Summary of Financial Results for the Year Ended February 28, 2023
[Japan GAAP] (Consolidated)
April 11, 2023 | |||||||||||||||
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 | Emiko Ishii, Executive Officer , General Manager of President's Office | T E L: +81-3-6895-3892 | |||||||||||||
and ESG Promotion Office | |||||||||||||||
Planned date for annual shareholders' meeting: May 19, 2023 Planned date for commencement of dividend payment: May 8, 2023 | |||||||||||||||
Planned date for filing of annual securities report: May 22, 2023 | |||||||||||||||
Preparation of supplementary financial document: Yes | |||||||||||||||
Results briefing: Yes (for institutional investors and analysts) | |||||||||||||||
(Rounded down to million yen) | |||||||||||||||
1. Consolidated business results for the fiscal year ended February 2023 | |||||||||||||||
(March 1, 2022 through February 28, 2023) | |||||||||||||||
(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 | % | ||||||||
Year ended Feb. 2023 | 303,776 | - | 15,814 | - | 16,006 | - | 10,152 | - | |||||||
Year ended Feb. 2022 | 317,657 | 5.9 | 15,733 | 3.3 | 15,789 | 3.4 | 10,665 | -8.7 | |||||||
(Note) Comprehensive income: | |||||||||||||||
Year ended February 2023: 11,003 million yen (-%) | |||||||||||||||
Year ended February 2022: 11,529 million yen (-6.5%) | |||||||||||||||
Net income | Diluted net income | Return on | Ratio of ordinary | Ratio of operating | |||||||||||
income to total | |||||||||||||||
per share | per share | equity | income to net sales | ||||||||||||
assets | |||||||||||||||
Yen | Yen | % | % | % | |||||||||||
Year ended Feb. 2023 | 203.54 | 203.40 | 10.5 | 10.9 | 5.2 | ||||||||||
Year ended Feb. 2022 | 213.26 | 213.12 | 11.7 | 11.3 | 5.0 |
(Reference) Investment earnings/loss on equity-method: Year ended February 2023: 94 million yen
Year ended February 2022: 85 million yen
(Note) The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and others are applied since the beginning of the fiscal year under review. The figures for the fiscal year ended February 2023 are after the application of these accounting standards, and the year-on-year percentage changes are not presented. Applying these accounting standards, net sales for the fiscal year ended February 2022 would be 283,787 million yen, and the year-on-year percentage change in 303,776 million yen of net sales for the fiscal year ended February 2023 would be 7.0%.
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity | Net assets per | ||
ratio | share | ||||
Million yen | Million yen | % | Yen | ||
As of Feb. 2023 | 150,628 | 99,391 | 65.3 | 1,991.86 | |
As of Feb. 2022 | 142,859 | 95,421 | 66.2 | 1,890.76 | |
(Reference) Shareholders' equity: |
As of February 2023: 98,396 million yen
As of February 2022: 94,577 million yen
(3) Consolidated results of cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | |
operating activities | investing activities | financing activities | at the end of period | |
Million yen | Million yen | Million yen | Million yen | |
Year ended Feb. 2023 | 8,895 | -10,715 | -6,181 | 59,996 |
Year ended Feb. 2022 | 12,598 | -386 | -4,572 | 67,520 |
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2. Dividends
Annual dividend | Total | Dividend | Rate of total | |||||||||
dividend to | ||||||||||||
End of | End of | End of | Year-end | Total | dividend | payout ratio | ||||||
net assets | ||||||||||||
1Q | 2Q | 3Q | (Total) | (Consolidated) | ||||||||
(Consolidated) | ||||||||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||
Year ended Feb. 2022 | ||||||||||||
Ordinary dividend | - | 37.00 | - | 37.00 | 74.00 | 3,701 | 34.7 | |||||
Commemorative | - | 5.00 | - | 5.00 | 10.00 | 500 | 4.7 | |||||
dividend* | ||||||||||||
Total | - | 42.00 | - | 42.00 | 84.00 | 4,201 | 39.4 | 4.6 | ||||
Year ended Feb. 2023 | - | 42.00 | - | 43.00 | 85.00 | 4,225 | 41.8 | 4.4 | ||||
Year ending Feb. 2024 | 43.00 | 43.00 | 86.00 | 40.1 | ||||||||
(forecast) | ||||||||||||
* 15th anniversary of AEON delight |
3.Forecast of consolidated business results for the fiscal year ending February 2024 (March 1, 2023 through February 29, 2024)
Net sales | Operating income | Ordinary income | Net income attributable | Net income | |||||
to owners of parent | per share | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
Year ending Feb. | 310,000 | 2.0 | 16,000 | 1.2 | 16,000 | 0.0 | 10,400 | 2.4 | 214.32 |
2024 | |||||||||
(Note) At the meeting of the Board of Directors held on October 4, 2022, the Company resolved to acquire treasury stock. "Net income per share" in the consolidated business forecasts for the fiscal year ended March 2023 is based on the impact of the acquisition of treasury stock.
*Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in
the scope of consolidation): 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
- Yes
- None
- None
- None
(Note) For further details, see "Notes on consolidated financial statements (changes in accounting policies)" on p. 8 of the attached document.
- Shares outstanding (common stock)
- Number of shares outstanding at the end of period (treasury stock included)
As of February 2023 | 50,669,633 shares |
As of February 2022 | 54,169,633 shares |
- Treasury stock at the end of period:
As of February 2023 | 1,270,047 shares |
As of February 2022 | 4,148,409 shares |
- Average number of stock during period
Year ended February 2023 | 49,876,526 shares |
Year ended February 2022 | 50,010,395 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.
