- JP-listed companies
- Daiwa Securities Group Inc.
Daiwa Securities Group Inc.JP:8601
Market cap
¥1.61T
P/E ratio
38.2x
| Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | |
| Profit (loss) before income taxes | 91,675 | 195,579 | 181,916 | 169,912 | 139,004 | 153,864 | 95,083 | 84,828 | 144,567 | 141,666 | 96,766 | 179,997 |
| Depreciation | 40,179 | 33,565 | 30,749 | 29,891 | 28,436 | 29,242 | 30,318 | 37,251 | 41,169 | 44,612 | 43,954 | 45,274 |
| Amortization of goodwill | 2,636 | 2,005 | 1,464 | 1,048 | 1,108 | 1,309 | 1,683 | 1,254 | 1,167 | 1,547 | 1,818 | 1,877 |
| Increase (decrease) in allowance for doubtful accounts | -690 | -163 | 762 | -202 | -47 | -252 | 80 | 33 | 8,073 | 3,766 | 1,142 | 2,244 |
| Increase (decrease) in reserve for financial instruments transaction liabilities | -113 | 916 | 454 | 43 | -28 | 15 | -6 | -19 | -218 | 17 | 570 | 1,349 |
| Interest and dividend income | -4,235 | -4,779 | -5,580 | -5,310 | -4,760 | -4,662 | -4,893 | -5,118 | -3,475 | -4,886 | -3,694 | -6,750 |
| Interest expenses | 1,610 | 1,368 | 1,460 | 392 | 42 | 31 | 27 | 269 | 636 | 1,838 | 1,909 | 2,020 |
| Share of loss (profit) of entities accounted for using equity method | -1,729 | -1,314 | -2,071 | -6,959 | -8,412 | -13,235 | -8,397 | -8,586 | -12,369 | -8,104 | -8,954 | -4,828 |
| Loss (gain) on sale and retirement of non-current assets | 1,109 | 596 | -2,611 | - | - | -370 | 280 | -8,139 | 1,328 | 582 | -9,956 | -9,212 |
| Loss (gain) on sale of investment securities | -4,964 | -9,664 | -557 | -3,284 | -13,137 | -5,780 | -13,128 | -12,442 | -4,011 | -3,858 | -5,140 | -6,198 |
| Loss (gain) on change in equity | - | - | -1,456 | -3,092 | -768 | - | 178 | -11,413 | -180 | - | 85 | 71 |
| Loss (gain) on valuation of investment securities | 384 | - | 303 | 462 | 51 | 68 | 526 | 8,114 | 1,738 | 734 | 2,215 | 232 |
| Impairment losses | 4,571 | 5,942 | 3,736 | 1,728 | 430 | - | - | 1,283 | 9,394 | 488 | - | 3,799 |
| Decrease (increase) in cash segregated as deposits for customers | -39,756 | -16,073 | -40,130 | 13,873 | -34,302 | -10,386 | 15,198 | -81,003 | -50,304 | -47,224 | -22,434 | -12,238 |
| Decrease (increase) in trading products - assets (liabilities) | -813,967 | 2,495,242 | -214,028 | 150,712 | 103,442 | 420,402 | -580,698 | -440,089 | -41,577 | -368,926 | 1,517,792 | 823,205 |
| Decrease (increase) in operational investment securities | 18,191 | 5,080 | -12,199 | 18,329 | 2,388 | 5,275 | 7,199 | -101,485 | -8,691 | -23,820 | 1,400 | -10,540 |
| Decrease (increase) in operating loans receivable | -62,911 | -65,573 | -49,502 | -146,319 | -222,215 | -787,757 | -121,875 | -208,450 | -221,448 | 69,680 | -75,250 | -697,799 |
| Decrease/increase in margin transaction assets/liabilities | -62,645 | -76,410 | 26,370 | 36,930 | 6,967 | -51,465 | 86,566 | 49,924 | -42,928 | -9,026 | -387 | 3,249 |
