Sompo Holdings, Inc. (SMPNY) Q2 2026 Earnings Call Transcript

Masahiro Hamada
Group CFO, Deputy President, Representative Executive Officer & Director

I am Hamada, Group CFO of Sompo Holdings. Thank you for joining our earnings call despite your busy schedule. I will go through the first half results and the full year earnings forecast for FY ’25 as well as the shareholder return, all of which we disclosed today. Please turn to Page 3 of the presentation.

This is the executive summary. First, the overview of the FY ’25 first half results. Driven primarily by a decrease in nat cat in Japan and globally, profitability improvement in domestic P&C business and strong net investment income overseas, adjusted consolidated profit increased by JPY 78.1 billion year-on-year to JPY 247.4 billion.

Next, the full year FY ’25 earnings forecast. Based on the first half results, adjusted consolidated profit for the full year is revised up by JPY 77 billion from the initial forecast to JPY 440 billion. Although direct comparisons are not possible due to our transition to IFRS accounting this fiscal year, we expect to significantly surpass our previous record high profit.

Last but not least, shareholder returns. The total shareholder return for the first half of FY ’25 is JPY 145.5 billion, including JPY 77 billion of share buybacks. For the full year, in addition to the upward revision of