T&D (8795) Q1 2027 earnings summary

Executive summary

• Group adjusted profit rose 35.0% year-over-year to ¥53.2 billion, achieving 31.0% of the full-year forecast, reflecting strong progress.

• Profit attributable to owners of parent increased 13.3% year-over-year to ¥42.2 billion, driven by higher interest and dividend income and gains on securities sales.

• Ordinary revenues rose 1.4% year-over-year to ¥904.3 billion for the quarter ended June 30, 2026, driven by strong investment income despite a decline in insurance premiums.

• Ordinary profit increased 29.9% year-over-year to ¥76.2 billion.

• Comprehensive income grew 41.7% year-over-year to ¥96.9 billion, reflecting robust other comprehensive income.

Financial highlights

• Consolidated group adjusted profit: ¥53.2bn (up 35.0% year-over-year).

• Profit attributable to owners of parent: ¥42.2bn (up 13.3% year-over-year).

• Core profit for domestic life insurance: ¥57.2bn (up 20.9% year-over-year).

• Investment income jumped 52.7% year-over-year to ¥230.4 billion, offsetting a 9.9% decline in insurance premiums.

• Earnings per share increased to ¥88.15 from ¥73.35 year-over-year.

Outlook and guidance

• Full-year group adjusted profit forecast: ¥172.0bn.

• No revision to full-year earnings or dividend forecast; annual dividend per share expected to rise to ¥164.0.

• Full-year forecast for ordinary revenues is ¥3,000,000 million, ordinary profit ¥235,000 million, and profit attributable to owners of parent ¥135,000 million, all expected to decline year-over-year.

• Planned share buyback up to ¥30.0bn, with ¥17.9bn repurchased by end of July.

• Number of treasury shares increased to 9,358,119 as of June 30, 2026.