| Decrease/increase in loans/borrowings secured by securities | 1,852,476 | -1,946,345 | 356,167 | -147,485 | 65,627 | -1,426,684 | 694,017 | 534,755 | 219,893 | 310,365 | -1,514,593 | -300,962 |
| Decrease (increase) in short-term loans receivable | -9,705 | 10,124 | 5 | 132 | -42 | -44 | 31 | 79 | 31 | 21 | -27 | -290 |
| Increase (decrease) in deposits for banking business | 621,849 | 405,953 | 547,961 | 182,949 | 57,103 | 402,710 | 244,131 | 404,625 | 378,895 | -226,991 | -256,343 | 578,841 |
| Decrease (increase) in short-term guarantee deposits | - | - | - | -85,844 | 25,270 | 7,748 | -98,004 | -230,468 | 127,848 | -93,978 | -41,345 | -6,535 |
| Increase (decrease) in guarantee deposits received | - | - | - | 8,606 | -93,845 | 1,915 | -47,350 | 42,485 | -48,841 | -19,173 | 84,214 | 91,589 |
| Increase (decrease) in deposits received | 31,920 | 11,583 | 65,839 | -33,519 | 48,937 | -126 | 22,206 | 80,222 | 63,121 | 30,857 | -31,975 | 125,091 |
| Other, net | 132,316 | 79,357 | -107,243 | 27,191 | -5,472 | -6,204 | -8,833 | 31,146 | -119,354 | -113,687 | 54,127 | -92,856 |
| Subtotal | 1,789,380 | 1,122,426 | 778,386 | 209,071 | 107,658 | -1,276,886 | 314,340 | 176,916 | 401,821 | -316,380 | -164,109 | 710,631 |
| Interest and dividends received | 4,274 | 6,352 | 6,822 | 7,906 | 10,585 | 10,462 | 11,303 | 12,381 | 11,661 | 7,897 | 8,079 | 11,072 |
| Interest paid | -1,584 | -1,386 | -1,444 | -399 | -42 | -31 | -27 | -269 | -615 | -2,875 | -2,199 | -2,013 |
| Income taxes refund (paid) | 2,950 | -3,798 | -57,797 | 5,167 | -73,657 | -52,793 | -20,759 | -21,838 | -21,888 | -42,108 | -25,515 | -14,566 |
| Net cash provided by (used in) operating activities | 1,795,021 | 1,123,594 | 725,966 | 221,746 | 44,543 | -1,319,248 | 304,857 | 167,190 | 390,979 | -353,467 | -183,745 | 705,124 |
| Payments into time deposits | -76,666 | -10,995 | -11,660 | -124,161 | -100,112 | -82,080 | -51,478 | -44,579 | -64,698 | -60,494 | -60,060 | -83,655 |
| Proceeds from withdrawal of time deposits | 6,093 | 42,146 | 4,560 | 119,008 | 108,290 | 99,167 | 64,157 | 43,883 | 58,018 | 61,197 | 69,862 | 73,481 |
| Purchase of securities | -1,629,213 | -921,908 | -802,354 | -813,080 | -871,555 | -1,034,742 | -861,315 | -517,970 | -623,456 | -1,117,496 | -567,453 | -726,288 |
| Proceeds from sale and redemption of securities | 921,818 | 484,345 | 862,564 | 1,326,499 | 1,195,447 | 1,874,636 | 1,067,277 | 489,804 | 570,283 | 996,100 | 614,968 | 563,565 |
| Purchase of property, plant and equipment | -19,143 | -35,387 | -60,967 | -46,761 | -8,707 | -7,707 | -49,968 | -21,799 | -29,329 | -62,564 | -47,702 | -27,781 |
| Proceeds from sale of property, plant and equipment | 386 | 196 | 24,244 | 149 | 129 | 1,094 | 873 | 13,173 | 4,665 | 11,056 | 28,575 | 19,063 |
| Purchase of intangible assets | -14,317 | -24,355 | -24,807 | -30,113 | -31,322 | -31,753 | -36,762 | -36,174 | -29,271 | -23,023 | -33,546 | -36,714 |
