8601 Q1 2027 Earnings Presentation

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Daiwa Securities Group Inc. 1Q FY2026 Earnings Announcement The purpose of this material is to provide information on our business performance through the first quarter of FY2026 and our management vision for the future, and is not intended as a solicitation to invest in securities issued by the Company. This document was prepared based on information available to the public as of August 3, 2026. The opinions and forecasts contained in this material are based on information available as of August 3, 2026. The opinions, forecasts, and other statements contained in this material are based on our judgment at the time the material was prepared, and we do not guarantee or promise the accuracy or completeness of such information, The Company does not guarantee or promise the accuracy or completeness of the information, and may change its forecasts in the future without notice. August 3, 2026

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 2 Financial Results for the First Quarter of FY2026 ⚫Highlights 3-4 ⚫Financial Summary 5-8 ⚫B/S and Financial Management Summary 9-10 ⚫P/L Summary 11 ⚫Breakdown of SG&A 12-13 ⚫Overseas Operations 14 ⚫Segment Information 15-22 ⚫Reference 23-36 Definitions of the terms used in this document WM Wealth Management AM Asset Management GM&IB Global Markets & Investment Banking GM Global Markets GIB Global Investment Banking Base income The sum of ordinary income of Wealth Management Division, Securities Asset Management, and Real Estate Asset Management Asset-based revenues Agency fee for investment trust, Investment advisory and account managed fees, Bank agency fees and other, revenues from asset-based fee plan for investment trusts, etc. FICC Fixed Income, Currency and Commodities

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 3 Highlights (1Q/FY2026, YoY) Strong start to the final year of the mid-term management plan. All business segments delivered revenue and profit growth, driven by strong corporate and investor activity despite market uncertainty. ◼ Base income*1, the sum of ordinary income of WM Division, Securities AM, and Real Estate AM, increased by 83.8% to ¥62.8 bn, accelerating growth in stable earnings. ◼ WM Division posted ¥37.2 bn (+88.9%) in ordinary income. ➢ Ongoing progress in total asset consulting at WM (Daiwa Securities) led to continued net inflows*2, with asset-based revenue*3 reaching a record high of ¥35.8 bn. ◼ AM Division delivered record ordinary income of ¥30.3 bn (+105.5%). Securities AM also achieved record highs in both assets under management*4 and ordinary income. ◼ GM&IB Division’s ordinary income rose significantly to ¥22.7 bn (+354.0%). ➢ Strong client flows and corporate action activity drove performance above the 10-year quarterly average. ◼ Completed the full acquisition of ORIX Bank as a subsidiary today; earnings consolidation will begin from 2Q. ¥ 43.7 bn ¥ 56.4 bn ¥ 220.3 bn ¥ 88.0 bn ¥ 31.2 bn ¥ 155.2 bn FY2026 1Q FY2025 1Q Profit attributable to owners of parent Net operating revenues Ordinary income Consolidated earnings results % Changes vs 1Q/FY2025 +42.0 % +101.5 % +80.6 % *1 For the trend in base income, see p.8 *2 For the trend in net asset inflows, see p.27 *3 For the trend in asset-based revenues, see p.28 *4 Assets under management of Daiwa Asset Management

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 4 Summary (1Q/FY2026, QoQ) Net Operating Revenues Ordinary Income Profit Attributable to Owners of Parent (¥ Billions) (¥ Billions) (¥ Billions) ◼ WM Division (Daiwa Securities) saw increased client activity and broader adoption of portfolio-based proposals drive asset-based revenue* to record high levels. The trend of net asset inflows continued, as well as higher flow revenues*. ◼ In the AM Division, AUM expanded due to continued net inflows and favorable market conditions, while ordinary income at Securities AM rose to a record high of ¥15.7 bn. ◼ GM equity revenue increased significantly, supported by expanding client flows and active equity markets. GIB earnings increased, driven by contributions from multiple large-scale deals. Profit attributable to owners of parent Net operating revenues Ordinary income +31.4 % ¥ 56.4 bn ¥ 220.3 bn ¥ 88.0 bn +13.2 % +11.4 % FY2026 1Q % Changes vs 4Q/FY2025Consolidated earnings results Earnings growth across all business segments; ROE rose to 12.7%. * For the trend in asset-based revenues and flow revenue see p.28 149.1161.0161.5 174.2 155.2 172.6 194.6197.8 220.3 0 50 100 150 200 250 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2024 FY2025 FY26 37.7 72.8 63.0 51.0 43.7 54.1 69.5 67.0 88.0 0 20 40 60 80 100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2024 FY2025 FY26 23.9 53.7 46.6 29.9 31.2 47.7 46.4 49.8 56.4 0 20 40 60 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2024 FY2025 FY26

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 5 Financial Summary Consolidated * Shareholders' equity = Owners’ equity + Accumulated other comprehensive income FY2026 1Q 2Q 3Q 4Q 1Q Operating revenues 326,400 375,349 373,862 392,369 434,364 10.7% 33.1% 1,467,983 Net operating revenues 155,252 172,628 194,646 197,899 220,399 11.4% 42.0% 720,427 SG&A 119,074 122,785 132,882 138,351 142,887 3.3% 20.0% 513,094 Ordinary income 43,716 54,192 69,559 67,042 88,089 31.4% 101.5% 234,510 Profit (loss) attributable to owners of parent 31,237 47,726 46,462 49,854 56,414 13.2% 80.6% 175,281 Total assets 34,617,316 36,915,300 38,595,380 38,077,646 39,867,264 38,077,646 Net assets 1,893,724 1,944,434 1,989,781 2,045,809 2,077,378 2,045,809 Shareholders' equity* 1,614,409 1,667,999 1,706,702 1,763,569 1,796,774 1,763,569 EPS (¥) 22.20 34.31 33.66 36.02 40.68 126.04 BPS (¥) 1,154.60 1,201.74 1,235.69 1,272.72 1,294.66 1,272.72 ROE (Annualized) 7.7% 11.6% 11.0% 11.5% 12.7% 10.3% FY2025 % Change vs 1Q/FY25 (¥ Millions) FY2025 % Change vs 4Q/FY25

