TOKYO (dpa-AFX) - Sony Financial Group Inc. (8729.T), a Japanese financial services group, on Monday reported a return to profit in the first quarter of fiscal 2026, helped mainly by a sharp swing in investment gains.
The company reported profit attributable to owners of the parent of 9.160 billion yen, or 1.37 yen per share, compared with a loss of 24.492 billion yen, or 3.43 yen per share, in the prior-year quarter.
Sony Financial recorded an investment gain of 672.198 billion yen for the quarter compared with a loss of 32.019 billion yen a year ago.
Excluding one-time items, adjusted earnings surged 43.6% year-over-year to 31.503 billion yen.
Operating profit was 15.228 billion yen, compared with an operating loss of 33.552 billion yen a year earlier.
Operating revenues grew 10.5% to 268.033 billion yen from 242.622 billion yen in the prior year.
Insurance revenue increased to 178.005 billion yen from 162.723 billion yen, while the insurance service result rose to 47.771 billion yen from 45.842 billion yen.
Net interest income rose to 58.941 billion yen from 48.249 billion yen.
Net fee and commission income was a loss of 1.316 billion, compared with 1.234 billion loss last year.
The gains were largely offset by a sharp increase in net insurance finance losses, which rose to 741.889 billion yen from 76.177 billion yen a year earlier.
Finance result improved to a loss of 10.774 billion yen from a loss of 59.894 billion yen.
For the full year, the company forecasts operating revenues of 1.070 trillion yen, up 5.2% year on year. It expects profit attributable to owners of the parent of 23 billion yen. Adjusted net income is projected at 110 billion yen, up 2.4%.
In Tokyo, Sony Financial shares were up nearly 3% at 156.80 yen.
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