Sompo Holdings Inc (FRA:ANK)
€ 25 0.4 (1.63%) Market Cap: 24.41 Bil Enterprise Value: 21.67 Bil PE Ratio: 7.54 PB Ratio: 1.36 GF Score: 70/100
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Q2 2021 Sompo Holdings Inc Earnings Call Transcript

Nov 19, 2020 / 07:00AM GMT
Release Date Price: €11.13 (-1.18%)
Osamu Nose
Sompo Holdings, Inc. - Head of IR and Finance Department

Good afternoon, I am Nose from Sompo Holdings. Thank you so much for calling in despite of your busy schedule today. I am going to explain the results of the first half of FY 2020 and the guidance for the full year, mainly around numbers. For your information, the management, including CEO, are going to talk about the progress of the medium-term management plan and the direction of the next midterm plan in the web meeting to be held next week.

Let's get right into Page 2. This page shows the highlights. In the first half of FY 2020, consolidated ordinary profit has increased by JPY 13.7 billion to JPY 77.5 billion, mainly driven by the improvement of loss ratio on the back of people refraining from going out by car.

On the other hand, we have revised our guidance for the full year to consolidated ordinary profit of JPY 223 billion, and the consolidated net income to JPY 140 billion. We have scrutinized the impact from COVID-19, which resulted in the negative impact of around JPY 8 billion, which is JPY 6 billion better

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