Note: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In theevent of any discrepancy between this translated document and the Japanese original, the latter shall prevail.

Consolidated Financial Results for the First Six Months ofthe Fiscal Year Ending February 28, 2023
(under Japanese GAAP)
October 11, 2022
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:
TEL:

LIFE CORPORATIONTokyo Stock Exchange8194
http://www.lifecorp.jp/Takaharu Iwasaki, Representative Director and President
Koichi Miyata, General Manager, Investor Relations Department+81-3-5807-5111 (from overseas)

Scheduled date to file Quarterly Securities Report:
October 14, 2022
Scheduled date to commence dividend payments:
November 1, 2022
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes (for institutional investors andanalysts)

1.

(Amounts less than one million yen are rounded down.)
Consolidated financial results for the first six months of the fiscal year ending February 28, 2023
(from March 1, 2022 to August 31, 2022)(1) Consolidated operating results (cumulative)
Operating revenue
Six months ended

Millions of yen

August 31, 2022

377,563

August 31, 2021
387,093
Note: Comprehensive income
Six months ended August 31, 2022:
Six months ended August 31, 2021:(Percentages indicate year-on-year changes.)

Operating profit%

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

–8,9140.1

15,251Millions of yen%

(41.6)

9,331

(9.8)

15,603(40.2)

6,412(40.5)(10.0)

10,782(7.9)¥6,468 million [(39.2)%]¥10,631 million [(7.8)%]

Reference: Operating revenue is the total of net sales and receipts from operating revenue.
Net sales
Six months ended August 31, 2022:
Six months ended August 31, 2021:¥364,251 million [–%]
¥375,382 million [0.0%]

Receipts from operating revenue
Six months ended August 31, 2022:
Six months ended August 31, 2021:¥13,311 million [–%]
¥11,710 million [1.6%]

Earnings per share

Diluted earnings per share

Six months endedYenYen

August 31, 2022

136.83August 31, 2021
230.06Note: The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc., from the beginningof the first quarter of the fiscal year ending February 28, 2023.
Figures for the six months ended August 31, 2022 represent the amounts after applying the said accounting standard, etc., and do
not include year-on-year changes for operating revenue.

-1-(2) Consolidated financial position
Total assets
As ofNet assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

August 31, 2022

273,208

114,98342.1

2,453.08February 28, 2022

270,229

110,29940.8

2,353.44

Reference: Equity

Note:

2.

As of August 31, 2022:¥114,983 million

As of February 28, 2022:¥110,299 million

The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc., from thebeginning of the first quarter of the fiscal year ending February 28, 2023.
Figures for the six months ended August 31, 2022 represent the amounts after applying the said accounting standard, etc.

Cash dividends
Annual dividends
First quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended
February 28, 2022



30.00



40.00

70.00

Fiscal year ending
February 28, 2023



35.00



35.00

70.00

Fiscal year ending
February 28, 2023
(Forecast)
Notes: 1. Revisions to the forecast of cash dividends most recently announced: None

2. Breakdown of year-end dividend for the fiscal year ended February 28, 2022: Ordinary dividend of ¥30.00, and the 60th
anniversary commemorative dividend of ¥10.00

3.

Consolidated earnings forecasts for the fiscal year ending February 28, 2023
(from March 1, 2022 to February 28, 2023)(Percentages indicate year-on-year changes.)
Operating revenue

Fiscal year ending
February 28, 2023
Note:

Millions ofyen%

763,000–

Operating profit
Millions ofyen

Profit attributable toowners of parent

Ordinary profit%

17,000 (25.9)

Millions ofyen%

18,000 (24.0)

Millions ofyen

Earnings pershare%

Yen

11,500 (24.4)

245.36

Revisions to the consolidated earnings forecasts most recently announced: Yes
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc., from the beginningof the first quarter of the fiscal year ending February 28, 2023. Therefore, the above consolidated earnings forecasts represent theamounts calculated by applying the said accounting standard, etc., but do not include year-on-year changes for operating revenue as
the accounting treatment method subject to comparison differs.

-2-

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
(2) Application of special accounting treatment to the preparation of quarterly consolidated financial
statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial
statements
i. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
ii. Changes in accounting policies due to other reasons: Noneiii. Changes in accounting estimates: None
iv. Restatement: None
(4) Number of issued shares (ordinary shares)
i. Total number of issued shares at the end of the period (including treasury shares)
As of August 31, 2022
49,450,800 shares
As of February 28, 2022
49,450,800 shares
ii. Number of treasury shares at the end of the period
As of August 31, 2022
2,577,812 shares
As of February 28, 2022
2,583,502 sharesiii. Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended August 31, 2022
46,869,043 shares
Six months ended August 31, 2021
46,867,612 shares
Note: The number of treasury shares at the end of the period includes the Company’s shares (84,400 shares asof August 31, 2022, and 90,300 shares as of February 28, 2022) held by Custody Bank of Japan, Ltd.
(Trust Account) as the trust assets for the “Trust for Delivering Shares to Directors.”
In addition, the Company’s shares held by Custody Bank of Japan, Ltd. (Trust Account) are included in
the treasury shares that are excluded from the calculation of the average number of shares during theperiod. (88,520 shares as of August 31, 2022, and 90,300 shares as of August 31, 2021)* Quarterly financial results reports are not required to be subjected to quarterly financial reviews conducted bycertified public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements, including earnings forecasts, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable. Actual
business and other results may differ substantially due to various factors.

-3-Reference:Non-consolidated earnings forecasts for the fiscal year ending February 28, 2023
(from March 1, 2022 to February 28, 2023)(Percentages indicate year-on-year changes.)
Operating revenue
Millions of yen

Ordinary profit%

Millions of yen

Profit%Millions of yen

Fiscal year ending
762,800–
17,700 (24.9)
February 28, 2023
Note: Revisions to the non-consolidated earnings forecasts most recently announced: Yes

11,200Earnings per share%Yen(25.7)

238.96The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc., from the beginningof the current fiscal year. Therefore, the above non-consolidated earnings forecasts represent the amounts calculated by applying thesaid accounting standard, etc., but do not include year-on-year changes for operating revenue as the accounting treatment method
subject to comparison differs.

-4-