FinancialStock InformationPerformance(as of F bruary 28, 2023)

Corporate Data

Introduction

Top

FY2022 Highlights

General Stock Information

Distribution of Shareholders

Authorized No. of Shares:

320,000,000 shares

Treasury

Fin ncial

We recorded higher revenue and profit for the consolidatedfiscal year ended February 28, 2023.

Operating

No. of Shares Issued:

227,559,339 shares

Stock

Institutions

revenue amounted to ¥398,244 million (+25.7% year on year), while operating income amounted to

13.55%

No. of Shareholders:

200,850

0.00%

¥43,979 million (+15.0%) and ordinary income amounted to ¥36,409 million (+11.9%). Extraordinary

losses

Foreign

Individuals

included losses of ¥3,037 million due to COVID-19 (¥4,075

million in the previous consolidated fiscal year),

Companies

and Others

17.32%

recorded as fixed costs during temporary closure periods. Extraordinary losses also included impairment 8.92%

loss of ¥4,461 million (¥3,302 million in the previous consolidated fiscal year), provision for loss onDomstorestic

Companies

closings of ¥2,017 million (no provision in the previous co

ns

olidated fiscal year), and loss on retirement

Securities

Companies

59.08%

of fixed assets in the amount of ¥2,499 million (¥759 million in the previous consolidated fiscal year) from 1.13%

promoting the revitalization of domestic and overseas malls. As a result, income before income taxes

and other adjustments amounted to ¥24,592 million (-6.0% year on year). In addition, total income taxes

increasedShareholder¥4,573 millionNotesyear on year, mainly due to the recording of deferred tax assets in connection with

Fiscthe absorptionl Year End:-type mergerFebruaryof our subsidiary,28 (or 29) OPA Co., Ltd. As a result, net income attributable to owners

Recoof parentd datdecreased:

to ¥12,994RecordmillionDate for(-32Annual.6% yearGeneralon year)Meeting.

of Shareholders February 28 (or 29)

Record Date for Year-End Dividend

February 28 (or 29)

Performance by Segment

Record Date for Interim Dividend

August 31

Annual General

Our Domestic Business recorded higher revenue and profit, with operating revenue in the amount of ¥321,700 million Shareholders' Meeting: Held annually by the end of May

(+23.2% year on year) and operating income of ¥34,114 million (+6.8%). Operating revenue and operating income were Minimum Trading Unit: 100 shares

+17.0% and -35.0%, compared to fiscal 2019, which was not affected by COVID-19.

Stock DuringListing:the current consolidated1-3-3Marunouchi,fiscal year,Chiyodawe closed-ku,certainTokyo,mallsJapantemporarily in the Tohoku region due to the Fukushima Prefecture earthquakeMizuhothatTrustoccurred& BaonkingMarchCo16.,.LtdDuring. the previous consolidated fiscal year, we closed a

certainMajornumberShareholdersof malls due to the(Topdeclaration10) of a state of emergency following the spread of COVID-19 infections in Japan. However, we have operated malls normally through the current consolidated fiscal year, despite the emergence of a seventh wave of COVID-19 infections in July and an eighth wave in December. ToNumberattract moreof customers, we

held special events at each mallName/Compa. In addition,yweNaimplementede sales measures underShvariouses Ownedapproaches,Percentageincluding TV(%) (1,000 shares)

commercials to promote the AEON MALL SDGs Festival held September 16 to September 27, as well as collaboration

projectsAEON Cowith., Ltdspecialty. stores on Black Friday and year-end and New Year sales season,132,351etc. As the transition58to.16

With-COVID continues in Japan, customer spending behavior has become more active over time. Specialty store sales

The Master Trust Bank of Japan, Ltd. (Trust Account)

13,430

5.90

at existing malls (85 malls) during the fourth quarter (December to February) grew +10.0%. As a result, sales at existing

Custody Bank of Japan, Ltd. (Trust Account)

7,423

3.26

specialty stores in existing malls for the current consolidated fiscal year were up +10.0% year on year. Sales were down

-9Bnymsanv.2%comparedas Agentwith fiscal/ Clients2019Lux(83Ucitsmalls)Non. Treaty 1

2,614

1.14

Japan Securities Finance Co., Ltd.

1,656

0.72

The Company recorded operating revenue in China in the amount of ¥52,538 million (+21.8% year on year) and

AEON MALL Trading-Partner Shareholding Association

1,500

0.65

operating income of ¥6,634 million (-4.7%). We recorded ¥2,910 million as loss of impact of COVID-19, transferring

fixedStatecostsStreetandBankotherWestexpensesCli ntincurred-Treaty during505234temporary closure periods from operating costs1,417to extraordinary0.62losses.

Operating revenue and operating income were +46.5% and +18.0% compared to fiscal 2019. Performance was impacted

Mizuho Bank, Ltd.

1,100

0.48

significantly due to severe restrictions on activities based on the Zero-COVID policy. This policy resulted in temporary

The Norinchukin Bank

1,100

0.48

closure of certain AEON MALL locations. The government was expected to strengthen large-scale economic stimulus

measuresSumitomoin MitsuipreparationTrust forBank,the LimitedChinese Communist Party Congress in October, and we anticipated1,100

a recovery0in.48

consumption trends. However, the Zero-COVID policy continued after the conclusion of the Communist Party Congress,

Notes 1)

Shareholdings are rounded down to the nearest 1,000 shares.

and temporary closures occurred intermittently in areas where there were cases of infection. The government relaxed

2)

Ownership ratios have been calculated excluding treasury stock (4,270 shares) and rounded to the

the Zero-COVID policy on December 7, and our malls resumed operations. However, the outbreak of infections in the nearest hundredth.

absence of behavioral restrictions resulted in many specialty stores closing due to the inability of employees to come to

work. As a result, specialty store sales at existing malls (21 malls) during the consolidated fiscal year were down -18.1% compared with the previous consolidated fiscal year. Sales were down -14.1% compared with fiscal 2019 (19 malls).

