Sony Financial Group Inc SFGYY

FinancialsInsuranceJapan

Last close 4.46 USD on Nov 1, 2026, −12.5% year to date

Quant rating

Quant rating C Rank 138 of 304 in Financials

Growth D 230 of 304
Valuation A 16 of 304
Quality D 263 of 304
Revisions A 2 of 304
Momentum D 218 of 304

Wall Street consensus Hold (2.80)Average target 1.10 USD −75.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.1B
Enterprise value: 36.9B
52-week range: 4.05 – 5.69
3-year range: 4.05 – 5.69
Dividend yield: 2.66%
Beta (5 years): –
Shares outstanding: 6,770M
Next earnings: Nov 12, 2026

About the company

Sony Financial Group Inc is a Japan-based financial holding company mainly engaged in the life insurance business. The Company operates through three segments. The Life Insurance Business segment operates the life insurance business. The life insurance business provides custom-made life insurance based on detailed consulting by life planners (sales representatives) and partners (sales agents). The Non-Life Insurance Business segment operates a non-life insurance business. The Non-Life Insurance Business segment provides automobile insurance, fire insurance, medical insurance, and other products via the internet and telephone. The Banking Business segment operates banking business, and others. The banking business provides deposits (yen and foreign currencies), home loans, investment trusts, foreign exchange margin trading, other services via the internet. Other businesses include nursing care services and venture capital operations.

Growth and profitability

Growth and profitability by fiscal year
	–	–	–	–	–	5Y avg
Revenue (mil)	14,180	14,469	13,176	12,887	12,849	–
Revenue growth	−2.0%	9.8%	2.2%	0.3%	−1.4%	1.7%
EPS (basic, normalized)	0.05	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	–	–	–	–	–	–
Net margin	2.1%	3.1%	1.3%	5.6%	1.9%	2.8%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	2,336
Net debt (mil)	–
Total equity (mil)	3,965
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
– actual	14,180	−2.0%	2.6x	–	–	–	0.05	–	88.7x
–	6,605	−53.4%	5.6x	0.83	–	5.4x	0.02	−51.7%	183.8x
–	6,673	+1.0%	5.5x	0.84	+0.9%	5.3x	0.07	+202.6%	60.8x
–	6,864	+2.9%	5.4x	0.87	+3.8%	5.1x	0.11	+56.1%	38.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
FY1	6,605	0.0%	−3.5%	−19.4%	0.02	+31.9%	+445.3%	−69.6%
FY2	6,673	0.0%	−7.4%	−25.9%	0.07	+2.6%	+25.0%	−32.6%
FY3	6,864	0.0%	−9.4%	–	0.11	−7.3%	+6.0%	−1.4%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	–	–	–	–	–	–	–	–	268,033
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	11.96	−1.56	1.37
EPS mean	–	–	–	–	–	–	–	3.20	3.33	−0.29
Surprise	–	–	–	–	–	–	–	+274.1%	−146.9%	−570.8%

Peer comparison Insurance

Peers in the same industry group, by market capitalization
Company	Market cap	ROE	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
SFGYY Sony Financial Group Inc	6.1B	–	2.1%	1.53x	183.8x	60.8x	5.4x	5.3x
DFY Definity Financial Corporation	6.4B	11.4%	8.8%	2.09x	20.1x	15.7x	2.1x	1.9x
UNIXY Uniqa Insurance Group AG	6.1B	14.2%	5.6%	1.64x	10.8x	9.9x	1.5x	1.4x
ESNT Essent Group Ltd.	6.0B	12.2%	54.7%	1.06x	8.8x	8.5x	1.0x	0.9x
RLI RLI Corp	6.0B	19.4%	21.4%	3.53x	20.2x	23.3x	3.6x	3.6x
SIGI Selective Insurance Group, Inc.	5.8B	13.4%	8.6%	1.69x	11.4x	11.0x	1.7x	1.5x
Mean		14.1%	16.9%	1.92x	42.5x	21.5x	2.5x	2.4x
Median		13.4%	8.7%	1.67x	15.8x	13.3x	1.9x	1.7x

