Summary Report of Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending February 28, 2013
(Based on Japanese Accounting Standards)
July 4, 2012
Listed company name:AEON DELIGHT CO., LTD.

Listed exchanges: Tokyo Stock Exchange andOsaka Securities Exchange (First Section)

Stock code:
Representative:

9787(Title)URL http://www.aeondelight.co.jp(Name) Kazunori UmemotoContact:(Title)President and CEO
General Manager,
Corporate
Communication Dept.

Planned date for filing of quarterly
financial statements:
Preparation of Supplementary
Materials to Quarterly Financial
Results:

July 13, 2012

(Name) Susumu Takahashi TEL +81-6-6260-5632
Planned date for commencement ofdividend payments―

No

Quarterly earnings briefing held:No(Amounts of less than one million yen have been rounded down)

1. Consolidated Results for the First Quarter of the Fiscal Year Ending February 28, 2013
(from March 1, 2012 to May 31, 2012)(1) Consolidated Operating Results (cumulative)(Figures expressed in percentages represent year-on-year percentage changes.)

Net Sales

Operating
Income％Millions of yen

Millions of yen

Ordinary Income％％

Millions of yen

Net Income
Millions of yen

％

1,786

4.8

1,704

24.8

Three months ended
58,584 10.6
3,093
0.2
3,102 (1.2)
May 31, 2012
Three months ended
52,972 52.7
3,086 26.4
3,141 27.8
May 31, 2011
Note: Comprehensive income
First quarter of the year ending Feb. 28, 2013 1,638 million yen (3.1%)
First quarter of the year ended Feb. 29, 2012
1,588 million yen (- %)Net Income per
Share

Diluted Net Income
per Share

Yen

Yen

34.07

33.97

32.51

32.45

Three months ended
May 31, 2012
Three months ended
May 31, 2011
(2) Consolidated Financial Position

Total Assets
Millions of yen

Net Assets

Shareholders’Equity Ratio

Millions of yen

As of May 31, 2012
95,70858,801
As of Feb. 29, 2012
92,80958,182(Reference) Shareholders’ equity
As of May 31, 2012:
As of February 29, 2012:

％

60.7
61.9
58,065 million yen
57,463 million yen

2. Dividends
Dividends per Share
End of the
End of theYear-end
2nd Quarter
3rd QuarterEnd of the
1st Quarter

Annual

Yen

Yen

Yen

Yen

Yen

Year Ended February 29, 2012

－

20.00

－

20.00

40.00

Year Ending February 28, 2013

－
23.00

－

23.00

46.00

Year Ending February 28, 2013
(Forecast)

Note: Adjustments from the most recently released dividend forecast: None
3. Forecast of Consolidated Results for the Year Ending February 28, 2013
(from March 1, 2012 to February 28, 2013)(Figures expressed in percentages represent year-on-year percentage changes.)

Operating
IncomeNet sales
Millions ofyen％Millions ofyen

Ordinary
Income％Millions ofyen

Net Income％

Millions ofyen

Net Income
per Share％

Six months ending
120,000
9.1
7,600
9.9
7,600
9.0
4,000
7.6
August 31, 2012
260,000 18.3
Full year
16,600 20.6 16.600 20.4
8,700 25.9
Note: Adjustments from the most recently released consolidated results forecast: None
4. Other Remarks(1) Changes in significant subsidiaries during the consolidated quarter under review: None(2)

Application of accounting methods that are specific to the preparation of quarterly
consolidated financial statements: None(3)

Changes in accounting policies, changes in accounting estimates, and restatements
1)
Change arising from revisions of accounting standards: Yes
2)
Change due to reasons other than those described in “1)” above: NoneYen

