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8601: Dividend Increase And Share Buybacks Will Support Measured Outlook

Update shared on 27 Nov 2025

Fair value Increased 3.00%
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AnalystConsensusTarget's Fair Value
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1Y
30.0%
7D
-1.9%

Analysts have raised their fair value estimate for Daiwa Securities Group from ¥1,191.43 to ¥1,227.14. This change is attributed to improved revenue growth projections and a modest reduction in the discount rate, despite a slight decrease in profit margin expectations.

What's in the News

  • The Board of Directors will meet on November 4, 2025, to consider and approve the distribution of interim dividends. (Board Meeting)
  • A cash dividend of JPY 29.00 per share was announced for the second quarter-end of fiscal year 2025, rising from JPY 28.00 per share a year ago. The payment is scheduled to begin on December 3, 2025, with a record date of September 30, 2025. (Dividend Increases)
  • Between October 1 and October 22, 2025, the company repurchased 9,072,300 shares for ¥10,615.39 million, completing a buyback of 46,596,600 shares, or 3.32% of shares, for ¥49,999.98 million under the current buyback program. (Buyback Tranche Update)
  • From July 1 to September 30, 2025, the company repurchased 19,324,300 shares for ¥21,658.44 million, marking the completion of 37,524,300 shares repurchased for ¥39,384.58 million under the same buyback initiative. (Buyback Tranche Update)

Valuation Changes

  • The Fair Value Estimate has increased moderately from ¥1,191.43 to ¥1,227.14.
  • The Discount Rate has decreased slightly from 8.10% to 8.02%.
  • The Revenue Growth projection has risen from 25.73% to 31.33%.
  • The Net Profit Margin expectation has declined from 10.95% to 9.67%.
  • The future P/E ratio has edged higher, from 11.66x to 11.87x.

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Disclaimer

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