LIFULL : Consolidated Financial Report for the Nine-month Period Ended June 30, 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 Nine-month Period

Ended June 30, 2021 (IFRS)

				August 10, 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:	August 10, 2021
Scheduled date of start of dividend payments:	-
Preparation of supporting documentation for earnings:	Yes
Earnings presentations:		None

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

1. Consolidated Financial Results for the Nine-month Period Ended June 30, 2021 (October 1, 2020 to June 30, 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		%
Nine-months ended	26,925	0.1	2,476	(32.8)	2,294		(33.4)	1,479	(36.4)	1,477		(36.4)	3,193		3.1
June 30, 2021
Nine-months ended	26,892	(8.4)	3,686	9.0	3,445		9.4	2,326	16.2	2,323		14.1	3,099		425.2
June 30, 2020
				Basic earnings per	Diluted earnings per
					share (yen)	share (yen)
Nine-months Ended June 30, 2021				11.21			11.20
Nine-months ended June 30, 2020				17.34			17.34

Note: Diluted quarterly earnings per share for the third quarter of the previous consolidated fiscal year have been calculated at the same value as the basic quarterly earnings per share, as there are no residual shares outstanding.

(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 June 30, 2021	53,977	36,156	36,042	66.8
As of September 30, 2020	55,560	33,639	33,487	60.3

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

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 FY 2021/9 (October 1, 2020 to September 30, 2021)

(Percentages indicate year-over-year change)

	Revenue		Operating income	Profit attributable to owners	Basic earnings per
		of the parent		share
	million yen		(%)	million yen	(%)	million yen		(%)	yen
Fiscal 2021	38,476		8.7	3,434	38.2	2,033		74.9	15.43

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

Note 2: As provisional accounting methods for corporate mergers were determined during the third quarter of the current fiscal year, the same provisional accounting methods have been applied to values for the fiscal year ended September 30, 2020. Rates of change compared to the previous fiscal year have also been calculated based on the adjusted values.

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* 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 June 30, 2021	134,239,870	As of September 30, 2020	134,239,870
As of June 30, 2021	2,458,256	As of September 30, 2020	2,458,256
As of June 30, 2021	131,781,614	As of June 30, 2020	134,052,823

• This consolidated financial report is not subject to quarterly CPA or External Auditor reviews.
• Regarding appropriate use of result forecasts and other notes
• • Details of the Company's Earnings Reports and Presentations are available on the LIFULL IR website (https://lifull.com/en/ir/)
  • The Company holds briefings as appropriate for individual investors. Please refer to the LIFULL IR website for contact information.

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(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 and 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

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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	June 30, 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	13,254,374
4,723,158	4,965,346
624,112	537,705
1,773,193	2,452,782
23,083,211	21,210,209
1,756,982	1,488,838
4,476,985	3,624,174
19,421,525	20,966,262
2,982,628	3,062,564
447,167	340,900
2,071,117	2,085,178
1,307,541	1,150,606
13,275	49,195
32,477,223	32,767,721
55,560,435	53,977,930

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			(Thousands of yen)
		As of	As of
		September 30, 2020	June 30, 2021
Liabilities and equity
Liabilities
Current liabilities
Accounts payable and other current payables	2,664,624	3,186,671
Short-term loans	8,631,569	6,896,635
Lease liabilities	832,799	750,884
Accrued corporate income taxes	1,249,737	237,648
Provisions	42,333	－
Other current liabilities	2,594,973	1,580,288
Total current liabilities	16,016,038	12,652,128
Non-current liabilities
Short-term loans	767,298	838,720
Lease obligations	3,720,010	2,950,164
Provisions	510,657	510,914
Other Long-term financial liabilities	－	24,605
Deferred tax liabilities	551,123	500,710
Other non-current liabilities	356,171	343,774
Total non-current liabilities	5,905,261	5,168,889
Total liabilities	21,921,299	17,821,018
Equity
Attributable to the owners of the parent
Capital stock	9,716,363	9,716,363
Capital surplus	9,922,957	9,983,820
Retained earnings	16,834,306	17,614,356
Treasury shares	(1,009,262)	(1,009,262)
Other components of equity	(1,976,672)	(262,463)
Attributable to the owners of the parent	33,487,692	36,042,813
Attributable to non-controlling interests	151,443	114,098
Total equity	33,639,135	36,156,912
Total liabilities and equity	55,560,435	53,977,930

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