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Daiwa Securities Group Inc. (8601.T)

JPY1,768.50 +29.00 (+1.67%)
JP JPX Financial Services Financial - Capital Markets
Address GranTokyo North Tower 100-6751
Tokyo, JP
CEO Akihiko Ogino
IPO 2000-01-04
ISIN JP3502200003

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Also trades on Other OTC · DSECF (USD) Other OTC · DSEEY (USD) Tokyo Stock Exchange · 8601.T (JPY)
Description

Daiwa Securities Group Inc. functions as a prominent securities broker-dealer with operations spanning Japan and international markets. The company structures its diverse financial activities into four primary segments: Retail, Wholesale, Asset Management, and Investment. Its service portfolio encompasses brokerage, proprietary trading, securities underwriting, strategic financial consulting, product development, and structured finance solutions. The Retail division addresses individual clients through a network of 177 physical branches and sales offices, alongside digital channels such as its online platform and call center for remote engagement. For institutional and corporate clients, the Wholesale segment provides sales and trading services across equities, bonds, foreign exchange, and derivative products, in addition to comprehensive investment banking offerings like M&A advisory and securities underwriting. The Asset Management segment specializes in establishing and managing investment trusts for both individual and institutional investors, offering expert investment guidance and active asset management. Through its Investment division, Daiwa directly deploys capital in areas including lending, private equity, real estate, and strategic ventures in energy, infrastructure, and natural resources. Furthermore, the company extends its services to include research, consulting, information systems management, banking, insurance, wrap accounts, and inheritance planning support, alongside engaging in general securities-related activities, investment advisory and agency roles, investment management, and real estate lending and borrowing. Established in 1902 as Daiwa Securities Co. Ltd., the firm was rebranded as Daiwa Securities Group Inc. in 1999 and maintains its headquarters in Tokyo, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,768.50 +29.00 (+1.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
0.51
Float Shares
1.07B
Free Float %
77.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.94% +0.81% +2.25% -8.84% +15.91% +7.72% +53.25% +136.67% +138.25% +133.54% -12.66%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,768.50
DCF (Unlevered) 14,375.86 +712.9%
DCF (Levered) 4,311.55 +143.8%
Ratings Trend (MoM) 13% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 6 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.74
Distress
Piotroski F-Score
9 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Capital Markets: +12.8%
    +7.1% Q1'26: +13.4% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +28.4%
    +28.4% Q1'26: +72.6% (vs Q1'25)
  • FCF margin Financial - Capital Markets: +134.3%
    -38.7% Q1'26: +98.1% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +28.0%
    +16.2% Q1'26: +18.8% (vs Q1'25)
  • ROIC Financial - Capital Markets: +2.6%
    -1.3% Q1'26: -2.1% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    -1.1% Q1'26: -2.1% (vs Q1'25)
  • Debt / EBITDA Financial - Capital Markets: -0.09×
    20.14× Q1'26: 17.50× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.52) × ERP
WACC = 27% × Ke + 73% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 14,375.86 Current price: 1,768.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
7 EPS Ana.
Mar 2027
1 Rev. Ana.
7 EPS Ana.
Mar 2028
2 Rev. Ana.
8 EPS Ana.
Mar 2029
1 Rev. Ana.
3 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
659.95B
est: 534.48B (+23.5%)
656.99B
est: 644.04B (+2.0%)
629.63B
est: 473.10B (+33.1%)
718.38B
est: 676.47B (+6.2%)
733.71B
est: 482.00B (+52.2%)
684.73B
est: 669.76B (+2.2%)
580.18B
est: 615.90B (-5.8%)
623.33B
est: 644.45B (-3.3%)
871.23B
est: 539.65B (+61.4%)
1.28T
est: 773.51B (+66.0%)
1.37T
est: 626.44B (+119.5%)
692.63B
688.95B – 696.31B
+10.6% YoY
746.06B
736.75B – 755.37B
+7.7% YoY
779.60B
759.95B – 799.24B
+4.5% YoY
811.18B
801.06B – 821.30B
+4.1% YoY
799.92B
789.94B – 809.90B
-1.4% YoY
1.50T
1.48T – 1.52T
+87.3% YoY
EBITDA
216.02B
est: 122.52B (+76.3%)
201.69B
est: 147.63B (+36.6%)
168.96B
est: 108.45B (+55.8%)
185.16B
est: 155.07B (+19.4%)
127.20B
est: 110.49B (+15.1%)
123.73B
est: 153.53B (-19.4%)
187.70B
est: 141.18B (+32.9%)
189.69B
est: 147.73B (+28.4%)
144.62B
est: 123.70B (+16.9%)
229.38B
est: 163.36B (+40.4%)
267.84B
est: 132.30B (+102.4%)
146.28B