76.26
165.87(4) Number of shares outstanding (common stock)1) Number of shares outstanding at end of period (including treasury stock):
As of May 31, 2012
54,169,633 As of February 29, 2012:
54,169,633
sharesshares2) Number of treasury shares at end of period:
As of May 31, 2012:
1,717,576 As of February 29, 2012:
1,720,051
sharesshares3) Average number of shares during the period (quarterly cumulative):Three months ended
52,450,115 Three months ended
52,439,378
May 31, 2012:
shares May 31, 2011:
shares* Items related to the conduct of quarterly review procedures▪ These quarterly financial results are not subject to quarterly review based on the Financial
Instrument and Exchange Act, and a quarterly review based on the Financial Instrument andExchange Act had not been completed at the time these quarterly financial results were disclosed.
* Information concerning proper use of financial forecasts and other special instructions▪ Forward-looking statements concerning financial forecasts contained in these materials are basedon certain assumptions judged to be reasonable and on the information available when the forecasts
were made. However, actual performance may significantly differ due to a variety of factors. Pleaserefer to “Qualitative Information on Consolidated Financial Forecast” on page 4 of these quarterlyfinancial results (attached materials) for information concerning the assumptions used for financial
forecasts and the proper use of financial forecasts.

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013○Table of contents for attached materials
1. Qualitative Information on Current Quarterly Consolidated Performance ................................. 2(1) Qualitative Information on Consolidated Operating Results ..................................................... 2(2) Qualitative Information on Consolidated Financial Position ...................................................... 4(3) Qualitative Information on Consolidated Financial Forecast .................................................... 4
2. Summary information on other matters ...................................................................................... 4(1) Changes in significant subsidiaries during the consolidated quarter under review ................. 4(2) Application of accounting methods that are specific to the preparation of quarterly
consolidated financial statements............................................................................................. 4(3) Changes in accounting policies, changes in accounting estimates, and restatements ........... 4(4) Additional information ............................................................................................................... 4
3. Quarterly Consolidated Financial Statements .......................................................................... 5(1) Quarterly Consolidated Balance Sheet .................................................................................... 5(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statements ofComprehensive Income .......................................................................................................... 7
Quarterly Consolidated Statement of Income ........................................................................... 7
Quarterly Consolidated Statements of Comprehensive Income ............................................... 8(3) Note on the Going Concern Assumption .................................................................................. 9(4) Note on Significant Changes in Shareholders’ Equity............................................................... 9(5) Significant subsequent events .................................................................................................. 91

