Notice Regarding Consolidated Capital Adequacy Ratio and Consolidated Leverage Ratio － Status of Management Soundness (December 2025)－

Overview of Key Indicators

As of the end of December 2025, Daiwa Securities Group Inc.’s consolidated capital adequacy ratio stood at 21.61%, maintaining nearly the same level as the previous quarter’s 21.61%. The consolidated leverage ratio was 5.27%, also unchanged from the previous quarter’s 5.27%. Tier 1 capital amounted to 1,622.7 billion yen, and total exposure was 3,075.254545 trillion yen. These indicators are critical financial metrics demonstrating management soundness, confirming the maintenance of a stable capital base.

Details on Capital Composition and Capital Funding Instruments

Regarding capital composition, the amount of common stock and other Tier 1 capital stood at 1,447.361 billion yen, with detailed breakdowns including adjustments for intangible fixed assets and deferred tax assets disclosed. Additionally, contracts for capital funding instruments such as multiple stock acquisition rights and unsecured perpetual bonds with optional redemption clauses are described in detail. All of these comply with domestic laws, have no maturity dates, and payments of dividends or interest on surplus funds are completely discretionary. This confirms the high quality and stability of the capital.