Oct 29, 2024 / 08:00AM GMT
Kotaro Yoshida - Daiwa Securities Group Inc - Managing Executive Officer & CFO
I am Yoshida of Daiwa Securities Group Inc. Thank you again for taking time out of your busy schedules today to attend our conference call. Let me now turn to the financial results for the second quarter of fiscal 2024, which we announced today. I will explain in accordance with the presentation material posted on the company's website.
Let me start from page 4. I will first provide a summary of the consolidated financial results. Percentage figures are compared with the Q1 of FY24. Net operating revenues were JPY161 billion, up 8%. Ordinary income was JPY72.8 billion, up 93.1%. In the wealth management segment, asset-based revenues grew, and the steady progress was made in the wealth management business model.
Wrap account services continued to maintain high levels of contract amounts, as well as net asset inflow from the previous quarter. In the asset management segment, ordinary income reached a record high. In securities asset management, fund continued to generate net growth centered on active funds.
Q2 2025 Daiwa Securities Group Inc Earnings Call Transcript
Oct 29, 2024
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