This is an abridged translation of the original Japanese document and is provided for informational purposes only.
If there are any discrepancies between this and the original, the original Japanese document prevails.
Brief Report of Financial Results(Unaudited)
(For the Fiscal 2022 Ended February 28,2023)
April 11, 2023
Company name AEON Financial Service Co., Ltd.
Listings | Tokyo Stock Exchange, Prime Market | |
Security code | 8570 | |
URL | https://www.aeonfinancial.co.jp/en/ | |
Representative | Kenji Fujita, President and CEO | |
Contact: | Yuro Kisaka, Director, Managing Executive Officer | |
Date of the ordinary general meeting of shareholders | May 24, 2023 | |
Submission date of the annual securities report scheduled | May 25, 2023 | |
Starting date of paying year-end dividend | May 9, 2023 | |
Preparation of brief summary materials for financial results | Yes | |
Holding of financial results presentation | Yes (targeted at institutional investors and analysts) |
1. Results for the Fiscal Year Ended February 28, 2023 (from March 1, 2022 to February 28, 2023)
(1) Consolidated Operating Results
(Millions of yen truncated to the nearest million, %, yen)
Profit | ||||||||
Operating | Percentage | Operating | Percentage | Ordinary | Percentage | attributable | Percentage | |
revenue | Change | profit | Change | profit | Change | to owners | Change | |
of parent | ||||||||
Fiscal 2022 ended | ||||||||
February 28, 2023 | 451,767 | ― | 58,859 | 0.0 | 61,547 | 2.7 | 30,677 | 1.5 |
Fiscal 2021 ended | ||||||||
February 28, 2022 | 470,657 | △3.4 | 58,852 | 44.8 | 59,944 | 49.0 | 30,212 | 70.8 |
(Note) Comprehensive income; Fiscal 2022; 46,011million (△3.3%), Fiscal 2021; 47,593million (71.4%)
Profit attributable | Fully Diluted | ||||
Profit attributable | |||||
to owners of | Operating profit/ | ||||
to owners of | Return on equity | Return on assets | |||
parent per Share | Operating revenue | ||||
parent | |||||
(Yen) | |||||
per Share (Yen) | |||||
Fiscal 2022 ended | |||||
February 28, 2023 | 142.13 | 142.12 | 7.1 | 1.0 | 13.0 |
Fiscal 2021 ended | |||||
February 28, 2022 | 139.98 | 139.97 | 7.3 | 1.0 | 12.5 |
(Reference) Investment gains and losses on equity method; Fiscal 2022; 19 million, Fiscal 2021; △26 million.
Note: The Accounting Standard for Revenue Recognition, etc. (ASBJ Statement No. 29, March 31, 2020) has been applied from March 1, 2022. Figures for the fiscal year ending February 28, 2023 are based on the application of the relevant accounting standards, etc., so the percentage change in operating revenue compared to the previous fiscal year is not included.
(2) Consolidated Financial Position | (Millions of yen truncated to the nearest million, %, yen) | ||||||||
Total Assets | Net Assets | Capital Ratio | Net Assets per Share | ||||||
Fiscal 2022 ended | |||||||||
February 28, 2023 | 6,659,468 | 541,133 | 6.5 | 2,014.29 | |||||
Fiscal 2021 ended | |||||||||
February 28, 2022 | 6,278,586 | 509,055 | 6.8 | 1,965.47 |
(Reference) Shareholder's equity; Fiscal 2022; 434,800 million, Fiscal 2021; 424,222 million.
Note: The Accounting Standard for Revenue Recognition, etc. (ASBJ Statement No. 29, March 31, 2020) has been applied from March 1, 2022. Figures for the fiscal year ending February 28, 2023 are those after the application of the relevant accounting standards, etc.
