Board Change • May 20
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Outside Director Shoei Yamana was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 22, 2026 Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 22, 2026. Announcement • Apr 01
Japan Post Insurance Co., Ltd. (TSE:7181) acquired an unknown minority stake in Hoken Minaoshi Hompo Group, Inc. Japan Post Insurance Co., Ltd. (TSE:7181) acquired an unknown minority stake in Hoken Minaoshi Hompo Group, Inc. on March 31, 2026.
Japan Post Insurance Co., Ltd. (TSE:7181) completed the acquisition of an unknown minority stake in Hoken Minaoshi Hompo Group, Inc. on March 31, 2026. Announcement • Mar 14
Japan Post Insurance Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Japan Post Insurance Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Announcement • Feb 13
Japan Post Insurance Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Japan Post Insurance Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects net income attributable to company shareholders of JPY 159,000 million and Net income per share of JPY 430.79. Announcement • Dec 24
Japan Post Insurance Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Japan Post Insurance Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Announcement • Nov 14
Japan Post Insurance Co., Ltd. (TSE:7181) announces an Equity Buyback for 20,000,000 shares, representing 5.38% for ¥45,000 million. Japan Post Insurance Co., Ltd. (TSE:7181) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 5.38 of its issued share capital, for ¥4,000 million. The purpose of the buyback is to improve capital efficiency and enhance shareholder returns as part of the shareholder return policy. The program will expire on March 31, 2026 As of October 31, 2025, the company had 371,811,454 shares outstanding excluding treasury shares and 11,246 treasury shares. Announcement • Sep 22
Japan Post Insurance Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Japan Post Insurance Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Jun 27
Japan Post Insurance Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Japan Post Insurance Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • May 15
Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 18, 2025 Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 18, 2025. Announcement • Mar 26
Japan Post Insurance Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Japan Post Insurance Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Announcement • Dec 26
Japan Post Insurance Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Japan Post Insurance Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €18.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.09 per share. Announcement • Nov 14
Japan Post Insurance Co., Ltd. (TSE:7181) announces an Equity Buyback for 30,000,000 shares, representing 7.83% for ¥35,000 million. Japan Post Insurance Co., Ltd. (TSE:7181) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares, representing 7.83% of its issued share capital, for ¥35,000 million. The purpose of the buyback is to improve capital efficiency and enhance shareholder returns as part of the shareholder return policy. The program will expire on November 14, 2025. As of September 30, 2024, the company had 383,181,149 shares outstanding excluding treasury shares and 11,151 treasury shares. Announcement • Sep 25
Japan Post Insurance Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Japan Post Insurance Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.9%). Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥54.73 (vs JP¥54.97 in 1Q 2024) First quarter 2025 results: EPS: JP¥54.73 (down from JP¥54.97 in 1Q 2024). Revenue: JP¥1.28t (up 48% from 1Q 2024). Net income: JP¥20.9b (flat on 1Q 2024). Profit margin: 1.6% (down from 2.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 21
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to €18.00. The fair value is estimated to be €22.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 2.0% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥52.00 announced Shareholders will receive a dividend of JP¥52.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 286%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 7.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Japan Post Insurance Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Japan Post Insurance Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • May 20
Japan Post Insurance Co., Ltd. to Report Fiscal Year 2024 Final Results on May 30, 2024 Japan Post Insurance Co., Ltd. announced that they will report fiscal year 2024 final results on May 30, 2024 New Risk • May 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 71% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (71% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥227 (vs JP¥249 in FY 2023) Full year 2024 results: EPS: JP¥227 (down from JP¥249 in FY 2023). Revenue: JP¥2.80t (down 16% from FY 2023). Net income: JP¥87.1b (down 11% from FY 2023). Profit margin: 3.1% (up from 2.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 17
Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 17, 2024 Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 17, 2024. New Risk • May 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Announcement • Mar 27
