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Financial results presentation8795T&D Holdings, Inc.Financials (excluding banks)

Notice of Financial Results for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, group adjusted profit reached a record high, exceeding the full-year forecast, driven by improved profitability in the domestic life insurance business and other factors. The annual dividend was ¥130, up ¥50 year on year, while the forecast for the fiscal year ending March 2027 is ¥164. Meanwhile, annualized premiums from new policies, ESR and adjusted profit in the closed-book business deteriorated.

Worth reading
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Direction
Mixed performance
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Scale
1585
¥100 million
Wording
Conditional
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Contents of this document

Financial results presentationFiscal year ending March 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥34,822 100 million-6.7%
Ordinary income¥2,571 100 million+29.5%
Net income¥1,389 100 million+10.0%
Full-year earnings forecast
Ordinary revenue (consolidated)
¥30,000 100 million
Premium and other income (Taiyo Life)
¥8,000 100 million
Premium and other income (Daido Life)
¥8,700 100 million
Premium and other income (TDF Life)
¥7,200 100 million
Ordinary profit (consolidated)
¥2,350 100 million
Ordinary profit (Taiyo Life)
¥940 100 million
Ordinary profit (Daido Life)
¥1,360 100 million
Ordinary profit (TDF Life)
¥110 100 million
Net income attributable to owners of the parent (consolidated)
¥1,350 100 million
Net income (Taiyo Life)
¥540 100 million
Net income (Daido Life)
¥790 100 million
Net income (TDF Life)
¥80 100 million
Group adjusted profit
¥1,720 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeding the full-year forecast of ¥146.0 billion
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher interest and dividend income, among other factors
  • Reversal of the impact of Taiyo Life's reinsurance cessions in the previous fiscal year, among other factors
  • Losses on sales arising from bond replacements, among other factors

The company identifies the factors but does not state the amount attributable to each one.

