Lifenet Insurance Company
Notice Regarding Partial Amendment to Capital Alliance Agreement (Removal of Director Nomination Rights) and Changes in Other Affiliated Companies Following Director Resignation
As of March 31, 2026, au Financial Holdings' director nomination rights for Lifenet Insurance Company are removed and its outside director Mr. Hiro Katani has resigned. Consequently, auFH and KDDI no longer qualify as other affiliated companies, but the 18.32% shareholding remains unchanged, and business alliance continues.
Key Figures
- Number of shares held by au Financial Holdings: 14,726,100 shares (as of 2026-03-31)
- Shareholding ratio of au Financial Holdings: 18.32% (as of 2026-03-31)
- Board of Directors composition: 6 members (including 4 independent outside directors)
AI要約
Overview of Amendment to Capital Alliance Agreement
Lifenet Insurance Company has removed the director nomination rights of au Financial Holdings Inc. (auFH) under the capital alliance agreement effective March 31, 2026. Additionally, Mr. Hiro Katani, who served as an outside director of auFH, has resigned. As a result, auFH and its wholly owning parent company, KDDI Corporation, no longer qualify as other affiliated companies of Lifenet. However, there is no change to auFH’s 18.32% shareholding in Lifenet, and the business alliance with the KDDI Group will continue.
Shareholders and Future Outlook
auFH will continue to be a major shareholder, holding 14,726,100 shares (18.32%) and maintaining the business alliance with the KDDI Group. The Board of Directors will remain composed of six members (including four independent outside directors) with no change to governance structure after the resignation. The impact of this matter on business performance is expected to be minor, and any significant developments will be promptly disclosed.
