Reported Earnings • Jun 23
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥701 (up from JP¥251 in FY 2025). Revenue: JP¥5.97t (up 10% from FY 2025). Net income: JP¥640.1b (up 163% from FY 2025). Profit margin: 11% (up from 4.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 50%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year. Live News • Jun 16
Sompo Holdings Reports Progress on Compliance Reforms and Customer Trust Initiatives Sompo Holdings and core unit Sompo Japan submitted updates to regulators on the progress of their mandated business improvement plans.
The plans address issues related to fraudulent auto insurance claims, premium handling problems and past customer data leaks.
Management reiterated a focus on customer-centric operations and said they intend to embed compliance and governance reforms into the corporate culture to restore trust.
The key signal here is that regulators are being kept closely informed, which suggests oversight of Sompo’s governance and conduct remains a central theme for the group.
For you, the main question is how quickly these cultural and process changes translate into steadier operations and whether any further regulatory actions or remediation costs emerge as the reforms continue. Announcement • Jun 03
Sompo Holdings, Inc. to Report Q1, 2027 Results on Aug 14, 2026 Sompo Holdings, Inc. announced that they will report Q1, 2027 results on Aug 14, 2026 Reported Earnings • May 23
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥701 (up from JP¥251 in FY 2025). Revenue: JP¥5.72t (up 5.4% from FY 2025). Net income: JP¥640.1b (up 163% from FY 2025). Profit margin: 11% (up from 4.5% in FY 2025). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 50%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year. Live News • May 23
Sompo Holdings Sees Record Profit and Buyback Plans as Margins Face Pressure Sompo reported record profit and net income for FY2025, helped by stronger property and casualty (P&C) profitability and lower catastrophe losses, with growth across all business segments.
For FY2026, Sompo guided to net income of ¥640.1b, revenue 6.1% higher, and announced a share buyback capped at ¥69b, up to 1.9% of shares.
The company forecasts FY2027 net income of ¥490b and plans to raise the dividend from ¥150 to ¥200 per share. It is also targeting further overseas expansion through the consolidation of Aspen, even as Q2 FY2026 EPS came in 30.52% below expectations and the stock fell 13.47% on margin concerns.
The mix of record FY2025 results and higher capital returns, alongside an earnings miss and margin pressure in Q2 FY2026, highlights a story where growth plans and shareholder payouts are partly offset by questions around the quality of profitability.
Investors may want to watch how Sompo manages P&C claims costs and the integration of Aspen, since these areas appear central to whether margins align more closely with the company’s profit and dividend ambitions. Announcement • May 02
Sompo Holdings, Inc. to Report Fiscal Year 2026 Results on May 20, 2026 Sompo Holdings, Inc. announced that they will report fiscal year 2026 results at 4:30 PM, Tokyo Standard Time on May 20, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.3%). New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥174 (vs JP¥124 in 3Q 2025) Third quarter 2026 results: EPS: JP¥174 (up from JP¥124 in 3Q 2025). Revenue: JP¥1.55t (up 31% from 3Q 2025). Net income: JP¥157.9b (up 32% from 3Q 2025). Profit margin: 10% (in line with 3Q 2025). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
Sompo Holdings, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Sompo Holdings, Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects insurance revenue of JPY 5,300 billion as compared to JPY 5,250 billion previously forecasted, net income attributable to owners of parent of JPY 580 billion as compared to JPY 540 billion previously forecasted, and basic earnings per share of JPY 634.22. Price Target Changed • Jan 16
Price target increased by 7.2% to JP¥6,080 Up from JP¥5,669, the current price target is an average from 10 analysts. New target price is 6.3% above last closing price of JP¥5,717. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥598 for next year compared to JP¥251 last year. Major Estimate Revision • Dec 24