New initiatives
  • Taiyo Life launched “Insurance Suite Best MYWAY Kisei K緩和 Plus” in December 2025
  • Daido Life launched “Severe Cancer Coverage J Type” in June 2025
  • Investment in Viridium
Key KPIsA metric the company considers important as a management benchmark.
  • Group adjusted profit¥1,585 100 million
    Year on year against the same period last year+13.1%
  • Value of new business (combined for 3 companies)¥1,690 100 million
    Year on year against the same period last year+1.8%
  • Group embedded value¥42,386 100 million
    Year on year against the same period last year+7.4%
  • ESR (internal management model)222 %
    Year on year against the same period last yearDown 21 points from the previous fiscal year-end
  • Underlying profit (combined for 3 companies)¥2,398 100 million
    Year on year against the same period last year+48.0%
  • Assets under management (TDAM)¥26,636 100 million
  • Number of in-force policies (P&F)23 ten thousand items
Segment results
Domestic Life Insurance Business
Premium and other income
¥26,230 100 million+2.1%
Underlying profit
¥2,398 100 million+48.0%
Adjusted profit (combined for 3 companies)
¥1,510 100 million+17.6%
Closed-book business (TDUC consolidated)
Ordinary revenue
¥42 100 million+124.4%
Ordinary income
¥-18 100 million
Net income for the current fiscal year
¥-21 100 million
Adjusted profit
¥107 100 million-14.7%
Asset management business (TDAM)
Operating revenue (underlying basis)
¥3,641 million+6.5%
Ordinary income
¥373 million+57.8%
Net income for the current fiscal year
¥257 million+33.5%
Non-life insurance business (P&F)
Ordinary revenue
¥12,645 million+12.3%
Ordinary income
¥80 million-41.2%
Net income for the current fiscal year
¥50 million-46.8%
Annual Dividend
Fiscal year ending March 2026
130 Yen per share
Forecast for the fiscal year ending March 2027
164 Yen per share
Interim Dividend82
Year-end dividend82
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥34,822 100 million (YoY -6.7%)
Ordinary income¥2,571 100 million (YoY +29.5%)
Net income¥1,389 100 million (YoY +10.0%)
Full-year earnings forecastOrdinary revenue (consolidated) ¥30,000 100 million / Premium and other income (Taiyo Life) ¥8,000 100 million / Premium and other income (Daido Life) ¥8,700 100 million / Premium and other income (TDF Life) ¥7,200 100 million / Ordinary profit (consolidated) ¥2,350 100 million / Ordinary profit (Taiyo Life) ¥940 100 million / Ordinary profit (Daido Life) ¥1,360 100 million / Ordinary profit (TDF Life) ¥110 100 million / Net income attributable to owners of the parent (consolidated) ¥1,350 100 million / Net income (Taiyo Life) ¥540 100 million / Net income (Daido Life) ¥790 100 million / Net income (TDF Life) ¥80 100 million / Group adjusted profit ¥1,720 100 million
Self-assessment against the planExceeding the full-year forecast of ¥146.0 billion
Segment resultsDomestic Life Insurance Business Premium and other income ¥26,230 100 million (YoY +2.1%) / Underlying profit ¥2,398 100 million (YoY +48.0%) / Adjusted profit (combined for 3 companies) ¥1,510 100 million (YoY +17.6%) / Closed-book business (TDUC consolidated) Ordinary revenue ¥42 100 million (YoY +124.4%) / Ordinary income ¥-18 100 million / Net income for the current fiscal year ¥-21 100 million / Adjusted profit ¥107 100 million (YoY -14.7%) / Asset management business (TDAM) Operating revenue (underlying basis) ¥3,641 million (YoY +6.5%) / Ordinary income ¥373 million (YoY +57.8%) / Net income for the current fiscal year ¥257 million (YoY +33.5%) / Non-life insurance business (P&F) Ordinary revenue ¥12,645 million (YoY +12.3%) / Ordinary income ¥80 million (YoY -41.2%) / Net income for the current fiscal year ¥50 million (YoY -46.8%)
Breakdown of Factors Affecting the ChangeFactors Higher interest and dividend income, among other factors / Amount Not disclosed, Factors Reversal of the impact of Taiyo Life's reinsurance cessions in the previous fiscal year, among other factors / Amount Not disclosed, Factors Losses on sales arising from bond replacements, among other factors / Amount Not disclosed
Key KPIsIndicator name Group adjusted profit / Value ¥1,585 100 million / Year on year against the same period last year ¥13.1 100 million, Indicator name Value of new business (combined for 3 companies) / Value ¥1,690 100 million / Year on year against the same period last year ¥1.8 100 million, Indicator name Group embedded value / Value ¥42,386 100 million / Year on year against the same period last year ¥7.4 100 million, Indicator name ESR (internal management model) / Value 222 % / Year on year against the same period last year Down 21 points from the previous fiscal year-end, Indicator name Underlying profit (combined for 3 companies) / Value ¥2,398 100 million / Year on year against the same period last year ¥48 100 million, Indicator name Assets under management (TDAM) / Value ¥26,636 100 million / Year on year against the same period last year Not disclosed, Indicator name Number of in-force policies (P&F) / Value 23 ten thousand items / Year on year against the same period last year Not disclosed
Annual DividendFiscal year ending March 2026 130 Yen per share / Forecast for the fiscal year ending March 2027 164 Yen per share
New initiativesTaiyo Life launched “Insurance Suite Best MYWAY Kisei K緩和 Plus” in December 2025, Daido Life launched “Severe Cancer Coverage J Type” in June 2025, Investment in Viridium
Items this document does not state (19)
Operating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout 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.

Group adjusted profit increased, primarily due to higher interest and dividend income at the domestic life insurance companies. The increase in core profit was attributed to higher interest and dividend income and lower foreign exchange hedging costs, among other factors.

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Notice of Financial Results for the Fiscal Year Ending March 2026 | T&D Holdings, Inc. (8795) timely disclosure | Komori