Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Tokio Marine Holdings, Inc.
  6. News
  7. Summary
    8766   JP3910660004

TOKIO MARINE HOLDINGS, INC.

(8766)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tokio Marine : Summary of PresentationPDF

07/05/2021 | 08:06am EDT

June 28, 2021

Tokio Marine Holdings, Inc.

Presentation Summary of the conference call regarding decision of

share repurchases held on June 28, 2021 (Monday)

This is Takayuki Yuasa, Tokio Marine Group CFO. Thank you for your participation despite the short notice.

As you are aware, Tokio Marine Holdings made an announcement regarding the repurchase of up to 30 billion yen of shares from the market on June 28, 2021 (3 p.m. JST). This is the first time that the new approach to capital level adjustment announced on May 20, 2021, will be implemented.

We decided to hold this conference call to help the market participants understand how we determine the timing and amount to execute the capital level adjustment under the new policy.

There are two main points I would like to discuss.

The first point is the timing and amount.

You may be aware of our announcement on May 20th that:

  • Our budget for annual capital level adjustment for fiscal 2021 is set at 100 billion yen; and
  • We will make the adjustment flexibly during the term, as necessary, considering the situation, instead of decisions only having been made twice in May and November.

The decision will be made based on a comprehensive consideration of the status of small- and medium-sized M&A pipeline to determine the amount, and the share price to determine the timing.

The 30 billion yen capital level adjustment announced today was determined based on comprehensive consideration of:

  • No M&A deals in the pipeline ready to be announced immediately; and
  • Gap between the current share price and our expectation

We also noted that the period of repurchase for the first capital level adjustment will end on August 31, 2021.

We will continue making flexible decisions on capital level adjustment.

The second point is our approach to investment and shareholder return.

1 / 2

We have repeatedly emphasized that our capital policy has not changed at all.

Our new Mid-Term Business Plan aims to achieve our mid- to long-term target of over 500 billion yen adjusted net income and 12% adjusted ROE with organic growth. Accordingly, we have no need to rush M&A transactions.

Our intention is to use M&A deals as a risk diversification tool to support the stability of adjusted net income over 500 billion yen and will execute transactions only if good opportunities are presented. If there aren't any, we will make disciplined shareholder returns instead.

These criteria will apply to the 100 billion yen capital level adjustment budget for fiscal 2021, as well as for determination of separate reserves for large M&A deals.

Our CEO Satoru Komiya explained about this at the IR meeting held on May 27th. We would like to depart from the mindset of "to return or not to return" at certain intervals, and clearly state that we are committed to making shareholder returns. We wanted to communicate our disciplined approach to shareholder return by explaining our way of thinking.

We hope the first capital level adjustment under the new approach will help your understanding and appreciate your continued support.

This concludes my explanation. Thank you.

End

2 / 2

Disclaimer

Tokio Marine Holdings Inc. published this content on 05 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 12:05:03 UTC.


ę Publicnow 2021
All news about TOKIO MARINE HOLDINGS, INC.
09/14NIKKEI 225 : Up 0.7% to 31-Year-High on Pandemic, New Leadership Outlooks
MT
09/14Japan's Nikkei ends at over 31-year high as cyclicals shine
RE
09/13Japan's Nikkei hits over 31-year peak as cyclical shares track Wall St higher
RE
09/13TOKIO MARINE : Notice of Finalization of Details of Stock-Based Compensation System (67KB)..
PU
09/13TOKIO MARINE : Announcement regarding share repurchases from the market (97KB)PDF
PU
09/13Tokio Marine Holdings, Inc. announces an Equity Buyback for 7,500,000 shares, represent..
CI
09/13Tokio Marine Holdings, Inc. authorizes a Buyback Plan.
CI
09/10TOKIO MARINE : Solvency margin ratio on a consolidated basis as of June 30, 2021 (82KB)PDF
PU
09/07Credit Suisse preparing further insurance claims for Greensill-linked funds
RE
09/06TOKIO MARINE : AM Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co...
AQ
More news
Analyst Recommendations on TOKIO MARINE HOLDINGS, INC.
More recommendations
Financials
Sales 2022 5 517 B 50 489 M 50 489 M
Net income 2022 323 B 2 954 M 2 954 M
Net Debt 2022 - - -
P/E ratio 2022 12,8x
Yield 2022 3,85%
Capitalization 4 126 B 37 765 M 37 757 M
Capi. / Sales 2022 0,75x
Capi. / Sales 2023 0,73x
Nbr of Employees 43 257
Free-Float 94,4%
Chart TOKIO MARINE HOLDINGS, INC.
Duration : Period :
Tokio Marine Holdings, Inc. Technical Analysis Chart | 8766 | JP3910660004 | MarketScreener
Technical analysis trends TOKIO MARINE HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 6 000,00 JPY
Average target price 6 253,85 JPY
Spread / Average Target 4,23%
EPS Revisions
Managers and Directors
Satoru Komiya President, Group CEO & Representative Director
Tsuyoshi Nagano Chairman
Susumu Harada Managing Executive Officer & Head-Group IT
Kenji Okada MD, Head-Compliance & Legal Affairs
Akio Mimura Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
TOKIO MARINE HOLDINGS, INC.13.04%37 985
AMERICAN INTERNATIONAL GROUP, INC.40.60%45 522
THE ALLSTATE CORPORATION17.88%38 317
THE TRAVELERS COMPANIES8.76%38 088
SAMPO OYJ22.53%27 608
INTACT FINANCIAL CORPORATION12.69%23 362