Planned formation of a capital and business alliance, termination of a capital alliance and change in a business alliance, secondary offering of shares, and changes in major shareholders and other affiliated companies
LIFENET INSURANCE COMPANY, au Financial Holdings Co., Ltd., KDDI Corporation, and Japan Airlines Co.,Ltd.
14,726,100 shares of the Company’s common stock, the Company’s insurance products and services, and the sales structure for the Company’s insurance products operated by the JAL Group
The agreement between auFH and JAL to transfer 14,726,100 shares of the Company’s common stock owned by auFH to JAL. The change to the business alliance with the KDDI Group reflects changes in the business environment, including digitalization and advances in generative AI technology.
The amount is Not disclosed. The impact on results for the fiscal year ending March 2027 is minor.
Fiscal year ending March 2027 (the period specified as subject to the impact on results)
The impact of this matter on the Company’s results for the fiscal year ending March 2027 is minor.
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.
JAL: 0 voting rights (0%). auFH: 147,261 voting rights (18.33%). Reference date: 31 March 2026.
JAL: 147,261 voting rights (18.33%). auFH: 0 voting rights (0%). Reference date: 31 March 2026.
Related procedures
Approval procedures relating to a major shareholder of an insurance company (a condition for completion of the transfer) and filing of a securities notice
Director of the Kanto Local Finance Bureau (recipient of the securities notice). The name of the approval authority for the major shareholder of an insurance company is Not disclosed.
The transfer is scheduled to be completed in late June 2026, subject to the satisfaction of conditions including JAL obtaining approval relating to a major shareholder of an insurance company. Following completion, the parties will proceed with the joint development and sale of insurance products with JAL and the establishment of a sales structure, while continuing to collaborate with the KDDI Group under a new business alliance relationship.
| Item | Details |
|---|---|
| Event name | Planned formation of a capital and business alliance, termination of a capital alliance and change in a business alliance, secondary offering of shares, and changes in major shareholders and other affiliated companies |
| Date of occurrence | 30 April 2026 (date of the Board of Directors resolution and date of execution of the capital and business alliance agreement with JAL) |
| Date recognized / date notice received | 30 April 2026 (date on which auFH reported the agreement to transfer its shares of the Company’s common stock to JAL) |
| Subject Entity | LIFENET INSURANCE COMPANY, au Financial Holdings Co., Ltd., KDDI Corporation, and Japan Airlines Co.,Ltd. |
| Target Locations / Products | 14,726,100 shares of the Company’s common stock, the Company’s insurance products and services, and the sales structure for the Company’s insurance products operated by the JAL Group |
| Cause | The agreement between auFH and JAL to transfer 14,726,100 shares of the Company’s common stock owned by auFH to JAL. The change to the business alliance with the KDDI Group reflects changes in the business environment, including digitalization and advances in generative AI technology. |
| Amount of Impact on Business Performance | The amount is Not disclosed. The impact on results for the fiscal year ending March 2027 is minor. |
| Accounting period in which recognized | Fiscal year ending March 2027 (the period specified as subject to the impact on results) |
| Impact on Earnings Forecast | The impact of this matter on the Company’s results for the fiscal year ending March 2027 is minor. |
| Type of litigation or proceeding | Approval procedures relating to a major shareholder of an insurance company (a condition for completion of the transfer) and filing of a securities notice |
| Court or authority | Director of the Kanto Local Finance Bureau (recipient of the securities notice). The name of the approval authority for the major shareholder of an insurance company is Not disclosed. |
| Voting rights ownership percentage before the change | JAL: 0 voting rights (0%). auFH: 147,261 voting rights (18.33%). Reference date: 31 March 2026. |
| Voting rights ownership percentage after the change | JAL: 147,261 voting rights (18.33%). auFH: 0 voting rights (0%). Reference date: 31 March 2026. |
| Outlook | The transfer is scheduled to be completed in late June 2026, subject to the satisfaction of conditions including JAL obtaining approval relating to a major shareholder of an insurance company. Following completion, the parties will proceed with the joint development and sale of insurance products with JAL and the establishment of a sales structure, while continuing to collaborate with the KDDI Group under a new business alliance relationship. |
Items this document does not state (11)
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.The direct trigger was the agreement between au Financial Holdings and JAL to transfer the shares. In light of changes in the business environment, including digitalization and advances in generative AI technology, the relationship with the KDDI Group will change to an alliance without a capital relationship to enable faster decision-making and optimal resource allocation. With JAL, LIFENET INSURANCE COMPANY aims to accelerate its embedded strategy and drive business growth by leveraging JAL's customer base of approximately 41 million people and its brand strength.