Daiichi Life Group (8750) Briefing takeaways: Targets profit at ¥700 billion with strategic investment of ¥1.5 trillion

研报英文原文证据摘录

Daiichi Life Group (8750) Briefing takeaways: Targets profit at ¥700 billion with strategic investment of ¥1.5 trillion

J P M O R G A N Asia Pacific Equity Research

27 May 2026

Daiichi Life Group (8750) Neutral

8750.T, 8750 JP

Briefing takeaways: Targets profit at ¥700 billion Price (27 May 26):¥1,664

with strategic investment of ¥1.5 trillion Price Target (Dec-26):¥1,480

We outline key takeaways from Daiichi Life Group’s business briefing on May 27. Japan Equity Research

We think one noteworthy message from management was about strategic

Insurance, Securities, Diversified

investment to accelerate growth in the next medium-term business plan (MTP). Financials

Specifically, Daiichi Life plans to invest ¥1.5 trillion mainly in the insurance AC Koki Sato

markets of developed countries, where it expects immediate profit contributions,

(81-3) 6736-8609

and aims to increase profit by around ¥100 billion through this investment. This koki.sato@jpmorgan.com

scale of investment is equal to the company’s total investment from the start of Yuka Azami

overseas expansion in 2007 to FY2025, indicating management’s aggressive (81-3) 6736-8619

stance on growth investment. yuka.azami@jpmorgan.com

JPMorgan Securities Japan Co., Ltd.

• FY2030 vision: Daiichi Life Group’s group adjusted profit target for FY2030

is unchanged from the ¥700 billion level presented in November 2025, but it

raised the adjusted ROE target slightly from 14% or higher to 15% or higher

and said visibility for achieving the target has increased further. Daiichi Life

said specifically that (1) this profit target is about ¥100 billion from a level that

can be reached via organic growth; (2) it expects this ¥100 billion to come from

profit growth resulting from ¥1.5 trillion in investment; and (3) it plans to offset