Life Corporation (8194) Q2 2025 earnings summary

Executive summary

• Operating revenue for H1 FY2024 reached a record high of ¥421.885 billion, up 5.4% year-over-year, driven by new store openings, online supermarket expansion, and private brand initiatives.

• Net sales exceeded ¥400 billion for the first time, with ordinary profit at ¥12.7 billion, surpassing plans.

• Operating profit declined 1.4% year-over-year to ¥12.232 billion due to increased property and personnel expenses, despite productivity improvements.

• Profit attributable to owners of parent increased 4.4% year-over-year to ¥8.914 billion, the second highest since the pandemic, aided by lower extraordinary losses.

• The company continues to execute its 7th Medium-Term Plan, focusing on employee investment, differentiation, and sustainability.

Financial highlights

• Operating revenue: ¥421.9 billion (+5.4% YoY); Net sales: ¥406.2 billion (+5.3% YoY).

• Comprehensive income for the period was ¥8.968 billion, up 4.5% year-over-year.

• Earnings per share for the six months were ¥189.94, compared to ¥181.87 a year earlier.

• Cash flows from operating activities increased to ¥56.4 billion (+¥27.9 billion YoY), with cash and cash equivalents at period end of ¥28.6 billion (+271.7% YoY).

• Operating profit: ¥12.2 billion (down ¥178 million, -1.4% YoY); Ordinary profit: ¥12.7 billion (down ¥145 million, -1.1% YoY).

Outlook and guidance

• Full-year FY2024 forecast unchanged: operating revenue ¥853.4 billion (+5.4%), net sales ¥821.8 billion (+5.4%), profit ¥17.0 billion (+0.4%).

• Operating profit is projected at ¥24.7 billion (up 2.4%).

• Planned full-year dividend of ¥100 per share (+¥10 YoY), unchanged from prior guidance.

• No changes to previously announced earnings forecasts; management will monitor economic and consumer trends.