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    8750   JP3476480003

DAI-ICHI LIFE HOLDINGS, INC.

(8750)
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Dai ichi Life : Consolidated Summary Report under Japanese GAAP for the Three Months Ended June 30, 2021

08/11/2021 | 07:46am EST

(Unofficial Translation)

Consolidated Summary Report under Japanese GAAP for the Three Months Ended June 30, 2021

August 11, 2021

Company Name:

Dai-ichi Life Holdings, Inc.

Stock exchange listings: Tokyo

Code Number:

8750

URL: https://www.dai-ichi-life-hd.com/

Representative:

Seiji Inagaki, President, Representative Director

For inquiry:

Atsushi Nakamura, General Manager, Investor Relations Group, Corporate Planning Unit

TEL: (050)3780-6930

Dividend payment date:

-

Quarterly securities report issue date: August 11, 2021

Supplementary information for quarterly financial statements: Available

Explanatory meeting to be held: Yes (for institutional investors and analysts)

(Amounts of less than one million yen are truncated.)

1. Consolidated Financial Data for the Three Months Ended June 30, 2021

(1) Consolidated results of operations

(% represents the change from the same period in the previous fiscal year)

Net Income attributable to

Ordinary Revenues

Ordinary Profit

shareholders of parent

company

Three Months Ended

million yen

%

million yen

%

million yen

%

June 30, 2021

1,945,535

8.6

206,218

168.6

138,410

238.9

June 30, 2020

1,791,356

(2.1)

76,784

(26.9)

40,838

(21.1)

Note. Comprehensive income (loss) for the three months ended June 30, 2021 and 2020 were 152,418 million yen (53.5% decrease year-on-year) and 327,649 million yen (46.4% increase year-on-year), respectively.

Net Income

Diluted Net Income

per Share

per Share

Three Months Ended

yen

yen

June 30, 2021

125.41

125.34

June 30, 2020

36.17

36.14

(2) Consolidated financial condition

Total Assets

Total Net Assets

Ratio of Net Assets Attributable

to the Company's Shareholders

to Total Assets

As of

million yen

million yen

%

June 30, 2021

65,033,630

4,859,929

7.5

March 31, 2021

63,593,705

4,807,129

7.6

(Reference) Net assets attributable to the Company's shareholders as of June 30, 2021 and March 31, 2021 were 4,859,212 million yen and 4,806,208 million yen, respectively.

2. Dividends on Common Stock

Dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Annual

Fiscal Year Ended

yen

yen

yen

yen

yen

March 31, 2021

-

0.00

-

62.00

62.00

March 31, 2022

-

March 31, 2022

0.00

-

77.00

77.00

(Forecast)

Note. Revision of dividend forecasts on the presentation

date of this consolidated summary report: No

3. Consolidated Earnings Forecasts for the Fiscal Year ending March 31, 2022

(% represents the change from the previous fiscal year)

Net Income attributable to

Net Income

Ordinary Revenues

Ordinary Profit

shareholders of parent

per Share

company

Fiscal Year Ending

million yen

%

million yen

%

million yen

%

yen

March 31, 2022

6,643,000

(15.1)

479,000

(13.4)

279,000

(23.3)

254.44

Note. Revision of earnings forecasts on the presentation date of this consolidated summary report: No

"Net income per share" is presented in the Consolidated Earnings Forecasts for the Fiscal Year ending March 31, 2022, factoring in the status of total shares outstanding and the Company's own shares as of June 30, 2021.

* Notes

  1. Changes in significant subsidiaries during the period : No
  2. Adoption of unique accounting methods applied only to quarterly consolidated financial statements : Yes For details, please refer to (3) Notes to the Quarterly Consolidated Financial Statements in the Appendix.
  3. Changes in accounting policies, accounting estimates and correction of past errors:
  1. Changes in accounting policies due to revision of accounting standards: Yes
  2. Changes in accounting policies due to reasons other than item (A) above: No
  3. Changes in accounting estimates: No
  4. Correction of past errors: No

For details, please refer to (3) Notes to the Quarterly Consolidated Financial Statements in the Appendix.

(4) Number of shares outstanding (common stock)

As of June 30, 2021

As of March 31, 2021

(A) Total shares outstanding including treasury stock:

1,116,755,800

1,198,755,800

(B) Shares of treasury stock held:

20,226,325

88,541,025

Three months ended

Three months ended

June 30, 2021

June 30, 2020

(C) Average outstanding shares:

1,103,703,075

1,129,137,308

Note. The number of treasury stocks includes the shares of the Company (3,907,800 shares as of June 30, 2021 and 3,942,700 shares as of March 31, 2021)

held by the Stock Granting Trust (J-ESOP trust).

*This report is exempt from the quarterly review of CPAs or Audit firms.

