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Daiwa (JP:8601)
:8601
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Daiwa (8601) Price & Analysis

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8601 Stock Chart & Stats

¥1473.00
-¥19.00(-1.80%)
At close: 4:00 PM EST
¥1473.00
-¥19.00(-1.80%)

Bulls Say, Bears Say

Bulls Say
Wealth Management Inflows And Stable Fee MixLarge, record wealth-management inflows and rising asset-based revenues shift Daiwa toward recurring, fee‑based income. This improves revenue stability and fixed‑cost coverage (asset‑based revenue covers 120% of fixed costs), reducing reliance on volatile trading and deal fees over the medium term.
Scale In Asset Management AUMRecord JPY 37tn AUM provides durable recurring management fees and economies of scale. Large AUM supports margin resilience in asset management, enhances cross‑sell opportunities into wealth channels, and anchors a stable earnings base less tied to capital‑markets volatility.
Improving Profitability And Execution Vs TargetsBeating the medium‑term base profit target early signals disciplined execution and operational leverage. Combined with rising net income and improving ROE trends, this indicates a sustainably stronger earnings profile if management preserves cost control and the shift toward fee and NII contributions continues.
Bears Say
Elevated Financial LeverageHigh and rising leverage constrains financial flexibility and amplifies downside risk in stressed markets. It limits room for organic capital return or equity issuance alternatives, increases refinancing and interest burden sensitivity, and makes capital ratio impacts from acquisitions more acute.
Inconsistent Cash GenerationVolatile and inconsistent cash conversion history reduces confidence in free cash flow durability. The 2025 zero/unclear print creates uncertainty for funding dividends, buybacks or acquisitions and complicates stress testing for capital plans like the bank acquisition over the next 2–5 quarters.
Acquisition-driven Capital And Execution RiskThe ORIX Bank deal materially alters Daiwa's capital structure, eroding CET1 buffer by ~5ppt and forcing potential AT1 issuance. Goodwill amortization uncertainty and sizable integration execution are structural risks that could dilute ROE, raise funding costs and compress reported earnings for several years.

Daiwa News

8601 FAQ

What was Daiwa’s price range in the past 12 months?
Daiwa lowest stock price was ¥991.30 and its highest was ¥1686.50 in the past 12 months.
    What is Daiwa’s market cap?
    Daiwa’s market cap is ¥2.21T.
      When is Daiwa’s upcoming earnings report date?
      Daiwa’s upcoming earnings report date is Aug 03, 2026 which is in 32 days.
        How were Daiwa’s earnings last quarter?
        Daiwa released its earnings results on Apr 27, 2026. The company reported ¥35.99 earnings per share for the quarter, beating the consensus estimate of ¥30.212 by ¥5.778.
          Is Daiwa overvalued?
          According to Wall Street analysts Daiwa’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Daiwa pay dividends?
            Daiwa pays a Semiannually dividend of ¥35 which represents an annual dividend yield of 4.13%. See more information on Daiwa dividends here
              What is Daiwa’s EPS estimate?
              Daiwa’s EPS estimate is 32.08.
                How many shares outstanding does Daiwa have?
                Daiwa has 1,569,378,800 shares outstanding.
                  What happened to Daiwa’s price movement after its last earnings report?
                  Daiwa reported an EPS of ¥35.99 in its last earnings report, beating expectations of ¥30.212. Following the earnings report the stock price went up 0.764%.
                    Which hedge fund is a major shareholder of Daiwa?
                    Currently, no hedge funds are holding shares in JP:8601
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Daiwa

                      Daiwa Securities Group Inc. functions as a prominent securities broker-dealer with operations spanning Japan and international markets. The company structures its diverse financial activities into four primary segments: Retail, Wholesale, Asset Management, and Investment. Its service portfolio encompasses brokerage, proprietary trading, securities underwriting, strategic financial consulting, product development, and structured finance solutions. The Retail division addresses individual clients through a network of 177 physical branches and sales offices, alongside digital channels such as its online platform and call center for remote engagement. For institutional and corporate clients, the Wholesale segment provides sales and trading services across equities, bonds, foreign exchange, and derivative products, in addition to comprehensive investment banking offerings like M&A advisory and securities underwriting. The Asset Management segment specializes in establishing and managing investment trusts for both individual and institutional investors, offering expert investment guidance and active asset management. Through its Investment division, Daiwa directly deploys capital in areas including lending, private equity, real estate, and strategic ventures in energy, infrastructure, and natural resources. Furthermore, the company extends its services to include research, consulting, information systems management, banking, insurance, wrap accounts, and inheritance planning support, alongside engaging in general securities-related activities, investment advisory and agency roles, investment management, and real estate lending and borrowing. Established in 1902 as Daiwa Securities Co. Ltd., the firm was rebranded as Daiwa Securities Group Inc. in 1999 and maintains its headquarters in Tokyo, Japan.

                      Daiwa (8601) Earnings & Revenues

                      8601 Company Deck

                      8601 Earnings Call

                      Q4 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call highlighted multiple material achievements: strong base profit growth (+32.9% YoY), record dividend and shareholder returns, record levels and inflows in Wealth Management (wrap AUM, new contracts, asset-based revenues), robust Global Markets performance (equities and FICC), Daiwa Next Bank NII/profit expansion and record Asset Management AUM. Key strategic upside from the ORIX Bank acquisition was presented with quantified synergy scenarios (potential JPY 35 billion NII uplift), though the deal introduces capital ratio pressure, potential goodwill amortization, and execution risk. Notable negatives include a sharp decline in Global Investment Banking ordinary income (‑60.5%), losses in Alternative Asset Management, declines in real estate segment results, higher SG&A, and overseas profit weakness in the Americas. On balance, the positive operational momentum, record base profit and successful execution against the midterm plan significantly outweigh the setbacks, while the acquisition risk and one-off impairments are manageable if integration and synergy assumptions hold.View all JP:8601 earnings summaries
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