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 6 Segment Summary ※ Results for each segment are calculated based on the management accounting of each group company. For equity-method affiliates, equity in earnings (losses) of affiliates are recorded in the relevant segment. Consolidated (¥ Millions) FY2026 1Q 2Q 3Q 4Q 1Q 62,905 74,689 77,100 81,093 88,230 8.8% 40.3% 295,788 WM Division (Daiwa Securities) 55,500 65,759 68,988 71,447 77,031 7.8% 38.8% 261,695 Daiwa Next Bank 6,599 7,922 7,080 8,551 9,924 16.0% 50.4% 30,154 28,213 24,996 32,605 26,114 40,928 56.7% 45.1% 111,930 Global MarketsSecurities AM 15,192 17,158 18,637 19,734 21,271 7.8% 40.0% 70,722 Real Estate AM 9,665 8,039 10,125 9,055 13,327 47.2% 37.9% 36,885 Global Investment BankingAlternative AM 3,355 -201 3,841 -2,674 6,329 - 88.6% 4,321 49,827 60,745 71,339 75,482 76,512 1.4% 53.6% 257,395 Securities Asset ManagementGM 32,554 39,281 45,289 51,347 53,854 4.9% 65.4% 168,472 Real Estate Asset ManagementGIB 17,272 21,464 26,050 24,134 22,658 -6.1% 31.2% 88,922 14,304 12,197 13,601 15,209 14,727 - - 55,313 155,252 172,628 194,646 197,899 220,399 11.4% 42.0% 720,427 FY2026 1Q 2Q 3Q 4Q 1Q 19,734 29,565 29,573 33,159 37,274 12.4% 88.9% 112,033 WM Division (Daiwa Securities) 15,610 23,933 24,804 27,034 29,878 10.5% 91.4% 91,383 Daiwa Next Bank 4,355 5,702 4,818 6,273 7,262 15.8% 66.7% 21,149 14,772 12,072 22,232 16,355 30,362 85.6% 105.5% 65,432 Global MarketsSecurities AM 7,517 8,493 10,227 11,414 15,709 37.6% 109.0% 37,652 Real Estate AM 6,935 5,905 10,394 9,817 9,837 0.2% 41.8% 33,053 Global Investment BankingAlternative AM 318 -2,326 1,609 -4,875 4,815 - 15X -5,272 5,001 14,861 18,731 20,400 22,710 11.3% 354.0% 58,995 Securities Asset ManagementGM 2,639 8,414 11,968 17,783 18,198 2.3% 589.5% 40,805 Real Estate Asset ManagementGIB 903 6,086 5,430 2,146 3,273 52.5% 262.4% 14,566 4,207 -2,306 -978 -2,873 -2,257 - - -1,950 43,716 54,192 69,559 67,042 88,089 31.4% 101.5% 234,510 34,188 43,963 50,195 54,390 62,821 15.5% 83.8% 182,738 GM&IB Other/Adjustments Base Income Consolidated total % Change vs 4Q/FY25 Ordinary income % Change vs 1Q/FY25 WM AM FY2025 FY2025 FY2025 AM GM&IB % Change vs 1Q/FY25 Other/Adjustments Consolidated total Net operating revenues % Change vs 4Q/FY25 FY2025 WM

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 34.1 43.9 50.1 54.3 62.8 43.7 54.1 69.5 67.0 88.0 1 2 3 4 5 千 WM Division AM Division GM&IB Division Other/Adjustments Base Income 1Q 2Q 3Q 4Q 1Q FY2026FY2025 5.0 14.8 18.7 20.4 22.7 49.8 60.7 71.3 75.4 76.5 1 4 GM GIB 7 Segment Summary ※ Results for each segment are calculated based on the management accounting of each group company. For equity-method affiliates, equity in earnings (losses) of affiliates are recorded in the relevant segment. Consolidated WM Division AM Division GM&IB Division (¥ Billions) Net operating revenues Ordinary income Consolidated Ordinary Income / Base Income 19.7 29.5 29.5 33.1 37.2 62.9 74.6 77.1 81.0 88.2 WM Division (Daiwa Securities) Daiwa Next Bank 28.2 24.9 32.6 26.1 40.9 14.7 12.0 22.2 16.3 30.3 Securities AM Real Estate AM Alternative AM 1Q 2Q 3Q 4Q 1Q FY2026FY2025 1Q 2Q 3Q 4Q 1Q FY2026FY2025 1Q 2Q 3Q 4Q 1Q FY2026FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 0 50 100 150 200 250 300 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 1Q WM Division Securities AM Real Estate AM Base Income ▲ 20 0 20 40 60 80 100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2021 FY2022 FY2023 FY2024 FY2025 FY26 WM Division Securities AM Real Estate AM Base Income 8 Trends in Consolidated Ordinary Income and Base Income Consolidated Consolidated Ordinary Income / Base Income (annually) Consolidated Ordinary Income / Base Income (quarterly) ◼ Base income for 1Q FY2026 reached ¥62.8 bn (YoY +83.8%, QoQ +15.5%). ◼ Well ahead of the ¥150.0 bn mid-term plan target, with steady progress in building a resilient earnings base (¥ Billions) ※ Results for each segment are calculated based on the management accounting of each group company. For equity-method affiliates, equity in earnings (losses) of affiliates are recorded in the relevant segment. 87.8 73.1 114.2 137.5 135.8 86.9 174.5 224.7 182.7 234.5 88.0 62.8 62.8 88.0 9.8 15.7 37.2

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 9 B/S Summary ※ Figures in parentheses indicate changes from March 31, 2026. (¥ Billions) Consolidated Balance Sheet (June 30, 2026) Total assets: ¥39.86 tn Net assets: ¥2.07 tn Shareholders’ equity**: ¥1.79 tn ◼ 80.2% of total assets have high liquidity*. * Cash and deposits + Short-term investment securities + Trading products + Loans secured by securities ◼ Shareholders’ equity** increased by ¥33.2 bn from March 31, 2026. ** Shareholders‘ equity = Owners’ equity + Accumulated other comprehensive income Consolidated Current assets 37,960 (1,740) Current liabilities 34,539 (1,560) Cash and deposits 4,876 (1,086) Trading products 9,400 (639) Short-term investment securities 2,134 (-6) Trading securities and other 3,298 (-400) Trading products 13,598 (1,206) Stocks, Convertible bonds 304 (-9) Trading securities and other 8,604 (599) Bonds 2,889 (-350) Stocks, Convertible bonds 1,639 (537) Other 103 (-40) Bonds 4,358 (-310) Derivatives transactions 6,101 (1,039) Beneficiary certificates 60 (-2) Loans payable secured by securities 12,918 (-889) Other 2,546 (375) Deposits for banking business 5,291 (249) Derivatives transactions 4,993 (606) Short-term loans payable 2,611 (577) Operational investment securities 118 (-4) Current portion of bonds 388 (-70) (after allowance for possible investment losses) Loans secured by securities 11,347 (-804) Non-current assets 1,907 (49) Long-term liabilities 3,241 (197) Property, plant and equipment 1,003 (25) Bonds payable 1,085 (54) Intangible assets 156 (2) Long-term loans payable 1,983 (132) Investments and other assets 746 (21) Total liabilities 37,789 (1,758) Listed stocks 173 (5) Net assets 2,077 (31) Unlisted stocks 40 (1) Owners' equity 1,495 (9) Affliated company stocks, etc. 353 (4) Accumulated other comprehensive income 301 (23) Other 178 (9) Non-controlling interests 274 (-1) Total Assets 39,867 (1,789) Total liabilities and net assets 39,867 (1,789)

