Results for the First Half of Fiscal Year 2013
AEON Financial Service Co., Ltd.

Statements contained in this report with respect to the Company’s management strategies, business
policies and results forecasts are forward-looking statements about the future performance of theCompany, which are based on the assumptions and beliefs in light of the information currently
available. These forward-looking statements involve various uncertain factors including known andunknown risks such as economic trends, industry competition, market demand, exchange rates, tax
and other systems that may cause the Company’s actual results, performance or achievements todiffer materially from the expectations expressed herein.
Year-on-year comparisons of operating results and results by segment compare the period from April 1,2013 to September 30, 2013 with the period from February 21, 2012 to August 20, 2012.

1

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Strengthening of Compliance and Governance System■ Establish a governance system and generate awareness of compliance as a bank holding company.
■ Establish a system facilitating appropriated management and supervision of subsidiaries (in personnel,
organizational, physical and information systems terms).

Measures to Prevent Recurrence (Summary)(1) Generating corporate culture with emphasis on compliance(2) Strengthening governance of subsidiaries(3) Review of accounting system(4) Review of HR/organizational structure(5) Strengthening of information system structure

2

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Strengthening of Management Structure■ Established the new Business Management Department to strengthen management of domestic andoverseas subsidiaries.
Business planning ・Risk management

Human resources& general affairs ・Legal compliance

Financialinformation
security

Functiondevelopment ・IT

Business Management

Affiliate
Management Dept.

Management Audit Dept.

Business
Management
Dept.

Overseas subsidiaries
Thailand

Domestic
subsidiaries

Business
Management
Dept.

Greater Mekong
Subregion
3

AEON Financial Service Co., Ltd.

Hong Kong

Business
Management
Dept.

Greater China

Malaysia

Business
Management
Dept.

India
Indonesia
Philippines
Results for the First Half of Fiscal Year 2013

Synergy from Management Integration

More convenientfinancing・Make decisions on granting credit considering
household income and asset information
・Make use of the fundraising function of AEON Bank

Domestic cashing balance＋¥55.9 billion
from start of fiscal year

Strongermarketing power・Utilize asset information to promote AEON Card
Select sign-ups

AEON Card Selectcardholders＋¥320 thousand
from start of fiscal year

4

Expandedoverseasbusiness・Strengthen our business management structure

Stronger sales
force and higher
productivity

・Consolidate head office departments and businesscenters
・Boost productivity by shifting personnel to sales
departments

AEON Financial Service Co., Ltd.

Building trust among
local customers

Office consolidation
expenses¥400 million

Results for the First Half of Fiscal Year 2013

Operating Data (Balance Sheets)(Billions of yen)

Consolidated

Results

Cash and deposits

Change fromstart of fiscal
year(Billions of yen)

Consolidated

356.6-160.9Deposits

Loans and bills
discounted

1,244.3+116.3

Domestic

1,045.3

Overseas

Change from.
start of fiscal
year

Results
1,678.3+466.2

Interest-bearing debt

582.7

-210.5+95.3

Borrowed money

514.9-180.5

199.0

+21.0

Bonds payable

62.2

-0.2

Accounts receivable –installment

876.3+369.0Convertible bonds

5.6

-24.4

Customers’ liabilities for
acceptances and guarantees

186.3+185.7

Commercial
paper

－

-5.4

Allowance for doubtful
accounts(46.7)-5.8

Acceptances andguarantees

186.3+185.7

Domestic(37.0)

-4.5

237.4

-32.5

Overseas

(9.7)

-1.3

Accounts payable –trade and otherliabilities
Total liabilities

2,684.7+408.9Total net assets

285.8

+26.9

2,970.5+435.8

Securities and other assets

Total assets
5

AEON Financial Service Co., Ltd.

