Q2 2022 Sompo Holdings Inc Earnings Call Transcript

Nov 19, 2021 / 09:00AM GMT
Osamu Nose - Sompo Holdings, Inc. - Head of IR and Finance Department

Ladies and gentlemen, thank you very much for joining us to the conference call of Sompo Holdings. I am the speaker today, the Head of IR, Nose. Based on the material, I will go through the presentation for about 20 minutes and then proceed to the Q&A session. For your information, with regards to the progress of the medium-term management plan, CEO and the management team will talk about it in the IR meeting to be held on November 25, next week.

Now let's get right into Page 2. This page shows the highlights. In the first half of FY 2021, consolidated ordinary profit increased by JPY 113 billion to JPY 190.5 billion, driven by higher profit of Sompo Japan and Sompo International as well as gains from partial sales of stocks held at the holdings. We have revised our full year forecast for FY 2021 upward to consolidated ordinary profit of JPY 267 billion and consolidated net income of JPY 178 billion. Main reasons for the upward division include the impact from the partial sale of stocks in addition to reflecting the progress

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