Daiwa Securities Group reported its highest quarterly profit in seven years on Wednesday, underscoring the brightening outlook for Japan’s brokerage industry as a result of the market-boosting policies of the country’s new premier.
Daiwa, Japan’s second-largest broker after industry leader Nomura Holdings, booked a net profit of 48.7 billion yen (HK$3.9 million) for January-March, its fiscal fourth quarter, more than quadruple the 10.9 billion yen (HK$865.8 million) earned in the same period last year.
via Business feed http://www.scmp.com/business/banking-finance/article/1227486/abenomics-helps-daiwa-profits-soar
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