T&D Holdings, Inc.

T&D Holdings, Inc. provides insurance products and services in Japan through its subsidiaries. It offers death benefit and medical/nursing care coverage to household customers via in-house sales representatives, and term life, disability benefit, and other products to small and medium enterprises through in-house representatives and agents. Savings-type products are distributed through financial institutions and insurance shops in the independent insurance agent market. The company also operates in the closed book, asset management, and pet insurance businesses. Incorporated in 2004, it is headquartered in Tokyo, Japan.

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PayPay Subsidiary to Acquire 70% Stake in T&D Financial Life Insurance

PayPay Corp., a subsidiary of SoftBank Group, has approved the purchase of a 70.2% stake in T&D Financial Life Insurance from T&D Holdings. The transaction, approved by PayPay's board on June 5, will make T&D Financial Life a subsidiary of PayPay and is expected to be funded from PayPay's current cash reserves. Upon completion, T&D Financial Life will become a SoftBank Group subsidiary and is anticipated to be recognized as a designated subsidiary of SoftBank Group, as its capital will account for at least 10% of SoftBank Group's capital. Separately, One Investment Management has proposed acquiring a 14.9% stake in T&D Financial Life through its affiliate OneIM Indigo Holdings.

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