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Daiwa (DSECF)
OTHER OTC:DSECF
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.14Last Year’s EPS
0.13Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 4.70%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong performance in asset-based revenue, overseas operations, and the investment division, but faced challenges in global markets, profit reduction, and wholesale division performance. Despite these challenges, the company shows resilience and potential for growth, particularly in the Retail Division.Company Guidance
During the third quarter of fiscal year 2023, Daiwa Securities Group Inc. reported net operating revenues of JPY 147.8 billion, a 2.5% increase from the previous quarter, and ordinary income of JPY 40.8 billion, reflecting a marginal 0.1% rise. However, profit attributable to owners of the parent company decreased by 4.5% to JPY 28.4 billion, leading to an annualized ROE of 7.7%. The Retail Division saw a 1% increase in net operating revenues to JPY 49.8 billion, with ordinary income rising 4.6% to JPY 12.5 billion, driven by high wrap account contracts and investment trust sales. Meanwhile, the Wholesale Division experienced an 8.6% decline in net operating revenues, totaling JPY 33.7 billion, and a 44.4% drop in ordinary income to JPY 5 billion, attributed to reduced customer flows and interest rate hikes. The Asset Management Division reported a 3.3% increase in net operating revenues, reaching JPY 18.6 billion, and ordinary income rose by 0.8% to JPY 11.6 billion. The company noted strong performance in overseas operations, especially in the Americas and Europe, with a remarkable 67.1% increase in ordinary income to JPY 6.4 billion. The group continues to focus on improving its income structure's sustainability and diversity, with a strategic emphasis on wealth management and expanding its business portfolio. Looking ahead, Daiwa aims to achieve an ROE exceeding its 8% to 9% cost of capital by the end of the fiscal year and is optimistic about maintaining growth in its Retail and Wholesale Divisions under favorable market conditions.Record High Asset-Based Revenue in Retail Division
Daiwa Securities Group posted record high asset-based revenue in the Retail Division due to increased sales of equity investment trusts and a high level of wrap account contracts.
Positive Performance in Overseas Operations
Ordinary income from overseas operations was JPY 6.4 billion, up 67.1% from the previous quarter, driven by revenue growth in Europe and strong performance in the Americas.
Significant Increase in Investment Division Revenue
Net operating revenues in the Investment Division were JPY 8.3 billion, up 83.1%, with ordinary income up 12.8%.
Retail Division's Strong Start in January
In January, Retail Division's performance expanded significantly with an approximately 40% increase in income from equity transactions and investment trust sales compared to Q3.
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DSECF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DSECF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $6.59 | $6.78 | +2.88% |
| Aug 01, 2024 | $8.32 | $7.96 | -4.33% |
| Apr 25, 2024 | $7.38 | $7.24 | -1.90% |
| Jan 31, 2024 | $7.06 | $7.23 | +2.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Daiwa (DSECF) report earnings?
Daiwa (DSECF) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Daiwa (DSECF) earnings time?
Daiwa (DSECF) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DSECF EPS forecast?
DSECF EPS forecast for the fiscal quarter 2024 (Q3) is 0.14.
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