Daiwa Securities Group Inc.
8601・Prime Market・Securities & Commodity Futures
Governance
The company has adopted the Company with Three Committees (Nomination, Audit, and Compensation) structure, with 7 outside directors out of 14 total directors (50%). Outside directors hold a majority in each of the Nomination, Audit, and Compensation Committees, ensuring transparency and fairness in management.
Risk Management
The company has introduced a risk appetite framework and manages market, credit, liquidity, operational, model, investment, reputational, and accounting/tax risks under a
Shareholder Returns
The policy is based on paying dividends twice a year, at interim and year-end, with a target payout ratio of 50% or more on a semi-annual basis. For FY2025 through FY2027, a floor of ¥44 per share has been set for the full-year dividend per share. The annual dividend for FY2025 was ¥64 per share (¥29 interim + ¥35 year-end), with a payout ratio of 50.8%. Share buybacks were also conducted (¥50,011 million during the fiscal year).
Dividend Policy
The basic policy is to pay dividends twice a year, at interim and year-end, implementing dividends with a payout ratio of 50% or more on a semi-annual basis reflecting consolidated results. During the medium-term management plan period from FY2025 (ending March 2025) through FY2027 (ending March 2027), a floor of ¥44 per share has been set for the full-year dividend per share. The FY2025 results were an annual dividend of ¥64 (¥29 interim + ¥35 year-end), a payout ratio of 50.8%, and a dividend on equity (DOE) ratio of 5.3%.
ESG
Based on the carbon neutrality declaration formulated in 2021, the company has set targets of net-zero Scope 1 and 2 emissions by FY2030 and a net-zero investment and financing portfolio by 2050, and achieved the No.1 ranking in the FY2025 SDGs-related bond league table. In terms of human capital, the ratio of female managers stood at 22.0% (consolidated), the engagement survey's "Sustainable Engagement" score reached 84%, and the company was selected for the eleventh time each for both the Health & Productivity Stock Selection and the Nadeshiko Brand.
Last updated: June 17, 2026