# LIFENET INSURANCE COMPANY: business model and financials

> Latest period: FY ending Mar 2026, consolidated, IFRS
> Unit: JPY millions
> Sources: 有価証券報告書－第20期(2025/04/01－2026/03/31) (S100YC7R)
> Page: https://vizora.meequs.com/en/company/lifenet-insurance
> Retrieved: 2026-09-30T22:17:19.863Z

## Company

Lifenet Insurance Company, founded in 2006, is a company in Life Insurance listed on TSE Prime. It has 242 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | LIFENET INSURANCE COMPANY |
| Ticker | 7157 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7157.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区二番町5番地25二番町センタービル |
| Representative (per filing) | 代表取締役社長 横澤 淳平 |
| Founded | Oct 2006 |
| Share capital | ¥26.7B |
| Employees (consolidated) | 242 |
| Average salary (parent only) | ¥8.3M |
| Fiscal year end | March |
| Website | ir.lifenet-seimei.co.jp (https://ir.lifenet-seimei.co.jp/) |
| Corporate number | 4010001112418 |
| EDINET | E26327 |
| Industries (Vizora) | Life Insurance |

> Profile source: annual securities report (S100YC7R, filed 2026-06-16). As of filing

## Key points (generated from figures)

- Lifenet Insurance Company brought in ¥34.4B in revenue.
- Revenue changed +14.3% from the prior year.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥34388000000 → ¥8040000000
- Net income → operating cash flow: ¥8040000000 → ¥8820000000（difference ¥780000000）
- Main uses of operating cash flow: CapEx ¥830000000 / dividends — / buybacks ¥0
- Change in cash: ¥-3637000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥34.4B |  |
| Operating income | — | Margin — |
| Net income | ¥8.04B | Margin 23.4% |
| Free cash flow | ¥7.99B |  |
| Employees (consolidated) | 242 |  |
| EPS | ¥100.11 |  |
| Book value per share | ¥279.81 |  |
| Equity ratio | 78.5% | Derived from disclosed figures |
| Shares outstanding | 80,340,768 |  |
| Treasury shares | 400 |  |
| Shareholders | 4,427 |  |
| Average salary (parent only) | ¥8.3M | Filing company only |
| Cash ratio | 11.2% | Cash ÷ revenue 39.5% |
| ROE | 8.6% | Derived from disclosed figures |
| ROA | 6.8% | Derived from disclosed figures |

## What changed in 4 years

Accounting standard changed in FY2023; percentage changes are omitted.

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥26167000000 | ¥34388000000 | — |
| Employees | 174 people | 242 people | — |
| Cash and equivalents | ¥7761000000 | ¥13598000000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2022 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 34,388 | 100.0% | S100YC7R |
| Pretax income | 11,389 | 33.1% | S100YC7R |
| Income tax | 3,349 | 9.7% | S100YC7R |
| Net income | 8,040 | 23.4% | S100YC7R |
| Net income attributable to owners | 8,041 | 23.4% | S100YC7R |

Operating income is not available as a machine-readable numeric value for this company. See the income statement table in its filing.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 30,081 | 34,388 | 4,307 | +14.3% |
| Net income attributable to owners | 5,993 | 8,041 | 2,048 | +34.2% |
| Operating cash flow | 7,279 | 8,820 | 1,541 | +21.2% |
| Free cash flow | 6,102 | 7,990 | 1,888 | +30.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 16,850 | — | — | -2,400 | 1,613 | 1,199 | S100LISF |
| FY ending Mar 2021 | 20,789 | — | — | -3,114 | 2,937 | 2,107 | S100OB3H |
| FY ending Mar 2022 | 26,167 | — | — | -3,319 | 2,783 | 2,267 | S100QZPT |
| FY ending Mar 2023 | 30,268 | — | — | -5,164 | 2,705 | 2,121 | S100QZPT |
| FY ending Mar 2023 | 20,732 | — | — | 3,562 | 2,681 | 2,031 | S100YC7R |
| FY ending Mar 2024 | 24,698 | — | — | 5,734 | 6,016 | 5,233 | S100YC7R |
| FY ending Mar 2025 | 30,081 | — | — | 5,993 | 7,279 | 6,102 | S100YC7R |
| FY ending Mar 2026 | 34,388 | — | — | 8,041 | 8,820 | 7,990 | S100YC7R |

## People and productivity（FY ending Mar 2026, consolidated, IFRS）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥142.1M |
| Net income per employee (consolidated) | ¥33.2M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2023 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 208 | 208 | 224 | 239 | 242 |
| Average salary (parent company) | ¥7.8M | — | ¥8M | ¥8.3M | ¥8.3M |
| Average age (parent company) | 40.7 years | — | 41.2 years | 41.6 years | 41.8 years |
| Average tenure (parent company) | 5.2 years | — | 5.6 years | 6.1 years | 6.3 years |

