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Sompo Japan to Cut Cross-Shareholdings to Zero by End-FY2030

Feb. 29, 2024, 7:52 AM UTC
Ryotaro Nakamaru
Ryotaro Nakamaru

Sompo Japan says it plans to reduce cross-shareholdings to zero by the end of fiscal 2030.

  • Parent Sompo Holdings Group CEO Kengo Sakurada to take 50% pay cut for 6 months; Group COO Mikio Okumura to take 30% pay cut, also for 6 months

To contact the reporter on this story:
Ryotaro Nakamaru in Tokyo at rnakamaru1@bloomberg.net

To contact the editors responsible for this story:
Yusuke Miyazawa at ymiyazawa3@bloomberg.net

Go Onomitsu

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