Summary of Financial Results for the Year Ended February 28, 2023
[Japan GAAP] (Consolidated)
April 11, 2023
AEON DELIGHT Co., Ltd.
Listed on the TSE
9787
URL: https://www.aeondelight.co.jp
Kazumasa Hamada, President and CEO, Group CEO
Emiko Ishii, Executive Officer , General Manager of President’s Office
Contact
T E L: +81-3-6895-3892
and ESG Promotion OfficePlanned 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)
Company
Stock Code
Representative（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

Million yen%
Million yen
303,776
15,814
Year ended Feb. 2023
317,657
5.9
15,733
Year ended Feb. 2022
(Note) Comprehensive income:Year ended February 2023: 11,003 million yen (-%)
Year ended February 2022: 11,529 million yen (-6.5%)
Net income
per share%
3.3

Diluted net income
per share

Net income attributable toowners of parent

Ordinary income
Million yen
16,006
15,789Return on
equity%3.4

Million yen
10,152
10,665

Ratio of ordinary
income to total
assets
%
10.9
11.3

%
-8.7

Ratio of operating
income to net sales

Yen
Yen
%
%
203.54203.40
10.5
5.2
Year ended Feb. 2023
213.26213.12
11.7
5.0
Year ended Feb. 2022
(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 thebeginning 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
Million yen
150,628
As of Feb. 2023
142,859
As of Feb. 2022
(Reference) Shareholders’ equity:
As of February 2023: 98,396 million yen
As of February 2022: 94,577 million yen

Net assets
Million yen
99,391
95,421

Shareholders’ equity
ratio
%
65.3
66.2

Net assets per
share
Yen
1,991.86
1,890.76(3) Consolidated results of cash flows

Year ended Feb. 2023
Year ended Feb. 2022

Cash flows fromoperating activities
Million yen
8,895
12,598Cash flows frominvesting activities
Million yen-10,715-386-1-Cash flows fromfinancing activities
Million yen-6,181-4,572

Cash and cash equivalents
at the end of period
Million yen
59,99667,5202. Dividends
Annual dividend
End of
1Q

End of2Q

End of3Q

Year-end

Total
dividend(Total)Total

Rate of total
dividend to
net assets(Consolidated)%

Dividend
payout ratio(Consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

-

37.00

-

37.00

74.00

3,701

34.7

5.00

-

5.00

10.00

500

4.7

42.00
42.00

-

42.00
43.00

84.00
85.00

4,201
4,225

39.4
41.8

43.00

86.00

Year ended Feb. 2022
Ordinary dividend

Commemorative
dividend*
Total
Year ended Feb. 2023
Year ending Feb. 2024
(forecast)* 15th anniversary of AEON delight

43.00

4.6
4.4

40.1

3．Forecast of consolidated business results for the fiscal year ending February 2024
(March 1, 2023 through February 29, 2024)
Net salesYear ending Feb.
2024

Operating income

Net income attributableto owners of parent

Ordinary income

Net income
per share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

310,000

2.0

16,0001.2

16,0000.0

10,4002.4

214.32(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(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes inthe scope of consolidation): None
(2) Changes in accounting policies, accounting estimates and restatement: Yes①Changes in accounting policies associated with revision of accounting standards:: None②Changes in accounting policies other than ①: None③Changes in accounting estimates: None④Restatement(Note) For further details, see "Notes on consolidated financial statements (changes in accounting policies)" on p. 8of the attached document.
(3) Shares outstanding (common stock)① 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 shares② Treasury stock at the end of period:
As of February 2023
1,270,047 shares
As of February 2022
4,148,409 shares③ Average number of stock during period
Year ended February 2023
49,876,526 sharesYear 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 tovarious factors.

-2-

Consolidated Financial Statements(Consolidated Balance Sheet)(Million yen)Previous Fiscal Year
(February 28, 2022)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
Notes and accounts receivable - trade, andcontract assets
Electronically recorded monetary claims
Securities
Inventories
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures, net
Tools, furniture and fixtures, net
Land
Other, net
Total tangible fixed assets
Intangible fixed assets
Goodwill
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investment and other assets
Total fixed assets
Total assets-3-

Current Fiscal Year
(February 28, 2023)

68,28240,708-57,60047,065

4,220
2,074
5,861
-134
121,013

8,825
7,008
2,363
6,766
-95
129,534

1,629
3,589
466
1,394
7,080

1,494
2,967
434
1,604
6,499

3,360
2,293
5,653

3,046
3,324
6,371

3,720
2,951
2,470
-30
9,111
21,845
142,859

4,021
1,841
2,378
-19
8,222
21,093
150,628

(Million yen)

Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
Accounts payable
Income taxes payable
Provision for bonuses
Accrued directors' and corporate auditors'
remuneration
Asset retirement obligations
Allowance for sales discounts
Other
Total current liabilities
Fixed liabilities
Deferred tax liabilities
Provision for directors' retirement benefits
Retirement benefit liability
Asset retirement obligations
Allowance for sales discounts
Other
Total fixed liabilities
Total liabilities
Net assets
Shareholder’s equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Other accumulated comprehensive income
Valuation difference on securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total other accumulated comprehensive income
Share subscription rights
Non-controlling shareholders' equity
Total net assets
Total liabilities and net assets-4-

Previous Fiscal Year
(February 28, 2022)

Current Fiscal Year
(February 28, 2023)

22,070
4,415
247
7,126
2,326
1,363
84

25,901
5,116
182
7,265
2,571
1,389
52

6
120
6,131
43,892

86
5,840
48,406

946
84
1,486
416
80
531
3,544
47,437

1,019
74
1,187
419
11
117
2,830
51,237

3,238
13,23986,559-10,077
92,9583,238
4,739
91,421-3,41595,983

921
961
-263
1,619
86
757
95,421
142,859

1,130
1,435
-153
2,413
86
908
99,391150,628

Consolidated Statement of Income and Statement of Comprehensive Income(Consolidated Statement of Income)(Million yen)Previous fiscal year
(March 1, 2021February 28, 2022)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in income of affiliates
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of fixed assets
Gain on sales of investment security
Subsidies for employment adjustment
Total extraordinary income
Extraordinary loss
Impairment loss
Loss due to response to new infections
Expenses for 50th anniversary
Other
Total extraordinary loss
Income before income taxes
Income taxes
Income taxes-deferred
Total income taxes
Net income
Net income (loss) attributable to non-controlling interests
Net income attributable to owners of parent-5-

Current fiscal year
(March 1, 2022 February 28, 2023)

317,657
278,158
39,49823,764
15,733

303,776
262,338
41,43725,623
15,814

32
73
85
14
242
448

42
77
94
126
104
446

29
362
392
15,78943
210
253
16,006

1,223
199
1,422

19
34
53

441
172
242
856
16,355
3,787
2,003
5,790
10,565-99
10,665

77
93
312
483
15,577
3,879
1,496
5,376
10,201
49
10,152

(Consolidated Statement of Comprehensive Income)(Million yen)Previous fiscal year
(March 1, 2021February 28, 2022)
Net income
Other comprehensive income
Valuation difference on securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non- controllinginterests-6-

Current fiscal year
(March 1, 2022February 28, 2023)

10,565

10,201

-121
996
88
963
11,529

209
475
117
802
11,003

11,622-92

10,94557

Consolidated Statement of Cash FlowsNet cash provided by (used in) operating activities
Income before income taxes
Depreciation and amortization
Impairment loss
Amortization of goodwill
Increase (decrease) in accrued bonuses
Increase (decrease) in allowance sales discount
Increase (decrease) in provision for directors' retirement
Increase (decrease) in liabilities relating to retirement benefits
Interest and dividend income
Interest expenses
Loss (gain) on sale of non-current assets
Equity in loss (gain) of affiliates
Loss (gain) on sale of investment securities
Loss (gain) on sale of investment securities
Decrease (increase) in notes and accounts receivable- trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accounts payable
Increase (decrease) in accrued consumption taxes
Decrease (increase) in accounts receivable-other
Increase (decrease) in advances received
Increase (decrease) in advance revenue
Other
Sub-totalInterest and dividend received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of short-term and long-term investment securities
Proceeds from sales and redemption of short-term and long-term
investment securities
Purchase of property, plant and equipment and intangible fixed assets
Proceeds from sale of tangible and intangible fixed assets
Increase in subsidiaries arising from change in scope of consolidation
Other
Net cash provided by (used in) investing activities
Cash flow from financing activities
Net increase (decrease) in short-term borrowings
Cash dividends paid
Purchase of treasury shares
Other
Cash flow from financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting from change inscope of consolidation
Cash and cash equivalents at end of period-7-

Previous fiscal year
(March 1, 2021 February 28, 2022)(Million yen)
Current fiscal year
(March 1, 2022 February 28, 2023)

16,355
2,755
441
722
32
-122
-29
-29
-106
29
-1,225-74
1
0-2,186
-59
-66
-357
-931
502
164
-588
-215
15,013207-29-2,592
12,59815,577
2,483
77
808
20
-102
-9
-191
-120
43
-0
-93
-19
-10,823
-286
4,419
50
-146
-18
-103
-435
881
12,010177-43-3,248
8,895

