ＤＤNEWSRELEASE

May 14, 2024
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Growth)

Notice Regarding Changes in Management Structure
Strengthen the function of the Board of Directors as a Monitoring Board with amajority of Independent Outside Directors
TOKYO, May 14, 2024 – LIFENET INSURANCE COMPANY (TSE Growth 7157, President
Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/) announces the changes in composition ofthe Board of Directors, the Directors, and Executive Officer. These are subject to the approvalof the proposals at the 18th Annual General Meeting of Shareholders (hereafter, the “Meeting”)
scheduled to be held on June 23, 2024. The background of newly elected Director issummarized in Appendix.
1.

Change in composition of the Board of Directors
The Company has been continuously working to strengthen and enhance corporate

governance since starting business in 2008 in order to achieve sustainable growth and increase
corporate value over the medium-to long-term.
Recently, the Company will change the composition of the Board of Directors after theconclusion of the Meeting to have a majority of the members are Independent Outside Directors
with the objective of strengthening the supervisory function of the Board of Directors and further
enhancement of the separation of supervisory and executive functions. The number of Directors
will be reduced from ten (10) to seven (7) to increase the efficiency and effectiveness as aMonitoring Board. The percentage of Female Directors on the Board of Directors will be 29%,
thereby further promoting the Company’s diversity.
In addition, the independence of the Audit and Supervisory Committee will be further
reinforced as all members of the Committee will be Independent Outside Directors after theconclusion of the Meeting.
The Company aim to further strengthen and enhance corporate governance by increasing theeffectiveness of the Board of Directors.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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ＤＤ
NEWSRELEASE
2.

Changes in the Directors and Executive Officer (effective on June 23, 2024)(1) Changes in the Directors
Name
Newly Elected

Retirement

Resignation*2

Hiro Koya

New Position
Outside Director

Ryosuke Kondo

Senior Executive Officerof Partner Business
Department
Director,
LIFENET MIRAI Inc.*3

Junpei Yokozawa

Senior Executive Officerof IT Strategy
Department,
Information Systems
Planning Department,
Information Systems
Operations Department,
Data SciencePromotion Office

Takeshi Saito-Takahiro Yamasaki

Head of Audit andSupervisory Committee
Secretariat
Corporate Auditor,
LIFENET MIRAI Inc.

Current Position *1
Executive Officer,
au Financial Holdings
CorporationDirector
Executive Officer ofPartner Business
Department
Director,
LIFENET MIRAI Inc.
Director
Executive Officer of
IT Strategy Department,
Information Systems
Planning Department,
Information Systems
Operations Department,
Data Science Promotion
OfficeOutside Director
Senior Managing Director
andChief Financial Officer,
au Financial Holdings
CorporationDirector(Full-Time Audit andSupervisory Committee
Member)Corporate Auditor,
LIFENET MIRAI Inc.

*1. Current position is as of May 14, 2024.
*2. Takahiro Yamasaki will resign at the Meeting. Even with the resignation of the said Director who is an Audit andSupervisory Committee member, the number of Directors who are Audit and Supervisory Committee members is in linewith the number stipulated in relevant laws and regulations and in the Articles of Incorporation.
*3. The Directors of LIFENET MIRAI Inc., a consolidated subsidiary of the Company, are scheduled to change theirpositions as of June 25, 2024. Ryosuke Mori and Ryosuke Kondo will also serve as Directors of LIFENET MIRAI Inc.
The change in Directors of LIFENET MIRAI Inc. is announced separately in today's “Notice Regarding Changes in
Representative Director and Director of Consolidated Subsidiary”.

(2) Change in Executive Officer
Name

New Position

Current Position

Takeshi Kawasaki

Senior Executive Officerof Corporate Planning
Department,
Accounting & Actuarial
Department

Executive Officer ofCorporate Planning
Department,
Accounting & Actuarial
Department

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

2ＤＤNEWSRELEASENew management team will be as follows (effective on June 23, 2024):
Position*4

Name

Representative Directorand President

Areas of Responsibility andConcurrent Positions

Ryosuke MoriInternal Auditing Department*5Director,
Executive Vice President

Yasuhiro Koba

Business Development Department,
Product Development Department,
Creditor Insurance Business
Department, Investment Department

Outside Director

Jun Hasebe

Representative Director andPresident, Tokyo Relations Inc.

Outside Director(Newly elected)

Hiro Koya

Executive Officer,
au Financial Holdings Corporation

Keiko Hayashi

Professor Faculty of Commerce
Graduate School of Accountancy,
Waseda University

Tomoyuki Yamashita

Representative Director and President,
Aon Solutions Japan Ltd.

Emima Abe

Attorney, Miyamasuzaka the Firm Law& Accounting OfficeSenior Executive Officer

Takeshi Kawasaki

Corporate Planning Department,
Accounting & Actuarial Department

Senior Executive Officer

Ryosuke Kondo

Partner Business Department*5

Senior Executive Officer

Junpei Yokozawa

IT Strategy Department, Information
Systems Planning Department,
Information Systems Operations
Department,
Data Science Promotion Office

Executive Officer

Hiroki Ito

Direct Business Planning Department,
Contact Center

Kaoru Katada

Human Resources & General Affairs
Department, Legal Department,
Risk Management Department

Yasuhiro Hida

Marketing Department,
Brand Management Department

Tsutomu Matsuura

CX Design Department,
Customer Services Department,
Claims Department

Outside Director(Audit and SupervisoryCommittee Member)
Outside Director(Audit and Supervisory
Committee Member)
Outside Director(Audit and SupervisoryCommittee Member)

Executive Officer
CCO (Chief Compliance Officer)
CISO (Chief Information SecurityOfficer)

Executive Officer

Executive Officer

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NEWS
RELEASE*4. We plan to determine the representative director and the directors with titles at a meeting of the Board of Directors after
the conclusion of the Meeting.
*5. The Directors of LIFENET MIRAI Inc., a consolidated subsidiary of the Company, are scheduled to change their positions
as of June 25, 2024. Ryosuke Mori and Ryosuke Kondo will also serve as Directors of LIFENET MIRAI Inc.. The change
in Directors of LIFENET MIRAI Inc. is announced separately in today's “Notice Regarding Changes in Representative
Director and Director of Consolidated Subsidiary”.

(Appendix) Brief career history of newly elected Director
Name
Brief Career History(Date of Birth)
Apr. 2007
Joined KDDI CORPORATION
Oct. 2021

Deputy Manager ofCorporate Strategy Planning Department,
au Financial Holdings Corporation

Hiro Koya

Apr. 2022(July 30, 1984)

General Manager ofCorporate Strategy Planning Department,
au Financial Holdings Corporation

Apr. 2022

Director, au Asset Management Corporation

Apr. 2024

Executive Officer,
au Financial Holdings Corporation (incumbent)

About LIFENET URL： https://ir.lifenet-seimei.co.jp/en/
LIFENET INSURANCE COMPANY has developed the LIFENET Manifesto that embodies ourmission of “Help our customers embrace life more fully by offering comprehensible, costcompetitive and convenient products and services”. We have consistently delivered customeroriented products and services since our business commencement. As the leading online life
insurer, we aim to realize “a society where next generation can be nurtured with confidence inthe future”.
Contact:
Investor Relations, Corporate Planning DepartmentTel:+81-3-5216-7900
e-mail: ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation/version of the original Japanese document, prepared and provided
solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

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