GMO Financial Holdings is set to acquire LASHIC Short-Term Insurance to enhance its service offerings and enter the insurance market, with an acquisition valued at 94 million yen.

Information on the Target

GMO Financial Holdings, a prominent internet securities firm, has announced its intention to acquire LASHIC Short-Term Insurance, a Shizuoka-based company specializing in short-term insurance and related services, including damage insurance brokerage. LASHIC recorded an ordinary revenue of 37.9 million yen, an ordinary loss of 4.93 million yen, and net assets of 8.58 million yen for the fiscal year ending March 2025. The acquisition price for the transaction is set at 94 million yen, pending regulatory approvals, with the acquisition expected to finalize after January 2026.

This acquisition marks a strategic move for GMO Financial Holdings as it diversifies its offerings in the financial sector by entering the insurance industry, further solidifying its position as a comprehensive internet financial group.

Industry Overview in Japan

The insurance industry in Japan is characterized by a rich history and a robust regulatory environment. It has seen significant growth driven by increasing consumer demand for diverse insurance