PayPay, a SoftBank Group subsidiary, to acquire 70.2% of T&D Financial Life Insurance Company

PayPay Corporation, a subsidiary of SoftBank Group Corp., has resolved to acquire a 70.2% stake in T&D Financial Life Insurance Company from T&D Holdings, Inc. The acquisition, approved by PayPay's Board of Directors on June 4, 2026, will make T&D Financial Life a subsidiary of PayPay. The transaction will be conducted for cash consideration, funded from PayPay's existing cash reserves, and is subject to regulatory approvals.