353.7
2,970.5-68.5+435.8

Total liabilities andnet assets

Results for the First Half of Fiscal Year 2013

Operating Data (Statements of Income)Consolidated

Results(Billions of yen)

Ordinary income

Domestic shopping

Domestic cash
advances

130.6

37.6
17.4

Consolidated

YoY(Billions of yen)

YoY

148%

Ordinary expenses

118.2

157%

114%

Advertising andpromotion

17.3

154%

Bad debt allowance

14.2

132%

23.0

173%

39.3

163%

10.8

143%

General expenses

2.8

120%

Financial expenses

10.6

178%

Ordinary profit

12.4

94%

Net income

2.5

42%

110%

Bank business

20.1

*1
(111%)

Fee business

17.1

145%

43.3

150%

Installment
payments andothers2.6*2(114%)

Consolidation
adjustments

(8.4)

－

Overseas businessResults

Salaries and fringe
benefits
Administrative
expenses
Equipment
expenses*1 YoY comparison of bank business income is a comparison with the results of AEON Bank for the first half of the previous fiscal year.
*2 YoY comparison of installment payment income is a comparison with the results of AEON Product Finance for the first half of the previous fiscal year.

6

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Results by Segment■ Steady growth in shopping and cash advances drove increases in income and profit in the credit business segment.
■ AEON Bank posted first-half ordinary profit of ¥3.5 billion, with 3.5 billion, with ¥10.0 billion projected for the full fiscal year (nonconsolidated).
(Billions of yen)

Ordinary income

Ordinary profit

YoY

YoY

Credit business

57.5

119%

7.9

111%

Fee business

17.1

145%

0.6

57%

Overseas business

43.3

150%

7.2

122%

Bank business

20.1＋¥20.1 billion

0.7＋¥0.7 billion

Elimination of intersegment
transactions

(8.4)

-

(4.1)

-

Consolidated results

130.6

148%

12.4

96%

(Figures are rounded to the nearest hundred million.)

7

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Number of Cardholders and Active Cardholders■ On a consolidated basis, the number of cardholders was 32.95 million (up 1.10 million from the start of the fiscal year) and the number ofdomestic cardholders was 22.87 million (up 630,000).
■ On a consolidated basis, the number of active cardholders was 18.64 million (up 800,000) and the number of domestic active cardholders
was 14.26 million (up 540,000).
■ The number of accounts was 3.41 million (up 820,000) and the number of AEON Card Select cardholders was 2.27 million (up 320, 000).

FY 2012
Number of cardholders,

Change

31.85

32.95

＋1.10

22.24

22.87

＋0.63

31.80

35.90

＋4.10

17.84

18.64

＋0.80

13.72

14.26

＋0.54

Number of accounts

3.06 million

3.41 million＋350,000

AEON Card Select cardholders

1.95 million

2.27 million＋320,000

260

320

＋60

Bank branches

105

115

＋10

Number of ATMs

2,680

3,823

＋1,143

consolidated
Domestic
WAON Cards issued
Number of active
cardholders, consolidated
Domestic

Number of domestic store
locations

8

FY 2013 1H

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Balance of Finance Receivables (before Securitization)■ The balance of finance receivables is increasing due to promotion of credit cards and housing loans.
(Billions ofyen)

Installment payment business (solar power system, renovation, etc.)

2,500

Overseas businessBank business (housing loans, etc.)

Credit card business (shopping, cash advances)2,600.0
2,328.3

1,965.8

2,000

1,500

1,000

1,041.2

500

0

12/2

13/3

13/9

14/3
(Projected)

9AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

AEON Bank Deposits and Interest Rate (Interest Expenses) (Domestic)■ The balance of deposits in the first half increased to ¥1,678.3 billion (up ¥466.2 billion from the start of the fiscal year), driven
by a time deposit promotional campaign and other initiatives.
■ Use of AEON Bank’s fundraising function resulted in average interest rate (interest expenses) of 1.03% for the first half (down0.35 percentage points from the start of the fiscal year).
Average interest rate (interest expenses) during the period (right axis)(Billions of yen)Time deposits (left axis)
Liquid deposits and other deposits (left axis)

2,000

2,000.0

1.60%

1,675.7
1.40%

1,500

1,105.1

1.20%

1,000
1.00%

500

0
10

0.80%

2012/3

AEON Financial Service Co., Ltd.

2012/92013/3

2013/92014/3

0.60%

(FY)

(Projected)
Results for the First Half of Fiscal Year 2013

Reduction of Interest-bearing Debt
■ Interest-bearing debt at the end of the first half was ¥582.7 billion (down ¥210.5 billion from the start of the fiscal year) as a result of factors
including the shift to AEON Bank deposits.
■ Interest-bearing debt at the end of fiscal 2013 is projected to be ¥550.0 billion (down ¥243.2 billion from the start of the fis cal year).

