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Earnings Analysis: 
Daiwa Securities Sales Up 30%
Author: Trupti Mehta
123jump.com
Last Update: 6:13 AM ET April 30 2010


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Daiwa Securities Group Inc 2009 sales rose 30% to ¥537.9 billion and net profit was ¥43.4 billion or ¥26.41 a share.

 
7:15 PM Tokyo, Japan - Daiwa Securities Group Inc sales rose 30% and net profit was ¥43.4 billion.

Daiwa Securities Group Inc, the security company said 2009 sales rose 30% to ¥537.9 billion from ¥413.9 billion a year ago. Net profit for the year was ¥43.4 billion or ¥26.41 per diluted share compared to net loss of ¥85.0 billion or ¥63.16 per share a year ago.

Daiwa Securities Group Inc, in the last one year traded as high as ¥741.00 in June 2009 and as low as ¥422.00 in October 2009. Based on the yesterday’s closing price of ¥490.00 the company has market cap of ¥856.74 billion.
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