*Notes for using earnings forecast in this report and others:

This report contains forward-looking statements, such as earnings forecasts, regarding the intent, beliefs and current expectations of the Company and its management with respect to the expected financial condition and results of operations of the Company. These statements necessarily depend upon information currently available to the Company and its management and on assumptions that the Company and its management believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results may differ materially from any future results expressed or implied by forward-looking statements. Forward-looking statements are subject to various risks and uncertainties, such as fluctuations in market conditions, including changes in the value of equity securities and changes in interest rates and forward exchange rates, the occurrence of illegal acts, operational and system risks, risks associated with general economic conditions in Japan and other factors. Important factors which may affect the Company's financial condition, results of operations and business performance are not limited to the factors described above. In light of the risks and uncertainties relating to forward-looking statements, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this report.

Dai-ichi Life Holdings, Inc.

Table of Contents of Appendix

1. Unaudited Quarterly Consolidated Financial Statements and Notes …………………………………………… 2

(1) Quarterly Consolidated Balance Sheet ………………………………………………………………………… 2

(2) Quarterly Consolidated Statement of Earnings and Comprehensive Income ………………………………… 4

Quarterly Consolidated Statement of Earnings…………………………………………………………………

4

Quarterly Consolidated Statement of Comprehensive Income…………………………………………………

6

(3) Notes to the Quarterly Consolidated Financial Statements …………………………………………………… 7

(Notes on Going-Concern Assumptions) ……………………………………………………………………… 7

(Notes for Material Changes in Shareholders' Equity) ………………………………………………………… 7

(Adoption of Unique Accounting Methods Applied Only to Quarterly Consolidated Financial Statements) 7 (Changes in Accounting Policies) ……………………………………………………………………………… 7

The Company plans to hold a conference call for institutional investors and analysts regarding its financial results for the three months ended June 30, 2021 on August 11, 2021. The material for the conference call will be posted on TDnet and the Company's website.

- 1 -

Dai-ichi Life Holdings, Inc.

1. Unaudited Quarterly Consolidated Financial Statements and Notes

(1) Quarterly Consolidated Balance Sheet

(Unit: million yen)

As of

As of

March 31, 2021

June 30, 2021

ASSETS

Cash and deposits

1,884,141

2,031,389

Call loans

403,700

356,300

Monetary claims bought

252,140

258,489

Money held in trust

1,130,920

1,114,855

Securities

50,879,947

51,806,419

Loans

3,762,666

3,829,987

Tangible fixed assets

1,113,299

1,118,003

Intangible fixed assets

445,163

496,617

Reinsurance receivable

1,668,969

1,765,807

Other assets

2,016,733

2,216,187

Deferred tax assets

12,014

12,051

Customers' liabilities for acceptances and guarantees

52,861

51,416

Reserve for possible loan losses

(28,224)

(23,280)

Reserve for possible investment losses

(627)

(614)

Total assets

63,593,705

65,033,630

LIABILITIES

Policy reserves and others

51,051,420

51,908,816

Reserves for outstanding claims

753,126

798,044

Policy reserves

49,897,294

50,720,959

Reserve for policyholder dividends

400,999

389,812

Reinsurance payable

796,523

745,195

Bonds payable

899,770

911,369

Other liabilities

4,671,205

5,225,681

Net defined benefit liabilities

418,546

419,925

Reserve for retirement benefits of directors, executive officers and

998

966

corporate auditors

Reserve for possible reimbursement of prescribed claims

800

725

Reserves under the special laws

264,454

270,350

Reserve for price fluctuations

264,454

270,350

Deferred tax liabilities

558,387

568,416

Deferred tax liabilities for land revaluation

71,606

70,837

Acceptances and guarantees

52,861

51,416

Total liabilities

58,786,576

60,173,701

- 2 -

Dai-ichi Life Holdings, Inc.

(Unit: million yen)

As of

As of

March 31, 2021

June 30, 2021

NET ASSETS

Capital stock

343,732

343,732

Capital surplus

330,065

330,065

Retained earnings

1,375,805

1,299,926

Treasury stock

(155,959)

(39,107)

Total shareholders' equity

1,893,643

1,934,616

Net unrealized gains (losses) on securities, net of tax

3,056,350

3,012,862

Deferred hedge gains (losses)

(2,916)

1,177

Reserve for land revaluation

(22,026)

(24,003)

Foreign currency translation adjustments

(108,830)

(55,968)

Accumulated remeasurements of defined benefit plans

(10,012)

(9,471)

Total accumulated other comprehensive income

2,912,564

2,924,595

Subscription rights to shares

920

716

Total net assets

4,807,129

4,859,929

Total liabilities and net assets

63,593,705

65,033,630

- 3 -

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Dai-ichi Life Holdings Inc. published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 05:35:03 UTC.


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Dai-ichi Life Holdings, Inc. Technical Analysis Chart | 8750 | JP3476480003 | MarketScreener
Technical analysis trends DAI-ICHI LIFE HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 2 347,50 JPY
Average target price 2 590,77 JPY
Spread / Average Target 10,4%
EPS Revisions
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Seiji Inagaki President & Representative Director
Koichiro Watanabe Chairman
George C Olcott Independent Outside Director
Rieko Sato Independent Outside Director
Ungyong Shu Independent Outside Director
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