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 10 Financial Management (Regulatory Capital & Regulatory Liquidity) Consolidated leverage ratio Consolidated Liquidity Coverage Ratio 【Regulatory Capital (Basel III)】 (As at March 31, 2026) ◼ Consolidated Total Capital Ratio: 20.06% ◼ Consolidated Tier 1 Capital Ratio: 20.00% ◼ Consolidated Common Equity Tier 1 Capital Ratio: 17.73% ◼ Consolidated Leverage Ratio: 5.10% ※ Figures are as of the end of each quarter 【Regulatory Liquidity (Basel III)】 (Daily average Apr. – Jun. 2026) ◼ Consolidated Liquidity Coverage Ratio: 133.6% Consolidated Consolidated Capital Adequacy Ratio 1,529 1,557 1,470 1,615 1,547 1,550 1,547 1,626 1,622 1,331 1,367 1,274 1,413 1,351 1,355 1,356 1,435 1,434 21.58% 20.96% 20.45% 21.50% 21.84% 21.83% 20.97% 21.67% 20.06% 18.78% 18.41% 17.72% 18.82% 19.07% 19.08% 18.37% 19.13% 17.73% 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2023 FY2024 FY2025 Total qualifying capital (¥ billions) Common equity tier 1 (¥ billions) Consolidated total capital ratio Consolidated common equity tier 1 capital ratio 24,461 28,623 26,665 29,240 28,859 28,286 29,273 30,752 31,705 1,520 1,554 1,462 1,605 1,540 1,544 1,542 1,622 1,618 6.21% 5.43% 5.48% 5.48% 5.33% 5.45% 5.27% 5.27% 5.10% 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2023 FY2024 FY2025 Total exposures (¥ billions) Tier 1 capital (¥ billions) Consolidated levarage ratio 2,886 2,635 2,632 2,799 2,815 2,642 2,800 3,007 3,078 3,409 2,134 2,009 1,926 1,957 1,970 1,908 1,970 2,242 2,446 2,550 135.2% 131.1% 136.6% 142.9% 142.9% 138.4% 142.1% 134.1% 125.8% 133.6% 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2023 FY2024 FY2025 FY2026 High-quality liquid assets (¥ billions) Net cash outflows (¥ billions) Consolidated liquidity coverage ratio

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 11 P/L Summary ※ Comparisons of increase/decrease are quarter-on-quarter unless otherwise noted from this page onward. ◼ Commissions received increased (+9.3%). • Brokerage commission* was ¥34.9 bn (+9.4%). • Underwriting and secondary offering commissions* were ¥17.0 bn (+86.4%). • Distribution commission* was ¥9.2 bn (+20.0%). • M&A related commission* was ¥12.5 bn (-27.9%). * For breakdown of total commission received, see p.24. Consolidated FY2026 1Q 2Q 3Q 4Q 1Q Operating revenues 326,400 375,349 373,862 392,369 434,364 10.7% 33.1% 1,467,983 Commission received 100,398 118,300 128,579 131,203 143,423 9.3% 42.9% 478,481 Net trading income 22,310 23,375 28,249 31,919 33,213 4.1% 48.9% 105,855 Net gain (loss) on private equity 1,797 -1,164 3,921 -2,915 4,107 - 128.5% 1,639 Financial revenue 160,616 175,175 177,115 177,564 175,588 -1.1% 9.3% 690,472 Other operating revenue 41,277 59,662 35,996 54,597 78,031 42.9% 89.0% 191,534 Financial expenses 140,821 155,261 152,824 148,959 151,059 1.4% 7.3% 597,866 Other operating expenses 30,326 47,459 26,392 45,510 62,905 38.2% 107.4% 149,689 Net operating revenues 155,252 172,628 194,646 197,899 220,399 11.4% 42.0% 720,427 SG&A 119,074 122,785 132,882 138,351 142,887 3.3% 20.0% 513,094 Operating income 36,177 49,842 61,764 59,548 77,512 30.2% 114.3% 207,333 Non-operating income 7,538 4,349 7,795 7,494 10,577 41.1% 40.3% 27,177 Ordinary income/loss 43,716 54,192 69,559 67,042 88,089 31.4% 101.5% 234,510 Extraordinary income/loss 1,078 21,438 201 6,698 228 -96.6% -78.9% 29,417 44,794 75,631 69,760 73,741 88,317 19.8% 97.2% 263,927 Total income taxes 10,754 23,205 18,963 20,771 26,998 30.0% 151.0% 73,695 31,237 47,726 46,462 49,854 56,414 13.2% 80.6% 175,281 FY2025 Income before income taxes Profit (loss) attributable to owners of parent FY2025 (¥ Millions) % Change vs 4Q/FY25 % Change vs 1Q/FY25

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 12 Breakdown of SG&A ◼ SG&A increased (+3.3%). ◼ Transaction-related expenses increased, reflecting higher commissions and fees (+11.3%). ◼ Personnel expenses rose due to higher wages, as well as performance- linked bonus increases primarily in Japan (+2.8%). Consolidated FY2026 1Q 2Q 3Q 4Q 1Q 119,074 122,785 132,882 138,351 142,887 3.3% 20.0% 513,094 Trading related expenses 23,496 24,798 25,926 25,944 28,866 11.3% 22.9% 100,165 Personnel expenses 58,163 60,606 67,751 69,675 71,610 2.8% 23.1% 256,197 Real estate expenses 11,110 11,320 11,893 12,921 12,202 -5.6% 9.8% 47,245 Office cost 8,316 8,101 8,822 9,807 9,844 0.4% 18.4% 35,047 Depreciation 8,271 8,292 8,645 8,770 9,495 8.3% 14.8% 33,980 Taxes and dues 3,930 4,232 4,058 4,456 5,143 15.4% 30.8% 16,679 Other 5,783 5,433 5,785 6,775 5,724 -15.5% -1.0% 23,778 FY2025 SG&A (¥ Millions) % Change vs 4Q/FY25 % Change vs 1Q/FY25 FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 13 Cost Structure Consolidated FY2026 1Q 2Q 3Q 4Q 1Q-4Q 1Q 2Q 3Q 4Q 1Q-4Q 1Q Total SG&A 114.0 119.4 124.4 121.3 479.2 119.0 122.7 132.8 138.3 513.0 142.8 45.2 50.1 54.9 52.1 202.5 47.4 50.0 58.4 61.0 217.0 63.7 Trading related expenses 21.9 22.5 23.0 24.1 91.7 23.4 24.7 25.9 25.9 100.1 28.8 Advertising and promotion expenses 2.2 2.5 2.4 2.6 9.8 2.0 2.2 2.1 2.0 8.5 2.0 16.5 20.5 24.2 20.2 81.6 16.1 17.8 24.6 26.1 84.7 26.8 Overtime, part-time 1.8 1.8 1.9 1.8 7.5 1.9 2.0 2.1 2.1 8.2 2.2 68.7 69.2 69.5 69.1 276.7 71.6 72.6 74.4 77.3 296.0 79.1 Personnel expenses 38.5 39.1 38.9 38.7 155.4 39.9 40.6 40.9 41.3 162.8 42.3 Real estate expenses 10.7 10.9 10.7 11.3 43.8 11.1 11.3 11.8 12.9 47.2 12.2 Depreciation 8.6 8.8 8.5 8.3 34.3 8.2 8.2 8.6 8.7 33.9 9.4 Office expenses 6.6 6.5 7.1 6.9 27.3 8.0 7.7 8.5 9.4 33.7 9.5 Taxes and dues 3.7 3.4 3.7 3.3 14.2 3.9 4.2 4.0 4.4 16.6 5.1 (¥ Billions) FY2024 FY2025 Variable costs Bonus and others Fixed costs

