Aeon Delight : Summary of Financial Results for the Year Ended February 28, 2022 (Consolidated)

Summary of Financial Results for the Year Ended February 28, 2022

[Japan GAAP] (Consolidated)

April 7, 2022

Company	AEON DELIGHT Co., Ltd.	Listed on the TSE
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: [phone]

Planned date for annual shareholders' meeting: May 18, 2022 Planned date for filing of annual securities report: May 19, 2022 Preparation of supplementary financial document: Yes

Planned date for commencement of dividend payment: May 6, 2022

Results briefing: Yes (for institutional investors and analysts)

1. Consolidated business results for the fiscal year ended February 2022

(March 1, 2021 through February 28, 2022)

(1) Consolidated results of operations

（Rounded down to million yen）

(% change from the previous corresponding period)

Net sales	Operating income	Ordinary income	Net income attributable to owners of parent
Year ended Feb. 2022 Year ended Feb. 2021	Million yen 317,657 % 5.9 300,085 -2.8	Million yen 15,733 15,230 % 3.3 -4.8	Million yen 15,789 % 3.4 15,268 -4.3	Million yen % 10,665 -8.7 11,680 25.0

(Note) Comprehensive income:

Year ended February 2022: 11,529million yen (-6.5%) Year ended February 2021: 12,329 million yen (36.4%)

Net income per share	Diluted net income per share	Return on equity	Ratio of ordinary income to total assets	Ratio of operating income to net sales
Year ended Feb. 2022 Year ended Feb. 2021	Yen 213.26 233.69	Yen 213.12 233.47	% 11.7 14.1	% 11.3 11.2	% 5.0 5.1

(Reference) Investment earnings/loss on equity-method:

Year ended February 2022: 85million yen

Year ended February 2021: 79 million yen

(2) Consolidated financial position

Total assets	Net assets	Shareholders' equity ratio	Net assets per share
As of Feb. 2022 As of Feb. 2021	Million yen 142,859 136,565	Million yen 95,421 88,281	% 66.2 64.0	Yen 1,890 76 1,746 88

(Reference) Shareholders' equity:

As of February 2022: 94,577million yen As of February 2021: 87,347 million yen

(3) Consolidated results of cash flows

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at the end of period
Year ended Feb. 2022 Year ended Feb. 2021	Million yen 12,598 10,403	Million yen -386 -7,325	Million yen -4,572 -5,324	Million yen 67,520 58,937

2. Dividends

Annual dividend	Total dividend (Total)	Dividend payout ratio (Consolidated)	Rate of total dividend to net assets (Consolidated)
End of 1Q	End of 2Q	End of 3Q	Year-end	Total
Year ended Feb. 2021 Year ended Feb. 2022 Ordinary dividend Commemorative dividend* Total	Yen - - - -	Yen 35.00 37.00 5.00 42.00	Yen - - - -	Yen 47.00 37.00 5.00 42.00	Yen 82.00 74.00 10.00 84.00	Million yen 4,099	% 35.1	% 4.9
3,701 500	34.7 4.7
4,201	39.4	4.6
Year ending Feb. 2023 (forecast)	-	42.00	-	43.00	85.00	-	39.7	-

* 15th anniversary of AEON delight

3．Forecast of consolidated business results for the fiscal year ending February 2023

(March 1, 2022 through February 28, 2023)

Net sales	Operating income	Ordinary income	Net income attributable to owners of parent	Net income per share
Year ending Feb. 2023	Million yen % 310,000 -2.4	Million yen % 17,000 8.1	Million yen % 17,000 7.7	Million yen % 10,700 0.3	Yen 213.91

*Notes

• (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): Yes

  Excluded: 1 (General Services Inc.)

• (2) 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

• : None

• : Yes

  ③Changes in accounting estimates ④Restatement

• : None

• : None

(3) Shares outstanding (common stock)

① Number of shares outstanding at the end of period (treasury stock included)

As of February 2022 54,169,633 shares

As of February 2021 54,169,633 shares ② Treasury stock at the end of period:

As of February 2022 4,148,409 shares

As of February 2021 4,167,473 shares ③ Average number of stock during period

Year ended February 2022

Year ended February 2021

50,010,395 shares 49,984,105 shares

*Financial summary is not subject to auditing 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.

