October 11, 2022
Company name:Name of representative:
Inquiries:

LIFE CORPORATION
Takaharu Iwasaki, Representative
Director and President(Securities Code: 8194)
Koichi Miyata, General Manager,
Investor Relations Department(Telephone: +81-3-5807-5111)

Notice Concerning Revisions to Earnings Forecasts
LIFE CORPORATION (the “Company”) hereby announces that the consolidated and non-consolidated earnings
forecasts for the fiscal year ending February 28, 2023 (from March 1, 2022 to February 28, 2023), disclosed onApril 11, 2022, were revised at the meeting of the Board of Directors held on October 11, 2022 as describedbelow.
●Revisions to Earnings Forecasts
Revisions to full-year consolidated earnings forecasts for the fiscal year ending February 28, 2023 (fromMarch 1, 2022 to February 28, 2023)
Operating revenue

Operating profit

Ordinary profit

Profit attributableto owners ofEarnings per shareparentMillions of yen

Millions of yen

Millions of yen

Millions of yen

Previously announced
forecasts (A)770,000

23,20024,00015,500330.72

Revised forecasts (B)763,000

17,00018,00011,500245.36

Change (B-A)(7,000)(6,200)(6,000)(4,000)–Change (%)(0.9)(26.7)(25.0)(25.8)–

768,335

22,932

23,695

15,208324.50(Reference) Actual
consolidated results for theprevious fiscal year
(Fiscal year ended February
28, 2022)*Before application of the
Accounting Standard for
Revenue Recognition-1-YenRevisions to full-year non-consolidated earnings forecasts for the fiscal year ending February 28, 2023 (fromMarch 1, 2022 to February 28, 2023)
Operating revenue

Ordinary profit

ProfitEarnings per share

Millions of yen

Millions of yen

Millions of yen

Previously announcedforecasts (A)769,000

23,70015,250325.39

Revised forecasts (B)762,800

17,700

11,200238.96

Change (B-A)(6,200)(6,000)(4,050)–Change (%)(0.8)(25.3)(26.6)–

767,379

23,556

15,066321.46(Reference) Actual results forthe previous fiscal year
(Fiscal year ended February
28, 2022)*Before application of theAccounting Standard for
Revenue Recognition

Yen

Reason for revision
The Company has revised its forecast for operating profit and following profit items significantly downward
from the full-year forecast, due to the fact that, although there are no still prospects on when the novel
coronavirus disease (COVID-19) crisis will end, demand for eating at home has begun to settle down due tothe relaxation of restrictions on movement, as well as due to the sharp rise in energy and raw material pricesthat is much higher than expected at the beginning of the fiscal year. However, due in part to new store
openings and initiatives to revitalize existing stores, operating revenue is expected to decrease only slightly
from the figures initially announced.
(Note 1) 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.
(Note 2) The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. fromthe beginning of the fiscal year ending February 28, 2023. Figures for the fiscal year ending February 28, 2023
represent the amounts after applying the said accounting standard, etc.

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