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 14 Ordinary Income of Overseas Operations Ordinary Income ◼ Overseas businesses posted record high ordinary income ◼ Europe: Weak M&A performance due to geopolitical risks. ◼ Asia / Oceania: Ordinary income reached a record high, supported by strong equity revenues. ◼ Americas: Significant growth in ordinary income, driven by higher equity revenues. Consolidated FY2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q(¥ Billions) FY2025FY2024 -5 0 5 10 15 Europe Asia / Oceania Americas Overseas Operations Total FY2026 1Q 2Q 3Q 4Q 1Q Overseas Operations Total 3,813 7,619 8,393 6,919 13,144 90.0% 244.7% 26,745 Europe -1,958 324 160 38 -409 - - -1,435 Asia / Oceania 2,448 1,501 2,223 2,504 4,673 86.6% 90.9% 8,677 Americas 3,323 5,793 6,010 4,376 8,879 102.9% 167.2% 19,503 FY2025FY2025(¥ Millions) % Change vs 4Q/FY25 % Change vs 1Q/FY25

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 15 WM Division Net Operating Revenues and Ordinary Income 【Equity】 ◼ Revenue rose by ¥0.9 bn (+4.1%) on higher trading volumes amid favorable market conditions, particularly in foreign equities. 【Fixed Income】 ◼ Revenue increased by ¥0.8 bn (+12.5%) as investment demand grew in response to rising interest rates. 【Equity Investment Trust】 ◼ Distribution commissions increased by ¥1.4 bn (+19.6%), while investment trust agency fees rose by ¥0.7 bn (+7.8%). 【Wrap Account Service】 ◼ Fund wrap services gained traction as a solution for inflation protection and long-term wealth accumulation needs. As a result, wrap-related revenue rose by ¥1.1 bn (+6.5%) to ¥19.1 bn, marking a record high. 【Asset-Based Revenue】 ◼ Asset-based revenues reached a record high of ¥35.8bn, driven by increases in investment trust agency fees and wrap-related revenues. ◼ The fixed cost coverage ratio of asset-based revenues climbed to 125.7%, while the total expense coverage ratio reached 77.3%. 【Net Asset Inflow】 ◼ Both individual and corporate clients continued to record net inflows, with asset inflows remaining strong. Alongside inflows into investment trusts and fund wrap services, inflows originating from yen time deposits at Daiwa Next Bank also continue. *1 For Daiwa Next Bank, net interest income, etc. + net fees and commissions (-) Net interest income etc. = Net interest income/expenses plus foreign exchange gains/losses, gains/losses related to securities transactions including derivatives, etc.; Net fees and commissions = fees paid to Daiwa Securities and Daiwa Connect Securities as banking agents, etc. *For details, see the quarterly trend of asset-based revenue (p.28) and the quarterly trend of net asset inflows (p.27). Net operating revenues 88,230 8.8% 40.3% 295,788 Ordinary income 37,274 12.4% 88.9% 112,033 (¥ Millions) FY2026 1Q % Change vs 4Q/FY25 FY2025 % Change vs 1Q/FY25 0 20 40 60 80 100Equity Fixed income Distribution commission for investment trust Agency fee for investment trust Wrap-related revenues Daiwa Next Bank Other Ordinary income FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Equity 16.6 15.0 18.4 19.7 14.6 19.7 21.9 23.1 24.0 Fixed income 6.5 5.6 5.2 4.8 5.9 5.8 6.3 6.8 7.7 Distribution commission for investment trust 6.4 4.7 6.6 6.4 4.6 5.9 7.7 7.5 9.0 Agency fee for investment trust 7.5 7.6 8.1 8.1 7.8 9.0 9.8 10.1 10.9 Wrap-related revenues 12.9 13.7 14.1 14.1 14.2 15.3 16.9 18.0 19.1 Daiwa Next Bank *1 4.9 6.4 5.6 5.8 6.5 7.9 7.0 8.5 9.9 Other 7.6 7.4 7.9 7.1 8.9 10.7 7.1 6.8 7.3 Net operating revenues 62.6 60.6 66.0 66.4 62.9 74.6 77.1 81.0 88.2 Ordinary income 20.4 15.9 21.0 23.1 19.7 29.5 29.5 33.1 37.2 (¥ Billions) FY2024 FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 【Wrap Account Service】 ◼ Both contract amount of ¥357.7 bn and net inflows of ¥237.6 bn remain at strong levels. ◼ Wrap account AUM reached a record-high of ¥6.76 tn*. 【Equity Investment Trusts】 ◼ Total sales reached ¥582.2 bn, and the net increase amount was ¥115.7 bn, both at high levels. ◼ Demand was broad-based across products, including Physical AI Equity Fund and Global Equity Open. 16 WM Division Daiwa Securities *1 Total contract amount of fund wrap and SMA *2 Insurance include pension insurance, life insurance and business insurance *3 Solicitation of new bond issuance *4 Foreign bonds include yen-denominated foreign bonds *5 Equity investments include switching transactions between funds Sales and Distribution Amount by Product * Includes GM&IB Division Net Inflow Wrap Account Service and Equity Investment Trusts (¥ Billions) 0 500 1,000 1,500 2,000Equity SMA + Fund Wrap Insurance Japanese bonds Foreign bonds Equity investment trusts 101.1 94.2 108.4 174.6 88.9 130.8 117.3 146.6 115.7 173.2 156.3 125.7 94.2 100.3 146.6 224.1 276.2 237.6 0 100 200 300 400 500 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2024 FY2025 FY2026 Wrap account service net inflow Equity investment trusts (Excl. wrap account service) net increase FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Equity 25.5 91.2 168.0 389.0 62.7 105.5 99.0 108.1 156.6 Wrap *1 261.1 239.5 237.0 195.7 194.9 258.9 356.2 386.2 357.7 Insurance *2 21.9 25.1 26.0 27.5 64.6 83.1 38.8 37.5 34.0 Japanese bonds *3 204.7 128.3 122.0 54.0 263.4 97.5 127.2 109.3 247.4 Foreign bonds *4 218.1 238.5 204.4 185.0 160.9 200.9 167.6 219.7 225.4 460.6 390.1 490.1 458.0 357.8 481.8 568.5 586.7 582.2 Asset-based fee plan for investment trust 88.5 79.1 92.5 81.2 62.8 94.7 92.5 101.2 116.9 (¥ Billions) Equity investment trusts *5 FY2024 FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 17 WM Division Daiwa Next Bank Daiwa Next Bank Deposit Balance & Number of Accounts (¥ Billions) ※ All figures are as at the end of each quarter ※ Net interest income, etc. = Net interest income/expenses plus foreign exchange gains/losses, gains/losses related to securities transactions including derivatives, etc. ※ Net interest income, etc. are unaudited reference value. Net Interest Income, etc. / Ordinary Income (Thousands) ◼ Deposits grew to ¥5.3 tn through continued deposit inflows from Daiwa Securities clients, with Daiwa Next Bank functioning effectively as a gateway from savings to investment. ◼ Higher policy rates expanded net interest margins, supporting revenue and earnings growth. Net interest income, etc. 13,053 16.2% 35.0% 42,151 Ordinary income 7,262 15.8% 66.7% 21,149 (¥ Millions) FY2026 1Q % Change vs 4Q/FY25 FY2025 % Change vs 1Q/FY25 0 500 1,000 1,500 2,000 2,500 0 1,000 2,000 3,000 4,000 5,000 6,000 Yen deposits Foreign currency deposits Number of accounts (thousands) FY2026 1Q Net interest income, etc. 17.4 24.1 32.4 37.2 42.1 13.0 Ordinary income 4.2 6.0 10.5 14.1 21.1 7.2 FY2025(¥ Billions) FY2021 FY2022 FY2023 FY2024 0 10 20 30 40 50 Net interest income, etc. (annually) Net interest income, etc. (quarterly) Ordinary income (annually) Ordinary income (quarterly) FY2026 1Q 2,163 2,007 2,296 2,158 2,226 2,309 2,005 1,905 2,194 2,137 2,815 2,981 29 27 37 12 21 17 4,197 3,940 4,528 4,309 5,063 5,308 Foreign currency deposits 569 499 597 688 741 758 1,569 1,662 1,786 1,894 2,288 2,378 FY2025FY2021 FY2022 FY2023(¥ Billions) FY2024 Ordinary deposits Negotiable certificate of deposits / Other Deposit balance Number of accounts (thousands) Time deposits

