Nextage, a used car sales company headquartered in Nagoya City, announced that its president resigned on the 11th. The company has been involved in a series of cases such as fabricating automobile insurance policies in the name of friends and others, and explained that the resignation was based on this.

According to the announcement, Nextage President Koji Hamawaki submitted his resignation to the Board of Directors and received it, and resigned as president on January 11.

Nextage revealed this month that it had taken disciplinary action against a total of eight people after an employee was found to have forged a car insurance policy in the name of a friend, and an internal investigation found similar cases.

According to the company, counterfeiting was being carried out at stores where the acquisition of insurance policies was sluggish, and the company will abolish all incentive systems for employees in the future.

Nextage judged that it should operate under a new structure, and after accepting the notice of resignation, he said, "We have been working to prevent the recurrence of inappropriate cases, but in light of the social situation, the measures we have taken so far have not been sufficient, and I keenly felt that it is necessary to eliminate the factors that occur and the environment itself." and so on.

From now on, Chairman Yasuharu Hirota will also serve as president.