Wan's questions to Daiwa Securities Group Inc (DSEEY) leadership • Q1 2025
Question
An analyst from Bloomberg Intelligence, Wan, asked about the sustainability of asset inflows in the Wealth Management division, particularly if online or savings-type products could drive growth. He also sought clarification on how the one-off negative goodwill gain would impact the funds available for the first-half dividend payout.
Answer
CFO Kotaro Yoshida affirmed the focus on sustaining inflows by building customer credibility and proposing diverse investment methods, including savings-type accumulation for all client segments. Regarding dividends, he reiterated the firm's policy of a payout ratio of 50% or more of consolidated net income each half. He stated this policy would not be altered by one-off gains, consistent with the company's past practices.