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 21.9 18.0 20.9 27.8 37.6 15.7 0 10 20 30 40 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 18 AM Division Securities AM 【Securities AM】 ◼ Both revenue and income increased due to growth in average AUM during the period. ◼ Daiwa Asset Management secured a net inflow of ¥422.4 bn in publicly offered equity investment trusts (excluding ETFs). Public investment trusts AUM surpassed ¥43 tn, reaching a record high. ◼ Following the alliance with Japan Post Insurance, investment advisory assets have expanded steadily, strengthening the earnings base. Daiwa Asset Management AUM ※ All figures are as at the end of each quarter Ordinary Income Net operating revenues 21,271 7.8% 40.0% 70,722 Ordinary income 15,709 37.6% 109.0% 37,652 (¥ Millions) FY2026 1Q % Change vs 4Q/FY25 FY2025 % Change vs 1Q/FY25 0 10,000 20,000 30,000 40,000 50,000 60,000 Investment Advisory AUM Private Investment Trusts Public Investment Trusts (¥ Billions) FY2026 1Q 20,261 20,225 27,481 27,378 35,739 42,466 8,268 8,038 10,418 11,425 14,231 16,771 (Net inflow) (347) (516) (663) (1,242) (1,062) (422) 11,993 12,186 17,063 15,952 21,508 25,695 (Net inflow) (275) (-80) (187) (-122) (128) (-245) 1,434 1,365 1,544 1,359 1,466 1,503 21,696 21,590 29,026 28,737 37,206 43,970 1,626 1,802 2,449 2,380 3,220 3,146 351 318 438 1,830 3,025 3,362 23,674 23,712 31,914 32,948 43,452 50,479 Equity investment trusts excl. ETF ETF Bond investment trusts Public Investment Trust AUM Total Private Investment Trust AUM Investment Advisory AUM FY2025FY2024(¥ Billions) FY2021 FY2022 FY2023

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 19 AM Division Real Estate AM 【Real Estate AM】 ◼ Real Estate AM exceeded its FY2030 AUM target, reaching ¥1.8 tn. ◼ AUM at Daiwa Real Estate Asset Management reached a record high, supported by steady asset growth. ◼ Gains on property sales at Daiwa Securities Realty and profits from managed REITs supported revenue and earnings growth. Real Estate Asset Management Business AUM of Two Companies* * Daiwa Real Estate Asset Management, Samty Residential Investment Corp. ※ All figures are as at the end of each quarter Ordinary Income *1 Includes Daiwa Real Estate Asset Management, Daiwa Office Investment, Samty Residential Investment, and Daiwa Securities Realty. *2 Equity earnings of affiliates is included in non-operating revenues. * AUM-linked: Stock income such as rental income from owned real estate and asset management fees linked to AUM and rental income. Other: Equity method investment income from Samty Holdings and gains on sales associated with property replacements. Net operating revenues *1 13,327 47.2% 37.9% 36,885 Ordinary income *2 9,837 0.2% 41.8% 33,053 (¥ Millions) FY2026 1Q % Change vs 4Q/FY25 FY2025 % Change vs 1Q/FY25 0 500 1,000 1,500 2,000 Daiwa Office Investment Corp. Daiwa Residential Private Investment Corp. Daiwa Securities Living Investment Corp. Daiwa Hotel Private Investment Corp. Daiwa Securities Logistics Private Investment Corp. Other Samty Residential Investment Corp. 22.9 26.3 27.0 29.0 33.0 9.8 0 10 20 30 40 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 1Q Other AUM-linked (¥ Billions) FY2026 1Q Daiwa Office Investment Corp. 466 462 468 470 489 487 Daiwa Residential Private Investment Corp. 146 164 173 224 243 253 Daiwa Securities Living Investment Corp. 343 363 397 399 394 399 Daiwa Hotel Private Investment Corp. 54 54 54 58 70 70 Daiwa Securities Logistics Private Investment Corp. 35 51 58 58 67 67 Other 85 110 142 212 361 361 Total 1,131 1,206 1,295 1,424 1,626 1,639 Samty Residential Investment Corp. (Sub sponsor) 147 162 163 171 171 171 1,279 1,369 1,459 1,596 1,797 1,810 FY2025FY2024 Total (Including sub sponsor) (¥ Billions) FY2021 FY2022 FY2023

