# Sompo Holdings, Inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, IFRS
> Unit: JPY millions
> Sources: 有価証券報告書－第16期(2025/04/01－2026/03/31) (S100YC6Z)
> Page: https://vizora.meequs.com/en/company/sompo-holdings
> Retrieved: 2026-09-30T21:04:17.641Z

## Company

Sompo Holdings, founded in 2009, is a company in Non-life Insurance listed on TSE Prime. It has 55,702 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sompo Holdings, Inc. |
| Ticker | 8630 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8630.T) |
| Listing | TSE Prime |
| Head office | 東京都新宿区西新宿一丁目26番1号 |
| Representative (per filing) | グループCEO 取締役 代表執行役社長 奥村幹夫 |
| Founded | Oct 2009 |
| Share capital | ¥100B |
| Employees (consolidated) | 55,702 |
| Average salary (parent only) | ¥12.6M |
| Fiscal year end | March |
| Website | www.sompo-hd.com (https://www.sompo-hd.com/) |
| Corporate number | 9011101055980 |
| EDINET | E23924 |
| Industries (Vizora) | Non-life Insurance, Life Insurance, Nursing Care |

> Profile source: annual securities report (S100YC6Z, filed 2026-06-17). As of filing

## Key points (generated from figures)

- About 48% of Sompo Holdings's sales come from Domestic P And C insurance business, with Overseas insurance business and Domestic life insurance business making up much of the rest.
- Revenue changed +6.1% from the prior year.

## Company structure

- Segment revenue mix: Domestic P And C insurance business 47.9%、Overseas insurance business 43.4%、Domestic life insurance business 4.6%、Nursing care business 3.3%、Other 0.7%
- Revenue → net income: ¥5372921000000 → ¥642955000000
- Net income → operating cash flow: ¥642955000000 → ¥706419000000（difference ¥63464000000）
- Main uses of operating cash flow: CapEx ¥59966000000 / dividends ¥140017000000 / buybacks ¥229290000000
- Change in cash: ¥107368000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥5.37T |  |
| Operating income | — | Margin — |
| Net income | ¥640.1B | Margin 11.9% |
| Free cash flow | ¥646.5B |  |
| Largest business | Domestic P And C insurance business | of segment revenue 47.9% |
| Employees (consolidated) | 55,702 |  |
| EPS | ¥701.03 |  |
| Diluted EPS | ¥701.03 |  |
| Book value per share | ¥1556.48 |  |
| Equity ratio | 27.8% | Derived from disclosed figures |
| Shares outstanding | 934,228,000 |  |
| Treasury shares | 40,403,600 |  |
| Shareholders | 55,484 |  |
| Average salary (parent only) | ¥12.6M | Filing company only |
| Cash ratio | 6.1% | Cash ÷ revenue 21.1% |
| ROE | 13.7% | Derived from disclosed figures |
| ROA | 3.7% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.6× dividends

## What changed in 5 years

Accounting standard changed in FY2023; percentage changes are omitted.

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3846323000000 | ¥5372921000000 | — |
| Employees | 48,115 people | 55,702 people | — |
| Cash and equivalents | ¥1117770000000 | ¥1134996000000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 国内損害保険事業 → 事業再編・廃止 | 61.7% |
| 海外保険事業 → 事業再編・廃止 | 20.6% |
| 国内生命保険事業 → 事業再編・廃止 | 9.6% |
| 介護・ヘルスケア事業 → 事業再編・廃止 | 3.9% |
| 介護・シニア事業 → 事業再編・廃止 | 3.9% |
| その他 → その他 | 0.3% |
| 新設・再編 → 国内損害保険事業 | 47.9% |
| 新設・再編 → 海外保険事業 | 43.4% |
| 新設・再編 → 国内生命保険事業 | 4.6% |
| 新設・再編 → 介護事業 | 3.3% |
| 新設・再編 → その他 | 0.4% |

Segment revenue source references: 11 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Domestic P And C insurance business | 2 years | +2.8% | ¥2685496000000 | 10.0% | 2 |
| Overseas insurance business | 2 years | +9.0% | ¥2428717000000 | 12.1% | 2 |
| Domestic life insurance business | 2 years | +2.0% | ¥258707000000 | 26.5% | 2 |
| Nursing care business | 2 years | +2.9% | ¥186207000000 | 4.3% | 2 |
| Other | — | — | ¥41989000000 | 3.1% | 2 |

## Income statement（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,372,921 | 100.0% | S100YC6Z |
| Pretax income | 843,226 | 15.7% | S100YC6Z |
| Income tax | 200,270 | 3.7% | S100YC6Z |
| Net income | 642,955 | 12.0% | S100YC6Z |
| Net income attributable to owners | 640,086 | 11.9% | S100YC6Z |

