Solvency margin ratio regulation for insurance subsidiaries
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: FY2026.
Hikari Tsushin moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 4 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「If the solvency margin ratio falls below a certain level, the Financial Services Agency may order the submission and implementation of a rational improvement plan deemed necessary to ensure sound management.」
The specific threshold of 200% stated in the previous fiscal year has been generalized to “a certain level” in the current fiscal year. - FY2025RestatedAnnual report
「If the solvency margin ratio falls below 200%, the Financial Services Agency may order the submission and implementation of a rational improvement plan deemed necessary to ensure sound management.」
The Company reconfirms the regulatory risk associated with the 200% solvency margin ratio applicable to insurance subsidiaries. - FY2024First statedAnnual report
「Insurance companies must maintain a solvency margin ratio at or above the level prescribed by the Insurance Business Act. If the solvency margin ratio falls below 200%, the Financial Services Agency may order the submission and implementation of a rational improvement plan deemed necessary to ensure sound management.」
The Group first described the capital-regulatory risk for domestic insurance subsidiaries arising if the solvency margin ratio falls below 200%.