Tokio Marine Holdings, Inc.
President: Shuzo Sumi
TSE code number: 8766
Tokio Marine Holdings, Inc. (the "Company") announced today that it has revised the forecasts of its non-consolidated business results under Japanese GAAP for the fiscal year ended March 31, 2010 (April 1, 2009 to March 31, 2010, "FY 2009"), previously announced on November 19, 2009, as detailed below. There are no revisions to the Company’s forecasts of consolidated business results for FY 2009.
1. Revised forecasts for FY2009
| | Operating income (million yen) | Operating profit (million yen) | Ordinary profit (million yen) | Net income (million yen) | Net income per share (yen) |
| Original forecast* (A) | 32,000 | 25,500 | 25,500 | 25,000 | 31.74 |
| Revised forecast (B) | 32,000 | 26,000 | 26,000 | 40 | 0.05 |
| Difference (B)-(A) | - | 500 | 500 | (24,960) | (31.69) |
| Rate of increase (decrease) (%) | - | 2.0 | 2.0 | (99.8) | (99.8) |
| (Reference) Actual results for the fiscal year ended March 31, 2009 | 136,570 | 130,476 | 130,494 | 117,197 | 147.53 |
*Announced on November 19, 2009.
2. Explanation of revisions
The revision of forecast net income is mainly due to an impairment loss on an investment in Tokio Marine & Nichido Financial Life Insurance Co., Ltd., which is a subsidiary of the Company.
The forecast decrease, however, will not affect the Company’s consolidated business results since the impairment loss on the investment in the subsidiary will be eliminated on a consolidated basis.
