20.05.2015, 14:41
Tokio Marine Group’s FY2015 Business Plan on an Adjusted Net Income Basis
OREANDA-NEWS. Tokio Marine Holdings, Inc. (the "Company") announced today its business plan based on an adjusted net
income basis (see Appendix for details) for the fiscal year ending March 31, 2016 ("FY 2015").
Due to the commencement of our new Mid-Term Business Plan (“To Be a Good Company 2017”) from FY 2015, there will now be changes in the way profits are calculated.
To be more in line with the financial accounting principles and to improve comparability, adjusted net income in which net income in FY 2015 is adjusted (“Adjusted Net Income”) is set as the indicator of profits for the entire Group and adjusted ROE calculated by using Adjusted Net Income as a numerator (“Adjusted ROE”) is set as the indicator of management of the entire Group.
Regarding the Business Unit Profits, the definition remains the same in order to appropriately present the results of our efforts reflecting the features of each business segment (except for the domestic life insurance business, which changes the indicator from Traditional Embedded Value (“TEV”) to Market Consistent Embedded Value (“MCEV”), which more appropriately reflects the economic value).
Due to the commencement of our new Mid-Term Business Plan (“To Be a Good Company 2017”) from FY 2015, there will now be changes in the way profits are calculated.
To be more in line with the financial accounting principles and to improve comparability, adjusted net income in which net income in FY 2015 is adjusted (“Adjusted Net Income”) is set as the indicator of profits for the entire Group and adjusted ROE calculated by using Adjusted Net Income as a numerator (“Adjusted ROE”) is set as the indicator of management of the entire Group.
Regarding the Business Unit Profits, the definition remains the same in order to appropriately present the results of our efforts reflecting the features of each business segment (except for the domestic life insurance business, which changes the indicator from Traditional Embedded Value (“TEV”) to Market Consistent Embedded Value (“MCEV”), which more appropriately reflects the economic value).
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