Credit Rating (as of February 28, 2023)

Rating Agency

Long-Term Rating

Short-Term Rating

Japan Credit Rating Agency, Ltd. (JCR)

A

-

S&P Global Ratings

BBB

-

86 Corporate Data

86 Financial Performance

  1. 11-YearFinancial Highlights
  2. 11-YearNon-Financial Highlights Corporate Profile and
  3. Recognition and Certifications from External Organizations
  4. Stock Information

Message

2030 Vision

Value Creation

Value Creation Strategy

Operating Revenue

Operating Income/Operating Margin

DomesticRating and InvestmentBusiness Information, Inc. (R&I)

OverseasA−

Businessa−1

(100 millions of yen)

3,982

4,000

3,129

3,241

3,168

2,806

2,000

0

2018

2019

2020

2021

2022

(FY)

Operating Revenue

(100 millions of yen)18.8

(%)

800

16.9

607

20

529

12.3

12.1

11.0

400

343

382

439

10

0

2018

2019

2020

2021

2022

(FY)

Operating Income Operating Margin

(100 millions of yen)

4,000

3,217

2,683

2,749

2,370

2,612

2,000

524

524

305

319

341

0

2018

2019

2020

2021

2022

(FY)

Operating Revenue

Operating Income

(100 millions of yen)

773

800

491

555

446

435

400

5

83

37

62

98

0

2018

2019

2020

2021

2022

(FY)

Operating Revenue

Operating Income

Corporate Governance

CorporateData

8692 AEON MALL INTEGRATED REPORT 2023

Number of
Shares Owned Percentage (%) (1,000 shares)

FinancialStock InformationPerformance(as of F bruary 28, 2023)

Corporate Data

Introduction

Top

GeneralThe CompanyStockrecordedInformationhigher revenue and profit in Vietnam.OperatingDistributionrevenue ofamountedShareholdersto ¥13,283 million (+124.2% year on year) and operating income in the amount of ¥3,063 million (compared with a loss of ¥83 million in the

Authorized No. of Shares: 320,000,000 shares

Treasury

Financial

previous consolidated fiscal year). Operating revenue and operating income were +145.1% and +144.2%, compared to

Stock

In titutions

No.fiscalof2019Shares. All specialtyIssued: stores227,559,339across all businesssharestypes were open for business in our malls as the government shifted

0.00%

13.55%

innetMajorincomeShareholdersattributable to owners(Topof parent,10)payment of ¥11,377 million in dividends, and a decrease of ¥1,167 million in retained earnings due to the application of Accounting Standard for Revenue Recognition. At the same time, the Company recorded an increase of ¥23,316 million in foreign currency translation adjustments.

Name/Company Name

86 Corporate Data

86 Financial Performance

Message

to a With-COVID policy. Customers flocked to our malls that offered leisure functions such as shopping, amusement,

No. of Shareholders:

200,850

and dining. As a result of seasonal sales, Black Friday sales, and other sales promotion activities at each mall, specialty

Foreign

Individuals

store sales at existing malls (6 malls) during the current consolidated fiscal year rose significantly at +110.1% compared

with the previous consolidated fiscal year. Sales were up +39.6% comparedCompanieswith fiscal 2019 (4 malls).

and Others

17.32%

The Company recorded operating revenue in Cambodia in the 8.92%amount of ¥5,672 million (+89.0% year on year)

and operating income of ¥1,145 million (+133.2%). Operating revenue and operating income were +40.9% and-3Domestic.2%

compared to fiscal 2019. Restrictions on activities in the country were eased significantly. AEON MALL Sen SokCompaniesCity

Securities

(Phnom Penh City) sponsored a public broadcast event in the TV station studio located in the mall, sponsored sales

Companies

59.08%

promotion activities, held events, and engaged in other measures to attract more customers. As a result, specialty store 1.13%

sales at existing malls (2 malls) during the current consolidated fiscal year were up +61.3% compared with the previous consolidated fiscal year. Sales were down -8.0% compared with fiscal 2019 (2 malls).

The Company recorded higher revenue in Indonesia of ¥5,897 million (+66.9% year on year). We also recorded Shareholder Notes

a¥96 million improvement in operating loss to ¥987 million (compared with an operating loss of ¥1,084 million in

the previous consolidated fiscal year). Compared to fiscal 2019, operating revenue increased +53.5% and operating

Fiscal Year End:

February 28 (or 29)

income decreased ¥1,235 million yen. All of our malls in Indonesia returned to regular operating hours in April, and

Net Assets

AEON Co., Ltd.

(100 millions of yen)

The Master Trust Bank of Japan, Ltd. (Trust Account)

5,000

4,517

Custody Bank of Japan, Ltd. (Trust4,269Account)

3,940

4,045

3,874

Bnymsanv as Agent / Clients Lux Ucits

Treaty 1

Japan Securities Finance ., Ltd

2,500

AEON MALL Trading-Partner Shareholding Association

State Street Bank West Client -Treaty 505234

Mizuho Bank, Ltd

0

2018

2019

2020

2021

2022

(FY)

The Norinchukin Bank

Sumitomo Mitsui Trust Bank, Limited

Equity Ratio

132,351

58.16

(100 millions of yen)

13,430

5.90

40

31.9

7,423

3.26

28.5

28.5

28.2

27.1

2,614

1.14

1,656

0.72

20

1,500

0.65

1,417

0.62

1,100

0.48

0

2018

2019

2020

2021

2022

(FY)

1,100

0.48

1,100

0.48

Record date:

