Daiwa Securities Group Inc. experienced a substantial increase in profits for the three months ending September 30, with net income reaching ¥53.8 billion ($352 million). This growth can be attributed to strong performance in wealth and asset management, reflecting increased investor interest in the stock market.
The results exceeded analysts' expectations, with the average forecast set at ¥38.8 billion according to a Bloomberg News poll. Daiwa's performance highlights the financial sector's strong recovery, driven by a favorable market environment.