Lifenet Insurance Company (7157) Corporate presentation summary

Transaction overview

• Japan Airlines will acquire 18.32% of shares from au Financial Holdings for 29.4 billion yen, aiming to combine online insurance expertise with JAL's brand and customer base.

• The alliance with KDDI Group continues, focusing on delivering high-satisfaction insurance products using Lifenet's online know-how and KDDI's digital ecosystem.

• Both alliances are designed to expand business and create new value in life insurance through embedded strategies.

Strategic initiatives and growth

• The "Embedded" strategy aims to deliver insurance products seamlessly through partner ecosystems, deepening engagement and expanding partnerships.

• JAL will sell Lifenet products, co-develop insurance offerings, and leverage its 41 million loyalty members and brand power.

• KDDI partnership will continue to scale, offering individual and group credit life insurance, including products for au users and mortgage loan customers.

• Expansion into other ecosystems, such as SMBC Group, is planned to further grow sales channels.

Financial targets and business plan

• The mid-term business plan targets FY2028 financial goals of ¥200-240 billion and a stock price of ¥3,000+, with an annual CE per share growth rate of approximately 10%.

• Growth is expected to accelerate through the new JAL alliance and ongoing KDDI collaboration.