Note: This document is a translation of the original Japanese document and is only for reference purposes. In the event ofany discrepancy between this translated document and the Japanese original, the latter shall prevail.

Consolidated Financial Results for the First Nine Months of
the Fiscal Year Ending February 28, 2023
(under Japanese GAAP)
January 11, 2023
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:
January 13, 2023
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 nine months of the fiscal year ending February 28, 2023
(from March 1, 2022 to November 30, 2022)(1) Consolidated operating results (cumulative)
Operating revenue(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Nine months ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

November 30, 2022

568,681–

13,559(31.2)

14,151(30.0)

9,652(29.6)

1.1

19,705(6.8)

20,222(7.0)

13,711(5.0)

November 30, 2021
574,761
Note: Comprehensive income
Nine months ended November 30, 2022:
Nine months ended November 30, 2021:¥9,735 million [(28.2)%]¥13,559 million [(4.9)%]

Reference: Operating revenue is the total of net sales and receipts from operating revenue.
Net sales
Nine months ended November 30, 2022: ¥548,649 million [–%]
Nine months ended November 30, 2021: ¥557,313 million [1.1%]
Receipts from operating revenue
Nine months ended November 30, 2022: ¥20,032 million [–%]
Nine months ended November 30, 2021: ¥17,447 million [2.1%]
Earnings per share

Diluted earnings per share

Nine months ended

Yen

Yen

November 30, 2022

205.93November 30, 2021
292.55
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 nine months ended November 30, 2022 represent the amounts after applying the said accounting standard, etc., anddo not include year-on-year changes for operating revenue.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

November 30, 2022

284,297

116,606

41.0

2,487.70

February 28, 2022

270,229

110,29940.8

2,353.44

Reference: Equity

Note:

2.

As of November 30, 2022:¥116,606 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 the
beginning of the first quarter of the fiscal year ending February 28, 2023.
Figures for the nine months ended November 30, 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 ofyenProfit attributable toowners of parent

Ordinary profit%

17,000 (25.9)

Millions ofyen%

18,000 (24.0)

Millions ofyen

Earnings per
share

%

Yen

11,500 (24.4)

245.36

Revisions to the consolidated earnings forecasts most recently announced: None
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.

* 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
Note: For details, please refer to 2. Quarterly consolidated financial statements and significant notes
thereto, (3) Notes to quarterly consolidated financial statements, “Changes in accounting policies”
on page 9 of the attached material.
(4) Number of issued shares (ordinary shares)
i. Total number of issued shares at the end of the period (including treasury shares)
As of November 30, 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 November 30, 2022
2,577,758 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)
Nine months ended November 30, 2022
46,870,373 shares
Nine months ended November 30, 2021
46,867,592 shares
Note: The number of treasury shares at the end of the period includes the Company’s shares (84,300
shares as of November 30, 2022, and 90,300 shares as of February 28, 2022) held by Custody Bankof 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 ofshares during the period. (87,130 shares as of November 30, 2022, and 90,300 shares as ofNovember 30, 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. Please refer to “1. Qualitative
information on quarterly financial results, (3) Explanation of consolidated earnings forecasts and other suchforward-looking information” on page 3 of the attached material for the suppositions that form the assumptions
for earnings forecasts and cautions concerning the use thereof.

Attached material
1. Qualitative information on quarterly financial results .......................................................................................................... 2(1) Explanation of operating results .................................................................................................................................... 2(2) Explanation of financial position ................................................................................................................................... 3(3) Explanation of consolidated earnings forecasts and other such forward-looking information ....................................... 3
2. Quarterly consolidated financial statements and significant notes thereto ........................................................................... 5(1) Quarterly consolidated balance sheet ............................................................................................................................. 5(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income ............................ 7
Quarterly consolidated statement of income (cumulative) ............................................................................................. 7
Quarterly consolidated statement of comprehensive income (cumulative) .................................................................... 8(3) Notes to quarterly consolidated financial statements ..................................................................................................... 9
Notes on premise of going concern ................................................................................................................................ 9
Notes on the event of significant changes in the amount of shareholders’ equity .......................................................... 9
Changes in accounting policies ...................................................................................................................................... 9
Notes to quarterly consolidated statement of income................................................................................................... 10
Segment information, etc. ............................................................................................................................................ 11
Significant subsequent events ...................................................................................................................................... 12-1-

