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Daiwa Securities Group Inc.

Japan ยท Tokyo:ย 8601.T ยท Market cap: $17.5B ยท P/E: 12.3 ยท P/S: 1.8

Daiwa Securities is a Japanese financial group that helps people and institutions buy and sell investments, raise money, and manage their assets.

Daiwa Securities is one of Japan's big financial groups, and its core job is helping people and organizations put their money to work. For individual investors, that means a brokerage where you can buy and sell stocks, bonds, and funds, plus advice on how to plan and grow your savings. For big institutional clients โ€” pension funds, corporations, governments โ€” the firm does investment banking: helping companies raise money by issuing shares or bonds, advising on mergers and deals, and connecting them with investors around the world.

Daiwa Securities Group Inc. (8601.T) Wealth Management division: line art illustration of A financial advisor at a desk pointing to a client's portfolio pie chart on a screen
Wealth management
Most of Daiwa's revenue comes from its wealth management business serving individual clients.

The business splits into a few main arms. There is the retail securities side, which serves ordinary Japanese savers and is the group's historical heartland. There is the wholesale and investment banking side, which handles large corporate and institutional clients and global markets trading. And there is an asset management arm, which runs funds and investment products and collects fees for managing other people's money. Each arm earns money differently โ€” commissions on trades, fees for advice and deal-making, spreads on trading, and recurring management fees โ€” which makes the group less dependent on any single market. Daiwa's home is Tokyo, and it is a household name in Japan the way a major national broker is: many everyday savers hold accounts with it. But Japan's population is aging and shrinking, so the pool of domestic retail investors is not a growth engine forever. That has pushed Daiwa to expand overseas and to serve institutional clients globally, where it competes against far bigger global banks. It is a crowded, fee-sensitive business, and trading revenue can swing sharply with market conditions โ€” a good year in markets fills the coffers, a bad one doesn't.


The group generates steady cash and has long returned a chunk of it to shareholders through dividends and share buybacks, a common pattern for mature Japanese financial firms. Its main domestic rival is Nomura, and globally it butts up against large investment banks. The simple way to see Daiwa: it is a middleman between people with money and the markets where that money can grow, earning a fee at each step โ€” reliable in calm times, exposed when markets turn.

Saved answer ยท last researched 12 Nov 2026