Daiwa Shoken Living Toshi Hojin

Latest Results (07.08.2024):

Net Operating Revenues

Daiwa Shoken Living Toshi Hojin reported net operating revenues of ¥149.1 billion for the first quarter of FY2024, reflecting a 9.4% decrease compared to the fourth quarter of FY2023. Despite this decline, the net operating revenues showed an 11.2% increase year-over-year from the first quarter of FY2023.

Ordinary Income

The ordinary income for Daiwa Shoken Living Toshi Hojin in the first quarter of FY2024 was ¥37.7 billion, which represents a significant 33.5% decrease from the previous quarter. However, when compared to the same period last year, there was a modest increase of 4.6%.

Profit Attributable to Owners

For the first quarter of FY2024, Daiwa Shoken Living Toshi Hojin reported a profit attributable to owners of the parent company amounting to ¥23.9 billion. This figure marks a 39.4% decline from the fourth quarter of FY2023, but a slight increase of 1.2% compared to the first quarter of FY2023.

Wealth Management Division

Daiwa Shoken Living Toshi Hojin's Wealth Management Division experienced lower revenue and profit in the first quarter of FY2024. Despite this, the contract amount for wrap account services reached a record high on a quarterly basis, and net purchases/net inflow of investment trusts also remained high, contributing to record-high asset-based revenues of ¥27.2 billion.

Global Markets & Investment Banking Division

The Global Markets & Investment Banking Division of Daiwa Shoken Living Toshi Hojin posted lower revenue and profit in the first quarter of FY2024. While equity revenues declined due to lower activity from individual investors, FICC revenues increased domestically but declined in the US. M&A activities were solid in Japan but saw a decline overseas.