Taiyo Life Unaudited Non-Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025 | As of March 31, 2026 | |
Assets: | ||
Cash and deposits | 232,123 | 112,635 |
Cash | 29 | 26 |
Deposit | 232,094 | 112,609 |
Call loans | - | 84,000 |
Monetary claims purchased | 100,261 | 101,743 |
Securities | 5,164,367 | 5,300,056 |
Government bonds | 1,773,993 | 1,907,872 |
Municipal bonds | 197,986 | 159,656 |
Corporate bonds | 949,283 | 926,158 |
Domestic stocks | 450,101 | 482,288 |
Foreign securities | 1,662,223 | 1,680,296 |
Other securities | 130,778 | 143,783 |
Loans | 890,302 | 708,204 |
Policy loans | 21,312 | 19,299 |
Commercial loans | 868,990 | 688,904 |
Tangible fixed assets | 217,127 | 213,844 |
Land | 127,635 | 127,019 |
Buildings | 85,399 | 83,564 |
Lease assets | 3,636 | 2,751 |
Construction in progress | - | 62 |
Other tangible fixed assets | 456 | 445 |
Intangible fixed assets | 13,445 | 14,753 |
Software | 12,524 | 14,026 |
Lease assets | 485 | 294 |
Other intangible fixed assets | 435 | 431 |
Reinsurance receivable | 18,081 | 163,988 |
Other assets | 45,757 | 38,660 |
Accounts receivable | 4,438 | 4,838 |
Prepaid expenses | 4,441 | 3,921 |
Accrued income | 18,390 | 16,889 |
Deposit for rent | 1,213 | 1,284 |
Derivatives | 14,532 | 5,865 |
Cash collateral paid for financial instruments | 1,298 | 4,542 |
Suspense payments | 609 | 466 |
Other assets | 833 | 853 |
Prepaid pension cost | 10,062 | 17,357 |
Deferred tax assets | 2,563 | - |
Reserve for possible loan losses | (1,489) | (1,130) |
Total assets | 6,692,604 | 6,754,113 |
(Millions of yen)
As of March 31, 2025 | As of March 31, 2026 | |
Liabilities: | ||
Policy reserves | 5,199,904 | 5,251,508 |
Reserve for outstanding claims | 24,666 | 26,681 |
Policy reserve | 5,151,690 | 5,200,978 |
Reserve for policyholder dividends | 23,546 | 23,848 |
Reinsurance payable | 97 | 54 |
Other liabilities | 954,135 | 843,227 |
Payables under securities lending transactions | 849,918 | 731,104 |
Borrowings | 50,000 | 50,000 |
Income taxes payable | 11,014 | 9,805 |
Accounts payable | 2,001 | 1,695 |
Accrued expenses | 14,138 | 14,466 |
Unearned income | 778 | 792 |
Deposit received | 643 | 657 |
Guarantee deposits | 8,480 | 8,647 |
Derivatives | 5,650 | 21,725 |
Cash collateral received for financial instruments | 6,006 | 201 |
Lease obligations | 4,699 | 3,544 |
Suspense receipts | 802 | 585 |
Other liabilities | 3 | 3 |
Provision for bonuses to directors and audit & supervisory board members | 124 | 145 |
Provision for employees' retirement benefits | 19,748 | 17,168 |
Reserve for price fluctuations | 140,669 | 143,293 |
Deferred tax liabilities | - | 35,392 |
Deferred tax liabilities on revaluation reserve for land | 4,470 | 4,406 |
Total liabilities | 6,319,150 | 6,295,197 |
Net assets: | ||
Capital stock | 62,500 | 62,500 |
Capital surplus | 62,500 | 57,500 |
Capital reserve | - | 1,000 |
Other capital surplus | 62,500 | 56,500 |
Retained earnings | 71,963 | 71,492 |
Legal retained earnings | 5,827 | 16,396 |
Other retained earnings | 66,136 | 55,096 |
Provision for advanced depreciation on real estate | 380 | 365 |
Unappropriated retained earnings | 65,755 | 54,730 |
Total shareholders' equity | 196,963 | 191,492 |
Valuation difference on available-for-sale securities | 184,657 | 275,548 |
Deferred gains (losses) on hedging instruments | (2,042) | (1,891) |
Revaluation reserve for land | (6,124) | (6,232) |
