Notice on Capital and Business Alliance with Lifenet Insurance Company

Overview of Capital and Business Alliance

Japan Airlines Co., Ltd. (JAL) has resolved to enter into a capital and business alliance with Lifenet Insurance Company by concluding a share transfer agreement to acquire 14,726,100 common shares (18.32% shareholding) of Lifenet Insurance from its major shareholder, au Financial Holdings Corporation. The acquisition is scheduled for late June 2026, subject to conditions including obtaining necessary approvals related to major insurance shareholders. Both companies will merge JAL’s brand strength, customer base, and assets such as mileage, with Lifenet Insurance’s expertise in the online life insurance business to jointly develop new insurance products and establish a sales framework.

Future Outlook and Schedule

Through this capital and business alliance, the JAL Group aims to expand its business beyond the aviation sector into financial and commerce fields. By leveraging Lifenet Insurance’s key area “Embedded,” both companies will promote the provision of new value capitalizing on their respective customer bases. The share acquisition is planned for late June 2026, and any necessary disclosures will be promptly announced going forward.