Worth reading
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Definitive
How definitive the wording is.Items stated in the management plan
Annual updateKey initiatives
01Further deepen the wealth management business by providing optimal consulting based on a deep understanding of customers
02Expand and provide customized, high-value-added products, services and solutions that address the sophisticated needs of high-net-worth and corporate customers
03Further enhance the ability to provide timely and appropriate services tailored to individual customers through digital marketing
04Expand the customer base through external partnerships and the workplace business
05Expanding the customer base through the banking business and providing solutions for high-net-worth customers
06Further expansion of assets under management through establishing investment products and brands that appeal to a broad range of investors and developing attractive alternative products
07Strengthening and upgrading investment capabilities through external alliances, and enhancing service capabilities, including goal-based asset management
08Strengthen investment capabilities and property-sourcing capabilities in real estate asset management, expand investment products and increase assets under management through collaboration within the Group
09Pursuing performance and building a platform to expand alternative funds
10Provide a diverse range of products and sophisticated solutions that address broad customer needs
11Expand the business foundation by further strengthening collaboration across the Group, including with the Wealth Management Division
12Further provision of solutions to unlisted companies and strengthening of domestic and overseas M&A
13Improve profitability through the reallocation of management resources
14Contribute to sound social and economic development and to establishing Japan as an asset management nation by disseminating timely, high-quality information as a think tank
15Contributing to maximizing customers’ corporate value through the use of AI and data science
16Contribute to human capital management through the health tech business
Plan assumptionsAn environment of heightened geopolitical risks and continued crude oil price volatility
Risks identified by the company
The trade policy of the new U.S. administration
Structural changes in the global economy
Rising geopolitical risks
Fluctuations in crude oil prices
Heightened military tensions in the Middle East
Global Economic Uncertainty
Significant volatility in financial markets
| Item | Details |
|---|---|
| Plan name | Daiwa Securities Group Management Policy for FY2026: Passion for the Best |
| Plan period | Fiscal 2026 |
| Progress against the plan | Annual update |
| Plan assumptions | An environment of heightened geopolitical risks and continued crude oil price volatility |
| Key initiatives | Further deepen the wealth management business by providing optimal consulting based on a deep understanding of customers, Expand and provide customized, high-value-added products, services and solutions that address the sophisticated needs of high-net-worth and corporate customers, Further enhance the ability to provide timely and appropriate services tailored to individual customers through digital marketing, Expand the customer base through external partnerships and the workplace business, Expanding the customer base through the banking business and providing solutions for high-net-worth customers, Further expansion of assets under management through establishing investment products and brands that appeal to a broad range of investors and developing attractive alternative products, Strengthening and upgrading investment capabilities through external alliances, and enhancing service capabilities, including goal-based asset management, Strengthen investment capabilities and property-sourcing capabilities in real estate asset management, expand investment products and increase assets under management through collaboration within the Group, Pursuing performance and building a platform to expand alternative funds, Provide a diverse range of products and sophisticated solutions that address broad customer needs, Expand the business foundation by further strengthening collaboration across the Group, including with the Wealth Management Division, Further provision of solutions to unlisted companies and strengthening of domestic and overseas M&A, Improve profitability through the reallocation of management resources, Contribute to sound social and economic development and to establishing Japan as an asset management nation by disseminating timely, high-quality information as a think tank, Contributing to maximizing customers’ corporate value through the use of AI and data science, Contribute to human capital management through the health tech business |
| Risks identified | The trade policy of the new U.S. administration, Structural changes in the global economy, Rising geopolitical risks, Fluctuations in crude oil prices, Heightened military tensions in the Middle East, Global Economic Uncertainty, Significant volatility in financial markets |
| Publication date | 3 April 2026 |
Items this document does not state (18)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize of the Target MarketDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As geopolitical risks intensify and crude oil prices remain volatile, the mission of making the shift from savings to investment a lasting trend has become increasingly important. The Group therefore aims to build a revenue structure that is less susceptible to external conditions.
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