GMO Financial Holdings acquires LASHIC insurance, enters new market

GMO Financial Holdings (TSE:7177) announced its decision on December 8, 2025, to acquire all outstanding shares of LASHIC Small-Amount Short-Term Insurance Co., Ltd., making it a wholly-owned subsidiary. This strategic move aims to establish a foundation in the small-amount short-term insurance business, expanding GMO-FH's presence beyond its existing financial services like stocks, FX, CFD, and cryptocurrency trading. The acquisition will leverage the combined strengths of life and non-life insurance, with a total acquisition cost of JPY 94 million, including approximately JPY 9 million for due diligence.

The transaction involves the acquisition of 39,850 shares, representing 100% of LASHIC's voting rights. LASHIC, whose capital is JPY 82.75 million, will become a specified subsidiary as GMO-FH's capital will exceed 10% of LASHIC’s capital.

LASHIC, established on April 28, 2008, recorded a net asset value of JPY 8,585 thousand and total assets of JPY 30,264 thousand as of March 2025. The share transfer is expected to be completed in January 2026, pending regulatory approvals. The impact on GMO-FH's consolidated performance is anticipated to be minor for the time being.