DAI-ICHI LIFE HOLDINGS CO.

8750 第一生命ホールディングス株式会社

Insurance · Prime · TSE: Disclosed

PRICE: ¥1,754 · MKT CAP: ¥1.6T · P/E: 15.1x · P/B: 1.86x · DIV YIELD: 7.8%

PRICE — 5Y

Characteristics & Business Summary

Daiichi Life Group, Inc., through its subsidiaries, provides insurance products in Japan, the United States, and internationally. The company operates through three segments: Domestic Insurance Business, Overseas Insurance Business, and Other Business. It...

Income Statement Highlights (¥ Billion, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	—	—	269	196	226
Operating Profit	7,828	8,210	254	178	199
Ordinary Profit	553	591	411	539	719
Net Profit	364	409	192	321	430
EPS	¥327	¥398	¥195	¥338	¥465
DPS	¥62	¥83	¥86	¥113	¥137

Balance Sheet & Valuation Highlights

Total Assets ¥69,593B

Net Assets (Equity) ¥3,470B

Equity Ratio 5.0%

ROE (Return on Equity) 21.3%

Cash & Equivalents ¥2,314B

Interest-Bearing Debt ¥1,603B

Capital Expenditure (CapEx) ¥60B

Depreciation & Amort. ¥92B

Major Shareholders

1. Japan Master Trust Bank 15.3%
2. Japan Custody Bank 5.4%
3. SMP PARTNERS (CAYMAN) LIMITED 2.6%
4. STATE STREET BANK WEST CLIENT - TREATY 2.0%
5. State Street Bank and Trust Company 2.0%
6. 新生信託銀行株式会社ECM MF信託口8299002 1.9%
7. CGML PB CLIENT ACCOUNT/COLLATERAL 1.7%
8. Citibank, N.A. 1.6%
9. Mizuho Bank 1.5%
10. Citibank, N.A. 1.4%

Activist Activity

BlackRock Japan Co., Ltd. and affiliates 1.99%

2026-06-05 · increase

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 5.03%

2026-04-06 · initial_5pct

Effissimo Capital Management Pte. Ltd. 10.99%

2026-02-27 · change

Effissimo Capital Management Pte. Ltd. 10.99%

2026-02-27 · change

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 4.67%

2025-09-19 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	—	—	¥273	¥206	¥244
FCF/Share	¥-106	¥-546	¥-254	¥997	¥576
EPS	¥327	¥398	¥195	¥338	¥465
DPS	¥62	¥83	¥86	¥113	¥137
Capital Spending per share	¥34	¥97	¥119	¥54	¥65
Book Value per share	¥1,700	¥1,941	¥1,996	¥1,973	¥2,179
Common Shares Outstanding	1,114M	1,028M	987M	949M	924M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	—	—	¥269B	¥196B	¥226B
Operating Margin (%)	—	—	94.5%	91.0%	88.1%
Net Profit (owners)	¥364B	¥409B	¥192B	¥321B	¥430B
Net Profit Margin (%)	—	—	71.4%	164.0%	190.4%
Working Capital	—	—	¥-58,527B	¥-63,231B	¥-65,710B
Total Debt (Interest-bearing)	¥900B	¥870B	¥1,157B	¥1,372B	¥1,603B
Net Worth (Common Equity)	¥1,894B	¥1,996B	¥1,971B	¥1,872B	¥2,015B
Return on Total Assets (ROA)	0.6%	0.6%	0.3%	0.5%	0.6%
Return on Common Equity (ROE)	19.2%	20.5%	9.8%	17.1%	21.3%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.