Overview
Insurance

LIFENET INSURANCE COMPANY

LifeNet Insurance Company is Japan's leading direct-to-consumer online life insurance company, offering simple and affordable life, medical, income protection, cancer, and dementia insurance products exclusively through digital channels. The company targets primarily younger generations and child-rearing families, providing transparent pricing—including industry-first disclosure of embedded fee ratios—and fully online application and claims processes. LifeNet also partners with major corporations such as KDDI (au), Seven Financial Services, MoneyForward, and Sumitomo Mitsui Card to distribute co-branded products, and expanded into group credit life insurance for housing loan customers in 2023.

Market Cap
¥107B
US$684M
EV
¥—B
Stock¥1,335▲+0.68%
US$1 = ¥156.80 (2026-10-23)
ROE
7.9%
* LTM NI / end-of-period equity
PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-50.0%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 26, 26Effissimo Capital Management Pte. Ltd. changed stake (20.74%→21.13%)
2Apr 10, 26Effissimo Capital Management Pte. Ltd. changed stake (21.13%→21.13%)
3Apr 10, 26Effissimo Capital Management Pte. Ltd. changed stake (21.13%→21.13%)
4Apr 13, 26Effissimo Capital Management Pte. Ltd. changed stake (21.13%→21.13%)
5Apr 13, 26Effissimo Capital Management Pte. Ltd. changed stake (21.13%→21.13%)
AI Briefing
LifeNet Insurance: Japan's pioneering online-only life insurer, 630K+ policies, digital-first and capital-light distribution via KDDI, MoneyForward, SMCC tie-ups FY26/3 revenue ¥34.4B, up from ¥30.1B in FY25/3, continuing steady top-line growth as group credit life and co-branded channels scale Shareholder base notable for auFHD (18.3%) and Goldman Sachs entities (~18% combined); no tender offer in play, market read centers on digital distribution scaling and partnership economics
Performance & Balance
Revenue 5Y (¥B)
26.2US$167M'22/320.7US$132M'23/324.7US$158M'24/330.1US$192M'25/334.4US$219M'26/3
Net Income 5Y (¥B)
-3.32-US$21.2M'22/33.56US$22.7M'23/35.73US$36.6M'24/35.99US$38.2M'25/38.04US$51.3M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.76US$49.5M0.01US$0.04M'22/312.1US$77.4M0.01US$0.03M'23/324.4US$156M0.00US$0.02M'24/317.2US$110M1.29US$8.25M'25/313.6US$86.7M1.01US$6.46M'26/3
Shareholders
Top 10 hold 63.8%
1
au Financial Holdings Corporation
18.32%
2
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
14.29%
3
ARIAKE MASTER FUND (Standing Proxy: Tachibana Securities Co., Ltd.)
7.04%
4
Sumitomo Mitsui Card Company, Limited
4.99%
5
GOLDMAN,SACHS & CO.REG (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
3.76%
6
Seven Financial Service Co., Ltd.
3.73%
7
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
3.23%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.19%
9
MLI FOR SEGREGATED PB CLIENT (Standing Proxy: BofA Securities Japan Co., Ltd.)
2.93%
10
Custody Bank of Japan, Ltd. (Trust Account)
2.31%
Management
6 officers
Jumpei YOKOSAWA
Representative Director, President
Apr 2003: Joined NTT DATA NetNets Corporation (currently NTT DATA Financial Technology Corporation) May 2008: Joined the Company Apr 2018: Head of KDDI Business Division, Sales Division Apr 2021: Executive Officer, Head of System Strategy Division Jun 2021: Director, Executive Officer; in charge of Customer Service Division and System Strategy Division Jun 2023: Director, Executive Officer; in charge of System Strategy Division Jun 2024: Senior Executive Officer; in charge of IT Strategy Dept., System Planning Dept., System Operations Dept., and Data Science Promotion Office Jun 2025: Representative Director, President; in charge of Partner Business Division, IT Strategy Dept., System Planning Dept., and System Operations Dept. (current)
1980-06-18
Takeshi KAWASAKI
Director, Vice President
Apr 2002: Joined Citibank, N.A., Japan Branch (currently Citibank, N.A., Tokyo Branch) Mar 2005: Joined Nikko Cordial Securities Inc. (currently SMBC Nikko Securities Inc.) Feb 2014: Joined Enterprise Turnaround Initiative Corporation of Japan Aug 2020: Joined the Company Jul 2021: Head of Corporate Planning Dept. Jun 2022: Executive Officer; in charge of Corporate Planning Dept., Accounting Dept., and Actuarial Dept. Jun 2024: Senior Executive Officer; in charge of Corporate Planning Dept. and Accounting and Actuarial Dept. Jun 2025: Director, Vice President, CFO (Chief Financial Officer); in charge of Corporate Planning Dept., Asset Management Dept., and Accounting and Actuarial Dept. (current)
