Kanpo Life Shareholders' Meeting Apologized for inappropriate insurance sales Emphasis on preventing recurrence June 15 12:26

At the general meeting of shareholders of Japan Post Insurance, where improper insurance sales became a major issue, the company apologized for the series of problems and emphasized its efforts to prevent recurrence.

Kanpo Life's general meeting of shareholders was held in Tokyo on the 15th, and the number of shareholders attended decreased to 109, less than half of last year, as people were invited to watch on the Internet as a countermeasure against the new coronavirus.

At the general meeting, President Tetsuya Senda, who took office this January, deeply apologizes for deeply apologizing to the shareholders for causing a great deal of concern due to the suspension of operations by the Financial Services Agency due to a series of problems. We emphasized that recovery is the most important issue and we will work to prevent recurrence.

In response to this, shareholders asked the question, "What is customer-oriented sales?", and some employees who had lost their income due to refraining from insurance sales continued to benefit from the new coronavirus measures. There was also an opinion asking for an explanation of the problem I was applying for contrary to the purpose.

After that, a bill for the election of nine directors was passed with a majority, and the general meeting closed in about 30 minutes.

A 50-year-old shareholder man who attended said, "I felt remorse. The stock price has reached half price, but I would like to expect new management efforts."

On the other hand, another man in his 50s said, "I didn't feel sincere. I would like the president to change, not to change."