-780
869
-21
69

-165
279
-12,191
5,072-3,478
3,254
-117
-181
-386

-3,0091-489-212-10,715-74-4,450-0-46-4,572925
8,564
58,937-85-4,200-1,850-45-6,181477-7,52367,52018-

67,52059,996

Notes on consolidated financial statements(Notes on going concern assumption) None

(Changes in accounting policies)(Applications of Accounting Standard for Revenue Recognition, etc.)
The Company adopted the "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29, March 31,
2020. Hereafter “Accounting Standard for Revenue Recognition.”), etc. from the beginning of the current consolidated
accounting period and recognized revenue when control of promised goods or services is transferred to customers at an
amount that it expects to receive in exchange for those goods or services.
As a result, for a part of the materials-related business and the vending machine business, the Company has changed
from recognizing revenue in the total amount of consideration received from customers to recognizing revenue in the
net amount calculated by subtracting the amount paid to suppliers from the total amount. In addition, for a part of the
facilities management business, we have changed the method of recognizing revenue at one point of service provisionfrom what we recognized revenue over a certain period of time based on the contract. Accordingly, the corresponding
cost of sales is also systematized from the previous simplified accounting treatment, which is in line with theaccounting treatment of recognizing revenue at a point in time when services are rendered.
The applications of the Accounting Standard for Revenue Recognition, etc., are conformable to the transitional
treatment stipulated in the provisions of P.84 of the Accounting Standard for Revenue Recognition, and the cumulative
effect of retrospectively applying a new accounting policy prior to the beginning of the current consolidated accounting
period has been adjusted to retained earnings at the beginning of the current consolidated accounting period, and the
new accounting policy has been applied from the beginning balance of the current fiscal year. However, the new
accounting policy has not been retroactively applied to contracts that apply the methods set forth in P.86 of the
Accounting Standard for Revenue Recognition and that recognize almost all proceeds in accordance with previous
treatment prior to the beginning of the current consolidated accounting period. Moreover, the method stipulated in P.86
(1) of the Accounting Standard for Revenue Recognition has been applied and accounting is done based on the terms
and conditions of the contract after reflecting all contract changes for the contract changes made prior to the beginningof the current consolidated accounting period. The cumulative effect has been adjusted to retained earnings at the
beginning of the current consolidated accounting period.
As a result, net sales for the current fiscal year decreased 35,459 million yen, cost of sales decreased 35,470 million
yen, and operating income, ordinary income and net income before income taxes increased 11 million yen,respectively. The balance of retained earnings at the beginning of the current fiscal year decreased 1,087 million yen.
Due to the applications of the Accounting Standard for Revenue Recognition, etc., “notes and accounts receivable –trade” indicated in the “current assets” in the consolidated balance sheet in the previous consolidated fiscal year has
been included in the “notes receivable, accounts receivable and contract assets” from the current consolidated
accounting period. In accordance with the transitional treatment stipulated in P.89-2 of the Accounting Standard for
Revenue Recognition, the previous consolidated fiscal year has not been reclassified under the new indication method.
(Application of Accounting Standard for Calculation of Fair Market Value)
The Company has applied the "Accounting Standard for Calculation of Fair Market Value" (ASBJ Statement No. 30,
July 4, 2019.) from the beginning of the fiscal year under review, and have decided to apply the new accounting policy
established by the Accounting Standard for Calculation of Fair Market Value, etc., in accordance with the transitional
treatment specified in paragraph 19 of the Accounting Standard for Calculation of Fair Market Value and paragraph44-2 of the "Accounting Standards for Financial Instruments" (ASBJ Statement No. 10 July 4, 2019). The adoption of
the Accounting Standard for Calculation of Fair Market Value and other standards did not have a material impact on
the quarterly consolidated financial statements.
(Segment Information)[Segment Information]
1. Outline of reportable segments
As a strategic partner of our customers, we are engaged in the Facilities management business, which provides optimal
solutions for solving problems through a variety of services related to facilities. The Facilities management businesscomprises 7 services: Facilities management, Security services, Construction work, Materials/supplies sourcing services,
Vending machine services, and Support services. Each business unit develops and promotes its own business strategy.
Accordingly, we have 7 business segments in the Facility management business as reportable segments. The maincontents of each business are as follows.
① Facilities management: Maintenance, inspection and care of building facilities② Security services: Provision of general security services, including facility security, crowd and traffic control, and security
for transporting valuables.
③ Cleaning services: Cleaning of buildings and facilities④ Construction work: Planning, design and construction of large-scale repairs and shop interiors; proposals and construction
related to energy conservation and CO2 reduction; energy data management services.
⑤ Materials/supplies sourcing services: Purchasing agent for indirect materials and procurement of materials, etc.
⑥ Vending machine services: Operation of beverage vending machines, ornamental plants and smoking machines⑦ Support services: Travel agency, housework support services, education and human resources services-8-

