ALM and securing stable earnings in the financial services business
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Amid these conditions, Sony is selling and replacing some of the bonds it holds and pursuing the reinsurance of certain blocks of existing policies to reduce the sensitivity of the financial services business's performance to interest rates.」
For ALM in the financial services business, the Company is selling and replacing bonds and reinsuring certain blocks of existing policies to reduce interest rate sensitivity. - FY2021RestatedAnnual report
「To achieve this, the Company will pursue 5 strategic pillars: thorough strengthening of its core and unique competitive advantages, a shift to an earnings structure capable of withstanding low interest rates, further evolution of customer-oriented management, strengthening competitiveness through technology, and maximizing group synergies.」
5 strategic pillars were presented to maintain profitability in the financial services business amid the low interest rate environment, including transforming the earnings structure, strengthening products and services, and utilizing technology. - FY2017RestatedAnnual report
「ALM is intended to secure stable earnings while taking into account the long-term balance between assets and liabilities.」
The policy of managing the long-term asset-liability balance and stable earnings through ALM in the financial services business was reiterated. - FY2017-Q3RestatedAnnual report
「The ultra-low interest rate environment in Japan has created challenging earnings conditions during the period of the current Mid-Term Management Plan, and the numerical targets incorporated in the previous Mid-Term Management Plan were revised. In the core life insurance business, measures including reviews of products and sales strategies and thorough risk management are being implemented to maintain and improve profitability.」
Reviews of products and sales strategies and risk management are continuing to maintain and improve profitability amid the ultra-low interest rate environment. - FY2017-Q1SoftenedAnnual report
「The ultra-low interest rate environment in Japan has created challenging earnings conditions during the period of the current Mid-Term Management Plan, and the numerical targets incorporated in the previous Mid-Term Management Plan were revised. In the core life insurance business, measures including reviews of products and sales strategies and thorough risk management are being implemented to maintain and improve profitability.」
In response to the ultra-low interest rate environment, the numerical targets in the Mid-Term Management Plan were revised, and the policy has shifted toward maintaining and improving profitability through reviews of products and sales strategies and risk management. - FY2016First statedAnnual report
「ALM is intended to secure stable earnings while taking into account the long-term balance between assets and liabilities. If Sony's financial services business is unable to conduct ALM appropriately, or if there is a significant change in market conditions beyond the level that can be addressed reasonably through ALM, this could adversely affect the performance and financial condition of Sony's financial services business.」
Asset-liability management at the insurance and banking businesses is used to secure stable earnings, while market fluctuations, including interest rates, are treated as risks.