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July 04, 2025
 

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SOMPO

Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings posted record consolidated net profits for the second straight year in fiscal 2024, which ended in March, driven by gains from the sale of cross-held shares, according to their earnings reports.
BUSINESS / Companies
May 21, 2025
All three major Japanese nonlife insurers log record net profits
Net profit went up some 1.5 times to ¥1,055.2 billion at Tokio Marine Holding.
Tokio Marine Holdings and other large non-life insurers are facing pressure to sell cross-held shares to improve their governance.
BUSINESS / Companies
Feb 17, 2025
Japan insurers sell $11 billion cross-held shares ahead of plans
The insurers are facing pressure to improve their governance after regulators fined them for coordinating adjustments in insurance fees in advance for companies.
A Nippon Express facility in Tokyo
BUSINESS / Companies
Dec 7, 2024
Fraudulent transport insurance claims found at Nippon Express
The offices falsified data and documents related to insurance contracts and claimed insurance money for cargoes without insurance contracts.
Pedestrians walk past the Financial Services Agency headquarters in Tokyo.
JAPAN
Aug 31, 2024
Over 2.5 million sets of info leaked from four Japan nonlife insurers
Of the total, employees on loan were found to have been involved in about 240,000 cases, including for contracts for corporate customers.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
A general shareholders meeting is held at Sompo Holdings in Tokyo on Monday.
BUSINESS / Companies
Jun 24, 2024
Japan nonlife insurers apologize to shareholders over scandals
Leaders of three major Japanese nonlife insurers apologized at their respective general shareholders meetings over scandals rocking the industry.
Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024
Four general insurance firms punish 132 people over price-fixing
The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023
FTC inspects nonlife insurers over alleged joint contract cartel
The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
JAPAN
Jan 18, 2023
Japan firm defends Van Gogh ownership after lawsuit
The artwork was purchased by the predecessor of insurance firm Sompo Holdings at Christie's in London for $40 million, making it briefly the world's most expensive painting.
Japan Times
CULTURE / Art
May 31, 2016
A liberating walk through the woods
Painters and trees have a lot in common. Both are light-catchers: the painter looks at the world around him and tries to capture it, while a tree catches the light in order to grow. Trees are also part of the world that many artists see and often depict. So, there is quite a lot of synergy at the Togo...
Japan Times
CULTURE / Art
Feb 16, 2016
'Face 2016: Sompo Japan Nipponkoa Art Award Exhibiton'
Feb. 20-March 27
Japan Times
CULTURE / Art
Oct 6, 2015
First impressions of the late impressionists
Any great story tends to focus on a limited number of characters, with everybody else either reduced to anonymity or the status of extras. In literary fiction or movies this is never a problem, but when the narrative is a historical one, it can lead to a certain amount of neglect and unfairness.
Japan Times
CULTURE / Art
Sep 1, 2015
'The Last Impressionists: Time of Intimacy'
Sept. 5-Nov. 8
Japan Times
CULTURE / Art
May 19, 2015
Experience was not the mother of wisdom
It's something of a truism that the life of an artist heavily influences his or her work. No exhibition makes this clearer than "Utrillo & Valadon" at the Seiji Togo Memorial Sompo Japan Nipponkoa Museum of Art, which pairs the art of Maurice Utrillo, the famous painter of Parisian cityscapes, and his...
Japan Times
CULTURE / Art
Apr 14, 2015
'Exposition Suzanne Valadon et Maurice Utrillo'
April 18-June 28
Japan Times
CULTURE / Art
Jan 8, 2015
'Quintet: Five-Star Artists'
This second installment of the museum's "Quintet" series features five Japanese up-and-coming artists — Naoko Tomioka, Fumie Hiratai, Etsuko Iwao, Ayako Mizumura and Aki Yamamoto. Seventy oil and acrylics artworks are being showcased under this year's theme of resonance, with depictions of ethereal...
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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