Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
59.7
%Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales5,625,758¥ millionYear on year -8.8%Progress 109.7%
Ordinary income271,946¥ millionYear on year +59.7%Progress 108.8%
Net income attributable to owners of the parent168,798¥ millionYear on year +36.7%Progress 119.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥152.55
Operating Margin4.8%
Financial position at period-end
Total assets58,442,160¥ million
of which net assets 4,153,628 ¥ millionEquity ratio 7.1%vs. prior year-end +1.7pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating-1,884,930
Investment+1,786,069
Financials-124,238
Net change-223,099
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥1,752,984 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥5,130,000 million (YoY -8.8%)
Operating profitNot disclosed
Ordinary income¥250,000 million (YoY -8.1%)
Net income¥141,000 million (YoY -16.5%)
Annual Dividend Forecast¥124 → ¥50（Not directly comparable due to the stock split）
Payout ratio27.1% (fiscal year ended March 2026), 38.4% (forecast for the fiscal year ending March 2027)
Shareholder Return PolicyDuring the period covered by the medium-term management plan, the company will in principle not reduce dividends and aims to increase the dividend to at least ¥62 per share in fiscal 2028. The company aims for a total payout ratio of approximately 55% on a medium-term average basis.
Factors Behind Changes in Business Performance
The main factors were a decrease in the standard policy reserve burden related to the first year of new contracts and an increase in the positive spread resulting from improved investment conditions, among others. Ordinary revenues decreased due to lower insurance premiums and other income.
Disclosure regarding the going concern assumption
None (the notes on going concern state that there are no applicable matters)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsEffective 1 April 2026, the company split each share of common stock into 3 shares and changed the number of authorized shares from 2.4 billion to 4.4 billion. The company plans to cancel 30,650,400 treasury shares on 30 June 2026.
Impairment loss¥2,558 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on disposal of fixed assets and other assets ¥10 million, Reversal of price fluctuation reserve ¥110,697 million / Extraordinary loss Loss on disposal of fixed assets and other assets ¥321 million, Impairment Losses ¥2,558 million
Depreciation and amortization¥38,474 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End1,115,468,100
Treasury Shares at Period-End31,855,704
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥5,625,758 million (YoY -8.8%) |
| Ordinary income | ¥271,946 million (YoY +59.7%) |
| Profit attributable to owners of the parent | ¥168,798 million (YoY +36.7%) |
| Net income per share | ¥152.55 |
| Operating Margin | 4.8% |
| Equity ratio | End of the current fiscal period 7.1% / End of previous period 5.4% |
| Total assets | ¥58,442,160 million |
| Net assets | ¥4,153,628 million |
| Cash flows from operating activities | ¥-1,884,930 million |
| Cash flows from investing activities | ¥1,786,069 million |
| Cash flows from financing activities | ¥-124,238 million |
| Cash and cash equivalents at end of period | ¥1,752,984 million |
| Full-year earnings forecast | Net Sales ¥5,130,000 million (YoY -8.8%) / Operating profit Not disclosed / Ordinary income ¥250,000 million (YoY -8.1%) / Net income ¥141,000 million (YoY -16.5%) |
| Annual Dividend Forecast | ¥124 → ¥50（Not directly comparable due to the stock split） |
| Payout ratio | 27.1% (fiscal year ended March 2026), 38.4% (forecast for the fiscal year ending March 2027) |
| Shareholder Return Policy | During the period covered by the medium-term management plan, the company will in principle not reduce dividends and aims to increase the dividend to at least ¥62 per share in fiscal 2028. The company aims for a total payout ratio of approximately 55% on a medium-term average basis. |
| Depreciation and amortization | ¥38,474 million |
| Impairment loss | ¥2,558 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of fixed assets and other assets ¥10 million, Reversal of price fluctuation reserve ¥110,697 million / Extraordinary loss Loss on disposal of fixed assets and other assets ¥321 million, Impairment Losses ¥2,558 million |
| Disclosure regarding the going concern assumption | None (the notes on going concern state that there are no applicable matters) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | Effective 1 April 2026, the company split each share of common stock into 3 shares and changed the number of authorized shares from 2.4 billion to 4.4 billion. The company plans to cancel 30,650,400 treasury shares on 30 June 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 1,115,468,100 |
| Treasury Shares at Period-End | 31,855,704 |
| Factors Behind Changes in Business Performance | The main factors were a decrease in the standard policy reserve burden related to the first year of new contracts and an increase in the positive spread resulting from improved investment conditions, among others. Ordinary revenues decreased due to lower insurance premiums and other income. |
Items this document does not state (6)
Operating profitRevision to Earnings ForecastSegment revenueSegment profitRegional salesOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Net income attributable to owners of the parent increased due to a decrease in the standard policy reserve burden related to the first year of new contracts and an increase in the positive spread resulting from improved investment conditions, among other factors.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.