1951
The Securities Investment Trust Law is enacted. The Big four
(Nomura, Nikko, Yamaichi and Daiwa) securities firms’
investment trusts begin placing offerings. Stock Investment
Trust is reopened.
1952
Daiwa Securities develops and offers publicly the open investment
trust. From now on investment trusts undergo many changes,
helping Japan grow and offering the average, non-institutional
investors a way into market.
late 1950s
The Japanese economy grows at an unprecedented rate. The securities
market experiences high trading volumes and stock prices rises.
Securities firms prosper because of relaxed regulation and
overall economic boom.
1956
Daiwa Securities moves to a modern building in Japan at Gofukubashi,
installing Japanese-made computers (at that time the most
advanced electronic equipment available) to cope with the
rapidly growing stock market.
Restructuring takes place: the wholesale business is separated from retail activities. As a result Daiwa Securities is able to effect a capital increase, an expansion in underwriting activity and growth in corporate finance activity.
1957
Chisato Fukuda becomes president of Daiwa Securities, adopts
the company slogan to encourage employees to act with “careful
boldness”. Carefulness, according to Mr Fukuda, means
a cautious appraisal of the work while formulating a plan.
Once objectives have been established, employees should pursue
these objectives boldly and confidently.
1959
Stock Investment Trust becomes the dominant force during the
stock market boom in the late 1950s.
Daiwa Securities - with its tradition of overseas transactions dating from the Meiji era - opens its first overseas office in New York.
1960
The big four (Nomura, Nikko, Yamaichi and Daiwa) securities
houses form investment sales companies.
