Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Nov 19, 2025
AI Summary
Q2 2026

Profit Guidance: Full-year profit forecast excluding business-related equity sales was revised down by JPY 28 billion to JPY 672 billion due to FX headwinds and lower Asia Life profits.

Equity Sales Boost: Profit forecast including gains on equity sales was raised by JPY 10 billion to JPY 1.11 trillion, supporting a higher dividend.

Dividend Increase: FY '25 dividend per share (DPS) was raised by JPY 1 to JPY 211, marking 23% growth year-on-year.

Share Buyback: FY '25 share buyback plan was increased to JPY 240 billion from JPY 220 billion, including a new JPY 130 billion tender offer.

Strong Underwriting: Both domestic and international underwriting performance remained strong, with benign catastrophe losses and effective rate hikes.

M&A Activity: Philadelphia completed a USD 615 million acquisition in collector vehicle insurance; several other M&A opportunities are in the pipeline.

Equity Reduction: Planned FY '25 business-related equity sales were raised to JPY 660 billion, up JPY 60 billion from the initial plan.

Key Financials
Adjusted Net Income (excluding equity sales)
JPY 672 billion
Adjusted Net Income (including equity sales)
JPY 1,110 billion
Dividend Per Share
JPY 211
Share Buyback Plan
JPY 240 billion
Net Premiums Written (first half, ex-FX)
Up 4%
Life Insurance Premiums (first half, ex-FX)
Down 3%
Group Adjusted Net Income (first half)
JPY 755 billion
Group Adjusted Net Income (first half, ex-equity sales)
JPY 367.2 billion
Business-Related Equity Sales Plan
JPY 660 billion
ESR (Economic Solvency Ratio)
155%
Market Capitalization (end of September)
JPY 12 trillion
Philadelphia Acquisition
USD 615 million

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