Record Date for Annual General Meeting of Shareholders

February 28 (or 29)

restrictions on the number of customers allowed in facilities were lifted in May, as the government lowered the level

Record

for Year-End Dividend

February 28 (or 29)

of activity restrictions in response to Datedecrease in the number of new COVID-19 infections. In August, AEON MALL

BSD CITY (Tangerang City, BantenRecordProvince)Date forheldInteriman educationalDividendand hands-on event related to localAugustproduction31 for local consumption. The event catered to local children through an association of Indonesian organic farmers as part of Annual General

an industry-academia-government collaboration and was featured on a leading local TV station. Activities like these Shareholders' Meeting: Held annually by the end of May

aid the Company in our efforts to attract more customers through strengthening our brand. As a result, customer traffic Minimum Trading Unit: 100 shares

at existing malls (3 malls) during the current consolidated fiscal year was up +36.0% compared with the previous StockconsolidatedListing:fiscal year. Customer1-3-3 Marunouchi,traffic was -24Chiyoda.9%compared-ku, Tokyo,with fiscalJapan2019 (2 malls).

Mizuho Trust & Banking Co., Ltd.

Assets, Liabilities, and Net Assets

Total assets amounted to ¥1,559,592 million, up ¥96,336 million compared to the end of the previous consolidated fiscal year. This result was mainly due to investments of ¥109,998 million, in excess of depreciation and amortization expense of ¥70,422 million, incurred for the opening of new malls, the revitalization of existing malls, and upfront costs for purchasing land for existing malls and for future mall development, leading to an increase in property, plant and equipment of ¥65,534 million. Also, deposits paid to affiliates increased ¥16,000 million and cash and deposits increased ¥5,534 million. In addition, we recorded a significant increase in cash due to the impact of foreign currency translation.

Total liabilities stood at ¥1,107,881 million, up ¥71,556 million from the end of the previous consolidated fiscal year. This result was mainly due to a decrease of ¥12,424 million yen in lease obligations (including lease obligations under current liabilities), and increases of ¥40,000 million in bonds (including current portion), ¥9,030 million in long-term debt (including current portion), ¥17,204 million in accounts payable-other related to facilities, and ¥8,493 million in deposits received from specialty stores.

Net assets totaled ¥451,711 million, up ¥24,779 million compared to the end of the previous consolidated fiscal year. This result was mainly due to an increase in retained earnings of ¥449 million stemming from the recording of ¥12,994 million

Notes 1)

Shareholdings are rounded down to the nearest 1,000 shares.

Cash Flows

2)

Ownership ratios have been calculated excluding treasury stock (4,270 shares) and rounded to the

nearest hundredth.

up ¥18,127

Cash and cash equivalents ("Cash") as of the current consolidated fiscal year amounted to ¥101,101 million,

million compared to the end of the previous consolidated fiscal year. Cash flows in the period under review

were as follows:

Net cash provided by operating activities amounted to ¥101,490 million, compared to cash flows of ¥61,492

million in the previous consolidated fiscal year. This result was mainly due to income before income taxes and other Credit Rating (as of February 28, 2023)

adjustments of ¥24,592 million (¥26,149 million in the year-ago period), depreciation and amortization of ¥70,422 million

(¥63,735 million in the year-ago period), and an increase in deposits received from specialty stores of ¥8,010 million

Rating Agency

Long-Term Rating

Short-Term Rating

(decrease of ¥22,122 million in the year-ago period). These amounts were offset in part by income taxes paid of ¥12,456

Japan Credit Rating Agency, Ltd. (JCR)

A

-

million (¥11,403 million in the year-ago period).

S&P GlobalNet cashRatingsused in investing activities amounted to ¥103,276BBBmillion, compared to -cash flows of ¥122,382 million

in the previous consolidated fiscal year. This result was mainly due to payments for purchases of property, plant and

Rating and Investment Information, Inc. (R&I)

A−

a−1

equipment in the amount of ¥99,670 million (¥117,864 million in the previous consolidated fiscal year). These payments

include those for facilities at THE OUTLETS KITAKYUSHU (Fukuoka Prefecture), which opened in the current consolidated fiscal year, and AEON MALL Meanchey (Phnom Penh, Cambodia). Other purchases such as those of land for existing malls, as well as upfront costs for the purchase of land for future development, also affected these results.

Net cash provided by financing activities amounted to ¥13,515 million, compared to net cash provided of ¥8,225 million for the same period in the previous fiscal year. This result was mainly due to proceeds from the issuance of bonds in the amount of ¥80,000 million (¥65,000 million in the previous consolidated fiscal year) and proceeds from long-term debt of ¥51,053 million (¥34,026 million in the previous consolidated fiscal year). During the same period, the Company made cash outlays for repayment of long-term debt of ¥46,670 million (¥33,644 million in the previous consolidated fiscal year), redemptions of bonds of ¥40,000 million (¥30,000 million in the previous consolidated fiscal year), ¥18,925 million in repayment of lease obligations (¥16,384 million in the previous consolidated fiscal year), and ¥11,377 million in dividend payments (¥10,239 million in the previous consolidated fiscal year).

