Added to YB: 2026-09-16
Pitch date: 2026-09-14
8795.T [neutral]
T&D Holdings, Inc.
Author Info
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Company Info
T&D Holdings, Inc., through its subsidiaries, provides insurance products and services in Japan. The company offers personal, individual pension, group, group annuity; and others insurances, including asset-building, asset-building pension, medical, disability, and reinsurance; medical coverage and living benefit coverage; and in-force individual insurance and individual annuity insurances.
Market Cap
JPY 2.4T
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.04
P/E
16.77
EV/Sales
0.77
Sector
Insurance
Category
N/A
T&D Holdings, Inc. - $8795.T
8795.T (pass): T&D Holdings goes into the too-hard pile despite screening at 0.59x disclosed Group Embedded Value and having an explicit, growing payout-ratio-based capital-return policy. Some 82% of embedded value is discount-rate-sensitive Value of In-Force — a DCF-style terminal-value credit for future new-business profit — while 1.4x book value is not cheap for an insurer; the complexity of Japanese life insurance further weakens conviction.
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