(Billions of yen)

800

793.2

Overseas interest-bearing debt
Domestic interest-bearing debt

251.6
582.7

600

270.7

400

550.0

430.0
283.5

541.6

200

312.0

266.5

0
13/3

13/9

14/3

15/3

16/3

17/3

(FY)

(Projected)
11

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Allowance for Possible Credit Losses (Domestic Credit Card Business)■ Provision for possible credit losses on domestic credit card receivables in the first half was ¥4.7 billion, and the ending balanceof the allowance for possible credit losses was ¥25.1 billion.
(Billions of yen)

FY 2012 1H

FY 2013 1H

Allowance for possible credit
losses, beginning of period

31.4

26.4

Provision for possible credit
losses3.4

4.7

Write-off of credit losses(including transferred debt)

7.2

6.1

Allowance for possible credit
losses, end of period(Billions of yen)

FY 2013 1H
Personal bankruptcies
Receivables in arrears
over 3 months andsubject to special
attention

General provisions

27.5

25.1

*Includes structured
debt in repayment

Total
Allowance ratio

3.3%

2.6%

Actual costs related to credit
losses10.6

10.8

Fully amortized

20.2

4.9

25.1

■ Allowance for possible credit losses (domestic subsidiaries)
AEON Bank: ¥3.1 billion
AEON Product Finance: ¥5.9 billion
AEON Housing Loan Service: ¥0.8 billion

12

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Allowance for Loss on Refund of Interest Received■ The number of disclosure claims in the first half was 900 claims per month (down 41% YoY), and the amount of interest
refunded was ¥1.8 billion (down 28% YoY).
■ Provision for loss on refund of interest received in the second half is projected to be ¥1.0 billion due to a decreasing number of
disclosure claims.
(Billions of yen)

FY 2012 1H

13FY 2012 2H

FY 2013 1H

FY 2013 2H(projected)

Allowance for loss on refund ofinterest received, beginning of
period

9.2

6.6

3.7

3.0

Provision for loss on refund ofinterest received

－

－

1.1

1.0

Interest refunded(Sums refunded andappropriation of interest to
principal)

2.6

2.9

1.8

1.2

Allowance for loss on refund ofinterest received, end of period

6.6

3.7

3.0

2.8

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Key Initiatives for the Second Half of FY 201314

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Credit Card Business – ① Expansion of Number of Domestic Cardholders■ The number of cardholders was 23.5 million (up 1.26 million from the start of the fiscal year), driven by tablet purchases andstronger online sign-ups.
■ The number of active cardholders was14.8 million (up 1.08 million from the start of the fiscal year) with factors including the
expansion of stores issuing cards on-the-spot.
(Million of cardholders)32(Million of cardholders)

Active cardholders

Number of cardholders

17.5

30
28
13.72

14.26

14.80

15.0

26

12.5

23.50

24
22.24

22.87

22

10.5

20

7.5

18
05

16 0
13/3
15

13/9

AEON Financial Service Co., Ltd.

14/3

(Projected)

15/3

16/3

17/3

(FY)

Results for the First Half of Fiscal Year 2013

② Initiatives to Improve Annual Activity Rates■ Transaction volume was ¥1,684.7 billion in the first half (up 14% YoY) as the number of active cardholders continued to grow.
■ The AEON Debit Card will be issued from January 2014, and we project transaction volume for FY 2013 of ¥3,600 billion (up
15% YoY) with an annual activity rate of 68.0% (up 1.2% percentage points YoY).
(Transaction volume YoY is aggregated for same period)(Billions of yen)

4000

68.0%
Annual activity rate (right axis)

66.8%

Card shopping transaction volume (left axis)¥3,600 billion¥3,400 billion

3000

Debit Card

Favorable interest rates
for SelectInterest-free payment byinstallments

ＧＧ Thanks Day

Customer Wakuwaku Day
Issue WAON-integrated cards

62%

56%
54%

Issue co-branded cards with Cosmo Oil, JR East and JAL
Issue gold cards and provide AEON lounge and airport lounge services

0

64%

58%

Issue AEON Card Select

1000

66%

60%

Enhance point program

2000

68%

52%

Tokimeki Point ClubAEON Thanks Day and birthday passports

50%'02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13(FY)(Projection)

16

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

③ Initiatives to Expand Transaction Volume■ Increased convenience by offering privileges such as favorable interest rates on ordinary deposits and thankyou day discounts for cardholders 55 and over.
■ Expanded monthly rate of activity and amount of usage by enhancing functions and privileges.

