[English Translation]
January 27, 2012
Corporate Name: NKSJ Holdings, Inc. Name of the Representative: Makoto Hyodo,
Chairman and CEO Name of the Representative: Masatoshi Sato,
President and CEO
(Securities Code: 8630 TSE, OSE)
Notice Regarding Entry into the Assistance Services Business
NKSJ Holdings, Inc. ("The Company", President: Masatoshi
Sato) announced today a decision to enter the assistance
services business. The Company will establish a joint venture
with Prestige International Inc. ("Prestige International",
President: Shinichi Tamagami), Japan's largest private-sector
assistance services company.
1. Objective for Entering the Assistance Services
Business
The assistance business is highly compatible with NKSJ
Group's core business of Property & Casualty (P&C) insurance.
It involves arranging for vehicle towing and repair services
on behalf of customers of insurance and other companies when
they require emergency repair or have trouble.
The Company's goal in entering the assistance business is to
provide a wide range of high-quality assistance services to
improve the NKSJ Group's insurance products and meet customer
needs, using the expertise and infrastructure of Prestige
International.
To this end, the two companies will establish a joint
venture, and plan to begin roadside assistance operations for
automobile insurance policyholders at Sompo Japan Insurance
Inc. and Nipponkoa Insurance Co., Ltd. from October 2012.
The joint venture is also examining options for expanding
assistance operations to other areas outside of roadside
assistance in the future. It aims to provide comprehensive
assistance functions by enhancing accident response services
for customers in the P&C insurance business and expanding the
ways in which it adds value.
The Company considers the assistance services business to be
central to the NKSJ Group's new service business. By
providing products and services that meet customers' needs
quickly and precisely without being hindered by the
restrictions of the insurance business, the Company aims to
improve its corporate value.
2. Outline of the Joint Venture
(1) Company Name
Prime Assistance Inc.
(2) Head Office
Tokyo
(3) Date of Establishment
April 2, 2012
*Assuming that the relevant authorities will grant approval,
operations are planned to start in
October 2012.
(4) Main Business Activity
Roadside assistance business
*Expansion into home assistance, business process outsourcing
for call centers for extended guarantee systems, and other
options are being considered for the future.
(Business process outsourcing involves entrusting in-house
business processes to outside companies.)
(5) Paid-in Capital
¥450 million
(6) Shareholder composition and holding
Shareholder | Holding |
NKSJ Holdings, Inc. | 66.6% |
Prestige International Inc. | 33.4% |
3. Outlook
The impact of establishing the joint venture on the Company's
consolidated financial results for the fiscal year ending
March 31, 2012 will be negligible.
(end)
(Reference) Overview of Joint Venture Partner (As of March
31, 2011)
Company Name | NKSJ Holdings, Inc. | Prestige International Inc. |
Head Office Location | 26-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo | 1-4 Kojimachi, Chiyoda-ku, Tokyo |
Business Activities | Management of P&C insurance companies, life insurance companies, and other companies controlled as subsidiaries pursuant to the Insurance Business Law, and other operations incidental thereto. | Business Process Outsourcing Service - Roadside Assistance - Insurance - CRM (Customer Relationship Management) - Card - Property Assistance - IT - Temporary Workers / Others |
Paid-in Capital | ¥100 billion | ¥986.47 million |
Date of Establishment | April 1, 2010 | October 30, 1986 |
End of Business Year | March | March |
Number of Consolidated Employees | 34,203 | 1,629 |
distribué par | Ce noodl a été diffusé par NKSJ Holdings Inc. et initialement mise en ligne sur le site http://www.nksj-hd.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-27 10:34:09 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Notice Regarding Entry into the Assistance Services Business |