Our Holding Company System
In April 1999, the Group reorganized under a holding company structure, the first listed company to do so in Japan. Group companies, such as Daiwa Securities (Retail and Wholesale business) playing a core role of securities business, Daiwa International Holdings (managing overseas group companies), and Daiwa Asset Management (Asset Management business) etc., promote the independence and unique expertise of each business segment, while at the same time, the holding company structure allows to intensify synergy among the business segments, and attempt to further improve corporate value through managerial efficiency and robust corporate governance.

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