Prudential Japan Unit Employees Misconduct, CEO to Resign
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Prudential's Japan unit Prudential Life Insurance said earlier that more than 100 of its present and former employees have engaged in inappropriate conduct towards customers. The number of victims of fraudulent deals conducted by the company's current and former employees stood at over 500. To take responsibility for the scandal, Prudential Life President and CEO Kan Mabara will step down as of February 1. Mabara will be succeeded by Hiromitsu Tokumaru, president and CEO of Prudential Gibraltar Financial Life Insurance. Prudential Life Insurance found an additional 106 staff had conducted financial misconduct not directly related to Prudential products, improperly receiving 1.63B yen during employment and 1.45B yen after resignation. Shares of Prudential are down 1% to $114.91 in midday trading.
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Analyst Views on PRU
Wall Street analysts forecast PRU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRU is 120.00 USD with a low forecast of 113.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
0 Buy
8 Hold
0 Sell
Hold
Current: 107.690
Low
113.00
Averages
120.00
High
125.00
Current: 107.690
Low
113.00
Averages
120.00
High
125.00
About PRU
Prudential Financial, Inc. is a financial services provider and global investment manager. The Company offers a range of financial products and services, including life insurance, annuities, retirement-related products and services, mutual funds, and investment management. It offers these products and services to individual and institutional customers through its own and third-party distribution networks. It operates in the United States, Asia, Europe and Latin America. Its segment includes PGIM, U.S. Businesses, International Businesses, and Corporate and Other operations. The PGIM segment provides investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies, to institutional and retail clients and its general account. The U.S. Businesses segment consists of the retirement strategies, group insurance and individual life products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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PURE HomeRiver Merger Creates Largest SFR Management Company, Managing Over 40,000 Properties
- Merger Creates Largest Company: The merger of PURE Property Management and HomeRiver Group forms PURE HomeRiver, managing over 40,000 properties across 35 states, aiming to simplify rental and investment experiences while enhancing market competitiveness.
- Financing Support: With $80 million in financing from PGIM, PURE HomeRiver is set to accelerate acquisitions and technology investments, driving innovation in rental management and resident experience, thereby strengthening its leadership position in the industry.
- Tech-Driven Platform: The new platform combines PURE's AI technology with HomeRiver's national service network, aiming to reduce complexity through unified operational data, thus enhancing satisfaction for both investors and residents while driving business growth.
- Future Expansion Plans: The company plans to pursue 100 acquisitions in the future, aiming to become a nationally recognized property management brand, leveraging technological and scale advantages to create greater value for clients.
Continue Reading