Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 15 May 2026 (earnings forecast), 7 August 2026 (earnings per share)The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Investment management revenues are expected to increase due to an improved investment environment and other factors, while investment management expenses are expected to increase due to losses on the sale of securities and other factors. Net income attributable to owners of the parent has been revised upward due to the increase in investment management revenues, as the profit and loss impact of gains and losses on the sale of securities and other items will be neutralized through the reversal of the price fluctuation reserve.
| Item | Details |
|---|---|
| Net Sales | 5,130,000 Millions of yen → 5,330,000 Millions of yen（+3.9％） |
| Ordinary income | 250,000 Millions of yen → 200,000 Millions of yen（△20.0％） |
| Profit attributable to owners of the parent | 141,000 Millions of yen → 172,000 Millions of yen（+22.0％） |
| Net income per share | ¥130.35 → ¥159.01 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 15 May 2026 (earnings forecast), 7 August 2026 (earnings per share) |
| Previous-period results | Ordinary revenues of ¥5,625,758 million, ordinary profit of ¥271,946 million, net income attributable to owners of the parent of ¥168,798 million, and earnings per share of ¥152.55 (fiscal year ended March 2026) |
| Reason for the revision | Investment management revenues are expected to increase due to an improved investment environment and other factors, while investment management expenses are expected to increase due to losses on the sale of securities and other factors. Net income attributable to owners of the parent has been revised upward due to the increase in investment management revenues, as the profit and loss impact of gains and losses on the sale of securities and other items will be neutralized through the reversal of the price fluctuation reserve. |
| Dividend forecast revision | The forecast year-end dividend has been increased by ¥2, from ¥25 to ¥27 per share. The forecast annual dividend has been increased from ¥50 to ¥52 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.Although investment management revenues are expected to increase due to an improved investment environment, investment management expenses are also expected to increase due to losses on the sale of securities and other factors. Ordinary profit has therefore been revised downward. Net income attributable to owners of the parent has been revised upward in part because gains and losses on the sale of securities and other items will be neutralized through the reversal of the price fluctuation reserve.