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Tokio Marine, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 3%, Dividend Revised Upward by 1 Yen

Wed Nov 19, 2025 3:30 pm JST Earnings

8766 Tokio Marine Holdings, Inc. 【J-GAAP】

Earnings Report

Tokio Marine Holdings, Inc. <8766> [TSE Prime] announced its financial results after the market closed on November 19th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 6.1% from the same period last year to 0.88 trillion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 3.1%, from the previous forecast of 1.27 trillion yen to 1.23 trillion yen (compared to 1.46 trillion yen in the previous period), leading to an increase in the profit decline rate from 13.0% to 15.8%.

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 drop 33.0% from the same period last year to 0.34 trillion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 210 yen to 211 yen (compared to 172 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.31 trillion yen, a 53.2% decrease compared to the same period last year.

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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 3,744,117 ー 275,956 205,005 103.4 32.8 Nov 17, 2023 J-GAAP
Apr - Sep, 2024 4,342,147 ー 937,946 688,500 351.4 64.2 Nov 19, 2024 J-GAAP
Apr - Sep, 2025 4,367,813 ー 880,281 686,835 359.1 71.6 Nov 19, 2025 J-GAAP
YoY +0.6% － -6.1% -0.2% +2.2%

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 － 105 May 20, 2025 J-GAAP
Apr - Sep, 2025 Results 4,367,813 ー 880,281 686,835 359.1 105.50 Nov 19, 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 ー ー 1,270,000 930,000 488.6 210 May 20, 2025 J-GAAP
Mar, 2026 New ー ー 1,230,000 910,000 478.1 211 Nov 19, 2025 J-GAAP
Revision Rate － － -3.1% -2.2% -2.2%

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 4,097,967 ー 522,061 366,776 188.4 91 May 20, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー 349,719 223,165 117.3 105.50 Nov 19, 2025 J-GAAP
YoY － － -33.0% -39.2% -37.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,424,667 ー 842,576 695,808 351.6 123 May 20, 2024 J-GAAP
Mar, 2025 8,440,114 ー 1,460,007 1,055,276 542.2 172 May 20, 2025 J-GAAP
Mar, 2026 Guidance ー ー 1,230,000 910,000 478.1 211 Nov 19, 2025 J-GAAP
YoY － － -15.8% -13.8% -11.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,418,074 ー 672,914 491,184 250.7 0.0 Nov 19, 2024 J-GAAP
Oct - Dec, 2024 1,907,539 ー 281,189 206,710 105.9 0.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,190,428 ー 240,872 160,066 82.2 0.0 May 20, 2025 J-GAAP
Apr - Jun, 2025 2,268,529 ー 565,287 466,820 243.5 0.0 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 2,099,284 ー 314,994 220,015 115.0 0.0 Nov 19, 2025 J-GAAP
YoY -13.2% － -53.2% -55.2% -54.1%

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