1979-04-16
Jun HASEBE
Director
Apr 1990: Joined Daiwa Securities Co. Ltd. Jul 2010: Director, Colopl, Inc. Jan 2019: Outside Director, Speee, Inc. (current) Apr 2020: Representative Director, President, Tokyo Relations Co., Ltd. (current) Apr 2020: Outside Director, dely Inc. (currently Kurashiru Inc.) (current) Nov 2020: Outside Director, Toridori Inc. (current) Jun 2022: Outside Director, the Company (current)
1965-11-09
Emima ABE
Director (Audit and Supervisory Committee Member)
Apr 2002: Joined Beacon Communications Co., Ltd. Dec 2013: Registered as an attorney-at-law Jan 2014: Joined Bookscan Co., Ltd. Nov 2015: Joined Colopl, Inc. Aug 2016: Joined Max Sogo Law Office (currently Miyamasaka The Firm Law & Accounting Office) (current) Dec 2018: Outside Director, Noevir Holdings Co., Ltd. (current) Mar 2022: Outside Director, B-R 31 Ice Cream Co., Ltd. (current) Jun 2023: Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2024: Outside Audit & Supervisory Board Member, Intermestic Inc. Mar 2026: Outside Director (Audit and Supervisory Committee Member), Intermestic Inc. (current)
1979-12-31
Tomoyuki YAMASHITA
Director (Audit and Supervisory Committee Member)
Apr 1998: Joined The Tokyo-Mitsubishi Bank, Ltd. (currently MUFG Bank, Ltd.) Feb 2000: Joined Towers Perrin (currently Willis Towers Watson) Jun 2004: Joined Goldman Sachs Securities Co., Ltd., Tokyo Branch (currently Goldman Sachs Securities Co., Ltd.) Jan 2010: Vice President, Investment Banking Division Advisory Group, Goldman Sachs Securities Co., Ltd. Mar 2012: Joined McLagan Partners Asia Inc. (currently Aon Solutions Japan Co., Ltd.) Apr 2015: Japan Country Head, McLagan Partners Asia Inc. Jan 2017: Head of McLagan and Financial Institutions Division, Aon Hewitt Japan Ltd. (currently Aon Solutions Japan Co., Ltd.) Jul 2019: Representative Director, President, Aon Hewitt Japan Ltd. Jun 2021: Outside Director (Audit and Supervisory Committee Member), the Company (current) Jan 2026: Representative Director, Co-CEO, Aon Solutions Japan Co., Ltd. (current)
1975-09-14
Natsuyo HARA
Director (Audit and Supervisory Committee Member)
Apr 1989: Joined Saitama Bank, Ltd. (currently Saitama Resona Bank, Limited) Oct 1995: Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) Apr 2000: Registered as a Certified Public Accountant Jul 2018: Head of Board Chairman's Office, Deloitte Tohmatsu Group and Deloitte Touche Tohmatsu LLC Jun 2019: D&I Leader, Deloitte Tohmatsu Group Jul 2019: Partner, Deloitte Tohmatsu Group and Deloitte Touche Tohmatsu LLC (current) Apr 2020: Audit & Assurance Talent Leader, Deloitte Asia Pacific Limited Jun 2025: Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2025: Outside Audit & Supervisory Board Member, TOMY Company, Ltd. (current) Jun 2025: Outside Director (Audit and Supervisory Committee Member), Casio Computer Co., Ltd. (current)
1966-07-06
Large Shareholding Reports
Ariake Capital Co., Ltd.
2026-09-14
7.39%→8.39%
au Financial Holdings Corporation
2026-06-22
18.33%→0.00%
Annual report (as of 2026-03-31): 18.32%
Japan Airlines Co., Ltd.
2026-06-19
18.33%
Ariake Capital Co., Ltd.
2026-05-13
7.12%→7.39%
au Financial Holdings Corporation
2026-05-01
18.33%→18.33%
Annual report (as of 2026-03-31): 18.32%
Effissimo Capital Management Pte. Ltd.
2026-04-13
21.13%→21.13%
Effissimo Capital Management Pte. Ltd.
2026-04-10
21.13%→21.13%
Effissimo Capital Management Pte. Ltd.
2026-02-26
20.74%→21.13%
au Financial Holdings Corporation
2026-01-13
18.34%→18.33%
Annual report (as of 2026-03-31): 18.32%
Ariake Capital Co., Ltd.
2025-04-15
6.08%→7.12%
Ariake Capital
2024-08-05
5.04%→6.08%
Ariake Capital
2024-08-05
5.04%
Ariake Capital
2024-06-25
5.04%
Effissimo Capital Management Pte. Ltd.
2024-05-23
19.71%→20.74%
Effissimo Capital Management Pte. Ltd.
2024-03-27
19.56%→19.71%
Effissimo Capital Management Pte. Ltd.