145.50B – 147.05B
+10.6% YoY
157.56B
155.60B – 159.53B
+7.7% YoY
164.64B
160.50B – 168.79B
+4.5% YoY
171.31B
169.18B – 173.45B
+4.1% YoY
168.94B
166.83B – 171.04B
-1.4% YoY
316.41B
312.46B – 320.36B
+87.3% YoY
EBIT
183.80B
est: 93.96B (+95.6%)
170.75B
est: 113.22B (+50.8%)
139.42B
est: 83.17B (+67.6%)
154.61B
est: 118.92B (+30.0%)
95.20B
est: 84.73B (+12.3%)
85.23B
est: 117.74B (-27.6%)
145.37B
est: 108.27B (+34.3%)
143.53B
est: 113.29B (+26.7%)
98.85B
est: 94.87B (+4.2%)
182.23B
est: 128.13B (+42.2%)
222.02B
est: 103.77B (+113.9%)
114.74B
114.13B – 115.34B
+10.6% YoY
123.59B
122.05B – 125.13B
+7.7% YoY
129.14B
125.89B – 132.40B
+4.5% YoY
134.37B
132.70B – 136.05B
+4.1% YoY
132.51B
130.86B – 134.16B
-1.4% YoY
248.18B
245.09B – 251.28B
+87.3% YoY
Net Income
148.49B
est: 121.77B (+21.9%)
116.85B
est: 98.36B (+18.8%)
104.07B
est: 87.72B (+18.6%)
110.58B
est: 93.57B (+18.2%)
63.81B
est: 57.78B (+10.4%)
60.35B
est: 56.69B (+6.4%)
108.40B
est: 74.44B (+45.6%)
94.89B
est: 92.52B (+2.6%)
63.88B
est: 66.56B (-4.0%)
121.56B
est: 121.84B (-0.2%)
154.37B
est: 149.08B (+3.5%)
175.28B
151.52B – 176.86B
+17.6% YoY
167.26B
160.85B – 183.01B
-4.6% YoY
174.41B
163.51B – 198.54B
+4.3% YoY
182.98B
180.90B – 185.06B
+4.9% YoY
189.24B
186.17B – 192.31B
+3.4% YoY
208.96B
205.57B – 212.35B
+10.4% YoY
SGA
est: 59.75B (-100.0%)
est: 72.00B (-100.0%)
est: 52.89B (-100.0%)
est: 75.62B (-100.0%)
est: 53.88B (-100.0%)
est: 74.87B (-100.0%)
est: 68.85B (-100.0%)
est: 72.04B (-100.0%)
est: 60.33B (-100.0%)
— – —
— – —
— – —
— – —
— – —
— – —
EPS
87.07
est: 84.92 (+2.5%)
68.25
est: 68.59 (-0.5%)
61.53
est: 61.17 (+0.6%)
66.88
est: 65.25 (+2.5%)
39.95
est: 40.29 (-0.9%)
39.11
est: 39.53 (-1.1%)
71.20
est: 51.91 (+37.2%)
63.06
est: 64.52 (-2.3%)
43.53
est: 46.41 (-6.2%)
84.94
est: 85.88 (-1.1%)
109.53
est: 105.59 (+3.7%)
119.68
107.32 – 125.26
+13.3% YoY
121.40
113.93 – 129.62
+1.4% YoY
126.17
115.81 – 140.62
+3.9% YoY
129.59
128.13 – 131.07
+2.7% YoY
134.03
131.86 – 136.21
+3.4% YoY
148.00
145.60 – 150.40
+10.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-28 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-27 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-26 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-25 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-22 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-21 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-20 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-19 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-18 B 3/5 5/5 3/5 3/5 1/5 2/5 2/5
2026-05-15 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-14 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-13 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-12 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-11 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-08 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-07 B 3/5 5/5 3/5 3/5 1/5 2/5 3/5
2026-05-01 B+ 3/5 5/5 3/5 3/5 1/5 3/5 3/5
2026-04-30 B+ 3/5 5/5 3/5 3/5 1/5 3/5 3/5
2026-04-28 B 3/5 3/5 3/5 3/5 1/5 3/5 3/5
2026-04-27 B 3/5 3/5 3/5 3/5 1/5 3/5 3/5
2026-04-24 B 3/5 3/5 3/5 3/5 1/5 3/5 3/5
2026-04-23 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-15 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-14 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-13 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
396.29B
OE per share TTM
286.43
Owner's Yield
19.06%
Maintenance CapEx ratio
58.54%
Maint CapEx / Avg PPE
85.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
18.35M
Shares Outstanding
1.39B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Akihiko Ogino Chief Executive Officer, President, Representative Corporate Executive Officer & Director 373M male
Seiji Nakata Corporate Executive Officer & Chairman 286M male
Shinsuke Niizuma Deputy President, Director, Corporate Executive Officer & Head of Securities and Asset Management 232M male
Keiko Tashiro Dy. Pres., Head of Asset Mgmt, Sus, Fin Edu, Sec Asset Mgmt, Corp. Ex Off. & Director 169M female
Eiji Sato COO, Corporate Executive Officer, Deputy President & Director 135M male
Hiroko Sakurai Deputy President, Corporate Executive Officer, Director & Head of Compliance 133M female
Junichi Serizawa Deputy President, Director & Head of Wealth Management Division 133M
Tsutomu Kobayashi Senior MD & Head of Alternative Asset Management 100M male
Kotaro Yoshida CFO, Corporate Executive Officer & Managing Executive Officer 100M male
Naoki Suzuki Senior Managing Director & Head of Overseas Operations male
Motoi Mishiba Head of IR Office
Masahiro Murase CIO, CDO, Executive Managing Director & Corporate Executive Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits