Summary of Financial Results for the Year Ended February 28, 2019
[Japan GAAP] (Consolidated)
June 28, 2019
Company
Stock CodeRepresentative

AEON DELIGHT Co., Ltd.
Listed on the TSE1
9787
URL: http://www.aeondelight.co.jp
Kazumasa Hamada, President and CEO
Motoyuki Shikata, Director and Managing Director, Group Strategy,
C o n t a c t
T E L: +81-3-6840-5712
Digital Solution
Planned date for annual shareholders’ meeting: May 30, 2019
Planned date for commencement of dividend payment: May 31, 2019
Planned date for filing of annual securities report: July 1, 2019
Preparation of supplementary financial document: Yes
Results briefing: Yes (for institutional investors and analysts)（Rounded down to million yen ）１. Consolidated business results for the fiscal year ended February 2019
(March 1, 2018 through February 28, 2019)(1) Consolidated results of operations(% change from the previous corresponding period)

Net sales

Operating income

Million yen% Million yen
302,915
3.6
13,030Year ended Feb. 2019292,396-0.1
12,909Year ended Feb. 2018
(Note) Comprehensive income:Year ended February 2019: 6,007 million yen (-22.1%)
Year ended February 2018: 7,707 million yen (-2.0%)
Net income
per share%
0.9-8.7

Diluted net income
per shareYen
122.92
Year ended Feb. 2019121.68Year ended Feb. 2018
(Reference) Investment earnings/loss on equity-method:Year ended February 2019: 67 million yen
Year ended February 2018: 69 million yen

Ordinary income
Million yen
13,362
13,381Return onequityYen
122.61121.34

%
8.1
7.6

%
-0.1-6.2

Net income attributable toowners of parent

Million yen
6,415
6,397

Ratio of ordinary
income to total
assets%9.69.5%0.3-9.8

Ratio of operating
income to net sales
%
4.3
4.4

(2) Consolidated financial position
Total assets

Net assets

Million yen
134,614
144,678

As of Feb. 2019
As of Feb. 2018

Shareholders’ equity
ratio

Million yen
75,53989,143

Net assets per
share%
54.4
59.5

Yen
1,465 94
1,636 89

(Reference) Shareholders’ equity:
As of February 2019: 73,176 million yen
As of February 2018: 86,066 million yen(3) Consolidated results of cash flows

Year ended Feb. 2019Year ended Feb. 2018

Cash flows fromoperating activities
Million yen
12,373
13,568Cash flows frominvesting activities
Million yen
12,256-2,666

Cash flows fromfinancing activities
Million yen-19,686-3,264

Cash and cash equivalents
at the end of period
Million yen
43,43738,722

2. Dividends
Annual dividend
End of
1Q
Year ended Feb. 2018Year ended Feb. 2019Year ending Feb. 2020
(forecast)

Yen-End of2Q
Yen
30.00
31.00
32.00

End of
3Q
Yen-Year-end
Yen
31.00
32.00
33.00

Total
Yen
61.00
63.00
65.00

Total
dividend(Total)Million yen
3,207
3,114

Dividend
payout ratio(Consolidated)
%50.1
51.3
30.0

Rate of total
dividend tonet assets(Consolidated)
%
3.8
4.1

3．Forecast of consolidated business results for the fiscal year ending February 2020
(March 1, 2019 through February 29, 2020)
Net sales
Million yen

For the six months
ending Aug. 2019Year ending Feb.
2020(% change from the previous corresponding period)

Operating income%

Million yen%

Ordinary income
Million yen%

Net income attributableto owners of parent

Net income
per share

Million yen%

Yen

158,000

3.5

8,500

35.5

8,500

33.9

5,100

79.7

102.17315,000

4.0

18,00038.1

18,00034.7

10,80068.4

216.35※Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) 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(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of February 201954,169,633 shares
As of February 2018
54,169,633 shares② Treasury stock at the end of period:
As of February 2019
4,251,504 shares
As of February 2018
1,590,132 shares③ Average number of stock during period
Year ended February 201952,189,547 sharesYear ended February 2018
52,574,261 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 thecompany 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 theforecasts due to various factors.

