News Release: AEON DELIGHT CO., LTD.

(9787 TSE1)
May 29, 2019

Notice Concerning Submission of Application for Approval for Extension of theDeadline for Submission of the 46th Annual Securities Report

AEON DELIGHT CO., LTD. announces that we have decided today to submit an application tothe Kinki Local Finance Bureau for an extension of the deadline for submission of annual
securities reports as stipulated in Article 15-2, Paragraph 1 of the Cabinet Office Ordinance on
Disclosure of Corporate Information, etc.

1. Target Annual Securities Report
The 46th Annual Securities Report (from March 1, 2018 to February 28, 2019)

2. Deadline for submission prior to extension
Friday, May 31, 2019

3. Deadline for submission if extension is approved
Monday, July 1, 2019

4. Reasons for requiring extension of deadline for submission
As stated in the "Notice of Discovery of Inappropriate Accounting at our Consolidated Subsidiaryand Postponement of Announcement of Financial Results for the Fiscal Year Ended February2019" dated April 5, 2019 and the "Notice of Establishment of Special Investigation Committee"
dated April 11, 2019, we established a special investigation committee consisting of externalexperts who do not have an interest in us. This committee was launched on April 12, 2019, with theaim of clarifying the full details of the matter and the impact on our consolidated financialstatements, as well as examining measures to prevent recurrence and strengthen group
governance. As stated in the "Announcement of the Annual General Meeting of Shareholders andthe Status of the Special Investigation Committee" dated May 10, 2019, in the course of theinvestigation, the Special Investigation Committee found not only errors in the handling procedures,such as the disposal of inventory, but also other matters that are deemed to be inappropriate. Inaddition, as stated in the "Receipt of Interim Report from the Special Investigation Committee on
Accounting Problems of a Consolidated Subsidiary KAJITAKU" dated May 24, 2019, theInvestigation Committee received an interim report from the Special Investigation Committee,-1-including the details of the case, the estimated impact on our consolidated financial statements, theexistence of similar cases in KAJITAKU, organizational involvement, and the progress ofconfirmation of the existence of misconduct.
However, in the case of KAJITAKU, we are still investigating the impact of each accounting
period taking into account the appropriateness of attributing the period due to obstacles such as (i)the absence of adequate accounting records representing the actual situation throughout theperiod under review, and (ii) the absence of records of receipts and payments of products. It isexpected that completion of investigations, including investigations into the causes, recurrence
prevention measures, and measures to strengthen group governance, will take time. The
Company expects the Special Investigation Committee to submit a final investigation report,
including the impact of this matter on the consolidated financial statements for each accounting
period in consideration of the appropriateness of attribution of each period, as well asrecommendations regarding measures to prevent recurrence and measures to strengthen group
governance, in late June 2019.

The 46th Annual Securities Report must be prepared based on the results of the final
investigation conducted by the Special Investigation Committee and submitted through the audit
procedures conducted by the accounting auditor. However, as described above, as investigations
by the Special Investigation Committee are still ongoing, the submission is not expected until May
31, 2019, which is the deadline for submission.
Based on the above, we have decided to submit an application to the Kinki Local Finance Bureau
for the extension of the deadline for the submission of the 46th annual securities report.

5. Future outlook
We will promptly disclose any applications for the extension of the deadline.

I would like to express my deepest apologies to our shareholders and other stakeholders fortheir great inconvenience and concern.

-2-