| Purchase of investment securities | -12,004 | -9,673 | -6,829 | -32,364 | -15,070 | -35,600 | -53,667 | -141,453 | -53,674 | -36,123 | -23,555 | -25,361 |
| Proceeds from sale and redemption of investment securities | 19,094 | 24,617 | 7,318 | 17,338 | 32,512 | 17,270 | 42,017 | 35,488 | 105,641 | 17,681 | 40,022 | 38,104 |
| Purchase of shares of subsidiaries and associates | -3,542 | -71 | -2,257 | -1,279 | -4,083 | -16,894 | -11,397 | -41,179 | -28,925 | -15,064 | -12,140 | -10,993 |
| Loan advances | -8,257 | -2,712 | -3,261 | -1,682 | -524 | -49 | -591 | -437 | -595 | -533 | -468 | -396 |
| Proceeds from collection of loans receivable | 8,886 | 2,330 | 649 | 1,687 | 526 | 48 | 25 | 34 | 76 | 227 | 107 | 171 |
| Other, net | -89 | 2,973 | -464 | 356 | -607 | -1,009 | 64 | -1,553 | -374 | 4,577 | -1,152 | -7,182 |
| Net cash provided by (used in) investing activities | -798,491 | -448,493 | -13,265 | 415,647 | 307,713 | 777,872 | 108,243 | -215,397 | -91,641 | -218,534 | 7,457 | -223,986 |
| Net increase (decrease) in short-term borrowings | -817,727 | -132,314 | 296,388 | -499,955 | 60,762 | 277,128 | 30,828 | 51,079 | 419,571 | 264,984 | -428,321 | -32,234 |
| Proceeds from long-term borrowings | 215,400 | 331,529 | 377,966 | 468,258 | 374,719 | 303,055 | 335,200 | 148,629 | 277,190 | 100,500 | 589,550 | 636,083 |
| Repayments of long-term borrowings | -205,669 | -174,224 | -254,596 | -161,402 | -299,625 | -149,284 | -116,600 | -383,899 | -320,854 | -115,433 | -424,580 | -131,651 |
| Proceeds from issuance of bonds | 198,455 | 496,034 | 406,650 | 422,967 | 395,705 | 480,614 | 284,962 | 420,195 | 690,484 | 810,707 | 350,861 | 335,871 |
| Redemption of bonds | -292,554 | -446,018 | -449,965 | -414,540 | -334,206 | -393,429 | -318,236 | -314,070 | -601,407 | -585,157 | -582,999 | -701,851 |
| Proceeds from sale of treasury shares | 2,951 | 3,369 | 4,409 | 9,130 | 1,315 | 1,403 | 713 | 622 | 1,086 | 1,817 | 803 | 9,446 |
| Purchase of treasury shares | -11 | -78 | -48 | -18,633 | -13,086 | -43,128 | -34,819 | -25,102 | -9 | -29,297 | -19,733 | -60,012 |
| Dividends paid | -10,281 | -49,698 | -53,141 | -56,664 | -42,326 | -43,499 | -43,575 | -31,164 | -30,429 | -63,790 | -39,905 | -44,746 |
| Dividends paid to non-controlling interests | - | - | - | - | - | - | - | - | -2,050 | -10,533 | -10,622 | -10,609 |
| Other, net | -24 | -3,014 | -5,270 | -2,331 | -26 | -44 | -34 | -2,083 | -3,293 | 3,293 | -931 | -3,142 |
| Net cash provided by (used in) financing activities | -909,461 | 25,584 | 343,385 | -229,727 | 143,231 | 432,813 | 55,741 | -135,794 | 438,067 | 377,090 | -565,878 | -2,847 |
| Effect of exchange rate change on cash and cash equivalents | 9,944 | 9,879 | 17,762 | -7,495 | -1,836 | -5,046 | 4,425 | -4,950 | 6,796 | 25,760 | 23,349 | 38,101 |
| Net increase (decrease) in cash and cash equivalents | 97,012 | 710,564 | 1,073,849 | 400,170 | 493,651 | -113,608 | 473,267 | -188,952 | 744,201 | -169,150 | -718,816 | 516,392 |