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87252026 Q3PrimeJGAAP

MS&AD Insurance Group Holdings (8725) FY2026 Q3 Earnings Report

For FY2026 Q3, revenue came to ¥4.45T (+12.6% year on year) and ordinary income ¥886.4B (+7.5%). The segment drivers and cash flow follow.

Financials (ex Banks)/Insurance


Financial Highlights

  • Net Sales: ¥4.45T
  • Net Income: ¥660.26B
  • EPS: ¥438.97

Income Statement

ItemCurrentPriorYoY %
Net Sales¥4.45T¥3.95T+12.6%
Ordinary Income¥886.45B¥824.86B+7.5%
Profit Before Tax¥873.32B¥813.85B+7.3%
Income Tax Expense¥213.06B¥184.28B+15.6%
Net Income¥660.26B¥629.57B+4.9%
Net Income Attributable to Owners¥657.10B¥626.07B+5.0%
Total Comprehensive Income¥953.38B¥139.24B+584.7%
Basic EPS¥438.97¥400.16+9.7%
Diluted EPS¥438.92¥400.10+9.7%

Balance Sheet

ItemCurrent EndPrior EndChange
Property, Plant & Equipment¥457.51B¥456.46B+¥1.05B
Intangible Assets¥449.47B¥478.03B−¥28.56B
Total Assets¥27.98T¥26.24T+¥1.74T
Total Liabilities¥23.31T¥22.19T+¥1.12T
Total Equity¥4.67T¥4.05T+¥615.18B
Capital Stock¥101.37B¥101.37B¥0
Capital Surplus¥203.22B¥345.13B−¥141.91B
Retained Earnings¥2.35T¥2.14T+¥219.68B
Treasury Stock−¥45.51B−¥285.53B+¥240.02B
Owners' Equity¥4.61T¥4.00T+¥612.38B

Profitability Ratios

ItemValue
Net Profit Margin14.8%
Debt-to-Equity Ratio4.99x
Effective Tax Rate24.4%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+12.6%
Ordinary Income YoY Change+7.5%
Profit Before Tax YoY Change+7.3%
Net Income YoY Change+4.9%
Net Income Attributable to Owners YoY Change+5.0%
Total Comprehensive Income YoY Change+584.7%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)1.49B shares
Treasury Stock15.55M shares
Average Shares Outstanding1.50B shares
Book Value Per Share¥3,160.46

Dividend Information

ItemAmount
Q2 Dividend¥77.50

Segment Information

SegmentRevenueOperating Income
AioiNissayDowaInsuranceCoLtd¥1.10T¥110.00B
MitsuiDirectGeneralInsuranceCoLtd¥30.89B−¥867M
MitsuiSumitomoAioiLifeInsuranceCoLtd¥333.00B−¥12.88B
MitsuiSumitomoInsuranceCoLtd¥1.30T¥382.79B
MitsuiSumitomoPrimaryLifeInsuranceCoLtd¥1.01T¥13.62B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥22.57B¥10.33B
OverseasInsuranceSubsidiary¥1.41T¥188.62B

※ セグメント利益の測定基礎: 親会社帰属利益

Full Year Forecast

ItemForecast
Ordinary Income Forecast¥834.00B
Net Income Attributable to Owners Forecast¥590.00B
Basic EPS Forecast¥396.17
Dividend Per Share Forecast¥155.00