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Dai-ichi Life, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%, Dividend Effectively Increased

Fri Nov 14, 2025 2:30 pm JST Earnings

8750 Dai-ichi Life Holdings,Inc. 【J-GAAP】

Earnings Report

Dai-ichi Life Holdings,Inc. <8750> [TSE Prime] announced its financial results in the afternoon session on November 14th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 7.7% from the same period last year to 343 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 13.5%, from the previous forecast of 617 billion yen to 700 billion yen (compared to 719 billion yen in the previous period), and the declining rate is expected to decrease from 14.2% to 2.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 2.8% from the same period last year, reaching 356 billion yen.

At the same time, due to a planned 4-for-1 forward stock split is scheduled for March 31, the annual dividend for the current fiscal year has been revised from the original plan of 48 yen to 51 yen (equivalent to 51 yen before the forward stock split) This effectively represents a 6.3% increase in the annual dividend.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 51.1% from the same period last year, reaching 247 billion yen.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 5,536,713 ー 264,544 157,454 40.0 49.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,191,244 ー 372,097 233,188 62.5 51.7 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 5,119,595 ー 343,351 209,602 57.2 49.1 Nov 14, 2025 J-GAAP
YoY -1.4% － -7.7% -10.1% -8.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 24 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 5,119,595 ー 343,351 209,602 57.2 24 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 9,162,000 ー 617,000 347,000 95.4 48 May 15, 2025 J-GAAP
Mar, 2026 New 10,322,000 ー 700,000 400,000 110.0 51 Nov 14, 2025 J-GAAP
Revision Rate +12.7% － +13.5% +15.3% +15.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 4,682,007 ー 346,975 196,425 53.0 19 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,202,405 ー 356,649 190,398 52.4 27 Nov 14, 2025 J-GAAP
YoY +11.1% － +2.8% -3.1% -1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 11,028,166 ー 539,006 320,765 82.4 28.25 May 15, 2024 J-GAAP
Mar, 2025 9,873,251 ー 719,072 429,613 116.0 34.25 May 15, 2025 J-GAAP
Mar, 2026 Guidance 10,322,000 ー 700,000 400,000 110.0 51 Nov 14, 2025 J-GAAP
YoY +4.5% － -2.7% -6.9% -5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,195,992 ー 163,618 97,942 26.3 0.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,648,470 ー 185,551 120,523 32.5 0.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,033,537 ー 161,424 75,902 20.5 0.0 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,294,076 ー 96,056 43,177 11.8 0.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,825,519 ー 247,295 166,425 45.5 0.0 Nov 14, 2025 J-GAAP
YoY +28.7% － +51.1% +69.9% +73.1%

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