{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-PRIME/8725",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# MS&AD Insurance Group Holdings,Inc. (Prime Market: 8725) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is MS&AD Insurance Group Holdings,Inc., listed on the Prime Market under ticker 8725. Its ISIN is JP3890310000 and its LEI is 529900CXROT5S2HMMP26. Its security type is Corporate, its sector is 7150 Insurance, and its jurisdiction is Japan (EDINET domestic filer). Its segment is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 30 filings in the twelve months to 2026-11-06, across 21 filing days. By type, the record holds 4 ad hoc, 12 corporate news, 6 prospectus, 6 regulatory filing and 2 results filings. The median gap between filing days is 19.5 days. The latest filing is dated 2026-11-06, is a corporate news filing, and is 0 days before the record date. The Prime Market median is 10 filings, a 29.0-day cadence gap and 70.0 days of latency across 1,557 issuers. The 7150 Insurance sector median is 16.0 filings, a 20-day cadence gap and 67.0 days of latency across 16 issuers.\n\n## Auditor\n\nThe auditor of record is 有限責任 あずさ監査法人. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because this market's register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor the client category Qualified Institutional Investors under rule acm-68000/jp/suitability-principle-fiea-article-40/r1, the outcome is not determinable. The rule states a product scope, and the record carries no instrument class to place within it. The chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 11 research houses: BofA Securities Japan Co., Ltd., Daiwa Securities Co.Ltd., J.P. Morgan Securities Japan Co., Ltd., Mizuho Securities Co., Ltd., Morgan Stanley, MUFG Securities Co., Ltd., Nomura Securities Co.,Ltd., SBI SECURITIES Co.,Ltd., SMBC Nikko Securities Inc., Tokai Tokyo Intelligence Laboratory Co., Ltd., and UBS Securities Japan Co., Ltd.\n\n## Open research\n\nNo openly published research notes were found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, and no market earliest sealed date or live record start date is on the record.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest (identity.isin)\n- https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.jp-cm-kg.ai/events/TSE-PRIME/8725 (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YNCJ (the auditor)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.ms-ad-hd.com/en/ir/stock/analyst.html (coverage)\n- https://mcp.jp-cm-kg.ai/record/TSE-PRIME/8725 (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "EDINET XBRL-to-CSV facts (API v2 type=5, 有価証券報告書 docTypeCode 120) — element jpcrp_cor:AuditFirm1Consolidated",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YNCJ",
    "state": "sourced",
    "value": "有限責任 あずさ監査法人"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-PRIME/8725",
  "coverage": {
   "count": 11,
   "houses": [
    {
     "analyst": "Natsumu Tsujino",
     "house": "BofA Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Kazuki Watanabe",
     "house": "Daiwa Securities Co.Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Koki Sato",
     "house": "J.P. Morgan Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Naruhiko Sakamaki",
     "house": "Mizuho Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Atsuro Takemura",
     "house": "MUFG Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Futoshi Sasaki",
     "house": "Nomura Securities Co.,Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Wataru Otsuka",
     "house": "SBI SECURITIES Co.,Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Masao Muraki",
     "house": "SMBC Nikko Securities Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Tatsuo Majima",
     "house": "Tokai Tokyo Intelligence Laboratory Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Koichi Niwa",
     "house": "UBS Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html",
     "result": "read: 11 of 11 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1557,
     "median_cadence_gap_days": 29,
     "median_filings": 10,
     "median_latency_days": 70,
     "name": "Prime Market"
    },
    "sector": {
     "issuers": 16,
     "median_cadence_gap_days": 20,
     "median_filings": 16,
     "median_latency_days": 67,
     "name": "7150 Insurance"
    }
   },
   "by_type": {
    "ad_hoc": 4,
    "corporate_news": 12,
    "prospectus": 6,
    "regulatory_filing": 6,
    "results": 2
   },
   "cadence_median_gap_days": 19.5,
   "filing_days": 21,
   "filings": 30,
   "latency_days": 0,
   "latest": [
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-11-06",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ZCN3",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-10-08",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z73J",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-09-08",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z103",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-08-10",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YVR2",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-07-09",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YPS5",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-PRIME/8725",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Prime Market"
   },
   "isin": {
    "read_by": "GLEIF ISIN list for the LEI (lei-records/<lei>/isins) (the one equity-pattern ISIN JP3…00x)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest (isin-lei-latest.zip, ISINs mapped to the LEI)",
    "state": "sourced",
    "value": "JP3890310000"
   },
   "jurisdiction": {
    "read_by": "EDINET code list (Edinetcode.zip, filer master with corporate number) (提出者種別)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip",
    "state": "sourced",
    "value": "Japan (EDINET domestic filer)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-08",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN JP3890310000)",
    "state": "sourced",
    "value": "529900CXROT5S2HMMP26"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "MS&AD Insurance Group Holdings,Inc."
   },
   "sector": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English) (33-sector classification)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "7150 Insurance"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "8725"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
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    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
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    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "name_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:f49ee7c5cfbd9c33a43ef1133a5c0ec8d6c9f3c37d51826c4c9d71afb58d4cb1",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-PRIME/8725",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:f49ee7c5cfbd9c33a43ef1133a5c0ec8d6c9f3c37d51826c4c9d71afb58d4cb1",
 "path": "/jp/TSE-PRIME/8725",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is MS&AD Insurance Group Holdings,Inc., listed on the Prime Market under ticker 8725. Its ISIN is JP3890310000 and its LEI is 529900CXROT5S2HMMP26. Its security type is Corporate, its sector is 7150 Insurance, and its jurisdiction is Japan (EDINET domestic filer). Its segment is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 30 filings in the twelve months to 2026-11-06, across 21 filing days. By type, the record holds 4 ad hoc, 12 corporate news, 6 prospectus, 6 regulatory filing and 2 results filings. The median gap between filing days is 19.5 days. The latest filing is dated 2026-11-06, is a corporate news filing, and is 0 days before the record date. The Prime Market median is 10 filings, a 29.0-day cadence gap and 70.0 days of latency across 1,557 issuers. The 7150 Insurance sector median is 16.0 filings, a 20-day cadence gap and 67.0 days of latency across 16 issuers.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is 有限責任 あずさ監査法人. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because this market's register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Qualified Institutional Investors under rule acm-68000/jp/suitability-principle-fiea-article-40/r1, the outcome is not determinable. The rule states a product scope, and the record carries no instrument class to place within it. The chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 11 research houses: BofA Securities Japan Co., Ltd., Daiwa Securities Co.Ltd., J.P. Morgan Securities Japan Co., Ltd., Mizuho Securities Co., Ltd., Morgan Stanley, MUFG Securities Co., Ltd., Nomura Securities Co.,Ltd., SBI SECURITIES Co.,Ltd., SMBC Nikko Securities Inc., Tokai Tokyo Intelligence Laboratory Co., Ltd., and UBS Securities Japan Co., Ltd.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, and no market earliest sealed date or live record start date is on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.isin",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-PRIME/8725"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the auditor",
   "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YNCJ"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.ms-ad-hd.com/en/ir/stock/analyst.html"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-PRIME/8725"
  }
 ],
 "title": "MS&AD Insurance Group Holdings,Inc. (8725) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}