April 30, 2014 / 6:27 AM / 3 years ago

REFILE-Japan's Daiwa Securities Q4 profit falls 31 pct

1 Min Read

(Removes extraneous word from headline)

TOKYO, April 30 (Reuters) - Daiwa Securities Group Inc on Wednesday reported a 31 percent fall in fourth-quarter profit after investors lost enthusiasm in government economic policies that sparked a surge in stock prices last year.

Daiwa, Japan's second-largest broker after Nomura Holdings Inc, booked a net profit of 33.2 billion yen for January-March from 48.8 billion yen in the same period a year earlier.

The result compared with the 30.7 billion yen mean estimate of 2 analysts polled by Thomson Reuters. (Reporting by Ritsuko Ando and Nathan Layne; Editing by Christopher Cushing)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below