Sompo Holdings Inc U/Adr (SMPNY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Very nice to see you all. So today we have business CEOs and I'd like to talk about the whole group first and then each business is going to be explained by each CEO. Let us start with the executive summary. So it's a busy page in short. As far as numbers are concerned, we are on track. That's my understanding. and we have about 15 billion yen upward revision of the the full year forecast compared to the original forecast and risk is reducing but when we look at external factors there are some inflational pressure and there are other factors of headwind, and each business is not complacent, not satisfied with the current status, and we'd like to control both risks. Let's move on. First, share prices. Finally, we have achieved adjusted PBR of one. When I became CEO, I talked with many people about PBR and ROE. I was asked to talk about PBR and ROE. And PBR1, when I was asked about PBR1, I said I didn't really stick to that idea, and I was criticized for that. is that the value of liquidation. And we are just starting point. It's just a yardstick for us. So we will not be complacent about the current status and we'd like to do a good work to raise our share prices. Next one. This page, we'd like to look back 136 years of history. Looking back 136 years, we have come through lots of M&A's, consolidations, and we have come to the current image. In 1888, the Dasompo's original company was established. and we have come through lots of changes since then through consultations and integrations with various companies to come up with the current PNDC business as to nursing care. Today, we have a representative from the SI. Now we have a good presence with that entity in the market, but we had to come through lots of challenges And we withdrew from the business. We divested, ex...