Daiwa Securities Group Inc. (TYO:8601)

Daiwa Securities Group Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Interest and Dividend Income	681,952	607,590	332,548	75,978	93,188
Total Interest Expense	606,930	-	-	-	-
Net Interest Income	75,022	607,590	332,548	75,978	93,188
Brokerage Commission	368,558	320,045	251,828	274,843	248,739
Trading & Principal Transactions	107,373	98,160	70,253	101,522	118,895
Underwriting & Investment Banking Fee	47,930	38,490	28,165	39,210	38,098
Gain on Sale of Investments (Rev)	12,360	14,381	3,692	6,048	4,808
Other Revenue	153,839	198,816	179,604	121,870	72,444
Revenue Before Loan Losses	765,082	1,277,482	866,090	619,471	576,172
Provision for Loan Losses	-	15	49	32	281
Revenue	765,082	1,277,467	866,041	619,439	575,891
Revenue Growth (YoY)	-40.11%	47.51%	39.81%	7.56%	-14.32%
Salaries & Employee Benefits	245,001	222,532	199,790	198,790	193,002
Cost of Services Provided	185,674	166,636	153,425	142,248	135,104
Other Operating Expenses	136,341	12,881	10,191	10,678	11,493
Total Operating Expenses	601,329	437,190	397,903	386,527	373,519
Operating Income	163,753	840,277	468,138	232,912	202,372
Currency Exchange Gains	1,857	-	-	-	-
Other Non-Operating Income (Expenses)	8,970	-670,518	-390,162	-105,195	-99,566
EBT Excluding Unusual Items	221,862	174,587	86,930	135,821	115,175
Merger & Restructuring Charges	-2,733	-	-	-	-
Asset Writedown	-3,838	-	-	-	-
Gain (Loss) on Sale of Investments	4,592	6,245	5,282	6,784	51,193
Other Unusual Items	-1,278	-11,867	-7,682	-985	-21,859
Pretax Income	219,025	179,996	96,765	141,665	144,566
Income Tax Expense	53,932	49,561	23,082	37,521	34,915
Earnings From Continuing Ops.	165,093	130,435	73,683	104,144	109,651
Minority Interest in Earnings	-10,725	-8,878	-9,808	-9,253	-1,255
Net Income	154,368	121,557	63,875	94,891	108,396
Net Income to Common	154,368	121,557	63,875	94,891	108,396
Net Income Growth	26.99%	90.31%	-32.69%	-12.46%	79.62%
Shares Outstanding (Basic)	1,409	1,431	1,467	1,505	1,522
Shares Outstanding (Diluted)	1,434	1,450	1,475	1,513	1,529
Shares Change (YoY)	-1.07%	-1.71%	-2.53%	-1.03%	-1.39%
EPS (Basic)	109.53	84.94	43.53	63.06	71.20
EPS (Diluted)	107.64	83.86	43.31	62.72	70.90
EPS Growth	28.36%	93.63%	-30.95%	-11.54%	82.17%
Free Cash Flow	-500,889	677,343	-231,447	-416,031	361,650
Free Cash Flow Per Share	-349.28	467.26	-156.93	-274.96	236.55
Dividend Per Share	56.000	44.000	23.000	33.000	36.000
Dividend Growth	27.27%	91.30%	-30.30%	-8.33%	80.00%
Operating Margin	21.40%	65.78%	54.05%	37.60%	35.14%
Profit Margin	20.18%	9.52%	7.38%	15.32%	18.82%
Free Cash Flow Margin	-65.47%	53.02%	-26.72%	-67.16%	62.80%
Effective Tax Rate	24.62%	27.53%	23.85%	26.49%	24.15%
Revenue as Reported	1,372,014	-	-	-	-

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