LIFENET INSURANCE COMPANY [7157.T]
TOKYO, Apr 30 (Pulse News Wire) – Lifenet Insurance Company (7157.T) announced today that it has acquired all shares of Au Financial Holdings (AFH) from KDDI Group. AFH holds ordinary shares totaling 14,726,100 (equivalent to 18.32%) in Lifenet Insurance.
The transaction price per share is ¥2,000. Additionally, Lifenet Insurance entered into a strategic partnership with Japan Airlines (JAL) aimed at enhancing its 'Embedded' strategy within the life insurance sector. Under the capital and business alliance agreement with JAL, Lifenet Insurance will leverage JAL's customer base and loyalty programs such as miles to develop tailored insurance products.
The deal is expected to close in late June 2026, subject to regulatory approvals. Meanwhile, Lifenet continues its existing collaboration with KDDI Group to expand its digital presence and lower-cost insurance offerings through KDDI’s extensive customer network and technological capabilities. These partnerships aim to accelerate growth towards achieving the company’s mid-term targets, including increasing embedded value and expanding into non-airline sectors.
Lifenet projects reaching a target equity-to-capital ratio of 1,670 by fiscal year 2028, with a targeted annual growth rate of 10% per share.
🟢 Confidence: High AI-translated content.