Credit cards
AEON Card SelectGG AEON Card (55 andover)

AEON Card

Monthly rate ofactivity

55%

43%

39%

Monthlyamount ofusage¥37,000¥34,000¥34,000

Favorable interest rates

Discounts on the 15th of
every month

Charge points
Privileges

Thank-you day discounts on the 20th and 30th of every month/
Customer Wakuwaku Day on the 5th, 15th and 25th of every month

17

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

④ Expansion of Credit Card Cashing Balance (Domestic)■ Credit card cashing balance at the end of the first half was ¥285.9 billion (up ¥56.0 billion from start of fiscal
year) owing to enhancement of the ATM network.
■ Cashing balance at the end of the fiscal year is projected to be ¥340.0 billion (up ¥110.1 billion from start offiscal year).
(Billions of yen)

350.0

340.0

Credit card cashing balance

300.0

285.9
256.1

250.0
229.9

0
200.0
1Ｑ
18

2Ｑ
‘12

AEON Financial Service Co., Ltd.

3Ｑ

4Ｑ

1Ｑ

2Ｑ
‘13

3Ｑ

4Ｑ
(FY)

Results for the First Half of Fiscal Year 2013

Fee Business – ① Expansion of E-money Business■ Promotion of registered WAON cards, which have high activity rates, helped boost transaction volume in the first half to ¥750.3
billion (up 32% YoY).
■ Added affiliated merchants with new payment terminals and introduced WAON at Daiei and other AEON Group companies.

Key Initiatives(Billions of yen)

WAON cards issued (right axis)

Expansion of registered WAON
cards

(Millions ofcards)

WAON transaction volume (left axis)

60

3000

50
40.0 million cards

2000

40

31.8 million
cards

30

¥1.6 trillion
Addition of affiliated merchants¥1.3 trillion

20

1000

10

750.3

Smartphone credit card payment terminal

19

0

0

'12

'13

'14

'15

'16 (FY)(Projected)
AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

② Promotion of Internet Business■ Transaction volume was ¥117.5 billion (up 17% YoY) due to strengthened online affiliated merchant development.
■ Began Web-based application for switching to AEON Card Select and introduced payment with Tokimeki Points.
(Billions of yen)

Key Initiatives

600

Number of online members (right axis)

Enhanced Web-based application
functions

15(Millions ofmembers)

Online transactions (left axis)

500

10
400
7.50 million
5.97 million
Began offering payment with points

300¥255.0 billion

5¥211.2 billion

200
117.5

0
100

0
'12

20

AEON Financial Service Co., Ltd.

'13

(Projected)

'14

'15

'16 (FY)

Results for the First Half of Fiscal Year 2013

③ Efforts to Strengthen Disaster Recovery and Raise Productivity■ In addition to our data centers in Eastern Japan, data centers were opened in Western Japan as a way of preparing for largescale disasters.
■ We are consolidating business center functions to achieve low-cost operations.

Key Initiatives
Building a Disaster Recovery System

Consolidation of Business Center Functions

Western Japan data centers
Eastern Japan data centers

Kyushu Business Center

Business centers
Data centers
21

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Domestic Subsidiaries – Strengthening the Installment Payment Business■ Transaction volume rose steadily by 22% YoY for August and 25% for September as we promoted renovation and solar powerloans.
■ Expanded operations by starting business in AEON stores and issuing a co-branded card with Toshiba Stores (2,800 stores).

Key Initiatives

350(Billions of yen)

Set up service desks in AEON stores

AEON Product Finance Transaction Volume
Transaction volume

300

250
210.0

200
150

144.0

Expanded affiliated merchant network

100

50

55.3

0
'12
22

AEON Financial Service Co., Ltd.

'13

(Projected)

'14

'15

'16 (FY)

Results for the First Half of Fiscal Year 2013

Strengthening “Flat 35” Loans■ Transaction volume for the first half was ¥62.1 billion (up 4% YoY) due to expansion of AEON Bank housing loans through major
alliance partners.
■ Expanded sales channels by opening Housing Loan Plaza and promoting Flat 35 refinancing online.

