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

April 11, 2022 LIFE CORPORATION TEL: +81-3-5807-5111 (from overseas) Financial Results and Reference Documents for the Fiscal Year Ended February 28, 2022 Table of contents 1. Financial Summary ………………………………………………………………………………………………………………………..2 (Consolidated) ………………………………………………………………………………………………………………………………..2 (Non-consolidated) ………………………………………………………………………………………………………………………….2 2. Net Sales (Non-consolidated) ………………………………………………………………………………………………………….3 3. Results/Plans for Capital Expenditures (Consolidated) ……………………………………………………………………….5 4. Newly Launched Stores/Store Closures and Sales Floor Area at the End of the Fiscal Year (Non-consolidated) …………………………………………………………………………………………………………………………………6 5. Selling, General and Administrative Expenses …………………………………………………………………………………..7 (Consolidated) ………………………………………………………………………………………………………………………………..7 (Non-consolidated) ………………………………………………………………………………………………………………………….7 6. Employees and New Graduates Hired (Consolidated) …………………………………………………………………………7 7. Key Financial Indicators …………………………………………………………………………………………………………………8 (Consolidated) ………………………………………………………………………………………………………………………………..8 (Non-consolidated) ………………………………………………………………………………………………………………………….8 8. Company Overview ……………………………………………………………………………………………………………………….8 – 1 – 1. Financial Summary (Consolidated) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (Millions of yen, %)Fiscal year ending February 28, 2023 (forecast) Change Change Change Change Operating revenue 714,684 Net sales 693,062 2.3 2.2 759,146 736,346 6.2 6.2 768,335 745,080 1.2 1.2 770,000 746,000 Operating profit 13,879 13.0 27,388 97.3 22,932 (16.3) 23,200 Ordinary profit 14,558 13.5 28,156 93.4 23,695 (15.8) 24,000 7,834 5.9 17,824 127.5 15,208 (14.7) 15,500 40.00 50.00 70.00 70.00 Profit attributable to owners of parent Dividend per share (Yen) (Non-consolidated) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (Millions of yen, %)Fiscal year ending February 28, 2023 (forecast) Change Change Change Change Operating revenue 713,879 Net sales 693,062 (Net existing rate of change) 2.3 2.2 0.5 758,259 736,346 6.2 6.2 5.3 767,379 745,080 1.2 1.2 769,000 746,000 (0.7) Operating profit 13,851 12.7 27,193 96.3 22,808 (16.1) 22,900 Ordinary profit 14,541 13.2 27,972 92.4 23,556 (15.8) 23,700 Profit Newly launched stores 7,787 4.9 17,665 126.9 15,066 (14.7) 15,250 8 8 8 11 *The Company has applied the “Accounting Standard for Revenue Recognition” and relevant ASBJ regulations from the beginning of the fiscal year ending February 28, 2023. Therefore, the forecasted results are based on the said standard, etc., but the rate of change is not presented as the method for calculating operating revenue and net sales differs from the previous method. Operating revenue and net sales are expected to decrease by approximately ¥22.0 billion. The net existing rate of change has been presented as the method for calculation is the same as before. * * 1.2 1.3 1.9 * * 0.7 0.4 0.6 1.2 – 2 – 2. Net Sales (Non-consolidated) (1) Net sales/number of customers/average sale per customer (year on year) (%) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 All stores All stores All stores Existing stores Existing stores Existing stores 102.2 100.5 106.2 105.3 101.2 99.3 101.7 99.6 94.9 93.9 102.9 100.7 100.5 100.9 112.0 112.1 98.3 98.6 Net sales Number of customers Average sale per customer – 3 – (2) Net sales by division Department Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 YoY YoY YoY (Millions of yen, %)Compared with existing Sales composition Food 592,956 