Sony Financial Group (8729) Q4 2025 earnings summary

Executive summary

• Ordinary revenues fell 24.1% year-over-year to ¥2,618.7 billion, mainly due to a decline in the life insurance segment, despite growth in non-life insurance and banking.

• Ordinary profit decreased 17.4% year-over-year to ¥44.8 billion, with declines in life insurance and banking profits, partially offset by non-life insurance gains.

• Profit attributable to owners of the parent surged 91.4% year-over-year to ¥78.7 billion, driven by a significant reversal of reserve for price fluctuations at Sony Life.

Financial highlights

• Total assets increased 5.8% year-over-year to ¥23,370.9 billion; total net assets rose 12.8% to ¥669.7 billion.

• Shareholders’ equity grew from ¥664.2 billion to ¥743.0 billion.

• Comprehensive income for FY2024 was ¥75.7 billion, up from ¥3.4 billion in FY2023.

Segment performance

• Life insurance revenues dropped 27.2% year-over-year to ¥2,317.0 billion; profit fell 18.2% to ¥20.6 billion, impacted by lower investment income and bond sales.

• Non-life insurance revenues rose 11.0% to ¥168.8 billion; profit increased 11.1% to ¥7.2 billion, supported by higher auto insurance premiums and lower expense ratio.

• Banking revenues grew 10.8% to ¥117.0 billion; profit declined 17.5% to ¥18.8 billion due to lower fees and conversion of subsidiaries to equity-method affiliates.

• Sony Life’s policies in force and annualized premiums both increased over 7% year-over-year.

• Sony Assurance direct premiums written rose 12.4% year-over-year; E.I. loss ratio increased to 69.7%.

• Sony Bank’s mortgage loan and foreign currency deposit balances increased by ¥205.3 billion and ¥156.4 billion, respectively.