Japan Post Insurance Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Japan Post Insurance Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥38.45 (vs JP¥72.04 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.45 (down from JP¥72.04 in 3Q 2023). Revenue: JP¥717.3b (down 12% from 3Q 2023). Net income: JP¥14.7b (down 47% from 3Q 2023). Profit margin: 2.1% (down from 3.4% in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Dec 27
Japan Post Insurance Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Japan Post Insurance Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Nov 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥76.81 (vs JP¥92.89 in 2Q 2023) Second quarter 2024 results: EPS: JP¥76.81 (down from JP¥92.89 in 2Q 2023). Revenue: JP¥825.9b (down 4.9% from 2Q 2023). Net income: JP¥29.4b (down 20% from 2Q 2023). Profit margin: 3.6% (down from 4.2% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 28
Japan Post Insurance Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Japan Post Insurance Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥47.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.0%). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥54.97 (vs JP¥29.12 in 1Q 2023) First quarter 2024 results: EPS: JP¥54.97 (up from JP¥29.12 in 1Q 2023). Revenue: JP¥811.9b (down 2.0% from 1Q 2023). Net income: JP¥21.0b (up 81% from 1Q 2023). Profit margin: 2.6% (up from 1.4% in 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Jul 18
High number of new directors There are 6 new directors who have joined the board in the last 3 years. President, CEO, Representative Executive Officer & Director Kunio Tanigaki was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Japan Post Insurance Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Japan Post Insurance Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • Jun 20
Japan Post Insurance Co., Ltd. Announces Change in Representative Executive Officer Japan Post Insurance Co., Ltd. announced that at the meeting of the Board of Directors held on June 19, 2023, it resolved to change its Representative Executive Officers as follows: The change is due to the determination of the new executive structure to take effect on June 19, 2023. Details of Change: Name: SHIMA Toshitaka. New position: Deputy President, Representative Executive Officer. Former position: Deputy President, Executive Officer. Past experience, positions and responsibilities: April 1986: Joined the Ministry of Posts and Telecommunications. July 2008: Deputy Manager of General Affairs/Human Resources Department of Japan Post Holdings Co., Ltd. April 2011: Senior General Manager of General Affairs/Human Resources Department of Japan Post Holdings Co., Ltd. August 2013: Senior General Manager of General Affairs/Human Resources Department of Japan Post Holdings Co., Ltd. April 2014: Senior General Manager of Human Resources Department of Japan Post Holdings Co., Ltd. June 2017: Executive Officer, Senior General Manager of Human Resources. Department of Japan Post Holdings Co., Ltd. January 2020: Managing Executive Officer, Senior General Manager of Human Resources Department of Japan Post Holdings Co.,Ltd. February 2020: Managing Executive Officer of Japan Post Holdings Co., Ltd. April 2021: Senior Executive Officer of Japan Post Co., Ltd. June 2022: Deputy President, Executive Officer of the Company. June 2023: Deputy President, Representative Executive Officer of the Company (current position). Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥249 (vs JP¥375 in FY 2022) Full year 2023 results: EPS: JP¥249 (down from JP¥375 in FY 2022). Revenue: JP¥3.33t (down 5.5% from FY 2022). Net income: JP¥97.6b (down 38% from FY 2022). Profit margin: 2.9% (down from 4.5% in FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 19, 2023 Japan Post Insurance Co., Ltd., Annual General Meeting, Jun 19, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥46.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.6%). Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥73.14 (vs JP¥97.57 in 3Q 2022) Third quarter 2023 results: EPS: JP¥73.14 (down from JP¥97.57 in 3Q 2022). Revenue: JP¥760.5b (down 8.8% from 3Q 2022). Net income: JP¥27.9b (down 28% from 3Q 2022). Profit margin: 3.7% (down from 4.7% in 3Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Japan Post Insurance Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Japan Post Insurance Co., Ltd. provided consolidated earnings guidance for the year Ending March 31, 2023. For the year, the company expected net sales of JPY 6,320,000 million, Operating profit of JPY 80,000 million, Net income attributable to Japan Post Insurance of JPY 87,000 million and Earnings per share of JPY 222.25. Announcement • Dec 21
Japan Post Insurance Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Japan Post Insurance Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Tonosu Kaori was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 29
Japan Post Insurance Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Japan Post Insurance Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥46.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.1%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥29.12 (vs JP¥84.75 in 1Q 2022) First quarter 2023 results: EPS: JP¥29.12 (down from JP¥84.75 in 1Q 2022). Revenue: JP¥828.4b (down 9.9% from 1Q 2022). Net income: JP¥11.6b (down 72% from 1Q 2022). Profit margin: 1.4% (down from 4.5% in 1Q 2022). Over the next year, revenue is forecast to grow 74%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 10
