Anicom Holdings (8715) Q1 2026 earnings summary

Executive summary

• Recurring revenue rose 10.4% year-over-year to JPY 18,235 million, driven by strong new policy acquisition and growth in pet insurance and related businesses.

• Recurring profit before amortization of goodwill fell 39.0% year-over-year to JPY 1,025 million, and recurring profit dropped 40.7% to JPY 960 million, mainly due to higher underwriting and administrative expenses and costs from policy transfers.

• Net profit attributable to owners of parent decreased 41.5% year-over-year to JPY 650 million.

• Number of policies in force increased by 2.3% from the previous fiscal year-end, reaching 1,318,043.

Financial highlights

• Underwriting revenue increased 9.9% year-over-year to JPY 15,778 million; investment revenue grew 22.5% to JPY 362 million.

• Other recurring revenue rose 12.0% to JPY 2,095 million.

• Underwriting expenses increased 12.8% year-over-year to JPY 11,298 million; operating and general administrative expenses up 24.9% to JPY 5,224 million.

• Net claims paid rose 8.9% year-over-year to JPY 8,759 million.

• Basic earnings per share was 8.69 yen, down from 13.98 yen a year earlier.

Outlook and guidance

• Full-year recurring profit is forecast at JPY 3,300 million, with a cumulative first-half plan of JPY 1,800 million.

• Recurring revenue for the full year is projected at JPY 73,000 million, up 7.9% year-over-year.

• Profit attributable to owners of parent is forecast at JPY 2,100 million for the full year.

• Dividend forecast for the year ending March 31, 2026 is 9.00 yen per share.

• The number of policies in force is expected to reach 1.39 million by year-end.