(3) Consolidated cash flows | (Millions of yen truncated to the nearest million yen) | |||
Net cash used in | Net cash used in | Net cash provided by | Cash and cash | |
equivalents | ||||
operating activities | Investing activities | financing activities | ||
at end of period | ||||
Fiscal 2022 ended | ||||
February 28, 2023 | 105,138 | 11,796 | △14,559 | 804,693 |
Fiscal 2021 ended | ||||
February 28, 2022 | 76,287 | △33,562 | △13,508 | 697,628 |
2. Dividends
Dividend per share | Total | Dividends to | ||||||||
End- | End- | End- | Fiscal | Annual | dividends | Payout ratio | net | |||
first | second | third | (consolidated) | assets | ||||||
year-end | total | paid | ||||||||
quarter | quarter | quarter | (consolidated) | |||||||
February | yen | yen | yen | yen | yen | million yen | % | % | ||
2022 term | - | 19.00 | - | 31.00 | 50.00 | 10,791 | 35.7 | 2.6 | ||
February | ||||||||||
2023 term | - | 20.00 | - | 33.00 | 53.00 | 11,440 | 37.3 | 2.7 | ||
February | ||||||||||
2024 term | ||||||||||
(Estimated) | - | 25.00 | - | 28.00 | 53.00 | 42.4 |
(Note) Breakdown of dividend for end-second quarter of February 2022 term
- Ordinary dividend 17yen, commemorative dividend for our 40th year of business 2yen. Breakdown of dividend for fiscal year-end of February 2022 term
- Ordinary dividend 29yen, commemorative dividend for our 40th year of business 2 yen.
3. Forecast of Consolidated Earnings (For the fiscal year ending February 28, 2024)
(Millions of yen, %) (% is the percentage of change to the previous year)
Profit | |||||||||
Operating | Operating | YoY | Ordinary | YoY | attributabl | YoY | Net | ||
YoY | e to | income per | |||||||
revenue | profit | profit | |||||||
owners of | share | ||||||||
parent | |||||||||
Full term | 480,000 | 6.2 | 61,000 | 3.6 | 61,000 | △0.9 | 27,000 | △12.0 | 125.08 |
(Notes) No disclose earnings forecasts for the cumulative interim period.
※Notes
- Change in significant subsidiary during the term (Change in specified subsidiary that caused a change in the scope of consolidation) ; No
- Change in accounting principle, procedure, disclosure, etc., concerning preparation of consolidated financial statements
(matters to be mentioned concerning the change of important items to be the bases for preparation of consolidated financial statements)
- Change by a newly issued accounting pronouncement; Yes
- Change other than ① ; No
- Change accounting quotation ; No
④ Restatement ; No
- Number of shares issued(Common stock)
- Number of shares issued at end of period (including treasury stock)
Fiscal 2022; 216,010,128 shares, Fiscal 2021; 216,010,128 shares
- Number of shares of treasury stock at end of term
Fiscal 2022; 152,460 shares, Fiscal 2021; 172,749 shares
-
Average of the number of shares during the quarter
Fiscal 2022; 215,845,901 shares Fiscal 2021; 215,833,256 shares
(Reference): Report of Non-Consolidated Financial Results Business performance (from March 1, 2022 to February 28, 2023)
(1) Non-consolidated Operating Results | (Millions of yen truncated to the nearest million, %, yen) | |||||||
Profit | ||||||||
Operating | YOY | Operating | YOY | Ordinary | YOY | attributable | YOY | |
revenue | profit | profit | to owners of | |||||
parent | ||||||||
Fiscal 2022 ended | ||||||||
February 28, 2023 | 17,493 | ― | 9,349 | △21.3 | 9,170 | △21.2 | 8,702 | △16.9 |
Fiscal 2021 ended | ||||||||
February 28, 2022 | 21,264 | △4.4 | 11,873 | △11.6 | 11,645 | △5.9 | 10,474 | 22.8 |
Profit attributable to | Fully Diluted Profit | |||||||
owners of parent per | attributable to owners of | |||||||
share | parent per Share | |||||||
Fiscal 2022 ended | ||||||||
February 28, 2023 | 40.32 | 40.31 | ||||||
Fiscal 2021 ended | ||||||||
February 28, 2022 | 48.53 | 48.52 |
Note: The Accounting Standard for Revenue Recognition, etc. (ASBJ Statement No. 29, March 31, 2020) has been applied from March 1, 2022. Figures for the fiscal year ending February 28, 2023 are those after the application of the relevant accounting standards, etc.
(2) Financial position | (Millions of yen truncated to the nearest million, %, yen) | ||||
Total assets | Net assets | Shareholders' equity | Net assets per share | ||
ratio | |||||
Fiscal 2022 ended | |||||
February 28, 2023 | 791,954 | 213,712 | 27.0 | 990.00 | |
Fiscal 2021 ended | |||||
February 28, 2022 | 733,686 | 217,321 | 29.6 | 1,006.72 |
(Reference) Shareholder's equity; Fiscal 2022; 213,699 million, Fiscal 2021; 217,288 million.
