I will now talk about Next Challenge 2017, our medium-term management plan which entered Stage 2 (FY2016-FY2017) beginning April 1, 2016.

Positioning of Stage2

An improvement in earnings in domestic non-life insurance, our greatest challenge, is now in sight. We paved the way toward an improvement of financial soundness and capital efficiency by strengthening risk management through ERM, acceleration sales of strategic equity holdings based on risk appetite statements, and investing in businesses in growth areas.
We will position Stage 2 as a step-up period and facilitate initiatives more aggressively towards the creation of a world-leading global insurance and financial services group.

Picture:Mission: To contribute to the development of a vibrant society and help secure a sound future for the earth, by bringing security and safety through the global insurance and financial services business.

Picture:Underwritting profit in the domestic non-life Insurance business

Picture:Improvement In financial soundness(ESR)

Picture:Group Core Profit and Group ROE

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