Financial Results Presentation Materials for the First Quarter of Fiscal 2026 | Sony Financial Group Inc. (8729) timely disclosure

Worth reading

68In focus

Scored from 5 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

570

¥100 million (full-year forecast revision for consolidated profit before tax)

Wording

Avoiding a definitive answer

How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ended March 20269 items taken from the company’s own explanation

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

Net Sales268,033 Millions of yen operating revenue

Ordinary income¥13,723 million profit before tax, IFRS

Results for the three months of the current quarter

Consolidated operating revenue

¥268,033 million

Consolidated profit before tax

¥13,723 million

Consolidated adjusted net income

¥31,503 million

Full-year earnings forecast

Consolidated operating revenue

¥10,700 100 million

Consolidated profit before tax

¥370 100 million

Consolidated adjusted net income

¥1,100 100 million

Adjusted net income from the life insurance business

¥850 100 million

Adjusted net income from the non-life insurance business

¥120 100 million

Adjusted net income from the banking business

¥150 100 million

Dividend per share

¥8

What the company explained in this material

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

First-quarter adjusted net income

Life insurance business

Decrease in repo costs and increase in investment income from risk assets, among other factors+¥4.0 billion

Increase in loss components-¥2.0 billion

Interest-Rate Hedging+¥2.0 billion

Increase in CSM amortization and other factors+¥1.5 billion

Non-life insurance business

Expense control+¥700 million

Increase in incurred claims-¥600 million

Impact of higher revenue+¥500 million

Increase in insurance finance income or expenses due to higher interest rates+¥400 million

Banking Business

Improvement in net interest income from yen and foreign-currency operations+¥2.0 billion

Increase in operating expenses, including advertising and promotion costs-¥900 million

Increase in revenue from market investment operations+¥0.8 billion

ESR

Impact of higher interest rates-7pt

New business acquisition+1pt

Impact of initiatives+3pt

Dividends-2pt

Shareholder Returns-1pt

Other+1pt

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

40-year JGB yield

3.9 % July monthly average

Market conditions impactAssumes no significant changes from the levels as of the end of March 2026

New initiatives

Expanding sales of single-premium whole life insurance with an MVA (market value adjustment), launched in February 2026
Publication of progress on customer confirmations, targeted for mid-September 2026

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

Annualized premiums from new business¥380 100 million
Year on year against the same period last year-6.5%
Consolidated adjusted net income¥315 100 million
Year on year against the same period last year+43.6%
Consolidated ESR173 %
Year on year against the same period last year-4 pts from the end of the previous fiscal year
Annualized premiums from in-force policies¥13,988 100 million
CSM balance¥20,979 100 million
Combined ratio85.5 %
Year on year against the same period last yearImproved
Net premiums written¥561 100 million
Year on year against the same period last yearIncreased
Yen deposit balance¥39,898 100 million
Year on year against the same period last yearIncreased from the end of FY25
Foreign-currency deposit balance¥7,617 100 million
Year on year against the same period last yearDecreased from the end of FY25

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Balance per account for foreign-currency deposit holders

¥576 10,000

Number of foreign-currency accounts

39 ten thousand items

Segment results

Life insurance business

Operating revenue

¥182,443 million

Income before taxes

¥1,642 million

Adjusted net income

¥23,146 million

Year on year against the same period last yearAdjusted net income: +34.1% year on year

Non-life insurance business

Operating revenue

¥49,145 million

Income before taxes

¥6,898 million

Adjusted net income

¥4,979 million

Year on year against the same period last yearAdjusted net income: +42.7% year on year

Banking Business

Operating revenue

¥32,978 million

Income before taxes

¥6,002 million

Adjusted net income

¥4,214 million

Year on year against the same period last yearAdjusted net income: +126.3% year on year