8792 AEON MALL INTEGRATED REPORT 2023

  1. 11-YearFinancial Highlights
  2. 11-YearNon-Financial Highlights Corporate Profile and
  3. Recognition and Certifications from External Organizations
  4. Stock Information

2030 Vision

Value Creation

Strategy

Value Creation

Governance

Corporate

Corporate Data

FinancialStock InformationPerformance(as of F bruary 28, 2023)

Outlook for FY2023

Policy on Dividends

General Stock Information

Distribution of Shareholders

Major Sharehol

ers (Top 10)

Auth rized No. of Shares: 320,000,000 shares

Treasury

Financial

AEON MALL recognizes that returning profits to shareholders through improving

For our Overseas Business, the Chinese government relaxed the Zero-COVID policy

Stock

Institutions

Number of

No. of Shares Issued:

227,559,339 shares

Name/Company Name

Shares Owned

Percentage (%)

on December 7, 2022. Economic activity and consumer behavior have been increasing

earnings power is a key management priority. Our basic policy(1,000on incomeshares)

distribution

No. of Shareholders:

200,850

0.00%

13.55%

+30%

rapidly under the With-COVID policy, and we expect mall sales to recover to a

emphasizesAEON Co., Ltd.steady dividend payments to shareholders, while using132,351internal reserves58.16 to

Individuals

Foreign

year-on-year growth trajectory for fiscal 2023. In

ASEAN, we expect double-digit growth

investThe

in structural business improvements, including investments in growth businesses,

Companies

and Others

Master Trust Bank of Japan, Ltd. (Trust Account)

13,430

5.90

17.32%

newCustodybusinesses,Ba k of Japan,andLtdother. (Trust Account)areas that strengthen our operating foundation7,423

. Our policy3.26 is

across the region as a whole, supported by ongoing high economic growth, particularly

in Vietnam.

8.92%

toBnymsanvmaintainas Agenta consolidated/ Clients Lux UcitspayoutNon ratioTreaty of1 at least 30%.

Domestic

2,614

1.14

We plan to open one new mall in China and

C mpanies

JapanWeS curitiesissueFinancedividendsCo., Ltwiced.

annually, in the interim and at the end1,656of the fiscal0.72year,

one new logistics center in Cambodia

Securities

Companies

59.08%

AEON MALL Trading-Partner Shareholding Association

1,500

0.65

during fiscal 2023. Our overseas business has entered a stage of expanding profits as a

according to the provisions of Article 459, Paragraph 1 of the Companies Act. The

1.13%

Company's articles of incorporation state that dividends paid from surplus are to be

growth driver for the Company, and we will proceed in securing a pipeline to accelerate

the opening of new malls in the future. At the same time, we are moving forward with

State Street B nk W st Client -Treaty 505234

1,417

0.62

determined by resolution of the board of directors.

1,100

0.48

Mizuho Bank, Ltd.

Sh reholder Notes

The Norinchukin Ba k

1,100

0.48

re

novations for new tenants, floor space expansions, and initiatives to improve our

At a meeting held on April 11, 2023, our board of directors resolved to pay year-end

FiscaloperationsYear End:at existingFebruarymalls. 28 (or 29)

Sumitomo Mitsui Trust Bank, Limited

1,100

0.48

dividends of ¥25 per share, in line with our initial plan. In combination with an interim

RecordConsumerdate:

behaviorRecordin DJapante forisAnnualpickingGeneralup withMeetingthe oftransitionShareholdersto WithFebruary-COVID,28 (or 29)

Notesdividend1) Shareholdingsof ¥25 per share,are roundedourdownannualto thedividendnearest 1,000for thesharescurrent.

consolidated fiscal year

including the policy to allow individuals a choice in wearing masks as of March 13, 2023.

2) Ownership ratios ave been calculated

xcluding treasury stock (4,270 shares) and rounded to the

amounted to ¥50 per share. Consolidated payout ratio was 87.6%.

Record Date for Ye r-End Dividend

February 28 (or 29)

nearest hundredth.

Record Date for Interim Dividend

August 31

We expect the annual dividend for the next consolidated fiscal year to remain

We expect mall sales to grow +10% for fiscal 2023. We plan to open four new properties

Annual General

unchanged at ¥50 per share.

during fiscal 2023. We intend to grow earnings at existing malls by pursuing aggressive

Shareholders' Meeting: Held annually by the end of May

floor space expansion and renovations, while opening new malls that take advantage of

Credit Rating (as of February 28, 2023)

Minimum Trading Unit:

100 shares

the characteristics of the locations where they are situated.

Stock Listing:

1-3-3 Marunouchi, Chiyoda-ku, Tokyo, Japan

Rating Agency

Long-Term Rating

Short-Term Rating

Mizuho Trust & Banking Co., Ltd.

Japan Credit Rating Agency, Ltd. (JCR)

A

-

FY2023 Consolidated Results Earnings Plan (March 1, 2023 - February 29, 2024)

S&P Global Ratings

BBB

-

Operating Revenue

Operating Income

Ordinary Income

Net Income Attributable to Owners

Net Income Per

of Parent

Share

Million Yen

YoY (%)

Million Yen

YoY (%)

Million Yen

YoY (%)

Million Yen

YoY (%)

Yen

1st Half (March 1, 2023 - August 31, 2023)

220,000

113.3

27,500

120.5

22,500

121.4

15,000

210.6

65.91

Full Year

447,000

112.2

58,500

133.0

49,000

134.6

27,000

207.8

118.65

8892 AEON MALL INTEGRATED REPORT 2023

Corporate

Data

86 Corporate Data

86 Financial Performance

  1. 11-YearFinancial Highlights
  2. 11-YearNon-Financial Highlights Corporate Profile and
  3. Recognition and Certifications from External Organizations
  4. Stock Information

Introduction

Top Message

2030 Vision

Value Creation

Strategy

Value Creation

Governance

Corporate

Corporate Data

11Stock-YearInformationFinancial Highlights(as of February 28, 2023)

Corporate Data

Introduction

Top

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Consolidated Fiscal Year

320,000,000 shares

Treasury

Financial

Millions of Yen

Authorized No. of Shares:

Number of

Operating revenue

227,559,339 shares

161,427

Stock 176,931

203,902

229,754Institutions 269,793

288,111

312,976Name/Company324,138Name

280,688

316,813

398,244

No. of Shares Issued:

