Aeon Delight : Summary of Financial Results for the Second Quarter Ended August 31, 2022 (Consolidated)(1.15 MB)

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.

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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

Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): None
Application of accounting procedures specific to preparation of the consolidated quarterly financial statements: None

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
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.

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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

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			(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

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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.

AEON DELIGHT CO., LTD.

Aeon Delight : Summary of Financial Results for the Second Quarter Ended August 31, 2022 (Consolidated)(1.15 MB)

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