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

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 68.4 46.6 Oct 11, 2022 J-GAAP
Mar - Aug, 2023 400,148 12,410 12,851 8,534 90.9 51.5 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 421,885 12,232 12,706 8,914 95.0 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 － 25 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 421,885 12,232 12,706 8,914 95.0 25 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 89.5 25 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 431,515 12,468 12,794 8,086 93.5 25 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 13,327 142.2 35 Apr 10, 2023 J-GAAP
Feb, 2024 809,709 24,118 24,948 16,938 180.5 45 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 853,400 24,700 25,500 17,000 196.5 50 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 43.9 3.0 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 202,304 6,822 7,001 4,735 50.5 3.4 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 207,257 4,886 5,096 3,669 39.1 2.4 Apr 10, 2024 J-GAAP
Mar - May, 2024 206,382 6,945 7,151 4,867 51.9 3.4 Jul 8, 2024 J-GAAP
Jun - Aug, 2024 215,503 5,287 5,555 4,047 43.1 2.5 Oct 7, 2024 J-GAAP
YoY +5.5% -12.8% -11.7% -1.7% -1.7%

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