Lifenet Insurance Company · TSE:7157
Lifenet Insurance — Q1 FY2025 Earnings Presentation
27 slides from Lifenet Insurance's earnings presentation, Aug 13, 2025
Slide 1: 1Q Financial Results Briefing for the Fiscal Year Ending March 2026
LIFENET INSURANCE COMPANY 1Q Financial Results Briefing for the Fiscal Year Ending March 2026 August 13, 2025 [Speaker] Junpei Yokozawa President and Representative Director Takeshi Kawasaki Director, Executive Vice President, CFO
Slide 2: Presentation
Presentation Yokozawa: Thank you very much for taking time out of your time today to participate in LIFENET INSURANCE's financial results briefing for Q1 of FY2025. My name is Yokozawa, and I was appointed President and Representative Director at the Annual General Meeting of Shareholders in June of
Slide 3: Direction of the new management team
Let us get started. Please refer to page 1. We are pleased to present the direction of new management team. First, we will maximize the use of technology to deliver the “Ultimate Insurance Experience” and gain a competitive advantage. In addition to strengthening our own brand, we will achieve high
Slide 4: President's brief biography
The second page will be my brief biography. I joined Lifenet as a systems engineer almost as soon as we commenced business in 2008. I have experience not only in the systems area, but also in customer service and the launch of KDDI business. I will continue to make great strides in our business. Cop
Slide 5: Strategy of the new management team
I will now explain the strategy of the new management team. Copyright© LIFENET INSURANCE COMPANY All rights reserved. 4
Slide 6: New management team starting June 2025
Please refer to page 4. This is our new management team, starting in June 2025. First, I will lead the transformation as the driving force of the business, and Mr. Kawasaki, Executive Vice President, as CFO, will be responsible for financial strategy and dialogue with the capital market from the per
Slide 7: Creating the online life insurance market
Please refer to page 5. We have broken the common sense in Japan that life insurance is bought from a person, and have created a new market of “Online Life Insurance”, where customers can take procedures by themselves anytime, anywhere, utilizing the internet. As online finance expands, we are expan
Slide 8: Evolving to the next generation model
We will challenge ourselves to take full advantage of this innovation and move online life insurance forward. By essentially evolving from the opening model, we aim to become “the next generation model”, as described on the right side of the slide, and become the customer's choice. Copyright© LIFENE
Slide 9: The Ultimate Insurance Experience
Please refer to page 6. Creating this moving experience is what I consider to be the “Ultimate Insurance Experience” possible. To this end, as shown in the lower part of the slide, it is important to consider the customer as the starting point for everything, as expressed in our manifesto of “Sincer
Slide 10: Tech & Services and Rebranding initiatives
Please refer to page 7. Here we explain a specific initiative to create the “Ultimate Insurance Experience” and to improve the value created and deliver it to more customers. First, in our priority area, “Tech & Services”, we will focus on leveraging technology more than ever before to create produc
Slide 11: New distribution area with Advance Create
Finally, at the bottom left of the slide is the new distribution area that we will be expanding. This challenge will enable us to deliver the “Ultimate Insurance Experience” to customers who want to compare products from multiple life insurance companies, which is difficult for LIFENET INSURANCE, th
Slide 12: Overview of the mid-term business plan
Please refer to page 8. This is an overview of the mid-term business plan. The management policy and mid-term business plan announced in May 2024 are not planned to be changed at this time. In FY2028, the final year of the mid-term business plan, we will strive to reach JPY200- 240 billion in Compre
Slide 13: Overview of Q1 financial results
These are the strategies of the new management team. Next, Mr. Kawasaki, who was appointed as Vice President, CFO in June, will provide an overview of the Q1 financial results. Copyright© LIFENET INSURANCE COMPANY All rights reserved. 12
Slide 14: Q1 FY2025 results highlights
Kawasaki: I am Kawasaki. I will provide an overview of the financial results for Q1 of FY2025. Please refer to page 10. Comprehensive Equity, the most important management indicator of corporate value, increased by 5.8% from the end of the same period last year to JPY170,460 million. Next, annualize
