Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
89650
Millions of yen (year-on-year increase in ordinary profit)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings summarySecond quarter (first half) of the fiscal year ending March 20274 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income363,698 Millions of yen
Net income216,236 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher interest and dividend income and other income+¥59.6 billion year on year
- Higher gains on sales of securities+¥272.2 billion year on year
- Investment income+¥341.6 billion year on year
- Investment expenses, driven mainly by higher losses on sales of securities+¥255.7 billion year on year
- Investment-related income and expenses on the general account+¥85.8 billion year on year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Start of fiscal year: 2.355% → end of first half: 3.060%Assumption10-year JGB yield
- Start of fiscal year: ¥51,063 → end of first half: ¥66,753AssumptionNikkei Stock Average
- Start of fiscal year: 3,497 points → end of first half: 4,108 pointsAssumptionTOPIX
- Start of fiscal year: ¥159.88 → end of first half: ¥157.35AssumptionJPY/USD exchange rate
- Start of fiscal year: ¥183.41 → end of first half: ¥178.34AssumptionYen/euro exchange rate
New initiatives
- Reduce market-related risk through sales of domestically listed equities and replacement of bonds held to match policy reserves
- Lending and investment in infrastructure, and investment in alternative and real assets
- Selective lending in growth areas such as structured finance during the second half
- Investment in new properties, including residential, commercial, and logistics facilities
Key KPIsA metric the company considers important as a management benchmark.
- Total in-force policies and annualized premiums¥19,654 100 millionYear on year against the same period last year100.2% versus the previous fiscal year-end
- Total new business and annualized premiums¥526 100 millionYear on year against the same period last year99.4%
- Number of in-force individual insurance and individual annuity policies25,432 thousand transactionsYear on year against the same period last year100.4% versus the previous fiscal year-end
- Investment-related income and expenses on the general account¥5,164 100 millionYear on year against the same period last yearUp ¥85.8 billion year on year
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings summary |
| Fiscal Period Covered | Second quarter (first half) of the fiscal year ending March 2027 |
| Ordinary income | 363,698 Millions of yen |
| Net income | 216,236 Millions of yen |
| Breakdown of Factors Affecting the Change | Factors Higher interest and dividend income and other income / Amount +¥59.6 billion year on year, Factors Higher gains on sales of securities / Amount +¥272.2 billion year on year, Factors Investment income / Amount +¥341.6 billion year on year, Factors Investment expenses, driven mainly by higher losses on sales of securities / Amount +¥255.7 billion year on year, Factors Investment-related income and expenses on the general account / Amount +¥85.8 billion year on year |
| Key KPIs | Indicator name Total in-force policies and annualized premiums / Value ¥19,654 100 million / Year on year against the same period last year 100.2% versus the previous fiscal year-end, Indicator name Total new business and annualized premiums / Value ¥526 100 million / Year on year against the same period last year 99.4%, Indicator name Number of in-force individual insurance and individual annuity policies / Value 25,432 thousand transactions / Year on year against the same period last year 100.4% versus the previous fiscal year-end, Indicator name Investment-related income and expenses on the general account / Value ¥5,164 100 million / Year on year against the same period last year Up ¥85.8 billion year on year |
| Assumptions Underlying the Business Outlook | Assumption 10-year JGB yield / Value Start of fiscal year: 2.355% → end of first half: 3.060%, Assumption Nikkei Stock Average / Value Start of fiscal year: ¥51,063 → end of first half: ¥66,753, Assumption TOPIX / Value Start of fiscal year: 3,497 points → end of first half: 4,108 points, Assumption JPY/USD exchange rate / Value Start of fiscal year: ¥159.88 → end of first half: ¥157.35, Assumption Yen/euro exchange rate / Value Start of fiscal year: ¥183.41 → end of first half: ¥178.34 |
| New initiatives | Reduce market-related risk through sales of domestically listed equities and replacement of bonds held to match policy reserves, Lending and investment in infrastructure, and investment in alternative and real assets, Selective lending in growth areas such as structured finance during the second half, Investment in new properties, including residential, commercial, and logistics facilities |
Items this document does not state (23)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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 company attributed the increase in investment income to higher interest and dividend income and gains on sales of securities. It said investment expenses increased mainly because of higher losses on sales of securities.
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.