---
title: "Daiwa Next Bank operating profile (大和ネクスト銀行)"
aliases:
  - "banking/daiwa-next-bank"
  - "Daiwa Next Bank operating profile"
  - "大和ネクスト銀行 operating profile"
  - "Daiwa Next Bank Ltd."
  - "Daiwa Securities Group bank"
domain: banking
created: 2026-05-25
last_updated: 2026-07-29
last_tended: 2026-07-29
review_by: 2026-10-27
confidence: likely
tags: [banking, net-bank, securities-bank, daiwa-sg, MRF, sweep-deposit, securities-bank-hybrid]
status: active
sources:
  - "https://www.bank-daiwa.co.jp/"
  - "https://www.bank-daiwa.co.jp/about/company/profile/"
  - "https://www.bank-daiwa.co.jp/info/"
  - "https://www.bank-daiwa.co.jp/about/disclosure/transition/"
  - "https://www.bank-daiwa.co.jp/about/company/message/"
  - "https://www.bank-daiwa.co.jp/info/2026/pdf/0427_02.pdf"
  - "https://www.daiwa-grp.jp/"
  - "https://www.daiwa-grp.jp/ir/"
  - "https://www.fsa.go.jp/menkyo/menkyoj/ginkou.xlsx"
canonical_anchor: regional-banks/daiwa-next-bank
---

# Daiwa Next Bank operating profile (大和ネクスト銀行)

## Wiki route

This entry sits under [[banking/INDEX|banking index]] as the operating-profile companion to the entity anchor at [[regional-banks/daiwa-next-bank|大和ネクスト銀行 entity anchor]]. Read it within the segment map at [[banking/japan-net-bank-competition-map|Japan net bank competition map]], with parent context at [[securities-firms/daiwa-sg|Daiwa Securities Group]] and the to-be-consolidated [[trust-banks/orix-bank|Orix Bank]] page, against the securities-adjacent net-bank peer [[banking/sony-bank|Sony Bank]] and the broker-bank cohort [[banking/rakuten-bank|Rakuten Bank]] (linked to [[securities-firms/rakuten-securities|Rakuten Securities]]) · [[banking/au-jibun-bank|au Jibun Bank]] (linked to [[securities-firms/au-kabucom-securities|au Kabucom]]) · [[regional-banks/ssnb|SSNB]] (linked to [[securities-firms/sbi-securities|SBI Securities]]). For the broker-side comparator route through [[securities/INDEX|securities index]] and the integration of MRF (money reserve fund) and bank sweep-deposit mechanics through [[securities/japan-online-brokerage-competition|Japan online brokerage competition]].

## TL;DR

大和ネクスト銀行 (Daiwa Next Bank, Ltd.) is the wholly-owned banking subsidiary of [[securities-firms/daiwa-sg|Daiwa Securities Group, Inc.]] (TSE Prime 8601). It is the **securities-bank hybrid** anchor on the Daiwa side, mirroring the architectural pattern of [[regional-banks/ssnb|SSNB]] (SBI), [[banking/au-jibun-bank|au Jibun Bank]] (KDDI / Mitsubishi UFJ), and [[banking/rakuten-bank|Rakuten Bank]] (Rakuten Securities adjacency). Its franchise is built around the **integration of brokerage cash flow into banking** — sweep-deposit linkage with Daiwa Securities accounts and multi-currency deposit support that complements 外貨建て投信 sales.

Deposit / account as-of date: **2026-03-31**. The deposit base was about 5.06 trillion yen (5,063.7 billion yen across 2,288 thousand accounts, combined yen and foreign-currency deposits), built primarily from Daiwa Securities-account customers.

ORIX Bank transaction announcement date: **2026-04-27**. Daiwa Securities Group and Daiwa Next Bank announced a transaction under which Daiwa Next Bank would acquire all outstanding shares of [[trust-banks/orix-bank|Orix Bank]]. The announcement describes the transaction rationale and conditions; it does not establish completion. This page therefore keeps announced structure, closing status, and any later consolidated financial effects separate. ^[Source: https://www.bank-daiwa.co.jp/info/2026/pdf/0427_02.pdf.]

