Worth reading
28Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
3155
Hundreds of millions of yenWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026 (end-March 2026)4 items taken from the company’s own explanation
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Adjustment from the old basis to the new basis¥61.7 billion
- Adjustment to EV as of end-March 2025–¥89.9 billion
- Value of new business in fiscal 2025¥61.5 billion
- Expected return (release of discount rate margin)¥60.3 billion
- Expected return (excess return)¥178.9 billion
- Difference between actual results and assumptions (non-economic assumptions)-¥4.9 billion
- Changes in assumptions (non-economic assumptions)¥70.3 billion
- Difference between actual results and assumptions (economic assumptions)–¥22.3 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- 1.116%AssumptionsRisk-free rate (1 year)
- 2.396%AssumptionsRisk-free rate (10 years)
- 1.700%AssumptionsExpected return after taking into account the asset allocation ratio for the company as a whole
- 10%AssumptionsConsumption tax rate
- 1.42% (terminal level: 2%)AssumptionsFuture inflation rate
- 28.00%AssumptionsEffective tax rate (fiscal 2025)
- 28.93%AssumptionsEffective tax rate (fiscal 2026 onward)
Key KPIsA metric the company considers important as a management benchmark.
- Value of new business615 Hundreds of millions of yenYear on year against the same period last year–¥6.3 billion
- New business margin5.93 %Year on year against the same period last yearUp 2.48 percentage points year on year
Acquisition of treasury shares
¥46.9 billion
PeriodFY2025
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 (end-March 2026) |
| Breakdown of Factors Affecting the Change | Factors Adjustment from the old basis to the new basis / Amount ¥61.7 billion, Factors Adjustment to EV as of end-March 2025 / Amount –¥89.9 billion, Factors Value of new business in fiscal 2025 / Amount ¥61.5 billion, Factors Expected return (release of discount rate margin) / Amount ¥60.3 billion, Factors Expected return (excess return) / Amount ¥178.9 billion, Factors Difference between actual results and assumptions (non-economic assumptions) / Amount -¥4.9 billion, Factors Changes in assumptions (non-economic assumptions) / Amount ¥70.3 billion, Factors Difference between actual results and assumptions (economic assumptions) / Amount –¥22.3 billion |
| Key KPIs | Indicator name Value of new business / Value 615 Hundreds of millions of yen / Year on year against the same period last year –¥6.3 billion, Indicator name New business margin / Value 5.93 % / Year on year against the same period last year Up 2.48 percentage points year on year |
| Assumptions Underlying the Business Outlook | Assumptions Risk-free rate (1 year) / Value 1.116%, Assumptions Risk-free rate (10 years) / Value 2.396%, Assumptions Expected return after taking into account the asset allocation ratio for the company as a whole / Value 1.700%, Assumptions Consumption tax rate / Value 10%, Assumptions Future inflation rate / Value 1.42% (terminal level: 2%), Assumptions Effective tax rate (fiscal 2025) / Value 28.00%, Assumptions Effective tax rate (fiscal 2026 onward) / Value 28.93% |
| Acquisition of treasury shares | Amount ¥46.9 billion / Number of Shares Not disclosed / Period FY2025 |
Items this document does not state (25)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives
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 calculation method was changed to the new basis, which is based on an economic value-based balance sheet. The increase in EV was also attributed to factors including higher unrealized gains on domestic equities resulting from the rise in domestic share prices.
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.