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥486 to JP¥591. Revenue forecast unchanged at JP¥5.54t. Net income forecast to grow 43% next year vs 4.9% growth forecast for Insurance industry in Japan. Consensus price target broadly unchanged at JP¥5,533. Share price was steady at JP¥5,314 over the past week. Declared Dividend • Dec 06
First half dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 30th March 2026 Payment date: 24th June 2026 Dividend yield will be 3.0%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Dec 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Dec 02
Sompo Holdings, Inc. to Report Q3, 2026 Results on Feb 13, 2026 Sompo Holdings, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 20
Second quarter 2026 earnings released: EPS: JP¥264 (vs JP¥146 in 2Q 2025) Second quarter 2026 results: EPS: JP¥264 (up from JP¥146 in 2Q 2025). Revenue: JP¥1.51t (up 5.2% from 2Q 2025). Net income: JP¥241.8b (up 70% from 2Q 2025). Profit margin: 16% (up from 9.9% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Nov 19
Sompo Holdings, Inc. (TSE:8630) announces an Equity Buyback for 24,000,000 shares, representing 2.64% for ¥77,000 million. Sompo Holdings, Inc. (TSE:8630) announces a share repurchase program. Under the program, the company will repurchase up to 24,000,000 shares, representing 2.64% of its issued share capital, for ¥77,000 million. The program is part of the company's shareholder return policy. The program is valid till March 31, 2026. As of October 31, 2025, there are 909,456,729 outstanding shares (excluding treasury stock) and 24,772,038 treasury shares. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 04 December 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Announcement • Sep 03
Sompo Holdings, Inc. to Report Q2, 2026 Results on Nov 19, 2025 Sompo Holdings, Inc. announced that they will report Q2, 2026 results on Nov 19, 2025 Announcement • Aug 20
Sompo Reportedly in Discussions to Acquire Aspen Sompo Holdings, Inc. (TSE:8630) is in discussions to acquire Aspen Insurance Holdings Limited (NYSE:AHL) just months after the company listed on the NYSE, Insurance Insider's Adam McNestrie and Rachel Dalton report, citing sources. Detailed talks have taken place, with a clear path to an agreement, the authors note. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥127 (vs JP¥122 in 1Q 2025) First quarter 2026 results: EPS: JP¥127. Revenue: JP¥1.39t (down 6.1% from 1Q 2025). Net income: JP¥118.6b (down 1.2% from 1Q 2025). Profit margin: 8.5% (up from 8.1% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Insurance industry in Japan. Declared Dividend • Jul 09
Final dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 29th September 2025 Payment date: 4th December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 04
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥251 (down from JP¥420 in FY 2024). Revenue: JP¥5.42t (up 11% from FY 2024). Net income: JP¥243.1b (down 42% from FY 2024). Profit margin: 4.5% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Board Change • Jun 26
High number of new directors Group CFO, Deputy President, Representative Executive Officer & Director Masahiro Hamada was the last director to join the board, commencing their role in 2024. Announcement • Jun 05
Sompo Holdings, Inc. to Report Q1, 2026 Results on Aug 14, 2025 Sompo Holdings, Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Announcement • May 20
Sompo Holdings, Inc., Annual General Meeting, Jun 23, 2025 Sompo Holdings, Inc., Annual General Meeting, Jun 23, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥76.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Mar 12
