LIFENET INSURANCE COMPANY [7157.T]
TOKYO, Jun 18 (Pulse News Wire) – Lifenet Insurance Company (7157.T) completed the share transfer of its common stock to Japan Airlines Corporation (JAL). As a result, JAL now holds 14,726,100 shares, representing approximately 12.04% of the total outstanding shares, making it a major stakeholder.
This transaction marks the beginning of a capital and operational partnership between the two companies. Prior to the transfer, au Financial Holdings (auFH) was the primary shareholder with 14,726,100 shares, holding around 12.04% of the total outstanding shares. Following the completion of the transfer, auFH is no longer considered a major shareholder of Lifenet Insurance.
In addition to the share transfer, Lifenet Insurance plans to appoint a director recommended by JAL during its upcoming shareholders' meeting scheduled for March 31, 2026. With the appointment, JAL will become a related party of Lifenet Insurance under the equity method, further solidifying their relationship. The impact of this transaction on Lifenet Insurance's performance is expected to be minor.
For more detailed information on the changes in related parties, refer to the April 30, 2026, press release titled “Capital Business Alliance Formation, Capital Alliance Dissolution, Business Alliance Change, Equity Sale, and Changes in Major Shareholders and Other Related Parties.”.
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