Sompo Holdings Inc (OTCPK:SMPNY)
$ 13.09 -0.005 (-0.04%) Market Cap: 25.22 Bil Enterprise Value: 22.21 Bil PE Ratio: 6.97 PB Ratio: 1.35 GF Score: 81/100
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Sompo Holdings Inc IR Meeting Transcript

May 26, 2023 / 01:00AM GMT
Release Date Price: $7.12 (-0.23%)
Kengo Sakurada
Sompo Holdings, Inc. - Group CEO, Chairman & Representative Executive Officer

I'm Sakurada of Sompo Holdings. Thank you for taking time out of your busy schedule to attend our IR meeting today.

Today, I will explain the overall strategy of the Sompo Group and then COO Okumura, will present our business strategy.

We would like to take your questions after the presentations. Although the time is limited, I look forward to having a constructive discussion with you all. Now please turn Page 3.

Here are today's main points. First of all, on May 19, we announced the results of FY 2022 and the forecast for FY 2023. In FY 2023, the final year of our medium-term management plan, we expect actual profits to fall short of our target of JPY 300 billion as a result of the deteriorating business environment. On the other hand, we expect to achieve our capital efficiency ROE target of 10% or more. Regarding capital policy, we have established a medium term policy for the reduction of strategic shareholdings. As to shareholder returns, we will adhere to our existing highly

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