Daiwa (JP:8601)
:8601
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
29.47Last Year’s EPS
22.2Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
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.Company Guidance
Quarterly Consolidated Results: Stable Revenue and Profit Growth
Net operating revenues were JPY 197.8 billion (+1.7% vs Q3 FY2025), profit attributable to owners was JPY 49.8 billion (+7.3% vs Q3), while ordinary income was JPY 67.0 billion (‑3.6% vs Q3). The firm maintained a high consolidated profit level despite a volatile market.
Base Profit and Midterm Plan Outperformance
FY2025 base profit (KPI for stable earnings) was JPY 182.7 billion, up 32.9% year-on-year, materially exceeding the JPY 150 billion target set for the final year of the medium-term management plan (achieved in year 2).
Record Shareholder Returns
Annual dividend set at a record-high JPY 64 per share (interim JPY 29 + year-end JPY 35), representing a dividend payout ratio of 50.8% and management commitment to a payout ratio of 50% or higher and an annual dividend floor of JPY 40.
Wealth Management: Record AUM, Contracts and Inflows
Wrap account AUM reached JPY 6.4046 trillion; new contracts JPY 386.2 billion and net inflows JPY 276.2 billion were all-time highs. Wrap-related revenues hit a record JPY 18.0 billion and asset-based revenues reached a new record JPY 33.4 billion. Wealth Management segment net operating revenues JPY 81.0 billion (+5.2%) and ordinary income JPY 33.1 billion (+12.1%).
Net Inflows and Balance-Based Revenue Momentum
Cumulative balance-based revenues for FY2025 rose to JPY 123.2 billion and net asset inflows totaled JPY 1.6342 trillion, indicating continued growth of a more stable, asset-based revenue base.
Global Markets Strong Performance
Global Markets net operating revenues JPY 51.3 billion (+13.4%) and ordinary income JPY 17.7 billion (+48.6%). Equities revenues rose ~6.2% and FICC revenues increased ~20% as the business captured customer flows amid high volatility.
Daiwa Next Bank: NII and Profit Expansion; Deposit Growth
Net interest income JPY 11.2 billion (+11.2%) and ordinary profit JPY 6.2 billion (+30.2%). Deposit balance surpassed JPY 5 trillion, supported by competitive deposit offers.
Asset Management AUM Records
Daiwa Asset Management publicly offered securities investment trust AUM topped a record JPY 37 trillion; Securities Asset Management net operating revenues JPY 19.7 billion (+5.9%) and ordinary income JPY 11.4 billion (+11.6%).
Strategic Acquisition with Potential Material Upside
Agreement to acquire ORIX Bank for JPY 370 billion (to be funded from own funds) and future merger planned. Management estimates potential synergy of JPY 2 trillion in deposit accumulation over 5 years, JPY 3.5 trillion planned lending/investment, and with a 1% margin improvement a potential JPY 35 billion increase in net interest income. ORIX Bank 5-year average ordinary income ~JPY 30 billion and net income ~JPY 20 billion.
JP:8601 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
JP:8601 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | ¥1505.00 | ¥1516.50 | +0.76% |
Feb 02, 2026 | ¥1489.20 | ¥1433.73 | -3.72% |
Nov 04, 2025 | ¥1178.18 | ¥1223.25 | +3.83% |
Jul 30, 2025 | ¥1010.14 | ¥1018.85 | +0.86% |
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.
FAQ
When does Daiwa (JP:8601) report earnings?
Daiwa (JP:8601) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Daiwa (JP:8601) earnings time?
Daiwa (JP:8601) earnings time is at Aug 05, 2026, TBA (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 the P/E ratio of Daiwa stock?
The P/E ratio of Daiwa is N/A.
What is JP:8601 EPS forecast?
JP:8601 EPS forecast for the fiscal quarter 2026 (Q1) is 29.47.