Financial Results for FY2022

March 1, 2022 - February 28, 2023

April 11, 2023

Contents

1

Financial Results for FY2022

Financial Results for FY2022

3

Overview of Consolidated Results

■ Consolidated Statements of Income

FY2022

FY2021

YoY Change

Actual

Actual

Change

％

Operating revenue

398,244

316,813

+81,431

125.7

Operating costs

322,829

248,884

+73,945

129.7

Gross profit

75,414

67,928

+7,485

111.0

Selling, general and

31,434

29,700

+1,734

105.8

administrative expenses

Operating income

43,979

38,228

+5,751

115.0

Ordinary income

36,409

32,540

+3,868

111.9

Income before income taxes

24,592

26,149

-1,557

94.0

Net income attribute

12,994

19,278

-6,284

67.4

to owners of parent

Net income per share (yen)

57.10

84.72

-28

－

FY2019

Vs. FY2019

Actual

Change

％

324,138

+74,105

122.9

234,813

+88,016

137.5

89,324

-13,910

84.4

28,530

+2,904

110.2

60,794

-16,814

72.3

56,117

-19,707

64.9

54,019

-29,426

45.5

34,239

-21,244

38.0

150.50

-93.40

－

(Unit: ¥, Millions)

Full Year Plan

Progress rate

(%)

404,000

98.6

－

－

－

－

－

－

55,500

79.2

45,500

80.0

－

－

23,000

56.5

101.07

－

・We applied Accounting Standard for Revenue Recognition beginning this fiscal year. Before applying this standard, we

[Operatingestimate that operating revenue was +10.3% of the previous year.

revenue]

[Extraordinary

losses]

[Income taxes]

・We recorded fixed costs of ¥3.0 billion incurred during the temporary closure period as loss of Impact of COVID-19.

・We also posted a ¥4.4 billion impairment loss, a ¥2.0 billion provision for loss on store closings, and a ¥2.4 billion yen loss on retirement of fixed assets.

・Total income taxes increased ¥4.5 billion due to the recording of deferred tax assets in the previous fiscal year in connection with the absorption-type merger of certain OPA locations.

Financial Results for FY2022

4

Change in Profit (Loss) by Segment (Vs. FY2019)

Q4 Cumulative

(Unit: ¥, Millions)

Operating

Operating

Gross Profit

SG&A

Operating

Revenue

Costs

Expenses

Income

Q4 FY2019

Vs. FY2019

Q4 FY2019

Vs. FY2019

Q4 FY2019

Vs. FY2019

Q4 FY2019

Vs. FY2019

Q4 FY2019

Vs. FY2019

(Actual)

(Actual)

(Actual)

(Actual)

(Actual)

Domestic Mall

299,871

250,328

49,543

238,956

175,995

62,960

60,915

74,332

-13,417

24,525

21,667

2,857

36,390

52,664

-16,274

Existing Mall

264,819

242,350

22,468

203,917

168,451

35,465

60,901

73,899

-12,997

－

－

－

－

－

－

New Mall*

27,583

467

27,116

28,034

445

27,588

-450

22

-472

－

－

－

－

－

－

Other

7,469

7,510

-40

7,004

7,098

-93

464

411

52

－

－

－

－

－

－

Urban SC

21,828

24,671

-2,842

22,307

22,162

145

-478

2,509

-2,987

1,796

2,713

-916

-2,275

-203

-2,071

Domestic Total

321,700

274,999

46,700

261,264

198,157

63,106

60,436

76,841

-16,405

26,321

24,380

1,940

34,114

52,460

-18,346

China

52,538

35,850

16,687

41,970

27,359

14,611

10,568

8,491

2,076

3,933

2,869

1,064

6,634

5,622

1,012

ASEAN

24,853

13,288

11,565

19,620

9,321

10,298

5,233

3,966

1,266

2,027

1,280

747

3,205

2,686

518

Vietnam

13,283

5,420

7,863

9,305

3,612

5,693

3,978

1,808

2,169

914

553

361

3,063

1,254

1,808

Cambodia

5,672

4,026

1,645

4,249

2,666

1,582

1,422

1,359

62

277

176

101

1,145

1,183

-38

Indonesia

5,897

3,841

2,056

6,064

3,042

3,022

-167

798

-966

819

549

269

-987

248

-1,235

Other

－

－

－

－

－

－

－

－

－

15

－

15

-15

－

-15

Overseas Total

77,392

49,138

28,253

61,590

36,681

24,909

15,801

12,457

3,343

5,961

4,149

1,812

9,839

8,308

1,531

Adjustment

-848

－

-848

-25

-25

－

-822

25

-848

-848

－

-848

25

25

－

Domestic and

398,244

324,138

74,105

322,829

234,813

88,016

75,414

89,324

-13,910

31,434

28,530

2,904

43,979

60,794

-16,814

Overseas Total

*New malls opened between FY2019 and FY 2022

[Comments Concerning Comparisons With FY2019 (Pre-COVID-19)]

[Japan]

・Operating income declined by -¥18.3 billion due to changes in consumer behavior and mindset during the protracted COVID-19 pandemic.

[Overseas]

・Operating income increased in China and ASEAN; our overseas business posted a record-high profit at an increase of +¥1.5 billion year on year.

[China]

・While sales in China trended downward due to continued strict behavioral restrictions caused by the spread of COVID-19 infections, operating income

increased +¥1.0 billion due to the shift of fixed costs in the amount of ¥2.9 billion during the temporary closure period to extraordinary losses.

[Vietnam]

・Sales were strong as the government transitioned to a policy of returning economic growth under With-COVID, and operating income increased +¥1.8

billion.

[Cambodia] ・Operating income recovered to near FY2019 levels as COVID-19 infections decreased.

[Indonesia] ・Despite progress in eased operating restrictions, operating income landed at a lower level due in part to the impact of vacant floor space in malls opened under the COVID-19 pandemic in the previous fiscal year.

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Disclaimer

Aeon Mall 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.