Aeon Delight : Summary of Financial Results for the first quarter Ended May 31, 2022

(% change from the previous corresponding period)

Summary of Financial Results for the First Quarter Ended May 31, 2022

[Japan GAAP] (Consolidated)

			July 5, 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: [phone]

Expected date of filing of quarterly report: July 14, 2022	Expected starting date of dividend payment: -
Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: None
	（Rounded down to million yen）

1. Consolidated business results for the three months ended May 2022 (March 1, 2022 through May 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	%
Three months ended May 2022	71,786	-	3,282	-	3,300	-	2,246	-
Three months ended May 2021	79,688	8.4	3,728	7.9	3,751	8.4	2,507	-16.2
(Note) Comprehensive income

Three months ended May 2022: 2,910 million yen (-%)

Three months ended May 2021: 2,912 million yen (19.0%)

	Net income	Diluted net income per
	per share	share
	Yen	Yen
Three months ended May 2022	44.91	44.88
Three months ended May 2021	50.15	50.10

(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 first 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 71,146 million yen for the first quarter of the fiscal year ended February 2022, and the year-on-year percentage change for the first quarter of the fiscal year ending February 2023 would be 0.9% with 71,786 million yen of net sales.

(2) Consolidated financial position

		Total assets	Net assets	Shareholders' equity
		ratio
		Million yen	Million yen	%
As of May 2022		141,693	95,200	66.5
As of Feb. 2022		142,859	95,421	66.2
(Reference) Shareholders' equity
As of May 2022: 94,287 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 (forecast)		42.00	-		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.

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	Net income
		owners of parent	per share
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Year ending Feb. 2023	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

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*Notes

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

1. 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 details, please see the accompanying material "Quarterly Consolidated Financial Statements and Significant Notes (3) Notes on quarterly consolidated financial statements (Changes in accounting policies)" on P.7.

(4) Shares outstanding (common stock)

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

As of May 2022	50,669,633 shares
As of February 2022	54,169,633 shares
②Treasury stock at the end of period
As of May 2022	648,447 shares
As of February 2022	4,148,409 shares

③Average number of stock during period (quarterly cumulative period)

Three months ended May 2022	50,021,215 shares
Three months ended May 2021	50,005,610 shares

*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 First Quarter
		(February 28, 2022)	(May 31, 2022)
Assets
Current assets
Cash and deposits	68,282	65,959
Notes and accounts receivable	40,708	-
Notes and accounts receivable - trade, and contract	-	41,932
assets
Electronically recorded monetary claims	4,220	4,387
Inventories	2,074	2,739
Other	5,861	4,541
Allowance for doubtful accounts	-134	-150
Total current assets	121,013	119,409
Fixed assets
Tangible fixed assets
Buildings and structures, net	1,629	1,640
Tools, furniture and fixtures, net	3,589	3,394
Land	466	466
Other, net	1,394	1,476
Total tangible fixed assets	7,080	6,977
Intangible fixed assets
Goodwill	3,360	3,713
Other	2,293	2,488
Total intangible fixed assets	5,653	6,201
Investments and other assets
Investment securities	3,720	3,827
Other	5,421	5,307
Allowance for doubtful accounts	-30	-30
Total investment and other assets	9,111	9,104
Total fixed assets	21,845	22,284
Total assets		142,859	141,693

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			(Million yen)
		Previous Fiscal Year	Current First Quarter
		(February 28, 2022)	(May 31, 2022)
Liabilities
Current liabilities
Notes and accounts payable-trade	22,070	22,930
Electronically recorded obligations - operating	4,415	3,797
Short-term borrowings	247	285
Income taxes payable	2,326	636
Provision for bonuses	1,363	2,408
Accrued directors' and corporate auditors'	84	16
remuneration
Asset retirement obligations	6	-
Allowance for sales discounts	120	124
Other	13,257	13,032
Total current liabilities	43,892	43,232
Fixed liabilities
Provision for directors' retirement benefits	84	66
Retirement benefit liability	1,486	1,463
Asset retirement obligations	416	416
Allowance for sales discounts	80	59
Other	1,477	1,254
Total fixed liabilities	3,544	3,260
Total liabilities	47,437	46,493
Net assets
Shareholder's equity
Capital stock	3,238	3,238
Capital surplus	13,239	4,736
Retained earnings	86,559	85,616
Treasury stock	-10,077	-1,575
Total shareholders' equity	92,958	92,016
Other accumulated comprehensive income
Valuation difference on securities	921	976
Foreign currency translation adjustments	961	1,543
Remeasurements of defined benefit plans	-263	-249
Total other accumulated comprehensive income	1,619	2,270
Share subscription rights	86	98
Non-controlling shareholders' equity	757	814
Total net assets	95,421	95,200
Total liabilities and net assets		142,859	141,693

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Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income (Quarterly Consolidated Statement of Income)

(For the three months period)

			(Million yen)
		Previous First Quarter	Current First Quarter
		(March 1, 2021-	(March 1, 2022-
		May 31, 2021)	May 31, 2022)
Net sales	79,688	71,786
Cost of sales	69,922	62,041
Gross profit	9,765	9,745
Selling, general and administrative expenses	6,036	6,462
Operating income	3,728	3,282
Non-operating income
Interest income	4	6
Dividends income	33	35
Equity in income of affiliates	18	20
Other	24	33
Total non-operating income	80	96
Non-operating expenses
Interest expenses	8	4
Other	49	74
Total non-operating expenses	57	78
Ordinary income	3,751	3,300
Extraordinary income
Gain on sales of investment security	-	6
Subsidies for employment adjustment	74	-
Total extraordinary income	74	6
Extraordinary loss
Loss due to response to new infections	52	-
Other	0	-
Total extraordinary loss	52	-
Profit before income taxes	3,773	3,306
Income taxes	870	422
Income taxes-deferred	395	626
Total income taxes	1,266	1,049
Net income	2,507	2,257
Net income (loss) attributable to non-controlling	-0	11
interests
Net income attributable to owners of parent		2,507	2,246

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