Japan Airlines Co.,Ltd. [9201.T]
TOKYO, Apr 30 (Pulse News Wire) – Japan Airlines CO.,LTD. (9201.T) announced today that it has entered into a capital and business alliance agreement with Life Network Insurance Co., Ltd.
(code: 7,157). As part of this partnership, Japan Airlines plans to acquire all shares of Life Network Insurance held by au Financial Holdings (auFH) by mid-June 2026, subject to regulatory approval. The collaboration aims to leverage Japan Airlines' brand strength, customer base, and mileage assets, along with Life Network's online insurance expertise and user-friendly interface, to develop innovative insurance products and services. Both companies will work together to create new value propositions for customers through seamless integration of their offerings.
Life Network Insurance, established on October 23, 2006, currently holds a capital of ¥26.68 billion. Its major shareholder, au Financial Holdings, owns 18.32% percent of its outstanding shares. The company reported operating profits of ¥20.732 billion, ¥24.698 billion, and ¥30.081 billion for fiscal years ending March 2023, 2024, and 2025, respectively. Key milestones include the signing of the capital and business alliance agreement and share transfer contract, with the acquisition expected to be completed by mid-June 2026.
Any significant developments will be disclosed promptly.
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