T&D Holdings Inc Ord (TDHOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, this is Ito from IR department of T&D Holdings. Thank you very much for coming to the telephone conference of our financial results. Our materials are under our website from the investor relations under IR event tab. First of all, I will be making approximately 10 minutes of presentation, after which we would like to move on to the Q&A session. So we'd like to move on with the presentation. Please turn to slide three. First of all, I would like to present the key highlights of the financial results for the third quarter. Group adjusted profit amounted to 122.5 billion yen against a four-year forecast of 146 billion yen, with a progress rate of 83.9%, demonstrating a steady progress. Sales results of new policies of all three life insurance companies progressed smoothly against the plan. Surrender and lapse rate increase in title life remained at the same level year-in-year in title life and declined in T&D financial life. Value of new business as a combined total of the three life insurance companies amounted to 144.3 billion yen with full-year forecast of 168 billion yen and a progress rate of 85.9%. Group MCEV amounted to 4.3974 trillion yen. ESR was 225%. There is no change in full-year earnings forecast as well as for dividends. Please turn to the next page. The key revenue and profit items of each company are shown in the table. The three life insurance companies reported increased adjusted profits, but T&D United Capital decreased. Page 5 shows you the breakdown of group adjusted profit and difference from net income. Please turn to the next page. This page shows the key performance indicators of the three life insurance companies. The three life insurance companies saw an increase in their core profits. Tile Life and Ditalife recorded capital gains on s...