | Shareholders' equity | | | | Share capital | 247,397 | 247,397 | Steady | Capital surplus | 232,461 | 230,274 | Up 0.9 | Retained earnings | 961,438 | 886,160 | Up 8.5 | Treasury shares | -123,153 | -71,522 | Deterioration 72.2 | Deposits for subscriptions of treasury shares | 83 | | | Total shareholders' equity | 1,318,227 | 1,292,309 | Up 2.0 | Accumulated other comprehensive income | | | | Valuation difference on available-for-sale securities | 52,936 | 24,717 | Up 114.2 | Deferred gains or losses on hedges | 16,873 | 16,028 | Up 5.3 | Foreign currency translation adjustment | 134,149 | 74,785 | Up 79.4 | Total accumulated other comprehensive income | 203,959 | 115,531 | Up 76.5 | Share acquisition rights | 6,956 | 8,793 | Down 20.9 | Non-controlling interests | 259,515 | 258,855 | Up 0.3 | Total net assets | 1,788,658 | 1,675,489 | Up 6.8 | Total liabilities and net assets | 32,027,299 | 26,413,248 | Up 21.3 |
CASH FLOW AS REPORTED (FY 2024 [year-ended 31 March 2024 ])
Description | JPY Million | JPY Million | | Mar 31 | 2024 | 2023 | Change % | Cash flows from operating activities | | | | Profit before income taxes | 179,997 | 96,766 | Up 86.0 | Depreciation | 45,274 | 43,954 | Up 3.0 | Amortization of goodwill | 1,877 | 1,818 | Up 3.2 | Increase (decrease) in allowance for doubtful accounts | 2,244 | 1,142 | Up 96.5 | Increase (decrease) in reserve for financial instruments transaction liabilities | 1,349 | 570 | Up 136.7 | Interest and dividend income | -6,750 | -3,694 | Deterioration 82.7 | Interest expenses | 2,020 | 1,909 | Up 5.8 | Share of loss (profit) of entities accounted for using equity method | -4,828 | -8,954 | Improved 46.1 | Loss (gain) on sale and retirement of non-current assets | -9,212 | -9,956 | Improved 7.5 | Loss (gain) on sale of investment securities | -6,198 | -5,140 | Deterioration 20.6 | Loss (gain) on change in equity | 71 | 85 | Down 16.5 | Loss (gain) on valuation of investment securities | 232 | 2,215 | Down 89.5 | Impairment losses | 3,799 | | | Decrease (increase) in cash segregated as deposits for customers | -12,238 | -22,434 | Improved 45.4 | Decrease (increase) in trading products - assets (liabilities) | 823,205 | 1,517,792 | Down 45.8 | Decrease (increase) in operational investment securities | -10,540 | 1,400 | Deterioration | Decrease (increase) in operating loans receivable | -697,799 | -75,250 | Deterioration 827.3 | Decrease/increase in margin transaction assets/liabilities | 3,249 | -387 | Recovery | Decrease/increase in loans/borrowings secured by securities | -300,962 | -1,514,593 | Improved 80.1 | Decrease (increase) in short-term loans receivable | -290 | -27 | Deterioration 974.1 | Increase (decrease) in deposits for banking business | 578,841 | -256,343 | Recovery | Decrease (increase) in short-term guarantee deposits | -6,535 | -41,345 | Improved 84.2 | Increase (decrease) in guarantee deposits received | 91,589 | 84,214 | Up 8.8 | Increase (decrease) in deposits received | 125,091 | -31,975 | Recovery | Other net | -92,856 | 54,127 | Deterioration | Subtotal | 710,631 | -164,109 | Recovery | Interest and dividends received | 11,072 | 8,079 | Up 37.0 | Interest paid | -2,013 | -2,199 | Improved 8.5 | Income taxes refund (paid) | -14,566 | -25,515 | Improved 42.9 | Net cash provided by (used in) operating activities | 705,124 | -183,745 | Recovery | Cash flows from investing activities | | | | Payments into time deposits | -83,655 | -60,060 | Deterioration 39.3 | Proceeds from withdrawal of time deposits | 73,481 | 69,862 | Up 5.2 | Purchase of securities | -726,288 | -567,453 | Deterioration 28.0 | Proceeds from sale and redemption of securities | 563,565 | 614,968 | Down 8.4 | Purchase of property plant and equipment | -27,781 | -47,702 | Improved 41.8 | Proceeds from sale of property plant and equipment | 19,063 | 28,575 | Down 33.3 | Purchase of intangible assets | -36,714 | -33,546 | Deterioration 9.4 | Purchase of investment securities | -25,361 | -23,555 | Deterioration 7.7 | Proceeds from sale and redemption of investment securities | 38,104 | 40,022 | Down 