Daiwa Securities Group
Financial history
- Revenue · FYE Mar 2026
- ¥1.47tn
- Operating profit · FYE Mar 2026
- ¥207bn
- Net profit · FYE Mar 2026
- ¥175bn
- Total assets
- ¥38.1tn
- Equity ratio
- 4.6%
- Long-term series
- 1965–2026
Daiwa Securities Group: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)| Fiscal year | Unit | 1965 *1 FYE Sep | 1966 *1 FYE Sep | 1967 *1 FYE Sep | 1968 *1 FYE Sep | 1969 *1 FYE Sep | 1970 *1 FYE Sep | 1971 *1 FYE Sep | 1972 *1 FYE Sep | 1973 *1 FYE Sep | 1974 *1 FYE Sep | 1975 *2 FYE Sep | 1976 *2 FYE Sep | 1977 *2 FYE Sep | 1978 *2 FYE Sep | 1979 *2 FYE Sep | 1980 *2 FYE Sep | 1981 *2 FYE Sep | 1982 *2 FYE Sep | 1983 *2 FYE Sep | 1984 *2 FYE Sep | 1992 *2 FYE Mar | 1993 *2 FYE Mar | 1994 *2 FYE Mar | 1995 *2 FYE Mar | 1996 *2 FYE Mar | 1997 *2 FYE Mar | 1998 *2 FYE Mar | 1999 *2 FYE Mar | 2000 *2 FYE Mar | 2001 *2 FYE Mar | 2002 *3 FYE Mar | 2003 *3 FYE Mar | 2004 *3 FYE Mar | 2005 *3 FYE Mar | 2006 FYE Mar | 2007 FYE Mar | 2008 FYE Mar | 2009 *3 FYE Mar | 2010 *3 FYE Mar | 2011 *3 FYE Mar | 2012 *3 FYE Mar | 2013 *3 FYE Mar | 2014 *3 FYE Mar | 2015 *3 FYE Mar | 2016 *3 FYE Mar | 2017 *3 FYE Mar | 2018 *3 FYE Mar | 2019 *3 FYE Mar | 2020 *3 FYE Mar | 2021 *3 FYE Mar | 2022 *3 FYE Mar | 2023 *3 FYE Mar | 2024 *3 FYE Mar | 2025 *3 FYE Mar | 2026 *3 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥16bn | ¥21bn | ¥19bn | ¥26bn | ¥33bn | ¥36bn | ¥39bn | ¥57bn | ¥70bn | ¥47bn | ¥62bn | ¥80bn | ¥102bn | ¥112bn | ¥110bn | ¥121bn | ¥158bn | ¥145bn | ¥193bn | ¥248bn | ¥634bn | ¥463bn | ¥465bn | ¥384bn | ¥527bn | ¥583bn | ¥524bn | ¥355bn | ¥655bn | ¥718bn | ¥488bn | ¥388bn | ¥454bn | ¥519bn | ¥846bn | ¥917bn | ¥825bn | ¥414bn | ¥538bn | ¥403bn | ¥422bn | ¥525bn | ¥643bn | ¥659bn | ¥654bn | ¥616bn | ¥713bn | ¥721bn | ¥672bn | ¥576bn | ¥619bn | ¥866bn | ¥1.28tn | ¥1.37tn | ¥1.47tn |
| YoY | % | — | +36.3% | -10.7% | +36.1% | +26.9% | +9.7% | +8.0% | +45.5% | +23.6% | -33.6% | +32.5% | +29.9% | +26.9% | +10.1% | -2.0% | +9.9% | +30.9% | -8.6% | +33.3% | +28.6% | — | -27.0% | +0.5% | -17.4% | +37.4% | +10.5% | -10.1% | -32.2% | +84.4% | +9.7% | -32.0% | -20.6% | +17.0% | +14.4% | +62.9% | +8.5% | -10.0% | -49.9% | +30.0% | -25.1% | +4.8% | +24.4% | +22.3% | +2.6% | -0.8% | -5.7% | +15.6% | +1.1% | -6.7% | -14.3% | +7.5% | +39.8% | +47.5% | +7.4% | +7.0% |
