Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Japan Post Holdings Co., Ltd.    6178   JP3752900005

JAPAN POST HOLDINGS CO., LTD.

(6178)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan Post Holdings unable to say when it will resume insurance policy sales

share with twitter share with LinkedIn share with facebook
01/31/2020 | 07:34am EDT
Japan Post Holdings CEO Hiroya Masuda speaks at a news conference in Tokyo

The chief executive of Japan Post Holdings Co Ltd, Hiroya Masuda, said on Friday that the conglomerate could not say when it would resume selling insurance products, after being banned from doing so by the government.

Japan Post Insurance, 64% owned by Japan Post Holdings, first revealed it had mismanaged insurance policies affecting thousands of clients in August.

Japan's financial regulator then in December ordered Japan Post Insurance to stop marketing insurance policies, which were sold at outlets of postal service unit Japan Post, until March.

"We do not have any guidance for when we can resume sales. Our mission now is to carry out what we have pledged in our business improvement plans," Masuda told at a media briefing.

He spoke after the group submitted the business improvement plans, which include boosting internal controls, to Japan's Financial Services Agency.

The insurance policy mismanagement pushed corporate governance to the fore just as the government planned to sell $10 billion worth of shares in Japan Post Holdings to fund reconstruction in areas devastated by an earthquake and tsunami in 2011.

Masuda said the conglomerate expected to deal with 220,000 more cases of improper sales of its policies, affecting about 60,000 people.

Masuda, a former minister of Internal Affairs and Communications, took his post last month, succeeding Masatsugu Nagato, who resigned, along with heads of two Japan Post affiliates over the scandal.

By Junko Fujita


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.10% 21.41 Delayed Quote.297.27%
JAPAN POST BANK CO.,LTD. -0.36% 828 End-of-day quote.-21.14%
JAPAN POST HOLDINGS CO., LTD. -1.28% 741.6 End-of-day quote.-27.72%
JAPAN POST INSURANCE CO., LTD. -0.85% 1760 End-of-day quote.-5.48%
JUST GROUP PLC -4.50% 43.28 Delayed Quote.-42.63%
LETS HOLDINGS GROUP CO., LTD. -0.23% 8.8 End-of-day quote.45.70%
LOOK HOLDINGS INCORPORATED -1.63% 968 End-of-day quote.-22.68%
POST HOLDINGS, INC. 0.16% 91.36 Delayed Quote.-16.28%
WILL GROUP, INC. -1.18% 837 End-of-day quote.-33.15%
share with twitter share with LinkedIn share with facebook
All news about JAPAN POST HOLDINGS CO., LTD.
10/15UPDATE1 : Japan top court rules against denying benefits to fixed-term workers
AQ
10/15JAPAN POST : Top court rules against denying allowances to fixed-term employees
AQ
10/13JAPAN POST : Main events scheduled for Thursday, Oct. 15
AQ
10/03JAPAN POST : Main events scheduled for Monday, Oct. 5
AQ
09/30JAPAN POST : Notice Regarding the Recording of a Loss on Valuation of Shares of ..
PU
09/25JAPAN POST : Commencement Date of Operations Aimed at Regaining Customers' Trust
PU
09/11URGENT : Ex-Japan Post Holdings, SMBC chief Nishikawa dies at 82
AQ
09/11Japan Post group to resume insurance sales on October 5 after long suspension
RE
09/11Japan Post group to resume insurance sales on Oct 5 after long suspension
RE
09/02EXCLUSIVE : Some 1,300 voting forms uncounted in contentious Toshiba AGM - sourc..
RE
More news
Financials
Sales 2021 11 509 B 110 B 110 B
Net income 2021 363 B 3 474 M 3 474 M
Net Debt 2021 36 992 B 354 B 354 B
P/E ratio 2021 8,72x
Yield 2021 6,74%
Capitalization 2 999 B 28 715 M 28 699 M
EV / Sales 2021 3,47x
EV / Sales 2022 3,74x
Nbr of Employees 245 472
Free-Float 31,0%
Chart JAPAN POST HOLDINGS CO., LTD.
Duration : Period :
Japan Post Holdings Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JAPAN POST HOLDINGS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 875,56 JPY
Last Close Price 741,60 JPY
Spread / Highest target 55,1%
Spread / Average Target 18,1%
Spread / Lowest Target 1,13%
EPS Revisions
Managers
NameTitle
Hiroya Masuda President & Chief Executive Officer
Yasuo Suzuki Director & Representative SEVP
Akio Mimura Independent Outside Director
Tadashi Yagi Independent Outside Director
Kunio Ishihara Independent Outside Director