Daiwa Securities Group reported a 13-year high in profit, driven by a surge in its equities business.
The broker capitalized on the sustained rally in Japanese stocks, which has fueled trading volumes and fee income across the sector.
36% to close at 70,000, marking another milestone in a record-breaking quarterly rally.
The results highlight the broader tailwinds for Japanese financial institutions.
Japan’s Nikkei 225 recently climbed 1.36% to close at 70,000, marking another milestone in a record-breaking quarterly rally.
This market environment has been particularly beneficial for brokers with strong equity trading and wealth management platforms.
Daiwa’s performance mirrors that of its peers.