Companies / 8750
TYODai-ichi Life Holdings (8750) in our theses
Dai-ichi Life Holdings appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The BOJ's 31-year-high rate kills Japan's negative spread, and the new solvency rules turn it into buybacks
A policy rate at its highest since 1995 ends 25 years of negative spread for Japan's lifers, and the new ESR regime converts it into capital returns.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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