Daiwa Securities Posts Loss In October-December Period

Daiwa Securities Group Inc DSEEY posted a loss in the October-December period. Daiwa Securities posted a loss of Y21.57 billion in the period, versus a net loss of Y19.35 billion in the July-September quarter. The company posted a net profit of Y1.18 billion in the year-ago period. Daiwa Securities' revenue dropped 21% to Y92.92 billion versus Y118.21 billion. Daiwa Securities shares closed at $3.61 yesterday.