Millea Holdings, Inc.
President: Shuzo Sumi
TSE code number: 8766
Millea Holdings, Inc. (the "Company") announced today the forecasts of its non-consolidated business results under Japanese GAAP for the fiscal year ending March 31, 2008 (from April 1, 2007 to March 31, 2008, "FY2007") as detailed below.
1. Forecasts of the non-consolidated business results of the Company for FY2007
(Yen in millions, %)
| | Operating income | Ordinary profit | Net income |
| Actual results for the fiscal year ended March 31, 2007 ("FY2006") (A) | 297,763 | 294,447 | 292,838 |
| Forecast for FY2007 (B) | 86,500 | 81,000 | 81,000 |
| Difference (B)-(A) | -211,263 | -213,447 | -211,838 |
| Rate of increase/decrease | -71.0% | -72.5% | -72.3% |
2. Reasons for the decrease
As compared with FY2006, operating income, ordinary profit and net income are expected to decrease due mainly to a decrease in the amount of dividends, projected based on the Company's capital needs, the Company will receive from Tokio Marine & Nichido Fire Insurance Co., Ltd., a wholly-owned subsidiary of the Company.
The forecast of consolidated business results for FY2007 has not been revised.
