Q2 2023 Daiwa Securities Group Inc Earnings Call Transcript
My name is Sato from Daiwa Securities Group. Thank you. Welcome, and thank you very much for attending our conference today. I will discuss our fiscal year '22 second quarter earnings results announced today using the presentation material posted on our website.
Please turn to Page 4. First, let me provide you with a summary of our consolidated results. The percentage change is based on the comparison with FY '22 first quarter. FY '22 second quarter net operating revenue was JPY 110.9 billion, up 4.5% Q-on-Q. Ordinary income was JPY 14.8 billion, down 17.9% Q-on-Q.
Retail division secured ordinary income of JPY 6.1 billion, thanks to the transition to wealth management type of business model as well as the progress in the cost structure reform.
For Wholesale division, while global markets are weak, global investment banking improved. In addition, we booked extraordinary profit of JPY 11.2 billion. We securitized a portion of ownership of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
