Daiwa Securities Group (8601) Stock Overview
Operates in the financial and capital markets in Japan and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
8601 Community Fair Values
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Analyst Price Targets
Daiwa Securities Group Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥1,606.00 |
| 52 Week High | JP¥1,686.50 |
| 52 Week Low | JP¥972.70 |
| Beta | 0.51 |
| 1 Month Change | 9.07% |
| 3 Month Change | 8.73% |
| 1 Year Change | 61.96% |
| 3 Year Change | 120.30% |
| 5 Year Change | 161.56% |
| Change since IPO | 32.73% |
Recent News & Updates
Narrative Update • Jun 07
8601: Updated FY2026 Plan And Payout Outlook Will Support Balanced Fair Value
Analysts have lifted their price target on Daiwa Securities Group slightly from ¥1,550 to ¥1,560, citing updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News Daiwa Securities Group held an Analyst and Investor Day focused on its FY2026 management strategy, giving the market a clearer view of the company’s medium term priorities and financial assumptions.Narrative Update • May 15
8601: Future Board Decisions And Margin Assumptions Will Sustain Balanced Fair Value
Analysts have trimmed their price target for Daiwa Securities Group from ¥1,562.50 to ¥1,550.00, tying the change to updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Board meeting scheduled for February 26, 2026, to consider changes in Representative Corporate Executive Officers, which could affect how the group is led and how decisions are made (Key Developments).Narrative Update • Apr 27
8601: Future Board Decisions And Margin Outlook Will Support Stable Fair Value
Analysts have increased their price target for Daiwa Securities Group from ¥1,525.0 to ¥1,562.5, citing updated assumptions for revenue growth, profit margins and future P/E that inform their revised fair value estimate. What's in the News Daiwa Securities Group has scheduled a board meeting for Apr 27, 2026 to consider the FY2025 year end dividend, which could affect expectations for shareholders' future income (Key Developments).Recent updates
Narrative Update • Jun 07
8601: Updated FY2026 Plan And Payout Outlook Will Support Balanced Fair Value
Analysts have lifted their price target on Daiwa Securities Group slightly from ¥1,550 to ¥1,560, citing updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News Daiwa Securities Group held an Analyst and Investor Day focused on its FY2026 management strategy, giving the market a clearer view of the company’s medium term priorities and financial assumptions.Narrative Update • May 15
8601: Future Board Decisions And Margin Assumptions Will Sustain Balanced Fair Value
Analysts have trimmed their price target for Daiwa Securities Group from ¥1,562.50 to ¥1,550.00, tying the change to updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Board meeting scheduled for February 26, 2026, to consider changes in Representative Corporate Executive Officers, which could affect how the group is led and how decisions are made (Key Developments).Narrative Update • Apr 27
8601: Future Board Decisions And Margin Outlook Will Support Stable Fair Value
Analysts have increased their price target for Daiwa Securities Group from ¥1,525.0 to ¥1,562.5, citing updated assumptions for revenue growth, profit margins and future P/E that inform their revised fair value estimate. What's in the News Daiwa Securities Group has scheduled a board meeting for Apr 27, 2026 to consider the FY2025 year end dividend, which could affect expectations for shareholders' future income (Key Developments).Narrative Update • Apr 10
8601: Stable Outlook Will Reflect Leadership Review And Balanced Earnings Assumptions
Analysts have adjusted their price target for Daiwa Securities Group to ¥1,525 from ¥1,473.75, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Daiwa Securities Group has scheduled a board meeting for Feb 26, 2026 to review potential changes in Representative Corporate Executive Officers (Key Developments).Narrative Update • Mar 26
8601: Stable Outlook Will Reflect Leadership Review And Steady Earnings Assumptions
Analysts keep their price target for Daiwa Securities Group unchanged at ¥1,473.75, reflecting stable assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News A board meeting is scheduled for February 26, 2026 to review proposed changes to Representative Corporate Executive Officers, signaling upcoming adjustments at the senior leadership level (Key Developments).Narrative Update • Mar 12