102.5 636,177 107.3 647,426 101.8 99.6 86.9 Agricultural Produce Marine Products Meat Products Process and Daily Lifestyle Products Apparel Others 87,735 99.6 98,563 112.3 98,578 100.0 98.0 13.2 52,497 104.0 57,700 109.9 59,063 102.4 100.1 7.9 74,302 103.6 83,262 112.1 83,448 100.2 98.0 11.2 Delicatessen 75,209 104.9 75,257 100.1 81,992 109.0 106.1 11.0 303,211 102.3 321,393 106.0 324,343 100.9 99.0 43.5 64,268 103.1 66,971 104.2 64,823 96.8 95.9 25,875 94.0 23,516 90.9 23,150 98.4 99.0 9,961 99.6 9,680 97.2 9,680 100.0 102.0 8.7 3.1 1.3 Total 693,062 102.2 736,346 106.2 745,080 101.2 99.3 100.0 (3) Net sales by region Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 (Stores, millions of yen, %)Fiscal year ended February 28, 2022 Number of stores Net sales Sales composition Number of stores Net sales Sales composition Number of stores Net sales Sales composition Tokyo Region 121 332,947 48.0 122 360,533 49.0 125 368,626 49.5 Tokyo Saitama Chiba Osaka Hyogo Nara Kyoto 81 228,657 33.0 81 248,660 33.8 84 251,101 33.7 8 5 21,481 9,529 3.1 1.4 8 5 22,052 9,447 3.0 1.3 7 5 21,916 9,000 3.0 1.2 Kanagawa 27 73,278 10.5 28 80,373 10.9 29 86,607 11.6 Osaka Region 154 360,114 52.0 158 375,812 51.0 160 376,454 50.5 121 279,600 40.3 122 290,313 39.4 124 289,303 38.8 14 4 15 37,913 10,154 32,446 5.5 1.5 4.7 17 4 15 42,224 9,970 33,303 5.7 1.4 4.5 17 3 16 44,434 8,516 34,199 6.0 1.1 4.6 Total 275 693,062 100.0 280 736,346 100.0 285 745,080 100.0 – 4 – (4) Gross profit ratio by division Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 Change Change Change Department Food Agricultural Produce Marine Products Meat Products Delicatessen Process and Daily Lifestyle Products Apparel Others Total 29.9 27.3 29.8 29.3 53.7 24.9 24.9 38.4 9.9 29.5 +0.8 +1.7 +1.1 +0.6 +0.7 +0.3 +0.4 +0.6 (0.1) +0.7 New store investment Renovation investment System investment Others Total 6,595 4,052 1,665 7,555 19,867 Note: Above is based on construction (%)+0.4 +0.7 0.0 (0.1) +0.2 0.0 (0.2) +0.5 (0.1) +0.3 16,500 2,400 6,500 4,100 29,500 31.1 28.8 32.3 31.1 54.7 26.0 26.9 38.8 10.3 30.6 10,204 5,177 3,214 10,661 29,256 +1.2 +1.5 +2.4 +1.8 +1.0 +1.1 +1.9 +0.5 +0.4 +1.2 31.4 29.5 32.3 31.0 54.9 26.0 26.7 39.4 10.2 31.0 7,179 6,468 2,591 6,610 22,848 3. Results/Plans for Capital Expenditures (Consolidated) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (Millions of yen)Fiscal year ending February 28, 2023 (plan) – 5 – 5 6 8 4. Newly Launched Stores/Store Closures and Sales Floor Area at the End of the Fiscal Year (Non-consolidated) (1) Newly launched stores in the fiscal year ended February 28, 2022 8 stores (4 stores in Tokyo Region and 4 stores in Osaka Region) Name of store Location Sales floor area (m2) Date of launch 1 Higashinippori Store 2 Mizonokuchi Store 3 Shijo karasuma Store Arakawa-ku, Tokyo Takatasu-ku, Kawasaki-shi Shimogyo-ku, Kyoto-shi 4 Hongo 3-chome Ekimae Store Bunkyo-ku, Tokyo BIO-RAL EKI MARCHÉ OSAKA Store Kita-ku, Osaka-shi 7 HIRAKATA T-SITE Store Hirakata-shi, Osaka BIO-RAL Shimokitazawa Ekimae Store Setagaya-ku, Tokyo (2) Store closures in the fiscal year ended February 28, 2022 3 stores (1 store in Tokyo Region and 2 stores in Osaka Region) 2,430 March 13, 2021 3,005 April 21, 2021 1,205 September 15, 2021 498 306 952 132 September 25, 2021 October 26, 2021 December 8, 2021 February 26, 2022 SEVEN PARK Amami Store Matsubara-shi, Osaka 1,788 November 17, 2021 Name of store Location Sales floor area (m2) Date of closure 1 Gakuenmae Store Nara-shi, Nara 10,500 August 31, 2021 2 Amami Store Matsubara-shi, Osaka Iruma-gun, Saitama 3 Moroyama Store (3) Stores planned to be