Annual Dividend

Annual dividend per share

¥8

Interim Dividend

¥4

Year-end dividend

¥4

Payout ratio

49 % FY26 forecast

PolicyAs a guideline, IFRS adjusted net income × a payout ratio of 40–50%

Acquisition of treasury shares

FY2025 actual results

698

Amount unit¥100 million

Number of Shares4.4

Share unit100 million shares

Retired3.79

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ended March 2026
Net Sales	268,033 Millions of yen (operating revenue)
Ordinary income	¥13,723 million (profit before tax, IFRS)
Results for the three months of the current quarter	Consolidated operating revenue ¥268,033 million / Consolidated profit before tax ¥13,723 million / Consolidated adjusted net income ¥31,503 million
Full-year earnings forecast	Consolidated operating revenue ¥10,700 100 million / Consolidated profit before tax ¥370 100 million / Consolidated adjusted net income ¥1,100 100 million / Adjusted net income from the life insurance business ¥850 100 million / Adjusted net income from the non-life insurance business ¥120 100 million / Adjusted net income from the banking business ¥150 100 million / Dividend per share ¥8
Segment results	Life insurance business Operating revenue ¥182,443 million / Income before taxes ¥1,642 million / Adjusted net income ¥23,146 million / Year on year against the same period last year Adjusted net income: +34.1% year on year / Non-life insurance business Operating revenue ¥49,145 million / Income before taxes ¥6,898 million / Adjusted net income ¥4,979 million / Year on year against the same period last year Adjusted net income: +42.7% year on year / Banking Business Operating revenue ¥32,978 million / Income before taxes ¥6,002 million / Adjusted net income ¥4,214 million / Year on year against the same period last year Adjusted net income: +126.3% year on year
Breakdown of Factors Affecting the Change	First-quarter adjusted net income Life insurance business Decrease in repo costs and increase in investment income from risk assets, among other factors +¥4.0 billion / Increase in loss components -¥2.0 billion / Interest-Rate Hedging +¥2.0 billion / Increase in CSM amortization and other factors +¥1.5 billion / Non-life insurance business Expense control +¥700 million / Increase in incurred claims -¥600 million / Impact of higher revenue +¥500 million / Increase in insurance finance income or expenses due to higher interest rates +¥400 million / Banking Business Improvement in net interest income from yen and foreign-currency operations +¥2.0 billion / Increase in operating expenses, including advertising and promotion costs -¥900 million / Increase in revenue from market investment operations +¥0.8 billion / ESR Impact of higher interest rates -7pt / New business acquisition +1pt / Impact of initiatives +3pt / Dividends -2pt / Shareholder Returns -1pt / Other +1pt
Key KPIs	Indicator name Annualized premiums from new business / Value ¥380 100 million / Year on year against the same period last year -6.5%, Indicator name Consolidated adjusted net income / Value ¥315 100 million / Year on year against the same period last year +43.6%, Indicator name Consolidated ESR / Value 173 % / Year on year against the same period last year -4 pts from the end of the previous fiscal year, Indicator name Annualized premiums from in-force policies / Value ¥13,988 100 million / Year on year against the same period last year Not disclosed, Indicator name CSM balance / Value ¥20,979 100 million / Year on year against the same period last year Not disclosed, Indicator name Combined ratio / Value 85.5 % / Year on year against the same period last year Improved, Indicator name Net premiums written / Value ¥561 100 million / Year on year against the same period last year Increased, Indicator name Yen deposit balance / Value ¥39,898 100 million / Year on year against the same period last year Increased from the end of FY25, Indicator name Foreign-currency deposit balance / Value ¥7,617 100 million / Year on year against the same period last year Decreased from the end of FY25
Unit price and quantity metrics	Balance per account for foreign-currency deposit holders ¥576 10,000 / Number of foreign-currency accounts 39 ten thousand items
Assumptions Underlying the Business Outlook	40-year JGB yield 3.9 % (July monthly average) / Market conditions impact Assumes no significant changes from the levels as of the end of March 2026
Annual Dividend	Annual dividend per share ¥8 / Interim Dividend ¥4 / Year-end dividend ¥4
Payout ratio	49 % (FY26 forecast)
Acquisition of treasury shares	FY2025 actual results Amount 698 / Amount unit ¥100 million / Number of Shares 4.4 / Share unit 100 million shares / Retired 3.79
New initiatives	Expanding sales of single-premium whole life insurance with an MVA (market value adjustment), launched in February 2026, Publication of progress on customer confirmations, targeted for mid-September 2026

Items this document does not state (16)

Operating profitNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsCapital 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 full-year forecast for consolidated profit before tax was revised from -¥20 billion to ¥37 billion, reflecting a decrease in losses on bond sales following a review of assets to be sold by Sony Life, as well as a gain on the transfer of an equity-method investment related to SP.LINKS. Adjusted net income for the first quarter increased as a result of higher earnings in the life insurance, non-life insurance and banking businesses.

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.

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