Daiwa Profit Climbs to Seven-Year High on Brokerage Commissions

Daiwa Profit Climbs to Seven-Year High on Brokerage Commissions

Tomohiro Ohsumi/Bloomberg

Pedestrians walk past a Daiwa Securities Co. branch in Tokyo. Daiwa joins Nomura Holdings Inc. in boosting profit from Japan’s equity market rebound, which has been fueled by Prime Minister Shinzo Abe as he pushes to end deflation and stimulate the economy.