January 11, 2024
Company name:Name of representative:
Inquiries:

LIFE CORPORATION
Takaharu Iwasaki, Representative
Director and President(Securities Code: 8194)
Kazuo Kaneko, Executive Officer,
Deputy Division COO, Corporate
Finance and Accounting Division,and General Manager, Investor
Relations Department(Telephone: +81-3-5807-5111)

Notice Concerning Revisions to Earnings Forecasts and Year-End Dividend Forecast
LIFE CORPORATION (the “Company”) hereby announces that the consolidated and non-consolidated earnings
forecasts for the fiscal year ending February 29, 2024 (from March 1, 2023 to February 29, 2024), disclosed on
April 10, 2023, were revised at the meeting of the Board of Directors held on January 11, 2024 as described below.
In addition, the Company announces that it has also revised the forecast for year-end dividend, which has a record
date of February 29, 2024.
●Revisions to Earnings Forecasts
Revisions to full-year consolidated earnings forecasts for the fiscal year ending February 29, 2024 (fromMarch 1, 2023 to February 29, 2024)
Profit attributableto owners ofEarnings per shareparent

Operating revenue

Operating profit

Ordinary profitMillions of yen

Millions of yen

Millions of yen

Millions of yen

Previously announced
forecasts (A)801,000

19,80020,50013,500288.02

Revised forecasts (B)809,800

22,20023,00015,000319.63

Change (B-A)

8,800

2,400

2,500

1,500

–

Change (%)

1.1

12.1

12.2

11.1

–

765,426

19,14820,015

13,327284.35(Reference) Actual
consolidated results for theprevious fiscal year
(Fiscal year ended February
28, 2023)

Yen

Revisions to full-year non-consolidated earnings forecasts for the fiscal year ending February 29, 2024 (fromMarch 1, 2023 to February 29, 2024)
Operating revenue

Ordinary profit

ProfitMillions of yen

Millions of yen

Millions of yen

Previously announced
forecasts (A)800,700

20,10013,250282.69

Revised forecasts (B)809,600

22,60014,750314.30Change (B-A)

8,900

2,500

1,500

–

Change (%)

1.1

12.4

11.3

–

765,240

19,683

12,977276.87(Reference) Actual results forthe previous fiscal year
(Fiscal year ended February28, 2023)-1-

Earnings per share
YenReason for revision
So far in the fiscal year ending February 29, 2024, sales performance has progressed favorably in both newstores and existing stores due to such efforts as creating sales spaces and developing products to meet diverse
needs and achieving growth in the online supermarkets. Moreover, the Company’s group-wide initiatives forcost optimization (“kaizen” activities) have also borne fruit. Accordingly, the Company expects performancefrom operations in terms of both revenue and profit to exceed the previously announced forecasts. The bottomlines are also expected to exceed the previously announced forecasts, taking into account costs (extraordinarylosses) related to the relocation of Tokyo headquarters.
(Note)●As the above forecasts are based on information currently available as of the date of this document’s release, actual
results may differ from forecasted figures due to a variety of factors going forward.

Revisions to Dividend Forecasts
Annual dividends
First quarter-end

Second quarterend

Third quarter-end

Yen

Yen

Yen

Fiscal year-end
Yen

Total
Yen

Previous forecasts(Announced on April 10,2023)

–

40.00

–

40.00

80.00

Revised forecasts

–––

50.00

90.00

Actual results for the current
fiscal year–

40.00––Actual results for theprevious fiscal year
(Fiscal year ended February28, 2023)

–

35.00

–

35.00

70.00

Reason for revision
After considering the current business trends and today’s aforementioned revisions to the earnings forecasts
and taking into account the Company’s policy on shareholder return, the Company decided to revise theforecast for the fiscal year-end dividend at the Board of Directors meeting held today.

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