Financial Results for Q3, FY2021 March 1, 2021 - November 30, 2021
January 11, 2022
AEON MALL Co., Ltd.
Contents | 1 |
Financial Results for Q3, FY2021
Financial Results for Q3, FY2021
Overview of Consolidated Results・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Change in Profit (Loss) by Segment (Vs. Q3, FY2019)・・・・・・・・・・・・・・・・・・・・・・・・
Revenue Performance by Segment (China, ASEAN, Japan) ・・・・・・・・・・・・・・・・・・・・・
Revenue Forecasts for FY2022 and Beyond・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Japan Specialty Store Sales (83 Existing Malls, Year-on-Year)・・・・・・・・・・・・・・・・・・・・・
Income Statement Summary・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Earnings by Segment・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Balance Sheet Summary・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Cash Flow Statement Summary・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
New Growth Initiatives
New Mall Opening and Revitalization Strategy (China)・・・・・・・・・・・・・・・・・・・・・・・・
Accelerate New Mall Openings (Vietnam)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Accelerating New Mall Openings (Indonesia)・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Entering New Businesses (Cambodia)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Improve Functions to Enhance the Ability of Malls to Attract Customers・・・・・・・・・・・・・・・・・
Offer Comfortable Spaces and Experiences to Increase the Length of Mall Visits・・・・・・・・・・・・・
Develop New Business Models・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Develop Business Models Based on Location Characteristics・・・・・・・・・・・・・・・・・・・・・
Co-Creation With External Partners・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Working With Local Communities to Create Renewable Energy Locally for Local Consumption・・・・・・
Measures to Address Environmental Issues・・・・・・・・・・・・・・・・・・・・・・・・・・・・
6R Initiatives・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Measures to Address Social Issues・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Expanding Sustainable Finance・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Management Structure for Listing on the Prime Market・・・・・・・・・・・・・・・・・・・・・・・・
Organization for Stronger Governance・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Management Policies | |
P 3 | Management Policies・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 4 | Long-TermVision・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 5-7 | Medium- and Long-Term Numerical Targets・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 8 | Target Performance Indicators・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 9 | Shareholder Returns・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 10 | Three-YearMedium-Term Management Plan (FY2020 - FY2022) |
P 11 | Three-YearMedium-Term Management Plan・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 12 | Overseas Business Accelerate New Mall Openings・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 13 | Overseas Business Strengthen Earnings Capacity of Existing Malls・・・・・・・・・・・・・・・・・・ |
Domestic Business Deepen Localization Initiatives・・・・・・・・・・・・・・・・・・・・・・・・・ | |
P 15 | Domestic Business Initiatives as a Center for Community Health・・・・・・・・・・・・・・・・・・・ |
P 16 | Domestic Business Create Added Value Through New Business Model Development・・・・・・・・・・ |
P 17 | Domestic Business Build Next-Generation Malls・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 18 | Domestic Business Reform Business Portfolio・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 19 | Direction of Initiatives to Achieve Digital Transformation (DX)・・・・・・・・・・・・・・・・・・・・・ |
P 20 | Digital Transformation (DX) Initiatives・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 21 | Digital Transformation (DX) and the Future of AEON MALL・・・・・・・・・・・・・・・・・・・・・・ |
P 22 | Establish Governance Structures Supporting Growth Policies・・・・・・・・・・・・・・・・・・・・・ |
P 23 | Build a Financing Mix and Strengthen Governance Structures・・・・・・・・・・・・・・・・・・・・・ |
P 24 | ESG-BasedManagement・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 25 | Engaging With Materiality・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 26 | Measures Addressing Materiality・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 27 | Three-YearFinancial Targets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 28 | Three-Year New Mall Opening, Revitalization Plans・・・・・・・・・・・・・・・・・・・・・・・・・ |
