AEON DELIGHT CO., LTD. C o m p a n y | AEON DELIGHT Co., Ltd. | Listed on the TSE1 |
S t o c k C o d e | 9787 URL: http://www.aeondelight.co.jp | |
Representative | Ippei Nakayama, President and CEO | |
C o n t a c t | Susumu Takahashi General Manager, Group Strategy Div. | TEL: +81-6-6260-5632 |
Planned date for annual shareholders' meeting: May 22, 2015 Planned date for commencement of dividend payment: May 8, 2015 | ||
Planned date for filing of annual securities report: May 25, 2015 | ||
Preparation of supplementary financial document: Yes | ||
Results briefing: Yes (for institutional investors and analysts) |
１. Consolidated business results for the fiscal year ended February 2015 (March 1, 2014 through February 28, 2015)
（Rounded down to million yen）
(1) Consolidated results of operations (% change from the previous corresponding period)
Net sales | Operating income | Ordinary income | Net income | |
Year ended Feb. 2015 Year ended Feb. 2014 | Million yen % 266,705 3.7 257,243 3.4 | Million yen % 15,861 4.9 15,115 8.7 | Million yen % 15,943 5.6 15,092 8.6 | Million yen % 8,725 6.9 8,161 8.7 |
(Note) Comprehensive income:
Year ended February 2015: 9,202 million yen (0.3%) Year ended February 2014: 9,173million yen (15.1%)
Net income per share | Diluted net income per share | Return on equity | Ratio of ordinary income to total assets | Ratio of operating income to net sales | |
Year ended Feb. 2015 Year ended Feb. 2014 | Yen 166.17 155.54 | Yen 165.79 155.17 | % 12.0 12.3 | % 13.4 14.2 | % 5.9 5.9 |
(Reference) Investment earnings/loss on equity-method:
Year ended February 2015: - million yen
Year ended February 2014: - million yen
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | |
As of Feb. 2015 As of Feb. 2014 | Million yen 126,044 112,122 | Million yen 77,495 71,316 | % 59.8 62.0 | Yen 1,435.64 1,324.84 |
(Reference) Shareholders' equity:
As of February 2015: 75,406 million yen
As of February 2014: 69,553 million yen
(3) Consolidated results of cash flows
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at the end of period | |
Year ended Feb. 2015 Year ended Feb. 2014 | Million yen 17,234 21,359 | Million yen -11,365 -16,632 | Million yen -2,594 -2,475 | Million yen 15,476 12,028 |
Annual dividend | Total dividend (Total) | Dividend payout ratio (Consolidated) | Rate of total dividend to net assets (Consolidated) | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | Total dividend (Total) | Dividend payout ratio (Consolidated) | Rate of total dividend to net assets (Consolidated) | |
Year ended Feb. 2014 Year ended Feb. 2015 | Yen - - | Yen 24.00 25.00 | Yen - - | Yen 24.00 25.00 | Yen 48.00 50.00 | Million yen 2,519 2,625 | % 30.9 30.1 | % 3.8 3.6 |
Year ending Feb. 2016 (forecast) | - | 26.00 | - | 26.00 | 52.00 | 29.1 |
－ 1 －
3．Forecast of consolidated business results for the fiscal year ending February 2016 (March 1, 2015 through February 29, 2016) (% change from the previous corresponding period)Net sales | Operating income | Ordinary income | Net income | Net income per share | |
For the six months ending Aug. 2015 Year ending Feb. 2016 | Million yen % 138,000 2.9 280,000 5.0 | Million yen % 8,000 3.9 17,000 7.2 | Million yen % 8,000 3.5 17,000 6.6 | Million yen % 4,500 2.7 9,400 7.7 | Yen 84.72 178.96 |
※Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
New: - Excluded: -
(2) Changes in accounting policies, accounting estimates and restatement
①Changes in accounting policies associated with revision of accounting standards:
②Changes in accounting policies other than ①
③Changes in accounting estimates
④Restatement
(3) Shares outstanding (common stock)
① Number of shares outstanding at the end of period (treasury stock included)
: Yes
: None
: None
: None
As of February 2015
As of February 2014
54,169,633 shares
54,169,633 shares
② Treasury stock at the end of period:
As of February 2015
As of February 2014
1,645,216 shares
1,669,701 shares
③ Average number of stock during period
Year ended February 2015
Year ended February 2014
52,510,743 shares
52,475,845 shares
(1) Non-consolidated results of operations (% change from the previous corresponding period)
Net sales | Operating income | Ordinary income | Net income | |
Year ended Feb. 2015 Year ended Feb. 2014 | Million yen % 233,938 1.9 229,554 1.3 | Million yen % 13,483 0.8 13,379 6.4 | Million yen % 13,810 0.1 13,795 7.2 | Million yen % 7,990 -0.9 8,064 11.4 |
Net income per share | Diluted net income per share | |
Year ended Feb. 2015 Year ended Feb. 2014 | Yen 152.16 153.68 | Yen 151.81 153.31 |
(2) Non-consolidated financial position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | |
As of Feb. 2015 As of Feb. 2014 | Million yen 112,790 103,189 | Million yen 73,023 67,790 | % 64.6 65.5 | Yen 1,387.12 1,288.10 |
(Reference) Shareholders' equity:
As of February 2015: 72,857 million yen
As of February 2014: 67,625 million yen
－ 2 －
*Implementation status of auditing proceduresThis financial summary is not subject to auditing procedures pursuant to the Financial Instruments and Exchange Act. At the time of disclosure of this report, the auditing procedures of financial statements pursuant to the Financial Instruments and Exchange Act have not been completed.