Key Initiatives

600 AEON Housing Loan Service Transaction Volume(Billionsof yen)Transaction volume

Expanded AEON Bank housing loans

500

400
300
Diversified sales channels

200

100

183.0
112.3

62.1

0

'12

'13

'14

'15

'16 (FY)(Projected)

23

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Strengthening the Insurance Business■ Expanded number of insurance agency stores to 107 in the first half (up 17 stores from the start of the fiscal year), and plan toexpand to 116 stores by the end of the fiscal year (up 26 stores).
■ Projecting operating income of ¥5.9 billion for the fiscal year due to integration of Internet and store sales.

Key Initiatives

12(Billions ofyen)Operating Income of AEON Insurance Service

Expanded the sales network

Operating income

10
8
6

5.9
5.3

Offered insurance products incooperation with retailers

4
2

2.7

0
'12

'13

'14

'15

'16 (FY)(Projected)

24

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Bank Business – ① Strengthening the Bank Business by Expanding the Sales Network■ Planning to increase number of ATMs installed to 5,000 (up 2,320 YoY) and number of bank branches to 124 (up 19 YoY).
■ Expanded number of uses through an alliance with Mizuho Bank for surcharge-free ATM use and joint planning for coupons, etc.

Key Initiatives(No. of ATMs)(No. ofbranches)

Number of bank branches (right axis)

Number of ATMs (left axis)

200

10000

150

124 branches

105 branches
Expanded the sales network

5,000 ATMs

5000

100

2,680
ATMs

50

3,823
ATMs

Enhanced convenience of ATMs

25

AEON Financial Service Co., Ltd.

0

0
'12

'13

'14

'15

'16

Results for the First Half of Fiscal Year 2013

② Strengthening Online Banking■ Expanded the number of investment trust products handled to 200, and transaction volume reached ¥36.0
billion (up 140% YoY).
■ In housing loans, enhanced omni-channel response to customers who apply online.

Key Initiatives

Number of online banking users (right axis)(Billions of
300
yen)

Online volume of investment trust,insurance, etc. transactions (left axis)

Expanded sales of investment trusts

250

5000
4000
3000

200

2000

830

150

(Thousand ofpeople)540

thousand people

1000

thousand people

Both online and offline service

店舗

Webで申込100

0¥80.0 billion

-1000
50
TEL

郵送

¥29.0 billion

-2000

¥36.0
billion

0

-3000
'12

26

AEON Financial Service Co., Ltd.

'13

'14

'15

'16

Results for the First Half of Fiscal Year 2013

Strengthening the Business Management System Centered on Hong Kong
■ Operating profit in the first half was ¥166 million (down 5% YoY) due to investments made through expansion of operating basesin Shenyang, Tianjin and Shenzhen.
■ Assigned a Manager from the Business Management Department to Hong Kong.

AEON Credit Service (Asia) Results(Thousands of people)

FY 2013 1H
Results

Shenyang
Beijing

Number ofcardholders

Tianjin

YoY

1,210

+ 50

(Millions of Hong Kong dollars, Millions of yen)

Shanghai

Guangzhou

TaiwanResults

YoY

YenequivalentTransaction
volume

4,118

112%

52,000Operatingincome

591

101%

7,500

Operatingprofit

166

95%

2,100

Net income

133

93%

1,640

Hong Kong Shenzhen

Local subsidiary
Representative office27(1 HK$ ＝12.65 yen)

AEON Financial Service Co.,
Ltd.
Co.,Ltd.

Results for the First Half of Fiscal Year 2013

Business Development in Greater China■ Hong Kong: Projecting transaction volume of HK$4,118 million for the first half (up 12% YoY) and HK$9,044 million for the fiscal
year (up 17% YoY), driven by cardholder sign-ups and implementation of joint plans with affiliated companies.
Promote virtual prepaid cards on the Internet.
■ China: Strengthen sign-up efforts for House Card.
Promote outsourcing in processing business.
■ Taiwan: In addition to strengthening governance system, carry out a capital increase to promote continued card usage.

