Daiwa Securities Group Business Summary

Daiwa Securities Group Inc. (DSEEY) is a premier Japanese financial services conglomerate that generates revenue through a multi-channel model of brokerage commissions, asset management fees, underwriting spreads, and net interest income from its banking subsidiary, Daiwa Next Bank. The group operates through four core segments: Wealth Management, providing consulting and brokerage to retail and corporate clients; Asset Management, focusing on investment trusts and pension funds; Global Markets & Investment Banking, offering wholesale trading and M&A advisory; and Investment, which manages private equity and venture capital. Currently executing its "Passion for the Best" 2026 Medium-term Management Plan, the firm is prioritizing a shift toward a recurring-revenue "base income" model to stabilize earnings against market cyclicality. Positioned as a dominant player in Japan’s "Big Three" securities firms, Daiwa competes directly with Nomura Holdings Inc., SBI Holdings Inc., and Mizuho Securities, differentiating itself through a robust hybrid strategy that integrates high-touch consulting with advanced digital platforms. Founded on the legacy of Sibei Fujimoto’s 1902 bill-brokering business and incorporated in 1943, Daiwa is currently led by President and CEO Akihiko Ogino, a veteran who joined the firm in 1989 and previously served as Head of Corporate Planning and Legal. The executive suite includes Chairman Seiji Nakata, COO Shinsuke Niizuma (who also heads the Wealth Management division), and CFO Kotaro Yoshida, who assumed his role in July 2025 to lead the group’s fiscal strategy. Technological and digital initiatives are directed by CIO and CDO Tomoyuki Murase, while Deputy President Keiko Tashiro oversees asset management and sustainability efforts. The firm’s governance is bolstered by a "Three Committees System" and a board featuring prominent outside directors like Toshio Iwamoto and Eriko Kawai, complemented by strategic capital partnerships with Japan Post Insurance and Aozora Bank that enhance its institutional distribution network.