Dai-ichi Life Holdings, Inc. (TSE:8750) is looking for acquisitions. Taisuke Nishimura said, "Under our current medium-term plan, we are actively pursuing strategic investments. We are allocating this capital surplus generated by reducing Dai-ichi Life's risks to growth businesses, particularly overseas operations and asset management.
And since the launch of the plan, we have executed approximately 10 strategic investments of varying sizes, including bolt-on deals". "Going forward, we'll enhance capital efficiency through capital-light projects, pursue projects that contribute to asset formation and leverage bolt-on acquisitions overseas to realize synergies thereby driving early corporate value growth". Tetsuya Kikuta, Group CEO, said, "As it has already been announced, we have revised our full year forecast upwards, and we continue our efforts to enhance corporate value.
We see steady progress in M&A activities in overseas and noninsurance businesses and we are taking steps to improve capital efficiency and drive growth". "We cannot aim to achieve JPY 700 billion only by organic growth. So we would like to allocate more capital to inorganic growth in order to achieve this target.
So we will put more focus on cash flow and cash remittance. And at the same time, we'll be reviewing our KPIs".
