Daiwa Securities Group Inc (DSE) - Net Assets
Based on the latest financial reports, Daiwa Securities Group Inc (DSE) has net assets worth €1.94 Trillion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.92 Trillion) and total liabilities (€34.97 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.94 Trillion |
| % of Total Assets | 5.27% |
| Annual Growth Rate | 3.97% |
| 5-Year Change | 20.82% |
| 10-Year Change | 46.48% |
| Growth Volatility | 9.39 |
Daiwa Securities Group Inc - Net Assets Trend (2014–2025)
This chart illustrates how Daiwa Securities Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Daiwa Securities Group Inc (2014–2025)
The table below shows the annual net assets of Daiwa Securities Group Inc from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €1.92 Trillion | +7.53% |
| 2024-03-31 | €1.79 Trillion | +6.75% |
| 2023-03-31 | €1.68 Trillion | +2.17% |
| 2022-03-31 | €1.64 Trillion | +3.02% |
| 2021-03-31 | €1.59 Trillion | +26.56% |
| 2020-03-31 | €1.26 Trillion | +0.11% |
| 2019-03-31 | €1.26 Trillion | -8.32% |
| 2018-03-31 | €1.37 Trillion | +2.02% |
| 2017-03-31 | €1.34 Trillion | +2.32% |
| 2016-03-31 | €1.31 Trillion | -8.48% |
| 2015-03-31 | €1.43 Trillion | +14.46% |
| 2014-03-31 | €1.25 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daiwa Securities Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 97.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.04 Trillion | 63.27% |
| Other Components | €604.59 Billion | 36.73% |
| Total Equity | €1.65 Trillion | 100.00% |
Daiwa Securities Group Inc Competitors by Market Cap
The table below lists competitors of Daiwa Securities Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
360 Security Technology Inc
SHG:601360
|
$11.30 Billion |
|
Deutsche Lufthansa AG
XETRA:LHA
|
$11.31 Billion |
|
China Aerospace Times Electronics Co Ltd
SHG:600879
|
$11.31 Billion |
|
Erie Indemnity Company
NASDAQ:ERIE
|
$11.31 Billion |
|
China Southern Airlines Co Ltd Class A
SHG:600029
|
$11.26 Billion |
|
Vodafone Idea Limited
NSE:IDEA
|
$11.26 Billion |
|
Nova Measuring Instruments Ltd
F:NMR
|
$11.26 Billion |
|
James Hardie Industries plc
F:JHA
|
$11.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daiwa Securities Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,529,141,000,000 to 1,646,081,000,000, a change of 116,940,000,000 (7.6%).
- Net income of 154,368,000,000 contributed positively to equity growth.
- Dividend payments of 74,521,000,000 reduced retained earnings.
- Share repurchases of 10,000,000 reduced equity.
- New share issuances of 62,454,000,000 increased equity.
- Other factors decreased equity by 25,351,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €154.37 Billion | +9.38% |
| Dividends Paid | €74.52 Billion | -4.53% |
| Share Repurchases | €10.00 Million | -0.0% |
| Share Issuances | €62.45 Billion | +3.79% |
| Other Changes | €-25.35 Billion | -1.54% |
| Total Change | €- | 7.65% |
Book Value vs Market Value Analysis
This analysis compares Daiwa Securities Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €751.01 | €8.05 | x |
| 2018-03-31 | €791.99 | €8.05 | x |
| 2019-03-31 | €800.12 | €8.05 | x |
| 2020-03-31 | €802.20 | €8.05 | x |
| 2021-03-31 | €881.11 | €8.05 | x |
| 2022-03-31 | €931.97 | €8.05 | x |
| 2023-03-31 | €974.98 | €8.05 | x |
| 2024-03-31 | €1091.23 | €8.05 | x |
| 2025-03-31 | €1163.33 | €8.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daiwa Securities Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.79%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 21.88x
- Recent ROE (9.38%) is above the historical average (8.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.60% | 26.36% | 0.03x | 17.94x | €60.86 Billion |
| 2015 | 11.91% | 22.52% | 0.03x | 18.45x | €23.80 Billion |
| 2016 | 9.51% | 17.89% | 0.03x | 16.62x | €-6.03 Billion |
| 2017 | 8.26% | 19.34% | 0.03x | 15.74x | €-21.89 Billion |
| 2018 | 8.63% | 19.12% | 0.03x | 16.49x | €-17.61 Billion |
| 2019 | 5.09% | 12.79% | 0.02x | 16.86x | €-61.51 Billion |
| 2020 | 4.95% | 12.71% | 0.02x | 19.54x | €-61.55 Billion |
| 2021 | 8.07% | 20.57% | 0.02x | 19.44x | €-25.87 Billion |
| 2022 | 6.86% | 16.19% | 0.02x | 19.92x | €-43.35 Billion |
| 2023 | 4.51% | 10.53% | 0.02x | 18.65x | €-77.79 Billion |
| 2024 | 7.95% | 15.72% | 0.02x | 20.94x | €-31.36 Billion |
| 2025 | 9.38% | 19.79% | 0.02x | 21.88x | €-10.24 Billion |
Industry Comparison
This section compares Daiwa Securities Group Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $16,345,554,650
- Average return on equity (ROE) among peers: -6.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daiwa Securities Group Inc (DSE) | €1.94 Trillion | 15.60% | 17.99x | $11.28 Billion |
| Bright Smart Securities & Commodities Group Limited (0BX) | $2.13 Billion | 33.04% | 6.44x | $1.67 Billion |
| GREENBANK CAPITAL (2TL) | $3.55 Million | -87.33% | 0.86x | $82.89K |
| SHENWAN HONGYUAN GR.H YC1 (2X2A) | $107.05 Billion | 8.78% | 4.61x | $866.52 Million |
| SIXTY SIX CAPITAL INC. (5CR0) | $30.89 Million | 79.03% | 0.27x | $5.69 Million |
| CAIRO MEZZ PLC EO-10 (6H3) | $240.20 Million | 25.36% | 0.00x | $96.17 Million |
| FRP ADVISORY GRP LS-001 (6S6) | $94.80 Million | 23.73% | 0.67x | $341.41 Million |
| BIGG Digital Assets Inc (7111) | $21.23 Million | -20.28% | 0.03x | $12.56 Million |
| Arcario AB (869) | $71.24 Million | -132.23% | 0.40x | $27.91 Million |
| BC TECHNOLOGY GROUP -01 (9D2) | $1.28 Billion | 3.71% | 0.45x | $1.33 Billion |
| MARUSAN SEC. (9KC) | $52.52 Billion | 5.57% | 0.60x | $380.96 Million |
About Daiwa Securities Group Inc
Daiwa Securities Group Inc., together with its subsidiaries, operates in the financial and capital markets in Japan and internationally. It operates through Wealth Management, Asset Management, Global Markets & Investment Banking segments. The Wealth Management segment offers wrap and investment trust administration services, as well as for individual investors and unlisted companies. The Asset M… Read more