Summary of Financial Results for the First Quarter Ended May 31, 2020
[Japan GAAP] (Consolidated)
July 8, 2020
CompanyStock CodeRepresentative

AEON DELIGHT Co., Ltd.
Listed on the TSE1
9787
URL: http://www.aeondelight.co.jp
Kazumasa Hamada, President
Noriaki Ikuta, Managing Executive Officer, Head of Group Strategy,
Contact
T E L: +81-3-6840-5712
Digital Solution Division
Expected date of filing of quarterly report: July 14, 2020
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: Yes (for institutional investors and analysts)（Rounded down to million yen）

１. Consolidated business results for the three months ended May 2020
(March 1, 2020 through May 31, 2020)(1) Consolidated results of operations(% change from the previous corresponding period)
Net sales

Operating income

Million yen% Million yen%Three months ended May 2020
73,532-7.0
3,455-9.1
Three months ended May 2019
79,048
3.5
3,800
0.4
(Note) Comprehensive income
Three months ended May 2020: 2,448 million yen (18.5%)
Three months ended May 2019: 2,066 million yen (-1.9%)
Net income
Diluted net income perper shareshareYen
Yen
Three months ended May 2020
59.86
59.79
Three months ended May 2019
41.47
41.38

Net income attributable toowners of parent

Ordinary income
Million yen
3,459
3,822%-9.5
0.2

Million yen
2,991
2,070%
44.5
0.2(2) Consolidated financial position
Total assets

Net assets

Million yen
As of May 2020
131,800
As of Feb. 2020
136,917(Reference) Shareholders’ equity
As of May 2020: 79,129 million yen
As of February 2020: 78,886 million yen

Million yen
80,206
81,286

Shareholders’ equity
ratio%60.0
57.6

2. Dividends
End of 1Q
Yen-

End of 2Q
Yen
32.00

Year ended Feb. 2020
Year ending Feb. 2021
Year ending Feb. 2021 (forecast)
35.00(Note) Revisions to dividend forecast for the current quarter: None

Annual dividend
End of 3Q
Yen-Year-end
Yen
33.00

TotalYen
65.00

-

35.00

70.00

3．Forecast of consolidated business results for the fiscal year ending February 2021
(March 1, 2020 through February 28, 2021)(% change from the previous corresponding period)
Net sales

Operating incomeMillion yen% Million yen%
Year ending Feb. 2021
315,000
2.1
16,5003.1(Note) Revisions to business forecast for the current quarter: None-1-Ordinary income
Million yen
16,500%3.4

Net income attributableto owners of parent

Million yen
10,000%
7.0

Net income
per shareYen

200.13

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes inthe scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
None(3) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None

(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of May 2020
54,169,633 shares
As of February 2020
54,169,633 shares②Treasury stock at the end of period
As of May 2020
4,192,089 shares
As of February 2020
4,202,659 shares③Average number of stock during period (quarterly cumulative period)
Three months ended May 2020
49,971,367 shares
Three months ended May 2019
49,919,679 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 andcertain assumptions that the company deems to be reasonable at the time this report was prepared. The company does notmake promises about the achievements. Actual results may differ significantly from the forecasts due to various factors.

-2-Quarterly Consolidated Financial Statements(Quarterly Consolidated Balance Sheets)(Million yen)Previous Fiscal Year
(February 29, 2020)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
Electronically Recorded Monetary Claims
Inventories
OtherAllowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets

Current First Quarter(May 31, 2020)

62,35539,535
3,077
1,822
5,813
-242
112,362

57,46937,113
3,854
2,341
6,683
-183
107,278

Buildings and structures, netTools, furniture and fixtures, net
Land
Other, net
Total tangible fixed assets
Intangible fixed assets
Goodwill
Other
Total intangible fixed assets

1,458
4,846
2,032
1,334
9,671

1,430
4,602
2,032
2,112
10,177

5,975
1,209
7,185

5,579
1,289
6,868

Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investment and other assets
Total fixed assets
Total assets

3,623
4,111
-36
7,698
24,554
136,917

3,427
4,056
-8
7,475
24,521
131,800-3-(Million yen)Previous Fiscal Year
(February 29, 2020)
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Accrued directors' and corporate auditors'
remuneration
Allowance for sales discounts
Other
Total current liabilities

Current First Quarter(May 31, 2020)

23,388
4,814
249
3
2,795
1,333

20,767
5,212
334
3
1,342
2,366

91

18677
15,509654
14,20348,86444,903Fixed liabilities
Long-term debt
Provision for directors' retirement benefits
Obligations for retirement pay
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

11
178
1,930
60
1,576
3,010
6,767
55,631

9
180
1,878
61
1,410
3,150
6,689
51,593

3,238
13,88072,063-10,208
78,972

3,238
13,21973,406-10,183
79,680

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

487
18-592
-86
186
2,213
81,286
136,917382-367
-565
-551
187
890
80,206
131,800-4-

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(March 1, 2019–May 31, 2019)

Current First Quarter(March 1, 2020–
May 31, 2020)

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
Total extraordinary income
Extraordinary loss
Loss due to response to new infections
Loss on sales of investment security
Other
Total extraordinary loss
Profit before income taxes
Income taxes
Income taxes-deferred
Total income taxes
Net income
Net income (loss) attributable to non-controllinginterests

79,04869,415
9,632
5,832
3,800

73,53264,569
8,963
5,507
3,455

1141
12
28
93

5
31
18
29
84

763
71
3,822

9
70
80
3,459

-

32
32

7306
313
3,508
1,620
-240
1,379
2,128

172
133
305
3,186
276-11265
2,921

58-70

Net income attributable to owners of parent

2,070

2,991-5-

(Quarterly Consolidated Statement of Comprehensive Income)(For the three months period)(Million yen)Previous First Quarter(March 1, 2019–May 31, 2019)
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 ofparent
Comprehensive income attributable to noncontrolling interests-6-

Current First Quarter(March 1, 2020–May 31, 2020)

2,128

2,921-225
142
20-61
2,066

-103
-396
27-472
2,448

2,005

2,526

61-78

(3) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Current First Quarter (March 1, 2020– May 31, 2020)
None(Notes if there is a significant change in the amount of shareholders' equity)
Current First Quarter (March 1, 2020– May 31, 2020)
During the first quarter of the current fiscal year, capital surplus decreased by 664 million yen due to theadditional acquisition of shares of consolidated subsidiary A to Z Service Co., Ltd. from non-controllinginterests. As of the end of the first quarter of the current fiscal year, capital surplus amounted to 13,219 millionyen.

-7-