LIFENET INSURANCE COMPANY will acquire all shares of Kizuna Short-Term Insurance, based in Nagoya, and make it a subsidiary. The acquisition is expected to take place between April and June 2028, and the acquisition price has not been disclosed.
LIFENET INSURANCE COMPANY, an online-only life insurer, announced that it will acquire all shares of Kizuna Short-Term Insurance, which operates a short-term insurance business, and make it a subsidiary. This will enable LIFENET to enter the short-term insurance sector.
The acquisition is expected to take place between April and June 2028, and the acquisition price has not been disclosed. Kizuna Short-Term Insurance is based in Nagoya and sells Kizuna Death Insurance, which provides cover for funeral expenses and living costs.
For the fiscal year ended March 2026, Kizuna Short-Term Insurance reported ordinary income of ¥1.83 million, an ordinary loss of ¥22.7 million and net assets of ¥26.3 million.