Consolidated Financial Statements(Consolidated Balance Sheet)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
Electronically Recorded Monetary Claims
Inventories
Deferred tax assets
Deposit of subsidiaries and affiliates
OtherAllowance for doubtful accountsTotal current assets
Fixed assets
Tangible fixed assets
Buildings and structures, netTools, furniture and fixtures, netLand
Other, net
Total tangible fixed assets
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investment and other assets
Total noncurrent assets
Total assets

Fiscal year ended
February 28, 2018
(February 28, 2018)

Fiscal year ended
February 28, 2019
(February 28, 2019)39,53635,739
2,765
2,623
1,462
32,0004,314-130
118,311

44,23337,544
2,545
2,211
1,476
16,0004,927-167
108,771

1,582
4,892
1,975
1,591
10,041

1,479
5,064
2,032
1,585
10,161

6,113
1,699
7,813

6,765
1,338
8,103

5,334
330
3,458
-610
8,512
26,367
144,678

4,256
412
3,264
-355
7,578
25,842
134,614

(Million yen)
Fiscal year ended
February 28, 2018
(February 28, 2018)
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term loans payable
Accounts payable
Income taxes payable
Provision for bonuses
Accrued directors' and corporate auditors'
remuneration
Allowance for sales discounts
Other
Total current liabilities
Long-term liabilities
Long-term debt
Deferred tax liabilities
Provision for directors' retirement benefits
Obligations for retirement pay
Asset retirement obligations
Allowance for sales discounts
Other
Total long-term liabilities
Total liabilities
Net assets
Shareholders' 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

Fiscal year ended
February 28, 2019
(February 28, 2019)25,820
4,474
225
5,914
3,059
1,244
133

25,967
4,910
392
2
6,095
3,661
1,132
124

599
7,588
49,060846
8,274
51,408

720
178
1,585
51
979
2,959
6,474
55,535

15
699
199
1,764
53
1,903
3,031
7,667
59,075

3,238
19,01962,756-430
84,582

3,238
13,88865,910-10,327
72,710

1,574
313
-402
1,484
303
2,773
89,143
144,678

876
84
-493
466
299
2,062
75,539134,614

Consolidated Statement of Income and Statement of Comprehensive Income.
(Consolidated Statement of Income)(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
Subsidy income
Sub-total
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Share repurchase expenses
Commission paid
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment security
Total extraordinary income
Extraordinary loss
Impairment loss
Loss on business liquidation
Settlement package
Other
Total extraordinary loss
Income before income taxes
Income taxes
Income taxes-deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net current fiscal year attributable to owners ofparent

Fiscal year ended
February 28, 2018
(March 1, 2017– February 28, 2018)292,396257,524
34,871
21,961
12,909Fiscal year ended
February 28, 2019
(March 1, 2018 –February 28, 2019)302,915
267,463
35,452
22,421
13,030

46
63
69
20
308
98
608

39
104
67
308
70
590

30
26
78
136
13,381

27
26
54
0
149
258
13,362

170
170-

39
16
1,222
27
1,305
12,247
5,581
-329
5,251
6,995
598

123
63
8
195
13,166
5,979
107
6,087
7,079
664

6,397

6,415

(Consolidated Statement of Comprehensive Income)(Million yen)
Fiscal year ended
February 28, 2018
(March 1, 2017 –February 28, 2018)
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 ownersof parent
Comprehensive income attributable tonon-controlling interests

Fiscal year ended
February 28, 2019
(March 1, 2018 –February 28, 2019)
6,995

7,079

611
87
13
712
7,707

-697
-280
-93
-1,071
6,007

7,081

5,397

625

610

Consolidated Statement of Cash Flows(Million yen)
Fiscal year ended
February 28, 2019
(March 1, 2018 –February 28, 2019)

Fiscal year ended
February 28, 2018
(March 1, 2017 –February 28, 2018)
Net 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
Equity in loss (gain) of affiliatesLoss (gain) on investments in silent partnership
Loss (gain) on sale of investment securities
Decrease (increase) in notes and accounts receivable-trade(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accounts payable
Increase (decrease) in accrued consumption taxes
Increase (decrease) 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
Cash flow from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment and intangible fixed
assetsProceeds from sale of tangible and intangible fixed assets
Proceeds from sales or maturities of securities
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Increase in subsidiaries arising from change in scope ofconsolidation
Payments for deposit of consumption of subsidiaries and associates
Proceeds from refund of consumer deposits of subsidiaries andassociates
Other
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term loans payable
Repayment of long-term loans payable
Cash dividends paid
Net decrease (increase) in treasury stock
Proceeds from share issuance to non-controlling interests
Payments from changes in ownership interests in subsidiaries that
do not result in change in scope of consolidation
Other
Net cash provided by (used in) financing activities

12,247
2,414
39715
-53
706
-42-15-110
30-69-308
-166
438
600
-3
321
169
85
1,372
747
426
19,546164-26-6,115
13,568

13,166
2,602
123
759
-111
1,171
21
44-14322-67
8-1,057
422
582
-461
-221
-69
614
5
-26
17,385198-22-5,18812,373-854
854-3,228-915
940-2,059

14-33
204
-

15
100
-24
2
-1,516-250,400
250,113-284,000
300,000663-2,666-285
12,256-28
90-35-2,996
41
-21

179
-2
-3,259-9,90661-6,458-314-3,264-300-19,686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
Cash and cash equivalents at end of period

80
7,718
31,00438,722-228
4,715
38,72243,437