Report on the 621st Meeting of the Board of Directors 24 June 2024 No.24-006 Tweet Download PDF (365KB) To the Members The 621st Meeting of the Association’s Board of Directors was held on 21 June 2024. The main decisions of the Meeting are as follows; 1. The 74th Ordinary General Meeting of the Members The Board approved the convening of the 74th Ordinary General Meeting of the Members at the Kaiun Club, Tokyo at 16:00 on 24 July 2024. 2. Agenda of the 74th Ordinary General Meeting of the Members The Board approved the following report and proposals for inclusion in the agenda of the Ordinary General Meeting. Report: The Business Report for the 74th business year (from 1 April 2023 to 31 March 2024); Proposals: To approve an Inventory, Balance Sheet, Income and Expenditure Account, and proposals for the disposition of the surplus for the 74th business year (from 1 April 2023 to 31 March 2024) To amend Plan of Business Operations To elect Members to the Board of Directors and to appoint the Auditors To approve the payment of a retirement bonus to the retiring directors To authorise the Board of Directors to handle decisions made at the General Meeting of the Members. Details of the above items can be found in the “Notice of the 74th Ordinary General Meeting of the Members”, which will be sent by post to the Members, along with enclosures. The outline of the financial results for the 2023 business year (the above Proposal 1) is as follows: In the 74th business year, our focus continued on improving our equity capital and balance of income and expenditure. The balance of insurance income and expenditure has improved through various measures. However, it has not reached the desired level yet. Moreover, the business environment for our Club remained uncertain, with claims becoming more expensive, due to continued global inflation and war risks, notably the Russia-Ukraine war and the Israeli-Palestinian conflict. Because of these factors, we have applied a general increa