T&D Holdings Inc (OTCPK:TDHOF)

Full Year 2026 T&D Holdings Inc Earnings Call Transcript

May 15, 2026 / 10:59 AM GMT

Release Date Price: $21.49

Transcript

Key Points

Positve

T&D Holdings Inc (TDHOY) reported a record group adjusted profit of JPY158.5 billion for the fiscal year ended March 2026, exceeding the full-year forecast.
The company forecasts a 13.4 billion increase in group adjusted profit for the fiscal year ending March 2027, reaching JPY172 billion.
Dividend per share is expected to increase to JPY164 for the fiscal year ending March 2027, marking the 12th consecutive year of expected dividend increase.
The value of new business for the three life insurance companies increased by JPY2.9 billion from the previous fiscal year, reaching JPY169.0 billion.
T&D Holdings Inc (TDHOY) successfully reduced the number of shares outstanding through share buybacks, contributing to a 19.1% year-on-year increase in adjusted TPS.

Negative

Surrender and lapse rates increased at Taiyo and Daido, which could negatively impact future earnings.
T&D United Capital posted a decline in profit, with adjusted profit decreasing by $1.8 billion year-on-year.
The impact of a change in methodology for calculating Group EV resulted in a decrease of JPY136 billion.
Annualized premiums of new policies at TDF declined year-on-year, mainly due to lower sales of foreign currency-linked products.
The company faces increased business expenses, including system expenses and personnel costs, which could pressure future profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

8795.T - T&D Holdings Inc
Full Year 2026 T&D Holdings Inc Earnings Call
May 15, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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I'm Ito from T&D Holdings, IR Division.

Thank you very much for attending this conference call for earnings results announcement.

And the materials are. Posted on our website in the IR section. And at the outset, I will provide a 10-minute explanation following the materials, and then we will have a Q&A. Without further ado, let me begin my explanation. Please turn to page 3. First of all, I would like to present the key highlights of the financial results. For the fiscal year ended March 2026, a group adjusted profit exceeded the full-year forecast of JPY146 billion, reaching a record.

Of JPY158.5 billion with adjusted ROE at 10.5%. The full-year forecast for the fiscal year ending March 2027 is

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