## 1. Identity and group position

| Item | Reading |
|---|---|
| Legal name | 株式会社大和ネクスト銀行 |
| English name | Daiwa Next Bank, Ltd. |
| Established | 2010-04-01 |
| Opening | 2011-04-15 |
| Bank-license category | 普通銀行 (ordinary bank under 銀行法), classed under FSA "その他の銀行" |
| Parent | [[securities-firms/daiwa-sg|Daiwa Securities Group, Inc. (TSE Prime 8601)]] (100%) |
| Announced transaction | [[trust-banks/orix-bank|Orix Bank]] — all-share acquisition by Daiwa Next Bank announced 2026-04-27; completion must be confirmed separately |
| Brokerage sibling | [[securities-firms/daiwa-securities|大和証券]] — primary brokerage operating company in the group |
| HQ | Tokyo |
| Channel architecture | App + web + brokerage-counter cross-touch via Daiwa Securities branches |
| Primary regulator | 金融庁 (FSA) |

Sources: identity, establishment/opening dates, ownership, and license category are supported respectively by Daiwa Next Bank's company profile and the FSA licensed-bank workbook. The Orix Bank row records only the announced transaction and must not be read as a completed acquisition. ^[Sources: https://www.bank-daiwa.co.jp/about/company/profile/; https://www.fsa.go.jp/menkyo/menkyoj/ginkou.xlsx; https://www.bank-daiwa.co.jp/info/2026/pdf/0427_02.pdf.]

### Why a securities group built a bank

1. **MRF (money reserve fund) ←→ bank-deposit substitution.** Pre-2000s, brokerage account-cash sat in MRF investment-trust products. The post-2000 reform allowed brokerages to direct customer cash into affiliated bank deposits (sweep). Owning the bank captures the deposit spread that previously flowed to external MMF / MRF managers.
2. **Cross-sell with brokerage products.** Customers who already trust Daiwa Securities for investment will move household deposit balances to a Daiwa-branded bank, enabling integrated asset-formation cross-sell.
3. **Defence against ecosystem-bank disruption.** [[banking/rakuten-bank|Rakuten Bank]] linked to [[securities-firms/rakuten-securities|Rakuten Securities]] and [[regional-banks/ssnb|SSNB]] linked to [[securities-firms/sbi-securities|SBI Securities]] established the bank-broker integrated model as standard. Without its own bank, Daiwa would have been exposed to its customers' brokerage cash leaking to those ecosystems.

### Announced group structure if the Orix Bank transaction completes

```
Daiwa Securities Group, Inc. (TSE Prime 8601)
  ├── 大和証券 (Daiwa Securities, brokerage operating company)
  ├── 大和ネクスト銀行 (this entry — net bank)
  │     └── (announced; not recorded here as completed) [[trust-banks/orix-bank|Orix Bank, Ltd.]]
  ├── [[asset-managers/daiwa-asset-management|Daiwa Asset Management]]
  ├── [[trust-banks/daiwa-living-trust|Daiwa Living Trust]]
  └── Other group subsidiaries (PB, IB, IT, etc.)
```

### Brokerage-linked deposit core (MRF / sweep mechanics)

The defining product axis is the integration with Daiwa Securities cash management:

| Mechanism | Function |
|---|---|
| Sweep deposit | Cash in a Daiwa Securities account sweeps into Daiwa Next Bank deposits during non-trading periods, earning interest higher than MRF in some periods |
| Trade-settlement cash flow | Proceeds from securities sales credit through the linked Daiwa Next Bank account |
| MRF substitution | The historical role of MRFs is partially absorbed by sweep-deposit mechanics in the bank-broker integrated model |
| Multi-currency support | Foreign-currency deposit products that complement 外貨建て投信 / 外貨建て債券 sales at Daiwa Securities |

### Yen and foreign-currency deposit

| Product | Role |
|---|---|
| Yen ordinary deposit | Core account; balanced with sweep flow |
| Yen time deposit | Promotional rates around brokerage-customer acquisition cycles |
| Foreign-currency deposit | USD, EUR, AUD and other currencies — designed to complement foreign-currency investment products |
| Foreign-currency time deposit | Tenor-matched product menu |

### Asset-formation support

The bank's positioning is explicitly **asset-formation support** rather than payment-frequency banking:

- No major credit-card franchise of its own — payment-frequency play is not a strategic axis.
- Limited consumer-lending product set — focused on the affluent / mass-affluent customer segment that Daiwa Securities serves.

