{"id":35756,"date":"2026-03-23T15:47:24","date_gmt":"2026-03-23T06:47:24","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8766-20260323-01_wp_m_and_a_alliance\/"},"modified":"2026-03-23T15:47:24","modified_gmt":"2026-03-23T06:47:24","slug":"8766-20260323-01_wp_m_and_a_alliance","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8766\/ir\/8766-20260323-01_wp_m_and_a_alliance\/","title":{"rendered":"Regarding Strategic Partnership with the Berkshire Hathaway Group (Notice on Strategic Partnership with National Indemnity Company, a Major Insurance Subsidiary of Berkshire Hathaway Inc., and Disposal of Treasury Stock through Third-Party Allotment)"},"content":{"rendered":"<p>On March 23, 2026, Tokio Marine Holdings disposed of 48,207,200 shares of treasury stock (approximately 2.5%) to National Indemnity Company at \u00a55,962 per share through a third-party allotment and concluded a strategic partnership.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8766","jir_company_name":"Tokio Marine Holdings, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-03-23","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/8766-20260323-01.pdf","jir_short_summary":"On March 23, 2026, Tokio Marine Holdings disposed of 48,207,200 shares of treasury stock (approximately 2.5%) to National Indemnity Company at \u00a55,962 per share through a third-party allotment and concluded a strategic partnership.","jir_summary":"### Overview of the Strategic Partnership\nTokio Marine Holdings, Inc. has entered into a comprehensive partnership with National Indemnity Company, a wholly owned subsidiary of Berkshire Hathaway Inc., focusing on strategic equity investment, collaboration in the reinsurance field, and strategic cooperation in M&A activities. National Indemnity Company will acquire 48,207,200 shares, representing approximately 2.49% of the total shares outstanding as of December 31, 2025, through a third-party allotment. Correspondingly, the company will dispose of treasury stock and simultaneously conduct a treasury stock acquisition program with an upper limit of approximately \u00a5287.4 billion to mitigate dilution effects.\n\n### Impact on Shareholders and Future Outlook\nThe dilution rate resulting from this third-party allotment is approximately 2.49%, and the allottee has indicated a long-term holding policy. Under a Voting Agreement, the allottee has agreed to exercise voting rights in line with the recommendations of the company's Board of Directors. The funds raised will be allocated to treasury stock acquisition, aiming to enhance corporate value and increase shareholder returns over the medium to long term. The impact on earnings for the fiscal year ending March 2026 is expected to be minimal.","jir_financial_highlights":"Number of shares disposed: 48,207,200 shares (Approximately 2.49% dilution relative to the total shares outstanding)\nDisposal price: \u00a55,962 per share (Approximately 1.16% discount based on the VWAP of the last 5 trading days)\nTotal disposal amount: \u00a5287,411,326,400 (Unknown)","jir_category":"","jir_hashtags":"#TokioMarineHoldings, #MAndACapitalAlliance, #JapaneseStocks","jir_key_figures":"Number of treasury stock shares disposed: 48,207,200 shares (approximately 2.49% dilution)\nDisposal price: \u00a55,962 per share (approximately \u00a5287.4 billion raised)\nUpper limit of treasury stock acquisition amount: \u00a5287.4 billion (scheduled for implementation from April to September 2026)","jir_meta_title":"Tokio Marine Holdings Third-Party Allotment of 48,207,200 Shares to Berkshire Hathaway Subsidiary at \u00a55,962","jir_meta_description":"Tokio Marine Holdings has disposed of 48,207,200 shares of treasury stock to National Indemnity Company, a subsidiary of Berkshire Hathaway, for approximately \u00a5287.4 billion through third-party allotment and concluded a strategic partnership. The dilution rate is about 2.49%, and a treasury stock acquisition program is also planned.","jir_og_title":"Tokio Marine HD Announces Strategic Partnership and Treasury Stock Disposal with Berkshire Hathaway Subsidiary","jir_og_description":"Tokio Marine Holdings has disposed of 48,207,200 shares of treasury stock to National Indemnity Company, a Berkshire Hathaway subsidiary, through a third-party allotment, concluding a comprehensive strategic partnership.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6838,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-35756","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regarding Strategic Partnership with the Berkshire Hathaway Group (Notice on Strategic Partnership with National Indemnity Company, a Major Insurance Subsidiary of Berkshire Hathaway Inc., and Disposal of Treasury Stock through Third-Party Allotment) - 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