(Dec 22): Daiwa Securities Group Inc is resuming an expansion of its mergers and acquisitions (M&A) business to capitalise on a dealmaking boom at home and lift its standing abroad. Since then, Daiwa has reported strong growth in M&A-related earnings thanks to a jump in transactions in Japan. The Tokyo-based brokerage is considering raising its revenue target for its mergers advisory business for the year ending March 2031 to ¥100 billion (RM2.58 billion) from the current ¥70 billion, Ogino said. Daiwa remains on course to increase the number of its M&A bankers worldwide to 900 by March 2031, from about 640 currently, he said. It launched a four-member team focusing on cross-border transactions in April, and has recently added two more to the group.

Source: The Edge Markets December 22, 2025 15:50 UTC