### Channel architecture: securities-bank hybrid

Unlike pure online net banks, Daiwa Next Bank can touch customers through three channels:

| Channel | Role |
|---|---|
| Mobile app + web | Online deposit / transfer / FX / time-deposit operations |
| Daiwa Securities branch counter | Cross-introduction at brokerage face-to-face touchpoints |
| Daiwa Securities relationship officer | Wealth-management-style introduction for mass-affluent customers |

### What was announced

On **2026-04-27**, Daiwa Securities Group and Daiwa Next Bank disclosed the decision for Daiwa Next Bank to acquire all outstanding shares of [[trust-banks/orix-bank|Orix Bank, Ltd.]]. The release sets out conditions and a planned schedule; this page requires a later completion disclosure before moving the transaction into completed group structure. ^[Source: https://www.bank-daiwa.co.jp/info/2026/pdf/0427_02.pdf.]

### Why the deal matters

The transaction release identifies the parties' existing franchises and the intended combination. Until completion and post-close disclosure, however, mortgage origination, trust activity, deposits, earnings, and capital remain attributable to their respective legal entities. Any consolidated effect must be taken from a dated post-close financial disclosure rather than projected from the announcement.

### Operating-integration questions

- **Single merged bank** under one license (Daiwa Next Bank + Orix Bank operationally integrated).
- **Sister-bank structure** with two licenses (Orix Bank retained as a separate operating subsidiary of Daiwa Securities Group, with mortgage and real-estate-loan specialisation).
- **Franchise split** with deposit and securities-cash management at Daiwa Next, mortgage and real-estate-loan at Orix Bank under the same holding.

The choice has not been publicly confirmed and is a key open question for the consolidated strategy.

## 4. KPI shape

Daiwa Next Bank publishes a periodic disclosure (the standard 銀行法-required ディスクロージャー誌) and KPI updates appear in the Daiwa Securities Group quarterly IR cycle.

| Metric | Dated public evidence | Publication boundary |
|---|---|---|
| Deposit balance / accounts | ¥5,063.7bn and 2,288 thousand accounts at 2026-03-31; the series combines yen and foreign-currency deposits and includes deposits from group companies | Preserve the source definition and date; do not add Orix Bank before a completion and consolidation disclosure |
| Capital ratio | Approximately 21.9% at 2026-03-31 in the president's message | Cite the disclosed ratio and measurement date; a peer rank requires a same-date, same-definition dataset |
| Foreign-currency deposits | Published within the bank's periodic disclosure and deposit-history materials | Do not infer a peer ranking without a reconciled comparison set |
| Loans, ROE, and earnings | Published in Daiwa Next Bank disclosure materials and Daiwa Securities Group IR | Keep standalone and any future consolidated figures separate |

Sources: the KPI table is a dated evidence map, not a forecast of transaction effects. ^[Sources: https://www.bank-daiwa.co.jp/about/disclosure/transition/; https://www.bank-daiwa.co.jp/about/company/message/; https://www.bank-daiwa.co.jp/about/disclosure/.]

### Securities-bank hybrid cohort

| Group | Bank | Brokerage | Public evidence to compare |
|---|---|---|---|
| **Daiwa Securities Group** | **Daiwa Next Bank** | Daiwa Securities | Group ownership, bank-agent relationship, account-link product terms, and dated segment disclosure |
| Sumitomo Mitsui Trust / SBI-related route | [[regional-banks/ssnb|SSNB / NEOBANK]] | [[securities-firms/sbi-securities|SBI Securities]] | Current ownership, partner contracts, account-link terms, and separate legal-entity disclosure |
| KDDI / MUFG-related route | [[banking/au-jibun-bank|au Jibun Bank]] | [[securities-firms/au-kabucom-securities|au Kabucom Securities]] | Current ownership, account-link terms, and dated disclosure |
| Rakuten group route | [[banking/rakuten-bank|Rakuten Bank]] | [[securities-firms/rakuten-securities|Rakuten Securities]] | Current ownership, account-link terms, and dated disclosure |

Sources: this cohort is a research route, not a ranking. Ownership and product relationships must be rechecked in each entity's current official disclosure before publication. ^[Sources: https://www.bank-daiwa.co.jp/about/company/profile/; https://www.daiwa-grp.jp/ir/; https://www.fsa.go.jp/menkyo/menkyoj/ginkou.xlsx.]