1. Qualitative information on quarterly financial results(1) Explanation of operating results
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement
No. 29), etc. from the first quarter of the current fiscal year. As a result, the accounting treatment
method for revenues differs from that used in the first nine months of the previous fiscal year;
therefore, in the following explanation of operating results, no increase or decrease amounts or
year-on-year comparisons (%) are shown for operating revenues and net sales. Moreover, theamounts of operating profit, etc., are those of the same period of the previous year due to thenegligible impact.
During the first nine months of the current fiscal year, in the Japanese economy, the normalizationof socioeconomic activities was pursued while measures against COVID-19 were taken. On theother hand, the outlook remained uncertain largely due to the acceleration of cost-push inflation
stemming from a sharp rise in resource prices under the unstable international situation, economic
recession risk in Europe and the U.S., and the rapid depreciation of the yen.
In the food supermarket industry, which is the Group’s area of business, the environment
surrounding corporate operations is becoming increasingly severe due to intensifying competition
across industries and business categories, rising procurement costs for raw materials, and soaring
utilities expenses and other costs.
In this economic environment, this fiscal year is positioned as the year for the total completion of
the medium-term plan, which commenced in fiscal 2018 aiming to make each of our stores the No.
1 in the area with even greater trust from customers. While breaking away from homogeneouscompetition and promoting differentiation, we are working on various measures. Specifically, we
are focusing on the development of original products such as “BIO-RAL” —a private brand thatuses healthy materials and production methods for customers interested in health and natural
products— increasing the number of stores with product sections based on the “BIO-RAL” concept
to 207 stores (approximately 70% of all stores), expanding our online supermarket businessincluding services for Amazon Prime members, and aggressively opening new stores. Our Central
Square Yebisu Garden Place Store, which opened in April as the flagship store, is positioned as anext-generation supermarket that combined brick-and-mortar stores and online supermarkets withthe business concepts of Central Square (“making daily shopping not only more convenient but also
more enjoyable”) and BIO-RAL (“organic, local, healthy, and sustainable”). It has been performing
well with the support from many customers.
Furthermore, in March, as part of our efforts to realize a sustainable and flourishing society, we started
full-scale operation of one of the largest bio-gas power generation facilities in the Japanese retailindustry at Tempozan, which reduces food residues by more than 4,000 tons per year and creates
renewable energy. In April, we switched all electricity used at the Tokyo and Osaka headquarters andCentral Square Nishimiyahara Store adjacent to the Osaka headquarters to power from renewableenergy sources. In response to soaring electricity prices and tight power supply, stores and theheadquarters are working to save electricity by adjusting the temperature settings of air conditioners
and turning off some lights.
In addition, as part of our social contribution, we offered food products and daily supplies to thoseliving in Kyoto City who have evacuated from Ukraine to cooperate with “Kyoto Citizens’
Acceptance Support Network for Kyiv and Ukraine evacuees,” a support organization launched by
Kyoto City and others.
We opened ten new stores: Central Square Yebisu Garden Place Store (Tokyo) (mentioned above),
Kameido Clock Store (Tokyo) and Horikawa Kitayama Store (Kyoto Prefecture) in April, BIO-RAL
Shinjuku Marui Store (Tokyo) in May, Moriguchi Takii Store (Osaka Prefecture) and Nishiogikubo
Store (Tokyo) in July, Toyosu Store (Tokyo), Hanazono Central Park Store (Osaka Prefecture) and-2-