0.00% 42,227

43,87013.55%

Operating income

200,850

41,743

41,872

44,935

49,211

52,987

60,794

34,394

38,228

43,979

No. of Shareholders:

16.7AEON Co., Ltd17.1

Operating margin (%)

25.9

23.9

20.5

19.1

16.9

18.8

12.3

12.1

11.0

Foreign66,173

Individuals

EBITDA

63,365

71,447

75,959

82,993The Master87,654Trust Bank of Japan,95,627 Ltd. (Trust117,653Account)

92,981

101,964

114,401

Companies

and Others

Segment profit

17.32%

Custody Bank of Japan, Ltd. (Trust Account)

8.92% (2,306)

China

(1,411)

(3,529)

(4,448)

(3,451)

(1,132)

(453)

5,622

2,296

6,958

6,634

ASEAN

(105)

(536)

(944)

Domestic

Bnymsanv as Agent / Clients Lux Ucits Non Treaty 1

1,474

(701)

3,205

(1,013)

(348)

248

999

2,686

Japan

43,260

Securities

46,346

Companies

Japan Securities Finance Co., Ltd.

52,460

30,597

31,945

34,114

45,069

49,322

48,716

50,074

52,415

Net income attributable to owners of parent

21,865

Companies

24,513

59.08%

AEON MALL Trading-Partner Shareholding Association

(1,864)

19,278

12,994

1.13% 23,430

24,639

28,527

30,542

33,538

34,239

Capital expenditure

67,960

114,859

181,953

207,215

State Street Bank West Client -Treaty 505234

59,738

122,243

102,297

163,407

190,100

217,101

99,633

Depreciation and amortization

21,621

23,945

29,574

32,088

38,058Mizuho Bank,38,443Ltd.

42,640

56,858

58,586

63,735

70,422

Cash flows from operating activities

63,226

44,382

76,152

61,785

73,646

80,616

90,600

133,645

61,621

61,492

101,490

Shareholder Notes

The Norinchukin Bank

Cash flows from financing activities

35,493

17,232

54,994

73,446

8,312

44,841

91,199

22,808

12,244

8,225

13,515

Fiscal Year End:

February 28 (or 29)

(6,525)

(2,761)

(51,353)

(84,547)

Sumitomo Mitsui Trust Bank, Limited

37,862

(2,822)

(60,890)

(1,786)

Free cash flow

10,072

(61,393)

(85,589)

Record date:

Record Date for Annual General Meeting of Shareholders

February 28 (or 29)

Notes

1) Shareholdings are rounded down to the nearest 1,000 shares.

101,101

Cash and cash equivalents

39,292

59,096

67,222

53,652

69,593

54,223

55,414

114,368

124,080

82,973

Per-Share Data

Record Date for Year-End Dividend

February 28 (or 29)

2) Ownership ratios have been calculated excluding treasury stock (4,270

Yen

Record Date for Interim Dividend109.73

107.58August 31108.43

nearest hundredth.

Net income

106.96

125.45

134.29

147.45

150.50

(8.19)

84.72

57.10

AnnualNet assetsGeneral

1,079.22

1,295.30

1,438.25

1,481.77

1,539.36

1,642.59

1,685.46

1,731.11

1,658.23

1,830.21

1,935.77

Shareholders'Dividends Meeting:

Held annually by the end of22May.00

22.00

22.00

22.00

27.00

35.00

38.00

40.00

40.00

50.00

50.00

Minimum Trading Unit:

100 shares

Credit Rating

(as of February 28, 2023)

Millions of Yen

Consolidated Fiscal Year-End

Stock Listing:

1-3-3 Marunouchi, Chiyoda-ku, Tokyo, Japan

900,957

974,970

1,012,758

1,123,781

Rating1,203,211Agency

1,381,217

Long1,394,199-Term Rating1,463,256Short-

1,559,592

Total assets

630,887

759,245

Net assets

Mizuho Trust & Banking Co., Ltd.

298,526

332,536

339,849

356,203

385,561

394,059

404,522

387,486

426,931

451,711

217,776

Japan Credit Rating Agency, Ltd. (JCR)

A

Equity

215,046

295,124

327,708

333,547

350,073

373,572

383,393

393,849

377,318

416,455

440,495

Interest-bearing debt

220,146

190,366

253,798

334,406

S&P Global Ratings

506,975

666,076

BBB

757,593

360,292

405,749

709,659

794,199

Financial Indicators

Rating and Investment Information, Inc. (R&I)

A−

Equity ratio (%)

34.1

38.9

36.4

34.2

34.6

33.2

31.9

28.5

27.1

28.5

28.2

ROE (Ratio of net income to equity) (%)

10.7

9.2

7.9

7.5

8.3

8.4

8.9

8.8

(0.5)

4.9

3.0

ROA (Ratio of net income to total assets) (%)

3.7

3.4

3.0

2.6

2.9

2.9

2.9

2.6

(0.1)

1.3

0.9

ROIC (Return on invested capital) (%)

-

-

4.9

4.5

4.4

4.6

4.4

4.3

2.2

2.4

2.5

D/E ratio (times)

1.0

0.6

0.7

1.0

1.0

1.0

1.3

1.6

1.8

1.8

1.8

Net D/E ratio (times)

0.8

0.4

0.5

0.8

0.8

0.9

1.1

1.5

1.5

1.6

1.5

PER (Price earnings ratio) (times)

19.0

26.3

21.4

14.7

13.7

16.6

12.3

10.1

-

19.0

31.1

PBR (Price book-value ratio) (times)

1.9

2.1

1.6

1.0

1.1

1.3

1.0

0.8

1.0

0.8

0.9

Note: Amounts in U.S. dollars are for convenience only, calculated at an exchange rate of ¥136.34 to US$1, the approximate rate on February 28, 2023.

