Daiwa Securities Group Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	4,758,424	3,756,732	4,398,616	3,866,819	4,592,384	4,763,197
Short-Term Investments	14,577,697	12,047,896	9,682,604	7,392,601	5,850,448	5,550,328
Trading Asset Securities	11,358,441	8,327,538	7,534,999	7,625,713	8,004,920	7,834,093
Accounts Receivable	162,115	695,770	139,748	144,753	162,967	147,676
Other Receivables	2,853,249	6,803,563	6,051,588	3,576,919	5,084,662	4,426,815
Property, Plant & Equipment	967,656	942,230	921,183	916,874	913,880	880,479
Goodwill	15,716	15,622	17,139	18,526	19,657	21,229
Other Intangible Assets	133,857	121,776	110,463	107,045	101,825	107,557
Investments in Debt & Equity Securities	2,835,946	2,331,494	2,058,793	1,727,114	1,752,483	1,501,536
Other Current Assets	880,574	950,389	1,082,222	1,006,750	1,012,671	831,018
Long-Term Deferred Tax Assets	6,917	7,889	6,825	7,840	11,992	11,397
Other Long-Term Assets	43,131	23,447	23,119	22,294	23,200	24,005
Total Assets	38,595,380	36,024,346	32,027,299	26,413,248	27,531,089	26,099,330
Accounts Payable	12,047	2,466	4,769	3,818	5,327	4,140
Accrued Expenses	33,611	48,644	1,500,355	1,189,118	585,992	1,356,595
Short-Term Debt	21,517,393	17,582,833	13,571,595	9,968,786	12,182,239	10,053,156
Other Current Liabilities	11,546,959	13,032,732	11,677,915	10,408,878	10,163,067	9,787,499
Long-Term Debt	2,868,716	3,255,119	3,297,124	3,011,528	2,800,679	3,144,246
Long-Term Deferred Tax Liabilities	63,795	45,403	45,616	42,280	42,241	43,176
Other Long-Term Liabilities	62,044	62,000	54,637	58,368	58,771	55,944
Total Liabilities	36,605,603	34,101,060	30,238,642	24,737,760	25,891,201	24,507,491
Common Stock	247,397	247,397	247,397	247,397	247,397	247,397
Additional Paid-In Capital	266,758	266,290	232,461	230,274	230,451	230,651
Retained Earnings	1,086,540	1,041,490	961,438	886,160	942,793	911,742
Comprehensive Income & Other	265,251	204,044	210,999	124,324	95,951	60,550
Total Common Equity	1,712,733	1,646,082	1,529,142	1,416,633	1,382,391	1,342,694
Minority Interest	277,044	277,204	259,515	258,855	257,497	249,145
Shareholders' Equity	1,989,777	1,923,286	1,788,657	1,675,488	1,639,888	1,591,839
Total Liabilities & Equity	38,595,380	36,024,346	32,027,299	26,413,248	27,531,089	26,099,330
Total Debt	24,818,772	20,837,952	16,868,719	12,980,314	14,982,918	13,197,402
Net Cash (Debt)	5,875,790	3,294,214	4,747,500	5,904,819	3,464,834	4,950,216
Net Cash Growth	10.84%	-30.61%	-19.60%	70.42%	-30.01%	-13.70%
Net Cash Per Share	4142.53	2297.12	3275.00	4003.79	2289.97	3237.85
Filing Date Shares Outstanding	1,381	1,415	1,403	1,453	1,483	1,524
Total Common Shares Outstanding	1,381	1,415	1,403	1,453	1,483	1,524
Working Capital	1,025,180	1,886,489	2,092,227	2,032,280	1,762,778	2,333,775
Book Value Per Share	1240.10	1163.33	1089.67	974.98	931.97	881.11
Tangible Book Value	1,563,160	1,508,684	1,401,540	1,291,062	1,260,909	1,213,908
Tangible Book Value Per Share	1131.80	1066.23	998.74	888.56	850.07	796.60

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.