Sompo Holdings, Inc. to Report Fiscal Year 2025 Results on May 20, 2025 Sompo Holdings, Inc. announced that they will report fiscal year 2025 results on May 20, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥124 (vs JP¥194 in 3Q 2024) Third quarter 2025 results: EPS: JP¥124 (down from JP¥194 in 3Q 2024). Revenue: JP¥1.15t (down 1.6% from 3Q 2024). Net income: JP¥119.6b (down 38% from 3Q 2024). Profit margin: 10% (down from 16% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Sompo Holdings, Inc. Announces Executive Changes Sompo Holdings, Inc. announced the formation of its business into two global segments: Sompo Property and Casualty (re)insurance (Sompo P&C), and Sompo Wellbeing, effective April 1, 2025. Sompo P&C will integrate Sompo International Holdings Ltd’s insurance and reinsurance business together with its Japan commercial and consumer P&C operations. The segment will be led by James Shea, currently Chairman and Chief Executive Officer (CEO) of Sompo’s global insurance and reinsurance business outside of Japan. Mr. Shea will become CEO, Sompo P&C, continuing to report to Sompo Group CEO Mikio Okumura. He will also continue in his current role running the Overseas Insurance and Reinsurance business. Within the new Sompo P&C business structure: Koji Ishikawa, CEO of Sompo Japan, continues in his role, and will now report to Mr. Shea. Kenneth Reilly will expand his current responsibilities as CEO, Insurance, Asia Pacific, to also include Deputy CEO of Sompo Japan, Commercial Insurance. Nicolas Burnet will become Group Deputy Chief Financial Officer (CFO) at Sompo Holdings, and CFO for Sompo P&C. He will help oversee the global investment strategy for Sompo in addition to capital allocation, investor relations and merger & acquisitions. He will report to Mr. Shea and Masahiro Hamada, Group CFO. Yasuhiro Oba, currently CEO of Sompo Himawari Life Insurance, will become Sompo Wellbeing CEO, reporting to Mikio Okumura. Within the new Sompo Wellbeing business structure: Yasuki Kume will become CEO of Sompo Himawari Life Insurance. Takamitsu Washimi will continue as CEO of Sompo Care. Price Target Changed • Dec 17
Price target increased by 7.7% to JP¥4,460 Up from JP¥4,141, the current price target is an average from 12 analysts. New target price is 6.5% above last closing price of JP¥4,189. Stock is up 86% over the past year. The company is forecast to post earnings per share of JP¥375 for next year compared to JP¥420 last year. Major Estimate Revision • Dec 13
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥5.33t to JP¥5.54t. EPS estimate increased from JP¥301 to JP¥336 per share. Net income forecast to shrink 39% next year vs 0.4% growth forecast for Insurance industry in Japan . Consensus price target up from JP¥4,141 to JP¥4,385. Share price rose 3.4% to JP¥4,230 over the past week. Announcement • Dec 12
LiveFreely Inc. acquired Sompo Horizon, LLC from Sompo Holdings, Inc. (TSE:8630). LiveFreely Inc. acquired Sompo Horizon, LLC from Sompo Holdings, Inc. (TSE:8630) on December 12, 2024.
LiveFreely Inc. completed the acquisition of Sompo Horizon, LLC from Sompo Holdings, Inc. (TSE:8630) on December 12, 2024. Price Target Changed • Dec 09
Price target increased by 7.9% to JP¥4,258 Up from JP¥3,947, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of JP¥4,114. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥318 for next year compared to JP¥420 last year. Announcement • Dec 05
Sompo Holdings, Inc. to Report Q3, 2025 Results on Feb 14, 2025 Sompo Holdings, Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Declared Dividend • Dec 05
First half dividend of JP¥76.00 announced Shareholders will receive a dividend of JP¥76.00. Ex-date: 28th March 2025 Payment date: 25th June 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,989, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Japan. Total returns to shareholders of 171% over the past three years. Announcement • Nov 19
Sompo Holdings, Inc. (TSE:8630) announces an Equity Buyback for 72,000,000 shares, representing 7.44% for ¥155,000 million. Sompo Holdings, Inc. (TSE:8630) announces a share repurchase program. Under the program, the company will repurchase up to 72,000,000 shares, representing 7.44% of its issued share capital, for ¥ 155,000 million. The purpose of the program is to improve capital efficiency and shareholder returns. The program is valid till May 19, 2025. As of October 31, 2024, there are 967,370,758 outstanding shares (excluding treasury stock) and 23,111,309 treasury shares. Announcement • Oct 20
