Takata Chairman and CEO Shigehisa Takada bows during a press conference regarding the expanding recall of his company's air bags in Tokyo on June 25, 2015. Takada apologized to shareholders of the company at the center of a defect scandal that has resulted in recalls of 33.8 million air bags. (AP Photo/Shuji Kajiyama)

(Bloomberg) – Takata Corp. President Shigehisa Takada made his first public apology for the eight deaths and hundreds of injuries related to the company’s air bags dating back more than a decade.

Takada, 49, bowed and apologized at a press briefing in Tokyo after the company’s annual shareholders meeting Thursday. He said the auto-parts maker is considering ways to help victims, including by setting up a fund to compensate them.

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