T&D Holdings (8795) AI Stock Analysis

• Market Cap: ¥1.88T
• Dividend Yield: 2.74%
• Average Volume (3M): 2.03M
• Price to Earnings (P/E): 14.6
• Beta (1Y): 1.15
• Revenue Growth: -1.96%
• EPS Growth: 10.32%
• Country: JP
• Employees: 20,408
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 133.30
• Shares Outstanding: 544,000,000
• 10 Day Avg. Volume: 1,473,520
• 30 Day Avg. Volume: 2,029,060
• PEG Ratio: 0.41
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -4.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 287.4
• Revenue Forecast (FY): ¥3.27T

• Rating: 61 Neutral
• Price Target: ¥3,775.00 ▲(9.45% Upside)

T&D Holdings' overall stock score reflects a mixed financial performance with strong balance sheet metrics but significant cash flow concerns. Technical indicators suggest a neutral to bearish outlook, while the valuation is reasonable with a fair P/E ratio and a decent dividend yield. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage enhances financial stability, providing the company with resilience against economic downturns and flexibility for strategic investments.

Improving Return on Equity

Improving return on equity indicates effective management and utilization of capital, which can lead to enhanced shareholder value over the long term.

High Gross Profit Margin

A high gross profit margin suggests efficient cost management and strong pricing power, which can support sustained profitability and competitive advantage.

Negative Factors

Negative Cash Flow

Negative cash flow trends can strain liquidity, limiting the company's ability to invest in growth opportunities and meet financial obligations, potentially impacting long-term viability.

Declining Revenue Growth

Inconsistent and declining revenue growth can hinder the company's ability to scale and compete effectively, posing risks to future profitability and market position.

Low Net Profit Margin

A low and volatile net profit margin indicates operational inefficiencies, which can erode profitability and limit the company's ability to reinvest in business growth.

T&D Holdings Business Overview & Revenue Model

Company Description

T&D Holdings (8795) is a leading Japanese financial services company primarily engaged in the life insurance and asset management sectors. The company operates through its subsidiaries, providing a range of insurance products including individual life insurance, group insurance, and annuities. T&D Holdings is dedicated to enhancing the quality of life for its policyholders and clients through innovative financial solutions and services.

How the Company Makes Money

T&D Holdings generates revenue primarily through the sale of life insurance policies and annuities, where it earns premiums from policyholders. These premiums are invested to generate returns, which contribute to the company's earnings. The company also earns fees from asset management services provided to institutional clients and other investors. Significant partnerships with financial institutions and distribution networks further enhance T&D's reach and sales capabilities, driving additional revenue streams. Additionally, the company benefits from a growing demand for retirement planning products and services, which aligns with demographic trends in Japan.

T&D Holdings Financial Statement Overview

Summary

T&D Holdings shows a mixed financial performance. The balance sheet is strong with low leverage and a healthy equity ratio, but income statement challenges include inconsistent revenue growth and low net profit margins. Cash flow issues are significant, with negative operating and free cash flows indicating potential liquidity risks.

Income Statement

T&D Holdings has shown a mixed performance in its income statement. The company has maintained a high gross profit margin, indicating strong revenue generation relative to cost. However, the net profit margin has been relatively low and volatile, reflecting challenges in controlling expenses or other operational inefficiencies. Revenue growth has been inconsistent, with a notable decline in the most recent year, which could be a concern for future profitability. EBIT and EBITDA margins have improved over time, suggesting some operational improvements.