*Explanation regarding appropriate use of business forecasts and other special instructionsThe above forecasts are based on information currently available to the company as of the announcement of the report. Actual results may differ from the forecasts due to various factors.
Since the company conducts consolidated accounting-based group management, only the forecast of consolidated results
is disclosed.
－ 3 －
Consolidated Financial Statements
(Consolidated Balance Sheet)
Assets
Current assets
Fiscal year ended February 28, 2014 (February 28, 2014)
(Million yen)
Fiscal year ended February 28, 2015 (February 28, 2015)
Cash and deposits 12,565 15,580
Notes and accounts receivable-trade 34,952 36,674
Electronically recorded monetary obligations 2,468 3,381
Inventories 2,504 2,618
Deferred tax assets 1,579 1,655
Deposit of subsidiaries and affiliates 32,420 41,326
Other 4,146 3,410
Allowance for doubtful accounts -290 -168
Total current assets 90,347 104,477
Fixed assets
Tangible fixed assets
Buildings and structures, net 1,046 1,009
Machinery for area control, net 238 211
Tools, furniture and fixtures, net 2,487 2,516
Land 278 278
Other, net 207 345
Total tangible fixed assets 4,258 4,361
Intangible fixed assets
Goodwill 10,078 9,069
Other 1,609 1,867
Total intangible fixed assets 11,687 10,937
Investments and other assets
Investment securities 3,897 3,768
Deferred tax assets 254 284
Other 1,877 2,750
Allowance for doubtful accounts -199 -535
Total investments and other assets 5,829 6,268
Total fixed assets 21,775 21,567
Total assets 112,122 126,044
－ 4 －
Liabilities
Current liabilities
Fiscal year ended February 28, 2014 (February 28, 2014)
(Million yen)
Fiscal year ended February 28, 2015 (February 28, 2015)
Notes and accounts payable-trade 21,895 24,968
Electronically recorded monetary obligations 4,806 5,934
Current portion of bonds 5 - Accounts payable-other 4,630 5,729
Income taxes payable 3,633 3,795
Accrued consumption taxes 699 2,461
Reserve for bonuses 975 936
Reserve for directors' bonuses 95 115
Other 2,564 2,698
Total current liabilities 39,306 46,640
Fixed liabilities
Deferred tax assets 689 418
Reserve for retirement benefits 555 -
Reserve for directors' retirement benefits 170 189
Liabilities relating to retirement benefits - 1,212
Asset retirement obligation 20 24
Other 64 63
Total fixed liabilities 1,500 1,908
Total liabilities 40,806 48,549
Net assets
Shareholders' equity
Capital 3,238 3,238
Capital surplus 18,818 18,850
Retained earnings 46,235 52,388
Treasury stock -449 -443
Total shareholders' equity 67,842 74,032
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 1,365 1,194
Foreign currency translation adjustment 346 601
Total accumulated adjustment relating to retirement benefits - -422
Total accumulated other comprehensive income 1,711 1,373
Stock acquisition rights 165 166
Minority interest 1,597 1,922
Total net assets 71,316 77,495
Total liabilities and net assets 112,122 126,044
－ 5 －
Consolidated Statement of Income and Statement of Comprehensive Income
(Consolidated Statement of Income)
Fiscal year ended February 28, 2014 (March 1, 2013 - February 28, 2014)
(Million yen)
Fiscal year ended February 28, 2015 (March 1, 2014 - February 28, 2015)
Net sales 257,243 266,705
Cost of sales 223,528 231,588
Gross profit 33,714 35,117
Selling, general and administrative expenses 18,599 19,256
Operating income 15,115 15,861
Non-operating revenues
Interest income 89 95
Dividend income 41 41
Other 32 91
Total non-operating revenues 163 228
Non-operating expenses
Interest expenses 5 16
Other 180 129
Total non-operating expenses 186 145
Ordinary income 15,092 15,943
Extraordinary profit
Gain on sale of investment securities 28 15
Total extraordinary profit 28 15
Extraordinary loss
Impairment loss - 256
