Future Growth Prospects

Growth Scenario

Based on a solid business foundation centered on the insurance and nursing care businesses, we will achieve further growth, improve profitability, and build a stable business portfolio by diversifying risks.

In addition, we will utilize a variety of real data obtained from our business activities to create new customer value that contributes to solving social issues and enhance our long-term profit growth potential.

Domestic P&C Insurance
Adjusted profit will be affected by the adverse business environment, but new actions are planned

• FY2023 adjusted profit is projected to be under the original target, factoring in the impact of the changes in the environment, such as inflation and increasing frequency and severity of natural disasters.
• On the other hand, NWP, which supports our future earnings, will exceed the medium-term target.
• To prepare for the possibility of continuous adverse business environment, we are developing more drastic measures to improve earnings.

Overseas Insurance
Driving group profit growth through industry-leading growth

• In FY2023, adjusted profit is expected to be JPY168.0 bn., considerably higher than the original target.
• Achieve industry-leading growth with improved profitability through highly specialized underwriting practices.
• Pursue geographic expansion and tighten underwriting stance by focusing on profitability to continue growing and increase resilience.
• Accelerate discontinuous growth and diversification through disciplined M&A.

Domestic Life Insurance
Sustained growth to establish as a "health support enterprise”

• Adjusted profit for FY2023 is predicted to be JPY40.0 bn., outperforming the medium-term target, mainly due to the impact of COVID-19 not in force.
• Continuously increase revenues by developing new customer segments through “Insurhealth”, which combines the original functions of insurance and healthcare.
• Pursue higher productivity and lower cost operations by new work styles and improving efficiency through the integration of sales offices and other measures.
• Enhance capital efficiency by reducing the amount of interest rate risk.

Nursing Care & Seniors Business
Healing to realize “Japan, an affluent country that can boast to the world of a long and quality life.”

• Alongside the “egaku”’s business development, the Nursing Care & Seniors Business aims to become the de facto standard of the industry.
• Strengthen the supply capacity of nursing care services by increasing productivity through the use of technology, etc., and by securing human resources through improvements in the treatment of employees.
• Aiming for further growth as a nursing care operator by aggressively expanding the scale of operations to meet the growing demand for nursing care.
• Establish businesses that support active seniors, including support for seniors' social participation and development of dementia prevention programs.

Digital Business
Create solutions and develop business models based on data

• Aim to monetize digital solutions, such as product development and sales in collaboration with startups who have advanced technology.
• Apply the data and knowhow accumulated in the digital business to the development of solutions for other businesses/domains and contribute to monetization as “Real Data Platform”.
• Stable contribution to group earnings is sought not only by collaborating with other business segments but also by the digital segment itself.