• Daiwa Securities Group average net profit margin for 2023 was 7.78%, a 37.56% increase from 2022.
• Daiwa Securities Group average net profit margin for 2022 was 12.46%, a 36.36% decline from 2021.
• Daiwa Securities Group average net profit margin for 2021 was 19.58%, a 89.91% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.