Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012
(Based on Japanese Accounting Standards)
April 12, 2012
Listed company name:AEON DELIGHT CO., LTD.

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

Stock code:
Representative:

9787(Title)President and CEO

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

(Name) Susumu Takahashi TEL +81-6-6260-5632

Planned date of ordinary
Planned date forgeneral meeting ofcommencement of
May 29, 2012
shareholders:
dividend payments:
Planned date for filing ofMay 29, 2012
annual securities report:
Preparation of Supplementary Materials to Financial Results: Yes
Earnings Briefing: Yes (for institutional investors and analysts)

May 15, 2012

(Amounts of less than one million yen have been rounded down.)
1. Consolidated Results for the Fiscal Year Ended February 29, 2012
(from March 1, 2011 to February 29, 2012)(1) Consolidated Operating Results(Percentage figures show year-on-year change.)
Operating Income Ordinary Income
Net Income

Net Sales
Millions of yen％

Millions of yen％

219,797
170,905
Note: Comprehensive income

28.6
21.8

13,762
12,031

14.4
20.7

Year Ended Feb. 29, 2012
Year Ended Feb. 28, 2011

Net
Income per
ShareMillions of yen

13,78412,089Year ended Feb. 29, 2012
Year ended Feb. 28, 2011

Diluted Net
Income per
Share

％

Millions of yen

％

14.0
22.0

6,912
6,495

6.4
18.8

7,047 million yen ( -%)6,995 million yen ( -%)Ratio of Ordinary
Income to Total
AssetsReturn on
EquityRatio of Operating
Income to Net
Sales

Yen

Yen

％

％

％

Year Ended Feb. 29, 2012131.81
Year Ended Feb. 28, 2011142.56(Reference)
Equity in net income of affiliates

131.52
142.28

12.5
15.5

15.5
18.1

6.3
7.0

Year ended Feb. 29, 2012
Year ended Feb. 28, 2011

-13 million yen
41 million yen(2) Consolidated Financial Position

Total Assets
As of Feb. 29, 2012
As of Feb. 28, 2011
(Reference)
Shareholders’ equity

Net Assets

Shareholders’Equity Ratio

Net Assets per
Share

Millions of yen

Millions of yen％

Yen

92,80984,624

58,182
52,88761.9
62.3

1,095.59
1,005.62

As of February 29, 2012
As of February 28, 2011

57,463 million yen
52,738 million yen

(3) Consolidated Cash Flows
Cash Flows
from Operating
Activities

Cash flows
from Investing
Activities

Cash Flows
from Financing
Activities

Cash and Cash
Equivalents at
End of Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

9,639
6,808

(10,051)(3,000)(2,722)(1,321)

9,179
12,317

Year Ended Feb. 29, 2012
Year Ended Feb. 28, 2011

2. Dividends(RecordDate)

End ofthe 1stQuarterYear Ended
February 28,
2011Year Ended
February 29,
2012Year Ending
February 28,
2013 (Forecast)

Annual dividends
End of
End ofYearthe 2nd
the 3rdend
Quarter Quarter

Total

Total
Dividends(annual)(consolidated)

PayoutRatio

Ratio of
Dividends to
Net Assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

17.00

-

22.00

39.00

1,828

27.4

4.3

-

20.00

-

20.00

40.00

2,097

30.3

3.8

-

23.00

-

23.00

46.00

27.7

Note: The Company merged with CERTO Corporation effective as of September 1, 2010. A merger
commemorative dividend of 5.00 yen per share is included in the year-end dividend for the
fiscal year ended on February 28, 2011. The consolidated payout ratio excluding thecommemorative dividend of 5.00 yen is 23.8%.
3. Forecast of Consolidated Results for the Year Ending February 28, 2013 (from March 1, 2012 toFebruary 28, 2013)(Figures expressed in percentages represent year-on-year percentage changes.)
Net
Operating
Ordinary
Net sales
Net Income
IncomeIncomeIncomeper Share
Millions ofyen

