Lifenet Insurance Company · TSE:7157
Lifenet Insurance — Q1 FY2026 Earnings Presentation
22 slides from Lifenet Insurance's earnings presentation, Aug 12, 2026
Slide 1: 1Q Financial Results Briefing for the Fiscal Year Ending March 2027
LIFENET INSURANCE COMPANY 1Q Financial Results Briefing for the Fiscal Year Ending March 2027 August 12, 2026 [Speaker] Junpei Yokozawa President and Representative Director Takeshi Kawasaki Director, Executive Vice President, CFO
Slide 2: Presentation
Presentation Yokozawa: Thank you very much for joining LIFENET INSURANCE COMPANY's financial results briefing for the first quarter of fiscal 2026 today. Executive Vice President, CFO Kawasaki and I will present an overview of the financial results. Let us now begin the presentation. Copyright© LIFE
Slide 3: First quarter fiscal 2026 financial results highlights
Please turn to page 2. Here are the highlights of the financial results for the first quarter of fiscal 2026. First, Comprehensive Equity (CE), our most important management indicator representing corporate value, reached JPY 174,854 million, up 2.6% compared to the end of the same period of the pre
Slide 4: Capital and business alliance with JAL
Please turn to page 3. Regarding the capital and business alliance with JAL announced this April, the capital transaction was completed in June, and concrete setup of operational structures is advancing. This alliance aligns the growth strategies of both companies: strengthening "Embedded" in our mi
Slide 5: Progress on mid-term business plan priority areas
Please turn to page 4. This slide shows the progress of initiatives based on the three priority areas in our mid-term business plan. In the priority area "Tech & Services," we developed and promoted the adoption of in- house AI agents, leading to productivity improvements. Recently, we held an AI ha
Slide 6: Embedded priority area results
Finally, in the priority area "Embedded," we saw significant results in the first quarter. In individual life insurance, sales through major partners such as KDDI and Sumitomo Mitsui Card contributed to performance. I would like to reiterate that even after the dissolution of the capital alliance, K
Slide 7: Mid-term business plan overview
Please turn to page 5. This is an overview of the mid-term business plan. By steadily executing initiatives based on the three priority areas just explained, we will continue striving toward achieving Comprehensive Equity of JPY 200 to 240 billion in fiscal 2028, the final year of the plan. This con
Slide 8: Annualized premium of policies-in-force
Kawasaki: This is Kawasaki. Thank you. Please turn to page 7. Annualized premium of policies-in-force, our growth indicator, reached JPY 37,810 million as of June 30, 2026. This represents a 7.4% increase compared to the end of the same period of the previous fiscal year, maintaining steady growth.
Slide 9: Quarterly movement of policies-in-force
Page 8 shows the quarterly movement of policies-in-force. As President Yokozawa explained earlier regarding the growth of our individual life insurance business, we are continuing to build strong momentum through our two main pillars: direct business and partner business. On the other hand, the net
Slide 10: Summary IFRS statement of profit or loss
Next, please turn to page 9. From here, we will move on to the explanation of financial reporting under IFRS. First, to provide an overall picture, we show a summary IFRS statement of profit or loss. Insurance service results correspond to what is called operating profit/loss and for a life insuranc
Slide 11: Trend in insurance service results
Please turn to page 10. This shows the trend in insurance service results. In the first quarter of fiscal 2026, insurance service results stood at 71.5% of the same period of the previous fiscal year, when payments for claims and benefits were exceptionally favorable. The progress rate against the f
Slide 12: Factors changing insurance service results
Please turn to page 11. This page analyzes the factors changing insurance service results by 28.5%, from JPY 2,945 million in 1Q of the previous fiscal year to JPY 2,104 million in 1Q of the current fiscal year. The table on the left shows the components of insurance service results, and the graph o
Slide 13: Progress of GCL business
Next is the progress of our GCL business. Please turn to page 12. GCL provided to mortgage loan borrowers at au Jibun Bank is steadily making contributions, accounting for around 20% of GCL contracts value within Comprehensive Equity— representing the value of future profits—as well as annualized pr
Slide 14: Movement of key management indicators
Page 13 shows the movement of key management indicators. Comprehensive Equity (CE) as of June 30, 2026, was JPY 174,854 million, and CE per share was JPY 2,176, representing a slight decrease of approximately JPY 1,300 million compared to JPY 176,149 million as of March 31, 2026. The background of t
Slide 15: Analysis of changes in Comprehensive Equity
Page 14 presents an analysis of changes in Comprehensive Equity over the three-month period from March 31 to June 30, 2026. Under management efforts on the left side of the graph, we view positively that we accumulated JPY 726 million in new business CSM. On the other hand, gains from management eff
Slide 16: Link between Comprehensive Equity and P&L
Page 15 explains the mechanism connecting Comprehensive Equity and the P&L, as we frequently receive questions regarding this relationship during dialogues with investors. As shown in the center, CSM expansion in individual life insurance is realized as profit through CSM release and ultimately reco
Slide 17: Full-year consolidated business forecasts
Please turn to page 16. We maintain our full-year consolidated business forecasts for fiscal 2026 announced in May. We evaluate progress in annualized premium of policies-in-force as largely on track with expectations and will continue aiming for growth through both individual life insurance and GCL
Slide 18: Market valuation indicators and PCE ratio
Next, I will explain the measures we are taking to improve our market standing. Please turn to page 17. This chart shows various indicators related to our company's market valuation over time. The graph on the left shows trends in Comprehensive Equity (CE), representing corporate value, and CE per s
Slide 19: Initiatives to increase the PCE ratio
Please turn to page 18. This slide explains our initiatives to increase the PCE ratio by addressing both Enhancing corporate value and Improving market valuation. Under Enhancing corporate value on the left, we will increase the probability of sustainable growth by expanding business scale through a
Slide 20: First Integrated Report published
Please turn to page 19. As an initiative to strengthen dialogue with the capital market, we published our first Integrated Report aimed at deepening understanding of our mid- to long-term value creation. By communicating our strategic story to deliver the "Ultimate Insurance Experience" from both fi
Slide 21: Drivers of future Comprehensive Equity growth
Yokozawa: This is Yokozawa. Please turn to page 20. As top management, there is significant room for improvement regarding the recent slight decline in Comprehensive Equity and current market valuation, considering our mid- to long-term growth potential. I will explain the drivers to translate this
Slide 22: Closing remarks and Comprehensive Equity target
Finally, please turn to page 21. By executing these initiatives steadily and realizing competitive advantage and high growth, we will aim to reach Comprehensive Equity of JPY 200 to 240 billion set in our mid-term business plan. We ask our shareholders and investors to look forward to Lifenet's new
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