Loss on business liquidation - 97
Accident loss 511 - Loss on retirement of noncurrent assets 17 - Others - 3
Total extraordinary loss 529 357
Income before income taxes and minority interests 14,592 15,600
Income taxes-current 6,343 6,675
Income taxes-deferred -150 -144
Total income taxes 6,192 6,530
Net income before minority interests 8,399 9,070
Minority interests in income 237 344
Net income 8,161 8,725
－ 6 －
(Consolidated Statement of Comprehensive Income)
Fiscal year ended February 28, 2014 (March 1, 2013 - February 28, 2014)
(Million yen)
Fiscal year ended February 28, 2015 (March 1, 2014 - February 28, 2015)
Net income before minority interests 8,399 9,070
Other comprehensive income
Valuation difference on available-for-sale securities 425 -171
Foreign currency translation adjustment 347 303
Total other comprehensive income 773 131
Comprehensive income 9,173 9,202 (Breakdown)
Comprehensive income attributable to shareholders
of the parent company 8,880 8,810
Comprehensive income attributable to minority
shareholders 292 391
－ 7 －
Consolidated Statement of Cash Flows
Net cash provided by (used in) operating activities
Fiscal year ended February 28, 2014 (March 1, 2013 - February 28, 2014)
(Million yen)
Fiscal year ended February 28, 2015 (March 1, 2014 - February 28, 2015)
Income before income taxes and minority interests 14,592 15,600
Depreciation and amortization 1,294 1,341
Impairment loss - 256
Amortization of goodwill 1,138 1,125
Increase (decrease) in provision for bonuses 27 -41
Increase (decrease) in provision for directors'
retirement 4 19
Increase (decrease) in provision for retirement
benefits 1 -
Increase (decrease) in liabilities relating to retirement benefits - -8
Interest and dividends income -130 -136
Interest expenses 5 16
Loss (gain) on sale of investment securities -28 -15
Decrease (increase) in notes and accounts receivable-trade 7,846 -2,467
Increase (decrease) in notes and accounts payable-trade 2,056 4,075
Increase (decrease) in accounts payable-other 1,031 1,003
Increase (decrease) in accrued consumption taxes 201 1,762
Decrease (increase) in accounts receivable-other -817 860
Other 130 338
Subtotal 27,351 23,730
Interest and dividends income received 128 135
Interest expenses paid -5 -16
Income taxes paid -6,114 -6,615
Net cash provided by (used in) operating activities 21,359 17,234
Net cash provided by (used in) investing activities
Payments into time deposits -77 -320
Proceeds from withdrawal of time deposits 277 553
Purchase of property, plant and equipment and intangible fixed
assets -1,999 -1,903
Proceeds from sales of property, plant and equipment and
intangible fixed assets 41 18
Purchase of investment securities -285 -47
Proceeds from sales of investment securities 59 32
Purchase of investments in subsidiaries - -318
Purchase of investments in subsidiaries resulting in change in
scope of consolidation -388 -
Payments for deposit of subsidiaries and affiliates -212,400 -220,511
Collection of deposit of subsidiaries and affiliates 198,000 211,605
Collection of loans receivable 421 38
Payments for guarantee deposits -83 -70
Proceeds from collection of guarantee deposits 117 61
Other -315 -503
Net cash provided by (used in) investing activities -16,632 -11,365
Net cash provided by (used in) financing activities
Cash dividends paid -2,464 -2,573
Net decrease (increase) in treasury stock 57 37
Other -67 -58
Net cash provided by (used in) financing activities -2,475 -2,594
－ 8 －
Effect of exchange rate change on cash and cash equivalents | 99 | 172 |
Net increase (decrease) in cash and cash equivalents | 2,351 | 3,447 |
Cash and cash equivalents at beginning of period | 9,676 | 12,028 |
Cash and cash equivalents at end of period | 12,028 | 15,476 |
－ 9 －
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