Worth reading
36Immaterial
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Mixed performance
Direction inferred from the company’s description.Scale
8340
¥ million (year-on-year increase in profit for the quarter attributable to owners of the parent)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20273 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,118,750 million+11.2%
Net income¥264,300 million+3.3%
Results for the three months of the current quarterThe results for the first quarter alone include insurance revenue and revenue from the solutions business of ¥2,118,750 million, profit for the quarter attributable to owners of the parent of ¥264,300 million, and adjusted net income of ¥261,351 million.
Full-year earnings forecastStrategic equity holdings sales of ¥430,000 million (initial full-year forecast)
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。Strategic equity holdings sales: 54.7%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Insurance revenue, etc.: domestic insurance +¥23,336 million, overseas insurance +¥194,570 million, solutions -¥11,211 million, and other +¥6,443 million / Profit for the quarter: domestic insurance +¥10,695 million, domestic non-life insurance -¥19,374 million, domestic life insurance +¥30,069 million, overseas insurance +¥965 million, solutions -¥1,449 million, and other -¥1,869 million / Adjusted net income: domestic insurance -¥17,313 million, domestic non-life insurance -¥20,321 million, domestic life insurance +¥3,008 million, overseas insurance +¥13,805 million, solutions -¥1,451 million, and other -¥4,750 million
Key KPIsA metric the company considers important as a management benchmark.
L/R (loss ratio): domestic non-life insurance 61.6% (up 2.2 percentage points year on year) and overseas insurance 59.5% (up 0.1 percentage points) / E/R (expense ratio): domestic non-life insurance 27.2% (down 0.1 percentage points) and overseas insurance 29.3% (down 0.3 percentage points) / C/R (combined ratio): domestic non-life insurance 88.7% (up 2.1 percentage points) and overseas insurance 88.8% (down 0.1 percentage points) / Net incurred losses from natural catastrophes: ¥23,696 million (up 31.1%)Segment results
Domestic insurance: revenue of ¥832,754 million (up 2.9% year on year), profit for the quarter attributable to owners of the parent of ¥114,383 million (up 10.3%), and adjusted net income of ¥98,820 million (down 14.9%) / Domestic non-life insurance: revenue of ¥767,689 million (up 3.2%), profit for the quarter of ¥73,728 million (down 20.8%), and adjusted net income of ¥77,238 million (down 20.8%) / Domestic life insurance: revenue of ¥65,065 million (down 1.1%), profit for the quarter of ¥40,655 million (up 284.0%), and adjusted net income of ¥21,581 million (up 16.2%) / Overseas insurance: revenue of ¥1,225,818 million (up 18.9%), profit for the quarter of ¥149,097 million (up 0.7%), and adjusted net income of ¥164,333 million (up 9.2%) / Solutions: revenue of ¥71,616 million (down 13.5%), profit for the quarter of ¥1,477 million (down 49.5%), and adjusted net income of ¥1,477 million (down 49.6%)| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥2,118,750 million (YoY +11.2%) |
| Net income | ¥264,300 million (YoY +3.3%) |
| Results for the three months of the current quarter | The results for the first quarter alone include insurance revenue and revenue from the solutions business of ¥2,118,750 million, profit for the quarter attributable to owners of the parent of ¥264,300 million, and adjusted net income of ¥261,351 million. |
| Full-year earnings forecast | Strategic equity holdings sales of ¥430,000 million (initial full-year forecast) |
| Progress against full-year forecast | Strategic equity holdings sales: 54.7% |
| Segment results | Domestic insurance: revenue of ¥832,754 million (up 2.9% year on year), profit for the quarter attributable to owners of the parent of ¥114,383 million (up 10.3%), and adjusted net income of ¥98,820 million (down 14.9%) / Domestic non-life insurance: revenue of ¥767,689 million (up 3.2%), profit for the quarter of ¥73,728 million (down 20.8%), and adjusted net income of ¥77,238 million (down 20.8%) / Domestic life insurance: revenue of ¥65,065 million (down 1.1%), profit for the quarter of ¥40,655 million (up 284.0%), and adjusted net income of ¥21,581 million (up 16.2%) / Overseas insurance: revenue of ¥1,225,818 million (up 18.9%), profit for the quarter of ¥149,097 million (up 0.7%), and adjusted net income of ¥164,333 million (up 9.2%) / Solutions: revenue of ¥71,616 million (down 13.5%), profit for the quarter of ¥1,477 million (down 49.5%), and adjusted net income of ¥1,477 million (down 49.6%) |
| Breakdown of Factors Affecting the Change | Insurance revenue, etc.: domestic insurance +¥23,336 million, overseas insurance +¥194,570 million, solutions -¥11,211 million, and other +¥6,443 million / Profit for the quarter: domestic insurance +¥10,695 million, domestic non-life insurance -¥19,374 million, domestic life insurance +¥30,069 million, overseas insurance +¥965 million, solutions -¥1,449 million, and other -¥1,869 million / Adjusted net income: domestic insurance -¥17,313 million, domestic non-life insurance -¥20,321 million, domestic life insurance +¥3,008 million, overseas insurance +¥13,805 million, solutions -¥1,451 million, and other -¥4,750 million |
| Key KPIs | L/R (loss ratio): domestic non-life insurance 61.6% (up 2.2 percentage points year on year) and overseas insurance 59.5% (up 0.1 percentage points) / E/R (expense ratio): domestic non-life insurance 27.2% (down 0.1 percentage points) and overseas insurance 29.3% (down 0.3 percentage points) / C/R (combined ratio): domestic non-life insurance 88.7% (up 2.1 percentage points) and overseas insurance 88.8% (down 0.1 percentage points) / Net incurred losses from natural catastrophes: ¥23,696 million (up 31.1%) |
Items this document does not state (21)
Operating profitOrdinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk 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&ANew initiatives
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.No explanation of the reasons for changes in performance is provided. The tables show that profit for the quarter decreased by ¥19,374 million in domestic non-life insurance, while it increased by ¥30,069 million in domestic life insurance and by ¥965 million in overseas insurance, and decreased by ¥1,449 million in the solutions business. Net incurred losses from natural catastrophes also increased by ¥5,614 million.
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