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013

1. Qualitative Information on Current Quarterly Consolidated Performance(1) Qualitative Information on Consolidated Operating Results
During the first quarter of the current consolidated fiscal year (March 1, 2012 to May 31, 2012), theCompany aimed to achieve further growth in our Comprehensive Facility Management Service(Comprehensive FMS) by conducting aggressive sales activities in three markets targeted in our
medium-term business plan: the major urban area market, the environmental load reduction
market, and the Asian market.
In addition, the Group has worked to reinforce its IT readiness in response to the progress of IT, a
trend rising accompanied by the evolution in IT.
(A) Major initiatives during the first quarter of the current consolidated fiscal year
a. Transforming our sales approach by shifting towards solutions-oriented sales
Since FMS Solutions Co., Ltd. was established in December 2011 with the goal of enacting
structural reform of the Group’s business through the promotion of IT, the Company has worked
to adopt new technologies in response to the progress of IT. As part of this adoption of newtechnologies, starting in February 2012 smart tablet devices were distributed to all sales
employees as we utilized cloud computing to renovate our sales style so that our staff would be
able to do their jobs regardless of the time, place, or whether they were working from acomputer or mobile device. In this manner we have transformed our sales approach by shifting
to solutions-oriented sales, allowing us to promptly respond to the needs of our customers.
b. Selected as a BEMS aggregator
In April, the Company was selected as a BEMS aggregator in the subsidy for the project topromote the introduction of an energy management system (a BEMS adoption project)conducted by the Sustainable open Innovation Initiative, an affiliated organization of the Agency
for Natural Resource and Energy, the Ministry of Economy, Trade and Industry. BEMS
aggregators are energy use information managers who manage and support energy savings byintroducing BEMS (Building Energy Management Systems) for low-volume, high-voltage energy
consumers, such as those in small and medium-sized buildings, that visualize building energyuse, as well as by installing centralized systems for managing energy through cloud computing,etc. For this business, a framework focused on AEON DELIGHT CO., LTD. has been
constructed in which A to Z Service Co., Ltd., which provides total management of small-scale
facilities within the Group, is positioned as the BEMS vendor.
With this recognition by the Ministry of Economy, Trade and Industry as a BEMS aggregator, weplan to strengthen proposals of BEMS adoption plans to small-scale facilities, make significant
reductions in the costs borne by customers in BEMS adoption, and further strengthen oursolution sales based on our track record in energy savings.
c. Further expansion in our shift towards Asia
Based on the Group's growth strategy in the Asian market, a preparatory company wasestablished in Malaysia during March 2012 to advance the expansion of our business in the
ASEAN region. As we aim to commence business within the fiscal year, we have made efforts
to obtain business licenses and establish a local subsidiary.
To accelerate the further expansion of the comprehensive FMS business in China, as part of thearea strategy, the Group decided in April 2012 to establish a joint venture between the Group’s
subsidiary AEON DELIGHT (BEIJING) CO., LTD. and an affiliate of Tianjin TEDA Group
Company Ltd., one of the largest state-run developer conglomerates in Tianjin, China. With thisdevelopment we plan to further promote firmly rooted local business deployment to accelerate
our growth strategy in Tianjin.
In terms of organic growth in China, the Group’s subsidiary AEON DELIGHT (BEIJING) CO.,LTD. has leveraged its hospitality-rich service and solid technical skills that were fostered inJapan to acquire contracts with four businesses within the AEON Group: JUSCO YOU YISTORE (Guangdong), JUSCO Bao An Zhong Xin Store (Guangdong), JUSCO Phenix CityStore (Guangdong), and Aeon Mall Tianjin Teda (Tianjin). Outside the AEON Group, thesubsidiary has been contracted for comprehensive FMS consulting services at a Japanese-2

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013

affiliated factory in Jiangsu and for comprehensive FMS services at a state-run shopping centerin Beijing.
As a result, the Group has now acquired contracts with 22 properties in China and is steadily
expanding its business there.
(B) New contracts
As the result of aggressively promoting comprehensive FMS solutions-oriented sales, we are now
providing our services to facilities of various uses, including a research facility for a major domestic
pharmaceuticals company, a large stadium serving as the home field for a popular professional
baseball team, a luxury resort hotel, and prefectural hospitals.
(C) Overview of our major businesses during the first quarter of the current consolidated fiscal year
1) In the facilities management business, net sales decreased year on year to 10,371 million yen(97.9% year on year). We intend to improve our profitability by further improving patrol-stylefacilities management efficiency and reducing permanently stationed facilities management
personnel, and we also plan to strengthen our BEMS aggregator business.
2) In the security services business, net sales decreased year on year to 7,898 million yen (96.2%
year on year). We intend to improve our profitability by expanding sales in “Attender Service,” acomprehensive reception service, and adjusting contract prices to more reasonable levels.
3) With net sales of 10,122 million yen (101.6% year on year), the cleaning services business held
steady, year on year. We will work to acquire new contracts through the introduction of theCompany's newly developed original coating agent. We will increase contracts with largecommercial facilities, one of the Group's core client groups, as well as aggressively conduct
sales proposals to strategically targeted hospitals and nursing care facilities that require
specialized know-how.
4) In the construction work business, net sales increased significantly year on year to 11,081
million yen (196.7% year on year). We were able to fully respond to demand for energy-saving
related construction work, such as the installation of LED lighting, as well as demand forrenovation work. In the future, we will leverage our LED installation track record with the AEONGroup as we strive to acquire more contracts for LED work outside the AEON Group, as well.
5) In the materials/supplies sourcing business, net sales increased year on year to 9,525 million
yen (105.1% year on year). In particular, profitability improved due to strong sales of cleaningmaterials and equipment, and an increase in transactions with existing clients. In the future, wewill work with partners both inside and outside of the Group to increase sales of officeautomation equipment, such as copy machines and tablet devices.
6) In the vending machine services business, net sales decreased year on year to 7,508 million
yen (96.0% year on year). We will work to strengthen sales by deploying energy-saving vending
machines and vending machines that support digital payment, as well as developing machineswith high value-added functionality, such as digital signage vending machines. In addition, we
will exploit our strength of having business locations across the country to promote sales
activities finely tuned to local area characteristics, such as conducting location-based
development conducted by individual branches.
7) In the support businesses, net sales increased significantly year on year to 2,072 million yen(127.4% year on year). While expanding provision of valuable goods transport services that are
essential for the management and operations of commercial facilities, we have worked todevelop a new business service menu in response to market needs, such as the steps that are
being taken towards the construction of a comprehensive cash management service.
(D) Results of Operation
As a result of these developments, net sales of 58,584 million yen (110.6% year on year) was
posted for the first quarter of the current consolidated fiscal year. In addition to the impact caused
by a reduction in margins in the facilities management business due to specification changes
3