Sompo Appoints Maya Dongyoung Lee as COO for Apac Region Sompo has announced the appointment of a chief operating officer (COO) for the Asia Pacific (APAC) region. The firm has announced the appointment of Maya Dongyoung Lee to the position. The appointment is effective immediately. Lee is to oversee Sompo's operations across APAC. Major Estimate Revision • Oct 10
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥5.66t to JP¥5.02t. EPS estimate reaffirmed at JP¥278. Net income forecast to shrink 34% next year vs 7.8% growth forecast for Insurance industry in Japan . Consensus price target broadly unchanged at JP¥3,947. Share price rose 2.9% to JP¥3,315 over the past week. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥56.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Major Estimate Revision • Sep 12
Consensus revenue estimates decrease by 15%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥6.28t to JP¥5.36t. EPS estimate increased from JP¥265 to JP¥273 per share. Net income forecast to shrink 34% next year vs 0.06% growth forecast for Insurance industry in Japan . Consensus price target up from JP¥3,898 to JP¥3,985. Share price was steady at JP¥3,285 over the past week. Announcement • Aug 28
Sompo Holdings, Inc. to Report Q2, 2025 Results on Nov 19, 2024 Sompo Holdings, Inc. announced that they will report Q2, 2025 results on Nov 19, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥122 (vs JP¥100 in 1Q 2024) First quarter 2025 results: EPS: JP¥122 (up from JP¥100 in 1Q 2024). Revenue: JP¥1.48t (up 5.2% from 1Q 2024). Net income: JP¥120.0b (up 20% from 1Q 2024). Profit margin: 8.1% (up from 7.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥2,515, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Insurance industry in Japan. Total returns to shareholders of 82% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Jul 26
Price target increased by 8.2% to JP¥3,994 Up from JP¥3,691, the current price target is an average from 10 analysts. New target price is 25% above last closing price of JP¥3,202. Stock is up 53% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥420 last year. Declared Dividend • Jul 11
Final dividend of JP¥56.00 announced Shareholders will receive a dividend of JP¥56.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 5.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 68% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Price Target Changed • Jun 19
Price target increased by 11% to JP¥3,691 Up from JP¥3,328, the current price target is an average from 10 analysts. New target price is 14% above last closing price of JP¥3,235. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥266 for next year compared to JP¥420 last year. Announcement • Jun 15
Sompo Holdings, Inc. to Report Q1, 2025 Results on Aug 09, 2024 Sompo Holdings, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥4.88t to JP¥5.32t. EPS estimate fell from JP¥320 to JP¥275 per share. Net income forecast to shrink 35% next year vs 13% growth forecast for Insurance industry in Japan . Consensus price target up from JP¥3,208 to JP¥3,278. Share price was steady at JP¥3,273 over the past week. Reported Earnings • May 22
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥420 (up from JP¥90.21 in FY 2023). Revenue: JP¥4.85t (up 5.5% from FY 2023). Net income: JP¥416.1b (up 356% from FY 2023). Profit margin: 8.6% (up from 2.0% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Announcement • May 22
Sompo Holdings, Inc., Annual General Meeting, Jun 24, 2024 Sompo Holdings, Inc., Annual General Meeting, Jun 24, 2024. Announcement • May 21
Sompo Holdings, Inc. (TSE:8630) announces an Equity Buyback for 40,000,000 shares, representing 4.04% for ¥77,000 million. Sompo Holdings, Inc. (TSE:8630) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares, representing 4.04% of its issued share capital (excluding treasury stock), for ¥77,000 million. The purpose of the buyback is maintaining financial soundness and improving capital efficiency. The plan will be valid up to November 18, 2024. As on April 30, 2024, the company had 990,162,313 shares issued (excluding treasury stock), and had 319,754 shares in its treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.8%). Announcement • Mar 07
Sompo Holdings, Inc. to Report Fiscal Year 2024 Results on May 20, 2024 Sompo Holdings, Inc. announced that they will report fiscal year 2024 results on May 20, 2024 Price Target Changed • Mar 07
