Daiwa Securities Group Annual Report 2012 05 Note: The figures for the number of Retail Division branches are current as of June 30, 2012; all other figures are current either as of March 2012 or based on annual  performance results for fiscal 2011. This business conducts principal investment in companies and  others, as well as launches investment funds. It provides venture  capital to promising new companies and takes private equity  stakes in mature businesses, not only supplying capital to the  target company but also giving management support and  advice to companies in which it invests. The Asset Management business specializes in managing  financial assets, offering customers fund management and  investment advisory services. It launches and manages invest- ment trusts that meet the needs of individual investors, provides  investment advice to institutional investors, and creates and  manages real estate investment trusts. In this way, the Group  supports asset creation efforts within Japan. The Wholesale business, which includes the Global Markets and  Global Investment Banking operations, helps corporations in  Japan and overseas to procure the necessary funds to support  their operations, and also oversees fund management activities  for the Group. The Global Markets business conducts stock,  bond and other financial instrument sales and trading mainly for  institutional investors. The Global Investment Banking business  underwrites the negotiable security issues of corporations and  financial institutions and provides advisory services to support  their M&A efforts. The Retail business responds to the asset management needs  of Japanese individual investors and plays a valuable role in  linking the asset formation activities of individuals to the supply  of funds to the financial markets. With 120 branches nationwide  and an advanced online infrastructure, Daiwa Securities pro- vides a full spectrum of financial products and services from  stock, bond and investment trust to pension insurance and  wrap account service. Retail Division Wholesale Division (Global Markets and Global Investment Banking)  Asset Management Division Investment Division GLYPH<129> Principal investment values: ¥121.0 billion GLYPH<129> Assets from investment funds:  ¥307.7 billion from 74 funds  GLYPH<129> Balance of assets for investment advisory  business: ¥2.2 trillion GLYPH<129> Balance of assets in mutual funds:  ¥9.1 trillion GLYPH<129> Balance of assets under management:  ¥13.9 trillion GLYPH<129> Global network: Offices in 20 countries  and regions GLYPH<129> Listed Japanese corporations of which  Daiwa Securities Group served as lead  manager: 727, 21% share of total (based  on data from Toyo Keizai “Japan Com- pany Handbook”) GLYPH<129> Total value of stock trading: ¥51.9 trillion GLYPH<129> Total value of underwriting and distribu- tion: ¥227.9 billion (equity), ¥7.4 trillion  (bond) GLYPH<129> Branches: 120  GLYPH<129> Number of cash management service  accounts: 3,455,000 GLYPH<129> Online trading accounts: 2,457,000 GLYPH<129> Total customer assets: ¥41.8 trillion Net oper ating  r evenues ¥ 172.0 billion Net oper ating  r evenues ¥ 78.5  billion Net oper ating  revenues ¥ 37.4  billion Net oper ating  r evenues ¥ 1.1  billion