Summary of Financial Results for the Second Quarter Ended August 31, 2022

[Japan GAAP] (Consolidated)

October 4, 2022

Company

AEON DELIGHT CO., LTD.

Listed on the TSE1

Stock Code

9787

URL: https://www.aeondelight.co.jp

Representative

Kazumasa Hamada, President and CEO, Group CEO

Contact

Keiji Sagata, Managing Director, Group Strategy and ESG

T E L: +81-3-6895-3892

Expected date of filing of quarterly report: October 14, 2022

Expected starting date of dividend payment: November 7, 2022

Preparation of quarterly supplementary financial document: Yes

Quarterly results briefing: Yes (for institutional investors and analysts)

（Rounded down to million yen）

1. Consolidated business results for the six months ended August 2022

(March 1, 2022 through August 31, 2022)

(1) Consolidated results of operations

(% change from the previous corresponding period)

Net sales

Operating income

Ordinary income

Net income attributable to

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Six months ended Aug. 2022

147,660

-

6,602

-

6,602

-

4,336

-

Six months ended Aug. 2021

163,907

9.5

8,427

12.4

8,489

13.2

5,557

40.9

(Note) Comprehensive income

Six months ended August 2022: 5,795 million yen (-%)

Six months ended August 2021: 5,957 million yen (56.2%)

Net income

Diluted net income per

per share

share

Yen

Yen

Six months ended Aug. 2022

86.68

86.62

Six months ended Aug. 2021

111.14

111.04

(Note) The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and others are applied since the beginning of the first quarter of the fiscal year under review. As for the figures related to the second quarter of the fiscal year ending February 2023, these standards have been applied, and the year-on-year percentage changes are not presented. Applying this accounting standard to net sales, net sales would be 146,580 million yen for the second quarter of the fiscal year ended February 2022, and the year-on-year percentage change for the second quarter of the fiscal year ending February 2023 would be 0.7% with 147,660 million yen of net sales.

(2) Consolidated financial position

Total assets

Net assets

Shareholders' equity

ratio

Million yen

Million yen

%

As of Aug. 31, 2022

147,165

98,134

66.0

As of Feb. 28, 2022

142,859

95,421

66.2

(Reference) Shareholders' equity:

As of August 2022: 97,182 million yen

As of February 2022: 94,577 million yen

2. Dividends

Annual dividend

End of 1Q

End of 2Q

End of 3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended Feb. 2022

Ordinary dividend

-

37.00

-

37.00

74.00

Commemorative dividend

-

5.00

-

5.00

10.00

Total

-

42.00

-

42.00

84.00

Year ending Feb. 2023

-

42.00

Year ending Feb. 2023 (forecast)

-

43.00

85.00

(Note) Revisions to dividend forecast for the current quarter: None

The commemorative dividend is paid in commemoration of the 15th anniversary of AEON DELIGHT.

- 1 -

3．Forecast of consolidated business results for the fiscal year ending February 2023

(March 1, 2022 through February 28, 2023)

(% change from the previous corresponding period)

Net sales

Operating income

Ordinary income

Net income attributable to

Net income per

owners of parent

share

Year ending Feb. 2023

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

310,000

-2.4

17,000

8.1

17,000

7.7

10,700

0.3

213.91

(Note) Revisions to business forecast for the current quarter: None

*Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
  2. Application of accounting procedures specific to preparation of the consolidated quarterly financial statements: None
  1. Changes in accounting policies, accounting estimates and restatement
    ① Changes in accounting policies associated with revision of accounting standards: ②Changes in accounting policies other than ①
    ③Changes in accounting estimates
    ④Restatement
  2. Shares outstanding (common stock)

① Number of shares outstanding at the end of period (treasury stock included)

As of August 2022

50,669,633 shares

As of February 2022

54,169,633 shares

②Treasury stock at the end of period

As of August 2022

648,447 shares

As of February 2022

4,148,409 shares

③Average number of stock during period (quarterly cumulative period)

Six months ended August 2022

50,021,202 shares

Six months ended August 2021

50,007,085 shares

  • Yes
  • None
  • None
  • None

*Quarterly financial summary is not subject to the quarterly review procedures by certified public accountants or auditing firms.

*Explanation regarding appropriate use of business forecasts and other special instructions (Precautions regarding forward-looking statements)

Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company does not make promises about the achievements. Actual results may differ significantly from the forecasts due to various factors.

