Lifenet Insurance Company announced a private placement of 5,940,100 common shares at an issue price of ¥954 per share for the gross proceeds of ¥3,723,366,600 on August 30, 2023. The transaction will include participation from new investors, au Financial Holdings Corporation and Sumitomo Mitsui Card Co., Ltd. The transaction is expected to close on September 14, 2023, to September 15, 2023. The shares will be issued through third-party allotment method.