Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
91.1
% (percentage of total shares issued)Wording
Conditional
How definitive the wording is.This transaction
Transfer of shares in this transaction (transfer of shares in a consolidated subsidiary)Counterpartyライフネットみらい株式会社 (entity conducting the share buyback), 株式会社MILIZE (joint venture partner and sole shareholder following the change), Sumitomo Mitsui Financial Group,Inc. (capital and business alliance partner), 三井住友カード株式会社 (capital and business alliance partner)
Disclosing companyLIFENET INSURANCE COMPANY
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Insurance agency services and other businesses
Location Chiyoda-ku, TokyoShare capital ¥100 millionDate of incorporation 10 May 2021
Net income for the current fiscal yearNet loss of ¥5 million (fiscal year ended March 2026)
Net assetsNet assets of ¥141 million (fiscal year ending March 2026)
Impact on Business Performance
The impact of this transaction on the Company's results for the current fiscal year is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionThe joint venture relationship will be dissolved and the company will transition to an operating structure in which MILIZE is the sole shareholder. ライフネットみらい will be excluded from the capital and business alliance agreement, resulting in a three-company structure comprising the Company, SMFG and 三井住友カード. The company name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Transfer of shares in this transaction (transfer of shares in a consolidated subsidiary) |
| Counterparty name | ライフネットみらい株式会社 (entity conducting the share buyback), 株式会社MILIZE (joint venture partner and sole shareholder following the change), Sumitomo Mitsui Financial Group,Inc. (capital and business alliance partner), 三井住友カード株式会社 (capital and business alliance partner) |
| Name of the Subject Company | ライフネットみらい株式会社 |
| Business Description of the Subject Company | Insurance agency services and other businesses |
| Location of the Subject Company | Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 10 May 2021 |
| Net Income of the Subject Company | Net loss of ¥5 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | Net assets of ¥141 million (fiscal year ending March 2026) |
| Number of shares acquired | 41,000 common shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 91.1％ (after not disclosed) |
| Impact on Business Performance | The impact of this transaction on the Company's results for the current fiscal year is expected to be immaterial. |
| Date of board resolution | 29 May 2026 |
| Contract Date | 30 August 2023 (original capital and business alliance agreement) / Date of execution of the amendment agreement: Not disclosed |
| Execution Date / Effective Date | 29 June 2026 (scheduled transaction date) |
| Management structure after acquisition | The joint venture relationship will be dissolved and the company will transition to an operating structure in which MILIZE is the sole shareholder. ライフネットみらい will be excluded from the capital and business alliance agreement, resulting in a three-company structure comprising the Company, SMFG and 三井住友カード. The company name, representative and treatment of employees: Not disclosed |
Items this document does not state (16)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.Following discussions with MILIZE regarding the future operating policy of ライフネットみらい, the joint venture relationship will be dissolved and the company will transition to an operating structure in which MILIZE is the sole shareholder.
How to read this page
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