The Daiwa Securities Group is comprised of Daiwa Securities Group Inc., the holding company which controls
the group companies, the two main corporations, Daiwa Securities Co. Ltd. and Daiwa Securities SMBC Co.
Ltd., and the many other companies that support their operations. The Group is therefore able to provide its
customers with a comprehensive array of investment and financial services.
The Daiwa Securities Group is divided into the following six areas of business.
1. Retail securities business
Services are provided mainly to individual customers through the
online trading service Daiwa Direct, the Call Center, and Daiwa
Securities Co. Ltd.'s nationwide sales branches. All kinds of
financial products and services are offered, with a focus on
securities brokerage. Daiwa Securities Co. Ltd. is the Group's
principal company in the retail securities business.
2. Wholesale securities business
The Daiwa Securities Group offers fund management and
investment banking services to institutional investors, corporate
clients and financial institutions, in and outside Japan. Daiwa
Securities SMBC Co. Ltd., is the Group's principal company in the
wholesale securities business.
3. Asset management business
The Group provides development and management of stock, bond,
and private investment trusts, as well as other investment
management services. Daiwa Asset Management Co. Ltd. and
Daiwa SB Investments Ltd. are the Group's principal companies in
the asset management business.
4. Investment business
Using its own funds, the Daiwa Securities Group invests in private
equity, monetary receivables, real estate, venture capital
opportunities, and business regeneration. It also forms and
manages investment funds. Daiwa Securities SMBC Principal
Investments Co. Ltd. and NIF SMBC Ventures Co., Ltd. are the
Group's principal companies in the investment business.
5. Research, systems, and consulting business
The Group is engaged in various forms of consulting and research
reporting in fields such as management, finance, and information
technology. This information is provided to institutional investors,
corporate clients, financial institutions, and public institutions in and
outside Japan. Daiwa Institute of Research Ltd. is the Group's
principal company in the research, systems, and consulting business.
6. Group support
Services are supplied to member companies within the Daiwa
Securities Group in areas such as administrative outsourcing
relating to securities, as well as consulting for real estate and
building management. Daiwa Securities Business Center Co., Ltd.
and Daiwa Property Co., Ltd. are the Group's principal companies in
the area of group company support.
|*For details about the individual companies within the Daiwa Securities Group, please visit the Group's website.
Daiwa Securities Co. Ltd. provides financial asset management
services mainly to individual customers through three channels: the
115 branches across Japan (as of March 31, 2006), the industry's
largest call center, and over the Internet.
Direct sales and brokerage of stocks, bonds, investment trusts,
and insurance products
The Daiwa Securities Co. Ltd. offers a wide array of financial
products and services through its consulting services provided by
sales staff. This effort is further enhanced by the Group's
extensive sales support and detailed research. In fiscal 2005, the
Daiwa Securities Co. Ltd. saw strong demand from individual
investors for Japanese Government Bonds and foreign-currency
bonds. Separately, the Group managed to raise ¥1 trillion from
retail customers for the Daiwa Global Bond Fund, an investment
trust composed of foreign bonds that pay monthly dividends.
Daiwa Direct, the Group's online trading service, provides
customers with a wide range of products, information and services,
all within a highly stable, easy-to-operate system with reasonable
transaction fees. Technical support services for Daiwa Direct are
also offered at the branches of Daiwa Securities Co. Ltd.
The Call Center has telephone service representatives (TSR),
delivering customer service over the phone. In fiscal 2005, the
Group increased the number of TSR and improved phone line
capacity and interactive voice response (IVR) technology in order
to handle a higher number of calls. In April 2006, the Call Center
expanded from 300 to 450 operator lines.
Daiwa SMA (Separately Managed Account) is a new investment
management service for high net-worth customers. Each customer
has a personal SMA consultant, who provides services and advice,
such as assisting in the determination of an investment strategy
based on the customer's individual investment needs.
Securities intermediary business
The securities intermediary business is gaining prominence in
Japan as a new channel for the sale of securities products.
Currently, the Daiwa Securities Group is working with the Sumitomo
Mitsui Banking Corporation, the Sumitomo Trust & Banking Co.,
Ltd., regional banks, and non-financial corporations to help expand
the customer base and sales of products and services.
By offering services in the area of corporate finance and investment,
the Group supports all aspects of the institutional investor,
corporate client, and financial institution, from business expansion
to financial and capital strategies.
Brokerage and trading
In order to meet the funds management needs of institutional
investors in and outside Japan, the Group offers brokerage and
trading of stocks, bonds, derivatives, and a full range of other
securities and financial products.
Investment banking services
The Group offers companies in and outside Japan a wide range of
services, including proposals for optimal finance and business
strategies, advice on the issuing of stocks and bonds, and
securities underwriting, based on research and analysis.
Initial public offerings (IPOs)
The Group supplies public offering guidance and underwriting
services to companies seeking to raise funds and list on the stock
exchange. Detailed business advisory services are offered in
areas including corporate governance, internal control, and
Mergers and acquisitions (M&A)
The Group is engaged in putting forth proposals and executing
deals relating to corporate link-ups, such as acquisitions and
mergers, business tie-ups, capital participation, joint ventures,
and stock swaps. Through cooperation with its overseas
subsidiaries, the Group has also successfully executed crossborder
The Group securitizes many types of assets, repackaging them
into products such as asset-backed securities (ABS) and real
estate investment trusts (REIT). Securities backed by real estate
or monetary receivables held by the company are issued under
In order to support the diverse needs of companies undergoing
business reorganization or new business development, the Group
invests in private equity, monetary receivables, and real estate.