Japanese brokerage Daiwa books 24% drop in quarterly profit, unveils share buyback

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TOKYO :Daiwa Securities, Japan's second-largest brokerage and investment bank, said on Monday that net income slumped 24 per cent in the fourth quarter, hurt by lower valuations for its alternative assets business and a tumble in trading income.

Its wealth management division saw annual asset inflows almost double to 1.57 trillion yen ($11 billion).

"It is difficult to read the Trump administration's impact on, for instance, renewable energy or interest rates, so we must invest carefully," Yoshida said.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Profit Daiwa Energy Cent Investment Business Division Year Billion Income Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 11:09:27 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Channel News Asia

News ID: 28240412

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