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    8750   JP3476480003

DAI-ICHI LIFE HOLDINGS, INC.

(8750)
  Report
Delayed Japan Exchange  -  11:59:30 2023-01-29 pm EST
3094.00 JPY   -0.35%
01/26Indian Morning Briefing: Asian Markets Broadly Higher
DJ
01/25Dai-Ichi Life plans 5% wage hike in rare base increase for non-sales staff -source
RE
01/19Japan's consumer inflation hits fresh 41-year high, keep BOJ in focus
RE
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Dai ichi Life : November 24, 2022 Presentation Material with Speech Text

11/24/2022 | 03:04am EST
  • (No script for this slide)

1

  • (No script for this slide)

2

  • This is Kikuta, Chief Financial Officer.
  • Once again, I would like to thank you very much for participating in today's conference for our group.
  • I would like to talk about the status of major KPI in the medium-term management plan.
  • Please see page 4.

3

  • This section provides a review of our capital and financial initiatives.
  • First, regarding risk control, we continue to make steady progress in reducing market- related risks. The progress rate against the 3 year target set in the medium-term management plan was 80% at the end of this 1H. ESR remained largely unchanged from the previous fiscal year-end, although the financial market environment was highly volatile in this 1H, particularly overseas interest rates. We will continue to appropriately control risks and strive to improve our risk profile and ensure the stability of our financial soundness.
  • This is followed by capital and cash generation. Although we made downward revisions to our earnings forecasts, based on discussions with group companies, we believe that the estimated amount of remittances to the holding company based on the results for the current fiscal year can secure the initial forecast of ¥240 billion. As a result, the remittance ratio is expected to be more than 100% overall.
  • Finally, about capital and cash allocation. During the period under the current medium- term management plan, the Company returned profits to shareholders totaling approximately ¥470 billion, and has worked to expand shareholder payouts. Dividends per share for the current fiscal year are scheduled to increase from the previous fiscal year. There is no change to the plan announced in May to complete the share buybacks of up to ¥120 billion by the end of March next year. Our track record in strategic investment, including our TOB in ipet, reflects our selection of scarce investment opportunities. As a result, strategic investment totaled ¥230 billion. We will continue to aim for both enhanced shareholder payouts and strategic investments for growth.
  • Refer to page 5.

4

  • Market evaluation and business results for the first half are shown.
  • Relative TSR fell from a favorable position at the end of the previous fiscal year, ranking 2nd relative to other companies globally, but was ranked 4th in the middle or higher position at the end of this 1H. In addition, the beta of our stock relative to the market as a whole, including factors of financial market conditions, has been gradually declining.
  • This is followed by performance in the first half of the year. Group adjusted profit fell below the level of the same period of the previous fiscal year due to the impact of rising overseas interest rates and an increase in payments related to the COVID-19 at DL.
  • As for the value of new business, sales of DFL grew significantly, as overseas interest rates rose and foreign currency-denominatedsavings-type products became increasingly attractive. Meanwhile, at DL, it is taking time to penetrate the various sales reforms that we are currently implementing, and new policies sold have progressed below expectations.
  • In light of these 1H performances and future prospects, the Group adjusted profit and the value of new business were revised downward in the full-year forecast.
  • See page 6.

5

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 24 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2022 08:03:06 UTC.


ę Publicnow 2022
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Analyst Recommendations on DAI-ICHI LIFE HOLDINGS, INC.
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Financials
Sales 2023 9 167 B 70 557 M 70 557 M
Net income 2023 229 B 1 761 M 1 761 M
Net Debt 2023 906 B 6 976 M 6 976 M
P/E ratio 2023 13,5x
Yield 2023 2,77%
Capitalization 3 151 B 24 253 M 24 253 M
EV / Sales 2023 0,44x
EV / Sales 2024 0,51x
Nbr of Employees 61 902
Free-Float 93,7%
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Dai-ichi Life Holdings, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends DAI-ICHI LIFE HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 3 105,00 JPY
Average target price 3 165,83 JPY
Spread / Average Target 1,96%
EPS Revisions
Managers and Directors
Seiji Inagaki President, CEO & Representative Director
Tetsuya Kikuta Chief Financial Officer & Representative Director
Koichiro Watanabe Chairman
Rieko Sato Independent Outside Director
Ungyong Shu Independent Outside Director
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