Daiwa Securities GroupDaiwa Securities Group Inc.8601東証プライム証券、商品先物取引業FY ending Mar 2026, consolidated, J-GAAP

Daiwa Securities Group FY ending Mar 2021 results

About 48% of Daiwa Securities Group's sales come from Wholesale, with Retail and Asset management making up much of the rest.

Out of every ¥100 of sales, about ¥16 is left as operating profit.

Revenue changed -14.3% from the prior year, operating profit +71.0%.

Revenue and profit pattern

Revenue down, profit up

Revenue -14.3% · profit +71.0%, calculated from disclosed figures.

Operating leverage: -4.97× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2020 → FY ending Mar 2021

Revenue
-14.3%¥672.3B → ¥576.2B
Operating income
+71.0%¥54.3B → ¥92.9B
Net income attributable to owners
+79.6%¥60.3B → ¥108.4B
Operating cash flow
+133.9%¥167.2B → ¥391B
Free cash flow
+204.3%¥109.2B → ¥332.4B

Where the money goes

FY ending Mar 2020 → FY ending Mar 2021

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Daiwa Securities Group sells, how much goes where, and how much is kept.

FY ending Mar 2021
Operating costs
¥84
Operating profit
¥16
Net profit kept
¥19

Annual margin trends

Operating margin16.1%
FY ending Mar 2020: 8.1%8.1%FY ending Mar 2021: 16.1%16.1%FY20FY21
Net margin18.8%
FY ending Mar 2020: 9.0%9.0%FY ending Mar 2021: 18.8%18.8%FY20FY21

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2021
  • Wholesale¥215.4B
    48%
    Op. margin 34.7%
  • Retail¥150.3B
    33%
    Op. margin 13.4%
  • Asset management¥65.2B
    14%
  • Other¥12.1B
    3%
    Op. margin -133.9%
  • Investment¥7.14B
    2%
    Op. margin 15.7%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (5)
  • EDINET (FSA Japan)

    有価証券報告書-第88期(2024/04/01-2025/03/31)

    ID S100VYQN2025-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第87期(2023/04/01-2024/03/31)

    ID S100TQDT2024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第86期(2022/04/01-2023/03/31)

    ID S100R8NC2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第85期(令和3年4月1日-令和4年3月31日)

    ID S100OL762022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(令和2年4月1日-令和3年3月31日)

    ID S100LLQZ2021-06-24Open

Extracted from XBRL: 54 / Derived from other figures: 2

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