ライフコーポレーション（8194） – ［Delayed］Consolidated Financial Results for the Fiscal Year Ended February 28,2022(under Japanese GAAP)

Note: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the Japanese original, the latter shall prevail. Consolidated Financial Results for the Fiscal Year Ended February 28, 2022 (under Japanese GAAP) April 11, 2022 LIFE CORPORATION Tokyo Stock Exchange 8194 http://www.lifecorp.jp/ Takaharu Iwasaki, Representative Director and President Koichi Miyata, General Manager, Investor Relations Department +81-3-5807-5111 (from overseas) Company name: Listing: Securities code: URL: Representative: Inquiries: TEL: 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: Yes Holding of annual financial results meeting: May 26, 2022 May 27, 2022 May 27, 2022 Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down.) 1. Consolidated financial results for the fiscal year ended February 28, 2022 (from March 1, 2021 to February 28, 2022) (1) Consolidated operating results (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % 768,335 759,146 1.2 6.2 22,932 (16.3) 23,695 (15.8) 15,208 (14.7) 27,388 97.3 28,156 93.4 17,824 127.5 Fiscal year ended February 28, 2022 February 28, 2021 Note: Comprehensive income Fiscal year ended February 28, 2022: Fiscal year ended February 28, 2021: ¥15,322 million [(16.3)%] ¥18,314 million [139.0%] Reference: Operating revenue is the total of net sales and receipts from operating revenue. Net sales Fiscal year ended February 28, 2022: Fiscal year ended February 28, 2021: Receipts from operating revenue Fiscal year ended February 28, 2022: Fiscal year ended February 28, 2021: ¥745,080 million [1.2%] ¥736,346 million [6.2%] ¥23,254 million [2.0%] ¥22,800 million [5.5%] Earnings per share Return on equity Diluted earnings per share Ordinary profit/ total assets Operating profit/operating revenue Fiscal year ended February 28, 2022 February 28, 2021 Yen 324.50 380.32 % 14.6 19.9 % 8.8 10.6 % 3.0 3.6 Reference: Share of profit (loss) of entities accounted for using equity method Fiscal year ended February 28, 2022: Fiscal year ended February 28, 2021: ¥ million ¥ million Yen – 1 – (2) Consolidated financial position Total assets Net assets Equity ratio Net assets per share Millions of yen Millions of yen 270,229 268,307 110,299 97,560 % 40.8 36.4 Yen 2,353.44 2,081.61 As of February 28, 2022: ¥110,299 million As of February 28, 2021: ¥97,560 million (3) Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen Millions of yen Millions of yen Millions of yen (7,926) 41,747 (20,303) (20,587) 22,695 (19,029) 9,409 14,943 Annual dividends First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Total cash dividends (Annual) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen Yen Yen Yen Yen Millions of yen 25.00 30.00 35.00 25.00 50.00 2,345 40.00 70.00 3,287 35.00 70.00 % 13.1 21.6 21.2 % 2.6 3.2 As of February 28, 2022 February 28, 2021 Reference: Equity Fiscal year ended February 28, 2022 February 28, 2021 2. Cash dividends Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 Fiscal year ending February 28, 2023 (Forecast) Note: 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) Operating revenue Operating profit Ordinary profit (Percentages indicate year-on-year changes.) Profit attributable to owners of parent Earnings per share Fiscal year ending February 28, 2023 Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 770,000 – 23,200 1.2 24,000 1.3 15,500 1.9 330.72 Note: The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc., from the beginning of the fiscal year ending February 28, 2023. Therefore, the above consolidated earnings forecasts represent the amounts 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. The Company expects operating revenue to decrease by approximately ¥22.0 billion due to this change. – 2 – * Notes (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change 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: None iii. 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 28, 2022 As of February 28, 2021 49,450,800 shares 53,450,800 shares ii. Number of treasury shares at the end of the period As of February 28, 2022 As of February 28, 2021 2,583,502 shares 6,583,138 shares iii. Average number of shares during the period Fiscal year ended February 28, 2022 46,867,560 shares Fiscal year ended February 28, 2021 46,868,068 shares Note: The number of treasury shares at the end of the period includes the Company’s shares (90,300 shares as of February 28, 2022, and 90,300 shares as of February 28, 2021) held by Custody Bank of 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 of shares during the period. (90,300 shares as of February 28, 2022, and 90,300 shares as of February 28, 2021) Reference: Overview of non-consolidated financial results 1. Non-consolidated financial results for the fiscal year ended February 28, 2022 (from March 1, 2021 to February 28, 2022) (1) Non-consolidated operating results (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit Millions of yen % Millions of yen % Millions of yen % Millions of yen % 767,379 758,259 1.2 6.2 22,808 (16.1) 23,556 (15.8) 15,066 (14.7) 27,193 96.3 27,972 92.4 17,665 126.9 Fiscal year ended February 28, 2022 February 28, 2021 Fiscal year ended February 28, 2022 February 28, 2021 Earnings per share Diluted earnings per share Yen 321.46 376.93 Yen – 3 – (2) Non-consolidated financial position Total assets Net assets Equity ratio Net assets per share Millions of yen Millions of yen 275,299 274,950 110,634 98,170 % 40.2 35.7 Yen 2,360.60 2,094.63 As of February 28, 2022 February 28, 2021 Reference: Equity As of February 28, 2022: As of February 28, 2021: ¥110,634 million ¥98,170 million 2. Non-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 Ordinary profit Profit Earnings per share Fiscal year ending February 28, 2023 Millions of yen % Millions of yen % Millions of yen % 769,000 – 23,700 0.6 15,250 1.2 Yen 325.39 Note: The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc., from the beginning of the fiscal year ending February 28, 2023. Therefore, the above non-consolidated earnings forecasts represent the amounts 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. The Company expects operating revenue to decrease by approximately ¥22.0 billion due to this change. * Financial results reports are not required to be subjected to audit conducted by certified 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. – 4 –