- 2 -

Quarterly Consolidated Financial Statements and Significant Notes

(Quarterly Consolidated Balance Sheets)

(Million yen)

Previous Fiscal Year

Current Second Quarter

(February 28, 2022)

(August 31, 2022)

Assets

Current assets

Cash and deposits

68,282

62,222

Notes and accounts receivable

40,708

-

Notes and accounts receivable - trade, and contract assets

-

46,030

Electronically recorded monetary claims

4,220

5,187

Securities

-

3,499

Inventories

2,074

4,179

Other

5,861

4,168

Allowance for doubtful accounts

-134

-167

Total current assets

121,013

125,120

Fixed assets

Tangible fixed assets

Buildings and structures, net

1,629

1,605

Tools, furniture and fixtures, net

3,589

3,283

Land

466

466

Other, net

1,394

1,551

Total tangible fixed assets

7,080

6,906

Intangible fixed assets

Goodwill

3,360

3,527

Other

2,293

2,954

Total intangible fixed assets

5,653

6,482

Investments and other assets

Investment securities

3,720

4,099

Other

5,421

4,580

Allowance for doubtful accounts

-30

-22

Total investment and other assets

9,111

8,656

Total fixed assets

21,845

22,045

Total assets

142,859

147,165

- 3 -

(Million yen)

Previous Fiscal Year

Current Second Quarter

(February 28, 2022)

(August 31, 2022)

Liabilities

Current liabilities

Notes and accounts payable-trade

22,070

24,442

Electronically recorded obligations - operating

4,415

5,229

Short-term borrowings

247

439

Income taxes payable

2,326

1,237

Provision for bonuses

1,363

1,787

Accrued directors' and corporate auditors' remuneration

84

37

Asset retirement obligations

6

-

Allowance for sales discounts

120

114

Other

13,257

12,626

Total current liabilities

43,892

45,915

Fixed liabilities

Provision for directors' retirement benefits

84

69

Retirement benefit liability

1,486

1,437

Asset retirement obligations

416

416

Allowance for sales discounts

80

36

Other

1,477

1,153

Total fixed liabilities

3,544

3,114

Total liabilities

47,437

49,030

Net assets

Shareholder's equity

Capital stock

3,238

3,238

Capital surplus

13,239

4,736

Retained earnings

86,559

87,706

Treasury stock

-10,077

-1,575

Total shareholders' equity

92,958

94,106

Other accumulated comprehensive income

Valuation difference on securities

921

1,153

Foreign currency translation adjustments

961

2,158

Remeasurements of defined benefit plans

-263

-234

Total other accumulated comprehensive income

1,619

3,076

Share subscription rights

86

98

Non-controlling shareholders' equity

757

852

Total net assets

95,421

98,134

Total liabilities and net assets

142,859

147,165

- 4 -

Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income (Quarterly Consolidated Statement of Income)

(For the six months period)

(Million yen)

Previous Second Quarter

(March 1, 2021-

August 31, 2021)

Current Second Quarter

(March 1, 2022-

August 31, 2022)

Net sales

163,907

147,660

Cost of sales

143,444

128,054

Gross profit

20,462

19,606

Selling, general and administrative expenses

12,035

13,004

Operating income

8,427

6,602

Non-operating income

Interest income

8

16

Dividends income

43

47

Equity in income of affiliates

44

46

Other

45

48

Total non-operating income

142

157

Non-operating expenses

Interest expenses

17

10

Other

63

146

Total non-operating expenses

80

157

Ordinary income

8,489

6,602

Extraordinary income

Gain on sale of fixed assets

170

-

Gain on sales of investment security

-

6

Subsidies for employment adjustment

126

17

Total extraordinary income

296

23

Extraordinary loss

Impairment loss

87

-

Loss due to response to new infections

98

59

Other

150

-

Total extraordinary loss

336

59

Profit before income taxes

8,448

6,567

Income taxes

1,790

1,001

Income taxes-deferred

1,127

1,234

Total income taxes

2,918

2,236

Net income

5,530

4,330

Net income (loss) attributable to non-controlling interests

-27

-5

Net income attributable to owners of parent

5,557

4,336

- 5 -

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AEON DELIGHT Co. Ltd. published this content on 04 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2022 07:41:03 UTC.