Financials Dai-ichi Life Holdings, Inc.

Equities

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-12-09 EST			5-day change	1st Jan Change
1,232.00 ^JPY	-0.04%		+2.45%	+16.36%

12-04	Dai-ichi Life Holdings, Inc., Q2 2026 Earnings Call, Nov 27, 2025
11-26	Dai-Ichi Life Holdings Seeks Acquisitions in Overseas and Noninsurance Businesses	CI

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	7,827,800	8,209,708	9,519,445	11,028,166	9,873,251	9,541,841	10,304,559	9,843,737
Change	-	4.88%	15.95%	15.85%	-10.47%	-3.36%	7.99%	-4.47%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT	482,540	474,371	280,679	426,998	-	-	-	-
Change	-	-1.69%	-40.83%	52.13%	-	-	-	-
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	482,500	474,371	280,679	426,998	562,299	536,397	576,011	607,586
Change	-	-1.68%	-40.83%	52.13%	31.69%	-4.61%	7.39%	5.48%
Net income ¹	363,700	409,353	192,301	320,765	429,613	407,288	425,276	440,579
Change	-	12.55%	-53.02%	66.8%	33.93%	-5.2%	4.42%	3.6%
Announcement Date	5/14/21	5/12/22	5/15/23	5/15/24	5/15/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2025 Q1	2025 Q3	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	1,721,878	2,742,763	1,945,535	1,820,246	1,907,967	2,867,710	2,747,360	2,229,178	-	3,003,428	-	2,230,668	2,995,252	2,648,470	2,294,076	2,825,519	2,450,000	2,482,000
Change	-	59.29%	-29.07%	-6.44%	4.82%	50.3%	-4.2%	-18.86%	-	-	-	-	34.28%	-11.58%	-13.38%	23.17%	-13.29%	1.31%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	108,639	-	180,511	-	147,465	119,155	-	52,802	-	89,733	-	83,792	179,489	161,752	68,174	-	-	-
Change	-	-	-	-	-	-19.2%	-	-	-	-	-	-	114.21%	-9.88%	-57.85%	-	-	-
Net income ¹	81,881	198,490	138,410	40,064	114,433	81,112	27,093	36,259	47,837	67,323	90,131	60,491	135,246	120,523	43,177	166,425	105,000	105,000
Change	-	142.41%	-30.27%	-71.05%	185.63%	-29.12%	-66.6%	33.83%	31.93%	40.73%	33.88%	-32.89%	123.58%	-10.89%	-64.18%	285.45%	-36.91%	0%
Announcement Date	2/12/21	5/14/21	8/11/21	11/12/21	2/14/22	8/10/22	11/14/22	2/14/23	5/15/23	8/10/23	11/14/23	2/14/24	8/9/24	2/14/25	8/8/25	11/14/25	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2023 S1	2024 S1	2025 S1	2026 S1
Net sales ¹	3,765,781	5,615,070	5,536,713	5,191,244	5,119,595
Change	-	49.11%	-1.4%	-6.24%	-1.38%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT	-	-	-	-	-
Change	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT) ¹	234,334	151,767	211,474	316,196	294,945
Change	-	-35.23%	39.34%	49.52%	-6.72%
Net income ¹	178,474	108,205	157,454	233,188	209,602
Change	-	-39.37%	45.51%	48.1%	-10.11%
Announcement Date	11/12/21	11/14/22	11/14/23	11/14/24	11/14/25

¹JPY in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-984,371	870,383	-712,475	975,286	1,194,998	1,199,382	1,199,382	1,199,382
Change	-	188.42%	-181.86%	236.89%	22.53%	0.37%	0%	0%
Announcement Date	5/14/21	5/12/22	5/15/23	5/15/24	5/15/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	43,485	38,166	99,465	117,860	51,139	60,115
Change	-	-12.23%	160.61%	18.49%	-56.61%	17.55%
Free Cash Flow (FCF) ¹	-1,056,943	-20,930	-105,783	917,040	358,866	147,267
Change	-	98.02%	-405.41%	966.91%	-60.87%	-58.96%
Announcement Date	10/9/20	10/13/21	6/21/22	6/27/23	6/25/24	5/15/25

¹JPY in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	6.16%	5.78%	2.95%	3.87%	-	-	-	-
EBT Margin (%)	6.16%	5.78%	2.95%	3.87%	5.7%	5.64%	5.54%	6.12%
Net margin (%)	4.65%	4.99%	2.02%	2.91%	4.35%	4.29%	4.09%	4.42%
FCF margin (%)	-2.05%	-	-3.62%	8.18%	4.27%	-	-	-
FCF / Net Income (%)	-44.14%	-	-179.28%	281.13%	98.07%	-	-	-
Profitability
ROA	0.89%	0.91%	0.64%	0.83%	1.05%	0.7%	0.61%	0.61%
ROE	8.5%	8.9%	5.3%	9.8%	11.7%	12.53%	11.88%	12.3%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	1.08x	2.84x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.03%	2%	2.23%	0.87%	1.73%	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-50.23%	-	-61.58%	10.6%	40.64%	-	-	-
Items per share
Cash flow per share ¹	96.9	115.6	71.98	105.4	144.7	-	-	-
Change	-	19.33%	-37.76%	46.44%	37.29%	-	-	-
Dividend per Share ¹	15.5	20.75	21.5	28.25	34.25	50.69	57.89	63.21
Change	-	33.87%	3.61%	31.4%	21.24%	47.99%	14.21%	9.2%
Book Value Per Share ¹	1,082	1,076	730.4	1,027	942.5	1,007	1,011	994.2
Change	-	-0.61%	-32.09%	40.57%	-8.2%	6.8%	0.48%	-1.7%
EPS ¹	81.4	95.79	47.32	82.42	116	111.3	118.2	124.5
Change	-	17.67%	-50.6%	74.18%	40.68%	-4.01%	6.24%	5.33%
Nbr of stocks (in thousands)	4,456,616	4,097,840	3,766,426	3,780,689	3,570,454	3,641,808	3,641,808	3,641,808
Announcement Date	5/14/21	5/12/22	5/15/23	5/15/24	5/15/25	-	-	-