| Operating profit | JPY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥95bn | -¥45bn | -¥24bn | ¥84bn | ¥185bn | ¥171bn | ¥150bn | ¥119bn | ¥135bn | ¥67bn | ¥54bn | ¥93bn | ¥116bn | ¥66bn | ¥154bn | ¥167bn | ¥207bn |
| YoY | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -147.6% | — | — | +120.3% | -7.5% | -12.0% | -20.8% | +13.4% | -50.2% | -19.3% | +71.1% | +24.3% | -42.6% | +131.8% | +8.5% | +24.4% |
| Ordinary profit | JPY | ¥0.5bn | ¥4.1bn | ¥1.3bn | ¥7.0bn | ¥9.1bn | ¥9.5bn | ¥11bn | ¥21bn | ¥24bn | ¥3.1bn | ¥10bn | ¥16bn | ¥28bn | ¥29bn | ¥26bn | ¥27bn | ¥42bn | ¥28bn | ¥53bn | ¥79bn | ¥20bn | -¥6.5bn | ¥58bn | -¥39bn | ¥69bn | ¥50bn | -¥13bn | -¥88bn | ¥224bn | ¥178bn | ¥26bn | ¥29bn | ¥96bn | ¥120bn | ¥261bn | ¥195bn | ¥90bn | -¥141bn | ¥103bn | -¥33bn | -¥12bn | ¥95bn | ¥197bn | ¥185bn | ¥165bn | ¥136bn | ¥156bn | ¥83bn | ¥70bn | ¥115bn | ¥136bn | ¥87bn | ¥175bn | ¥225bn | ¥235bn |
| Net profit | JPY | ¥0.1bn | ¥2.0bn | ¥1.2bn | ¥3.1bn | ¥4.1bn | ¥5.5bn | ¥5.7bn | ¥7.4bn | ¥12bn | ¥3.2bn | ¥4.2bn | ¥7.6bn | ¥14bn | ¥16bn | ¥15bn | ¥13bn | ¥20bn | ¥14bn | ¥21bn | ¥34bn | -¥43bn | -¥13bn | ¥29bn | -¥45bn | ¥47bn | -¥80bn | -¥84bn | -¥128bn | ¥105bn | ¥65bn | -¥131bn | -¥6.3bn | ¥43bn | ¥53bn | ¥140bn | ¥93bn | ¥46bn | -¥85bn | ¥43bn | -¥37bn | -¥39bn | ¥73bn | ¥169bn | ¥148bn | ¥117bn | ¥104bn | ¥111bn | ¥64bn | ¥60bn | ¥108bn | ¥95bn | ¥64bn | ¥122bn | ¥154bn | ¥175bn |
| YoY | % | — | +1900.0% | -40.0% | +158.3% | +32.3% | +34.1% | +3.6% | +29.8% | +66.2% | -74.0% | +31.3% | +81.0% | +84.2% | +17.1% | -10.4% | -15.0% | +56.8% | -30.6% | +55.1% | +63.0% | — | — | — | -252.9% | — | -269.9% | — | — | — | -38.7% | -302.0% | — | — | +23.7% | +165.5% | -33.7% | -49.9% | -283.2% | — | -185.9% | — | — | +132.4% | -12.4% | -21.3% | -11.0% | +6.3% | -42.3% | -5.5% | +79.6% | -12.5% | -32.7% | +90.4% | +27.0% | +13.6% |
| Operating margin | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 17.7% | -11.3% | -5.6% | 15.9% | 28.7% | 25.9% | 23.0% | 19.3% | 19.0% | 9.3% | 8.1% | 16.1% | 18.6% | 7.7% | 12.0% | 12.2% | 14.1% |
