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Our Position within Japan Post Group
Life insurance business, carried out by Japan Post Insurance (the “Company”）, is one of the three main businesses of Japan Post Group.
In view of its universal service obligation, Japan Post Holdings aims to dispose of its entire equity interest in Japan Post Insurance and Japan Post Bank as soon as possible, in accordance with the Postal Service Privatization Act.
Japan Post Holdings carried out a secondary offering of the Company‘s shares in April 2019 and the Company acquired treasury stock in April 2019 and May 2021. As a result, the shareholding ratio with respect to the Company’s shares held by Japan Post Holdings has decreased to around 49.9%. Japan Post Holdings remains the parent company of the Company.
Universal Service Obligations
Under the Postal Service Privatization Act, Japan Post Holdings and Japan Post Co. are obligated to provide universal services, which include providing mail services and certain banking and life insurance services through Japan Post Co.’s post office network in a manner that preserves equal and convenient access to such services across Japan.