Price target increased by 11% to JP¥8,570 Up from JP¥7,711, the current price target is an average from 11 analysts. New target price is 7.6% below last closing price of JP¥9,270. Stock is up 55% over the past year. The company is forecast to post earnings per share of JP¥991 for next year compared to JP¥271 last year. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥582 (vs JP¥173 in 3Q 2023) Third quarter 2024 results: EPS: JP¥582 (up from JP¥173 in 3Q 2023). Revenue: JP¥1.15t (up 5.5% from 3Q 2023). Net income: JP¥191.5b (up 232% from 3Q 2023). Profit margin: 17% (up from 5.3% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. New Risk • Jan 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥986 to JP¥846 per share. Revenue forecast steady at JP¥4.71t. Net income forecast to grow 9.6% next year vs 9.6% growth forecast for Insurance industry in Japan. Consensus price target broadly unchanged at JP¥7,188. Share price fell 4.3% to JP¥6,710 over the past week. Major Estimate Revision • Dec 08
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥749 to JP¥838. Revenue forecast unchanged at JP¥4.79t. Net income forecast to grow 11% next year vs 7.4% growth forecast for Insurance industry in Japan. Consensus price target of JP¥6,978 unchanged from last update. Share price rose 3.9% to JP¥7,102 over the past week. Announcement • Dec 07
Sompo Holdings, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Sompo Holdings, Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, company revised Net income attributable to shareholders of the parent to JPY 324 billion compared to JPY 264 billion previously forecasted and Net income per share of JPY 984.25 compared to JPY 801.98 as previously forecasted. Announcement • Nov 30
Sompo Holdings, Inc. to Report Q3, 2024 Results on Feb 14, 2024 Sompo Holdings, Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 19
Second quarter 2024 earnings released: EPS: JP¥95.40 (vs JP¥183 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥95.40 (up from JP¥183 loss in 2Q 2023). Revenue: JP¥1.20t (down 3.6% from 2Q 2023). Net income: JP¥31.5b (up JP¥93.3b from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥150 per share at 4.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.6%). Announcement • Sep 09
Sompo Holdings, Inc. Announces Resignation of Giichi Shirakawa from CEO of Domestic P&C Insurance Business, Senior Vice President and Executive Officer Sompo Holdings, Inc. announced that at the board meeting held on September 8, 2023 Mr. Giichi Shirakawa has tendered his resignation from CEO of Domestic P&C Insurance Business, Senior Vice President and Executive Officer of SOMPO Holdings, Inc, effective September 8, 2023. Announcement • Aug 31
Sompo Holdings, Inc. to Report Q2, 2024 Results on Nov 17, 2023 Sompo Holdings, Inc. announced that they will report Q2, 2024 results on Nov 17, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥300 (vs JP¥122 in 1Q 2023) First quarter 2024 results: EPS: JP¥300 (up from JP¥122 in 1Q 2023). Revenue: JP¥1.42t (up 12% from 1Q 2023). Net income: JP¥100.0b (up 139% from 1Q 2023). Profit margin: 7.0% (up from 3.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Insurance industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (101% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Announcement • Jun 15
Sompo Holdings, Inc. to Report Q1, 2024 Results on Aug 09, 2023 Sompo Holdings, Inc. announced that they will report Q1, 2024 results on Aug 09, 2023 Major Estimate Revision • May 31
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥601 to JP¥665. Revenue forecast unchanged at JP¥4.38t. Net income forecast to grow 123% next year vs 25% growth forecast for Insurance industry in Japan. Consensus price target broadly unchanged at JP¥6,331. Share price fell 5.9% to JP¥5,690 over the past week. Major Estimate Revision • May 27
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥574 to JP¥640. Revenue forecast unchanged at JP¥4.10t. Net income forecast to grow 157% next year vs 24% growth forecast for Insurance industry in Japan. Consensus price target broadly unchanged at JP¥6,328. Share price fell 2.6% to JP¥5,871 over the past week.