8601: Stable Outlook Will Balance Governance Changes And Slight Profitability Shift
Analysts have adjusted their price target on Daiwa Securities Group from ¥1,426.25 to ¥1,473.75, reflecting updated assumptions around profit margin and future P/E levels. What's in the News Daiwa Securities Group has scheduled a board meeting for February 26, 2026, focused on potential changes in Representative Corporate Executive Officers (Key Developments).Narrative Update • Feb 25
8601: Stable Forecasts And Slightly Lower P/E Will Sustain Overvaluation Concerns
Analysts have kept their price target for Daiwa Securities Group steady at ¥1,426.25, reflecting largely unchanged views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Valuation Changes Fair Value: ¥1,426.25 remains unchanged, indicating no adjustment to the assessed fair value.Narrative Update • Feb 11
8601: Lower Discount Rate And P/E Assumptions Will Likely Pressure Rich Pricing
Analysts have raised their price target for Daiwa Securities Group by ¥25 to ¥1,426.25, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair Value: updated slightly higher from ¥1,401.25 to ¥1,426.25.Narrative Update • Jan 26
8601: Dividend Increase And Higher Assumed P/E Will Likely Sustain Fair Valuation
Analysts have raised their fair value estimate for Daiwa Securities Group from ¥1,324.29 to ¥1,401.25, reflecting updated assumptions about long term profit margins and a slightly higher future P/E multiple. What's in the News Daiwa Securities Group has scheduled a board meeting for November 4, 2025, with an agenda that includes considering and approving the distribution of interim dividends (Key Developments).Narrative Update • Jan 12
8601: Rising Payouts And Buybacks Will Likely Fail To Justify Elevated Pricing
Narrative update on Daiwa Securities Group Analysts have raised their fair value estimate for Daiwa Securities Group from ¥1,255.71 to ¥1,324.29. This revision reflects updated assumptions regarding long term profit margins and future P/E multiples, while the discount rate remains unchanged.Narrative Update • Dec 25
8601: Elevated Payouts And Buybacks Will Likely Struggle To Justify Rich Pricing
Analysts have raised their price target on Daiwa Securities Group, citing a sharply improved long term revenue growth outlook, despite slightly lower expected profit margins, while keeping valuation multiples and the discount rate broadly unchanged. What's in the News Board meeting scheduled for November 4, 2025, to consider and approve the distribution of interim dividends (company filing) Second quarter 2025 cash dividend raised to JPY 29.00 per share from JPY 28.00 a year earlier, with a record date of September 30, 2025, and payments starting December 3, 2025 (company announcement) Share buyback update: from July 1 to September 30, 2025, the company repurchased 19,324,300 shares, representing 1.38 percent of shares outstanding, for ¥21,658.44 million under the April 28, 2025, program (company announcement) Subsequent buyback tranche: from October 1 to October 22, 2025, the company repurchased an additional 9,072,300 shares, representing 0.65 percent, for ¥10,615.39 million, completing the planned repurchase of 46,596,600 shares or 3.32 percent for ¥49,999.98 million (company announcement) Valuation Changes Revenue Growth: projected long-term growth rate increased sharply from about 3.2 percent to about 30.3 percent Net Profit Margin: forecast margin reduced modestly from about 11.2 percent to about 9.9 percent Fair Value: intrinsic value estimate unchanged at ¥1,255.71 per share Discount Rate: kept stable at 11.1 percent, indicating no change in perceived risk profile Future P/E: valuation multiple maintained essentially unchanged at about 13.3 times forward earningsAnalysis Article • Dec 24
There's No Escaping Daiwa Securities Group Inc.'s (TSE:8601) Muted Earnings
Daiwa Securities Group Inc.'s ( TSE:8601 ) price-to-earnings (or "P/E") ratio of 12.3x might make it look like a buy...Narrative Update • Dec 11
8601: Dividend Increase And Buybacks Will Support Future Earnings Stability
Analysts have modestly raised their price target on Daiwa Securities Group from ¥1,227 to ¥1,256. This reflects expectations of improved profitability and a higher future earnings multiple, despite more tempered revenue growth assumptions and a higher discount rate.Analysis Article • Nov 27
