T&D Holdings Inc (JP:8795)
:8795
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T&D Holdings
(8795)
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Rating:66Neutral
Price Target:
¥4,270.00
▲(1.33% Upside)
Action:Reiterated
Date:05/16/26
The score is led by improving profitability and a conservative balance sheet, but is held back by historically volatile cash generation and mixed revenue momentum (notably the 2026 decline). Technicals are constructive with price above key moving averages, and valuation is supported by a mid P/E and a ~3.3% dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and a large equity base provide a durable capital buffer for an insurance franchise. This reduces solvency strain from underwriting or investment shocks, supports regulatory and rating stability, and preserves flexibility to underwrite, invest or pay claims over a multi‑month horizon.
Negative Factors
2026 revenue decline
A decline in revenue in 2026 signals weakening premium inflows or product demand, which is structural for a life insurer because new premiums drive the investable float and future earnings. If top‑line momentum does not recover, it will pressure long‑term fee income and investment alpha.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base provide a durable capital buffer for an insurance franchise. This reduces solvency strain from underwriting or investment shocks, supports regulatory and rating stability, and preserves flexibility to underwrite, invest or pay claims over a multi‑month horizon.
Read all positive factors
T&D Holdings (8795) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.96T
Dividend Yield2.74%
Average Volume (3M)2.03M
Price to Earnings (P/E)14.1
Beta (1Y)1.19
Revenue Growth-6.35%
EPS Growth16.15%
CountryJP
Employees20,408
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)232.47
Shares Outstanding488,000,000
10 Day Avg. Volume1,473,520
30 Day Avg. Volume2,029,060
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)1.22
Price to Sales (P/S)0.69
P/FCF Ratio14.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,560.00Price Target Upside8.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)331.07
Revenue Forecast (FY)¥3.26T
T&D Holdings Business Overview & Revenue Model
Company Description
T&D Holdings, Inc., through its subsidiaries, provides life insurance products and services primarily in Japan. It offers comprehensive coverage, including death benefit and medical/nursing care products through in-house sales representatives for ...
How the Company Makes Money
T&D Holdings makes money mainly through its life insurance businesses. Key revenue and earnings drivers include: (1) Insurance premiums: customers pay premiums for life insurance policies and related coverage, forming the core inflow to the operat...
T&D Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.02T | 2.86T | 2.89T | 2.80T | 2.51T | 2.18T |
| Gross Profit | 2.19T | 1.56T | 2.07T | 1.98T | 1.59T | 1.33T |
| EBITDA | 169.20B | 221.82B | 192.98B | 157.54B | -81.06B | 44.82B |
| Net Income | 115.92B | 138.97B | 126.41B | 98.78B | -132.15B | 14.18B |
Balance Sheet | ||||||
| Total Assets | 17.34T | 17.32T | 16.62T | 17.21T | 16.77T | 17.81T |
| Cash, Cash Equivalents and Short-Term Investments | 1.89T | 1.92T | 778.68B | 1.14T | 1.14T | 890.67B |
| Total Debt | 221.99B | 231.98B | 186.34B | 21.52B | 184.82B | 231.28B |
| Total Liabilities | 15.72T | 15.70T | 15.31T | 15.80T | 15.78T | 16.42T |
| Stockholders Equity | 1.62T | 1.61T | 1.30T | 1.40T | 987.17B | 1.38T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 136.80B | -379.46B | 247.25B | -329.92B | -404.87B |
| Operating Cash Flow | 0.00 | 150.22B | -359.87B | 262.75B | -307.63B | -396.88B |
| Investing Cash Flow | 0.00 | -245.29B | 94.27B | -180.25B | 665.96B | 283.20B |
| Financing Cash Flow | 0.00 | -13.57B | -87.34B | -79.23B | -106.58B | -57.75B |
T&D Holdings Technical Analysis
Positive
4214.00
Price Trends
3906.62
Positive
3866.22
Positive
3687.49
Positive
Market Momentum
57.23
Negative
57.29
Neutral
71.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8795, the sentiment is Positive. The current price of 4214 is above the 20-day moving average (MA) of 3921.35, above the 50-day MA of 3906.62, and above the 200-day MA of 3687.49, indicating a bullish trend. The MACD of 57.23 indicates Negative momentum. The RSI at 57.29 is Neutral, neither overbought nor oversold. The STOCH value of 71.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8795.
