Apr 28, 2021 / 08:00AM GMT
Eiji Sato - Daiwa Securities Group Inc. - CFO, Exec. MD, Dep. Director of Planning, Corporate Executive Officer & Dep. Head of Overseas
I'm Sato of Daiwa Securities Group. Again, thank you very much for taking time out of your busy schedules to join us today at the conference. So we'd like to start the explanation of the financial results for the fourth quarter of fiscal 2020, which were announced today. That materials are posted on our website.
So please refer to Page 4. I'd like to explain the summary of consolidated financial results. The percentage of change is compared to the third quarter of fiscal 2020. Net operating revenues were JPY 124.5 billion, down by 1.2%. Retail division revenues increased. In addition to an increase in equity transaction backed by the strong stock market, sales value of stock investment trust, wraps and bonds also hiked.
Wholesale division revenues also increased. In Global Markets, both equity and FICC revenues grew, while in Global Investment Bank, revenues from M&A grew. Ordinary income was JPY 35.5 billion, up by 3%. Net income attributable to
Full Year 2021 Daiwa Securities Group Inc Earnings Call Transcript
Feb 13, 2024
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