Q3 2024 Daiwa Securities Group Inc Earnings Call Transcript
(interpreted) This is Eiji Sato, Senior Executive Managing Director of Daiwa Securities Group. Thank you very much for taking time out of your busy schedule today to attend our telephone conference. I will now explain our financial results for the third quarter of FY2023, which we announced today in accordance with the explanatory materials posted on our website.
Please turn to page 4. First, I will explain the summary of consolidated financial results. Presented figures represent changes from the second quarter of FY 2023. Net operating revenues for the third quarter of FY 2023 were JPY147.8 billion, up 2.5%, and ordinary income was JPY40.8 billion, up 0.1%. In the retail division, both revenue and income increased. They posted record high asset base revenues, thanks to increased sales of equity investment trusts and a high level of wrap account contract.
In the wholesale division, global markets reported lower revenues in both equities and FICC due to lower customer flows. Global
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