Japan Post This year's final profit is expected to decrease by 40%. The impact of the new Corona will be 21:39 on May 15th.
Japan Post has forecast that its final profit this year will decrease by about 40%. In addition to refraining from operating insurance at Japan Post Insurance, this is due to the deterioration of the financial market environment due to the impact of the new coronavirus.
Based on the earnings forecast for the year ending March next year announced by the Japan Post Group on the 15th, the final profit for the entire group is expected to be 280 billion yen, a 42% decrease from the previous year.
This is because the insurance business of Japan Post Insurance is uncertain when new business is expected to decline, and new contracts are expected to decline. Because it is assumed to decrease, it is possible that it may fluctuate significantly depending on the spread of infection.
Mr. Hiroya Masuda, president of Japan Post, said at an online press conference, "The business environment is expected to be severe, but I would like to give top priority to the steady implementation of business improvement plans to prevent the recurrence of Japan Post Insurance problems." ..
Japan Post Insurance The number of new contracts decreased 62% last year
On the other hand, the number of new policies for Japan Post Insurance last year was 640,000, which was a large decrease of 62% from the previous year.
In order to continue the self-restraint of the business in the wake of improper sales, with Japan Post will continue the investigation of the whole picture, but we are promoting efforts to prevent recurrence, the prospect of sales resume does not stand still.