Shijo Omiya Store (Kyoto Prefecture) in September, and VIERRA Maita Store (Kanagawa
Prefecture) in October. We also renovated four existing stores to expand product lines and frozen
foods that meet the needs of health consciousness, simplicity, and convenience at Shiki Store,
Oyodonaka Store, and Ichikawa Kokubun Store, set up one of the largest “BIO-RAL” sections in
the Osaka region at the annex to Central Square Namba Store, etc.
The Group’s operating revenue totaled ¥568,681 million as a result of the expansion of new storesand online supermarkets, strengthening of private brand products such as “BIO-RAL,” andimplementing product initiatives that sought to enhance taste. On the other hand, as for selling,
general and administrative expenses, the Group saw increases in utilities expenses, various property
expenses such as rent expenses from opening new stores, and personnel expenses from increased
hiring activities. Operating profit was ¥13,559 million (¥19,705 million in the same period of theprevious year), ordinary profit was ¥14,151 million (¥20,222 million in the same period of theprevious year), and profit attributable to owners of parent was ¥9,652 million (¥13,711 million in
the same period of the previous year).
Results by segment are as follows:(Retail Business)
Operating revenue was ¥568,543 million, with net sales of ¥548,649 million, and segment profit of¥13,919 million (¥20,146 million in the same period of the previous year).
Net sales by department were ¥240,086 million for fresh produce, ¥243,749 million for general food,¥47,884 million for lifestyle products, and ¥16,928 million for apparel.
(Other Business)
Operating revenue from LIFE FINANCIAL SERVICE was ¥1,909 million (¥1,787 million in thesame period of the previous year), with segment profit of ¥231 million (¥76 million in the same periodof the previous year).
(2) Explanation of financial position
Total assets at the end of the third quarter of the current fiscal year were ¥284,297 million, an increaseof ¥14,067 million from the end of the previous fiscal year.
Current assets totaled ¥82,947 million, an increase of ¥8,466 million from the end of the previous
fiscal year. This was mainly due to increases of ¥3,865 million in cash and deposits and ¥2,590 million
in accounts receivable - trade.
Non-current assets totaled ¥201,349 million, an increase of ¥5,601 million from the end of theprevious fiscal year. This was mainly due to an increase of ¥5,441 million in property, plant andequipment after depreciation, resulting from new store openings and land acquisition.
Total liabilities at the end of the third quarter of the current fiscal year were ¥167,690 million, an
increase of ¥7,760 million from the end of the previous fiscal year. This was mainly due to increasesof ¥6,068 million in the total of short-term borrowings and long-term borrowings and ¥4,563 million
in accounts payable - trade, and a decrease of ¥2,243 million in income taxes payable.
Total net assets at the end of the third quarter of the current fiscal year were ¥116,606 million, an
increase of ¥6,306 million from the end of the previous fiscal year. This was mainly due to a ¥6,211
million increase in retained earnings.

(3) Explanation of consolidated earnings forecasts and other such forward-looking information
There is no change in the consolidated earnings forecasts for the fiscal year ending February 28, 2023
from that released in “Notice Concerning Revisions to Earnings Forecasts,” which was announced
on October 11, 2022.
-3-

Moreover, it remains difficult to reasonably foresee the impact of COVID-19 pandemic on theGroup’s businesses in the future. The forecast for the second half of this fiscal year and beyond, inparticular, has been prepared by taking into account as many factors as possible that we can assume
at this point in time. However, we will closely monitor future economic and consumer spending
trends, and if it becomes necessary to revise our consolidated earnings forecasts, we will disclose
them promptly.

-4-

2. Quarterly consolidated financial statements and significant notes thereto(1) Quarterly consolidated balance sheet(Millions of yen)

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Raw materials and supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-

As of February 28, 2022

As of November 30, 2022

9,809
8,133
23,880258
32,39974,48013,674
10,723
26,540236
31,771
82,94786,64839,256
24,584150,490
3,508

91,84039,70924,382
155,9313,277

24,086
17,704(41)
41,749195,748
270,229

24,51917,662(41)
42,139201,349
284,297(Millions of yen)

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for sales promotion expenses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets-6-

As of February 28, 2022

As of November 30, 2022

41,66638,50014,865
3,901
2,555
1,963
29,026
132,478

46,22938,35014,1071,658
439
25
32,314133,124

12,24819,225

56

43

2,999
5,014
7,132
27,451
159,929

2,956
5,329
7,012
34,566167,690

10,004
5,628
99,221(3,930)110,923

10,004
5,628
105,432(3,917)
117,147357(1,114)
133(623)
110,299
270,229426(1,114)
147(540)
116,606
284,297

(2) Quarterly consolidated statement of income and consolidated statement of comprehensive
incomeQuarterly consolidated statement of income (cumulative)(Millions of yen)
Nine months ended
November 30, 2021
Net sales
Cost of sales
Gross profit
Receipts from operating revenue
Operating gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Income from recycling
Data offer fee
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Loss on store closings
Loss on COVID-19
Loss on sale of investment securities
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

