T&D Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Premiums & Annuity Revenue	1,405,514	1,395,848	1,863,618	1,274,772	961,156	1,783,370
Total Interest & Dividend Income	366,376	334,923	296,464	286,366	305,466	276,880
Gain (Loss) on Sale of Investments	210,069	116,620	241,445	143,268	126,406	133,971
Other Revenue	630,328	662,322	91,359	535,113	355,519	176,877
Total Revenue	2,612,287	2,509,713	2,492,886	2,239,519	1,748,547	2,371,098
Revenue Growth (YoY)	-4.89%	0.68%	11.31%	28.08%	-26.26%	8.72%
Policy Benefits	1,885,478	1,810,174	1,825,967	1,669,820	1,379,621	1,817,517
Depreciation & Amortization	6,781	6,495	6,127	5,750	5,871	6,530
Selling, General & Administrative	270,973	265,445	250,726	251,301	229,279	214,509
Provision for Bad Debts	11	-	4,468	-	99	1,634
Other Operating Expenses	84,129	80,968	77,994	77,621	69,602	67,988
Total Operating Expenses	2,247,372	2,163,082	2,165,282	2,004,494	1,684,474	2,108,183
Operating Income	364,915	346,631	327,604	235,025	64,073	262,915
Interest Expense	-6,064	-2,403	-1,434	-1,723	-1,690	-1,553
Earnings From Equity Investments	-2,540	-1,202	-2,397	-217,383	-	-
Currency Exchange Gain (Loss)	25,407	9,290	67,480	29,599	28,152	25,522
Other Non Operating Income (Expenses)	-70,193	-74,395	-151,642	-85,195	-30,620	-44,314
EBT Excluding Unusual Items	311,525	277,921	239,611	-39,677	59,915	242,570
Gain (Loss) on Sale of Investments	-136,354	-105,245	-104,853	-56,846	-27,172	-38,869
Gain (Loss) on Sale of Assets	2,730	3,092	9,170	107	-1,191	360
Asset Writedown	-803	-1,580	-1,730	-87	-31	-2,915
Other Unusual Items	-13,966	-5,495	-7,119	-7,470	-8,594	-10,037
Pretax Income	163,132	168,693	135,079	-103,973	22,927	191,109
Income Tax Expense	46,355	41,290	35,038	27,799	8,510	27,903
Earnings From Continuing Ops.	116,777	127,403	100,041	-131,772	14,417	163,206
Minority Interest in Earnings	-854	-992	-1,264	-378	-237	-890
Net Income	115,923	126,411	98,777	-132,150	14,180	162,316
Net Income to Common	115,923	126,411	98,777	-132,150	14,180	162,316
Net Income Growth	-24.29%	27.98%	-	-	-91.26%	141.89%
Shares Outstanding (Basic)	505	523	539	557	581	598
Shares Outstanding (Diluted)	505	523	540	557	582	598
Shares Change (YoY)	-4.10%	-3.06%	-3.08%	-4.33%	-2.72%	-2.71%
EPS (Basic)	229.52	241.72	183.13	-237.31	24.39	271.55
EPS (Diluted)	229.43	241.60	183.01	-237.31	24.36	271.26
EPS Growth	-21.04%	32.02%	-	-	-91.02%	148.69%
Free Cash Flow	-	-379,465	247,247	-329,922	-404,871	489,403
Free Cash Flow Per Share	-	-725.25	458.10	-592.47	-695.57	817.90
Dividend Per Share	40.000	80.000	70.000	62.000	56.000	46.000
Dividend Growth	-46.67%	14.29%	12.90%	10.71%	21.74%	4.54%
Operating Margin	13.97%	13.81%	13.14%	10.49%	3.66%	11.09%
Profit Margin	4.44%	5.04%	3.96%	-5.90%	0.81%	6.85%
Free Cash Flow Margin	-	-15.12%	9.92%	-14.73%	-23.16%	20.64%
EBITDA	387,445	368,517	348,631	256,209	84,279	282,756
EBITDA Margin	14.83%	14.68%	13.98%	11.44%	4.82%	11.92%
D&A For EBITDA	22,530	21,886	21,027	21,184	20,206	19,841
EBIT	364,915	346,631	327,604	235,025	64,073	262,915
EBIT Margin	13.97%	13.81%	13.14%	10.49%	3.66%	11.09%
Effective Tax Rate	28.42%	24.48%	25.94%	-	37.12%	14.60%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.