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.

April 10, 2020

Consolidated Financial Results for the Fiscal Year
Ended February 29, 2020
(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 OfficerNobuyuki Kawai, Director & Senior Executive Officer, Division COO of Corporate
Finance and Accounting Division+81-3-5807-5722 (from overseas)

Scheduled date of Annual General Meeting of Shareholders:
Scheduled date to commence dividend payments:
Scheduled date to file Annual Securities Report:
Preparation of supplementary material on annual financial results:
Holding of annual financial results meeting:1.

May 28, 2020
May 29, 2020
May 29, 2020
YesNone(Amounts less than one million yen are rounded down.)
Consolidated financial results for the fiscal year ended February 29, 2020
(from March 1, 2019 to February 29, 2020)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Operating revenue

Operating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

February 29, 2020

714,684

2.3

13,87913.0

14,558

13.5

7,834

5.9

February 28, 2019698,693
Note: Comprehensive income
Fiscal year ended February 29, 2020:
Fiscal year ended February 28, 2019:3.1

12,2851.612,831

2.2

7,401

12.9%

¥7,663 million [2.5%]¥7,476 million [3.1%]

Reference: Operating revenue is the total of net sales and receipts from operating revenue.
Net sales
Fiscal year ended February 29, 2020:
Fiscal year ended February 28, 2019:¥693,062 million [2.2%]¥678,211 million [3.0%]

Receipts from operating revenue
Fiscal year ended February 29, 2020:
Fiscal year ended February 28, 2019:¥21,621 million [5.6%]¥20,482 million [5.2%]
Operatingprofit/operating
revenue

Ordinary profit/
total assets

Earnings per share

Diluted earnings pershareFiscal year ended

Yen

Yen%%%February 29, 2020

167.17



10.0

5.7

1.9

February 28, 2019

157.91



10.2

5.4

1.8

Return on equity

Reference: Share of profit (loss) of entities accounted for using equity method
Fiscal year ended February 29, 2020:¥ million
Fiscal year ended February 28, 2019:¥ million-1-(2) Consolidated financial position
Total assets
As ofNet assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%YenFebruary 29, 2020

262,053

81,36031.0

1,735.94

February 28, 2019

246,81275,340

30.5

1,607.47

Cash flows from operating
activities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at end of period

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

February 29, 2020

54,898(16,067)(33,521)

12,813February 28, 201918,235(27,799)

9,375

7,503

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

As of February 28, 2019:¥75,340 million(3) Consolidated cash flows

2.

Cash dividends
Annual dividends
FirstSecond
Third
quarter-end quarter-end quarter-end

Fiscalyear-end

Total cash
dividends(Annual)

Total

Dividend
payout ratio(Consolidated)

Ratio ofdividends tonet assets(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

Fiscal year ended
February 28, 2019



15.00



15.00

30.00

1,406

19.0

1.9

Fiscal year ended
February 29, 2020



20.00



20.00

40.00

1,876

23.9

2.4

Fiscal year ending
February 28, 2021
(Forecast)20.00



20.00

40.00

3.

22.9

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

360,000

1.9

5,760

3.5

6,260

4.9

3,850

0.4

82.14

Fiscal year ending
February 28, 2021

726,000

1.6

14,8006.6

15,700

7.8

8,200

4.7

174.96-2-* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
(2) 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: None
ii. Changes in accounting policies due to other reasons: Noneiii. Changes in accounting estimates: None
iv. Restatement: None
(3) Number of issued shares (ordinary shares)
i. Total number of issued shares at the end of the period (including treasury shares)
As of February 29, 2020
53,450,800 shares
As of February 28, 201953,450,800 shares
ii. Number of treasury shares at the end of the period
As of February 29, 2020
6,582,377 shares
As of February 28, 2019
6,581,624 sharesiii. Average number of shares during the period
Fiscal year ended February 29, 2020 46,868,860 sharesFiscal year ended February 28, 2019 46,869,535 shares
Note: The number of treasury shares at the end of the period includes the Company’s shares (90,300 shares asof February 29, 2020, and – shares as of February 28, 2019) 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) are
included in the treasury shares that are excluded from the calculation of the average number of shares
during the period. (54,032 shares as of February 29, 2020, and – shares as of February 28, 2019)
Reference: Overview of non-consolidated financial results1.

Non-consolidated financial results for the fiscal year ended February 29, 2020
(from March 1, 2019 to February 29, 2020)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Operating revenue

Operating profit

Ordinary profit

ProfitFiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

February 29, 2020

713,879

2.3

13,851

12.7

14,541

13.2

7,787

4.9

February 28, 2019

698,075

3.1

12,292

0.6

12,850

1.3

7,423

11.0

Earnings per share

Diluted earnings per share

Fiscal year ended

Yen

Yen

February 29, 2020

166.15February 28, 2019158.39

-3-%

(2) Non-consolidated financial positionTotal assets
As ofNet assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

February 29, 2020

269,377

82,61630.7

1,762.74

February 28, 2019

253,497

76,64630.2

1,635.32

Reference: Equity

2.

As of February 29, 2020:¥82,616 million

As of February 28, 2019:¥76,646 million

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
Millions of yen

Ordinary profit%

ProfitMillions of yen%Earnings per share

Millions of yen%

Yen

Six months ending
August 31, 2020

359,500

1.8

6,200

3.4

3,800(1.6)

81.08

Fiscal year ending
February 28, 2021

725,000

1.6

15,500

6.6

8,050

3.4

171.76* Financial results reports are not required to be subjected to audit conducted by certified public accountants oran 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.

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