LIFENET INSURANCE COMPANY's Board of Directors resolved to acquire all shares of きずな少額短期保険 and make it a wholly owned subsidiary. Through this transaction, the company plans to launch a new small-amount, short-term insurance business.
LIFENET INSURANCE COMPANY announced that its Board of Directors had resolved to enter into a share transfer agreement to acquire all shares of 株式会社きずな少額短期保険 and make it a wholly owned subsidiary. Subject to obtaining approval from the relevant authorities, the company plans to launch a new small-amount, short-term insurance business.
Regarding the counterparty, きずな少額短期保険 is the subject of the transaction, which is premised on its becoming a consolidated subsidiary of LIFENET. Details including the share transfer price and the number of shares to be acquired will be disclosed when the transaction terms are announced. The company stated that there are no particular matters to report regarding capital, personnel or business relationships.
Regarding the schedule and outlook, きずな少短 is scheduled to become a consolidated subsidiary of the company from the first quarter of fiscal 2027, and expenditures related to launching the small-amount, short-term insurance business are expected to total approximately ¥390 million. Completion of the transaction is subject to satisfaction of conditions including obtaining the required legal approvals, and the schedule may change depending on whether those conditions are met.
The transaction is expected to have a limited impact on the fiscal 2026 earnings forecast. Any further matters requiring disclosure will be announced promptly.