T&D Holdings Inc (OTCPK:TDHOF)

Q1 2025 T&D Holdings Inc Earnings Call Transcript

Aug 9, 2024 / 10:59 AM GMT

Release Date Price: $16.57

Transcript

Key Points

Positve

Group adjusted profit increased by 42.2% year-on-year to JPY40.6 billion, showing strong progress towards the full-year forecast.
Sales results of new policies for all three life insurance companies performed well compared to the plan.
Group MCEV increased by JPY124.8 billion from the end of the previous fiscal year to JPY4.228 trillion.
Adjusted EPS increased by 46.9% year-on-year, exceeding the growth rate of adjusted profit.
The company expects to record approximately JPY9 billion in Q2 of FY 2024 as adjusted profit related to Fortitude's financial results.

Negative

Surrender and lapse rates have risen, impacting the stability of policy retention.
Adjusted profit for T&D United Capital decreased by JPY2.1 billion year-on-year due to a reaction to gains on change in equity.
Capital gains declined at Taiyo Life and Daido Life due to decreasing gains on sale of foreign stocks and increased losses on sale of foreign currency-denominated bonds.
Annualized premiums of new policies for T&D Financial Life decreased year-on-year due to a drop in sales volume of foreign currency-linked products.
The company remains cautious about the second half of the year due to potential uncertainties, including the impairment of commercial mortgage loans.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

8795.T - T&D Holdings Inc
Q1 2025 T&D Holdings Inc Earnings Call
Aug 09, 2024 / NTS GMT

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Conference Call Participants
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* Masao Muraki
SMBC Nikko Securities Inc. - Analyst
* Kazuki Watanabe
Daiwa Securities Co., Ltd. - Analyst
* Koki Sato
JP Morgan Securities Japan Co., Ltd. - Analyst
* Futoshi Sasaki
Nomura Securities Co., Ltd. - Analyst
* Tatsuo Majima
Tokai Tokyo Intelligence Laboratory Co., Ltd. - Analyst
* Editor

=====================
Presentation
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Unidentified Company Representative [1]
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This is (inaudible), General Manager of the Investor Relations Department of T&D Holdings. Thank you very much for coming to our conference call. The material is under the IR event, First Quarter Financial Results Conference Call.

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