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Consolidated Financial Statements
(Consolidated Balance Sheet)
(Million yen) | ||
Previous Fiscal Year | Current Fiscal Year | |
(February 28, 2022) | (February 28, 2023) | |
Assets | ||
Current assets | ||
Cash and deposits | 68,282 | 57,600 |
Notes and accounts receivable | 40,708 | - |
Notes and accounts receivable - trade, and | - | 47,065 |
contract assets | ||
Electronically recorded monetary claims | 4,220 | 8,825 |
Securities | - | 7,008 |
Inventories | 2,074 | 2,363 |
Other | 5,861 | 6,766 |
Allowance for doubtful accounts | -134 | -95 |
Total current assets | 121,013 | 129,534 |
Fixed assets | ||
Tangible fixed assets | ||
Buildings and structures, net | 1,629 | 1,494 |
Tools, furniture and fixtures, net | 3,589 | 2,967 |
Land | 466 | 434 |
Other, net | 1,394 | 1,604 |
Total tangible fixed assets | 7,080 | 6,499 |
Intangible fixed assets | ||
Goodwill | 3,360 | 3,046 |
Other | 2,293 | 3,324 |
Total intangible fixed assets | 5,653 | 6,371 |
Investments and other assets | ||
Investment securities | 3,720 | 4,021 |
Deferred tax assets | 2,951 | 1,841 |
Other | 2,470 | 2,378 |
Allowance for doubtful accounts | -30 | -19 |
Total investment and other assets | 9,111 | 8,222 |
Total fixed assets | 21,845 | 21,093 |
Total assets | 142,859 | 150,628 |
- 3 -
(Million yen) | |||
Previous Fiscal Year | Current Fiscal Year | ||
(February 28, 2022) | (February 28, 2023) | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable-trade | 22,070 | 25,901 | |
Electronically recorded obligations - operating | 4,415 | 5,116 | |
Short-term borrowings | 247 | 182 | |
Accounts payable | 7,126 | 7,265 | |
Income taxes payable | 2,326 | 2,571 | |
Provision for bonuses | 1,363 | 1,389 | |
Accrued directors' and corporate auditors' | 84 | 52 | |
remuneration | |||
Asset retirement obligations | 6 | - | |
Allowance for sales discounts | 120 | 86 | |
Other | 6,131 | 5,840 | |
Total current liabilities | 43,892 | 48,406 | |
Fixed liabilities | |||
Deferred tax liabilities | 946 | 1,019 | |
Provision for directors' retirement benefits | 84 | 74 | |
Retirement benefit liability | 1,486 | 1,187 | |
Asset retirement obligations | 416 | 419 | |
Allowance for sales discounts | 80 | 11 | |
Other | 531 | 117 | |
Total fixed liabilities | 3,544 | 2,830 | |
Total liabilities | 47,437 | 51,237 | |
Net assets | |||
Shareholder's equity | |||
Capital stock | 3,238 | 3,238 | |
Capital surplus | 13,239 | 4,739 | |
Retained earnings | 86,559 | 91,421 | |
Treasury stock | -10,077 | -3,415 | |
Total shareholders' equity | 92,958 | 95,983 | |
Other accumulated comprehensive income | |||
Valuation difference on securities | 921 | 1,130 | |
Foreign currency translation adjustments | 961 | 1,435 | |
Remeasurements of defined benefit plans | -263 | -153 | |
Total other accumulated comprehensive income | 1,619 | 2,413 | |
Share subscription rights | 86 | 86 | |
Non-controlling shareholders' equity | 757 | 908 | |
Total net assets | 95,421 | 99,391 | |
Total liabilities and net assets | 142,859 | 150,628 |
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Consolidated Statement of Income and Statement of Comprehensive Income (Consolidated Statement of Income)
(Million yen) | |||
Previous fiscal year | Current fiscal year | ||
(March 1, 2021- | (March 1, 2022 - | ||
February 28, 2022) | February 28, 2023) | ||
Net sales | 317,657 | 303,776 | |
Cost of sales | 278,158 | 262,338 | |
Gross profit | 39,498 | 41,437 | |
Selling, general and administrative expenses | 23,764 | 25,623 | |
Operating income | 15,733 | 15,814 | |
Non-operating income | |||
Interest income | 32 | 42 | |
Dividends income | 73 | 77 | |
Equity in income of affiliates | 85 | 94 | |
Subsidy income | 14 | 126 | |
Other | 242 | 104 | |
Total non-operating income | 448 | 446 | |
Non-operating expenses | |||
Interest expenses | 29 | 43 | |
Other | 362 | 210 | |
Total non-operating expenses | 392 | 253 | |
Ordinary income | 15,789 | 16,006 | |
Extraordinary income | |||
Gain on sale of fixed assets | 1,223 | - | |
Gain on sales of investment security | - | 19 | |
Subsidies for employment adjustment | 199 | 34 | |
Total extraordinary income | 1,422 | 53 | |
Extraordinary loss | |||
Impairment loss | 441 | 77 | |
Loss due to response to new infections | 172 | 93 | |
Expenses for 50th anniversary | - | 312 | |
Other | 242 | - | |
Total extraordinary loss | 856 | 483 | |
Income before income taxes | 16,355 | 15,577 | |
Income taxes | 3,787 | 3,879 | |
Income taxes-deferred | 2,003 | 1,496 | |
Total income taxes | 5,790 | 5,376 | |
Net income | 10,565 | 10,201 | |
Net income (loss) attributable to non-controlling interests | -99 | 49 | |
Net income attributable to owners of parent | 10,665 | 10,152 |
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AEON DELIGHT 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 06:06:18 UTC.