T&D Holdings, Inc. (8795) Earnings Call Transcripts

T&D Holdings, Inc.'s Latest Earnings Call - April 3, 2026

In the fiscal year ending March 2026, T&D Holdings, Inc. reported a solid performance, with management raising their adjusted profit target for FY2031 to JPY 230 billion, up from JPY 200 billion. The company highlighted strong growth in its life insurance segment and the positive impact of rising interest rates on profitability. However, management acknowledged challenges in achieving the new business value target of JPY 200 billion due to changes in insurance assumptions. Overall, the results and guidance indicate a positive outlook for the company, which may drive stock performance in the near term.

Reported metrics

Guidance from management

Management has set an adjusted profit target of JPY 230 billion for FY2031, indicating an upward revision from previous guidance. They aim for an annual EPS growth rate of 10% or more over the next five years, with a focus on disciplined growth investments and shareholder returns.

What management said

To your first question, maybe I am going to repeat him, but profits from -- returns from investments, Well, there is some uncertainty as to the timing of when those returns will start coming in. So we are taking a conservative view in forecasting the return, and it really depends on the timing of the investment. So this JPY 500 billion, this is our outlook as of today.

Yes. Regarding this JPY 900 billion, this is adjusted profit. And the concept is the same as the group's adjusted profit. And there is a portion of cash dividend that is going to become a cash flow, definitely. And the portion to be allocated for growth investments, it is recognized as capital. But as we execute this, there will be a portion to be paid from profit, which will then be recognized as cash flow. That is ...

What analysts pressed on

Analysts expressed concerns about the feasibility of achieving the new business value target of JPY 200 billion, given the current economic environment and changes in insurance assumptions. Additionally, there were questions regarding the adequacy of the JPY 500 billion investment allocation and the potential impact on shareholder returns.

Main topics on the call

• Adjusted Profit Guidance Increase — Management raised the adjusted profit target for FY2031 from JPY 200 billion to JPY 230 billion, citing improved economic conditions and portfolio enhancements. They stated, "This revision takes into account the current ...
• Challenges in New Business Value — Management indicated that achieving the target of JPY 200 billion in new business value will be difficult due to factors such as changes in insurance assumptions. They noted, "Achieving the initial target of JPY 200 bill...
• Strengthening Core Life Insurance Business — The company plans to enhance its core life insurance business by improving sales and investment capabilities, aiming for stable profit growth in a higher interest rate environment. They emphasized, "By enhancing our sale...
• Investment Strategy and Growth — T&D Holdings announced a JPY 500 billion allocation for growth investments, focusing on developed and emerging markets. Management stated, "We are now entering a phase where we can expect sustainable growth," highlightin...

Read the full T&D Holdings, Inc. transcript (April 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 T&D Holdings, Inc. earnings call transcripts on record, spanning June 6, 2024 to May 15, 2026. Based on this history, T&D Holdings, Inc. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

8795

Exchange

TSE

Country

JP

Sector

Financials

Industry

Insurance

Calls on record

11

First call

June 6, 2024

Most recent

May 15, 2026

Reporting cadence

quarterly