| Net margin | % | 0.6% | 9.3% | 6.3% | 11.9% | 12.4% | 15.2% | 14.6% | 13.0% | 17.5% | 6.9% | 6.8% | 9.5% | 13.7% | 14.6% | 13.4% | 10.3% | 12.4% | 9.4% | 10.9% | 13.9% | -6.7% | -2.9% | 6.3% | -11.6% | 8.9% | -13.7% | -16.0% | -36.0% | 16.1% | 9.0% | -26.7% | -1.6% | 9.4% | 10.1% | 16.5% | 10.1% | 5.6% | -20.5% | 8.1% | -9.3% | -9.3% | 13.9% | 26.4% | 22.5% | 17.9% | 16.9% | 15.5% | 8.9% | 9.0% | 18.8% | 15.3% | 7.4% | 9.5% | 11.2% | 11.9% |
- *1 Kaisha Nenkan (Company Yearbook), 1976 edition
- *2 Kaisha Nenkan (Company Yearbook)
- *3 Securities report
Cost structure Cost of sales SG&A Operating profit Operating margin
Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)
| Fiscal year | Unit | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥659bn | ¥654bn | ¥616bn | ¥713bn | ¥721bn | ¥672bn | ¥576bn | ¥619bn | ¥866bn | ¥1.28tn | ¥1.37tn | ¥1.47tn |
| YoY | % | — | -0.9% | -5.7% | +15.6% | +1.1% | -6.7% | -14.3% | +7.5% | +39.8% | +47.5% | +7.4% | +7.0% |
| Cost of sales | JPY | ¥80bn | ¥90bn | ¥99bn | ¥148bn | ¥242bn | ¥210bn | ¥54bn | ¥45bn | ¥268bn | ¥526bn | ¥604bn | ¥598bn |
| SG&A | JPY | ¥361bn | ¥365bn | ¥354bn | ¥370bn | ¥374bn | ¥372bn | ¥374bn | ¥387bn | ¥398bn | ¥437bn | ¥479bn | ¥513bn |
| Operating profit | JPY | ¥171bn | ¥150bn | ¥119bn | ¥135bn | ¥67bn | ¥54bn | ¥93bn | ¥116bn | ¥66bn | ¥154bn | ¥167bn | ¥207bn |
| YoY | % | — | -12.0% | -20.8% | +13.4% | -50.2% | -19.4% | +71.0% | +24.4% | -42.6% | +131.9% | +8.5% | +24.3% |
| Operating margin | % | 25.9% | 23.0% | 19.3% | 19.0% | 9.3% | 8.1% | 16.1% | 18.7% | 7.7% | 12.0% | 12.2% | 14.1% |
| Change | pp | — | -2.9pp | -3.7pp | -0.3pp | -9.7pp | -1.2pp | +8.0pp | +2.6pp | -11.0pp | +4.3pp | +0.2pp | +1.9pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Balance sheet Total assets Equity Interest-bearing debt Equity ratio
Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)
| Fiscal year | Unit | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | JPY | ¥14.2tn | ¥17.2tn | ¥16.8tn | ¥18.9tn | ¥19.0tn | ¥19.5tn | ¥23.0tn | ¥20.4tn | ¥19.8tn | ¥21.1tn | ¥21.1tn | ¥23.8tn | ¥26.1tn | ¥27.5tn | ¥26.4tn | ¥32.0tn | ¥36.0tn | ¥38.1tn |
| YoY | % | — | +21.0% | -1.8% | +12.4% | +0.7% | +2.3% | +18.1% | -11.2% | -2.9% | +6.6% | 0.0% | +12.8% | +9.6% | +5.5% | -4.1% | +21.3% | +12.5% | +5.7% |
| Equity | JPY | ¥952bn | ¥926bn | ¥834bn | ¥952bn | ¥1.08tn | ¥1.25tn | ¥1.25tn | ¥1.23tn | ¥1.26tn | ¥1.28tn | ¥1.25tn | ¥1.22tn | ¥1.34tn | ¥1.38tn | ¥1.42tn | ¥1.53tn | ¥1.65tn | ¥1.77tn |