2. Calculation method for net sales, income or loss, assets and other items by reportable segment
Segment income is based on operating income.
Transaction prices and transfer prices among segments are based on prevailing market prices.
3. Information on net sales, income or loss, assets and other items by reportable segment
Previous fiscal year (March 1, 2021 - February 28, 2022)(Million yen)
Reportable segment (Facilities Management Business)
Facilities
management

Security
services

Cleaning
services

Construction
work

Materials/
supplies
sourcing
services

Vending
machineservices

Supportservices

Total

Net sales
Sales from external customers
Inter-segment sales and transfers
Total
Segment income

61,53847,23966,96343,01556,497

26,353

16,049317,657

27

150

-

-

30

-

1,409

1,616

61,56547,38966,96343,01556,527

26,353

17,458319,274

5,495

3,435

8,106

3,583

2,560

608

441

24,232Current fiscal year (March 1, 2022 - February 28, 2023)(Million yen)
Reportable segment (Facilities Management Business)
Facilities
managementbusiness

Security
servicesbusiness

Cleaning
servicesbusiness

Construction
work business

Materials/
supplies
sourcing
servicesbusiness

Vending
machineservicesbusiness

Supportservicesbusiness

Total

Net sales
Revenue arising from contracts
with customers
Sales from external customers

64,79449,47868,33652,08441,544

9,466

18,070303,776

64,79449,47868,33652,08441,544

9,466

18,070303,776

Inter-segment sales and transfers

-

162

-

-

43

-

1,651

1,858

64,79449,641

68,33652,084

41,5889,466

19,772

305,634

5,810

3,279

7,014

4,080

1,999

1,083

462

23,731

Total
Segment income

4. The difference between Total of reportable segments and amount recorded in financial statement (items in relation to adjustment ofdifferences)(Million yen)
Net sales

Previous fiscal year

Reportable segments

Current fiscal year
319,274

305,634

Elimination of inter-segment transactions-1,616-1,858Net sales in financial statement317,657

303,776(Million yen)

IncomePrevious fiscal year

Total of reportable segments

Current fiscal year
24,232

23,731Elimination of inter-segment transactions

-319

-308

Amortization of goodwill

-722

-808

Companywide expenses

-7456

-6799

15,733

15,814(Note 1) “Companywide expenses” are mainly general administrative expenses that do not belong to any reportable segment.

-9-(Per-stock Information)
Previous Fiscal Year
(March 1, 2021February 28, 2022)

Current Fiscal Year
(March 1, 2022February 28, 2023)

Net assets per share

1,890.76 yen

Net assets per share

1,991.86 yen

Net income per share

213.26 yen

Net income per share

203.54 yen

Diluted net income per share

213.12 yen

Diluted net income per share

203.40 yen(Note 1) Basis for calculating net assets per share
Item

Previous Fiscal Year
(February 28, 2022)

Current Fiscal Year
(February 28, 2023)

Total net assets (million yen)

95,421

99,391

Net assets related to common stock (million yen)

94,577

98,396

Share subscription rights

86

86

Non-controlling shareholders' equity

757

908

Number of shares of common stock outstanding(thousand yen)

54,16950,669Number of treasury shares of common stock

4,148

1,270

(thousand shares)
Number of common shares used to calculate net assets
per share (thousand shares)

50,02149,399Major breakdown of difference (million yen)

2. The basis of calculation for net income per share and diluted net income per share
Item

Previous Fiscal Year
(March 1, 2021February 28, 2022)

Current Fiscal Year
(March 1, 2022February 28, 2023)

Net income attributable to owners of parent (million
yen)
Net income attributable to owners of parent related tocommon stock (million yen)

10,665

10,152

10,665

10,152Average number of shares during period (thousand
shares)Major components of increase in common stock usedin the calculation of diluted net income per share(thousand shares)

50,01049,87633

34

Share subscription rights(Significant subsequent events)(Business Combination through Acquisition of Shares)
At a Board of Directors meeting held on March 28, 2023, we resolved to acquire all shares of Ask Maintenance Co., Ltd. andmake it a subsidiary. On the same date, we concluded a share transfer agreement.
(1) Outline of the business combination① Name and business of the acquired company
Name of the acquired company: Ask Maintenance Co., Ltd.
Business: Cleaning, facility management, condominium management, construction, etc.
② Main reasons for the business combination
The consolidation of Ask Maintenance Co., Ltd. is intended to accelerate the formation of a regional economic zone for facility
management in the Kyushu area.
③ Date of business combination (planned):
April 27, 2023
④ Number of shares acquired and shareholding ratio
after acquisition Number of shares acquired: 340 shares
Shareholding ratio after acquisition :100%- 10 -