4.8 | Purchase of shares of subsidiaries and associates | -10,993 | -12,140 | Improved 9.4 | Loan advances | -396 | -468 | Improved 15.4 | Proceeds from collection of loans receivable | 171 | 107 | Up 59.8 | Other net | -7,182 | -1,152 | Deterioration 523.4 | Net cash provided by (used in) investing activities | -223,986 | 7,457 | Deterioration | Cash flows from financing activities | | | | Net increase (decrease) in short-term borrowings | -32,234 | -428,321 | Improved 92.5 | Proceeds from long-term borrowings | 636,083 | 589,550 | Up 7.9 | Repayments of long-term borrowings | -131,651 | -424,580 | Improved 69.0 | Proceeds from issuance of bonds | 335,871 | 350,861 | Down 4.3 | Redemption of bonds | -701,851 | -582,999 | Deterioration 20.4 | Proceeds from sale of treasury shares | 9,446 | 803 | Up 1,076.3 | Purchase of treasury shares | -60,012 | -19,733 | Deterioration 204.1 | Dividends paid | -44,746 | -39,905 | Deterioration 12.1 | Dividends paid to non-controlling interests | -10,609 | -10,622 | Improved 0.1 | Other net | -3,142 | -931 | Deterioration 237.5 | Net cash provided by (used in) financing activities | -2,847 | -565,878 | Improved 99.5 | Effect of exchange rate change on cash and cash equivalents | 38,101 | 23,349 | Up 63.2 | Net increase (decrease) in cash and cash equivalents | 516,392 | -718,816 | Recovery | Cash and cash equivalents at beginning of period | 3,835,559 | 4,554,375 | Down 15.8 | Cash and cash equivalents at end of period | 4,351,951 | 3,835,559 | Up 13.5 |
Download DAIWA SECURITIES Financials Past 10 Years
Description (March 31) | 2024 | 2023 | 2022 | 2021 | 2020 | Income Statement | | | | | | Revenue per share | 412.93 | 316.35 | 333.68 | 306.52 | 276.29 | EBITDA (B) | 215.1 | 131.3 | 176.5 | 178.5 | 115.6 | Depreciation (B) | 35.1 | 34.5 | 34.8 | 33.9 | 30.8 | Tax (B) | 49.6 | 23.1 | 37.5 | 34.9 | 23.6 | Net profit (B) | 121.6 | 63.9 | 94.9 | 108.4 | 60.3 | EPS | 84.94 | 43.53 | 63.06 | 71.2 | 39.11 | Balance Sheet | | | | | | Equity Share Capital (B) | 1,529.1 | 1,416.6 | 1,382.4 | 1,342.7 | 1,218.9 | Retained Earnings (B) | 968.4 | 895 | 951.9 | 920.9 | 843.3 | Total Debt (B) | 5,169.8 | 5,050.7 | 10,221.5 | 5,021.3 | 4,295.3 | Total Assets (B) | 32,027.3 | 26,413.2 | 27,531.1 | 26,099.3 | 23,822.1 | Current Asset (B) | 30,439.3 | 24,872.9 | 26,009.6 | 24,646.3 | 22,846.6 | Fixed Asset (B) | 921.2 | 916.9 | 913.9 | 880.5 | 19.2 | Working Capital (B) | 3,641.8 | 3,291.6 | 3,064.4 | 3,427 | 2,927.9 | Cash Flow | | | | | | Operating Cash Flow (B) | 705.1 | (183.7) | (353.5) | 391 | 167.2 | Investing Cash Flow (B) | (224) | 7.5 | (218.5) | (91.6) | (215.4) | Financing Cash Flow (B) | (2.8) | (565.9) | 377.1 | 438.1 | (135.8) | Net Cash Flow (B) | 478.3 | (742.2) | (194.9) | 737.4 | (184) |
Description (March 31) | 2019 | 2018 | 2017 | 2016 | 2015 | Income Statement | | | | | | Revenue per share | 276.25 | | | 378.62 | 391.05 | EBITDA (B) | 362.9 | 326.5 | 261.1 | 283.3 | | Depreciation (B) | 25.3 | 24.3 | 23.4 | 23.8 | 20.7 | EBIT (B) | 337.6 | 302.2 | 237.7 | 259.4 | 1.5 | Interest (B) | 242.5 | 148.3 | 98.7 | 89.5 | 1.5 | Profit before tax (B) | 95.1 | 153.9 | 139 | 169.9 | 181.8 | Tax (B) | 31.3 | 38.5 | 34.7 | 46.9 | 27.4 | Net profit (B) | 63.8 | 110.6 | 104.1 | 116.8 | 154.3 | EPS | 39.95 | 66.88 | | 67.66 | 86.72 | Balance Sheet | | | | | | Equity Share Capital (B) | 1,253.2 | 1,370.5 | 1,259.6 | 1,228.8 | | Retained Earnings (B) | 814.5 | 785.7 | 718.2 | 683.9 | 623.2 | Total Debt (B) | 4,334.6 | 9,880.3 | 9,726.8 | 5,721.3 | 7,164.9 | Total Assets (B) | 21,126.7 | 21,135 | 19,827.3 | 20,420.8 | 22,981.7 | Current Asset (B) | 20,405.6 | 20,478.5 | 19,258.9 | 19,851.6 | 22,171.5 | Fixed Asset (B) | 168.1 | 57 | 125 | 124.6 | 458.1 | Working Capital (B) | 3,323.6 | 3,443.4 | 3,251.1 | 3,023.7 | 2,834.3 | Cash Flow | | | | | | Operating Cash Flow (B) | 304.9 | (1,319.2) | 44.5 | 221.7 | 725.3 | Investing Cash Flow (B) | 108.2 | 777.9 | 307.7 | 415.6 | (13.3) | Financing Cash Flow (B) | 55.7 | 432.8 | 143.2 | (229.7) | 343.1 | Net Cash Flow (B) | 468.8 | (108.6) | 495.5 | 407.7 | 1,055.2 |
|