Tokio Marine Holdings Inc (TKOMF) Q2 2023 Earnings Call

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WEBVTT 00:00:01.364 -- 00:00:04.687 Hello, and good evening, everyone. 00:00:04.687 -- 00:00:06.930 This is Komia speaking. 00:00:06.930 -- 00:00:11.495 I thank you for sparing your time with us this evening despite your busy schedule. 00:00:11.495 -- 00:00:15.258 I also like to appreciate your continuous understanding and support you extend towards 00:00:15.258 -- 00:00:20.364 Tokyo Marine. First of all, I would like to explain about the earnings highlights 00:00:20.364 -- 00:00:25.347 and messages from the management based on such highlights. 00:00:27.011 -- 00:00:30.334 Please turn to page three. 00:00:30.334 -- 00:00:35.245 They are mainly Three points I would like to convey to you today. 00:00:35.267 -- 00:00:37.267 First 00:00:37.390 -- 00:00:40.972 is the continued strong performances. 00:00:41.595 -- 00:00:46.280 Looking at the most recent earnings, although we are impacted by natural catastrophes 00:00:46.280 -- 00:00:49.281 and capital loss in North America, 00:00:49.764 -- 00:00:55.831 underlying profit, excluding one-off effect, continues to perform well, 00:00:55.831 -- 00:00:59.813 especially by key overseas entities. 00:01:00.636 -- 00:01:02.317 In fact, 00:01:02.317 -- 00:01:07.964 Four-year projections on a normalized basis, excluding one-off effect, is revised upwards 00:01:07.964 -- 00:01:13.010 by 5 billion Japanese yen to be 675 billion yen, and that would 00:01:13.010 -- 00:01:17.155 make year-on-year 9% growth. 00:01:17.155 -- 00:01:21.020 Second point is on shareholder return. 00:01:21.020 -- 00:01:23.322 As I have been saying, 00:01:23.322 -- 00:01:28.429 I still believe that profit growth and DPS growth should be in 00:01:28.429 -- 00:01:31.330 tandem to each other. 00:01:33.552 -- 00:01:36.536 Since profit momentum is strong, 00:01:36.536 -...