T&D : 【T&D Holdings, Inc.】Financial Summary for the Six Months Ended September 30, 2015(365 KB)

[T&D Holdings] Financial Summary for the Six Months Ended September 30, 2015 FINANCIAL SUMMARY‌‌‌‌‌‌‌‌‌‌‌‌

(For the six months ended September 30, 2015)

November 12, 2015

Name of Company: T&D Holdings, Inc.

Stock Listings: Tokyo

Security Code No.: 8795

Head Office: Tokyo, Japan

URL: http://www.td-holdings.co.jp/en/ Projected Filling Date of Quarterly Securities Report: November 27, 2015 Projected Starting Date of Dividend Distribution: -

Supplemental Information for Quarterly Financial Statements: Available

Holding of Quarterly Financial Results Meeting: Yes (for institutional investors and analysts)

1. Consolidated Operating Results for the Six Months Ended September 30, 2015 (April 1, 2015 - September 30, 2015)

2. Results of Operations

   Note: Amounts of less than one million yen are omitted, and percentages have been rounded to the nearest percent. % changes are presented in comparison with the same term of the previous year.

   	Ordinary Revenues	% change	Ordinary Profit % change		Profit Attributable to Owners of Parent % change
   Six months ended September 30, 2015	¥1,031,940 million	(15.0)	¥95,565 million	3.1	¥48,404 million	(8.2)
   Six months ended September 30, 2014	¥1,214,629 million	14.9	¥92,702 million	(1.4)	¥52,705 million	29.3

   Note: Comprehensive income: ¥ (78,916) million (- %) for the six months ended September 30, 2015; ¥146,831 million (up 160.9%) for the six months ended September 30, 2014.

   
   

   	Net Income per Share	Net Income per Share (Fully Diluted)
   Six months ended September 30, 2015 Six months ended September 30, 2014	¥73.52 ¥78.87	¥72.64 ¥78.78

   
   

3. Financial Conditions

	Total Assets	Net Assets	Equity Ratio
As of September 30, 2015 As of March 31, 2015	¥14,481,088 million ¥14,664,705 million	¥1,219,642 million ¥1,344,950 million	8.4% 9.1%

Note: Equity: as of September 30, 2015: ¥ 1,216,210 million; as of March 31, 2015: ¥1,341,738 million.




	Dividends per Share
	First Quarter-End	Second Quarter-End	Third Quarter-End	Year-End	Annual
Year ended March 31, 2015	-	-	-	¥25.00	¥25.00
Year ended March 31, 2016	-	-
Year ended March 31, 2016 (Forecast)	-	¥25.00	¥25.00

4. Dividends

   
   

   Note: Revisions to previously announced dividend forecasts: None.

   
   

5. Consolidated Forecasts for the Year Ending March 31, 2016 (April 1, 2015 - March 31, 2016)

   Note: % changes are presented in comparison with the same term of the previous year.

   	Ordinary Revenues	Ordinary Profit	Profit Attributable to Owners of Parent	Net Income per Share
   Year ending March 31, 2016	¥1,870,000 (22.5)% million	¥167,000 (11.6)% million	¥78,000 (17.2)% million	¥117.32

   Note: Revisions to previously announced financial forecasts: None.

6. Notes

1. Changes in Consolidated Subsidiaries (Change in Scope of Consolidation): None

2. Changes in Accounting Policies, Accounting Estimates and Restatement of Corrections:

3. Changes in accounting policies due to the revision of accounting standards and other regulations: Applicable

4. Other changes in accounting policies: None

5. Changes in accounting estimates: None

6. Restatement of corrections: None

7. Number of Outstanding Shares (Common Stock)

8. Number of outstanding shares including treasury stock at the end of the term: as of September 30, 2015: 681,480,000

   as of March 31, 2015: 681,480,000

9. Number of treasury stock at the end of the term: as of September 30, 2015: 32,722,484

   as of March 31, 2015: 16,632,735

10. Average number of outstanding shares during the term: for the six months ended September 30, 2015: 658,354,842

for the six months ended September 30, 2014: 668,223,171




*Information regarding the implementation of interim audit procedure

This 'FINANCIAL SUMMARY' ('Tanshin') is not subject to the interim audit procedure by external auditors that are based on Financial Instruments and Exchange Act. The interim audit procedure has not yet finished at the point of releasing this financial summary.




