Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

January 10, 2024

Consolidated Financial Results
for the Nine Months Ended November 30, 2023
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

AEON DELIGHT Co., Ltd.
Tokyo Stock Exchange
9787
https://www.aeondelight.co.jp
Kazumasa Hamada, President and CEO, Group CEO
Emiko Ishii, Executive Officer, General Manager of President’s Office and ESG Promotion
OfficeTelephone:+81-3-6895-3892
Scheduled date to file quarterly securities report:
January 12, 2024
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended November 30, 2023 (from March 1, 2023 toNovember 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

November 30, 2023

241,911

6.6

10,862

0.4

11,072

0.6

7,617

6.3

November 30, 2022

226,833-

10,818-11,001

-

7,163

-

Note: Comprehensive income

For the nine months ended November 30, 2023:
For the nine months ended November 30, 2022:

Basic earnings
per share
Nine months ended¥8,691 million¥8,803 million[-1.3%][-%]

Diluted earnings
per shareYen

Yen

November 30, 2023

156.09155.99November 30, 2022

143.31

143.21

Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and others have applied since
the beginning of the first quarter of the fiscal year ended February 2023. The figures for the third quarter of the fiscal year ended
February 2023 are after the application of these accounting standards, and the year-on-year percentage changes are not presented.

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

November 30, 2023

154,893

101,305

64.7

February 28, 2023

150,628

99,391

65.3

Reference:

EquityAs of November 30, 2023:
As of February 28, 2023:¥100,156 million¥98,396 million-1-2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Yen

Yen-42.00

-

43.00

85.00

-

43.00

43.00

86.00

Fiscal year ended
February 28, 2023
Fiscal year ending
February 29, 2024

Fiscal year-end

Fiscal year ending
February 29, 2024
(Forecast)

Total

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the year ending February 29, 2024 (from March 1, 2023 toFebruary 29, 2024)(Percentages indicate year-on-year changes.)
Net sales

Full year
Note:

Operating profit

Earnings pershare

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

310,000

2.0

16,0001.2

16,0000.0

10,4002.4

214.32

1. Revisions to the forecast of financial results most recently announced: None2. At the meeting of the Board of Directors held on October 4, 2022, the Company resolved to acquire treasury stock. "Earningsper share" in the forecast of consolidated financial results for the year ending February 29, 2024, is based on the impact of theacquisition of treasury stock.

-2-

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change inscope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of November 30, 2023

49,169,633 shares

As of February 28, 2023

50,669,633 shares(ii) Number of treasury shares at the end of the period
As of November 30, 2023

639,847 shares

As of February 28, 2023

1,270,047 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2023

48,800,481 shares

Nine months ended November 30, 2022

49,982,027 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants oran audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements 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. Therefore, the Company does not make promises about the achievements. Actual results may differ
significantly from the forecasts due to various factors.

-3-

Quarterly Consolidated Financial Statements and Significant Notes(1) (Quarterly Consolidated Balance Sheets)(Million yen)Previous Fiscal Year
(February 28, 2023)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable -trade, and contract assets
Electronically recorded monetary claims
Securities
Inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, netTools, furniture and fixtures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investment and other assets
Total noncurrent assets
Total assets-4-Current Third Quarter(November 30, 2023)

57,60047,0658,825
7,008
2,3636,766-95
129,534

62,001
50,560
5,565
7,903
3,183
4,219
-158
133,275

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

1,372
3,197
394
1,826
6,789

3,046
3,324
6,371

2,766
3,710
6,476

4,021
4,220
-19
8,222
21,093
150,628

4,127
4,246
-21
8,352
21,618
154,893(Million yen)Previous Fiscal Year
(February 28, 2023)
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
Allowance for sales discounts
Other
Total current liabilities
Noncurrent liabilities
Long-term debt
Provision for directors' retirement benefits
Retirement benefit liability
Asset retirement obligations
Allowance for sales discounts
Other
Total noncurrent 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-5-

Current Third Quarter(November 30, 2023)

25,901
5,116
182
7,265
2,571
1,389
52
86
5,840
48,406

27,620
4,939
471
6,340
1,497
2,980
47
21
6,591
50,510

74
1,187
419
11
1,137
2,830
51,237

25
54
1,011
417
1
1,566
3,077
53,5883,238
4,739
91,421-3,41595,983

3,238
531
94,828-1,79596,802

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

1,149
2,309
-104
3,354
84
1,063
101,305
154,893

(2) Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(For the nine months period)(Million yen)

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
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment security
Subsidies for employment adjustment
Total extraordinary income
Extraordinary loss
Loss due to response to new infections
Total extraordinary loss
Profit before income taxes
Income taxes
Income taxes-deferred
Total income taxes
Net income
Net income attributable to owners of non-controlling shareholders
Net income attributable to owners of parent-6-

Previous Third Quarter(March 1, 2022November 30, 2022)
226,833
196,542
30,291
19,473
10,818Current Third Quarter(March 1, 2023November 30, 2023)
241,911
210,749
31,162
20,29910,862

24
72
70
203
370

4077100132351

18
168
187
11,00119
122
141
11,072

629
36-65
65
10,971
2,603
1,160
3,763
7,208
45
7,163

11,072
3,302
32
3,335
7,737
120
7,617

(Quarterly Consolidated Statement of Comprehensive Income)(For the nine months period)(Million yen)

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-controlling interests-7-Previous Third Quarter(March 1, 2022November 30, 2022)
7,208

Current Third Quarter(March 1, 2023November 30, 2023)
7,737

226
1,261
106
1,594
8,803

18885
50
953
8,691

8,742
60

8,559
132

(3) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
None(Notes if there is a significant change in the amount of shareholders' equity)
At the meeting of the Board of Directors held on October 4, 2022, the Company resolved to acquire
treasury stock pursuant to the provisions of Article 156 of the Companies Act, which is applied byreplacing the terms pursuant to the provisions of Article 165-3 of the same Act. The Company acquired
874,700 shares of treasury stock in the nine months period of the current fiscal year, resulting in an increaseof 2,588 million yen in treasury stock. In addition, on October 10, 2023, the Board of Directors resolved
to retire treasury stock in accordance with Article 178 of the same Act. On October 31, 2023, the Company
retired 1,500,000 shares of common stock out of 2,139,847 shares of treasury stock held by the Company.
Consequently, capital surplus and treasury shares decreased by 4,208 million yen each at the end of thethird quarter of the current fiscal year. As a result, capital surplus and treasury shares amounted to 531
million yen and -1,795 million yen, respectively, during the period.

8