Worth reading
57In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
88.4
% (year-on-year change in ordinary profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales2,871,029¥ million (ordinary income)Year on year +9.6%
Operating profit84,584¥ million (ordinary profit)Year on year +88.4%
Ordinary income84,584¥ millionYear on year +88.4%
Net income attributable to owners of the parent55,498¥ millionYear on year -29.6%
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.
Net income per share¥7.96
Operating Margin2.9% (ordinary profit margin on ordinary revenue)
Financial position at period-end
Total assets23,807,190¥ million
of which net assets 629,284 ¥ millionEquity ratio 2.6%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+445,493
Investment-1,191,512
Financials+25,742
Net change-720,277
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¥483,159 million
Segment revenueLife insurance business ¥2,531,621 million (ordinary income) (YoY +9.4%), Non-life insurance business ¥191,320 million (ordinary income) (YoY +13.3%), Banking Business ¥129,839 million (ordinary income) (YoY +11.0%)
Segment profitLife insurance business ¥59,407 million (ordinary profit) (YoY +188.2%), Non-life insurance business ¥12,523 million (ordinary profit) (YoY +73.9%), Banking Business ¥16,718 million (ordinary profit) (YoY -11.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales1,050,000 Millions of yen (operating revenue) (YoY +3.2%)
Operating profit¥-18,000 million
Ordinary income¥-20,000 million (profit before tax, IFRS)
Net income¥-16,000 million (profit for the year attributable to owners of the parent, IFRS)
Annual Dividend Forecast¥7.6 → ¥8（+5.3%）
Payout ratio47.7% (actual for the fiscal year ended March 2026)
Shareholder Return PolicyPolicy of aiming for stable dividend growth (numeric target: Not disclosed)
Factors Behind Changes in Business Performance
In the life insurance business, foreign exchange gains and reinsurance income increased, while earnings also improved as a result of partial outward reinsurance of existing policies and market fluctuations, including foreign exchange gains and losses. In the non-life insurance business, net premiums written increased and the loss ratio declined owing to fewer natural disasters and other factors. In the banking business, investment income increased, but fee income related to housing loans declined and operating expenses increased.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationAdded 1 company: ソニーフィナンシャルベンチャーズ＆グローバル・ブレインフロンティア株式会社 (from the third quarter of the fiscal year ended March 2026). Exclusions: Not disclosed. The cover page states that there was no material change in the scope of consolidation.
Material subsequent eventsAn absorption-type merger between consolidated subsidiaries will be carried out effective 1 April 2027, with ライフケアデザイン株式会社 as the surviving company and プラウドライフ株式会社 as the absorbed company. The purposes are to consolidate management functions, accelerate decision-making, unify brands, strengthen sales capabilities, and centralize governance and internal controls. The impact on consolidated results is immaterial.
