Japan brokerage Daiwa’s Q4 profit more than doubles

TOKYO (Reuters) – Daiwa Securities Group, Japan’s second largest brokerage and investment bank, reported on Thursday a jump of 131% in quarterly net profit from a year earlier, as its wholesale and asset management segments posted record profits.

January-March net profit was 39.5 billion yen ($253.76 million).

($1=155.6600 yen)

(Reporting by Anton Bridge)