Operating income is not available as a machine-readable numeric value for this company. See the income statement table in its filing.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 5,065,520 | 5,372,921 | 307,401 | +6.1% |
| Net income attributable to owners | 243,132 | 640,086 | 396,954 | +163.3% |
| Operating cash flow | 573,009 | 706,419 | 133,410 | +23.3% |
| Free cash flow | 515,227 | 646,453 | 131,226 | +25.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 3,419,530 | — | — | 166,402 | 362,920 | — | S100LQU4 |
| FY ending Mar 2018 | 3,770,052 | — | — | 139,817 | 246,433 | — | S100OB0Z |
| FY ending Mar 2019 | 3,643,040 | — | — | 146,626 | 78,772 | — | S100T98T |
| FY ending Mar 2020 | 3,760,366 | — | — | 122,515 | 356,446 | 329,403 | S100LQU4 |
| FY ending Mar 2021 | 3,846,323 | — | — | 142,482 | 626,202 | 601,660 | S100OB0Z |
| FY ending Mar 2022 | 4,167,496 | — | — | 224,842 | 600,021 | 578,524 | S100T98T |
| FY ending Mar 2023 | 4,525,869 | — | — | 26,413 | 380,999 | 356,857 | S100UKO0 |
| FY ending Mar 2024 | 4,836,830 | — | — | 529,655 | 634,292 | 542,094 | S100YC6Z |
| FY ending Mar 2025 | 5,065,520 | — | — | 243,132 | 573,009 | 515,227 | S100YC6Z |
| FY ending Mar 2026 | 5,372,921 | — | — | 640,086 | 706,419 | 646,453 | S100YC6Z |

## People and productivity（FY ending Mar 2026, consolidated, IFRS）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥96.5M |
| Net income per employee (consolidated) | ¥11.5M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 47,776 | 49,057 | 48,421 | 54,106 | 55,702 |
| Average salary (parent company) | ¥11.3M | ¥12.3M | ¥14.6M | ¥12.2M | ¥12.6M |
| Average age (parent company) | 43.4 years | 43.7 years | 43.5 years | 43.8 years | 43.3 years |
| Average tenure (parent company) | 15.2 years | 14.9 years | 13.8 years | 13.5 years | 12.5 years |

Year over year: Employees (consolidated) +2.9% · Revenue (consolidated) +6.1%

## Segments（FY ending Mar 2026, consolidated, IFRS、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic P And C insurance business | 2,685,496 | 47.9% | 268,112 | 10.0% |
| Overseas insurance business | 2,428,717 | 43.4% | 294,489 | 12.1% |
| Domestic life insurance business | 258,707 | 4.6% | 68,605 | 26.5% |
| Nursing care business | 186,207 | 3.3% | 7,951 | 4.3% |
| Other | 41,989 | 0.7% | 1,319 | 3.1% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic P And C insurance business | 47.9% | 41.9% | -6.1 | 10.0% |
| Overseas insurance business | 43.4% | 46.0% | 2.6 | 12.1% |
| Domestic life insurance business | 4.6% | 10.7% | 6.1 | 26.5% |
| Nursing care business | 3.3% | 1.2% | -2.1 | 4.3% |
| Other | 0.7% | 0.2% | -0.5 | 3.1% |

Segment → industry: Overseas insurance business → Non-life Insurance / Domestic P And C insurance business → Non-life Insurance / Domestic life insurance business → Life Insurance / Nursing care business → Nursing Care

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 706,419 | 13.1% | S100YC6Z |
| Capital expenditure | 59,966 | 1.1% | S100YC6Z |
| Free cash flow | 646,453 | 12.0% | 算出 |
| Investing cash flow | -232,914 | -4.3% | S100YC6Z |
| Financing cash flow | -412,697 | -7.7% | S100YC6Z |
| Dividends paid | 140,017 | 2.6% | S100YC6Z |
| Share buyback | 229,290 | 4.3% | S100YC6Z |
| Change in cash | 107,368 | 2.0% | S100YC6Z |
| Cash and equivalents | 1,134,996 | 21.1% | S100YC6Z |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: |
| Cash and equivalents | 1,027,628 | 1,134,996 | S100YC6Z |
| Total assets | 15,890,039 | 18,603,704 | S100YC6Z |
| Net assets | 4,226,153 | 5,291,009 | S100YC6Z |
| Share capital | 100,045 | 100,045 | S100YC6Z |
| Property, plant and equipment | 619,769 | 646,548 | S100YC6Z |
| Goodwill | 189,925 | 229,061 | S100YC6Z |
| Total liabilities | 11,663,885 | 13,312,694 | S100YC6Z |
| Equity attributable to owners of parent | 4,205,192 | 5,167,823 | S100YC6Z |
| Retained earnings | 3,521,076 | 4,344,319 | S100YC6Z |
| Treasury stock | -188,418 | -197,905 | S100YC6Z |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100YC6Z |
| Property, plant and equipment | 4% | S100YC6Z |
| Intangibles and goodwill | 1% | — |
| Other assets | 89% | S100YC6Z |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 72% | S100YC6Z |
| Equity | 28% | S100YC6Z |
| Other liabilities | 0% | S100YC6Z |