| YoY | % | — | -2.7% | -10.0% | +14.1% | +13.8% | +15.8% | -0.5% | -1.4% | +2.5% | +1.8% | -2.2% | -2.7% | +10.2% | +3.0% | +2.5% | +7.9% | +7.6% | +7.5% |
| Interest-bearing debt | JPY | — | ¥5.94tn | ¥5.14tn | ¥3.70tn | ¥3.31tn | ¥2.90tn | ¥1.96tn | ¥1.83tn | ¥2.10tn | ¥2.42tn | ¥2.68tn | ¥2.46tn | ¥3.00tn | ¥3.39tn | ¥3.00tn | ¥3.29tn | ¥3.45tn | ¥3.88tn |
| Equity ratio | % | 6.7% | 5.4% | 5.0% | 5.0% | 5.7% | 6.4% | 5.4% | 6.0% | 6.4% | 6.1% | 5.9% | 5.1% | 5.1% | 5.0% | 5.4% | 4.8% | 4.6% | 4.6% |
| Change | pp | — | -1.3pp | -0.4pp | 0.0pp | +0.7pp | +0.7pp | -1.0pp | +0.6pp | +0.4pp | -0.3pp | -0.2pp | -0.8pp | 0.0pp | -0.1pp | +0.4pp | -0.6pp | -0.2pp | 0.0pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Cash flow Operating CF Investing CF Financing CF
Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)
| Fiscal year | Unit | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | JPY | ¥1.52tn | -¥3.26tn | ¥1.68tn | ¥2.03tn | ¥1.80tn | ¥1.12tn | ¥726bn | ¥222bn | ¥45bn | -¥1.32tn | ¥305bn | ¥167bn | ¥391bn | -¥353bn | -¥184bn | ¥705bn | -¥454bn | ¥439bn |
| YoY | % | — | -314.6% | — | +21.2% | -11.7% | -37.4% | -35.4% | -69.5% | -79.9% | -3061.7% | — | -45.2% | +133.9% | -190.4% | — | — | -164.4% | — |
| Investing CF | JPY | ¥9.4bn | -¥237bn | -¥79bn | -¥973bn | -¥798bn | -¥448bn | -¥13bn | ¥416bn | ¥308bn | ¥778bn | ¥108bn | -¥215bn | -¥92bn | -¥219bn | ¥7.5bn | -¥224bn | -¥353bn | -¥584bn |
| Financing CF | JPY | -¥1.46tn | ¥3.84tn | -¥1.30tn | -¥1.06tn | -¥909bn | ¥26bn | ¥343bn | -¥230bn | ¥143bn | ¥433bn | ¥56bn | -¥136bn | ¥438bn | ¥377bn | -¥566bn | -¥2.8bn | ¥199bn | ¥199bn |
| Cash & equivalents | JPY | ¥416bn | ¥754bn | ¥1.04tn | ¥1.04tn | ¥1.14tn | ¥1.85tn | ¥2.92tn | ¥3.27tn | ¥3.77tn | ¥3.65tn | ¥4.12tn | ¥3.93tn | ¥4.72tn | ¥4.55tn | ¥3.84tn | ¥4.35tn | ¥3.74tn | ¥3.77tn |
| YoY | % | — | +81.4% | +38.4% | -0.4% | +9.3% | +62.5% | +58.2% | +12.1% | +15.0% | -3.0% | +12.8% | -4.6% | +20.1% | -3.6% | -15.8% | +13.5% | -14.1% | +0.9% |
- *1 Securities report (yuka shoken hokokusho), as filed
Key ratios Operating margin Net margin ROE Equity ratio
Profitability and balance-sheet strength (%). ROE uses year-end equity.