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 6.4 12.1 18.4 20.5 -5.2 4.8 -10 -5 0 5 10 15 20 25 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 20 AM Division Alternative AM 【Alternative AM】 ◼ Recorded capital gains from exits of certain investments. Principal Investment Balance ※ All figures are as at the end of each quarter * Energy & Infrastructure investment is the investment balance of Daiwa Energy & Infrastructure. Ordinary Income Net operating revenues 6,329 - 88.6% 4,321 Ordinary income 4,815 - 15X -5,272 (¥ Millions) FY2026 1Q % Change vs 4Q/FY25 FY2025 % Change vs 1Q/FY25 FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Daiwa PI Partners Private equity and PIPEs 45 45 45 42 50 32 30 29 23 Monetary claims 61 64 65 79 81 84 66 71 72 Real estate investment 19 19 20 21 21 16 15 15 6 Daiwa Energy & Infrastructure 172 169 166 140 161 154 163 173 173 298 299 298 284 315 288 277 290 276 (¥ Billions) Total FY2024 FY2025 0 100 200 300 400 Energy and infrastructure* Private equity and PIPEs Monetary claims Real estate investment (¥ Billions)

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 -5 0 5 10 15 20 25 30 Equity underwriting Debt underwriting M&A / others Ordinary income 22 GM&IB Division GIB Net Operating Revenues and Ordinary Income 【Equity】 <Offering size> JX Advanced Metals Corporation Japan Airlines Co., Ltd. KOKUSAI ELECTRIC CORPORATION Sumitomo Pharma Co., Ltd. ADVANTEST CORPORATION GO Inc. 【Debt】 <Offering size> SoftBank Group Corp. (35NC5) East Nippon Expressway Co., Ltd. (2/5/7/10 years) NTT Finance Corporation (2/3/5/7/8/10/12 years) Japan Bank for International Cooperation (5 years) European Bank for Reconstruction and Development (5years) 【M&A】 Subordinated Bond Straight Bond ◆ Benchmark Benchmark Benchmark ¥250.0 bn ¥200.0 bn ¥151.6 bn ¥117.4 bn ¥100.0 bn ¥97.2 bn ◆ Sustainability-related Reorganization of Rakuten Group's FinTech business through the acquisition of Rakuten Card Co., Ltd. and Rakuten Securities Holdings, Inc. as subsidiaries via share delivery by Rakuten Bank, Ltd. MBO of Mandom Corporation sponsored by CVC Capital Partners and its affiliates Acquisition of all outstanding shares of Toho Titanium Co., Ltd. by JX Advanced Metals Corporation through a share exchange Tender offer for Takara Bio Inc. by Takara Holdings Inc. Sale of KANAMEL Inc. by Carlyle to Nippon Television Holdings, Inc. Sale of Network Plus (UK) by OMERS Private Equity (Canada) to Warburg Pincus (US) Sale of Camlin Group (UK) to Siemens Energy (Germany) Strategic investment in Regenity Biosciences (US) by Cinven (UK) Capital raising by data center operator Racks Central (Singapore) Net operating revenues 22,658 -6.1% 31.2% 88,922 Ordinary income 3,273 52.5% 262.4% 14,566 (¥ Millions) FY2026 1Q % Change vs 4Q/FY25 FY2025 % Change vs 1Q/FY25 *1 Includes M&A revenues, M&A-related revenues recorded in other segments within the Group, and M&A-related revenues generated by equity-method affiliates etc. ¥418.0 bn ¥185.0 bn USD5.5 bn EUR3.8 bn GBP0.4 bn EUR2.5 bn USD2.0 bn Euro Yen CB Bond-Type Class Shares Block Trade Global PO Euro Yen CB Global IPO FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Equity underwriting 1.9 3.9 6.1 7.1 2.3 4.0 4.8 4.3 4.1 Debt underwriting 3.8 3.4 3.2 2.2 3.1 3.2 2.7 2.2 3.7 M&A / others 9.0 11.7 15.9 16.3 11.7 14.1 18.3 17.5 14.7 Net operating revenues 14.8 19.0 25.3 25.8 17.2 21.4 26.0 24.1 22.6 Ordinary income -2.0 1.1 5.5 6.9 0.9 6.0 5.4 2.1 3.2 Group M&A related revenues *1 10.4 13.7 16.8 17.8 12.5 15.1 18.7 18.8 13.7 (¥ Billions) FY2024 FY2025

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Reference

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 24 Breakdown of Commission Consolidated FY2026 1Q 2Q 3Q 4Q 1Q Total commission 100,398 118,300 128,579 131,203 143,423 9.3% 42.9% 478,481 21,153 26,968 29,578 31,983 34,975 9.4% 65.3% 109,684 8,901 10,831 11,047 9,158 17,072 86.4% 91.8% 39,939 4,761 6,275 7,741 7,731 9,276 20.0% 94.8% 26,509 65,581 74,224 80,211 82,330 82,098 -0.3% 25.2% 302,348 Agency fee and others 6,344 7,545 8,391 8,625 9,341 8.3% 47.2% 30,906 Investment advisory and account management fees 13,895 15,003 16,587 17,825 19,000 6.6% 36.7% 63,311 Insurance sales commission 3,243 4,036 1,230 1,161 1,051 -9.5% -67.6% 9,672 M&A related commission 11,183 13,808 18,860 17,399 12,546 -27.9% 12.2% 61,251 Management fee 23,523 25,832 27,836 28,869 31,465 9.0% 33.8% 106,062 Other 7,391 7,998 7,304 8,448 8,692 2.9% 17.6% 31,143 FY2025 Brokerage commission Underwriting and secondary offering commissions Distribution commission Other commission (¥ Millions) % Change vs 4Q/FY25 % Change vs 1Q/FY25 FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 25 Assets under Custody ※ Data of Daiwa Securities. ※ All figures are as at the end of each quarter. ※ ETFs are recorded in Equitiy. FY2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Equity 61.3 60.2 62.7 60.2 63.2 68.5 72.7 70.7 80.2 Japanese bonds 13.1 13.4 13.7 13.5 13.6 14.2 14.4 14.4 14.7 Foreign bonds 4.8 4.6 4.8 4.7 4.5 4.5 4.5 4.5 4.5 Equity investment trusts 9.5 9.3 9.8 8.9 9.4 10.1 10.9 11.0 12.8 Bond investment trusts 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 Foreign investment trusts 0.3 0.3 0.4 0.4 0.5 0.6 0.6 0.7 0.8 Others 1.5 1.4 1.5 1.4 1.5 1.6 1.7 1.6 2.2 Total 91.5 90.3 93.9 90.2 93.8 100.6 106.0 104.0 116.3 Daiwa Next Bank deposit balance 4.4 4.2 4.3 4.3 4.3 4.7 4.9 5.0 5.3 (¥ Trillions) FY2024 FY2025 0 20 40 60 80 100 120Equity Japanese bonds Foreign bonds Equity investment trusts Bond investment trusts Foreign investment trusts Others

