Complex sentence: The New Komeito Party was founded in 1998, and has been allied with the Liberal Democratic Party (LDP) since 1999, in 2014 the New Komeito was renamed Komeito again.
Split into simpler sentences: The New Komeito Party was founded in 1998 and has been allied with the Liberal Democratic Party (LDP) since 1999. In 2014 the New Komeito was renamed Komeito again.