Daiichi Life surges on record profit forecast and dividend increase
Daiichi Life Group, Inc. <8750> surged significantly. Around 2:30 p.m. on this day, the company announced its forecast for the fiscal year ending March 2027, projecting net income of 513 billion yen, up 17.5% year-on-year. The forecast indicates the company will post record-high profit for the first time in two fiscal years. While ordinary revenue is expected to decline due to reduced investment income at U.S. subsidiary Protective, profit is projected to benefit from growth in overseas life insurance operations. The company also announced its results for the fiscal year ended March 2026, reporting net income of 436.597 billion yen, down 4.8%.
Additionally, Dai-ichi Life revealed a change to its dividend policy. The company raised the target payout ratio from the previous "45% or higher" to "50% or higher." Accordingly, the dividend forecast for the current fiscal year was set at 72 yen, compared to 54.5 yen in the previous period. These announcements were well received by the market.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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