February 13, 2026
Sony Financial Group Inc. President and CEO: Toshihide Endo Security Code: 8729, TSE Prime Market
Notice Regarding Revision of Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2026
Sony Financial Group Inc. ("SFGI") hereby announces that, at the meeting of its Board of Directors held today, SFGI resolved to revise the Sony Financial Group's ("Sony FG") full-year consolidated earnings forecast for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026), previously announced on November 14, 2025, as described below.
Revision to the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2026 (Based on Japanese GAAP)
(1) Details of the Revision
(Millions of yen)
Ordinary profit
Profit attributable to owners of the parent
Basic earnings per share
Previously announced forecast (A)
122,000
82,000
11.47 yen
Revised forecast (B)
79,000
50,000
7.09 yen
Amount of change (B - A)
(43,000)
(32,000)
-
Rate of change (%)
(35.2)
(39.0)
-
(Reference)
Results for the previous fiscal year (Fiscal year ended March 31, 2025)
44,889
78,791
11.02 yen
Notes: 1. The "Previously announced forecast" of basic earnings per share was calculated based on the total number of issued shares and the number of treasury shares as of the end of September 2025, as presented in the "Consolidated Financial Summary for the Six Months Ended September 30, 2025 (Under Japanese GAAP)", which was released on November 14, 2025.
The "Revised forecast" of basic earnings per share was calculated based on the total number of issued shares and the number of treasury shares as of the end of December 2025.
On August 8, 2025, a stock split was conducted at a ratio of 7,149,358,214 shares for 435,100,266 shares of common stock. The above earnings per share have been calculated assuming that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.
(2) Reason for the Revision
Ordinary profit and profit attributable to owners of the parent are expected to fall below the previously announced forecast, mainly due to an anticipated increase in losses on sales of securities resulting from additional sale of bonds for the purpose of rebalancing based on the ALM (asset-liability management) approach, conducted by Sony Life Insurance Co., Ltd. ("Sony Life").
2. Revision to the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2026
(In accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards"))
SFGI discloses its consolidated financial results in accordance with IFRS Accounting Standards with the aim of enhancing the international comparability of financial information in the capital markets and presenting management indicators that are suitable for long-term management, which SFGI considers important.
Details of the Revision
(Millions of yen)
Operating revenues
Income before income taxes
Profit (loss) attributable to owners of the parent
Adjusted net income
Previously announced forecast (A)
1,000,000
60,000
41,000
98,000
Revised forecast (B)
1,000,000
1,000
(500)
94,000
Amount of change (B - A)
-
(59,000)
(41,500)
(4,000)
Rate of change (%)
-
(98.3)
-
(4.1)
(Reference)
Results for the previous fiscal year (Fiscal year ended March 31, 2025)
925,311
130,526
74,172
61,337
Note: The adjusted net income above represents the figure derived by deducting the following adjustments from the Sony FG's net income for the period prepared in accordance with IFRS Accounting Standards. The adjusted net income excludes the impact of temporary gains and losses. SFGI considers this metric to represent businesses' sustainable earning power and to facilitate assessment, from a management-level perspective, of long-term business expansion through the cycle of investments and returns across the entire group. While the adjusted net income is not presented in accordance with IFRS Accounting Standards, SFGI believes that these disclosures provide useful information to investors.
(Sony Life)
Investment income (net) related to variable insurance*1 and foreign currency translation differences (excluding the equivalent of hedge costs*2
Unrealized gains (losses) related to variable insurance within insurance financial gains (losses)*3 and foreign currency translation differences
Gains (losses) on sales of securities
Other one-time gains (losses)
(SFGI, Sony Assurance, Sony Bank, Other entities)
One-time gains (losses)
(*1) Investment income (net) related to variable insurance is financial assets measured at fair value through net profits (losses), associated with variable life insurance and individual variable annuity contracts
(*2) Transaction fees and margin costs required to maintain hedge positions. Includes current accrued interest from bonds designated as measured at fair value through net profits (losses) (fair value option (FVO) designated) based on the interest rate at the beginning of the period
(*3) Effect of changes in the value of underlying items of variable life insurance and individual variable annuity contracts and changes in interest rates and other financial risks
Reason for the Revision
Income before income taxes and profit (loss) attributable to owners of the parent are expected to fall below the previously announced forecast mainly due to an anticipated increase in losses on sale of securities resulting from additional sale of bonds for the purpose of rebalancing based on the ALM approach at Sony Life. The forecast also reflects the consolidated results for the nine months ended December 31, 2025.
Adjusted net income is expected to fall below the previously announced forecast due to a revision of assumptions related to the measurement of insurance liabilities based on IFRS Accounting Standards at Sony Life.
(Note)
The above forecasts are based on judgments made using the information available to SFGI as of the date of this release. Actual results may differ from the figures forecasted herein due to various factors.
End