Life Corporation's first-half ordinary profit came to ¥13,063 million, down approximately 6% from the same period last year. Profit is also expected to decline in the June-August period, with ordinary profit forecast to fall approximately 5% year on year.
In the results for the six months through the second quarter, revenue increased from the previous fiscal year, while ordinary profit came to ¥13,063 million, down approximately 5.7% from the same period last year. The results table shows first-half operating profit of ¥12,448 million and net income of ¥8,589 million.
For the outlook for the second half under the current fiscal-year earnings forecast, ordinary profit is expected to come to ¥14,937 million, and some items are forecast to increase year on year, but overall growth is interpreted as limited compared with the first half. A note in the article states that the comparison uses earnings reports and disclosed data and does not reflect any changes in accounting standards.
The feature of these results is that, although the difference between the market forecast and actual first-half ordinary profit was not large, profit declined year on year. In the outlook for the second half, there remains room for ordinary profit to recover alongside revenue growth, but performance is still expected to remain cautious.