News Flash: Analysts Just Made A Captivating Upgrade To Their Daiwa Securities Group Inc. (TSE:8601) Forecasts
Daiwa Securities Group Inc. ( TSE:8601 ) shareholders will have a reason to smile today, with the analysts making...Narrative Update • Nov 27
8601: Dividend Increase And Share Buybacks Will Support Measured Outlook
Analysts have raised their fair value estimate for Daiwa Securities Group from ¥1,191.43 to ¥1,227.14. This change is attributed to improved revenue growth projections and a modest reduction in the discount rate, despite a slight decrease in profit margin expectations.Narrative Update • Nov 11
8601: Improved Margins And Share Buyback Program Will Support Future Stability
Analysts have raised their price target for Daiwa Securities Group from ¥1,154 to ¥1,191. They cite improved profit margin projections and a slightly reduced discount rate as key factors supporting this outlook.Narrative Update • Oct 28
Share Buybacks And Profit Margins Will Support Future Resilience And Stability
Analysts have raised their price target for Daiwa Securities Group from ¥1,135.71 to ¥1,153.57. This reflects slightly stronger profit margin forecasts and stable growth expectations, despite a marginal increase in the discount rate.Narrative Update • Sep 06
Wealth Management And Digital Transformation Will Drive Resilience
Despite marginal improvements in net profit margin and discount rate, Daiwa Securities Group's consensus analyst price target increased only slightly from ¥1119 to ¥1136. What's in the News Completed repurchase of 18,200,000 shares (1.29% of shares) for ¥17,726.15 million under the buyback program.Analysis Article • Aug 27
Little Excitement Around Daiwa Securities Group Inc.'s (TSE:8601) Earnings
With a price-to-earnings (or "P/E") ratio of 9.9x Daiwa Securities Group Inc. ( TSE:8601 ) may be sending bullish...
New Narrative • Nov 25
Dynamic Transition Into Wealth Management Drives Growth Despite Global Challenges
Transition to wealth management and customer trust increase asset inflows, driving revenue stability and growth in asset-based revenues.Shareholder Returns
| 8601 | JP Capital Markets | JP Market | |
|---|---|---|---|
| 7D | 2.3% | 5.2% | 6.4% |
| 1Y | 62.0% | 36.9% | 46.1% |
Return vs Industry: 8601 exceeded the JP Capital Markets industry which returned 36.9% over the past year.
Return vs Market: 8601 exceeded the JP Market which returned 46.1% over the past year.
Price Volatility
| 8601 volatility | |
|---|---|
| 8601 Average Weekly Movement | 4.3% |
| Capital Markets Industry Average Movement | 4.3% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in JP Market | 9.3% |
| 10% least volatile stocks in JP Market | 2.4% |
Stable Share Price: 8601 has not had significant price volatility in the past 3 months compared to the JP market.
Volatility Over Time: 8601's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1902 | 14,783 | Akihiko Ogino | www.daiwa-grp.jp |
Daiwa Securities Group Inc., together with its subsidiaries, operates in the financial and capital markets in Japan and internationally. It operates through Wealth Management, Asset Management, Global Markets & Investment Banking segments. The Wealth Management segment offers wrap and investment trust administration services, as well as for individual investors and unlisted companies.
Daiwa Securities Group Inc. Fundamentals Summary
| 8601 fundamental statistics | |
|---|---|
| Market cap | JP¥2.23t |
| Earnings (TTM) | JP¥175.28b |
| Revenue (TTM) | JP¥866.06b |
12.7x
P/E Ratio2.6x
P/S RatioIs 8601 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 8601 income statement (TTM) | |
|---|---|
| Revenue | JP¥866.06b |
| Cost of Revenue | JP¥171.01b |
| Gross Profit | JP¥695.06b |
| Other Expenses | JP¥519.78b |
| Earnings | JP¥175.28b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 126.50 |
| Gross Margin | 80.25% |
| Net Profit Margin | 20.24% |
| Debt/Equity Ratio | 1,206.4% |
How did 8601 perform over the long term?
See historical performance and comparisonDividends
4.4%
Current Dividend Yield51%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 16:21 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Daiwa Securities Group Inc. is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Azuma Ohno | Barclays |
| Natsumu Tsujino | BofA Global Research |
| Koichi Niwa | Citigroup Inc |