Year over year: Employees (consolidated) +1.3% · Revenue (consolidated) +14.3%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 8,820 | 25.6% | S100YC7R |
| Capital expenditure | 830 | 2.4% | S100YC7R |
| Free cash flow | 7,990 | 23.2% | 算出 |
| Investing cash flow | -12,181 | -35.4% | S100YC7R |
| Financing cash flow | -282 | -0.8% | S100YC7R |
| Share buyback | 0 | 0.0% | S100YC7R |
| Change in cash | -3,637 | -10.6% | S100YC7R |
| Cash and equivalents | 13,598 | 39.5% | S100YC7R |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 12,137 | 24,423 | 17,234 | 13,598 | S100VYH0, S100YC7R |
| Total assets | 93,814 | 112,417 | 116,178 | 121,834 | S100TNBX, S100VYH0, S100YC7R |
| Net assets | 75,704 | 90,882 | 92,120 | 95,610 | S100VYH0, S100YC7R |
| Share capital | 21,676 | 26,617 | 26,652 | 26,675 | S100TNBX, S100VYH0, S100YC7R |
| Property, plant and equipment | 70 | 62 | 549 | 427 | S100TNBX, S100VYH0, S100YC7R |
| Total liabilities | 18,110 | 21,535 | 24,058 | 26,223 | S100TNBX, S100VYH0, S100YC7R |
| Equity attributable to owners of parent | 75,687 | 90,870 | 92,109 | 95,600 | S100TNBX, S100VYH0, S100YC7R |
| Retained earnings | 27,747 | 33,481 | 39,475 | 47,516 | S100TNBX, S100VYH0, S100YC7R |
| Treasury stock | 0 | 0 | 0 | 0 | S100TNBX, S100VYH0, S100YC7R |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 11% | S100YC7R |
| Property, plant and equipment | 0% | S100YC7R |
| Other assets | 89% | S100YC7R |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 22% | S100YC7R |
| Equity | 78% | S100YC7R |
| Other liabilities | 0% | S100YC7R |

### Balance sheet history

| Metric | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Total assets | 93,814 | 112,417 | 116,178 | 121,834 |
| Equity | 75,704 | 90,882 | 92,120 | 95,610 |
| Interest-bearing debt | — | — | — | — |
| Cash | 12,137 | 24,423 | 17,234 | 13,598 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 1.2% | S100YC7R |
| Fixed assets ÷ total assets | 0.4% | S100YC7R |
| Goodwill ÷ parent equity | — | —, S100YC7R |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 11.2% |
| Cash ÷ revenue | 39.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 779 JPY mn (of net income 9.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 2.4% |
| Investing CF relative to operating CF | 138.1% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | — | —× | — | —× | — | S100QZPT |
| 2023 | 17.2% | 0.22× | 3.8% | 1.24× | 4.7% | S100TNBX, S100YC7R |
| 2024 | 23.2% | 0.24× | 5.6% | 1.24× | 6.9% | S100VYH0, S100YC7R |
| 2025 | 19.9% | 0.26× | 5.2% | 1.25× | 6.6% | S100YC7R |
| 2026 | 23.4% | 0.29× | 6.8% | 1.27× | 8.6% | S100YC7R |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| auフィナンシャルホールディングス株式会社 | Major shareholder | 18.3% | 2026-03-31 |
| GOLDMAN SACHS INTERNATIONAL (常任代理人 ゴールドマン・サックス証券株式会社) | Major shareholder | 14.3% | 2026-03-31 |
| ARIAKE MASTER FUND （常任代理人 立花証券株式会社） | Major shareholder | 7.0% | 2026-03-31 |
| 三井住友カード株式会社 | Major shareholder | 5.0% | 2026-03-31 |
| GOLDMAN,SACHS & CO.REG （常任代理人 ゴールドマン・サックス証券株式会社） | Major shareholder | 3.8% | 2026-03-31 |
| 株式会社セブン・フィナンシャルサービス | Major shareholder | 3.7% | 2026-03-31 |
| UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 3.2% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社(信託口) | Major shareholder | 3.2% | 2026-03-31 |
| MLI FOR SEGREGATED PB CLIENT (常任代理人 BOFA証券株式会社) | Major shareholder | 2.9% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 2.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第20期(2025/04/01－2026/03/31) | S100YC7R | 2026-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YC7R,, |
| 有価証券報告書－第19期(2024/04/01－2025/03/31) | S100VYH0 | 2025-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VYH0,, |
| 有価証券報告書－第18期(2023/04/01－2024/03/31) | S100TNBX | 2024-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNBX,, |
| 有価証券報告書－第17期(2022/04/01－2023/03/31) | S100QZPT | 2023-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZPT,, |
| 有価証券報告書－第16期(令和3年4月1日－令和4年3月31日) | S100OB3H | 2022-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OB3H,, |
| 有価証券報告書－第15期(令和2年4月1日－令和3年3月31日) | S100LISF | 2021-06-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LISF,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| 三井住友FG | Capital alliance | 保険商品と決済サービスの連携を目的とした資本業務提携（三井住友カードも当事者） | S100YC7R |
| 三井住友カード株式会社 | Capital alliance | 三井住友フィナンシャルグループとともに結ぶ資本業務提携 | S100YC7R |
| JAL | Capital alliance | auフィナンシャルホールディングスから株式を譲り受けることを条件に始まる資本業務提携（取締役候補者の推薦など） | S100YC7R |
| auじぶん銀行株式会社 | Alliance | 住宅ローンの団体信用生命保険の引受けに関する業務提携 | S100YC7R |
| KDDI | Alliance | 業務提携（auフィナンシャルホールディングスとの資本提携は日本航空への株式譲渡で解消予定、業務提携契約は一部変更予定） | S100YC7R |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).