Nippon Life published its asset management plan for the second half of fiscal 2026, outlining a policy to reduce domestic bonds through the sale and replacement of low-yielding assets. It carried out ¥1.1 trillion in replacements in the first half and expects a similar level in the second half.
Nippon Life Insurance Company published its asset management plan for the second half of fiscal 2026. Domestic bonds are expected to decline as a result of the sale and replacement of low-yielding assets. The company also outlined its policy for addressing the expansion of unrealized losses, based on the replacements carried out in the first half.
In the first half, the company carried out asset replacements totaling approximately ¥1.1 trillion to curb the expansion of unrealized losses on domestic bonds. Although the specific breakdown of the sales and reallocations was not provided, the overall policy calls for reducing the proportion of domestic bonds.
A similar level of replacements is expected in the second half, indicating that the company will continue to review its overall asset composition. The disposal and replacement of low-yielding assets are presented as an ongoing policy.
The announcement forms part of Nippon Life’s asset management strategy and indicates an intention to manage risk and curb unrealized losses while keeping the proportion of domestic bonds under control.