### Where Daiwa Next does not compete

- **Ecosystem-points payment frequency.** No captive point economy of the Rakuten / PayPay / au scale.
- **Pure SME / corporate API.** Not the architecture — that is [[banking/gmo-aozora-net-bank|GMO Aozora Net Bank]]'s lane.
- **Smartphone-only mass acquisition.** The franchise is anchored on existing Daiwa Securities customers, not on broad-base smartphone-first acquisition.

## 6. Regulatory and policy boundary

| Layer | Statute / regulator | Implication |
|---|---|---|
| Bank supervision | 銀行法 + 金融庁 監督指針 | Standard ordinary-bank supervision |
| Securities cross-sell | 金融商品取引法 — for 投信 distribution and brokerage cash management | Standard suitability and disclosure obligations; sweep-deposit mechanics under specific FSA guidance |
| Holding-group consolidation | 金融商品取引法 + 銀行法 持株会社 rules | Consolidated supervision through Daiwa Securities Group |
| Foreign-currency deposit | FSA + BoJ statistics + AML | Cross-border AML applied |
| Deposit insurance | 預金保険機構 | JPY deposit coverage applies |
| Announced Orix Bank transaction | Transaction disclosure and applicable regulatory approvals | Status and legal-entity perimeter must be updated only from a later official completion notice |

Sources: the regulatory table is a navigation summary rather than legal advice. License classification comes from the FSA workbook; transaction-specific conditions and status come from the parties' releases. ^[Sources: https://www.fsa.go.jp/menkyo/menkyoj/ginkou.xlsx; https://www.bank-daiwa.co.jp/info/2026/pdf/0427_02.pdf; https://www.dic.go.jp/yokinsha/page_000134.html.]

## Related

- [[banking/INDEX]]
- [[banking/japan-net-bank-competition-map]]
- [[banking/post-megabank-positioning]]
- [[banking/japan-banking-license-tier-comparison-matrix]]
- [[banking/sony-bank]]
- [[banking/rakuten-bank]] · [[banking/paypay-bank]] · [[banking/au-jibun-bank]]
- [[banking/gmo-aozora-net-bank]]
- [[banking/ui-bank]]
- [[regional-banks/daiwa-next-bank]]
- [[securities-firms/daiwa-sg]]
- [[trust-banks/orix-bank]]
- [[asset-managers/daiwa-asset-management]]
- [[trust-banks/daiwa-living-trust]]
- [[regional-banks/ssnb]]
- [[securities-firms/sbi-securities]]
- [[securities-firms/au-kabucom-securities]]
- [[securities-firms/rakuten-securities]]
- [[securities/INDEX]]
- [[securities/japan-online-brokerage-competition]]

## Sources

- Daiwa Next Bank corporate site (https://www.bank-daiwa.co.jp/).
- Daiwa Next Bank company profile (https://www.bank-daiwa.co.jp/about/company/profile/).
- Daiwa Next Bank disclosure / press page (https://www.bank-daiwa.co.jp/info/).
- Daiwa Next Bank account-count and deposit-balance history (口座数・預金残高の推移): 5,063.7 billion yen deposits / 2,288 thousand accounts as of 2026-03-31, combined yen + foreign currency incl. group-company deposits (https://www.bank-daiwa.co.jp/about/disclosure/transition/).
- Daiwa Next Bank president's message — 2026-03-31 deposits, accounts, and capital-ratio snapshot (https://www.bank-daiwa.co.jp/about/company/message/).
- Daiwa Securities Group corporate / IR site (https://www.daiwa-grp.jp/, https://www.daiwa-grp.jp/ir/).
- Daiwa Securities Group / Daiwa Next Bank announcement on the planned Orix Bank acquisition (2026-04-27, https://www.bank-daiwa.co.jp/info/2026/pdf/0427_02.pdf).
- FSA licensed bank list (https://www.fsa.go.jp/menkyo/menkyoj/ginkou.xlsx).