Tokio Marine Holdings Inc Decision of Share Repurchases Conference Call Transcript
Hello. I am Yuasa, CFO. Thank you for joining today on short notice.
As you have already heard, at 3:00 p.m. today, the company made an announcement regarding share repurchases worth JPY 30 billion. This will be the first execution under the new capital adjustment method that was announced on May 20. As this was the first time under the new methodology, we have decided to hold this conference call to help you and the others in the capital market understand how we make decisions on the timing and the size of our capital level adjustment and execute on the plan.
There are mainly 2 points I'd like to highlight. The first point is about the timing and the amount. We have already announced that we had set the annual budget of JPY 100 billion of the capital level adjustment. In the past, we made the decision of capital level adjustment twice a year, May and November, but we had to change that and make decisions flexibly, as we think we need by looking at the circumstance, which we announced on May
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