2024-01-09
18.73%→19.56%
Oasis Management Company Ltd.
2023-11-24
9.71%→13.22%
Effissimo Capital Management Pte. Ltd.
2023-11-07
18.59%→18.73%
Effissimo Capital Management Pte. Ltd.
2023-11-02
18.03%→18.59%
Effissimo Capital Management Pte. Ltd.
2023-10-23
17.65%→18.03%
Effissimo Capital Management Pte. Ltd.
2023-10-12
17.12%→17.65%
Effissimo Capital Management Pte. Ltd.
2023-10-03
16.86%→17.12%
Effissimo Capital Management Pte. Ltd.
2023-09-27
15.74%→16.86%
Effissimo Capital Management Pte. Ltd.
2023-09-22
16.99%→15.74%
Effissimo Capital Management Pte. Ltd.
2023-09-15
16.85%→16.99%
Effissimo Capital Management Pte. Ltd.
2023-09-15
15.73%→16.85%
Effissimo Capital Management Pte. Ltd.
2023-09-11
15.73%→15.73%
Effissimo Capital Management Pte. Ltd.
2023-08-28
15.36%→15.73%
Effissimo Capital Management Pte. Ltd.
2023-07-11
15.36%→15.36%
Oasis Management Company Ltd.
2023-06-14
6.50%→9.71%
Effissimo Capital Management Pte. Ltd.
2023-06-09
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-06-02
15.36%→15.36%
Oasis Management Company Ltd.
2023-05-31
6.50%
Effissimo Capital Management Pte. Ltd.
2023-04-11
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-04-10
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-03-27
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-03-09
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-02-22
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-01-25
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-01-12
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-01-11
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-01-10
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-01-10
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2023-01-06
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-12-19
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-12-16
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-12-09
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-12-08
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-12-06
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-12-02
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-11-16
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-11-02
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-26
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-25
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-17
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-12
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-07
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-06
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-10-05
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-08-26
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-08-23
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-08-19
15.36%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-08-10
15.37%→15.36%
Effissimo Capital Management Pte. Ltd.
2022-07-27
15.37%→15.37%
Effissimo Capital Management Pte. Ltd.
2022-07-06
15.37%→15.37%
Effissimo Capital Management Pte. Ltd.
2022-07-05
15.37%→15.37%
Effissimo Capital Management Pte. Ltd.
2022-06-30
15.37%→15.37%
Effissimo Capital Management Pte. Ltd.
2022-06-28
14.79%→15.37%
Effissimo Capital Management Pte. Ltd.
2022-06-22
13.80%→14.79%
Effissimo Capital Management Pte. Ltd.
2022-06-16
13.80%→13.80%
Effissimo Capital Management Pte. Ltd.
2022-06-15
13.80%→13.80%
Effissimo Capital Management Pte. Ltd.
2022-06-14
13.25%→13.80%
Effissimo Capital Management Pte. Ltd.
2022-06-09
13.09%→13.25%
Effissimo Capital Management Pte. Ltd.
2022-06-08
11.92%→13.09%
Effissimo Capital Management Pte. Ltd.
2022-05-31
10.80%→11.92%
Effissimo Capital Management Pte. Ltd.
2022-05-18
9.77%→10.80%
Effissimo Capital Management Pte. Ltd.
2022-04-21
9.37%→9.77%
Effissimo Capital Management Pte. Ltd.
2022-04-06
8.80%→9.37%
Effissimo Capital Management Pte. Ltd.
2022-03-22
8.21%→8.80%
Effissimo Capital Management Pte. Ltd.
2022-03-04
7.64%→8.21%
Effissimo Capital Management Pte. Ltd.
2022-01-07
7.64%→7.64%
Effissimo Capital Management Pte. Ltd.
2021-12-06
7.64%→7.64%
Effissimo Capital Management Pte. Ltd.
2021-11-05
7.64%→7.64%
Effissimo Capital Management Pte. Ltd.
2021-10-05
7.64%→7.64%
Effissimo Capital Management Pte. Ltd.
2021-09-22
6.14%→7.64%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-14
Large Shareholding Report
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Large Shareholding Report
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-16
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-01
Large Shareholding Report
EDINET
2026-04-13
Large Shareholding Report
EDINET
2026-04-10
Large Shareholding Report
EDINET
2026-02-26
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-13
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-17
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-04-15
Large Shareholding Report
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-08-05
Large Shareholding Report
EDINETAmended
2024-08-05
Change Report
EDINET
2024-06-25
Large Shareholding Report
EDINET
2024-06-18
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-23
Large Shareholding Report
EDINET
2024-03-27
Large Shareholding Report
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-01-09
Large Shareholding Report
EDINETAmended
2023-12-22
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-11-24
Large Shareholding Report
EDINET
2023-11-15
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
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