Note: The Accounting Standard for Revenue Recognition, etc. (ASBJ Statement No. 29, March 31, 2020) has been applied from March 1, 2022. Figures for the fiscal year ending February 28, 2023 are those after the application of the relevant accounting standards, etc.
- The financial results are not audited by a certified public accountant or an audit corporation.
-
Remarks on the projections, other issues (Notes on future statements, etc.)
The forecasts include the future prospects, the assumptions and forecasts underlying the plan on the present date, and the achievement is not intended to be a promise to us .In addition, actual performance is different from the above forecast due to various factors in the future.
(How to obtain supplementary information on financial results) We provide supplementary explanatory materials on our website for business and performance.
(Notes on obtaining supplementary explanatory materials for financial results)
The Company provides FACTBOOK on its business and performance on its website.
Attachments
(1) Consolidated Balance Sheets
(Millions of yen) | ||
As of February 28, 2022 | As of February 28, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 738,782 | 842,615 |
Call loans | 8,864 | 10,373 |
Accounts receivable - installment | 1,566,284 | 1,769,588 |
Lease receivables and investments in | 12,585 | 11,951 |
leases | ||
Operating loans | 772,604 | 845,262 |
Loans and bills discounted for banking | 2,110,010 | 2,160,775 |
business | ||
Securities for banking business | 536,221 | 460,545 |
Securities for insurance business | 49,397 | 18,134 |
Monetary claims bought | 27,028 | 22,534 |
Money held in trust | 111,015 | 123,894 |
Other | 170,924 | 200,590 |
Allowance for doubtful accounts | △124,549 | △127,445 |
Total current assets | 5,979,170 | 6,338,823 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings, net | 8,648 | 9,555 |
Tools, furniture and fixtures, net | 25,331 | 21,980 |
Construction in progress | 109 | 222 |
Other, net | 230 | 167 |
Total property, plant and equipment | 34,320 | 31,925 |
Intangible assets | ||
Goodwill | 14,924 | 13,191 |
Software | 107,732 | 113,906 |
Other | 4,344 | 3,942 |
Total intangible assets | 127,001 | 131,040 |
Investments and other assets | ||
Investment securities | 12,989 | 17,959 |
Deferred tax assets | 39,021 | 37,544 |
Guarantee deposits | 50,438 | 50,741 |
Other | 34,928 | 50,763 |
Total investments and other assets | 137,377 | 157,008 |
Total non-current assets | 298,699 | 319,974 |
Deferred assets | ||
Bond issuance costs | 716 | 670 |
Total deferred assets | 716 | 670 |
Total assets | 6,278,586 | 6,659,468 |
(Millions of yen) | ||
As of February 28, 2022 | As of February 28, 2023 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 225,236 | 255,662 |
Deposits for banking business | 4,178,544 | 4,397,953 |
Short-term borrowings | 204,074 | 221,934 |
Current portion of long-term borrowings | 90,214 | 117,858 |
Current portion of bonds payable | 63,410 | 85,237 |
Commercial papers | 85,000 | 75,000 |
Provision for bonuses | 4,086 | 4,365 |
Provision for point card certificates | 7,129 | 798 |
Other provisions | 200 | 190 |
Other | 194,349 | 185,509 |
Total current liabilities | 5,052,244 | 5,344,510 |
Non-current liabilities | ||
Reserve for insurance policy liabilities | 64,367 | 54,338 |
Bonds payable | 277,250 | 264,826 |
Long-term borrowings | 335,933 | 417,238 |
Retirement benefit liability | 2,271 | 2,151 |
Provision for loss on interest repayment | 6,476 | 4,822 |
Other provisions | 460 | 232 |
Deferred tax liabilities | 1,273 | 1,286 |
Other | 29,252 | 28,928 |
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity Accumulated other comprehensive income
Valuation difference on available-for- sale securities
Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans
717,286 | 773,824 |
5,769,530 | 6,118,335 |
45,698 | 45,698 |
119,990 | 120,270 |
258,525 | 278,172 |
△442 | △390 |
423,771 | 443,750 |
△2,549 | △27,661 |
△1,628 | 120 |
4,852 | 18,738 |
△222 | △147 |
Total accumulated other comprehensive | 450 | △8,950 |
income | ||
Share acquisition rights | 33 | 13 |
Non-controlling interests | 84,799 | 106,319 |
Total net assets | 509,055 | 541,133 |
Total liabilities and net assets | 6,278,586 | 6,659,468 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
AEON Financial Service Co. Ltd. published this content on 11 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2023 06:16:03 UTC.