Tokio Marine Holdings Inc (TKOMF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. Thank you for joining us today. I am Ishiguro of Global Communications. We will now start the conference call for the FY2024 results and FY2025 projections as announced today. We will start with a presentation from our CEO, Mr. Komiya, followed by CFO, Mr. Okada, by referring to the presentation material posted on our homepage today, focusing on our earnings, and capital policy. The presentation will be for about 15 minutes, after which we would like to take your questions. A disclaimer before we begin. The presentation may include business projections and forecasts based on information and assumptions available to us today and is subject to risks and uncertainties. Please be reminded that actual results may differ from projections. Please note that we have reporting service for this conference call. Let me start. Over to you, Mr. Komiya. Good evening, everyone. My name is Komiya. Thank you very much for taking time out of your busy schedule to join us today. I would also like to thank you for your continued support towards Tokyo Marine. First of all, I would like to begin by explaining the content of the financial results for fiscal 24 and the message from the management based on these results. Please turn to page 3 of the document. There are three main points I would like to convey to you today. The first point is about fiscal 2024 results. Our management places more emphasis on adjusted net income including gain on sales of business-related equities, i.e., core profit of insurance business, and this figure on actual basis was ¥608.9 billion. This is an increase by ¥27.9 billion over the four-year forecast announced most recently in February. This is due to the appreciation of the yen against the foreign currencies used by Japan PNC in its financial r...