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | % | — | — | — | — | — | — | — | — | 17.7% | -11.3% | -5.6% | 16.0% | 28.7% | 25.9% | 23.0% | 19.3% | 19.0% | 9.3% | 8.1% | 16.1% | 18.7% | 7.7% | 12.0% | 12.2% | 14.1% |
| Change | pp | — | — | — | — | — | — | — | — | — | -29.0pp | +5.7pp | +21.6pp | +12.7pp | -2.8pp | -2.9pp | -3.7pp | -0.3pp | -9.7pp | -1.2pp | +8.0pp | +2.6pp | -11.0pp | +4.3pp | +0.2pp | +1.9pp |
| Net margin | % | -26.7% | -1.6% | 9.4% | 10.1% | 16.5% | 10.1% | 5.6% | -20.5% | 8.1% | -9.3% | -9.3% | 13.9% | 26.4% | 22.5% | 17.9% | 16.9% | 15.5% | 8.9% | 9.0% | 18.8% | 15.3% | 7.4% | 9.5% | 11.3% | 11.9% |
| Change | pp | — | +25.1pp | +11.0pp | +0.7pp | +6.4pp | -6.4pp | -4.5pp | -26.1pp | +28.6pp | -17.4pp | 0.0pp | +23.2pp | +12.5pp | -3.9pp | -4.6pp | -1.0pp | -1.4pp | -6.6pp | +0.1pp | +9.8pp | -3.5pp | -7.9pp | +2.1pp | +1.8pp | +0.6pp |
| ROE | % | — | — | — | — | — | — | — | -8.9% | 4.7% | -4.5% | -4.1% | 6.7% | 13.5% | 11.9% | 9.5% | 8.3% | 8.6% | 5.1% | 5.0% | 8.1% | 6.9% | 4.5% | 7.9% | 9.4% | 9.9% |
| Change | pp | — | — | — | — | — | — | — | — | +13.6pp | -9.2pp | +0.4pp | +10.8pp | +6.8pp | -1.6pp | -2.4pp | -1.2pp | +0.3pp | -3.5pp | -0.1pp | +3.1pp | -1.2pp | -2.4pp | +3.4pp | +1.5pp | +0.5pp |
| Equity ratio | % | — | — | — | — | — | — | — | 6.7% | 5.4% | 5.0% | 5.0% | 5.7% | 6.4% | 5.4% | 6.0% | 6.4% | 6.1% | 5.9% | 5.1% | 5.1% | 5.0% | 5.4% | 4.8% | 4.6% | 4.6% |
| Change | pp | — | — | — | — | — | — | — | — | -1.3pp | -0.4pp | 0.0pp | +0.7pp | +0.7pp | -1.0pp | +0.6pp | +0.4pp | -0.3pp | -0.2pp | -0.8pp | 0.0pp | -0.1pp | +0.4pp | -0.6pp | -0.2pp | 0.0pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Reporting basis
Which accounting standard each fiscal year was filed under. Figures are not strictly comparable across a change of standard.
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Standard | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | |
| Basis | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
- *1 Securities report (yuka shoken hokokusho), as filed
Yen–dollar exchange rate ¥ per US$1
Annual average, yen per one US dollar. Every figure above is in yen as filed — convert one using the rate of its own year, never today's. A higher line is a weaker yen.
| Fiscal year | Unit | 1949 *1 Cal. year | 1950 *1 Cal. year | 1951 *1 Cal. year | 1952 *1 Cal. year | 1953 *1 Cal. year | 1954 *1 Cal. year | 1955 *1 Cal. year | 1956 *1 Cal. year | 1957 *1 Cal. year | 1958 *1 Cal. year | 1959 *1 Cal. year | 1960 *1 Cal. year | 1961 *1 Cal. year | 1962 *1 Cal. year | 1963 *1 Cal. year | 1964 *1 Cal. year | 1965 *1 Cal. year | 1966 *1 Cal. year | 1967 *1 Cal. year | 1968 *1 Cal. year | 1969 *1 Cal. year | 1970 *1 Cal. year | 1971 *1 Cal. year | 1972 *2 Cal. year | 1973 *3 Cal. year | 1974 *3 Cal. year | 1975 *3 Cal. year | 1976 *3 Cal. year | 1977 *3 Cal. year | 1978 *3 Cal. year | 1979 *3 Cal. year | 1980 *4 Cal. year | 1981 *4 Cal. year | 1982 *4 Cal. year | 1983 *4 Cal. year | 1984 *4 Cal. year | 1985 *4 Cal. year | 1986 *4 Cal. year | 1987 *4 Cal. year | 1988 *4 Cal. year | 1989 *4 Cal. year | 1990 *4 Cal. year | 1991 *4 Cal. year | 1992 *4 Cal. year | 1993 *4 Cal. year | 1994 *4 Cal. year | 1995 *4 Cal. year | 1996 *4 Cal. year | 1997 *4 Cal. year | 1998 *4 Cal. year | 1999 *4 Cal. year | 2000 *4 Cal. year | 2001 *4 Cal. year | 2002 *4 Cal. year | 2003 *4 Cal. year | 2004 *4 Cal. year | 2005 *4 Cal. year | 2006 *4 Cal. year | 2007 *4 Cal. year | 2008 *4 Cal. year | 2009 *4 Cal. year | 2010 *4 