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.

October 10, 2023

Consolidated Financial Results
for the Six Months Ended August 31, 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 PromotionOfficeTelephone:+81-3-6895-3892
Scheduled date to file quarterly securities report:
October 13, 2023
Scheduled date to commence dividend payments:
November 6, 2023
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
Yes (for institutional investors and analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended August 31, 2023 (from March 1, 2023 to August 31,2023)(1) Consolidated operating results (cumulative)Net sales
Six 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%August 31, 2023

161,511

9.4

7,263

10.0

7,401

12.1

5,325

22.8

August 31, 2022

147,660-

6,602-

6,602-

4,336-

Note: Comprehensive income

For the six months ended August 31, 2023:
For the six months ended August 31, 2022:

Basic earnings
per share¥6,204 million¥5,795 million[7.0%][-%]

Diluted earningsper share

Six months ended

YenYenAugust 31, 2023

108.88108.80August 31, 2022

86.68

86.62

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 second quarter of the fiscal year
ended February 2023 are after the application of these accounting standards, and the year-on-year percentage changes are notpresented.

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratioMillions of yen

Millions of yen%

August 31, 2023

152,753

100,902

65.3

February 28, 2023

150,628

99,391

65.3

Reference:

EquityAs of August 31, 2023:
As of February 28, 2023:¥99,814 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 ending
February 29, 2024
(Forecast)Fiscal year-endTotal

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: None
2. 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 August 31, 2023

50,669,633 shares

As of February 28, 2023

50,669,633 shares(ii) Number of treasury shares at the end of the period
As of August 31, 2023

2,139,847 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)
Six months ended August 31, 2023

48,916,493 shares

Six months ended August 31, 2022

50,021,202 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 August
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, netLand
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 Second Quarter(August 31, 2023)

57,60047,065
8,825
7,008
2,363
6,766
-95
129,534

58,34849,631
8,170
7,901
2,904
4,523
-135
131,344

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

1,391
3,410
394
1,604
6,800

3,046
3,324
6,371

2,970
3,494
6,464

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

4,295
3,867
-19
8,142
21,408
152,753(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 bonusesAccrued 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 Second Quarter(August 31, 2023)

25,901
5,116
182
7,265
2,571
1,389
52
86
5,840
48,40627,177
4,735
533
6,265
1,838
1,878
33
37
6,284
48,784

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

27
52
1,066
419
3
1,496
3,067
51,851

3,238
4,739
91,421-3,41595,983

3,238
4,740
94,623-6,00496,597

1,130
1,435
-153
2,413
86908
99,391150,6281,287
2,047-118
3,217
84
1,002
100,902
152,753

(2) Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(For the six 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 incomeGain 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 (loss) attributable to non-controlling interests
Net income attributable to owners of parent

Previous Second Quarter(March 1, 2022August 31, 2022)
147,660
128,054
19,606
13,004
6,602

Current Second Quarter(March 1, 2023August 31, 2023)
161,511140,700
20,811
13,547
7,263

16
47
46
48
157

3150
60
99
241

10146
157
6,602

1291
104
7,401

6
17
23-59
59
6,567
1,001
1,234
2,236
4,330
-5
4,336

7,401
1,731
281
2,012
5,388
63
5,325-6-

(Quarterly Consolidated Statement of Comprehensive Income)(For the six 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 Second Quarter(March 1, 2022August 31, 2022)
4,330

Current Second Quarter(March 1, 2023August 31, 2023)
5,388

231
1,20428
1,465
5,795

157
622
36
815
6,204

5,793
2

6,13074

(3) Quarterly Consolidated Statement of Cash Flows(Million yen)Previous Second Quarter(March 1, 2022August 31, 2022)

Net cash provided by (used in) operating activities
Profit before income taxes
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in allowance sales discount
Increase (decrease) in other allowancesInterest and dividend incomeInterest expenses
Loss (gain) on sale of noncurrent assets
Equity in loss (gain) of affiliates
Loss (gain) on sale of investment securities
Loss (gain) on sale of investment securities
Decrease (increase) in notes and accounts receivable- trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accounts payable
Increase (decrease) in accrued consumption taxes
Increase (increase) in accounts receivable-other
Increase (decrease) in advances received
Increase (decrease) in advance revenue
OtherSub-total
Interest and dividend received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of investment securities
Proceeds from sales and redemption of short-term and longterm investment securities
Purchase of property, plant and equipment and intangible
assetsProceeds from sale of property, plant and equipment andintangible assets
Increase in subsidiaries arising from change in scope ofconsolidation
Payments for sale of shares of subsidiaries arising fromchange in scope of consolidation
Other
Net cash provided by (used in) investing activities
Cash flow from financing activities
Net increase (decrease) in short-term borrowings
Repayment of long-term loans payable
Cash dividends paid
Purchase of securities
Other
Cash flow from financing activities
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-8-

Current Second Quarter(March 1, 2023August 31, 2023)

6,567
1,182
392
-48
359
-63
10-0-46-1-6-5,666-2,0942,945-750-485-468
208
-223
463
2,274
84
-10-1,425
923

7,401
1,367
430
-56
368
-81
12-0
-60
-1,375-547
789-1,002234-94
28-173
-327
6,914
121
-13
-2,037
4,984

-90
104
-3,511-76
75-7,41713

6,503-1,665-1,956

1

83-489

-289

--143

-303
-5,941-12-3,232151-2,1000-118-2,0661,027-6,05767,52061,462

182-7-2,126-2,588-42-4,583
524-2,30659,996
57,690(4) 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 current consolidated cumulative second quarter, resulting in an
increase of 2,588 million yen in treasury stock. As a result, treasury stock amounted to -6,004 million yen
at the end of the second quarter of the current fiscal year.

-9-