Summary of Financial Results for the First Quarter Ended May 31, 2022
[Japan GAAP] (Consolidated)
July 5, 2022
Company
AEON DELIGHT Co., Ltd.
Listed on the TSE1
Stock Code9787
URL: https://www.aeondelight.co.jp
Representative
Kazumasa Hamada, President and CEO, Group CEO
Contact
Keiji Sagata, Managing Director, Group Strategy and ESG
T E L: +81-3-6895-3892
Expected date of filing of quarterly report: July 14, 2022
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: None
（Rounded down to million yen）

1. Consolidated business results for the three months ended May 2022
(March 1, 2022 through May 31, 2022)(1) Consolidated results of operations
Net sales

Operating income

Million yen
71,786
79,688%8.4(% change from the previous corresponding period)
Net income attributable toOrdinary income
owners of parent

Million yen
3,282
3,728

% Million yen% Million yen%
Three months ended May 2022
3,300
2,246
Three months ended May 2021
7.9
3,751
8.4
2,507
-16.2
(Note) Comprehensive income
Three months ended May 2022: 2,910 million yen (-%)
Three months ended May 2021: 2,912 million yen (19.0%)
Net income
Diluted net income perper share
share
Yen
Yen
Three months ended May 2022
44.91
44.88
Three months ended May 2021
50.15
50.10
(Note) The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and others are applied since thebeginning of the first quarter of the fiscal year under review. As for the figures related to the first quarter of the fiscal year ending
February 2023, these standards have been applied, and the year-on-year percentage changes are not presented. Applying thisaccounting standard to net sales, net sales would be 71,146 million yen for the first quarter of the fiscal year ended February 2022,
and the year-on-year percentage change for the first quarter of the fiscal year ending February 2023 would be 0.9% with 71,786
million yen of net sales.

(2) Consolidated financial position
Total assets

Net assets

Million yen
As of May 2022
141,693
As of Feb. 2022
142,859(Reference) Shareholders’ equity
As of May 2022: 94,287 million yen
As of February 2022: 94,577 million yen

Million yen
95,20095,421

Shareholders’ equity
ratio
%
66.5
66.2

2. Dividends
End of 1Q
Yen

End of 2Q
Yen

Annual dividend
End of 3Q
Yen

Year-end
Yen

Total
Yen

-

37.00
5.00
42.00

-

37.00
5.00
42.00

74.00
10.00
84.00

43.00

85.00

Year ended Feb. 2022
Ordinary dividend
Commemorative dividend
Total

Year ending Feb. 2023 (forecast)
42.00(Note) Revisions to dividend forecast for the current quarter: None
The commemorative dividend is paid in commemoration of the 15th anniversary of AEON DELIGHT.

3．Forecast of consolidated business results for the fiscal year ending February 2023
(March 1, 2022 through February 28, 2023)(% change from the previous corresponding period)
Net salesYear ending Feb. 2023

Operating income

Net income attributable toowners of parent

Ordinary income

Million yen%

Million yen%

Million yen%

Million yen

310,000-2.4

17,0008.1

17,0007.7

10,700(Note) Revisions to business forecast for the current quarter: None-1-

Net income
per share
Yen

%
0.3

213.91

*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 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 details, please see the accompanying material “Quarterly Consolidated Financial Statements andSignificant Notes (3) Notes on quarterly consolidated financial statements (Changes in accounting policies)” on P.7.
(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of May 2022
50,669,633 shares
As of February 2022
54,169,633 shares②Treasury stock at the end of period
As of May 2022
648,447 shares
As of February 2022
4,148,409 shares③Average number of stock during period (quarterly cumulative period)
Three months ended May 2022
50,021,215 shares
Three months ended May 2021
50,005,610 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.

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Quarterly Consolidated Financial Statements and Significant Notes(Quarterly Consolidated Balance Sheets)(Million yen)Previous Fiscal Year
(February 28, 2022)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims
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
Other
Allowance for doubtful accounts
Total investment and other assets
Total fixed assets
Total assets-3-

Current First Quarter(May 31, 2022)

68,28240,70865,959--41,932

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

4,387
2,739
4,541
-150
119,409

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

1,640
3,394
466
1,476
6,977

3,360
2,293
5,653

3,713
2,488
6,201

3,720
5,421
-30
9,111
21,845
142,859

3,827
5,307
-30
9,104
22,284
141,693(Million yen)Previous Fiscal Year
(February 28, 2022)
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
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
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-

Current First Quarter(May 31, 2022)

22,070
4,415
247
2,326
1,363

22,930
3,797
285
636
2,408

84

16

6
120
13,25743,892

124
13,032
43,232

84
1,486
416
80
1,477
3,544
47,437

66
1,463
416
59
1,254
3,260
46,493

3,238
13,23986,559-10,077
92,9583,238
4,736
85,616-1,57592,016

921
961

976
1,543

-263

-249

1,619
86
757
95,421
142,859

2,270
98
814
95,200141,693

Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(For the three 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
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
Net income attributable to owners of parent

Previous First Quarter(March 1, 2021–
May 31, 2021)
79,68869,922
9,765
6,036
3,728

Current First Quarter(March 1, 2022–
May 31, 2022)
71,78662,041
9,745
6,462
3,282

4
33
18
24
80

6
35
20
33
96

8
49
57
3,751

4
74
78
3,300

74
74

6
6

52
0
52
3,773
870
395
1,266
2,507

3,306
422
626
1,049
2,257

-0

11

2,507

2,246

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(Quarterly Consolidated Statement of Comprehensive Income)(For the three months period)

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-

Previous First Quarter(March 1, 2021–
May 31, 2021)
2,507(Million yen)
Current First Quarter(March 1, 2022–
May 31, 2022)
2,257

-69
455
19
405
2,912

55
583
14
653
2,910

2,910
1

2,897
12

(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)The Company adopted the"Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) from the
beginning of the first quarter of the fiscal year under review. The effects of this change are described in "2.
Quarterly Consolidated Financial Statements and Major Notes, (3) Notes to Quarterly Consolidated
Financial Statements (Changes in Accounting Policies).”
In addition, on April 7, 2022, the Board of Directors resolved to cancel treasury stock in accordance with
Article 178 of the Companies Act. Of the 4,148,409 shares of treasury stock held by the Company,
3,500,000 shares of common stock were cancelled on April 28, 2022. As a result, capital surplus andtreasury stock decreased by 8,502 million yen each during the first quarter, resulting in a capital surplus of
4,736 million yen and treasury stock of -1,575 million yen at the end of the first quarter of the current fiscal
year.

(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 firstquarter 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 orservices.
As a result, for a part of the materials-related business and the vending machine business, the Company haschanged 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 provision from what we recognized revenue over a certain period of time based on thecontract. Accordingly, the corresponding cost of sales is also systematized from the previous simplified
accounting treatment, which is in line with the accounting 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 thetransitional 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 firstquarter of the current consolidated accounting period has been adjusted to retained earnings at the beginning of
the first quarter 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 inaccordance with previous treatment prior to the beginning of the first quarter of the 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 allcontract changes for the contract changes made prior to the beginning of the first quarter of the current
consolidated accounting period. The cumulative effect has been adjusted to retained earnings at the beginning of
the first quarter of the current consolidated accounting period.
As a result, net sales for the current consolidated cumulative first quarter decreased 8,396 million yen, cost of
sales decreased 8,406 million yen, and operating income, ordinary income and net income before income taxes
increased 10 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 first quarter of 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.
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(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 first quarter of the fiscal year under review, and have decided toapply 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 paragraph 44-2 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.

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