### Balance sheet history

| Metric | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: |
| Total assets | 15,890,039 | 18,603,704 |
| Equity | 4,226,153 | 5,291,009 |
| Interest-bearing debt | — | — |
| Cash | 1,027,628 | 1,134,996 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 12.0% | S100YC6Z |
| Fixed assets ÷ total assets | 3.5% | S100YC6Z |
| Goodwill ÷ parent equity | 4.4% | S100YC6Z |

Goodwill over 4 years: 151,012 → 229,061 JPY; total investing cash flow: -1,750,520 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 6.1% |
| Cash ÷ revenue | 21.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 66,333 JPY mn (of net income 10.4%) |
| Shareholder returns / net income | 57.7% |
| Shareholder returns / FCF | 57.1% |
| Shareholder payments — dividends / net income | 21.9% |
| Shareholder payments — dividends / FCF | 21.7% |
| CapEx intensity (capex ÷ revenue) | 1.1% |
| Investing CF relative to operating CF | 33.0% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | — | —× | — | —× | — | S100T98T |
| 2023 | — | —× | — | —× | — | S100UKO0, S100X3BP |
| 2024 | — | —× | — | —× | — | S100X3BP, S100YC6Z |
| 2025 | 4.8% | 0.31× | 1.5% | 3.89× | 5.8% | S100YC6Z |
| 2026 | 11.9% | 0.31× | 3.7% | 3.68× | 13.7% | S100YC6Z |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 16.3% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 5.8% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.4% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 2.8% | 2026-03-31 |
| ＳＯＭＰＯホールディングス従業員持株会 | Major shareholder | 2.3% | 2026-03-31 |
| JP MORGAN CHASE BANK 380055（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.8% | 2026-03-31 |
| THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.7% | 2026-03-31 |
| THE BANK OF NEW YORK MELLON 140042(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.5% | 2026-03-31 |
| GOVERNMENT OF NORWAY（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.4% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.4% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue (insurance revenue) for the FY ending Mar 2026 was ¥5.37T, up +6.1% from ¥5.07T.
- Net income attributable to owners rose sharply, from ¥243.1B to ¥640.1B (+163.3%).
- Cash generation also improved: operating cash flow reached ¥706.4B (+23.3%) and free cash flow ¥646.5B (+25.5%).

### Drivers

- In domestic P&C, repricing of auto and fire insurance and stronger sales of other commercial lines lifted insurance revenue, while fewer natural disasters and higher investment gains added to profit.
- Overseas, revenue grew mainly at Sompo International Holdings Ltd., and profit benefited from fewer natural disasters and more interest and dividend income on a larger investment portfolio.
- In domestic life insurance, the weaker yen and higher interest rates improved investment results.

### Risks

- Climate change could bring larger or more frequent storm and flood losses than expected, hurting underwriting results.
- Sompo Japan is working through a business improvement plan ordered by regulators, and oversight of agents and other contractors and compliance remain key risks.
- Cyberattacks that halt systems or leak data are rated as both likely and high-impact.

Cited: Annual Securities Report, 16th fiscal period (2025/04/01–2026/03/31) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual Securities Report, 16th fiscal period (2025/04/01–2026/03/31) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第16期(2025/04/01－2026/03/31) | S100YC6Z | 2026-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YC6Z,, |
| 訂正有価証券報告書－第15期(2024/04/01－2025/03/31) | S100X3BP | 2025-11-14 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X3BP,, |
| 訂正有価証券報告書－第14期(2023/04/01－2024/03/31) | S100UKO0 | 2024-10-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UKO0,, |
| 訂正有価証券報告書－第13期(2022/04/01－2023/03/31) | S100T98T | 2024-04-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T98T,, |
| 有価証券報告書－第12期(令和3年4月1日－令和4年3月31日) | S100OB0Z | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OB0Z,, |
| 有価証券報告書－第11期(令和2年4月1日－令和3年3月31日) | S100LQU4 | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQU4,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).