LIFULL : Consolidated Financial Report for the Six-month Period Ended March 31, 2021 (IFRS)

The English translation of this financial report was prepared for reference purposes only. The financial information contained in this report is delivered from our unaudited financial statements.

Consolidated Financial Report for the Six-month Period

Ended March 31, 2021 (IFRS)

				May 13, 2021
Company name:	LIFULL Co., Ltd.		Listed exchange:	Tokyo Stock Exchange
Stock code:	2120		URL:	https://lifull.com/en/ir/
Representative:	INOUE Takashi	(Position) President and CEO
Contact:	FUKUZAWA Hidekazu	(Position) Managing Officer, General Manager of (TEL) [phone]
		Group Company Business Development
		Department
Scheduled quarterly securities report submission date:	May 13, 2021
Scheduled date of start of dividend payments:	-
Preparation of supporting documentation for earnings:	Yes
Earnings presentations:		Yes (For institutional investors and analysts)

(Millions of yen; amounts have been rounded down to the nearest million yen)

1. Consolidated Financial Results for the Six-month Period Ended March 31, 2021 (October 1, 2020 to March 31, 2021)

(1) Consolidated Operating Results

(Percentages indicate year-over-year change)

				Operating	Profit before			Profit attributable	Total
	Revenue	Net profit	to owners of the	comprehensive
		income	income taxes
							parent		income
	million yen		%	million yen	%	million yen		%	million yen	%	million yen		%	million yen		%
Six-months ended	17,852		(6.9)	1,824	(25.2)	1,698		(25.5)	1,057	(28.5)	1,051		(28.8)	2,399		37.1
March 31, 2021
Six-months ended	19,185		(2.1)	2,438	41.8	2,279		48.2	1,478	58.1	1,476		53.5	1,749		-
March 31, 2020
					Basic earnings per	Diluted earnings per
						share (yen)	share (yen)
Six-months ended March 31, 2021					7.98			7.98
Six-months ended March 31, 2020					11.01			11.01

Note 1: As provisional accounting methods for corporate mergers were determined during the third quarter of the previous fiscal year, the same provisional accounting methods have been applied for values in the second quarter of the fiscal year ended on September 30, 2020.

(2) Consolidated Financial Position

	Total assets	Total equity	Equity attributable to the	Equity attributable to the
	owners of the parent	owners of the parent ratio
	million yen	million yen	million yen	%
As of March 31, 2021	55,043	35,326	35,209	64.0
As of September 30, 2020	55,319	33,647	33,495	60.5

2. Dividends

			Annual dividend
	First quarter-	Second quarter-	Third quarter-	Fiscal year-end	Total
	end	end	end
	yen	yen	yen	yen	yen
FY 2020/9	-	0.00	-	5.29	5.29
FY 2021/9	-	0.00
FY 2021/9 (Forecast)			-	-	-

Note 1: There have been no changes to the dividend forecast.

Note 2: Dividends for FY 2021/9 are expected to be calculated based on a payout ratio of 25%.

3. Forecasts on the Consolidated Results for Fiscal 2021 (October 1, 2020 to September 30, 2021)

(Percentages indicate year-over-year change)

	Revenue		Operating income	Profit attributable to owners	Basic earnings per share
		of the parent
	million yen		(%)	million yen	(%)	million yen	(%)	yen
Fiscal 2021	38,476		8.7	3,434	37.5	2,033	73.7	15.43

Note 1: There have been no changes to the most recently announced dividend forecast.

- 1 -

* Notes

1. There have been no changes in material subsidiaries during the term.
2. Changes in accounting policies and changes or restatement of accounting estimates

[1] Changes in accounting policies required by IFRS	: No
[2] Changes in accounting policies other than [1]	: No
[3] Changes in accounting estimates	: No

1. Number of shares issued (common stock)

1. Number of shares issued at the end of the period (including treasury stock)
2. Treasury shares at the end of the period
3. Average shares during the period

As of March 31, 2021	134,239,870	As of September 30, 2020	134,239,870
As of March 31, 2021	2,458,256	As of September 30, 2020	2,458,256
As of March 31, 2021	131,781,614	As of March 31, 2020	134,165,340

• This consolidated financial report is not subject to quarterly CPA or External Auditor reviews.
• Regarding appropriate use of result forecasts and other notes
• • The Company plans to hold an online earnings briefing for institutional investors and analysts. Scenes from the briefing and presentation content (audio recordings) will be made available on the Company's website as soon as possible thereafter.
  • May 14, 2021 (Friday) : Online earnings presentation for institutional investors and analysts.
  • In addition, the Company holds briefings as appropriate for individual investors. Please refer to the LIFULL IR website for more details. (https://lifull.com/en/ir/)

- 2 -

-

(Appendix)

Contents
1. Condensed Consolidated Financial Statements and Significant Notes	...............4
(1)	Condensed Consolidated Statements of Financial Position...........................................	4
(2)	Condensed Consolidated Statements of Profit or Loss and
	Condensed Consolidated Statements of Comprehensive Income ................................	6
(3)	Condensed Consolidated Statements of Changes in Equity ........................................	10
(4) Condensed Consolidated Statements of Cash Flows ......................................................	11
(5)	Notes on the Consolidated Financial Statements ............................................................	12

- 3 -

1. Condensed Consolidated Financial Statements and Significant Notes

(1) Condensed Consolidated Statements of Financial Position

	(Thousands of yen)
As of	As of
September 30, 2020	March 31, 2021

Assets Current assets

Cash and cash equivalents

Accounts receivable-trade and other current receivables

Other short-term financial assets Other current assets

Total current assets

Non-current assets Property, plant and equipment Right-of-use assets Goodwill

Intangible assets

Investments accounted for using the equity method

Other long-term financial assets Deferred tax assets

Other non-current assets Total non-current assets

Total assets

15,962,746	14,134,451
4,723,158	5,506,346
624,112	544,873
1,773,193	1,991,086
23,083,211	22,176,757
1,756,982	1,590,795
4,476,985	4,046,423
19,913,128	21,182,702
2,250,189	2,378,561
447,167	372,478
2,071,117	2,210,768
1,307,541	1,034,601
13,275	50,507
32,236,387	32,866,839
55,319,599	55,043,597

- 4 -

			(Thousands of yen)
		As of	As of
		September 30, 2020	March 31, 2021
Liabilities and equity
Liabilities
Current liabilities
Accounts payable and other current payables	2,664,624	3,297,098
Short-term loans	8,631,569	8,246,640
Lease liabilities	832,799	800,656
Accrued corporate income taxes	1,249,737	426,745
Provisions	42,333	-
Other current liabilities	2,594,973	1,630,869
Total current liabilities	16,016,038	14,402,010
Non-current liabilities
Short-term loans	767,298	834,000
Lease obligations	3,720,010	3,334,590
Provisions	510,657	510,828
Deferred tax liabilities	302,094	298,288
Other non-current liabilities	356,171	337,042
Total non-current liabilities	5,656,232	5,314,750
Total liabilities	21,672,270	19,716,760
Equity
Attributable to the owners of the parent
Capital stock	9,716,363	9,716,363
Capital surplus	9,922,957	9,940,160
Retained earnings	16,842,500	17,197,339
Treasury shares	(1,009,262)	(1,009,262)
Other components of equity	(1,976,672)	(634,861)
Attributable to the owners of the parent	33,495,885	35,209,739
Attributable to non-controlling interests	151,443	117,097
Total equity	33,647,328	35,326,837
Total liabilities and equity	55,319,599	55,043,597

- 5 -