Daiichi Life Group (8750) Q2 2027 earnings summary

Executive summary

• H1 FY2027 ordinary revenues rose 13.5% YoY to ¥5,804.4bn; ordinary profit rose 36.9% to ¥458.8bn and net income rose 39.7% to ¥283.8bn.

• Net income growth came alongside lower comprehensive income of ¥287.2bn versus ¥412.4bn a year earlier, reflecting a swing in securities-related other comprehensive income.

Financial highlights

• Premium and other income increased to ¥3,550.3bn from ¥3,331.0bn; investment income increased to ¥1,873.5bn from ¥1,471.6bn.

• Ordinary expenses rose to ¥5,345.6bn from ¥4,778.8bn; investment expenses increased to ¥622.0bn from ¥269.2bn, while policy reserve provisions fell to ¥543.4bn from ¥881.2bn.

• Total assets were ¥77,014.1bn at Sep. 30, 2026, up from ¥74,159.1bn at Mar. 31; total net assets increased to ¥4,434.9bn from ¥4,254.2bn.

Outlook and guidance

• FY2027 forecast: ordinary revenues ¥10,666.0bn (-5.7% YoY), ordinary profit ¥869.0bn (+15.3%), and net income ¥513.0bn (+17.5%).

• Forecast EPS is ¥142.36; earnings and dividend forecasts were unchanged at the report date.