Q1 FY2027 IFRS Consolidated Financial Results for the Period Ended June 30, 2027

Business performance overview

In the first quarter of the fiscal year ending March 2027, LifeNet Insurance reported annualized premiums of 37,810 million yen (YoY +7.4%) and insurance revenue of 9,030 million yen (+9.8%). On the other hand, due to cost structure effects from group life and other factors, the insurance service result was 2,104 million yen, below the prior-year period, with ordinary income before tax of 2,303 million yen and net income attributable to owners of the parent of 1,637 million yen, down YoY. Financial position shows total assets of 120,166 million yen and comprehensive capital of 174,854 million yen, with ESR at 339% and internal ESR at 402%, indicating strong healthiness. There is no change to the full-year guidance, and an online earnings briefing is planned.

Shareholders and outlook

The company maintains its medium-term management target to raise comprehensive capital to between 200 billion and 240 billion yen by FY2028. As of the end of Q1, comprehensive capital was roughly flat to slightly down versus the previous term, and the company is expected to continue its growth strategy through sustainable cash generation and stable operation of the life insurance business. Preparation of a supplemental earnings presentation and holding of an earnings briefing are announced, providing investors with access to the latest results and outlook.