The forecasts for the year ending March 31, 2016 reflect the Company's current analysis of existing information and trends. T&D Holdings offers no assurance that the forecasts will be realized. Actual results may differ from expectations based on risks and uncertainties that may affect the Company's businesses.

Contents of Appendix




1. Consolidated Financial Results for the Six Months Ended September 30, 2015

2. Consolidated Results of Operation 2

3. Consolidated Financial Position 3

4. Consolidated Forecasts for the Year Ending March 31, 2016

(April 1, 2015 - March 31, 2016) 3

5. Summary Information (Notes)

6. Changes in Consolidated Subsidiaries (Changes in Scope of Consolidation) 4

7. Changes in Accounting Policies, Accounting Estimates and Restatement of Corrections 4

8. Unaudited Consolidated Financial Statements

9. Unaudited Consolidated Balance Sheet 6

10. Unaudited Consolidated Statement of Operation and Unaudited Consolidated Statement of Comprehensive Income 7

11. Unaudited Consolidated Statement of Changes in Net Assets 9

12. Notes on Going-Concern Assumption 10

13. Others

(Reference) Status of Insurance Claims Paying Ability (Consolidated Solvency Margin Ratio) 11

*Supplementary materials for financial statements are available on T&D Holdings' website.

1. Consolidated Financial Results for the Six Months Ended September 30, 2015‌
2. Consolidated Results of Operation

For the six months ended September 30, 2015, ordinary revenues decreased ¥182.6 billion, or

15.0 percent from the level of the same term of the previous fiscal year, to ¥1,031.9 billion, which was a total of income from insurance premiums of ¥803.4 billion (down 19.5 percent), investment income of ¥189.0 billion (up 4.3 percent), other ordinary income of ¥39.4 billion (up 12.2 percent) and others.

Ordinary expenses decreased ¥185.5 billion, or 16.5 percent from the level of the same term of the previous fiscal year, to ¥936.3 billion, which was a total of insurance claims and other payments of ¥702.6 billion (down 2.5 percent), provision for policy and other reserves of ¥57.9 billion (down 75.6 percent), investment expenses of ¥42.6 billion (up 43.5 percent), operating expenses of ¥98.7 billion (down 0.8 percent), other ordinary expenses of ¥34.4 billion (down 1.2 percent) and others.

As a result, ordinary profit increased ¥2.8 billion, or 3.1 percent, to ¥95.5 billion.

After taking into account of extraordinary gains and losses, the provision for reserve for policyholder dividends, income taxes and others, profit attributable to owners of parent decreased

¥4.3 billion, or 8.2 percent from the level of the same term of the previous fiscal year to ¥48.4 billion.

1. Ordinary Revenues

   (Billions of yen)

   Six Months ended September 30, 2015	Six Months ended September 30, 2014	Increase (decrease)
   Consolidated	1,031.9	1,214.6	(182.6)
   Taiyo Life	455.6	560.2	(104.5)
   Daido Life	469.6	476.4	(6.8)
   T&D Financial Life	130.0	198.1	(68.0)

   Note: Consolidated amount does not equal to the sum of three companies because the consolidated amount includes the ordinary revenues of its subsidiaries other than three companies as well as consolidation adjustments.

2. Ordinary Profit

(Billions of yen)

Six Months ended September 30, 2015	Six Months ended September 30, 2014	Increase (decrease)
Consolidated	95.5	92.7	2.8
Taiyo Life	43.2	33.0	10.1
Daido Life	50.0	47.5	2.4
T&D Financial Life	2.0	11.3	(9.3)

Note: Consolidated amount does not equal to the sum of three companies because the consolidated amount includes the ordinary profit of its subsidiaries other than three companies as well as consolidation adjustments.