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 26 Number of Accounts and Equity Trading ※ Data from Daiwa Securities. FY2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 3,132 3,171 3,183 3,209 3,210 3,235 3,246 3,277 3,314 Accounts holding equity (thousands) 1,467 1,488 1,493 1,507 1,501 1,494 1,491 1,492 1,495 3,688 3,708 3,733 3,756 3,770 3,776 3,802 3,830 3,885 44 39 44 38 44 42 51 49 53 692 698 700 701 702 701 702 703 725 Contract assets under management (¥ billions) 4,430 4,509 4,736 4,686 4,910 5,302 5,783 6,049 6,765 Number of customers (thousands) 187 193 199 203 208 213 221 231 238 Total number of contracts (thousands) 2,777 2,888 2,656 2,688 2,699 2,994 3,179 3,695 3,180 　Online out of total (thousands) 2,399 2,547 2,281 2,332 2,387 2,581 2,755 3,228 2,815 Total trading value (¥ billions) 3,247 2,994 2,903 2,997 2,744 3,536 4,096 4,891 5,161 　Online out of total (¥ billions) 2,376 2,305 2,051 2,118 2,066 2,595 3,007 3,666 3,966 Trading value (¥ billions) 375 267 430 306 474 573 759 506 922 FY2025 Foreign equity trading value (WM Division (Daiwa Securities)) NISA accounts (thousands) Wrap account service (end of quarter) Accounts with balance (thousands) Online trading accounts (thousands) Newly opened accounts (thousands) Contracts and trading value for individual investors at Daiwa Securities (Japanese Equity) FY2024

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 27 Net Asset Inflow WM Division (Daiwa Securities) Net Asset Inflow (Individuals) WM Division (Daiwa Securities) Net Asset Inflow ※ Net Asset Inflow = net inflow of cash and securities, totaled on a quarterly basis. -100 0 100 200 300 400 500 600 Corporation Individual FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Corporation 180.9 248.2 137.7 308.8 179.1 281.1 228.4 183.9 144.4 Individual 228.4 172.7 71.8 224.4 83.1 180.2 111.1 387.0 347.1 Total 409.4 421.0 209.5 533.3 262.3 461.3 339.5 571.0 491.5 (¥ Billions) FY2024 FY2025 FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Net inflow of cash 172.1 131.4 83.2 164.6 48.0 188.8 109.3 261.1 301.7 Net inflow of securities 56.3 41.3 -11.3 59.8 35.1 -8.6 1.7 125.9 45.3 Total 228.4 172.7 71.8 224.4 83.1 180.2 111.1 387.0 347.1 FY2024 FY2025 (¥ Billions) -100 0 100 200 300 400 500 600 Net inflow of cash Net inflow of securities

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 28 Asset-Based Revenues Asset Balance by Product Equity Investment Trusts, Wrap Account Contract AUM, Foreign Currency Deposits Composition of Revenues ※ Equity investment trusts include portions from wrap account services. FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 55.7 52.8 58.1 59.0 54.6 64.7 68.0 70.5 76.1 Asset-based revenues 27.2 27.8 28.6 27.9 27.5 29.9 32.3 33.4 35.8 Flow revenues 28.4 24.9 29.4 31.1 27.1 34.7 35.7 37.0 40.2 48.9% 52.7% 49.3% 47.3% 50.4% 46.3% 47.5% 47.4% 47.2% 106.4% 104.6% 108.3% 108.0% 103.7% 109.8% 114.6% 120.0% 125.7% 71.4% 68.5% 70.3% 71.2% 70.1% 72.7% 74.3% 76.5% 77.3% FY2024 FY2025 Total cost coverage ratio (¥ Billions) Net operating revenues in WM Division (domestic) Fixed cost coverage ratio Asset-based revenue ratio 0 10 20 30 40 50 60 70 80 Flow revenues Asset-based revenues FY26 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q AUC of equity investment trusts 9.5 9.3 9.8 8.9 9.4 10.1 10.9 11.0 12.8 Contract AUM of Wrap Account 4.4 4.5 4.7 4.6 4.9 5.3 5.7 6.0 6.7 Foreign currency deposits 0.6 0.5 0.6 0.6 0.6 0.7 0.7 0.7 0.7 FY2024 FY2025 (¥ Trillions) 0 2 4 6 8 10 12 14 AUC of equity investment trusts Contract AUM of Wrap Account Foreign currency deposits

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 29 League Table Source: Compiled by Daiwa Securities based on LSEG Data & Analytics April 2026 – June 2026 Primary and secondary equity, IPO, Straight bonds, Agency bonds, and Municipal bonds are based on settlement date. Joint lead manager allotment of Primary and secondary equity, IPO, Straight bonds, Municipal bonds and Agency bonds is based on underwritten amount. Amounts captured in the league tables are expressed as percentages. Figures for Mitsubishi UFJMS include transactions involving both Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities. Overseas equity underwriting by Japanese companies and M&A transactions involving Japanese companies include Morgan Stanley’s contribution. Primary and secondary equity offerings IPO Straight bonds (excl. family bonds) Agency bonds Municipal bonds M&A (Number of deals) Nomura Nomura Daiwa Daiwa SMBC Nikko 29.3% 40.1% 22.9% 24.9% 22.1% Daiwa Goldman Sachs SMBC Nikko Mitsubishi UFJMS Daiwa 26.9% 22.1% 21.6% 21.0% 21.5% SMBC Nikko Bank of America Nomura Nomura Nomura 15.8% 21.8% 19.5% 20.6% 18.6% Mizuho SBI Mitsubishi UFJMS SMBC Nikko Mitsubishi UFJMS 11.7% 7.3% 16.4% 18.7% 18.3% Mitsubishi UFJMS Daiwa Mizuho Mizuho Mizuho 8.3% 4.6% 14.9% 6.1% 8.0% 3rd SMFG (2nd) FY2026 1Q League Table 1st Mizuho 2nd Mitsubishi UFJMS (2nd) 4th Nomura 5th Daiwa