Hong Kong

Shenyang/Tianjin/Shenzhen

Joint plans with affiliated companies

Virtual prepaid card

Beijing

Shenzhen (Processing business)

TaiwanStrengthen governancesystemCapital increase

28

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Strengthening the Business Management System Centered on Thailand■ Consolidated operating profit in the first half reached a record 1,567 million Baht (up 71% YoY).
■ Assigned a Manager from the Business Management Department to Thailand.
バングラデシュ■ Following
on from Vietnam and Cambodia, expanding our operating base in Myanmar with the aim of achieving profitability.
上海

AEON
THANA SINSAP (Thailand) Results
蘇州(Thousands of people)

FY 2013 1H
MyanmarResults
Number ofcardholders

Laos

YoY

6,920

+ 230

(Millions of Baht, Millions of yen)

Results

YoY

YenequivalentTransaction
フィリピン
volume46,030126%

149,000

Operatingincome

7,265

124%

23,500Operatingprofit

1,567

171%

5,050

Net income

1,253

191%

4,050

VietnamThailandCambodia

Local subsidiary29(1 Baht = 3.23 yen)

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Business Development in Greater Mekong Subregion■ Thailand: Boost cardholder sign-ups and expand transaction volume through joint promotions with affiliated merchants.
Strengthen development of affiliated merchants by introducing smartphone payment terminals.
■ Vietnam: Open branches in two regional cities to expand sales network.
■ Cambodia: Build a network of 700 stores by strengthening development of affiliated merchants among large consumer
electronics retailers and others.
■ Myanmar: Build a network of 500 stores by promoting development of affiliated merchants among mobile phone dealers andothers.

30

AEON Financial Service Co., Ltd.

ThailandCambodia

Vietnam

MyanmarResults for the First Half of Fiscal Year 2013

Strengthening the Management System Centered around Malaysia■ Operating profit in the first half was 113 million Ringgit (¥3.5 billion) (up 38% YoY).
■ Assigned a Manager from the Business Management Department to Malaysia.
■ Expanded affiliated merchant network in emerging economies.
AEON Credit Service (Malaysia) Results(Thousands of people)

FY 2013 1H
Results
Number ofcardholders

YoY

1,230

+ 100

(Millions of Ringgit, Millions of yen)

India
(Mumbai)

Results

Philippines

Malaysia

YoY

YenequivalentTransaction
volume

1,655

147%

51,700Operatingincome325

141%

10,160Operatingprofit

113

138%

3,540

Net income

84

140%

2,640

Local subsidiaries

Indonesia

31(1 Ringgit = 31.25 yen)

AEON Financial Service Co., Ltd.

Results for the First Half of Fiscal Year 2013

Business Development in Malaysia and Emerging Asian Economies■ Malaysia: Increase capital by becoming first Japanese company to issue perpetual bonds (approximately ¥6.0 billion)
Start point business with AEON BIG.
■ Indonesia: Strengthen development of affiliated merchants centered on large consumer electronics retailers and others.
■ India: Promote human resource development and expand sales network.
■ Philippines: Develop common information system for overseas operations and strengthen development of affiliated merchants
in financing business.

Malaysia

India

32

AEON Financial Service Co., Ltd.

Philippines (System)

Indonesia

Philippines (Financing)

Results for the First Half of Fiscal Year 2013

Overseas Business Results■ In the first half of FY 2013, ordinary income was ¥43.3 billion (up 50% YoY) and ordinary profit was ¥7.2 billion (up 22% YoY).
■ By strengthening our business management system, we are aiming for ordinary income of ¥160.0 billion in FY 2016.

(Billions of yen)(Billions of yen)

80

Ordinary income (right axis)
160.0

Ordinary profit (left axis)

150
60
100

40
62.0

20

50
13.5

43.3
7.2

0
'12
33

AEON Financial Service Co., Ltd.

'13

(Projected)

'14

'15

'16 (FY)

0

Results for the First Half of Fiscal Year 2013

Forecast of Results for FY 2013
■ Made forward-looking investments in first half, including expansion of the ATM network and promotional events in connection
with the management integration.
■ In the second half, we plan to reach announced figures by focusing on low-cost operations while building up shopping, cash
advance and housing loan balances.

Forecast of Results for FY 2013

YoY
Ordinary income¥265.0 billion

129%

Ordinary profit¥44.0 billion

132%

Net income¥23.8 billion

175%¥116.39132%

Net income per share

Interim
Dividend
forecast

34

AEON Financial Service Co., Ltd.

Year end¥25

Full year

¥35

¥60

Results for the First Half of Fiscal Year 2013