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

  1. Change in significant subsidiary during the term (Change in specified subsidiary that caused a change in the scope of consolidation) ; No
  2. 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

  1. 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

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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 07:16:05 UTC.