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 30 Value at Risk ◼ Confidence level: 99% (one-side test) ◼ Holding period: 1 day ◼ Adjusted for price correlation between products Range and Assumptions of VaR Consolidated FY2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q VaR （Quarter end） 1.14 1.13 1.30 1.41 1.09 1.13 0.94 1.08 1.01 High 1.40 1.51 1.75 1.48 1.58 1.32 1.40 1.32 1.54 Low 0.90 1.03 1.03 0.99 0.99 0.88 0.90 0.91 0.95 Average 1.15 1.23 1.29 1.22 1.28 1.10 1.15 1.08 1.16 By risk factors (Quarter end) Equity 0.20 0.24 0.18 0.45 0.63 0.46 0.26 0.70 0.47 Interest 0.89 0.81 0.83 0.80 0.82 0.70 0.60 0.82 0.56 Currency 0.36 0.38 0.58 0.18 0.22 0.28 0.25 0.24 0.51 Commodities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 (Ref) Confidence level：95% (one-side test), Holding period：1 day VaR （Quarter end） 0.67 0.82 0.79 0.91 0.76 0.70 0.65 0.73 0.68 (¥ Billions) FY2024 FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 31 Number of Group Employees ※ Number of employees as at the end of each quarter. ※ Total figures are the sum of consolidated group companies. ※ Figures include temporary staff. Consolidated FY2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 15,280 15,229 15,165 15,093 15,558 15,571 15,485 15,298 15,803 Overseas 1,910 1,973 1,952 1,949 1,876 1,892 1,858 1,829 1,839 Total FY2024 FY2025

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 32 Balance Sheet (¥ Billions) Daiwa Securities Balance Sheet (June 30, 2026) ※ Figures in parentheses show changes from March 31, 2026. Daiwa Securities Current assets 17,391 (-107) Current liabilities 15,612 (-209) Trading products 8,025 (-109) Trading products 7,181 (296) Trading securities and other 3,096 (-694) Trading securities and other 2,244 (-316) Derivatives transactions 4,929 (584) Derivatives transactions 4,936 (612) Margin transaction assets 281 (-17) Margin transaction liabilities 47 (4) Loans on margin transactions 195 (33) Loans payables secured by securities 4,100 (-1,497) 85 (-50) Short-term loans payable 1,970 (458) Loans secured by securities 5,073 (-929) Current portion of bonds 257 (-8) Short-term guarantee deposits 532 (27) Long-term liabilities 1,444 (162) Short-term loans receivable 420 (-10) Bonds payable 438 (24) Long-term loans payable 958 (137) Non-current assets 214 (-4) Total liabilities 17,064 (-47) Property, plant and equipment 49 (-0) Net assets 541 (-65) Intangible assets 96 (0) Shareholders' equity 539 (-65) Capital stock 100 － Total assets 17,605 (-112) Total liabilities and net assets 17,605 (-112) Cash collateral pledged for securities borrowing on margin transactions

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 33 Financial Summary I Daiwa Securities FY2026 1Q 2Q 3Q 4Q 1Q 118,567 134,068 142,928 152,057 159,491 4.9% 34.5% 547,621 Commission received 67,451 79,588 83,426 84,441 94,198 11.6% 39.7% 314,907 Brokerage commission 14,353 18,913 20,855 23,077 23,608 2.3% 64.5% 77,199 Stock and others 13,870 18,538 20,277 22,306 22,987 3.1% 65.7% 74,993 8,850 10,066 10,488 8,067 14,269 76.9% 61.2% 37,472 Equity 3,109 3,714 5,991 5,778 7,697 33.2% 147.6% 18,593 Bond and others 5,470 4,368 4,196 2,289 6,571 187.1% 20.1% 16,324 Distribution commission 4,701 6,193 7,651 7,652 9,159 19.7% 94.8% 26,199 Investment trust 4,650 6,105 7,620 7,561 9,095 20.3% 95.6% 25,938 Other commissions 39,546 44,415 44,430 45,643 47,161 3.3% 19.3% 174,036 Agency fee and others 10,138 11,609 12,629 12,992 14,094 8.5% 39.0% 47,369 Investment advisory and account management fees 13,895 15,003 16,587 17,825 19,000 6.6% 36.7% 63,311 Insurance sales commission 3,243 4,036 1,230 1,161 1,051 -9.5% -67.6% 9,672 M&A related commission 5,149 6,702 7,534 6,843 5,287 -22.7% 2.7% 26,229 Net trading income/loss 20,449 21,296 26,379 32,942 31,136 -5.5% 52.3% 101,068 Financial revenues 30,666 33,183 33,121 34,674 34,156 -1.5% 11.4% 131,645 Financial expenses 29,802 30,279 29,728 31,283 31,799 1.6% 6.7% 121,094 88,764 103,789 113,199 120,773 127,691 5.7% 43.9% 426,526 FY2025 Operating revenues Underwriting and secondary offering commissions Net operating revenues (¥ Millions) FY2025 % Change vs 4Q/FY25 % Change vs 1Q/FY25

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14.00 8.80 Contents Title Page Titlepage message 8.80 7.40 7.20 contents one line 5.80 Source. annotation 9.80 4.00 4.60 8.80 14.00 8.80 コンテンツタイトルページタイトルページメッセージ 8.80 7.40 7.20 コンテンツ 1行 5.80 出所・注釈9.80 4.00 4.60 8.80 34 Financial Summary II Daiwa Securities FY2026 1Q 2Q 3Q 4Q 1Q 67,641 71,003 74,621 76,377 82,407 7.9% 21.8% 289,643 Trading related expenses 11,106 11,695 12,409 12,762 15,114 18.4% 36.1% 47,974 Personnel expenses 27,908 29,889 31,470 32,352 34,613 7.0% 24.0% 121,620 Real estate expenses 5,300 5,610 5,719 6,548 5,519 -15.7% 4.1% 23,179 Office cost 15,624 16,117 17,060 16,296 18,089 11.0% 15.8% 65,098 Depreciation 5,104 5,076 5,324 5,583 6,088 9.1% 19.3% 21,089 Taxes and dues 1,292 1,432 1,474 1,599 1,680 5.0% 30.0% 5,800 Other 1,303 1,179 1,162 1,234 1,302 5.4% -0.1% 4,880 21,620 33,246 39,004 44,826 45,796 2.2% 111.8% 138,698 14,946 22,407 26,756 32,096 30,953 -3.6% 107.1% 96,207 10.8% 16.7% 19.1% 21.8% 21.6% 16.2% 325.5% 342.6% 351.9% 331.4% 308.2% 331.4% FY2025 Capital adequacy ratio SG&A Ordinary income Net income ROE（ A nnualized） (¥ Millions) FY2025 % Change vs 4Q/FY25 % Change vs 1Q/FY25

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35 Daiwa Securities Group Inc. Investor Relations E-mail: ir-section@daiwa.co.jp URL: https://www.daiwa-grp.jp/english/ir/ Contact

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