Japan Post Insurance Co., Ltd. (TSE:7181) announces an Equity Buyback for 30,000,000 shares, representing 7.51% for ¥35,000 million. Japan Post Insurance Co., Ltd. (TSE:7181) announces a share repurchase program. Under the program, the company will repurchase 30,000,000 shares, representing 7.51% of its issued shares for ¥35,000 million. The purpose of the program is improving capital efficiency and enhancing shareholder returns. The program will run until March 31, 2023. As of June 30, 2022, the company had 399,682,549 shares (excluding treasury stock) issued and 11,151 shares in treasury. Buying Opportunity • Jul 22
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €19.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is forecast to decline by 11% per annum over the same time period. Announcement • Jun 30
Japan Post Insurance Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Japan Post Insurance Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥375 (vs JP¥295 in FY 2021) Full year 2022 results: EPS: JP¥375. Revenue: JP¥3.47t (down 9.0% from FY 2021). Net income: JP¥158.1b (down 4.8% from FY 2021). Profit margin: 4.6% (up from 4.4% in FY 2021). Over the next year, revenue is forecast to grow 74%, compared to a 20% growth forecast for the insurance industry in Germany. Board Change • Apr 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Tomoaki Nara was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Japan Post Insurance Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Japan Post Insurance Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥95.76 (up from JP¥62.84 in 3Q 2021). Revenue: JP¥828.3b (down 9.3% from 3Q 2021). Net income: JP¥39.0b (up 10% from 3Q 2021). Profit margin: 4.7% (up from 3.9% in 3Q 2021). Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 73%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Second quarter 2022 earnings released: EPS JP¥98.43 (vs JP¥83.47 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥908.7b (down 5.8% from 2Q 2021). Net income: JP¥39.3b (down 16% from 2Q 2021). Profit margin: 4.3% (down from 4.9% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥914.8b (down 6.8% from 1Q 2021). Net income: JP¥41.2b (down 12% from 1Q 2021). Profit margin: 4.5% (down from 4.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Jul 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Tomoaki Nara was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Jun 19
Director Masaaki Horigane has left the company On the 17th of June, Masaaki Horigane's tenure as Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Masaaki's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.50 years. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥295 (vs JP¥267 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥3.77t (down 14% from FY 2020). Net income: JP¥166.1b (up 10% from FY 2020). Profit margin: 4.4% (up from 3.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥76.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 16 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 4.1%. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥62.84 (vs JP¥68.80 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: JP¥915.6b (down 9.5% from 3Q 2020). Net income: JP¥35.3b (down 8.7% from 3Q 2020). Profit margin: 3.9% (up from 3.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 13
Japan Post Insurance Co., Ltd. Revises its Earnings Guidance for the Year Fiscal Year Ending March 31, 2021 Japan Post Insurance Co., Ltd. revised its earnings guidance for the year fiscal year ending March 31, 2021. For the year, the company expected ordinary income JPY 6,750,000 million as compared to previous guidance of JPY 6,850,000 million. Ordinary profit of JPY 300,000 million as compared previous guidance of JPY 200,000 million. Net income attributable to Japan Post Insurance JPY 157,000 million as compared previous guidance of JPY 124,000 million. Net income per share of JPY 279.15 as compared previous guidance of JPY 220.47 per share. Is New 90 Day High Low • Jan 04
New 90-day high: €17.00 The company is up 25% from its price of €13.60 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.56 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €14.70 The company is up 7.0% from its price of €13.80 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.33 per share. Reported Earnings • Nov 28
Second quarter 2021 earnings released: EPS JP¥83.46 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥970.3b (down 16% from 2Q 2020). Net income: JP¥46.9b (up 10% from 2Q 2020). Profit margin: 4.8% (up from 3.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 16
New 90-day high: €14.30 The company is up 16% from its price of €12.30 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.41 per share. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥83.46 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥970.3b (down 16% from 2Q 2020). Net income: JP¥46.9b (up 10% from 2Q 2020). Profit margin: 4.8% (up from 3.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 13
Japan Post Insurance Co., Ltd. Announces No Dividend for the Second Quarter Ended September 30, 2020 Japan Post Insurance Co., Ltd. announced dividend of JPY 0 for the second quarter ended September 30, 2020 against JPY 38.00 paid a year ago. Is New 90 Day High Low • Oct 13
New 90-day high: €14.10 The company is up 18% from its price of €11.90 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.38 per share. Is New 90 Day High Low • Sep 18
New 90-day high: €13.80 The company is up 19% from its price of €11.60 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.90 per share. 