  • AEON MALL issued 23.5 million and 2.5 million new shares on June 19, 2013 and July 12, 2013, respectively.
    AEON MALL conducted a 1.1 for 1 split for common shares on August 1, 2013. Accordingly, fiscal 2012 net-income per share has been calculated assuming this stock split occurred as of the first day of fiscal 2012.
  • Due to a change in fiscal year, fiscal 2012 consists of the 12-month-eight-day period from February 21, 2012 to February 28, 2013.

2022

Thousands of U.S. Dollars (Note)

2,920,964

322,574

11.0

839,093

48,660

23,510

250,218

95,309

750,315

516,518

744,390

99,133

(13,099)

741,536

U.S. Dollars (Note)

0.42

14.20

0.37

Thousands of U.S. Dollars (Note)

11,438,996

3,313,122

3,230,860

5,825,137

86 Corporate Data

86 Financial Performance

  1. 11-YearFinancial Highlights
  2. 11-YearNon-Financial Highlights Corporate Profile and
  3. Recognition and Certifications from External Organizations
  4. Stock Information

Message

2030 Vision

Value Creation

Strategy

Value Creation

Governance

Corporate

CorporateData

8992 AEON MALL INTEGRATED REPORT 2023

11Stock-YearInformationNon-Financial(asof FebruaryHighlights28, 2023)

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Non-Financial Indicators

Authorized No. of Shares: 320,000,000 shares

Treasury

Financial

Number

No. of malls (Japan/Overseas)

64(61/3)

138(133/5)

148(139/9)

161(144/17)

166(147/19)

174(150/24)

180(153/27)

172(142/30)

174(142/32)

174(140/34)

178(143/35)

No. of Shares Issued:

227,559,339 shares

3(2/1)

Stock

7(5/2)

11(7/4)

Institutions

7(5/2)

10(5/5)

Name/Company Name

3(1/2)

6(4/2)

3(2/1)

Percentage (%)

New malls (Japan/Overseas)

0.00%

13(5/8)

7(4/3)

4(1/3)

No. of Shareholders:

200,850

13.55%

No. of reactivated malls (floor space

Individuals

AEON Co., Ltd.

58.16

expansion/renovation)

5(1/4

)

11(0/11)

8(0/8)

1

2(

1/11)

20(2/18)

14(2/12)

8(2/6)

15(4/11)

10(2/8)

10(1/9)

12(0/12)

Foreign

and Others

The Master Trust Bank of Japan, Ltd. (Trust Account)

5.90

No. of urban Shopping centers

-

Companies -

-

22

22

21

-

20

21

23

23

2

)

Japan

3,498,400

8.92%6,615,900

6,996,700

17.32%

Custody Bank of Japan, Ltd. (Trust Account)

7,922,700

7,985,700

8,075,700

3.26

Total leasing area (m

7,312,900

7,753,950

7,923,800

8,154,700

7,876,500

1.14

Domestic

Bnymsanv as Agent / Clients Lux Ucits Non Treaty 1

Overseas

170,000

283,300

544,300

1,13

6

,000

1,266,000

1,599,700

1,828,000

2,072,000

2,251,000

2,366,000

2,480,000

Securities

Companies

Total

3,668,400

6,899,200

7,541,000

8,448,900

9,019,950Japan Securities9,523,500 Finance9,982,700Co. Ltd.

9,948,500

10,173,700

10,351,700

10,555,700

0.72

Energy consumption (crude oil equivalent kl)

96,083

Companies

106,155

59.08%

117,278AEON MALL118,030Trading-Partner118,723Shareholding117,801Association 112,922

127,251

124,691

0.65

100,598

114,856

Energy consumption intensity

1.13%

State Street Bank West Client -Treaty 505234

0.62

(denominator: floor space/mall operating hours)

Mizuho Bank, Ltd.

0.48

(GJ/1,000 m

2

x h)

0.539

0.510

0.475

0.453

0.401

0.379

0.364

0.384

0.373

0.432

0.410

EnergyShareholderconsumptionNotesintensity YoY (%)

92.21

94.62

93.01

95.45

95.33The Norinchukin94.88Bank

97.86

94.43

95.99

105.49

97.06

0.48

Waste recycling volume (t)

46,603

48,467

54,348

60,271

62,805

65,748

68 977

71,066

56,032

65,707

69,949

0.48

Fiscal Year End:

February 28 (or 29)

Sumitomo Mitsui Trust Bank, Limited

Waste recycling rate (%)

82.9%

83.2%

84.3

86.6

86.8

86.1

86.9

89.4

88.7

92.7

90.6

Record date:

Record Date for Annual General Meeting of Shareholders February 28 (or 29)

Notes

1) Shareholdings are rounded down to the nearest 1,000 shares.

3,496,469

Water consumption (m3)

3,183,332

3,328,665

3,175,143

3,354,719

3,592,795

3,612,049

3,629,433

3,596,512

3,146,507

3,457,894

Record Date for Year-End Dividend

February 28 (or 29)

2) Ownership ratios have been calculated excluding treasury stock (4,270

rounded to the

Water consumption intensity

August 31

nearest hundredth.

(denominator: floor space/mallRecordoperatingDate hours)for Interim Dividend

(m3/1,000 m2

x h)

0.46

0.44

0.37

0.34

0.34

0.32

0.32

0.30

0.26

0.27

0.27

Annual General

Trees planted (Japan, Overseas, ASEAN)

2,695,000

2,788,000

3,046,000

3,190,000

3,275,000

3,344,000

3,467,000

3,496,000

3,550,000

3,578,000

3,617,800

Shareholders' Meeting: Held annually by the end of May

No. of malls with EV charging stations

Credit Rating (as of February 28, 2023)

Minimum Trading Unit: 100 shares

25

35

73

128

136

149

158

154

155

158

173

(Japan, China, ASEAN)

Stock Listing:

1-3-3 Marunouchi, Chiyoda-ku, Tokyo, Japan

103

187

516

1,045

1,944

Rating Agency

2,404

Long-Term Rating Short-

2,663

No. of EV chargers (Japan, China)

60

2,332

2,418

2,424

Mizuho Trust & Banking Co., Ltd.

