Sompo Holdings adopts IFRS starting fiscal year end 2025

Sompo Holdings announced its decision to transition to International Financial Reporting Standards (IFRS), effective for the consolidated financial statements in its Annual Securities Report for the fiscal year ending March 31, 2025. This move, decided at today's Board of Directors meeting, aims to replace the current Japanese GAAP and improve the international comparability of the company’s financial information. For the fiscal year ending March 31, 2025, the company will report under Japanese GAAP. For the first three quarters of FY2026 and full year 2026, the quarterly earnings reports, interim securities report and earnings report will be IFRS-based. Forecasts for the fiscal year ending March 31, 2026, will also be disclosed under IFRS. The earnings reports for the fiscal year ending March 31, 2025, will be disclosed under IFRS at a later date.