Japan Post Group's earnings forecast remains unclear Impact of Japan Post Insurance August 9 17:59
The Japan Post Group has not changed the outlook for the full year of the current fiscal year, leaving the impact of improper insurance sales of Japan Post Insurance unaffected at this point in time.
Japan Post announced the financial results for the three months from April to June on the 9th, and the final profit of the entire group was 135 billion yen, an increase of 9.3% from the same period of the previous year.
Since June, the issue of inappropriate insurance sales has expanded, and Japan Post, which is responsible for sales, may have suffered a disadvantage due to self-restraint of insurance sales activities this month. We are dealing with customers.
Regarding the impact of this issue on the business performance, Tomonori Asai, Executive Officer of Japan Post, said at the press conference, “With the self-employment of sales, Japan's revenue will decrease, but at the same time the selling expenses will decrease. There are many uncertain factors at the moment, and it is difficult to make reasonable calculations. ”
Both Japan Post and Japan Post Insurance have left their forecasts unchanged for the past year.
With this issue, Japan Post Life Insurance will decide to verify that there are no penalties for all 30 million contracts and will send a letter by the end of next month.