Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
Premium and other income increased mainly because sales at Dai-ichi Frontier Life increased. The decrease in net income was due mainly to the application of the new U.S. insurance accounting standards at Protective Life Corporation.
None (the notes on going concern state that there are no applicable matters)
| 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 | ¥11,308,275 million (YoY +14.5%) |
| Ordinary income | ¥753,688 million (YoY -0.3%) |
| Profit attributable to owners of the parent | ¥436,597 million (YoY -4.8%) |
| Net income per share | ¥119.83 |
| Equity ratio | End of the current fiscal period 5.7 / End of previous period 5.2 |
| Total assets | ¥74,159,096 million |
| Net assets | ¥4,254,212 million |
| Cash flows from operating activities | ¥792,158 million |
| Cash flows from investing activities | ¥-926,255 million |
| Cash flows from financing activities | ¥-127,230 million |
| Cash and cash equivalents at end of period | ¥2,087,588 million |
| Full-year earnings forecast | Net Sales ¥10,666,000 million (YoY -5.7%) / Operating profit Not disclosed / Ordinary income ¥869,000 million (YoY +15.3%) / Net income ¥513,000 million (YoY +17.5%) |
| Annual Dividend Forecast | ¥54.5 → ¥72（+32.1%） |
| Payout ratio | 45.5 |
| Segment revenue | Domestic insurance business ¥8,155,625 million, International Insurance Business ¥3,523,786 million, Other Businesses ¥79,050 million |
| Segment profit | Domestic insurance business ¥676,269 million, International Insurance Business ¥112,629 million, Other Businesses ¥340,204 million |
| Regional sales | ¥7,501,192 million, ¥2,111,276 million, ¥1,695,807 million |
| Depreciation and amortization | ¥98,095 million |
| Impairment loss | ¥10,058 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of fixed assets and other assets ¥13,570 million, Gain on changes in equity interests ¥8,748 million, Other extraordinary income ¥188 million / Extraordinary loss Loss on disposal of fixed assets and other assets ¥17,110 million, Impairment Losses ¥10,058 million, Provision for price fluctuation reserve ¥15,305 million, Other extraordinary losses ¥71 million |
| Disclosure regarding the going concern assumption | None (the notes on going concern state that there are no applicable matters) |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not disclosed |
| Material subsequent events | Protective Life Corporation made Portfolio Holding, Inc. a subsidiary on 1 January 2026. It also decided to acquire Obsidian Insurance Holdings, Inc. and signed an agreement on 28 April 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 3,621,895,219 |
| Treasury Shares at Period-End | 20,944,204 |
| Factors Behind Changes in Business Performance | Premium and other income increased mainly because sales at Dai-ichi Frontier Life increased. The decrease in net income was due mainly to the application of the new U.S. insurance accounting standards at Protective Life Corporation. |
Items this document does not state (5)
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.Premium and other income increased, mainly because sales at Dai-ichi Frontier Life increased. The decrease in net income attributable to owners of the parent was due mainly to the application of the new U.S. insurance accounting standards at Protective Life Corporation. For the next fiscal year, ordinary income is expected to decline due mainly to a decrease in investment income at Protective Life Corporation, while ordinary profit and net income are expected to increase, driven mainly by growth in the overseas life insurance business.