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013

among major clients and a change in the sales composition in the construction work business,
operating income was also affected by aggressive investments aimed at even further growth
including IT readiness reinforcements in response to the progress of IT and enhancements madeto the environmental service business in response to increasing needs. As a result, operating
income was 3,093 million yen (100.2% year on year), while ordinary income was 3,102 million yen(98.8% year on year).
As a result of the factors above, net income for the first quarter of the current consolidated fiscal
year was 1,786 million yen (104.8% year on year).
(2) Qualitative Information on Consolidated Financial Position
Total assets as of May 31, 2012 increased by 2,899 million yen (3.1%), compared with the balanceat the end of the previous fiscal year, to 95,708 million yen.
This resulted mainly from an increase of 3,584 million yen in notes and accounts receivable-trade,an increase of 501 million yen in merchandise, a decrease of 1,000 million yen in deposit ofsubsidiaries and affiliates, a decrease of 267 million yen in amortization of goodwill, and adecrease of 224 million yen due to the mark-to-market accounting of investment securities.
Liabilities as of May 31, 2012 increased by 2,280 million yen (6.6%), compared with the balance atthe end of the previous fiscal year, to 36,907 million yen.
This increase is attributable mainly to an increase of 3,935 million yen in notes and accounts
payable-trade, an increase of 895 million yen in provision for bonuses, and a decrease of 2,454
million yen in income taxes payable.
Net assets as of May 31, 2012 increased by 618 million yen (1.1%), compared with the balance atthe end of the previous fiscal year, to 58,801 million yen.
This increase is attributable mainly to an increase of 1,786 million yen in retained earnings due toposting of net income for the first quarter, and a decrease of 1,048 million yen in retained earnings
due to dividend payments.
As a result, the shareholders’ equity ratio as of May 31, 2012 decreased by 1.2% to 60.7%,
compared to 61.9% at the end of the previous fiscal year.
(3) Qualitative Information on Consolidated Financial Forecast
Regarding its earnings projection for the fiscal year ending February 28, 2013, AEON DELIGHT’s
forecast released on April 12, 2012 remains unchanged.
2. Summary information on other matters(1) Changes in significant subsidiaries during the consolidated quarter under review
None.
(2) Application of accounting methods that are specific to the preparation of quarterly consolidated
financial statements
None.
(3) Changes in accounting policies, changes in accounting estimates, and restatements(Application of accounting standard related to net income per share)
The Accounting Standard for Earnings Per Share (ASBJ Statement No. 2, June 30, 2010) and its
Implementation Guidance (ASBJ Guidance No. 4, June 30, 2010) have been applied to thecalculation of quarterly diluted net income per share from the first quarter of the current
consolidated fiscal year. Note that the application of this accounting standard will have no material
effect.
(4) Additional information
The Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No. 24,
December 4, 2009) and its Implementation Guidance (ASBJ Guidance No. 24, December 4, 2009)
have been applied to accounting changes and corrections of errors that occurred following the
beginning of the first quarter of the current consolidated fiscal year.