P 29 | Three-Year Capital Investment and Funds Acquisition Plan・・・・・・・・・・・・・・・・・・・・・・ |
P 30 | FY2021 (Fiscal Year Ending February 2022) Consolidated Plan・・・・・・・・・・・・・・・・・・・・ |
Attachments (Mall Data)
List of Malls ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
- 32 P 33 P 34 P 35 P 36
P 38
- 39-41P 42 P 43 P 44 P 45 P 46 P 47 P 48 P 49 P 50 P 51 P 52 P 53 P 54 P 55 P 56 P 57 P 58 P 59-60
P 62-66
2
Q3, FY2021: Summary of Financial Results
Financial Results for Q3, FY2021 | 3 |
Overview of Consolidated Results |
■ Consolidated Statements of Income
FY2021 | FY2020 | YoY Change | |||
Q3 Actual | Q3 Actual | Change | % | ||
Operating revenue | 233,286 | 202,683 | 30,603 | 115.1 | |
Operating costs | 183,459 | 159,736 | 23,723 | 114.9 | |
Gross profit | 49,827 | 42,947 | 6,880 | 116.0 | |
Selling, general and | 21,480 | 19,913 | 1,567 | 107.9 | |
administrative expenses | |||||
Operating income | 28,346 | 23,034 | 5,312 | 123.1 | |
Ordinary income | 23,755 | 18,909 | 4,845 | 125.6 | |
Net income (loss) attribute | 16,457 | -4,599 | 21,057 | - | |
to owners of parent | |||||
Net income per share (yen) | 72.32 | -20.21 | 92.53 | - | |
FY2019 | Vs. FY2019 | ||
Q3 Actual | Change | % | |
240,573 | -7,286 | 97.0 | |
177,137 | 6,321 | 103.6 | |
63,435 | -13,608 | 78.5 | |
21,169 | 311 | 101.5 | |
42,265 | -13,919 | 67.1 | |
36,783 | -13,027 | 64.6 | |
23,503 | -7,046 | 70.0 | |
103.31 | -30.99 | - | |
(Unit:¥millions)
Full-Year Plan
Progress rate
(%)
344,000 67.8
- -
- -
- -
59,000 48.0
50,500 47.0
31,000 53.1
136.23 -
・Despite higher revenue and profits year on year, the continued spread of COVID-19 resulted in shortened
operating hours at malls in Japan and overseas and closures among certain businesses. Accordingly, profits have yet to return to the level of two years ago (fiscal 2019), before the outbreak of COVID-19.
・We recorded fixed costs of ¥3.6 billion incurred during the temporary closure period as extraordinary losses due to COVID-19.
Financial Results for Q3, FY2021 | 4 |
Change in Profit (Loss) by Segment (Vs. Q3, FY2019)
(Unit: ¥, millions) | ||||||||||||||
Operating Revenue | Gross Profit | Operating Income | ||||||||||||
Q3 FY2019 | Vs. FY2019 | Q3 FY2019 | Vs. FY2019 | Q3 FY2019 | Vs. FY2019 | |||||||||
(Actual) | (Actual) | (Actual) | ||||||||||||
Domestic Mall | 176,042 | 186,082 | -10,039 | 40,165 | 52,843 | -12,678 | 23,240 | 36,877 | -13,637 | |||||
Existing Mall | 162,884 | 180,439 | -17,554 | 39,861 | 52,647 | -12,786 | - | - | - | |||||
New Mall | 7,788 | 246 | 7,541 | 54 | -13 | 67 | - | - | - | |||||
Other | 5,370 | 5,397 | -26 | 250 | 209 | 41 | - | - | - | |||||
Urban SC | 15,532 | 18,456 | -2,923 | 68 | 1,294 | -1,226 | -1,322 | -756 | -565 | |||||
Domestic Total | 191,575 | 204,538 | -12,963 | 40,233 | 54,137 | -13,904 | 21,917 | 36,120 | -14,202 | |||||
China | 31,428 | 26,489 | 4,939 | 7,098 | 6,365 | 733 | 5,247 | 4,107 | 1,139 | |||||
ASEAN | 10,282 | 9,545 | 737 | 2,476 | 2,913 | -436 | 1,162 | 2,019 | -856 | |||||
Vietnam | 5,686 | 3,677 | 2,008 | 1,877 | 1,259 | 618 | 1,414 | 882 | 531 | |||||
Cambodia | 2,067 | 2,995 | -927 | 495 | 1,053 | -558 | 387 | 923 | -535 | |||||
Indonesia | 2,528 | 2,872 | -343 | 103 | 600 | -496 | -618 | 213 | -832 | |||||
Other | - | - | - | - | - | - | -20 | - | -20 | |||||
Overseas Total | 41,711 | 36,034 | 5,676 | 9,574 | 9,278 | 296 | 6,409 | 6,126 | 283 | |||||
Adjustment | - | - | - | 18 | 18 | - | 18 | 18 | - | |||||
Domestic and Overseas Total | 233,286 | 240,573 | -7,286 | 49,827 | 63,435 | -13,608 | 28,346 | 42,265 | -13,919 | |||||
[Comments Concerning Comparisons With FY2019 (Pre-COVID-19)]
・As the spread of COVID-19 continues in Japan, declarations of emergency were implemented on an intermittent basis through September 30, despite the easing of business restrictions. In spite of our efforts to reduce costs, the significant impact of the decline in consumer confidence resulted in lower revenue and profits.
・In China, specialty store sales trends picked up quickly, and operating income increased ¥1.1 billion, despite the temporary impact of the outbreak of COVID-19 throughout the country and the closure of certain AEON MALL malls.
・In ASEAN, operating income fell due to the impact of the spread of COVID-19 in Vietnam and the implementation of urban blockades in areas where our malls are located.
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Aeon Mall Co. Ltd. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 06:07:02 UTC.