Daiwa Securities H1 Profit Rises 36.6% on Strong Revenue Growth; Shares Fall 1.56% in Tokyo

Daiwa Securities Group Inc. (8601.T) reported Friday that first-half profit attributable to owners of parent rose 36.6% to ¥107.85 billion from ¥78.96 billion a year earlier, driven by strong revenue growth. Shares of the Japanese brokerage were trading at 1,703.00 yen in Tokyo, down 1.56%. Operating income surged 72.5% to ¥148.43 billion from ¥86.02 billion, while operating revenue climbed 23.3% to ¥865.45 billion from ¥701.75 billion. Net operating revenue increased 35.5% to ¥444.30 billion compared with ¥327.88 billion in the prior-year period. Net income per share reached ¥76.32, up from ¥55.68 a year ago.