Total valuation and translation adjustments | 176,489 | 267,424 |
Total net assets | 373,453 | 458,916 |
Total liabilities and net assets | 6,692,604 | 6,754,113 |
Taiyo Life Unaudited Non-Consolidated Statement of Operation
(Millions of yen)
Year ended March 31, 2025 | Year ended March 31, 2026 | |
Ordinary revenues | 1,716,301 | 1,279,966 |
Income from insurance premiums | 805,591 | 983,087 |
Insurance premiums | 725,062 | 649,130 |
Ceded reinsurance recoveries | 80,528 | 333,956 |
Investment income | 209,177 | 274,332 |
Interest, dividends and income from real estate for rent | 148,611 | 163,313 |
Interest income from deposits | 2 | 47 |
Interest income and dividends from securities | 124,712 | 140,995 |
Interest income from loans | 9,853 | 9,661 |
Interest from real estate for rent | 10,100 | 10,520 |
Other income from interest and dividends | 3,941 | 2,089 |
Gains on sales of securities | 59,516 | 102,237 |
Foreign exchange gains, net | 981 | 8,333 |
Reversal of reserve for possible loan losses | 31 | 359 |
Other investment income | 35 | 52 |
Gains on separate accounts, net | 1 | 36 |
Other ordinary revenues | 701,532 | 22,547 |
Income related to withheld insurance claims and other payments for future annuity payments | 104 | 144 |
Income due to withheld insurance payments | 11,724 | 10,645 |
Reversal of policy reserves | 687,842 | - |
Reversal of provision for employees' retirement benefits | - | 9,919 |
Other ordinary revenues | 1,860 | 1,837 |
Ordinary expenses | 1,636,814 | 1,163,378 |
Insurance claims and other payments | 1,435,236 | 873,554 |
Insurance claims | 75,479 | 76,022 |
Annuity payments | 264,267 | 264,637 |
Insurance benefits | 90,422 | 90,983 |
Surrender payments | 248,656 | 345,579 |
Other payments | 97,465 | 96,036 |
Reinsurance premiums | 658,945 | 294 |
Provision for policy reserves | 1,120 | 51,303 |
Provision for reserve for outstanding claims | 1,119 | 2,014 |
Provision for policy reserve | - | 49,287 |
Interest portion of reserve for policyholder dividends | 1 | 0 |
Investment expenses | 74,737 | 109,697 |
Interest expenses | 1,722 | 5,220 |
Losses on sales of securities | 31,035 | 72,760 |
Devaluation losses on securities | 473 | 89 |
Losses from derivatives, net | 33,256 | 21,045 |
Depreciation of real estate for rent | 3,591 | 3,620 |
Other investment expenses | 4,657 | 6,960 |
Operating expenses | 96,975 | 97,743 |
Other ordinary expenses | 28,744 | 31,080 |
Payments related to withheld insurance claims | 10,899 | 13,255 |
Taxes | 9,118 | 8,972 |
Depreciation | 5,894 | 6,403 |
Provision for reserve for employees' retirement benefits | 534 | - |
Other ordinary expenses | 2,297 | 2,448 |
Ordinary profit (loss) | 79,486 | 116,588 |
(Millions of yen)
Year ended March 31, 2025 | Year ended March 31, 2026 | |
Extraordinary gains | 3,426 | 963 |
Gains on disposal of fixed assets | 2,937 | 963 |
Gain on sale of affiliated company shares | 488 | - |
Extraordinary losses | 4,389 | 29,691 |
Losses on disposal of fixed assets | 1,036 | 25,004 |
Impairment loss | 459 | 405 |
Provision for reserve for price fluctuations | 2,893 | 2,623 |
Loss on sales of shares of subsidiaries and associates | - | 1,656 |
Provision for reserve for policyholder dividends | 14,396 | 14,612 |
Income before income taxes | 64,126 | 73,248 |
Current income taxes | 17,742 | 19,897 |
Deferred income taxes | (5,474) | 1,088 |
Total income taxes | 12,267 | 20,986 |
Profit (loss) | 51,859 | 52,262 |