Tokio Marine Group’s FY2016 Business Plan on Adjusted Net Income Basis
OREANDA-NEWS. Tokio Marine Holdings, Inc. announced today its business plan based on an adjusted net income basis for the fiscal year ending March 31, 2017.
In the fiscal year ended March 31, 2016 (“FY 2015”), Tokio Marine Group (the “Group”) recorded 351.9 billion yen of Adjusted Net Income mainly reflecting an increase in profit in the domestic non-life insurance business.
In FY 2016, the Group is targeting 388.0 billion yen in Adjusted Net Income. Regarding Adjusted Net Income and Business Unit Profits from FY2016 onward, the definitions of those terms have been partially changed (see 3. in the following page and Appendix1 for details).
In FY 2016, the Group is targeting 388.0 billion yen in Adjusted Net Income, an increase of 36.1 billion yen compared to FY2015 mainly reflecting the consolidation of losses and profits with HCC Insurance Holdings, Inc.
In FY 2016, the Group is targeting 165.0 billion yen in Business Unit Profits for the domestic non-life insurance business, 39.0 billion yen for the domestic life insurance business, 159.0 billion yen for the international insurance business and 4.0 billion yen for the financial services and other businesses.
To clarify the treatment of gains or losses on sales or valuation for the types of equities, we have partially changed the definitions of Adjusted Net Income and Business Unit Profits from FY2016 onward.