• CFO Kotaro Yoshida addressed Daiwa Securities Group's second-quarter FY2026 earnings call on October 30, 2026.
• The consolidated capital adequacy ratio was expected to fall to around 14% at September-end, reflecting Basel III finalization and ORIX Bank's acquisition.
• A planned AT1 bond issuance of around ¥125 billion would improve the capital ratio by about 1 percentage point.
• Management targets a recovery to around 16% through accumulated earnings, including ORIX Bank's contribution; timing depends partly on the investment pipeline.
• Global Markets started October below the second-quarter average; stabilizing interest rates would not necessarily drive a recovery in fixed income and equities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daiwa Securities Group Inc. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.