Impairment loss¥27 million (¥5 million in the life insurance business and ¥21 million in Other)
Breakdown of extraordinary income (loss)Extraordinary income Government subsidies ¥186 million, Gain on disposal of fixed assets and other assets ¥446 million, Gain on reversal of subscription rights to shares ¥2 million / Extraordinary loss Loss on disposal of fixed assets and other assets ¥702 million, Impairment Losses ¥27 million, Provision for statutory reserves (provision for reserve for price fluctuations) ¥2,858 million, Other extraordinary losses ¥859 million
Depreciation and amortization¥19,151 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for investors and analysts)
Issued Shares at Period-End6,770,358,214 shares
Treasury Shares at Period-End61,911,026 shares
| 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 | ¥2,871,029 million (ordinary income) (YoY +9.6%) |
| Operating profit | ¥84,584 million (ordinary profit) (YoY +88.4%) |
| Ordinary income | ¥84,584 million (YoY +88.4%) |
| Profit attributable to owners of the parent | ¥55,498 million (YoY -29.6%) |
| Net income per share | ¥7.96 |
| Operating Margin | 2.9% (ordinary profit margin on ordinary revenue) |
| Equity ratio | End of the current fiscal period 2.6% / End of previous period 2.9% |
| Total assets | ¥23,807,190 million |
| Net assets | ¥629,284 million |
| Cash flows from operating activities | ¥445,493 million |
| Cash flows from investing activities | ¥-1,191,512 million |
| Cash flows from financing activities | ¥25,742 million |
| Cash and cash equivalents at end of period | ¥483,159 million |
| Full-year earnings forecast | Net Sales 1,050,000 Millions of yen (operating revenue) (YoY +3.2%) / Operating profit ¥-18,000 million / Ordinary income ¥-20,000 million (profit before tax, IFRS) / Net income ¥-16,000 million (profit for the year attributable to owners of the parent, IFRS) |
| Annual Dividend Forecast | ¥7.6 → ¥8（+5.3%） |
| Payout ratio | 47.7% (actual for the fiscal year ended March 2026) |
| Shareholder Return Policy | Policy of aiming for stable dividend growth (numeric target: Not disclosed) |
| Segment revenue | Life insurance business ¥2,531,621 million (ordinary income) (YoY +9.4%), Non-life insurance business ¥191,320 million (ordinary income) (YoY +13.3%), Banking Business ¥129,839 million (ordinary income) (YoY +11.0%) |
| Segment profit | Life insurance business ¥59,407 million (ordinary profit) (YoY +188.2%), Non-life insurance business ¥12,523 million (ordinary profit) (YoY +73.9%), Banking Business ¥16,718 million (ordinary profit) (YoY -11.5%) |
| Depreciation and amortization | ¥19,151 million |
| Impairment loss | ¥27 million (¥5 million in the life insurance business and ¥21 million in Other) |
| Breakdown of extraordinary income (loss) | Extraordinary income Government subsidies ¥186 million, Gain on disposal of fixed assets and other assets ¥446 million, Gain on reversal of subscription rights to shares ¥2 million / Extraordinary loss Loss on disposal of fixed assets and other assets ¥702 million, Impairment Losses ¥27 million, Provision for statutory reserves (provision for reserve for price fluctuations) ¥2,858 million, Other extraordinary losses ¥859 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Added 1 company: ソニーフィナンシャルベンチャーズ＆グローバル・ブレインフロンティア株式会社 (from the third quarter of the fiscal year ended March 2026). Exclusions: Not disclosed. The cover page states that there was no material change in the scope of consolidation. |
| Material subsequent events | An absorption-type merger between consolidated subsidiaries will be carried out effective 1 April 2027, with ライフケアデザイン株式会社 as the surviving company and プラウドライフ株式会社 as the absorbed company. The purposes are to consolidate management functions, accelerate decision-making, unify brands, strengthen sales capabilities, and centralize governance and internal controls. The impact on consolidated results is immaterial. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for investors and analysts) |
| Issued Shares at Period-End | 6,770,358,214 shares |
| Treasury Shares at Period-End | 61,911,026 shares |
| Factors Behind Changes in Business Performance | In the life insurance business, foreign exchange gains and reinsurance income increased, while earnings also improved as a result of partial outward reinsurance of existing policies and market fluctuations, including foreign exchange gains and losses. In the non-life insurance business, net premiums written increased and the loss ratio declined owing to fewer natural disasters and other factors. In the banking business, investment income increased, but fee income related to housing loans declined and operating expenses increased. |
Items this document does not state (3)
Revision 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.Ordinary revenue increased in the life insurance, non-life insurance and banking businesses. Ordinary profit increased in the life insurance business, owing to improved earnings resulting from partial outward reinsurance of existing policies and market fluctuations, including foreign exchange gains and losses, and in the non-life insurance business, owing to a lower loss ratio resulting from fewer natural disasters and other factors, although profit declined in the banking business. Profit in the banking business declined because fee income related to housing loans decreased and operating expenses increased.
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.