4

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance SheetYear Ended Feb. 29, 2012
(As of Feb. 29, 2012)(millions of yen)First three months of
FY2013 ended May 31,
2012

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise
Deposit of subsidiaries and affiliates
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, 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 investments and other assets
Total noncurrent assets

Total assets

5

9,707
31,2401,213
27,320
3,663
(657)

9,748
34,824
1,714
26,3203,971(675)

72,48675,903

1,217
284
2,271

1,077
282
2,340

3,773

3,699

11,249
1,022

10,982
1,128

12,272

12,111

2,577
1,924
(224)

2,353
1,842
(201)

4,276
20,32292,8093,994
19,80595,708

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013

Year Ended Feb. 29, 2012
(As of Feb. 29, 2012)(millions of yen)First three months of
FY2013 ended May 31,
2012

Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded monetary obligations
Short-term loans payable
Current portion of corporate bonds payable due
within one year
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Other

18,872
4,848
25

22,807
5,183
35

10

10

6
3,714
797
120
5,248

―
1,259
1,692
21
4,985

33,64335,996

Noncurrent liabilities
Corporate bonds payable
Provision for retirement benefits
Provision for directors' retirement benefits
Other

15
507
152
308

15
518
133
243

Total noncurrent liabilities

983

910

34,62636,9073,238
18,75335,285(460)

3,238
18,75636,023(460)

56,81657,557

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

665
(18)

524
(16)

Total accumulated other comprehensive income

647

508

Subscription rights to shares
Minority interest

173
545

221
514

58,18258,80192,80995,708

Total current liabilities

Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity

Total net assets

Total liabilities and net assets

6

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statements ofComprehensive Income
Quarterly Consolidated Statement of Income(First three months of FY2013 (March 1, 2012 – May 31, 2012))
First three months
of FY2012(March 1, 2011 –May 31, 2011)(millions of yen)First three months
of FY2013(March 1, 2012 –May 31, 2012)

Net sales
Cost of sales

52,972
46,19358,584
51,599Gross profit

6,778

6,984

Selling, general and administrative expenses

3,692

3,890

Operating income

3,086

3,093

23
17
54
12

27
17
29
6

108

81

1
12
―
13
25

0
29
14
―
29

53

73

3,141

3,102

56
17

―
―

73

―

―
256
10

15
―
―

267

15

Income before income taxes and minority interests

2,947

3,086

Income taxes-current
Income taxes-deferred

1,236
(13)

1,210
99

Total income taxes

1,222

1,309

Net income before minority interests

1,724

1,777

19

(9)

1,704

1,786

Non-operating income
Interest income
Dividends income
Gain on maturity of insurance contract
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on cancellation of company housing
Loss on retirement of noncurrent assets
Equity-method investment losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Marginal gain on step acquisition
Reversal of provision for directors’ bonuses
Total extraordinary income
Extraordinary loss
Loss on valuation of investment securities
Losses on disasters
Other
Total extraordinary losses

Minority interests (loss) in income
Net income

7

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013

Quarterly Consolidated Statements of Comprehensive Income(First three months of FY2013 (March 1, 2012 – May 31, 2012))

Net income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Total other comprehensive income
Comprehensive income

First three months of
FY2012(March 1, 2011 –May 31, 2011)(millions of yen)First three months of
FY2013(March 1, 2012 –May 31, 2012)

1,724

1,777

(136)
0
(136)
1,588

(141)
2
(138)
1,638

1,568
20

1,647
(9)

(Details)

Comprehensive income attributable to parent company
Comprehensive income attributable to minority interests

8

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q1 FY2013(3) Note on the Going Concern Assumption:
First three months of the year ending February 28, 2013 (March 1, 2012 – May 31, 2012)
None(4) Note on Significant Changes in Shareholders’ Equity:
First three months of the year ending February 28, 2013 (March 1, 2012 – May 31, 2012)
None(5) Significant subsequent eventsFirst three months of the year ending February 28, 2013 (March 1, 2012 – May 31, 2012)None9