Lifenet Insurance Company (7157) investor relations material

Executive summary

• Achieved strong growth in individual life insurance, with annualized premium of policies-in-force reaching ¥36,386mn, up 9.1% year-over-year, driven by targeted product strategies and service enhancements.

• Insurance service results rose 21.8% year-over-year to ¥8,758mn, and net income increased to ¥6,240mn, reflecting favorable claims experience and operational improvements.

• Comprehensive Equity reached ¥174,507mn, up 5.6% year-over-year, indicating robust corporate value growth.

• Upward revision of full-year forecasts for insurance service results and net income, supported by lower-than-expected claims and continued business expansion.

• Insurance revenue for the nine months ended December 31, 2025, rose 15.1% year-over-year to ¥25,380mn.

Financial highlights

• Insurance service results for the cumulative 3Q were ¥8,758mn (+21.8% YoY), and net income was ¥6,240mn (+25.9% YoY).

• Net income before income taxes was ¥8,781mn, up 27.6% year-over-year.

• Comprehensive Equity reached ¥174,507mn, up 5.6% year-over-year.

• Financial results improved to ¥334mn from a loss of ¥67mn in the prior year, mainly due to higher interest income and recovery from FX losses.

• Operating expenses ratio declined to 14.8% (from 16.7% in FY2024), reflecting improved cost efficiency.

Outlook and guidance

• Revised FY2025 forecasts: insurance service results to ¥11,200mn (+14% vs. previous forecast), net income to ¥7,800mn (+13%).

• Annualized premium of policies-in-force forecasted at ¥37,100mn for FY2025.

• Insurance revenue forecast remains unchanged at ¥33,000mn.

• Mid-term management goal for FY2028: Comprehensive Equity of ¥200-240bn and stock price target of ¥3,000+.