Lifenet Insurance Company · TSE:7157
Lifenet Insurance — Q2 FY2025 Earnings Presentation
20 slides from Lifenet Insurance's earnings presentation, Nov 13, 2025
Slide 1: 2Q Financial Results Briefing for the Fiscal Year Ending March 2026
LIFENET INSURANCE COMPANY 2Q Financial Results Briefing for the Fiscal Year Ending March 2026 November 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 your time today to participate in LIFENET INSURANCE's financial results briefing for Q2 of FY2025. Today, I would like to begin by explaining key topics in our announcement. After that, Mr. Kawasaki, Director, Executive Vice President, CFO, will give an
Slide 3: Highlights of Q2 financial results for FY2025
Let’s get started. First, this slide shows the highlights of Q2 financial results for FY2025. Comprehensive Equity (“CE”), the most important management indicator of corporate value, increased by 6.4% from the end of the same period last year to JPY175,566 million. Next, annualized premium of polici
Slide 4: Priority area initiatives: Tech & Services
Please refer to page 3. Since my inauguration as President, we have accelerated our initiatives in the priority area of "Tech & Services." First, the capital and business alliance with Advance Create Co., Ltd., which we illustrate on the left side, is aimed at providing the "Ultimate Insurance Exper
Slide 5: Launch of new Term Cancer Insurance
Please refer to page 4. Today, we announced the launch of our new Term Cancer Insurance products, "Lifenet Term Cancer Insurance" and "Lifenet Term Cancer Insurance for women," starting December 2025. Leveraging our high business efficiency as an online life insurer, we pioneered the "Term- type" ma
Slide 6: Re-growth of individual life insurance
Please refer to page 5. Over the past two years, we recognized the slowdown in the growth pace of our individual life insurance as a major management challenge, and we have been implementing various initiatives to address it. The bar chart shown on the left illustrates the net increase in annualized
Slide 7: New GCL partner: Kyoto Shinkin Bank
Please refer to page 6. Regarding our GCL business, we previously communicated our aim to establish an alliance with a new partner during FY2025. We have now concluded a business alliance agreement with Kyoto Shinkin Bank, which will be our second partner of GCL business. We will proceed with cooper
Slide 8: Overview of the mid-term business plan
Please refer to page 7. This is an overview of the mid-term business plan. Through the initiatives in our priority areas that I have just explained, we aim to reach JPY200-240 billion in Comprehensive Equity in FY2028, the final year of the mid-term business plan. This concludes my explanation. Now,
Slide 9: Annualized premium of policies-in-force
Kawasaki: This is Kawasaki. I will now explain the financial results for Q2 of FY2025. First, annualized premiums for policies-in-force at the end of September 2025 continued to grow strongly, increasing 10.0% from the end of the same period last year to JPY35,805 million. . Copyright© LIFENET INSUR
Slide 10: Quarterly change in policies-in-force
Page 10 shows the change in policies-in-force on a quarterly basis. As Mr. Yokozawa mentioned earlier, we highly evaluate the fact that individual insurance has achieved a strong recovery since FY2025. As GCL is a business that truly embodies "Embedded," one of our priority areas, its growth is infl
Slide 11: IFRS profit and loss summary
Please refer to page 11. From here we move on to our financial reporting under IFRS. This is a summary of the IFRS-based P&L statement. Insurance service results correspond to the operating profit in general business companies. For a life insurance company like us which mainly focused on protection
Slide 12: Trend of insurance service results
Please refer to page 12. This slide shows the trend of insurance service results. Over the last five years, excluding FY2022 when COVID-related benefit payments sharply increased, the insurance service results has been growing steadily, reaching JPY6,089 million for the cumulative period of Q2 FY202
Slide 13: Factors driving insurance service results
Please refer to page 13. This slide analyzes the factors driving the approximately JPY 1.5 billion increase in insurance service results—from JPY 4,565 million in the cumulative second quarter of the previous fiscal year to JPY 6,089 million in the current second quarter. Table on the left shows the
Slide 14: Update on GCL business
Please turn to page 14 for an update on our GCL business. GCL, provided to au Jibun Bank mortgage loan borrowers, is a strong contributor to our key performance indicators: Comprehensive Equity, annualized premium of policies-in- force, and insurance service results. Going forward, starting with the
Slide 15: Changes in management indicators: Comprehensive Equity
Page 15 shows changes in management indicators. Comprehensive Equity, management indicator, has been disclosed from the end of March 2024. As of the end of September 2025, CE reached JPY 175,566 million, achieving a high CAGR of 18% since our IPO. The line graph shows the change in CE per share. The
Slide 16: Factors in change of Comprehensive Equity
Please refer to page 16. This slide analyzes the factors contributing to the change in Comprehensive Equity for the six-month period from the end of March 2025 to the end of September 2025. In this first half, the growth of Comprehensive Equity resulted from two key factors: “Unrealized gains on str
Slide 17: FY2025 business forecasts
Please refer to page 17. There are no changes to our FY2025 business forecasts announced in May 2025. For the annualized premium of policies-in-force, while the slow net increase in GCL business is recognized as a challenge, we will strive to accelerate growth through both individual life and GCL se
Slide 18: Indicators related to market valuation
These are the movement of indicators related to our market valuation. The graph on the left side of this slide shows changes in Comprehensive Equity and CE per share, which represent corporate value. The graph on the right side shows the price/CE per share, which is the ratio of the stock price divi
Slide 19: Approach to improving P/CE ratio
Please refer to page 20. We recognize that improving the P/CE ratio requires addressing both efforts to enhance CE, which represents corporate value, and efforts to improve market valuation. Regarding the enhancement of corporate value shown on the left, we are promoting initiatives aimed at scaling
Slide 20: Closing remarks
Finally, please refer to page 21. We will continue to focus on the initiatives in our priority areas, aiming to achieve the JPY 200–240 billion CE target set out in our mid-term business plan. We hope that all our shareholders and investors will look forward to our new challenges and continue to sup
Lifenet Insurance Company — Q2 FY2025 Earnings Presentation on 6ix