Overview of Financial Results for the Fiscal Year Ending March 2026 | JAPAN POST INSURANCE Co.,Ltd. (7181) timely disclosure

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Mixed performance

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Scale

453

¥100 million

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Conditional

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Contents of this document

Financial results presentationFiscal year ending March 20269 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Ordinary income¥2,719 100 million+59.7%

Net income¥1,687 100 million+36.7%

Selling, general and administrative expenses¥4,835 100 million

Full-year earnings forecast

Ordinary revenue

¥51,300 100 million

Ordinary income

¥2,500 100 million

Net income for the current fiscal year

¥1,410 100 million

Adjusted profit

1,550 Approximately ¥100 million

Underlying profit

3,800 Approximately ¥100 million

Positive spread

2,700 Approximately ¥100 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Decrease in the burden of additional standard policy reserves related to the first year of new business¥283 100 million
Decrease in business expenses and other costs¥264 100 million
Decrease in insurance claims paid and other factors¥102 100 million
Decrease in in-force policies and other factors¥-13 100 million
Increase in dividends from equities and alternative investments and other factors¥833 100 million
Decrease in interest and dividends on bonds and other securities¥-298 100 million
Decrease in required interest¥360 100 million
Decrease in currency hedging costs¥235 100 million
Increase in losses on sales of bonds and other factors¥-948 100 million
Decrease in provision for the contingency reserve¥565 100 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

10-year Japanese government bond yield (end of March 2027)2.58 %
US dollar hedging cost (end of March 2027)2.42 %
USD/JPY exchange rate¥150.7
Nikkei 225¥51,064
New business (individual insurance)80 Approximately 10,000 policies
Number of lapsed policies (individual insurance)140 Approximately 10,000 policies

New initiatives

Revision of level-premium products from May 2026
Revision of assumed mortality rates for single-premium whole life insurance from May 2026
Change in the breakdown of core profit and introduction of investment-related gains and losses from the fiscal year ending March 2027
New medium-term management plan and shareholder return policy commencing in the fiscal year ending March 2027

Key KPIsA metric the company considers important as a management benchmark.

Value of new business¥615 100 million
Year on year against the same period last year-9.4%
EV¥42,565 100 million
Year on year against the same period last year+8.0%
Positive spread¥2,555 100 million
Year on year against the same period last year+79.3%
Adjusted ROE10.1 %
Year on year against the same period last year+1.3%

Medium-term management plan targets

TargetAdjusted profit
Target value¥1,900 100 million
Target fiscal yearFiscal year ending March 2029
TargetDividend per share
Target value62 Yen or more
Target fiscal yearFiscal year ending March 2029
TargetTotal Payout Ratio
Target value55 Three-year average %
Target fiscal yearFiscal years ending March 2027 to March 2029

Financial targets

Adjusted ROE

Actual results10.1 %

RoEV

Target value6〜8%

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

¥-50 100 million
Details50bp decline in domestic interest rates
¥-100 100 million
Details50bp increase in hedging costs
¥-200 100 million
Details10% appreciation of the yen against foreign currencies
¥-100 100 million
Details10% cut in equity dividends

Annual Dividend

Fiscal year ending March 2026

Annual¥124

Breakdown62 yen interim, 62 yen year-end

Forecast for the fiscal year ending March 2027

Annual¥150before stock split

BreakdownInterim ¥75, year-end ¥75

Acquisition of treasury shares

Acquisition amount¥449 100 million

PeriodNovember 2025 to March 2026

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Fiscal year ending March 2026
Ordinary income	¥2,719 100 million (YoY +59.7%)
Net income	¥1,687 100 million (YoY +36.7%)
Selling, general and administrative expenses	¥4,835 100 million
Full-year earnings forecast	Ordinary revenue ¥51,300 100 million / Ordinary income ¥2,500 100 million / Net income for the current fiscal year ¥1,410 100 million / Adjusted profit 1,550 Approximately ¥100 million / Underlying profit 3,800 Approximately ¥100 million / Positive spread 2,700 Approximately ¥100 million
Breakdown of Factors Affecting the Change	Factors Decrease in the burden of additional standard policy reserves related to the first year of new business / Amount ¥283 100 million, Factors Decrease in business expenses and other costs / Amount ¥264 100 million, Factors Decrease in insurance claims paid and other factors / Amount ¥102 100 million, Factors Decrease in in-force policies and other factors / Amount ¥-13 100 million, Factors Increase in dividends from equities and alternative investments and other factors / Amount ¥833 100 million, Factors Decrease in interest and dividends on bonds and other securities / Amount ¥-298 100 million, Factors Decrease in required interest / Amount ¥360 100 million, Factors Decrease in currency hedging costs / Amount ¥235 100 million, Factors Increase in losses on sales of bonds and other factors / Amount ¥-948 100 million, Factors Decrease in provision for the contingency reserve / Amount ¥565 100 million
Key KPIs	Indicator name Value of new business / Value ¥615 100 million / Year on year against the same period last year ¥-9.4 100 million, Indicator name EV / Value ¥42,565 100 million / Year on year against the same period last year ¥8 100 million, Indicator name Positive spread / Value ¥2,555 100 million / Year on year against the same period last year ¥79.3 100 million, Indicator name Adjusted ROE / Value 10.1 % / Year on year against the same period last year 1.3 %
Assumptions Underlying the Business Outlook	Item 10-year Japanese government bond yield (end of March 2027) / Value 2.58 %, Item US dollar hedging cost (end of March 2027) / Value 2.42 %, Item USD/JPY exchange rate / Value ¥150.7, Item Nikkei 225 / Value ¥51,064, Item New business (individual insurance) / Value 80 Approximately 10,000 policies, Item Number of lapsed policies (individual insurance) / Value 140 Approximately 10,000 policies
Risk amount incorporated into the outlook	Details 50bp decline in domestic interest rates / Amount ¥-50 100 million, Details 50bp increase in hedging costs / Amount ¥-100 100 million, Details 10% appreciation of the yen against foreign currencies / Amount ¥-200 100 million, Details 10% cut in equity dividends / Amount ¥-100 100 million
Medium-term management plan targets	Target Adjusted profit / Target value ¥1,900 100 million / Target fiscal year Fiscal year ending March 2029, Target Dividend per share / Target value 62 Yen or more / Target fiscal year Fiscal year ending March 2029, Target Total Payout Ratio / Target value 55 Three-year average % / Target fiscal year Fiscal years ending March 2027 to March 2029
Financial targets	Adjusted ROE Actual results 10.1 % / RoEV Target value 6〜8%
Annual Dividend	Fiscal year ending March 2026 Annual ¥124 / Breakdown 62 yen interim, 62 yen year-end / Forecast for the fiscal year ending March 2027 Annual ¥150 (before stock split) / Breakdown Interim ¥75, year-end ¥75
Acquisition of treasury shares	Acquisition amount ¥449 100 million / Period November 2025 to March 2026
New initiatives	Revision of level-premium products from May 2026, Revision of assumed mortality rates for single-premium whole life insurance from May 2026, Change in the breakdown of core profit and introduction of investment-related gains and losses from the fiscal year ending March 2027, New medium-term management plan and shareholder return policy commencing in the fiscal year ending March 2027

Items this document does not state (16)

Net SalesOperating profitGross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

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.

The company cited a decrease in the burden of additional standard policy reserves related to the first year of new business, an increase in dividends from equities and alternative investments, an increase in positive spread exceeding the decrease in interest and dividend income from bonds, a decrease in required interest, and a decrease in business expenses and other costs. The decline in new business was attributed to factors including lower sales of single-premium whole life insurance.

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