Technical analysis

1M−12.0%
3M−5.3%
1Y−6.6%
3Y−14.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Sony Financial Group Inc, fiscal years, most recent first
	–	–	–	–	–	–
Premiums earned	14,180	14,469	13,176	12,887	12,849	13,033
Other revenue	2,307	2,263	8,430	3,144	4,783	5,944
Total revenue	16,488	16,732	21,606	16,032	17,631	18,977
Losses, benefits and adjustments	12,795	13,217	18,329	12,327	14,297	15,447
Amortization of policy acquisition costs	–	–	–	–	–	–
Selling, general & administrative expenses	1,980	1,978	1,772	1,849	1,944	2,085
Depreciation/amortization	–	–	–	–	–	4.4
Interest expense (income), operating	484	519	469	215	30.8	42.1
Other operating expenses	718	318	628	607	879	738
Operating income	511	700	408	1,033	480	660
Net interest income (expense)	–	15.6	11.0	23.4	6.7	0.8
Gain (loss) on sale of assets	−1.6	−1.0	−1.2	205	−1.6	−5.8
Other non-operating income (expense)	−12.8	−13.7	−16.2	−11.7	−19.4	−21.2
Net income before taxes	496	701	401	1,250	466	634
Provision for taxes	146	175	126	355	119	201
Minority interest	0	–	−3.2	−2.8	−4.2	−6.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	350	525	272	893	342	426
Extraordinary items	–	–	–	–	–	–
Net income	350	525	272	893	342	426
Basic weighted average shares (mil)	6,770	7,149	7,149	435	435	435
Diluted weighted average shares (mil)	6,770	7,149	7,149	435	435	435
Basic EPS, normalized	0.05	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Sony Financial Group Inc, fiscal years, most recent first
	–	–	–	–	–	–
Assets
Total receivables	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Property, plant & equipment	671	698	678	788	937	1,010
Goodwill	15.7	17.8	18.9	22.9	26.5	30.7
Intangibles	502	493	429	493	497	486
Insurance receivables	460	122	5.3	5.4	11.0	31.6
Long-term investments	141,618	143,079	135,459	140,487	144,011	144,861
Note receivable	–	–	–	–	–	–
Other long-term assets	1,358	1,330	1,519	1,591	1,328	939
Deferred policy acquisition costs	–	–	–	–	–	–
Other assets	2,334	2,007	1,802	1,678	2,325	1,893
Total assets	150,004	155,858	145,950	150,763	156,444	153,742
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	43.2	39.9	36.1	40.5	41.8	44.0
Policy liabilities	109,663	115,805	110,041	113,509	112,075	112,600
Short-term debt	28,995	28,871	25,518	24,946	26,853	25,074
Current portion of long-term debt	2,242	138	260	230	196	7.5
Long-term debt	2,336	3,541	3,351	3,437	1,973	2,974
Minority interest	0.2	–	–	29.1	28.7	26.8
Other liabilities	2,760	2,997	2,818	3,743	9,970	6,795
Total liabilities	146,040	151,392	142,025	145,935	151,137	147,521
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	126	134	132	151	165	181
Additional paid-in capital	827	1,275	1,264	1,440	1,572	1,728
Retained earnings (accumulated deficit)	3,702	3,546	2,993	3,478	3,159	3,456
Treasury stock	−62.4	–	–	–	–	–
Other equity	−629	−489	−464	−241	411	857
Total equity	3,965	4,467	3,926	4,828	5,307	6,222
Total liabilities & shareholders' equity	150,004	155,858	145,950	150,763	156,444	153,742

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Sony Financial Group Inc, fiscal years, most recent first
	–	–	–	–	–	–
Operating activities
Net income	496	701	401	1,250	466	634
Depreciation, depletion & amortization	122	113	116	121	123	133
Deferred taxes	–	–	–	–	–	–
Non-cash items	−2,939	−1,785	−2,484	−3,167	−2,810	−1,572
Changes in working capital	5,128	10,988	7,141	4,948	10,901	7,439
Cash from operations	2,807	10,018	5,174	3,152	8,680	6,634
Investing activities
Capital expenditures	−181	−176	−122	−178	−166	−168
Other investing cash flows	−7,327	−7,840	−3,672	−3,654	−4,962	−6,677
Cash from investing	−7,507	−8,016	−3,794	−3,831	−5,128	−6,844
Financing activities
Financing cash flow items	−4.0	−4.1	−349	−5.4	−6.0	−5.7
Cash dividends paid	0	–	–	−311	−322	−275
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	166	−66.9	−2.1	−0.9	1.6	1.1
Cash from financing	162	−71.1	−351	−318	−326	−280
Foreign exchange effects	8.0	−5.1	7.3	−2.4	−4.1	13.4
Net change in cash	−4,530	1,926	1,037	−999	3,222	−477
Free cash flow	2,626	9,842	5,053	2,975	8,514	6,466

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.