*1

-7-

Nine months ended
November 30, 2022

557,313385,681
171,631
17,447
189,079
169,374
19,705548,649
378,723
169,925
20,032
189,958
176,399
13,559

107
32
205
110
278
734

98
27
264
112
291
795

141
76
217
20,22213864
203
14,151

249
249

–
–

86
161
71
66
7
–
394
20,078
6,398
(31)
6,367
13,711
13,711

38
–
–
–
–
2
40
14,110
4,578
(120)
4,458
9,652
9,652

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)
Nine months ended
November 30, 2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent-8-

Nine months ended
November 30, 2022

13,711

9,652

(162)
10
(151)
13,559

69
13
82
9,735

13,5599,735

(3) Notes to quarterly consolidated financial statements
Notes on premise of going concern
Not applicable.
Notes on the event of significant changes in the amount of shareholders’ equity
Not applicable.
Changes in accounting policies
Application of Accounting Standard for Revenue Recognition, etc.
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ
Statement No. 29, March 31, 2020), etc., from the beginning of the first quarter of the current
fiscal year, and it has recognized revenue at the time the control of promised goods or services
is transferred to the customer at the amount expected to be received upon exchange of said goods
or services.
The main changes resulting from the application of the Accounting Standard for Revenue
Recognition, etc., are as follows:
1. Revenue recognition for agency transactions
With respect to revenue from transactions in which purchase of goods, etc. is recognized at thetime of sales thereof (shoka shiire), the Company previously recognized the total consideration
received from customers as net sales and the total consideration paid to suppliers as cost of sales.
However, as the Company’s role, in such transactions, in providing goods, etc., to customers isdetermined to be that of an agent, the Company has changed its method of recognizing revenue
to the net amount of the total consideration received from customers less the total consideration
paid to suppliers. Moreover, these revenues are recorded in receipts from operating revenue andnot net sales.
2. Revenue recognition for our point system
The Company offers a customer loyalty program, whereby members are awarded points basedon the amount of purchases they make. Previously, to prepare for the redemption of points
granted to customers, the amount expected to be required to redeem the points was recorded asprovision for sales promotion expenses, whose transfer amount was recorded as selling, generaland administrative expenses. However, the Company has changed its method to identify such
points as performance obligations and allocate the transaction price by calculating theindependent selling price of the points considering the expected future expiration and otherfactors.
As a result of this change, what was recorded as selling, general and administrative expenses is
now deducted from net sales, and the liability for points awarded based on the purchase amount,which was presented as “provision for sales promotion expenses” on the consolidated balance
sheet in the previous fiscal year, is now “contract liabilities” and included in “other” undercurrent liabilities.
3. Revenue recognition related to company-issued coupons and points issued by other companies
Previously, the Company recorded the gross amount of company-issued coupons and points
issued by other companies for sales to customers as net sales, and used company-issued couponsand granted points issued by other companies as promotion expenses in selling, general andadministrative expenses. Now we have changed the method of recognizing revenue as the net
amount of the total consideration received from customers less relevant costs.
The application of the Accounting Standard for Revenue Recognition, etc., is in accordance withthe transitional treatment provided for in the proviso to paragraph 84 of the Accounting Standard
for Revenue Recognition. The cumulative effect of retrospective application, assuming the new
accounting policy had been applied to periods prior to the beginning of the first quarter of thecurrent fiscal year was added to or deducted from the opening balance of retained earnings of-9-the first quarter of the current fiscal year, and thus the new accounting policy was applied fromsuch opening balance.
For the first nine months of the current fiscal year, as a result of this change, net sales decreasedby ¥17,634 million, cost of sales decreased by ¥11,309 million, receipts from operating revenue
increased by ¥2,313 million, and selling, general and administrative expenses decreased by¥4,004 million, while operating profit, ordinary profit and profit before income taxes eachdecreased by ¥5 million. The opening balance of retained earnings increased by ¥80 million.
In accordance with the transitional treatment provided for in paragraph 89-2 of the AccountingStandard for Revenue Recognition, figures for the previous fiscal year have not been restated inaccordance with the new approach to presentation. Furthermore, the information on
disaggregation of revenue from contracts with customers during the first nine months of theprevious fiscal year has not been disclosed as allowed by the transitional treatment provided forin paragraph 28-15 of the Accounting Standard for Quarterly Financial Reporting (ASBJ
Statement No. 12, March 31, 2020).
Application of Accounting Standard for Fair Value Measurement, etc.
The Company has applied the “Accounting Standard for Fair Value Measurement” (ASBJ
Statement No. 30, July 4, 2019), etc., from the beginning of the first quarter of the current fiscal
year, and it has applied the new accounting policy provided for by the Accounting Standard for
Fair Value Measurement, etc. prospectively in accordance with the transitional treatment
provided for in paragraph 19 of the Accounting Standard for Fair Value Measurement, andparagraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No.
10, July 4, 2019). There is no impact on the quarterly consolidated financial statements for the
first nine months of the current fiscal year.
Notes to quarterly consolidated statement of income*1 Loss on COVID-19
First nine months of the previous fiscal year (March 1, 2021 to November 30, 2021)
The Company recorded a loss on COVID-19 in extraordinary losses resulting from the loss
on abandonment of goods, disinfection expenses, and tenant support through rent
concessions incurred in stores and other facilities caused by the spread of COVID-19.

