NEWS RELEASE
June 28, 2019
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Mothers)

Matters Concerning Controlling Shareholder
TOKYO, June 28, 2019 – LIFENET INSURANCE COMPANY (TSE Mothers 7157, President
Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/) hereby announces the following mattersconcerning controlling shareholder, etc. with respect to KDDI CORPORATION (“KDDI”), which is its
other associated company.
1. Trade names, etc. of other associated company(As of March 31, 2019)
Ratio of voting rights (%)
NameRelationship

KDDICORPORATION

Other
associatedcompany

DirectIndirectownershipownership

25.02-Total

25.02

Financial instruments exchanges, etc.,
where issued share certificates arelisted
1st section of Tokyo Stock Exchange

2. Relationship between Lifenet and its other associated company
Lifenet and KDDI entered into a capital and business alliance agreement on April 20, 2015. KDDIis a major shareholder in Lifenet, the largest shareholder, with holdings of 25.02% voting rights ofLifenet, as well as an “insurance company’s major shareholder” as defined under Insurance
Business Act, and Lifenet’s other associated company whose one of employees serves concurrently
as an Outside Director at Lifenet. In addition, KDDI has been selling Lifenet’s insurance products
since 2016 as an insurance agent for Lifenet. Adequate independence is ensured in this relationshipas Lifenet implements its own business activities and decision-making based on independent
managerial judgments without being subject to any special restrictions from KDDI. The Director’s
concurrent positions are as shown below.
(As of June 28, 2019)
Position

NameDirectorYasuhiro(Outside)

MoritaPosition at otherassociated company*
Managing Executive Officer,
au Financial Holdings
Corporation

Reasons for appointment
Due to his extensive experience and awealth of expertise as the officer in charge ofnew business at KDDI CORPORATION andas management in a financial firm

*au Financial Holdings Corporation is an intermediate financial holding company of KDDI. Yasuhiro Morita is on
secondment to au Financial Holdings Corporation from KDDI.

3. Matters relating to transactions with controlling shareholder, etc.
There are no important matters to be reported in fiscal 2018.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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NEWS RELEASE
About LIFENET (URL： https://ir.lifenet-seimei.co.jp/en/)
Remembering the original purpose of life insurance - mutual support - LIFENET INSURANCECOMPANY was founded with the goal of offering simple, convenient and competitively priced
products and services based on the highest levels of business integrity. We sell these products andservices directly to customers over the Internet, and by doing so, are able to offer highly costcompetitive products and accept applications from customers at all hours of the day.
Contact:
Investor Relations, Corporate Planning Department
Tel:+81-3-5216-7900
e-mail: ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation of the original Japanese document, prepared and provided solely forreaders' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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