launched in the fiscal year ending February 28, 2023 11 stores (7 stores in Tokyo Region and 4 stores in Osaka Region) Name of store (provisional name/format) Central Square Yebisu Garden Place Store Shibuya-ku, Tokyo Location 1 Sales floor area (m2) Date of launch (planned) 1,765 April 15, 2022 2,046 6,000 October 31, 2021 February 13, 2022 2 Horikawa Kitayama Store Kita-ku, Kyoto-shi 992 April 27, 2022 3 Kameido Clock Store Koto-ku, Tokyo 2,648 April 28, 2022 4 BIO-RAL Shinjuku Marui Store Shinjuku-ku, Tokyo 5 Moriguchi Takii Store Moriguchi-shi, Osaka 6 Nishiogikubo Store Suginami-ku, Tokyo 7 Toyosu Store (Hanazono Central Park Store/SM) (Shijo Omiya Store/SM) 8 9 10 (SM) 11 (SM) Koto-ku, Tokyo Higashi Osaka-shi, Osaka Nakagyo-ku, Kyoto Yokohama-shi, Kanagawa Shinjuku-ku, Tokyo 231 2,295 2,940 2,172 1,492 1,328 – – First half First half First half First half Second half Second half Second half Second half – 6 – (4) Sales floor area at the end of the fiscal year (m2) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 675,650 676,949 668,916 Sales floor area at the end of the fiscal year 5. Selling, General and Administrative Expenses (Consolidated) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 Ratio to net sales Ratio to net sales Ratio to net sales YoY (Millions of yen, %)Personnel expenses 97,430 14.1 104,076 14.1 109,579 Non-personnel expenses 101,740 14.7 103,888 14.1 107,405 14.7 14.4 105.3 103.4 Depreciation 12,715 1.8 13,110 1.8 14,061 1.9 107.2 Total 211,885 30.6 221,075 30.0 231,046 31.0 104.5 (Non-consolidated) Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 Ratio to net sales Ratio to net sales Ratio to net sales YoY (Millions of yen, %)Personnel expenses 97,333 14.0 103,977 14.1 109,468 Non-personnel expenses 101,101 14.6 103,337 14.0 106,705 14.7 14.3 105.3 103.3 Depreciation 12,673 1.8 13,069 1.8 14,040 1.9 107.4 Total 211,108 30.5 220,384 29.9 230,214 30.9 104.5 6. Employees and New Graduates Hired (Consolidated) (1) Employees Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 Number of people Number of people Number of people Composition ratio Composition ratio Composition ratio 6,384 21,342 23.0 77.0 6,576 23,072 22.2 77.8 6,847 23,400 22.6 77.4 (People, %)Total 27,726 100.0 29,648 100.0 30,247 100.0 * Number of people at end of fiscal year Partners are the number of people calculated on the basis of eight hours Employees Partners per day (2) New graduates hired (People) Joined in 2021 Joined in 2022 Total number of new graduates hired 264 337 – 7 – 7. Key Financial Indicators (Consolidated) Ratio of operating profit to operating revenue Ratio of ordinary profit to operating revenue Ratio of profit to operating revenue Ratio of ordinary profit to total assets Ratio of profit to total assets Return on equity Equity ratio (Non-consolidated) Ratio of operating profit to operating revenue Ratio of ordinary profit to operating revenue Ratio of profit to operating revenue Ratio of ordinary profit to total assets Ratio of profit to total assets Return on equity Equity ratio 8. Company Overview Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 Fiscal year ended February 29, 2020 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (%)(%)3.0 3.1 2.0 8.8 5.6 14.6 40.8 3.0 3.1 2.0 8.6 5.5 14.4 40.2 3.6 3.7 2.3 10.6 6.7 19.9 36.4 3.6 3.7 2.3 10.3 6.5 19.5 35.7 1.9 2.0 1.1 5.7 3.1 10.0 31.0 1.9 2.0 1.1 5.6 3.0 9.8 30.7 – 8 – Name of company Founded Established Share capital Total number of issued shares Consolidated subsidiary LIFE CORPORATION 1910 October 24, 1956 ¥10,004 million 49,450,800 shares One company, LIFE FINANCIAL SERVICE