LIFE CORPORATION, June-August (2Q) Ordinary Profit Decreases by 12%

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Mon Oct 7, 2024 3:00 pm JST Earnings

8194 LIFE CORPORATION 【J-GAAP】

Earnings Report

LIFE CORPORATION <8194> [TSE-P] announced its financial results after the market closed on October 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 12.7 billion yen, a 1.1% decrease compared to the same period last year. The progress rate against the 25.5 billion yen full-year plan was 49.8%, also falling below the five-year average of 53.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 5.8% from the same period last year, reaching 12.7 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 5.55 billion yen, a 11.7% decrease compared to the same period last year. The operating profit margin worsened from 3.0% in the same period last year to 2.5%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	377,563	8,914	9,331	6,412	136.8	46.6	Oct 11, 2022	J-GAAP
Mar - Aug, 2023	400,148	12,410	12,851	8,534	181.9	51.5	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	421,885	12,232	12,706	8,914	189.9	49.8	Oct 7, 2024	J-GAAP
YoY	+5.4%	-1.4%	-1.1%	+4.5%	+4.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	50	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	421,885	12,232	12,706	8,914	189.9	50	Oct 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	409,561	11,708	12,097	8,404	179.1	50	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	431,515	12,468	12,794	8,086	186.9	50	Oct 7, 2024	J-GAAP
YoY	+5.4%	+6.5%	+5.8%	-3.8%	+4.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	765,426	19,148	20,015	13,327	284.4	70	Apr 10, 2023	J-GAAP
Feb, 2024	809,709	24,118	24,948	16,938	360.9	90	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	853,400	24,700	25,500	17,000	393.0	100	Apr 10, 2024	J-GAAP
YoY	+5.4%	+2.4%	+2.2%	+0.4%	+8.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	204,284	6,063	6,292	4,116	87.7	3.0	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	202,304	6,822	7,001	4,735	100.9	3.4	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	207,257	4,886	5,096	3,669	78.2	2.4	Apr 10, 2024	J-GAAP
Mar - May, 2024	206,382	6,945	7,151	4,867	103.7	3.4	Jul 8, 2024	J-GAAP
Jun - Aug, 2024	215,503	5,287	5,555	4,047	86.2	2.5	Oct 7, 2024	J-GAAP
YoY	+5.5%	-12.8%	-11.7%	-1.7%	-1.7%