8601.T
Daiwa Securities Group Inc.
TokyoJPYEQUITY
Financial Services
DELAYED
Last price
1,779.00
▲ 22.00 (1.25%)
MARKET · —
Price
Open
1,752.50
Prev close
1,757.00
Day high
1,785.50
Day low
1,742.50
Volume
3.35M
Market cap
$2.47T
P/E (TTM)
14.33
52W range
1,117.50 – 1,886.50
Trailing performance
Returnvs SPY
1W
-1.22%
+0.1%
1M
-3.97%
-7.7%
3M
+19.40%
+16.3%
6M
+10.53%
-0.5%
YTD
+29.81%
+17.5%
1Y
+63.96%
+44.0%
3Y
+143.97%
+69.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$2.47T
Enterprise value$-2.69T
Revenue (TTM)$958.17B
Gross profit$786.05B
EBITDA—
Net income$200.46B
EPS (TTM)$124.17
Free cash flow—
Total cash$30.80T
Total debt$25.37T
Book value / share$1,298.85
Shares outstanding1.39B
Float1.37B
Short % of float—
Dividend yield3.93%
Beta (5Y)0.51
Valuation & profitability ratios
Trailing P/E14.33
Forward P/E18.08
PEG ratio0.84
Price / sales—
Price / book1.37
EV / revenue-2.81
EV / EBITDA—
Gross margin82.04%
Operating margin30.10%
Profit margin20.92%
Return on equity10.96%
Return on assets0.58%
Debt / equity1,221.08
Current ratio1.03
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Total revenue | $1.47T | $1.37T | $73.36B | $866.09B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $175.28B | $154.37B | $42.24B | $63.88B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Net income | $175.28B | $154.37B | $42.24B | $63.88B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 39.57 | 40.68 | +2.8% |
| Mar 2026 | 30.21 | 35.99 | +19.1% |
| Dec 2025 | 28.70 | 33.61 | +17.1% |
| Sep 2025 | 22.09 | 34.24 | +55.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 32.55 | 1 | $388.00B | — |
| Next quarter | 33.98 | 1 | $429.00B | +14.8% |
| Current year | 137.01 | 6 | $1.62T | +1,067.6% |
| Next year | 144.23 | 7 | $1.67T | +3.1% |
Analyst targets & ownership
Mean target$1,677.14
High target$1,810.00
Low target$1,430.00
Implied upside-5.73%
Analyst count7
ConsensusHOLD
Strong buy / Buy0 / 1
Hold5
Sell / Strong sell1 / 0
Held by insiders4.02%
Held by institutions44.63%
Institutions holding319
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
55.80M
Total on file
Moving averages & technicals
SMA 10
1,785.30
-0.35% from price
SMA 20
1,803.48
-1.36% from price
SMA 50
1,735.87
+2.48% from price
SMA 100
1,622.21
+9.67% from price
SMA 200
1,524.12
+16.72% from price
EMA 12
1,783.44
-0.25% from price
EMA 26
1,779.42
-0.02% from price
EMA 50
1,735.73
+2.49% from price
RSI (14)
50.2
Neutral
MACD (12,26,9)
4.02
Hist -12.26
ATR (14)
42.11
2.37% of price
Realised vol 30D
30.3%
Annualised
Bollinger upper
1,869.46
20, 2σ
Bollinger lower
1,737.49
20, 2σ
50 / 200 cross
Golden
1,735.87 vs 1,524.12
Trend bias
Above 200
+16.72%
Risk profile
Beta vs SPY
0.00
Less volatile than market
Correlation to SPY
0.00
Largely independent
Realised vol 30D
30.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-14.2%
Peak to trough
Max drawdown 5Y
-39.1%
Peak to trough
ATR 14
42.11
2.37% of price
Beta (reported)
0.51
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.