Sony Financial Group (8729) Q2 2026 earnings summary

Executive summary

• Group consolidated adjusted net income for FY25.1H was ¥45.9 billion, down 4.8% year-over-year, mainly due to lower adjusted net income in the life insurance segment.

• Ordinary revenues rose 19.4% YoY to ¥1,532.4 billion, driven by growth in all major business segments.

• The period saw an ordinary loss of ¥19.3 billion, reversing from a ¥25.6 billion profit a year earlier, mainly due to losses in life insurance and banking.

• Net loss attributable to owners was ¥17.4 billion, compared to a ¥17.8 billion profit in the prior year.

• Progress rates against the revised forecast are 47% for FY25.1H and 26% for FY25.Q2, tracking close to plan.

Financial highlights

• Consolidated ordinary revenues (J-GAAP) rose 19.4% YoY to ¥1,532.4 billion, driven by all major business segments.

• Consolidated ordinary loss was ¥19.3 billion, compared to a profit of ¥25.6 billion in the prior year, due to declines in life insurance and banking profits.

• Loss attributable to owners was ¥17.4 billion, versus a profit of ¥17.8 billion YoY.

• Life insurance segment saw ordinary revenues up 20.6% YoY to ¥1,369.8 billion, but posted an ordinary loss of ¥31.7 billion due to deteriorated gains/losses on securities sales and bond sales for ALM.

• Non-life insurance segment ordinary profit increased 111.6% YoY to ¥6.0 billion, with a lower loss ratio from fewer natural disasters.

Outlook and guidance

• FY25 group consolidated adjusted net income forecast remains at ¥98.0 billion.

• FY25 year-end dividend forecast is ¥25.0 billion (¥50.0 billion annualized).

• Forecast for the year ending March 31, 2026: ordinary profit of ¥122.0 billion (up 171.8%), net profit of ¥82.0 billion (up 4.1%), and basic EPS of ¥11.47.

• Group consolidated revenue forecast for FY25 is ¥1 trillion, with pre-tax net income forecast at ¥60.0 billion.

• No forecast provided for ordinary revenues due to market-driven volatility in separate account investment income.