Sompo (8630) Q3 2026 earnings summary

Executive summary

• Adjusted consolidated profit for 3Q YTD was ¥346.9 bn, up ¥111.1 bn YoY, reaching 79% of the November forecast.

• Consolidated net income for 3Q YTD increased by ¥267.4 bn to ¥518.3 bn, driven by unrealized gains and improved profitability.

• Net income attributable to owners of parent rose 106.3% YoY to ¥518.3 bn for the nine months ended December 31, 2025, driven by strong insurance and investment results.

• Insurance revenue increased to ¥3,986.2 bn, up from ¥3,847.0 bn YoY.

• Comprehensive income more than doubled to ¥1,120.2 bn, reflecting robust performance and favorable market conditions.

Financial highlights

• Net income before tax surged 118.8% YoY to ¥677.8 bn.

• Basic and diluted EPS rose to ¥564.40 from ¥257.07 YoY.

• Total assets increased to ¥16,747.3 bn as of December 31, 2025, up ¥857.2 bn from March 31, 2025.

• Total equity attributable to owners of parent rose to ¥5,012.7 bn, up ¥807.5 bn from March 31, 2025.

• Combined ratio for Domestic P&C improved to 93.1%, down 5.5pt YoY.

Outlook and guidance

• Upward revision for FY2025: adjusted consolidated profit now expected at ¥480.0 bn and net income at ¥580.0 bn, both record highs.

• Full-year net income attributable to owners of parent is forecast at ¥580.0 bn, a 138.6% increase from the previous year.

• Basic earnings per share for the full year is projected at ¥634.22.

• Annual dividend forecast raised to ¥150.00 per share.

• Upward revisions driven by lower incurred claims and strong investment performance in both Domestic P&C and Overseas.