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Holding company for three Japanese life insurers (Taiyo Life, Daido Life, T&D Financial Life) plus asset management.
Holding company for three Japanese life insurers (Taiyo Life, Daido Life, T&D Financial Life) plus asset management.
Earns premiums and the returns on investing them, with the three insurers selling to different groups so the holding company spans both retail and company-owner customers. T&D was formed in 2004 as the holding company for Taiyo Life and Daido Life, and later added a third insurer.
In one line: A mid-sized US life-insurance holding company equivalent.
Moat: narrow (distribution, brand). Daido Life has a strong niche distribution channel through tax accountants selling to SME owners.
Headquarters: Tokyo, Japan · Founded: 2004 · Employees: 13,549
Size T&d (8795.T) is a Japan Financials company (Life/Health Insurance) with a market value of $14.0B, the 103rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,602 on 6 Nov 2026.
Performance Over six months the shares gained 21.4%, against +14.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +11.2%); the operating margin is 7.7% (peer median 10.0%).
Valuation It trades at 1.32× book value against a peer median of 2.41× (6th cheapest of 20).
Price implies The share price implies a return on equity of about 5.6%; T&d delivers 9.3%, so the price asks less than the business earns today.
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥3.12T | ¥3.15T | ¥2.90T | ¥2.80T | ¥2.51T |
| Revenue growth | — | +9% | +4% | +11% | — |
| Net income | ¥144B | ¥139B | ¥126B | ¥98.8B | -¥132B |
| Free cash flow | n/a | ¥137B | -¥379B | ¥247B | -¥330B |
| Capital expenditure | n/a | ¥13.4B | ¥19.6B | ¥15.5B | ¥22.3B |
| Total debt | ¥232B | ¥332B | ¥186B | ¥183B | ¥185B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| T&d 8795.T | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% |
| Daiichi Life 8750.T | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% |
| JAPAN POST INSURANCE 7181.T | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% |
| Sony Financial 8729.T | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8795.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | +3.4% | 3rd lowest of 21 |
| 6-month return | +21.4% | +14.2% | 8th highest of 21 |
| Return on equity | 9.3% | 13.3% | 6th lowest of 21 |
| Price / book | 1.32× | 2.41× | 6th cheapest of 20 |
| Trailing P/E | 15.6× | 12.9× | 9th most expensive of 20 |
| ROE the price implies | 5.6% | 16.5% | 3rd least demanding of 19 |
| ROE delivered | 9.3% | 13.3% | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |