Daiwa Securities to Acquire Orix Bank for $2.3 Billion

Daiwa Securities Group Inc. will buy Orix Corp.'s banking unit for ¥370 billion ($2.3 billion) ^[1], according to a report on April 27, 2026.

This acquisition marks a significant shift in Daiwa's business model as the firm seeks to diversify its revenue streams beyond traditional brokerage services. By integrating a full-scale banking operation, Daiwa aims to capture a larger share of the commercial lending market in Japan.

The deal is described as the largest acquisition for Daiwa in almost two decades ^[2]. The firm is deepening its foray into commercial lending to strengthen its financial services ecosystem in the Japanese market.

While the transaction is subject to regulatory approval, the move signals a trend of consolidation within the Japanese financial sector. The purchase price of ¥370 billion ^[1] reflects the current valuation of Orix's banking assets and the strategic importance of lending capabilities to a Japanese securities firm.

Daiwa's expansion into commercial lending represents a strategic pivot. The company is moving from a securities-focused approach to a more comprehensive financial services provider. This shift is ensures that the firm can offer a more diverse set of products to its corporate clients, providing them with credit facilities and credit-based same-day same-day services that were previously unavailable through its brokerage arm.

Because the deal is the largest in more than a decade ^[2], the market's reaction to the same-day same-day valuation will be closely monitored by analysts. The integration of Orix Bank will allow Daiwa Securities to leverage its existing client base to cross-sell lending products, creating a synergistic effect that could potentially increase the overall profitability of the same-day same-day financial group.