ZENKOKU HOSHO Co.,Ltd. at its board meeting held on March 19, 2018, resolved the matters concerning changes to Representative Director, as well as candidates for Directors to be proposed at the 38th Annual General Meeting of Shareholders to be held in June, 2018. These matters will officially be finalized at the Annual General Meeting of Shareholders to be held in June, 2018. The company announced the resignation of Tsutomu Matsuda as Representative Executive Director General Manager, Sales Headquarters. Mr. Tsutomu Matsuda will resign at the conclusion of the Annual General Meeting of Shareholders to be held in June 2018. The company announced the resignation of Masayuki Kojima and Eiichiro Kobayashi as Outside Directors of the company. Masahito Kamijo and Yoshiro Nagashima are candidates for Outside Director as stipulated in the Companies Act. The company announced Keiichi Asada, currently Executive Officer and Deputy General Manager, Sales Headquarters as Candidates for Directors. Keiichi Asada joined the company in February 2018. In July 2016, Keiichi Asada was Director and Vice President, GLION GROUP and Director and Vice Chairman, Hanshin BMW. Masahito Kamijo is currently Outside Director of Clarion Co. Ltd. from July 2016. Yoshiro Nagashima is Director (Outside) of KANADEN CORPORATION from June 2016.
ZENKOKU HOSHO Co., Ltd. is mainly engaged in the operation of credit guarantee business. The Companyâs guarantee products comprise three categories. The housing loan guarantees are its core products, which can meet the diverse needs of customers, such as housing acquisition funds and refinancing funds, and renovation funds and others. It acquires guarantee fees from guarantee requesters through the classification by collateral valuation and other requirements such as annual income and years of service. Education loan guarantee products guarantee the borrowings of education funds, which deal with term loans, overdraft and other formats. About the use of funds, it deals with tuition fees, exam costs and others. The apartment loan guarantee products guarantee the borrowings of construction costs of rental housing.