What was corrected and how
A subsequent correction by the company to the contents of an already published filing.
“Financial Results Notice” and “Supplementary Financial Results Materials (T&D Financial Life Insurance Company)” (First Quarter of the Fiscal Year Ending March 2024 to the Fiscal Year Ending March 2026)
Certain figures in the analysis by source of profit in the materials subject to correction, including the tables and items for core profit, core revenue, core expenses, capital gains (losses), capital revenue, capital expenses, positive spread (negative spread), average assumed interest rate and general account (elapsed) policy reserves.
Combined core profit for the three companies in the annual financial results: ¥125.8 billion for the fiscal year ending March 2024, ¥162.0 billion for the fiscal year ending March 2025 and ¥239.8 billion for the fiscal year ending March 2026. T&D Financial Life core profit: negative ¥1.4 billion, ¥1.1 billion and ¥7.0 billion. Positive spread (negative spread): negative ¥1.0 billion, negative ¥1.6 billion and negative ¥0.0 billion. Capital gains (losses): ¥9.6 billion, ¥6.5 billion and ¥6.6 billion
Combined core profit for the three companies in the annual financial results: ¥126.5 billion for the fiscal year ending March 2024, ¥162.8 billion for the fiscal year ending March 2025 and ¥240.5 billion for the fiscal year ending March 2026. T&D Financial Life core profit: negative ¥0.7 billion, ¥1.8 billion and ¥7.6 billion. Positive spread (negative spread): ¥1.6 billion, ¥0.9 billion and ¥2.3 billion. Capital gains (losses): ¥8.9 billion, ¥5.8 billion and ¥6.0 billion
The corrections relate to intermediate items used in the analysis by source of profit, and there is no error in ordinary profit.
T&D Financial Life Insurance Company was found to have made an error in calculating assumed interest on certain contracts during the period from the first quarter of the fiscal year ending March 2024 through the fiscal year ending March 2026.
| Item | Details |
|---|---|
| Disclosure subject to correction | “Financial Results Notice” and “Supplementary Financial Results Materials (T&D Financial Life Insurance Company)” (First Quarter of the Fiscal Year Ending March 2024 to the Fiscal Year Ending March 2026) |
| Original disclosure date | 10 August 2023, 14 November 2023, 14 February 2024, 15 May 2024, 9 August 2024, 14 November 2024, 14 February 2025, 15 May 2025, 8 August 2025, 14 November 2025, 13 February 2026, 15 May 2026 |
| Location of correction | Certain figures in the analysis by source of profit in the materials subject to correction, including the tables and items for core profit, core revenue, core expenses, capital gains (losses), capital revenue, capital expenses, positive spread (negative spread), average assumed interest rate and general account (elapsed) policy reserves. |
| Details of correction | Combined core profit for the three companies in the annual financial results: ¥125.8 billion for the fiscal year ending March 2024, ¥162.0 billion for the fiscal year ending March 2025 and ¥239.8 billion for the fiscal year ending March 2026. T&D Financial Life core profit: negative ¥1.4 billion, ¥1.1 billion and ¥7.0 billion. Positive spread (negative spread): negative ¥1.0 billion, negative ¥1.6 billion and negative ¥0.0 billion. Capital gains (losses): ¥9.6 billion, ¥6.5 billion and ¥6.6 billion → Combined core profit for the three companies in the annual financial results: ¥126.5 billion for the fiscal year ending March 2024, ¥162.8 billion for the fiscal year ending March 2025 and ¥240.5 billion for the fiscal year ending March 2026. T&D Financial Life core profit: negative ¥0.7 billion, ¥1.8 billion and ¥7.6 billion. Positive spread (negative spread): ¥1.6 billion, ¥0.9 billion and ¥2.3 billion. Capital gains (losses): ¥8.9 billion, ¥5.8 billion and ¥6.0 billion |
| Reason for correction | T&D Financial Life Insurance Company was found to have made an error in calculating assumed interest on certain contracts during the period from the first quarter of the fiscal year ending March 2024 through the fiscal year ending March 2026. |
| Impact on Business Performance | The corrections relate to intermediate items used in the analysis by source of profit, and there is no error in ordinary profit. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.T&D Financial Life was found to have made an error in calculating assumed interest on certain contracts and had published figures containing that error in its financial results materials.