Japan Post Insurance Co., Ltd. ("Japan Post Insurance"), Hoken Minaoshi Hompo Group, Inc. (“Hoken Minaoshi Hompo Group” or the “Company”), a leading insurance distributor in Japan, and KKR, a leading global investment firm, announced that Japan Post Insurance has acquired a minority stake in Hoken Minaoshi Hompo Group. This follows the acquisition of Hoken Minaoshi Hompo Group in 2025 by funds managed by KKR, which remains the majority shareholder.

Japan Post Insurance’s investment will further enable Hoken Minaoshi Hompo Group to accelerate its growth strategy and continue to scale its insurance platform in Japan through both organic growth and inorganic initiatives. Together they will explore new collaboration opportunities that leverage Hoken Minaoshi Hompo Group’s business platform and Japan Post Insurance’s expertise in insurance and customer service, including the establishment of a new outbound call center business for Japan Post Insurance from April 2026 that is supported by Hoken Minaoshi Hompo Group.

Tanigaki Kunio, Director and President, CEO, Japan Post Insurance, said, “Hoken Minaoshi Hompo Group is one of Japan’s leading insurance distributors, with a unique business model that integrates a retail shop network with call center operations. We believe the opportunity to invest in such a growing and innovative business is highly compelling and will enhance the value of our core distribution channel, the post office network, and contribute to our sustainable growth. Through this investment, we will further strengthen our strategic partnership with KKR, which began in 2023, while steadily advancing collaborative initiatives, including in our call center operations, to build a mutually beneficial relationship among the three companies, including Hoken Minaoshi Hompo Group.”

Tomoki Usui, CEO of Hoken Minaoshi Hompo Group, said, “We are proud to have received this investment from Japan Post Insurance and to have established a strong partnership that extends beyond capital to meaningful business collaboration. Through this funding, we will further enhance our service quality and strengthen our risk management framework, while accelerating our growth by leveraging our collaboration with Japan Post Insurance and KKR. Looking ahead, we will continue to deepen the partnership among the three companies, deliver sustainable value to our customers and society, and strive to further enhance our corporate value.”

Hiro Hirano, Deputy Executive Chairman of KKR Asia Pacific and CEO of KKR Japan, said, “Japan Post Insurance’s investment reflects our shared conviction in Hoken Minaoshi Hompo Group’s differentiated platform and strong growth potential. Japan Post Insurance’s support and strategic collaboration will contribute to Hoken Minaoshi Hompo Group’s scaling of its platform across the country. We are very pleased to deepen our relationship with Japan Post Insurance through Hoken Minaoshi Hompo Group.”

On September 16, 2025, KKR announced its acquisition of Hoken Minaoshi Hompo Group, through funds managed by KKR, to accelerate the Company’s growth strategy as an insurance distributor and unlock new value. In addition, Hoken Minaoshi Hompo announced the acquisition of ETERNAL Co., Ltd. (“ETERNAL”) from Tokai Tokyo Financial Holdings, Inc. on March 31, 2026. ETERNAL operates more than 40 Hoken Terrace stores located in shopping malls across Greater Tokyo, Nagoya, and Osaka.

Japan Post Insurance’s investment is not intended to lead to any distribution of Japan Post Insurance products by Hoken Minaoshi Hompo Group.