Balance Sheet

The balance sheet of T&D Holdings is relatively strong, with a low debt-to-equity ratio indicating conservative leverage and financial stability. The return on equity has shown improvement, suggesting better utilization of shareholder funds, although it remains moderate. The equity ratio is healthy, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow performance has been a weak point for T&D Holdings. The company has experienced negative operating and free cash flows in recent years, which could indicate liquidity challenges. The free cash flow to net income ratio is positive, suggesting that the company is generating cash relative to its net income, but the overall negative cash flow trend is concerning. The operating cash flow to net income ratio has been inconsistent, further highlighting cash flow management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.67T	2.34T	2.30T	2.13T	1.70T	2.12T
Gross Profit	3.69T	2.34T	2.30T	2.13T	1.70T	2.12T
EBITDA	173.60B	192.98B	157.54B	-81.06B	44.82B	159.02B
Net Income	129.55B	126.41B	98.78B	-132.15B	14.18B	108.51B
Balance Sheet
Total Assets	16.82T	16.62T	17.21T	16.77T	17.81T	17.88T
Cash, Cash Equivalents and Short-Term Investments	0.00	778.68B	1.14T	1.14T	890.67B	1.02T
Total Debt	127.99B	186.34B	127.99B	126.00B	162.00B	163.00B
Total Liabilities	15.39T	15.31T	15.80T	15.78T	16.42T	16.32T
Stockholders Equity	1.42T	1.30T	1.40T	987.17B	1.38T	1.49T
Cash Flow
Free Cash Flow	0.00	-379.46B	247.25B	-329.92B	-404.87B	489.40B
Operating Cash Flow	0.00	-359.87B	262.75B	-307.63B	-396.88B	500.49B
Investing Cash Flow	0.00	94.27B	-180.25B	665.96B	283.20B	-261.46B
Financing Cash Flow	0.00	-87.34B	-79.23B	-106.58B	-57.75B	-72.13B

T&D Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3449.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3449 is below the 20-day moving average (MA) of 3523.45, above the 50-day MA of 3414.14, and above the 200-day MA of 3329.91, indicating a bullish trend. The MACD of 71.11 indicates Negative momentum. The RSI at 60.52 is Neutral, neither overbought nor oversold. The STOCH value of 78.69 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7181	72 Outperform	¥1.68T	11.39	―	2.44%	-21.38%	58.05%
8750	69 Neutral	$4.80T	11.80	10.61%	3.26%	-8.02%	5.21%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
7157	67 Neutral	¥155.14B	21.38	―	―	20.22%	19.40%
7163	67 Neutral	―	―	―	―	23.73%	12.39%
7326	65 Neutral	¥50.86B	19.44	6.16%	1.10%	13.99%	85.66%
8795	61 Neutral	¥1.88T	14.60	8.83%	2.74%	-1.96%	10.32%

T&D Holdings Corporate Events

T&D Holdings Acquires Treasury Shares to Enhance Value

T&D Holdings, Inc. announced the acquisition of 3,919,900 treasury shares for approximately 12.86 billion yen, executed through open-market repurchase. This move is part of a broader strategy approved by the board to acquire up to 50 million shares, enhancing shareholder value and optimizing capital structure.

T&D Holdings Reports Revenue Growth and Increased Dividends

T&D Holdings reported a 3.6% increase in ordinary revenues and a 5.8% rise in ordinary profit for the six months ended September 30, 2025, compared to the previous year. The company also announced an increase in dividends per share and maintained its financial forecasts for the fiscal year ending March 31, 2026, indicating stable growth and a positive outlook for stakeholders.

T&D Holdings Announces Strategic Treasury Share Acquisition

T&D Holdings, Inc. announced the acquisition of 4,450,900 treasury shares amounting to 15,358,669,771 yen, as part of its strategic plan to repurchase up to 50,000,000 shares by March 31, 2026. This move is aimed at optimizing capital structure and enhancing shareholder value, reflecting the company’s commitment to financial management and market positioning.

T&D Holdings Reports Unrealized Losses on Securities

T&D Holdings, Inc. announced unrealized losses on its securities amounting to 1,372,642 million yen as of September 30, 2025. Despite these losses, the company maintains that there is no direct impact on its financial soundness due to offsetting decreases in the economic value of corresponding insurance liabilities. The company’s financial forecasts and dividend projections for the fiscal year ending March 31, 2026, remain unchanged.

T&D Holdings Invests in Reinsurance Sidecar to Bolster Operations

T&D Holdings has announced an investment in Carlyle FCA Re, L.P., a limited partnership that will facilitate the establishment of a Bermuda-based reinsurance sidecar. This strategic move, involving a capital commitment of up to USD 250 million, positions T&D to enhance its reinsurance capabilities and potentially impact its financial results, although no immediate changes to earnings forecasts are planned.

T&D Holdings Acquires 2.7 Million Treasury Shares

T&D Holdings, Inc. announced the acquisition of 2,741,700 treasury shares, amounting to 10,517,143,700 yen, through open-market repurchase from September 1 to September 30, 2025. This move is part of a broader strategy approved by the board to acquire up to 50 million shares, reflecting a significant investment in the company’s own stock, potentially impacting shareholder value and market perception.