DAI-ICHI LIFE HOLDINGS, INC. [Unofficial Translation]
May 17, 2018
Seiji Inagaki
Representative Director, President
Dai-ichi Life Holdings, Inc. Code: 8750 (TSE First section)
Dai-ichi Life Holdings makes Janus Henderson Group plc. an affiliate company
Dai-ichi Life Holdings, Inc. (the "Company"; President: Seiji Inagaki) announces that it has completed the purchase of planned amount of stocks of Janus Henderson Group plc. ("Janus Henderson") through the New York Stock Exchange.
As a result, the Company's ownership stake in Janus Henderson reached 15.3%※, and the Company made Janus Henderson an affiliated company. For accounting purposes the Company will apply the equity method, and it will be effective from the first quarter of the Company's fiscal year ending March 31, 2019.
In the medium-term management plan "CONNECT 2020", announced in March 2018, Company and its group companies (collectively the "Group") will focus on enhancing three growth engines: "Domestic Life Insurance Business", "Overseas Life Insurance Business" and "Asset Management Business". By making Janus Henderson, which has strong business presence in Europe and the United States, an affiliated company of the Company, the Group expects to strengthen Asset Management Business capability and expand its profitability by incorporating Janus Henderson's high profit growth.
In addition, the Group will promote the sophistication of asset management capability and aim to accelerate the profit growth of Janus Henderson and the Group by expanding unique group synergies between Janus Henderson and Asset Management One Co., Ltd., a joint venture with Mizuho Financial Group, and also with our life insurance companies located in 7 countries worldwide.
Please note that the impact of this transaction has already been reflected in the Company's earnings forecast for the fiscal year ending March 31, 2019, and there will be no change in the forecast in this effect.
※ Based on the number common stock issued by Janus Henderson as stated in Form 10-Q (Quarterly Report) submitted to the U.S. Securities and Exchange Commission on May 9, 2018 (US Eastern Time).
＜Company profile of Janus Henderson＞ Website(https://www.janushenderson.com/)
Company name | Janus Henderson Group plc. |
Business | Asset management |
Formulation* | May 30, 2017 |
Representative (Co-CEO) | Richard Weil Andrew Formica |
Company headquarter | London, United Kingdom |
Stock listing | New York Stock Exchange, Australian Securities Exchange |
Market capitalization | US$ 6,433 million (as of April 27, 2018) |
Total asset under management | US$ 371.9 billion (as of March 31, 2018) |
Net income | US$ 655.5 million (fiscal year 2017) |
Ownership by the Company | 15.3% (calculated based on figures as of May ４, 2018 ) |
*The day of the merger's completion
Related news release
Headline | Release date | URL |
The Recommended Merger between Janus Capital Group and Henderson Group; Dai-ichi Life Holdings Announces the Business Alliance with Two Asset Managers pursuant to the Merger | Oct 3, 2016 | http://www.dai-ichi-life-hd.com/en/newsroom/newsrelease/2016/pdf/index_003.pdf |
The Completion of Merger of Equals between Janus Capital Group and Henderson Group | May 31, 2017 | http://www.dai-ichi-life-hd.com/en/newsroom/newsrelease/2017/pdf/index_006.pdf |
Investor Contact:
Investor Relations Group Corporate Planning Unit Dai-ichi Life Holdings, Inc. +81 50 3780 6930
This press release may contain statements that are "forward-looking statements" regarding our intent, belief or current expectations of management with respect to our future results of operations and financial condition. Any such forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control.
Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, consumer sentiment, political events, level and volatility of interest rates, currency exchange rates, security valuations and competitive conditions.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ.
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Dai-ichi Life Holdings Inc. published this content on 17 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 May 2018 07:03:06 UTC
