Sompo Holdings invests in RIZAP Group

Today, SOMPO Holdings and RIZAP Group have entered into a capital and business alliance agreement, with the aim of realizing a society where everyone can experience well-being, a goal shared by both companies.

Purpose and Reasons

The purpose of this capital and business alliance is for SOMPO Holdings, which has a strong customer base and sales network cultivated through its insurance and nursing care businesses, and provides insurance products and services related to security, safety, and health as a group, and RIZAP Group, which has strengths in solutions that promote health through fitness and medical collaboration services, to collaborate and build an environment where each other’s customers can easily access the other’s services.

In the long term, the alliance aims to provide new products and services that leverage the strengths of both companies through the utilization of data held by both parties, with the goal of extending healthy life expectancy and realizing a society where aging can be viewed positively, as well as expanding business operations.

Details of the Capital and Business Alliance

(1) Details of the Capital Alliance

RIZAP Group will allot 29,069,767 shares of its common stock (4.87% of the total number of issued shares) to SOMPO Holdings through third-party allotment. In addition, RIZAP Corporation (hereinafter “RIZAP”), a subsidiary of RIZAP Group, will also allot common stock to SOMPO Holdings through third-party allotment and receive a payment of 20 billion yen. As a result, SOMPO Holdings’ investment ratio in RIZAP will be 23%.

(2) Details of the Business Alliance

SOMPO Holdings and RIZAP Group will engage in the following businesses to achieve the purpose of this capital and business alliance.

• Implementation of various measures to promote the use of chocoZAP and penetrate the products and services of RIZAP Group companies to SOMPO Group’s domestic customer base (approximately 25 million people).
• Implementation of various measures to penetrate the products and services of SOMPO Group companies to RIZAP Group’s customer base (approximately 1.2 million chocoZAP members), including the introduction of services provided by SOMPO Group companies to chocoZAP users.
• Research, development, and provision of new services and products tailored to customer needs and health conditions by combining SOMPO Group’s non-life insurance, life insurance, and nursing care business customers and data infrastructure with RIZAP Group’s life log data and guidance know-how, based on compliance with laws, guidelines, etc., and customer consent.
• Promotion of collaboration, including the utilization of RIZAP’s business in SOMPO’s nursing care and healthcare fields.

Future Outlook

Through this capital and business alliance, SOMPO Holdings and RIZAP Group aim to realize a society where everyone can live a physically and mentally healthy life with peace of mind, and will promote collaboration in various areas.

Furthermore, by utilizing the data, assets, and know-how possessed by both companies to research, develop, and provide services and products tailored to each customer’s environment and life stage, we aim to stay close to our customers throughout their lives and realize a “society where everyone can experience well-being.”

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