T&D Holdings Inc Ord (TDHOF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Ito from T&D Holdings IR Division. Thank you very much for attending this conference call for earnings results announcement. And the materials are posted on our website in the IR section. And at the outset, I will provide a 10-minute explanation following the materials, and then we will have a Q&A. Without further ado, Let me begin my explanation. Please turn to page three. First of all, I would like to present the key highlights of the financial results. For the fiscal year ended March 2026, a group adjusted profit exceeded the full year forecast of 146 billion yen, reaching a record high of 158.5 billion with adjusted ROE at 10.5%. The full year forecast for the fiscal year Ending March 2027 is 172 billion yen, which is up 13.4 billion yen year-on-year, which is 131 billion yen up. Sales results of new policies exceeded the plan at TAIO and TDF. While DAIDO fell short of the plan, it exceeded year-on-year levels. Surrender under LAPS. Laps rates increased at Tayo and Dido while declined at TDF. Value of new business as the combined total of the three life insurance companies amounted to $169 billion. Group EV increased by $292.9 billion from the previous fiscal year to $4. 1,238.6 billion with ROEV at 12.1%, ESR was 222%. Domestic and foreign equities totaling approximately 296 billion were sold during the fiscal year by Taiyo and Daido combined. In addition, the increase in interest income resulting from the replacement of yen-denominated bonds In the fiscal year ended March 26, was approximately 6.5 billion yen on an annual basis. Dividend per share forecast for the fiscal year ending March 27 is 164 yen, an increase of 34 yen from 130 for the fiscal year ended. Thank you very much. The three life insurance companies recorded profit growth, while T&D United C...