Cal. year | 2011 *4 Cal. year | 2012 *4 Cal. year | 2013 *4 Cal. year | 2014 *4 Cal. year | 2015 *4 Cal. year | 2016 *4 Cal. year | 2017 *4 Cal. year | 2018 *4 Cal. year | 2019 *4 Cal. year | 2020 *4 Cal. year | 2021 *4 Cal. year | 2022 *4 Cal. year | 2023 *4 Cal. year | 2024 *4 Cal. year | 2025 *4 Cal. year | 2026 *4,5 Cal. year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rate | ¥/US$ | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥308.00 | ¥274.00 | ¥293.00 | ¥299.00 | ¥292.00 | ¥257.00 | ¥201.00 | ¥230.00 | ¥226.69 | ¥220.55 | ¥249.06 | ¥237.48 | ¥237.53 | ¥238.53 | ¥168.52 | ¥144.60 | ¥128.13 | ¥137.98 | ¥144.81 | ¥134.51 | ¥126.67 | ¥111.18 | ¥102.22 | ¥94.05 | ¥108.77 | ¥121.02 | ¥130.89 | ¥113.84 | ¥107.74 | ¥121.52 | ¥125.28 | ¥115.92 | ¥108.16 | ¥110.15 | ¥116.28 | ¥117.77 | ¥103.33 | ¥93.53 | ¥87.77 | ¥79.78 | ¥79.79 | ¥97.60 | ¥105.84 | ¥121.02 | ¥108.84 | ¥112.16 | ¥110.40 | ¥109.01 | ¥106.78 | ¥109.78 | ¥131.37 | ¥140.51 | ¥151.50 | ¥149.65 | ¥158.16 |
| YoY | % | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -14.4% | -11.0% | +6.9% | +2.0% | -2.3% | -12.0% | -21.8% | +14.4% | -1.4% | -2.7% | +12.9% | -4.6% | 0.0% | +0.4% | -29.4% | -14.2% | -11.4% | +7.7% | +4.9% | -7.1% | -5.8% | -12.2% | -8.1% | -8.0% | +15.7% | +11.3% | +8.2% | -13.0% | -5.4% | +12.8% | +3.1% | -7.5% | -6.7% | +1.8% | +5.6% | +1.3% | -12.3% | -9.5% | -6.2% | -9.1% | 0.0% | +22.3% | +8.4% | +14.3% | -10.1% | +3.1% | -1.6% | -1.3% | -2.0% | +2.8% | +19.7% | +7.0% | +7.8% | -1.2% | +5.7% |
- *1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
- *2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
- *3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
- *4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
- *5 Provisional — part-year average, not a full calendar year.
All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →
Read the company history → 日本語版（詳細）— full financial data in Japanese →
Disclaimer
- This page is provided for general information only and is not investment advice, nor a recommendation to buy or sell any security.
- Figures are compiled independently and include our own estimates, approximations and machine-processed data; we make no warranty as to their accuracy or completeness.
- Sources are primarily each company's securities reports and other public filings, but errors and omissions may remain.
- Any use of this information is at the reader's own risk. Past performance does not indicate future results.
- Company names, logos and other marks belong to their respective owners.
Data API
Daiwa Securities Group’s history, financials, executives and
shareholders are published as static JSON — no key, plain GET.
| Method | Endpoint | Returns |
|---|---|---|
| GET | /api/companies.json | All companies |
| GET | /api/8601/manifest.json | Resource index |
| GET | /api/8601/history.json | History overview |
| GET | /api/8601/timeline.json | Chronology |
| GET | /api/decisions.json | All management decisions (index) |
| GET | /api/8601/decisions.json | Management decisions (index) |
| GET | /api/8601/decisions/{slug}.json | One decision (full dossier) |
| GET | /api/8601/executives.json | Executives |
| GET | /api/8601/shareholders.json | Major shareholders |
| GET | /api/8601/financials.json | Financial statements |
| GET | /api/8601/financials-longterm.json | Long-term results |
| GET | /api/8601/segments.json | Business segments |
| GET | /api/8601/regions.json | Sales by region |
| GET | /api/8601/workforce.json | Workforce |