T&D Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥6.12T | 11.86 | 10.61% | 3.26% | 10.30% | 3.49% | |
74 Outperform | ¥55.72B | 16.91 | 6.16% | 1.10% | 4.70% | 44.87% | |
72 Outperform | ¥1.97T | 5.92 | 20.02% | 2.63% | 31.37% | 148.24% | |
71 Outperform | ¥146.54B | 20.10 | ― | ― | 14.78% | 34.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥1.96T | 14.15 | 7.91% | 2.74% | -6.35% | 16.15% | |
46 Neutral | ¥1.63T | 8.47 | ― | 2.44% | -12.57% | 42.29% |
* Financial Sector Average
JP:8795
T&D Holdings
4,142.00
941.69
29.43%
JP:8750
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48.25%
T&D Holdings Corporate Events
T&D Holdings Revamps Executive Pay to Strengthen Governance and Long-Term Incentives
May 15, 2026
TD Holdings and its three life insurance subsidiaries will overhaul their executive compensation systems from fiscal 2026 to better align pay with the group’s long-term vision and governance priorities. The move aims to reinforce management ...
T&D Holdings Lifts Profits and Dividends Despite Revenue Decline
May 15, 2026
TD Holdings reported consolidated ordinary revenues of ¥3.48 trillion for the year ended March 31, 2026, down 6.7% year on year, but boosted ordinary profit by 29.5% to ¥257.2 billion and profit attributable to owners of parent by 10.0% ...
T&D Holdings Flags ¥1.77 Trillion in Unrealized Bond Losses but Keeps Earnings Outlook
Apr 30, 2026
TD Holdings has disclosed that its TD Insurance Group recorded total unrealized losses of ¥1.77 trillion on held-to-maturity and policy-reserve-matching securities as of March 31, 2026, a level far exceeding its most recent consolidated ordin...
T&D Holdings Sets 2030 Vision to Navigate Shrinking Life Insurance Market
Apr 3, 2026
TD Holdings has unveiled a new Group Long-Term Vision, “Try Discover 2030 — Breaking Beyond —,” to guide its strategy from fiscal 2026 amid expectations of a shrinking life insurance market driven by demographic change. Th...
T&D Holdings Lifts Revenue and Dividend Outlook on Strong Premium Growth
Mar 17, 2026
TD Holdings has raised its consolidated ordinary revenue forecast for the fiscal year ending March 31, 2026, to ¥3.42 trillion, up 13.6% from its previous projection, driven by stronger-than-expected income from insurance premiums, particular...
T&D Holdings Completes ¥100 Billion Share Buyback Program
Mar 10, 2026
TD Holdings, Inc., the core company of the TD Insurance Group, has completed a share buyback program authorized under its Articles of Incorporation and the Companies Act of Japan. The company repurchased 1,812,900 common shares for approximately &...
T&D Holdings Nears Limit of ¥100 Billion Share Buyback Authorization
Mar 2, 2026
TD Holdings has continued its share buyback program, acquiring 2,425,300 shares of common stock for approximately 9.82 billion yen between February 1 and February 28, 2026, via open-market repurchases using a discretionary trading method. This lat...
T&D Holdings Reshapes Board Leadership to Strengthen Governance
Feb 27, 2026
TD Holdings, Inc. has approved a governance-driven change to its leadership structure, separating the roles of supervision and execution as it enters a new Long-Term Vision from fiscal 2026. The company will transfer the position of Chairman of th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.