Tokio Marine Holdings Inc (TKOMF) Q4 2023 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.275 Good evening everyone. My name is Komia. I'm the Group CEO. 00:00:04.275 -- 00:00:08.979 I thank you so much for attending this meeting tonight despite your busy schedule. 00:00:08.979 -- 00:00:13.563 I also wanted to thank you for extending your understanding and support to Tokyo Marine 00:00:13.563 -- 00:00:15.385 always. 00:00:15.385 -- 00:00:19.689 In starting this meeting, I would like to explain to you the financial results we are 00:00:19.689 -- 00:00:24.712 announcing today as well as messages from the management. 00:00:27.116 -- 00:00:30.917 Please turn to page 3 of the material. 00:00:31.182 -- 00:00:35.765 There are mainly three points I would like to convey to you today. 00:00:35.888 -- 00:00:39.853 The first is on financial results of fiscal 22. 00:00:39.853 -- 00:00:45.139 Actual basis adjusted net income was 444 billion yen, which reflects 00:00:45.139 -- 00:00:48.861 some impact from COVID loss and natural catastrophes. 00:00:50.025 -- 00:00:55.832 Excluding such one-off effects, normalized basis profit was 617.1 00:00:55.832 -- 00:00:57.694 billion 00:00:57.694 -- 00:00:59.694 yen. 00:01:00.376 -- 00:01:02.118 Most recently, 00:01:02.118 -- 00:01:07.505 we said in February that four-year normalized basis profit is expected to be 580 billion 00:01:07.505 -- 00:01:09.505 yen, 00:01:10.529 -- 00:01:15.335 but it came out to be 36.1 billion yen more than that. 00:01:15.335 -- 00:01:19.901 This is based on thorough penetration of integrated group management, which led to steady 00:01:19.901 -- 00:01:24.345 and continuous enhancement of underlying capabilities. 00:01:25.128 -- 00:01:30.970 The second point is our projections for fiscal 2023 for adjusted net income. 00:01:30.970 -- 00:01:36.218 Again, backed up by our enh...