1,689

2,024

2,313

2,871Japan Credit3,091Rating Agency,3,303Ltd. (JCR)

3,447

3,656A

3,756

3,801

No. of employees (consolidated)

1,042

No. of female managers

79

99

112

115

121S&P Global Ratings136

151

155

BBB165

192

193

Ratio of female managers to total managers (%)

-

12.5

13.1

13.2

13.7

14.2

15.1

17.4

18.0

19.4

20.4

Rating and Investment Information, Inc. (R&I)

A−

No. of female officers

-

-

2

2

2

3

4

4

4

6

5

Ratio of female officers to total officers (%)

-

-

12.5

13.3

13.3

17.6

23.5

23.5

22.2

35.3

33.3

No. of local staff members overseas

-

392

580

829

956

1,113

1,125

1,288

1,429

1,465

1,563

* Figures for energy, waste, and water do not include those for PM contracted malls. Rates provided use multipliers including floor space

of common areas and back areas.

* Energy consumption, energy consumption intensity, and energy usage reduction figures are

fiscal April through fiscal March figures in conformance with the regular reporting requirements of the Act on the Rational Use of Energy.

  • Figures for waste output volume, recycling volume, and recycling rate are aggregated figures for specialty stores, common areas, and AEON MALL offices.
  • Figures for water consumption and water consumption intensity are aggregated figures for common areas and AEON MALL offices.
  • The number of trees planted is an aggregated number of trees in all malls including PM contracted properties.
  • Figures for ratio of female managers to total managers before fiscal 2012 are not listed, because the number of employees increased as a result of signing a PM contract for the malls of AEON Retail Co., Ltd. in 2013.
  • The number of local staff members overseas is listed in and after fiscal 2013, since when the opening of malls has accelerated.

902 AEON MALL INTEGRATED REPORT 2023

Corporate

Data

86 Corporate Data

86 Financial Performance

  1. 11-YearFinancial Highlights
  2. 11-YearNon-Financial Highlights Corporate Profile and
  3. Recognition and Certifications from External Organizations
  4. Stock Information

Introduction

Top Message

2030 Vision

Value Creation

Strategy

Value Creation

Governance

Corporate

Corporate Data

StockCorporateInformatProfionle (as(asofofFebruary28,28,2023)

Recognition and Certifications

from External Organizations

Corporate Data

Introduction

Top

CompanyGeneralName:Stock InformationAEON MALL Co., Ltd. (Stock Code:Distribution8905) of Shareholders

InclusionMajor Shareholdersin ESG Indexes(Top 10)

86 Corporate Data

Date Established:

Authorized No. of Shares:

Representative:

No. of Shares Issued:

Common stock: No. of Shareholders:

Headquarters:

No. of Shopping Malls:

November 1911

320,000,000 shares

Treasury

Financial

Yasutsugu Iwamura, President Stock

Institutions

227,559,339 shares

0.00%

13.55%

¥42,381 million

200,850

1-5-1 Nakase, Mihama-ku,Chiba-shi, Chiba 261-8539, Japan

Individuals

Foreign

199 (Domestic 164/Overseas 35)Companies

and Others

17.32%

* Includes OPA Co., Ltd. (urban shopping center business converted to subsidiary in

8.92%

March 2016) and other affiliates.

Domestic

2023

Number of

Name/Company Name

Shares Owned

(%)

(1,000 shares)

AEON Co., Ltd.

132,351

The Master Trust Bank of Japan, Ltd. (Trust Account)

Sompo Sustainability Index 13,430

Custody Bank of Japan, Ltd. (Trust Account)

7,423

3.26

SelectedBnymsanvfor asinclusionAgent in/ Clientsan

LuxSelectedUcitsforNoni clusionTreaty 1in

Selected for inclusion

2,614Selected for inclusion1.14

in the

86 Financial Performance

89

11-Year Financial Highlights

90

11-YearNon-Financial Highlights

Business Activities:

Business Activities Large scaleSecuritiescommunity development and shoppingCompanies

mall development and operationCompanies

59.08%

Real estate sales, lease, brokerage1.13%[Minister of Land, Infrastructure and

Transport (4) No. 7682]

No. of Employees:

3,801

Shareholder Notes

Fiscal Year End:

February 28 (or 29)

Offices

Record Date for Annual General Meeting of Shareholders

February 28 (or 29)

Record date:

Record Date for Year-End Dividend

February 28 (or 29)

Eastern Japan Branch

Fuundo Honkan Building 5F, 1-2 Kandaogawamachi,

Date for Interim Dividend

August 31

Chiyoda-ku, Tokyo 101-0052, Japan

Sendai Office

Sendai Minamimachi-dori Building 7F, 3-6-12 Chuo, Aoba-ku,

annually by the end of May

Sendai-shi, Miyagi 980-0021, Japan

AEON MALL Makuhari Shintoshin Family Mall, 1-1 Toyosuna,

East Kanto Division OfficeMarunouchi, Chiyoda-ku, Tokyo, Japan

Mihama-ku,Chiba-shi, Chiba 261-8535, Japan

Trust & Banking Co., Ltd.

industry-specific investment

the investment index

in the investment index

investment index developed

Japan Securities Finance Co., Ltd.

