Japan · Delayed Price · Currency is JPY Daiichi Life Group Earnings Call Transcripts
Fiscal Year 2027
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Adjusted profit surged 113% year-over-year to JPY 158.1 billion, driven by portfolio rebalancing and equity gains. New business ANP rose 6.7%, while group EV increased 2%. Full-year outlook remains unchanged despite market uncertainties.
Fiscal Year 2026
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Protective is executing a multi-pronged growth strategy through acquisitions, operational efficiency, and investment enhancements, targeting ambitious 2026 and 2030 goals. Capital-light businesses, improved risk management, and AI integration are key drivers, with strong financial performance and regulatory soundness supporting confidence in future outlook.
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International business aims to drive group profit above 50% by 2030, focusing on North America, Europe, Oceania, and Asia, with aggressive organic and inorganic growth. New business targets 10% of profit from non-insurance fields, leveraging Benefit One and strategic alliances.
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Adjusted profit hit JPY 551 billion, exceeding estimates, with all segments outperforming. FY 2026 guidance targets a record JPY 560 billion profit, a 32% dividend hike, and strong international recovery, especially at TAL.
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Group adjusted profit reached JPY 422.2 billion in Q3, with a 17% year-over-year increase and a record-high full-year forecast of JPY 500 billion. Dividend per share was raised to JPY 52, and value of new business grew 27%.
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Domestic insurance remains a core, stable cash generator amid a flat market, while savings-type products and asset management are growing rapidly. Strategic investments in digital, AI, and real estate, along with group synergies and global expansion, are driving profit and operational efficiency.
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Adjusted profit and ROE exceeded targets, prompting an upward revision of full-year forecasts and FY2030 profit targets. Overseas and non-insurance segments are expanding, while capital efficiency and shareholder returns are set to increase.
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Group adjusted profit for Q1 was JPY 74.2 billion, down 49% year-over-year, with domestic and international segments impacted by bond sales, currency effects, and one-off items. Full-year targets remain on track, and capital adequacy is maintained at a 204% ESR.
Fiscal Year 2025
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Ambitious 2030 goals target global leadership, with strong early progress in profit and capital efficiency. Strategic international investments and M&A drive diversification, while robust governance and risk management address market skepticism and evolving risks. Surrender risk remains controlled despite rising interest rates.
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International profit targets are set to double by 2030, driven by regional strategies and M&A. The group is transforming into a comprehensive service provider, integrating Benefit One to expand customer touchpoints and aiming for a JPY 10 trillion market cap.
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Group adjusted profit reached JPY 245.2 billion, 70% of the full-year target, driven by strong domestic and international performance. Sales and new business value surged, with no change to the full-year profit forecast despite an expected extraordinary loss.
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Group adjusted profit reached JPY 144.4 billion in Q1 FY2024, with strong domestic and overseas results and 40% progress toward the full-year plan. Despite market volatility and yen appreciation, the full-year profit forecast remains unchanged, and ESR is maintained above 200%.