Anicom Holdings (8715) Q4 2025 earnings summary

Executive summary

• Achieved record-high recurring revenue of JPY 67,683 million, up 12.0% year-over-year, and recurring profit of JPY 4,941 million, up 18.8% year-over-year, both exceeding plan targets.

• Number of policies in force grew by 7.9% to 1,287,923, reflecting robust sales and contract acquisitions.

• Growth driven by increased demand for pet insurance, operational efficiency, and expanded business initiatives.

• The company advanced its strategy to become a prevention-focused insurance group, expanding health innovation and veterinary clinic management businesses.

Financial highlights

• Underwriting revenue increased 8.5% YoY to JPY 58,862 million; investment revenue surged 116.2% to JPY 1,586 million.

• Net profit grew 18.9% YoY to JPY 3,246 million.

• Operating and general administrative expenses rose 13.0% to JPY 17,857 million.

• Basic earnings per share increased to 41.98 yen from 34.02 yen year-over-year.

• Cash and cash equivalents at year-end were 22,610 million yen, up 1,581 million yen.

Outlook and guidance

• FY03/26 recurring revenue forecasted at JPY 73,000 million (+7.9% YoY); recurring profit projected at JPY 3,300 million (down 33.2% YoY due to anticipated cost increases).

• Profit attributable to owners of parent forecasted at 2,100 million yen (-35.3%).

• Dividend per share projected to rise to 9.00 yen, targeting a payout ratio of 30% by FY2027.

• Renewal rate expected to remain stable at 88.2%.