Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
390
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.This transaction
This transactionCounterpartyOta Takaaki (太田孝昭)
Disclosing companyLIFENET INSURANCE COMPANY
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Small Amount and Short-Term Insurance Business
Location Naka-ku, Nagoya, Aichi PrefectureShare capital ¥96 million, including capital reservesDate of incorporation 13 July 2022
Net Sales¥1.836 million (fiscal year ending March 2026; ordinary revenue)
Net income for the current fiscal yearA net loss of ¥22.951 million (fiscal year ending March 2026)
Net assets¥26.397 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceThe acquisition price is not disclosed pursuant to an agreement with the counterparty.
Impact on Business Performance
The impact on the company's earnings forecast for fiscal 2026 (the fiscal year ending March 2027) is expected to be immaterial.
Procedures and assumptions
Valuation methodologyThe amount was reasonably calculated after conducting due diligence within the company, reviewing recent comparable transactions and confirming the reasonableness of the amount.
Conditions Precedent to ExecutionFulfillment of the prescribed conditions, including obtaining approval under the Insurance Business Act and other applicable laws and regulations to make a small-amount, short-term insurance provider a subsidiary of the company.
Management structure after acquisitionきずな少短 is expected to become a consolidated subsidiary of the company from the first quarter of fiscal 2027 (the fiscal year ending March 2028). The corporate name, representative and treatment of employees are Not disclosed.
| Item | Details |
|---|---|
| Transaction name | This transaction |
| Counterparty name | Ota Takaaki (太田孝昭) |
| Name of the Subject Company | 株式会社きずな少額短期保険 |
| Business Description of the Subject Company | Small Amount and Short-Term Insurance Business |
| Location of the Subject Company | Naka-ku, Nagoya, Aichi Prefecture |
| Capital Stock of the Subject Company | ¥96 million, including capital reserves |
| Date of Establishment of the Subject Company | 13 July 2022 |
| Net Sales of the Subject Company | ¥1.836 million (fiscal year ending March 2026; ordinary revenue) |
| Net Income of the Subject Company | A net loss of ¥22.951 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥26.397 million (fiscal year ending March 2026) |
| Acquisition price | The acquisition price is not disclosed pursuant to an agreement with the counterparty. |
| Number of shares acquired | 212,620 shares (number of voting rights: 212,620) |
| Voting rights ownership percentage | Before －％ → after 100％ |
| Impact on Business Performance | The impact on the company's earnings forecast for fiscal 2026 (the fiscal year ending March 2027) is expected to be immaterial. |
| Date of board resolution | 15 October 2026 |
| Contract Date | 15 October 2026 |
| Execution Date / Effective Date | April 2027 (scheduled) |
| Valuation methodology | The amount was reasonably calculated after conducting due diligence within the company, reviewing recent comparable transactions and confirming the reasonableness of the amount. |
| Conditions Precedent to Execution | Fulfillment of the prescribed conditions, including obtaining approval under the Insurance Business Act and other applicable laws and regulations to make a small-amount, short-term insurance provider a subsidiary of the company. |
| Management structure after acquisition | きずな少短 is expected to become a consolidated subsidiary of the company from the first quarter of fiscal 2027 (the fiscal year ending March 2028). The corporate name, representative and treatment of employees are Not disclosed. |
Items this document does not state (12)
Operating Profit of the Subject CompanyExpenses 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)Independent valuation institutionSpecial Committee
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 transaction is intended to leverage the flexible product development capabilities, system infrastructure and license of the small-amount, short-term insurance business to provide small-scale, easy-to-use insurance products to customers of the company's business partners in a flexible and timely manner.
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