T&D Holdings Inc (JP:8795)
:8795
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T&D Holdings
(8795)
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Rating:66Neutral
Price Target:
¥5,192.00
▲(23.21% 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 durable solvency and regulatory headroom for a life insurer. This structural strength supports reserve funding, absorbs underwriting or investment shocks, and preserves capacity for dividends or strategic capital deployment over coming quarters.
Negative Factors
Volatile cash generation
Repeated periods of deeply negative operating and free cash flow indicate weak cash conversion reliability. For an insurer, this undermines reserve management and capital planning, raising the risk of forced asset sales, constrained dividends or external funding needs during stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base provide durable solvency and regulatory headroom for a life insurer. This structural strength supports reserve funding, absorbs underwriting or investment shocks, and preserves capacity for dividends or strategic capital deployment over coming quarters.
Read all positive factors
T&D Holdings (8795) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.26T
Dividend Yield2.74%
Average Volume (3M)2.03M
Price to Earnings (P/E)16.8
Beta (1Y)1.14
Revenue Growth6.17%
EPS Growth16.15%
CountryJP
Employees20,408
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)281.27
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
¥4,880.00Price Target Upside15.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)343.14
Revenue Forecast (FY)¥3.15T
T&D Holdings Business Overview & Revenue Model
Company Description
T&D Holdings, Inc., through its subsidiaries, primarily offers a wide range of life insurance products and associated services within Japan. For individual customers, the company provides extensive coverage, including death benefit, medical, and n...
How the Company Makes Money
T&D Holdings makes money primarily through its life insurance subsidiaries by collecting premiums from policyholders and earning investment income on the assets backing insurance liabilities.
Key revenue/earnings drivers typically include:
- Prem...
T&D Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.86T | 2.89T | 2.80T | 2.51T | 2.18T |
| Gross Profit | 1.56T | 2.07T | 1.98T | 1.59T | 1.33T |
| EBITDA | 221.82B | 192.98B | 157.54B | -81.06B | 44.82B |
| Net Income | 138.97B | 126.41B | 98.78B | -132.15B | 14.18B |
Balance Sheet | |||||
| Total Assets | 17.32T | 16.62T | 17.21T | 16.77T | 17.81T |
| Cash, Cash Equivalents and Short-Term Investments | 1.92T | 778.68B | 1.14T | 1.14T | 890.67B |
| Total Debt | 231.98B | 186.34B | 21.52B | 184.82B | 231.28B |
| Total Liabilities | 15.70T | 15.31T | 15.80T | 15.78T | 16.42T |
| Stockholders Equity | 1.61T | 1.30T | 1.40T | 987.17B | 1.38T |
Cash Flow | |||||
| Free Cash Flow | 136.80B | -379.46B | 247.25B | -329.92B | -404.87B |
| Operating Cash Flow | 150.22B | -359.87B | 262.75B | -307.63B | -396.88B |
| Investing Cash Flow | -245.29B | 94.27B | -180.25B | 665.96B | 283.20B |
| Financing Cash Flow | -13.57B | -87.34B | -79.23B | -106.58B | -57.75B |
T&D Holdings Technical Analysis
Positive
4214.00
Price Trends
4091.42
Positive
3969.84
Positive
3740.86
Positive
Market Momentum
192.56
Negative
76.34
Negative
71.05
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 below the 20-day moving average (MA) of 4313.20, above the 50-day MA of 4091.42, and above the 200-day MA of 3740.86, indicating a bullish trend. The MACD of 192.56 indicates Negative momentum. The RSI at 76.34 is Negative, neither overbought nor oversold. The STOCH value of 71.05 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 | ¥6.44T | 14.62 | 10.61% | 3.26% | 10.30% | 3.49% | |
74 Outperform | ¥54.03B | 8.21 | 6.16% | 1.10% | 4.70% | 44.87% | |
72 Outperform | ¥1.87T | 4.48 | 20.02% | 2.63% | 31.37% | 148.24% | |
71 Outperform | ¥131.20B | 16.31 | ― | ― | 14.78% | 34.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥2.26T | 16.81 | 7.91% | 2.74% | 6.17% | 16.15% | |
46 Neutral | ¥1.70T | 9.99 | ― | 2.44% | -12.57% | 42.29% |
* Financial Sector Average
JP:8795
T&D Holdings
4,802.00
1,661.60
52.91%
JP:8750
Dai-ichi Life Holdings
1,776.00
740.08
71.44%
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2,949.00
729.93
32.89%
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JAPAN POST INSURANCE Co., Ltd.
1,564.50
499.37
46.88%
T&D Holdings Corporate Events
T&D Holdings Launches ¥30 Billion Share Buyback to Boost Capital Efficiency
Jun 4, 2026
TD Holdings has authorized a new share repurchase program to acquire up to 12 million shares of its common stock, representing about 2.5% of shares outstanding, for a total cost of up to 30 billion yen. The buyback will run from June 8 to Septembe...
T&D Holdings to Cede Control of Life Insurance Unit to PayPay and OneIM
Jun 4, 2026
TD Holdings will sell a majority stake in its consolidated subsidiary TD Financial Life Insurance to PayPay Corporation and OneIM Indigo Holdings, cutting its own ownership from 100% to 14.9% while PayPay will hold 70.2% and OneIM Indigo 14.9%. Th...
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...
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.