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.

July 10, 2020

Consolidated Financial Results for the First Three Months ofthe Fiscal Year Ending February 28, 2021
(under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:
TEL:

LIFE CORPORATIONFirst Section of the Tokyo Stock Exchange8194
http://www.lifecorp.jp/
Nobutsugu Shimizu, Representative Director, Chairman & Chief Executive Officer
Nobuyuki Kawai, Director & Senior Executive Officer, Division COO of Corporate
Finance and Accounting Division+81-3-5807-5722 (from overseas)

Scheduled date to file Quarterly Securities Report:
July 15, 2020
Scheduled date to commence dividend payments:–Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results meeting:
None

1.

(Amounts less than one million yen are rounded down.)
Consolidated financial results for the first three months of the fiscal year ending February 28, 2021
(from March 1, 2020 to May 31, 2020)(1) Consolidated operating results (cumulative)
Operating revenue
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

195,152

10.9

8,708

163.0

8,829

154.0

6,190

181.8

May 31, 2019
175,960
Note: Comprehensive income
Three months ended May 31, 2020:Three months ended May 31, 2019:

3.1

3,311

23.5

3,475

24.3

2,196

31.6

May 31, 2020

¥6,036 million [183.1%]¥2,131 million [23.4%]

Reference: Operating revenue is the total of net sales and receipts from operating revenue.
Net sales
Three months ended May 31, 2020:Three months ended May 31, 2019:¥189,354 million [11.0%]¥170,570 million [3.0%]

Receipts from operating revenue
Three months ended May 31, 2020:Three months ended May 31, 2019:¥5,797 million [7.6%]¥5,389 million [6.8%]

Earnings per share
Three months ended

Diluted earnings per share
Yen

Yen

May 31, 2020

132.08



May 31, 2019

46.87



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

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

May 31, 2020

268,979

86,45732.1

1,844.69

February 29, 2020

262,053

81,36031.0

1,735.94

Reference: Equity

2.

As of May 31, 2020:¥86,457 million

As of February 29, 2020:¥81,360 million

Cash dividends
Annual dividends
First quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended
February 29, 2020

20.0020.0040.00

Fiscal year ending
February 28, 2021

20.00



20.00

40.00

Fiscal year ending
February 28, 2021
(Forecast)
Note:

3.

Fiscal year-end

Total

Revisions to the forecast of cash dividends most recently announced: None

Consolidated earnings forecasts for the fiscal year ending February 28, 2021
(from March 1, 2020 to February 28, 2021)(Percentages indicate year-on-year changes.)
Operating revenue

Operating profit

Profit attributable toowners of parent

Ordinary profit

Earnings pershare

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

Six months ending
August 31, 2020

374,500

6.0

10,80094.1

11,00084.3

7,50095.6

160.02

Fiscal year ending
February 28, 2021

734,000

2.7

16,10016.0

17,00016.8

10,00027.6

213.36

Note:

Revisions to the consolidated earnings forecasts most recently announced: Yes-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 financialstatements
i. Changes in accounting policies due to revisions to accounting standards and other regulations: None
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 May 31, 2020
53,450,800 shares
As of February 29, 2020
53,450,800 shares
ii. Number of treasury shares at the end of the period
As of May 31, 2020
6,582,593 sharesAs of February 29, 2020
6,582,377 sharesiii. Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 2020
46,868,305 shares
Three months ended May 31, 201946,869,056 shares
Note: The number of treasury shares at the end of the period includes the Company’s shares (90,300 shares asof May 31, 2020, and 90,300 shares as of February 29, 2020) held by Japan Trustee Services Bank, Ltd.
(Trust Account) as the trust assets for the “Trust for Delivering Shares to Directors.”
In addition, the Company’s shares held by Japan Trustee Services Bank, Ltd. (Trust Account) areincluded in the treasury shares that are excluded from the calculation of the average number of shares
during the period. (90,300 shares as of May 31, 2020, and – shares as of May 31, 2019)* 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.
Reference:Non-consolidated earnings forecasts for the fiscal year ending February 28, 2021
(from March 1, 2020 to February 28, 2021)(Percentages indicate year-on-year changes.)
Operating revenue

Ordinary profit

ProfitEarnings per share

Millions of yen%

Millions of yen%

Millions of yen%

Yen

Six months ending
August 31, 2020

374,000

6.0

10,940

82.4

7,450

92.9

158.96

Fiscal year ending
February 28, 2021733,000

2.7

16,800

15.5

9,850

26.5

210.16

Note:

Revisions to the non-consolidated earnings forecasts most recently announced: Yes-3-