Partial Amendment to the Capital and Business Alliance Agreement (Removal of the Right to Nominate Directors) and Changes in Other Affiliated Companies Following a Director's Resignation
LIFENET INSURANCE COMPANY, auフィナンシャルホールディングス株式会社, KDDI株式会社
au Life Insurance, group credit life insurance, and individual insurance
As the alliance relationship moves from its introductory phase to a stable operating structure, the parties agreed to pursue a more autonomous alliance without accepting an outside director from auFH.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
auFH: directly held, 18.33%; included in aggregate, —%; total, 18.33%. KDDI: directly held, —%; included in aggregate, 18.33%; total, 18.33%. Based on the 803,275 voting rights held by all shareholders as of 30 September 2025.
auFH: directly held, 18.33%; included in aggregate, —%; total, 18.33%. KDDI: directly held, —%; included in aggregate, 18.33%; total, 18.33%. Based on the 803,275 voting rights held by all shareholders as of 30 September 2025.
The impact of this matter on the Company's results is immaterial.
Company response
Kōya Hiro (甲谷比呂), an outside director of the Company who also serves as an executive officer of auFH, will resign effective 31 March 2026. Details regarding any reduction in compensation or disciplinary action are Not disclosed.
The business alliance with the KDDI Group will remain unchanged. The parties will continue their relationship as mutually important strategic partners and will continue to pursue collaboration through both the individual insurance and group credit life insurance businesses.
If any matter requiring disclosure arises, it will be reported promptly.
| Item | Details |
|---|---|
| Event name | Partial Amendment to the Capital and Business Alliance Agreement (Removal of the Right to Nominate Directors) and Changes in Other Affiliated Companies Following a Director's Resignation |
| Date of occurrence | 31 March 2026 (date of change) |
| Subject Entity | LIFENET INSURANCE COMPANY, auフィナンシャルホールディングス株式会社, KDDI株式会社 |
| Target Locations / Products | au Life Insurance, group credit life insurance, and individual insurance |
| Cause | As the alliance relationship moves from its introductory phase to a stable operating structure, the parties agreed to pursue a more autonomous alliance without accepting an outside director from auFH. |
| Impact on Earnings Forecast | The impact of this matter on the Company's results is immaterial. |
| Directors' and officers' liability | Kōya Hiro (甲谷比呂), an outside director of the Company who also serves as an executive officer of auFH, will resign effective 31 March 2026. Details regarding any reduction in compensation or disciplinary action are Not disclosed. |
| Voting rights ownership percentage before the change | auFH: directly held, 18.33%; included in aggregate, —%; total, 18.33%. KDDI: directly held, —%; included in aggregate, 18.33%; total, 18.33%. Based on the 803,275 voting rights held by all shareholders as of 30 September 2025. |
| Voting rights ownership percentage after the change | auFH: directly held, 18.33%; included in aggregate, —%; total, 18.33%. KDDI: directly held, —%; included in aggregate, 18.33%; total, 18.33%. Based on the 803,275 voting rights held by all shareholders as of 30 September 2025. |
| Outlook | The business alliance with the KDDI Group will remain unchanged. The parties will continue their relationship as mutually important strategic partners and will continue to pursue collaboration through both the individual insurance and group credit life insurance businesses. |
| Planned follow-up disclosure | If any matter requiring disclosure arises, it will be reported promptly. |
Items this document does not state (14)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As the alliance relationship moves from its introductory phase to a stable operating structure, the parties agreed to pursue a more autonomous alliance without accepting an outside director from auFH.