Daiwa Securities Group Inc. (TYO: 8601)

Daiwa Securities Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest and Dividend Income	665,397	607,590	332,548	75,978	93,188	258,122
Net Interest Income	665,397	607,590	332,548	75,978	93,188	258,122
Brokerage Commission	344,588	320,045	251,828	274,843	248,739	236,759
Trading & Principal Transactions	109,711	98,160	70,253	101,522	118,895	93,802
Underwriting & Investment Banking Fee	37,232	38,490	28,165	39,210	38,098	29,818
Gain on Sale of Investments (Rev)	14,988	14,381	3,692	6,048	4,808	14
Other Revenue	225,167	198,816	179,604	121,870	72,444	53,772
Revenue Before Loan Losses	1,397,083	1,277,482	866,090	619,471	576,172	672,287
Provision for Loan Losses	25	15	49	32	281	170
Revenue	1,397,058	1,277,467	866,041	619,439	575,891	672,117
Revenue Growth (YoY)	27.36%	47.51%	39.81%	7.56%	-14.32%	-6.72%
Salaries & Employee Benefits	235,535	222,532	199,790	198,790	193,002	184,032
Cost of Services Provided	176,198	166,636	153,425	142,248	135,104	146,426
Other Operating Expenses	13,948	12,881	10,191	10,678	11,493	10,529
Total Operating Expenses	460,758	437,190	397,903	386,527	373,519	371,800
Operating Income	936,300	840,277	468,138	232,912	202,372	300,317
Other Non-Operating Income (Expenses)	-760,950	-670,518	-390,162	-105,195	-99,566	-238,622
EBT Excluding Unusual Items	208,283	174,587	86,930	135,821	115,175	70,281
Gain (Loss) on Sale of Investments	4,000	6,245	5,282	6,784	51,193	17,084
Other Unusual Items	-15,721	-11,867	-7,682	-985	-21,859	-11,287
Pretax Income	207,564	179,996	96,765	141,665	144,566	84,827
Income Tax Expense	52,606	49,561	23,082	37,521	34,915	23,563
Earnings From Continuing Ops.	154,958	130,435	73,683	104,144	109,651	61,264
Minority Interest in Earnings	-9,121	-8,878	-9,808	-9,253	-1,255	-918
Net Income	145,837	121,557	63,875	94,891	108,396	60,346
Net Income to Common	145,837	121,557	63,875	94,891	108,396	60,346
Net Income Growth	69.73%	90.30%	-32.69%	-12.46%	79.62%	-5.43%
Shares Outstanding (Basic)	1,409	1,431	1,467	1,505	1,522	1,543
Shares Outstanding (Diluted)	1,436	1,450	1,475	1,513	1,529	1,550
Shares Change (YoY)	-1.75%	-1.71%	-2.53%	-1.03%	-1.39%	-3.50%
EPS (Basic)	103.48	84.94	43.53	63.06	71.20	39.11
EPS (Diluted)	101.58	83.86	43.31	62.72	70.90	38.92
EPS Growth	72.73%	93.63%	-30.95%	-11.54%	82.17%	-2.01%
Free Cash Flow	-329,969	677,343	-231,447	-416,031	361,650	145,391
Free Cash Flow Per Share	-229.84	467.26	-156.93	-274.96	236.55	93.78
Dividend Per Share	25.000	44.000	23.000	33.000	36.000	20.000
Dividend Growth	-19.35%	91.30%	-30.30%	-8.33%	80.00%	-4.76%
Operating Margin	67.02%	65.78%	54.05%	37.60%	35.14%	44.68%
Profit Margin	10.44%	9.52%	7.38%	15.32%	18.82%	8.98%
Free Cash Flow Margin	-23.62%	53.02%	-26.72%	-67.16%	62.80%	21.63%
Effective Tax Rate	25.34%	27.53%	23.85%	26.49%	24.15%	27.78%

Source: S&P Capital IQ. Capital Markets template. Financial Sources.