1,656

0.72

index in the ESG field

developed by MSCI for

developed by SOMPO

by S&P Dow Jones Indices

AEON MALL Trading-Partner Shareholding Association

Asset Management for ESG

1,500

0.65

developed by FTSE Russell

gender-diverse companies

LLC focused on carbon

State Street Bank West Client -Treaty 505234

investments

1,417

0.62

efficiency, etc.

Mizuho Bank, Ltd.

1,100

0.48

Certifications and Evaluations for ESG-Related

The Norinchukin Bank

1,100

0.48

Sumitomo Mitsui Trust Bank, Limited

1,100

0.48

Notes 1) Shareholdings are rounded down to the nearest 1,000 shares.

  1. Ownership ratios have been calculated excluding treasury stock (4,270 shares) and rounded to the nearest hundredth.

Assigned A- rating by CDP Recognized for 2 consecutive

Awarded 4 Star Rating

First Japanese company to

Credit Rating (as of February 28, 2023)

in the 2022 GRESB Real

participate in EV100

years as a Leader Board

Company; Highest CDP

Estate Assessment

Rating Agency

Long-Term Rating

Short-Term Rating

Supplier Engagement Rating

Japan Credit Rating Agency, Ltd. (JCR)

A

-

Corporate Profile and

91

Recognition and Certifications

from External Organizations

92

Stock Information

Message

2030 Vision

Value Creation

Value Creation Strategy

Central Japan Branch

Nagoya Office

Western Japan Branch

Kobe Office

Hiroshima Office

Kurabo Annex Building 12F, 2-4-11 Kyutaromachi, Chuo-ku,Osaka-shi, Osaka 541-0056, Japan

Aizo building 4F, 5-25-1 Meieki, Nakamura-ku,

Nagoya-shi Aichi 450-0002, Japan

Sankyo Fukuoka Building 5F, 2-9-11 Hakataekiminami, Hakata-ku,Fukuoka-shi, Fukuoka 812-0016, Japan

2-1-1 Nakanoshima, Hyogo-ku,Kobe-shi, Hyogo 652-0844, Japan

1-3-52Danbara-minami,Minami-ku,Hiroshima-shi, Hiroshima 732-0814, Japan

S&P Global Ratings

BBB

-

Information, Inc. (R&I)

A−

a−1

2023 Certified Health &

Obtained Platinum Eruboshi

Certified as a Child-rearing

Certified as Superior

Productivity Management

Certification from the Minister

Support Company by the

(highest of 5 levels) under

Outstanding Organization

of Health, Labour and Welfare

Minister of Health, Labour

the CASBEE for Real Estate

(Large Enterprise)

on the basis of the Act on

and Welfare

System in 2022

Promotion of Women's Active

Engagement in Professional Life

Corporate Governance

Corporate

912 AEON MALL INTEGRATED REPORT 2023

Please refer to our website for information on certifications and evaluations obtained from external organizations not mentioned above.

https://www.aeonmall.com/en/esg/basicdata/03/

Data

Stock Information (as of February 28, 2023)

Corporate Data

Introduction

Top

General Stock Information

Distribution of Shareholders

Authorized No. of Shares:

320,000,000 shares

Treasury

Financial

No. of Shares Issued:

227,559,339 shares

Stock

Institutions

No. of Shareholders:

200,850

0.00%

13.55%

Foreign

Individuals

and Others

Companies

17.32%

8.92%

Domestic

Securities

Companies

Companies

59.08%

1.13%

Shareholder Notes

Fiscal Year End:

February 28 (or 29)

Record date:

Record Date for Annual General Meeting of Shareholders

February 28 (or 29)

Record Date for Year-End Dividend

February 28 (or 29)

Record Date for Interim Dividend

August 31

Annual General

Shareholders' Meeting:

Held annually by the end of May

Minimum Trading Unit:

100 shares

Stock Listing:

1-3-3 Marunouchi, Chiyoda-ku, Tokyo, Japan

Mizuho Trust & Banking Co., Ltd.

Major Shareholders (Top 10)

Number of

Name/Company Name

Shares Owned

Percentage (%)

(1,000 shares)

AEON Co., Ltd.

132,351

58.16

The Master Trust Bank of Japan, Ltd. (Trust Account)

13,430

5.90

Custody Bank of Japan, Ltd. (Trust Account)

7,423

3.26

Bnymsanv as Agent / Clients Lux Ucits Non Treaty 1

2,614

1.14

Japan Securities Finance Co., Ltd.

1,656

0.72

AEON MALL Trading-Partner Shareholding Association

1,500

0.65

State Street Bank West Client -Treaty 505234

1,417

0.62

Mizuho Bank, Ltd.

1,100

0.48

The Norinchukin Bank

1,100

0.48

Sumitomo Mitsui Trust Bank, Limited

1,100

0.48

Notes 1) Shareholdings are rounded down to the nearest 1,000 shares.

  1. Ownership ratios have been calculated excluding treasury stock (4,270 shares) and rounded to the nearest hundredth.

Credit Rating (as of February 28, 2023)

Rating Agency

Long-Term Rating

Short-Term Rating

Japan Credit Rating Agency, Ltd. (JCR)

A

-

S&P Global Ratings

BBB

-

Rating and Investment Information, Inc. (R&I)

A−

a−1

86 Corporate Data

86 Financial Performance

  1. 11-YearFinancial Highlights
  2. 11-YearNon-Financial Highlights Corporate Profile and
  3. Recognition and Certifications from External Organizations
  4. Stock Information

Message

2030 Vision

Value Creation

Strategy

Value Creation

Governance

Corporate

CorporateData

92 AEON MALL INTEGRATED REPORT 2023

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Aeon Mall Co. Ltd. published this content on 18 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2023 01:25:34 UTC.