Sompo Holdings Inc U/Adr (SMPNY) Q2 2025 Earnings Call

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WEBVTT 00:00:01.769 -- 00:00:05.573 Yes, thank you for joining us today. First, 00:00:06.861 -- 00:00:09.567 please turn to page three. 00:00:09.567 -- 00:00:14.799 Last week, we announced our first half results and had the earnings 00:00:14.799 -- 00:00:18.728 goal, so I will skip the details on the numbers. 00:00:18.728 -- 00:00:21.169 But in a nutshell, 00:00:22.036 -- 00:00:25.682 I would say that we are making good progress 00:00:25.682 -- 00:00:27.865 over the numbers. 00:00:27.865 -- 00:00:32.052 But looking at how rapidly the environment is changing and the magnitude of the change 00:00:32.052 -- 00:00:34.056 as well as the uncertainties, 00:00:34.056 -- 00:00:40.546 if we consider that, the reform that we have embarked on is still not 00:00:40.546 -- 00:00:42.149 concluded. 00:00:42.149 -- 00:00:44.833 So for the first half results, 00:00:44.833 -- 00:00:48.676 we exceeded our initial guidance. 00:00:49.863 -- 00:00:54.909 And I think that is partly thanks to the efforts that we have been making to date, 00:00:54.909 -- 00:00:59.733 and also partly driven by the external environment. 00:00:59.835 -- 00:01:04.581 So we should not be just focused on the short-term results, but we will carry out what 00:01:04.581 -- 00:01:07.042 needs to be done. 00:01:08.746 -- 00:01:13.910 So our efforts will not bear fruit overnight. 00:01:15.631 -- 00:01:20.799 In some cases, our efforts may bring results exceeding our 00:01:20.799 -- 00:01:25.826 initial expectation, and I think that is the destiny of the insurance 00:01:25.826 -- 00:01:29.151 business. Moving on to page five, 00:01:29.151 -- 00:01:34.819 I would like to talk about the two numerical targets under the midterm management plan, 00:01:34.819 -- 00:01:40.668 the ROE target and also the EPS growth. Regarding the...