First nine months of the current fiscal year (March 1, 2022 to November 30, 2022)
Not applicable.

- 10 -

Segment information, etc.
[Segment information]
I First nine months of the previous fiscal year (March 1, 2021 to November 30, 2021)
Information on operating revenue and profit or loss by reportable segment
Reportable segment
Other (Note 2)

Total

Adjustments

Retail Business(Millions of yen)Amounts recordedin quarterly
consolidated
statement ofincome (Note 3)

Operating revenue (Note 1)
Operating revenue fromexternal customers
Intersegment operating
revenue and transfers
Total
Segment profit
Notes: 1.
2.
3.

574,054707

574,761–

574,761

2

1,080

1,082

(1,082)–574,056

1,787

575,843(1,082)574,761

20,14676

20,222–

20,222

Operating revenue is the total of net sales and receipts from operating revenue.
“Other” includes credit card business, etc.
Segment profit is adjusted to ordinary profit in the quarterly consolidated statement of income.

II First nine months of the current fiscal year (March 1, 2022 to November 30, 2022)
1. Information on operating revenue and profit or loss by reportable segment and on
disaggregation of revenue
Reportable segment
Other (Note 2)

Total

Adjustments

Retail Business(Millions of yen)Amounts recordedin quarterly
consolidated
statement ofincome (Note 3)

Operating revenue (Note 1)
Revenue from contracts
with customers
Other revenue (Note 4)
Operating revenue fromexternal customers
Intersegment operating
revenue and transfers
Total
Segment profit
Notes: 1.
2.
3.
4.

564,585811

565,397–565,397

3,284

–

3,284

–

3,284

567,869811

568,681–568,681

673

1,098

1,771

(1,771)–

568,543

1,909

570,453(1,771)

568,681

13,919231

14,151–

14,151

Operating revenue is the total of net sales and receipts from operating revenue.
“Other” includes credit card business, etc.
Segment profit is adjusted to ordinary profit in the quarterly consolidated statement of income.
Other revenue includes real estate lease revenue based on the Accounting Standard for Lease Transactions(ASBJ Statement No. 13).

2. Matters related to changes in reportable segments, etc.
As described in notes to “Changes in accounting policies,” the Company has applied the
Accounting Standard for Revenue Recognition, etc., from the beginning of the first quarter ofthe current fiscal year, and changed the accounting treatment for revenue recognition.

- 11 -

Accordingly, the Company has changed the method of calculating profit or loss of operating
segments.
As a result of this change, compared to the previous method, in the Retail Business, net sales
decreased by ¥17,634 million (the full amount is revenue from contracts with customers),
receipts from operating revenue increased by ¥2,985 million (of which, revenue from contracts
with customers of ¥2,313 million and intersegment operating revenue and transfers of ¥671
million), and segment profit decreased by ¥5 million for the first nine months of the current
fiscal year.
Significant subsequent events
Not applicable.

- 12 -