Group Companies

Major Consolidated Subsidiaries

Affiliated Companies Accounted for Using the Equity Method

Company Name

Location

Business Activities

Established

Capital*1

Aozora Bank Shareholding (%)*1

Group Shareholding (%)*1

Orient Commercial
Joint Stock Bank

Ho Chi Minh
City, Vietnam

Banking business

May 10,
1996

26,683
billions of VND

15.0

-

Other Associated Companies

Company Name

Location

Business Activities

Established

Capital*1

Voting Rights (%)*1

Daiwa Securities Group Inc.

Chiyoda-ku, Tokyo

Holding company

December 27, 1943

247,397
millions of JPY

23.9

  1. As of September 30, 2025
  2. As of February 20, 2026 (as a result of the capital increase on the same date)
As of April 1, 2026