Consolidated Financial Statements (Consolidated Balance Sheet)

(Million yen)
Previous Fiscal Year	Current Fiscal Year
(February 28, 2021)	(February 28, 2022)
Assets
Current assets
Cash and deposits	59,773	68,282
Notes and accounts receivable	39,176	40,708
Electronically recorded monetary claims	3,182	4,220
Inventories	2,006	2,074
Other	6,082	5,861
Allowance for doubtful accounts	-212	-134
Fixed assets
Tangible fixed assets
Buildings and structures, net	1,671	1,629
Tools, furniture and fixtures, net	4,264	3,589
Land	2,000	466
Total tangible fixed assets	9,481	7,080
Intangible fixed assets
Goodwill	3,938	3,360
Total intangible fixed assets	5,518	5,653
Investments and other assets
Investment securities	3,960	3,720
Deferred tax assets	4,840	2,951
Other	2,766	2,470
Total investment and other assets	11,557	9,111
Total assets	136,565	142,859

Total current assets 110,008

121,013

Other, net 1,545

1,394

Other 1,579

2,293

Allowance for doubtful accounts -11

-30

Total fixed assets 26,556

21,845

(Million yen)

Total current liabilities 44,123

43,892

Total fixed liabilities 4,160

3,544

Total shareholders' equity 86,685

92,958

Remeasurements of defined benefit plans -349

-263

Share subscription rights 119

86

Total net assets 88,281

95,421

Previous Fiscal Year	Current Fiscal Year
(February 28, 2021)	(February 28, 2022)
Liabilities
Current liabilities
Notes and accounts payable-trade	22,170	22,070
Electronically recorded obligations - operating	4,188	4,415
Short-term borrowings	299	247
Accounts payable	7,227	7,126
Income taxes payable	1,147	2,326
Provision for bonuses	1,325	1,363
Accrued directors' and corporate auditors'	81	84
remuneration
Asset retirement obligations	127	6
Allowance for sales discounts	130	120
Other	7,425	6,131
Fixed liabilities
Deferred tax liabilities	876	946
Provision for directors' retirement benefits	114	84
Retirement benefit liability	1,594	1,486
Asset retirement obligations	234	416
Allowance for sales discounts	192	80
Other	1,147	531
Total liabilities	48,283	47,437
Net assets
Shareholder's equity
Capital stock	3,238	3,238
Capital surplus	13,226	13,239
Retained earnings	80,344	86,559
Treasury stock	-10,123	-10,077
Other accumulated comprehensive income
Valuation difference on securities	1,042	921
Foreign currency translation adjustments	-30	961
Total other accumulated comprehensive income	662	1,619
Non-controlling shareholders' equity	814	757
Total liabilities and net assets	136,565	142,859

Consolidated Statement of Income and Statement of Comprehensive Income

(Consolidated Statement of Income)

(Million yen)

Net sales

300,085

317,657

Gross profit

37,175

39,498

Operating income

15,230

15,733

Total non-operating income

432

448

Total non-operating expenses

395

392

Total extraordinary income

469

1,422

Total extraordinary loss

5,086

856

Income taxes

2,383

3,787

Total income taxes

-919

5,790

Net income (loss) attributable to non-controlling interests

-110

-99

Previous fiscal year
(March 1, 2020 -
February 28, 2021)
Cost of sales	262,910	278,158
Selling, general and administrative expenses	21,945	23,764
Non-operating income
Interest income	20	32
Dividends income	68	73
Equity in income of affiliates	79	85
Other	265	257
Non-operating expenses
Interest expenses	38	29
Other	356	362
Ordinary income	15,268	15,789
Extraordinary income
Gain on sale of fixed assets	-	1,223
Gain on sales of investment security	33	-
Subsidies for employment adjustment	435	199
Extraordinary loss
Impairment loss	1,659	441
Loss due to response to new infections	482	172
Loss on transfer of business	1,253	-
Other	1,690	242
Income before income taxes	10,651	16,355
Income taxes-deferred	-3,302	2,003
Net income	11,570	10,565
Net income attributable to owners of parent	11,680	10,665
-5-

Current fiscal year (March 1, 2021 - February 28, 2022)