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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Daiwa Securities Group
Daiwa Securities Group (8601) investor relations material
Daiwa Securities Group Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary30 Oct, 2026
Executive summary
1H FY2026 ordinary income reached a record ¥166.4bn, up 69.9% YoY; profit attributable to owners rose 36.6% to ¥107.8bn, on net operating revenue of ¥444.3bn, up 35.5%.
2Q net operating revenues were ¥223.9bn, up 1.6% QoQ; ordinary income was ¥78.3bn, down 11.2%, and profit attributable to owners was ¥51.4bn, down 8.8%.
1H base income rose 60.2% YoY to ¥125.2bn, exceeding 80% of the ¥150bn Mid-Term Plan target.
Financial highlights
1H operating revenues were ¥865.454bn, up 23.3% YoY; operating income rose 72.5% to ¥148.427bn.
1H commissions rose to ¥281.158bn from ¥218.698bn; financial revenue was ¥381.901bn and net trading income ¥62.123bn.
2Q commissions received were ¥137.7bn, down 4.0% QoQ; brokerage commissions fell 24.4%, underwriting commissions 31.2%, and M&A commissions rose 20.5%.
1H SG&A increased 22.3% YoY to ¥295.9bn; 2Q expenses rose 7.1% QoQ, partly reflecting ORIX Bank consolidation and higher personnel, office, trading and depreciation costs.
1H extraordinary income was ¥4.2bn, down 81.4% YoY; income before taxes rose 41.6% to ¥170.5bn.
Outlook and guidance
Consolidated FY2026 operating forecasts were not disclosed because securities-related performance is significantly influenced by economic and market conditions.
Wealth Management continued to perform well from October; Global Markets activity slowed versus 2Q, while Global Investment Banking continued building its deal pipeline.
Strategy prioritizes Wealth Management growth, deeper client relationships, Asset Management AUM expansion and opportunities as primary and secondary markets become more active.
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Latest events from Daiwa Securities Group
- FY2023 profit surged, while market dependence prevented FY2024 guidance.8601
Q4 2024 - Strong revenue and profit growth, record asset inflows, and ORIX Bank acquisition highlight Q1 FY2026.8601Q1 2027
- Acquisition creates a ¥9 trillion-asset bank, targeting synergy and sustainable growth.8601Acquisition presentation
- Record profits and revenue growth, with ORIX Bank acquisition to boost future synergies.8601Q4 2026
- Record revenues and net income, 28.4% QoQ ordinary income growth, and 11% ROE.8601Q3 2026
- Strong revenue and profit growth, record asset levels, but no forward guidance issued.8601Q2 2026
- Net revenue and profit rose year-over-year, led by record assets in Wealth Management.8601Q1 2025
- Record revenues and profit for 1H FY2024, but comprehensive income declined on other items.8601Q2 2025
- Profit and revenue hit record highs, led by strong wealth and asset management growth.8601Q3 2025
Next Daiwa Securities Group earnings date
Q3 20271 Feb, 2027
Daiwa Securities Group
Next Daiwa Securities Group earnings date
Q3 20271 Feb, 2027
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Frequently asked questions
Daiwa Securities Group Inc. is a Japanese financial services company that provides a broad range of investment and financial solutions. Its offerings include securities brokerage, investment banking, asset management, and research services. The company serves individual and institutional clients, offering products such as equities, bonds, mutual funds, and structured financial instruments. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.