Worth reading
62In focus
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
23.3
% (year-on-year change in net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPOrdinary income401,499¥ millionYear on year +9.2%
Net income attributable to owners of the parent317,566¥ millionYear on year +23.3%Progress 83.6%
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¥451.80
Financial position at period-end
Total assets82,174,280¥ million
of which net assets 3,590,969 ¥ millionEquity ratio 4.3%vs. prior year-end +0.3pt
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+1,220,375
Investment-1,548,833
Financials-196,809
Net change-525,267
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¥22,551,309 million
Segment revenueSegment Individual / Core gross business profit ¥248,472 million / yoy_pct Not disclosed, Segment organizations / Core gross business profit ¥311,796 million / yoy_pct Not disclosed, Segment Investor / Core gross business profit ¥176,901 million / yoy_pct Not disclosed, Segment Real estate / Core gross business profit ¥80,731 million / yoy_pct Not disclosed, Segment Market / Core gross business profit ¥7,049 million / yoy_pct Not disclosed, Segment Asset management business / Core gross business profit ¥111,929 million / yoy_pct Not disclosed, Segment Other / Core gross business profit ¥23,369 million / yoy_pct Not disclosed
Segment profitSegment Individual / Core operating profit ¥56,180 million / yoy_pct Not disclosed, Segment organizations / Core operating profit ¥197,078 million / yoy_pct Not disclosed, Segment Investor / Core operating profit ¥86,002 million / yoy_pct Not disclosed, Segment Real estate / Core operating profit ¥46,739 million / yoy_pct Not disclosed, Segment Market / Core operating profit ¥-19,238 million / yoy_pct Not disclosed, Segment Asset management business / Core operating profit ¥34,043 million / yoy_pct Not disclosed, Segment Other / Core operating profit ¥-53,320 million / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net income¥380,000 million (YoY +19.7%)
Annual Dividend Forecast¥185 (actual for the fiscal year ending March 2026, before the stock split) → ¥47.50 (after the stock split; ¥190 on a pre-split basis)（Approximately 2.7% (on a pre-split basis)）
Payout ratio40.9% (actual for the fiscal year ending March 2026)
Shareholder Return PolicyTotal payout ratio of at least 50% as a guideline. Dividends per share are determined with the aim of setting them at approximately 50% of adjusted net profit excluding gains and losses on the sale of cross-held shares.
Factors Behind Changes in Business Performance
Improvement in net gains on financial transactions due to higher yen interest rates and increased income related to partnership investments; strong fee-related profit from corporate lending, asset management and asset administration; higher gains on stocks and other securities from the sale of cross-held shares; and recognition of gains on the sale of shares in affiliates as extraordinary income. Meanwhile, losses from strengthening the bond portfolio were recorded.
Disclosure regarding the going concern assumption
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 Yes修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 2 / Company name 株式会社Ｌ＆Ｆアセットファイナンス, 三井住友トラストクラブ株式会社
Material subsequent eventsNo applicable matters.
Impairment loss¥13,952 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on disposal of fixed assets ¥462 million, Other extraordinary income (gain on sale of shares in affiliates) ¥41,500 million / Extraordinary loss Losses on disposal of fixed assets ¥1,452 million, Impairment Losses ¥13,952 million
Depreciation and amortization¥50,046 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End698,812,980 shares
Treasury Shares at Period-End1,827,960 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Ordinary income | ¥401,499 million (YoY +9.2%) |
| Profit attributable to owners of the parent | ¥317,566 million (YoY +23.3%) |
| Net income per share | ¥451.80 |
| Equity ratio | End of the current fiscal period 4.3％ / End of previous period 4.0％ |
| Total assets | ¥82,174,280 million |
| Net assets | ¥3,590,969 million |
| Cash flows from operating activities | ¥1,220,375 million |
| Cash flows from investing activities | ¥-1,548,833 million |
| Cash flows from financing activities | ¥-196,809 million |
| Cash and cash equivalents at end of period | ¥22,551,309 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income ¥380,000 million (YoY +19.7%) |
| Annual Dividend Forecast | ¥185 (actual for the fiscal year ending March 2026, before the stock split) → ¥47.50 (after the stock split; ¥190 on a pre-split basis)（Approximately 2.7% (on a pre-split basis)） |
| Payout ratio | 40.9% (actual for the fiscal year ending March 2026) |
| Shareholder Return Policy | Total payout ratio of at least 50% as a guideline. Dividends per share are determined with the aim of setting them at approximately 50% of adjusted net profit excluding gains and losses on the sale of cross-held shares. |
| Segment revenue | Segment Individual / Core gross business profit ¥248,472 million / yoy_pct Not disclosed, Segment organizations / Core gross business profit ¥311,796 million / yoy_pct Not disclosed, Segment Investor / Core gross business profit ¥176,901 million / yoy_pct Not disclosed, Segment Real estate / Core gross business profit ¥80,731 million / yoy_pct Not disclosed, Segment Market / Core gross business profit ¥7,049 million / yoy_pct Not disclosed, Segment Asset management business / Core gross business profit ¥111,929 million / yoy_pct Not disclosed, Segment Other / Core gross business profit ¥23,369 million / yoy_pct Not disclosed |
| Segment profit | Segment Individual / Core operating profit ¥56,180 million / yoy_pct Not disclosed, Segment organizations / Core operating profit ¥197,078 million / yoy_pct Not disclosed, Segment Investor / Core operating profit ¥86,002 million / yoy_pct Not disclosed, Segment Real estate / Core operating profit ¥46,739 million / yoy_pct Not disclosed, Segment Market / Core operating profit ¥-19,238 million / yoy_pct Not disclosed, Segment Asset management business / Core operating profit ¥34,043 million / yoy_pct Not disclosed, Segment Other / Core operating profit ¥-53,320 million / yoy_pct Not disclosed |
| Depreciation and amortization | ¥50,046 million |
| Impairment loss | ¥13,952 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of fixed assets ¥462 million, Other extraordinary income (gain on sale of shares in affiliates) ¥41,500 million / Extraordinary loss Losses on disposal of fixed assets ¥1,452 million, Impairment Losses ¥13,952 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 2 / Company name 株式会社Ｌ＆Ｆアセットファイナンス, 三井住友トラストクラブ株式会社 |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 698,812,980 shares |
| Treasury Shares at Period-End | 1,827,960 shares |
| Factors Behind Changes in Business Performance | Improvement in net gains on financial transactions due to higher yen interest rates and increased income related to partnership investments; strong fee-related profit from corporate lending, asset management and asset administration; higher gains on stocks and other securities from the sale of cross-held shares; and recognition of gains on the sale of shares in affiliates as extraordinary income. Meanwhile, losses from strengthening the bond portfolio were recorded. |
Items this document does not state (6)
Net SalesOperating profitOperating MarginRevision to Earnings ForecastRegional 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 gains on financial transactions improved due to higher yen interest rates and increased income related to partnership investments. Fee-related profit from corporate lending, asset management and asset administration also remained strong. Meanwhile, the Company recorded losses from strengthening its bond portfolio. Ordinary profit increased as gains on stocks and other securities rose, supported by steady sales of cross-held shares. Net income attributable to owners of the parent also benefited from the recognition of gains on the sale of shares in affiliates as extraordinary income.
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.