Slide 15: Annualized premium of policies-in-force
Please refer to page 11. Annualized premium of policies-in-force, our growth indicator, totaled JPY35,214 million as of June 30, 2025. The growth continued to be strong with an increase of 19.3% compared to the end of the same period last year. Copyright© LIFENET INSURANCE COMPANY All rights reserve
Slide 16: Quarterly change in policies-in-force
Page 12 shows the change in policies-in-force on a quarterly basis. Growth in individual life has been hard time for the past two years, but since the beginning of 2025, the Company has been able to create good momentum through its own sales efforts, etc., and is now on a steady recovery trend. The
Slide 17: IFRS income statement summary
Next, please look at page 13. From here we move on to an explanation of financial reporting under IFRS. To give you the overview, please see a summary of our IFRS-based income statement. To put it simply, insurance service results is the equivalent of so-called operating profit. For a life insurance
Slide 18: Movement of insurance service results
Please refer to page 14. The following graph shows the movement of insurance service results. Over the five-year period, except for FY2022, which saw a sharp increase in COVID-related benefit payments, insurance services results have grown steadily, reaching JPY2,945 million in Q1 of FY2025. The Com
Slide 19: Factors in insurance service results increase
Please refer to page 15. This is the reason for the 25.8% increase in the variable in insurance service results from JPY2,340 million in Q1 of last fiscal year to JPY2,945 million in Q1 of the current fiscal year. The table on the left shows the components of insurance service results, and the graph
Slide 20: Progress of GCL performance
Next is the progress of GCL performance. Please refer to page 16. Two years have passed since au Jibun Bank began offering group credit life insurance to its mortgage customers in July 2023. You can see that we are growing as a strong contribution to our key indicators of Comprehensive Equity, annua
Slide 21: Movement in management indicators: Comprehensive Equity
Page 17 shows movement in management indicators. In FY2024, the management goal was changed to Comprehensive Equity. Therefore, Comprehensive Equity (CE) has been disclosed from the end of March 2024. At the end of June 2025, Comprehensive Equity was JPY170,406 million, with a high CAGR of 18% since
Slide 22: Factors contributing to changes in Comprehensive Equity
Page 18 analyzes the factors contributing to changes in CE for the three-month period, end-March to end-June 2025. The steady recording of new business CSM, GCL contracts value and the recording of net income contributed to the change in management efforts, and grew to JPY169,722 million. These, tog
Slide 23: New initiatives in priority areas
Please refer to page 19. From this point forward, we will introduce new initiatives in the priority areas of our mid-term business plan. As explained in the first part, we aim to establish a dominant position as a leading online life insurance company by delivering the “Ultimate Insurance Experience
Slide 24: Change to the Tokyo Stock Exchange Prime Market
Please refer to page 20. In July 2025, we changed our market to the Tokyo Stock Exchange Prime Market. We have long told our shareholders and investors that we aim to list our shares on the Prime Market by the end of FY2025, and we would like to once again thank everyone for their support to date. A
Slide 25: Efforts to improve market valuation
Next, I will explain our effort to improve market valuation. Please refer to page 21. Over the past several years, we have been aware of the issue of P/CE ratio, which corresponds to P/B ratio for general companies, continuously being below 1x and have been striving to improve the evaluation by the
Slide 26: Business forecast
Please refer to page 22. The business forecast remains unchanged from that announced in the May earnings announcement. We will continue to closely monitor both individual insurance and GCL, as claims and other payments can be a major variable factor in forecasts. Copyright© LIFENET INSURANCE COMPANY
Slide 27: Closing remarks
Finally, please refer to page 23. Under the new management team, we will further focus on the priority area of “Tech & Services” to deliver the “Ultimate Insurance Experience” to as many customers as possible, thereby achieving overwhelming competitive advantage and high growth. This aligns with our
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