Six months ending
August 31, 2013
Year Ending
February 28, 2013％

Millions ofyen％Millions ofyen％Millionsof yen％Yen

120,000

9.1

7,600

9.9

7,600

9.0

4,000

7.6

76.26

260,000

18.3

16,60020.6

16,600

20.4

8,700

25.9

165.87

4. Other Remarks(1)
Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in changes in scope of consolidation） : None
Newly Included: Excluded: Note: For more details, please refer to “Corporate Group Organization” on page 7.
(2)
Changes in the principles, procedures, or methods of presentation for accounting treatment
related with the preparation of the financial statements as described in “Significant Changes in
the Basis for Preparation of the Financial Statements.”
1) Change arising from revisions of accounting standards: Yes
2) Change due to reasons other than described above: Yes
Note: For more details, please refer to “Changes in Significant Items that Constitute the Basisfor Preparing Consolidated Financial Statements” on page 18.

(3)Number of shares issued (common stock)1) Number ofshares
As of Feb. 29,
As of Feb. 28,
54,169,633 shares 2011:
54,169,633 shares
outstanding at
2012:
end of period(including
treasuryshares)2) Number oftreasury shares As of Feb. 29,
As of Feb. 28,
1,720,051 shares
1,726,306 sharesat end of
2012:
2011:
period3) Average
Year ended
Year ended
52,443,125 shares
45,564,259 shares
number of
February 29,
February 28,
shares2012:
2011:
outstanding
Note: Number of outstanding shares as calculation base for net income per share (consolidated) isshown in “Per share information” on page 25.

(Reference) Overview of Non-consolidated Results
1. Non-consolidated Results of Fiscal Year Ended February 29, 2012
(from March 1, 2011 to February 29, 2012)(1) Non-consolidated Operating Results(Percentage figures show year-on-year change.)
Net Sales
Operating Income Ordinary Income
Net Income
Millions ofyen％Year Ended Feb. 29, 2012
Year Ended Feb. 28, 2011

201,501
161,026

Year Ended Feb. 29, 2012
Year Ended Feb. 28, 2011

Net Income per
Share
Yen
124.95132.33

25.1
27.3

Millions ofyen％

12,578
11,058Millions of
yen

13.7
19.9

12,721
11,330

％

12.3
22.2

Millions of
yen

6,552
6,029

％

8.7
19.0

Diluted Net Income
per ShareYen
124.67132.06(2) Non-consolidated Position
Total Assets
Millions of yen

Year Ended Feb. 29, 2012
88,954
Year Ended Feb. 28, 2011
82,903(Reference)
Shareholders’ equity
As of February 29, 2012
As of February 28, 2011

Net Assets
Millions of yen

56,48852,100Shareholders’Equity Ratio
%
63.3
62.7

Net Assets per
Share
Yen
1,073.69
990.6256,314 million yen
51,951 million yen* Items related to the conduct of audit proceduresThis summary report of consolidated financial results is not subject to audit procedures based on
the Financial Instruments and Exchange Act, and an audit based on the Financial Instruments andExchange Act had not been completed at the time this summary report was published.
* Information concerning proper use of financial forecasts and other special instructions
The financial forecast provided in the preceding section was prepared on the information available
as of the time of publication of the report. Actual results may differ from the forecast due to various
factors that may arise in the future.
Since the Company conducts consolidated base group financial management, only the
consolidated financial forecast is disclosed.

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

{ Attached Materials Contents
1. Results of Operations...................................................................................................................... 2(1) Analysis of Operating Results.................................................................................................... 2(2) Analysis of Financial Position .................................................................................................... 4(3) Basic Policy on Profit Distribution and Dividends for Fiscal 2012 and 2013 .............................. 5
2. Corporate Group Organization ........................................................................................................ 7
3. Management Policy......................................................................................................................... 8(1) Basic management policy .......................................................................................................... 8(2) Medium- and long-term corporate business strategy and issues to be addressed .................... 8
4. Consolidated Financial Statements, etc. ....................................................................................... 10(1) Consolidated Balance Sheet.................................................................................................... 10(2) Consolidated Statement of Income.......................................................................................... 12(3) Consolidated Statements of Comprehensive Income .............................................................. 13(4) Statements of Changes in Shareholders' Equity...................................................................... 14(5) Consolidated Statement of Cash Flows ................................................................................... 16(6) Notes on Premise of Going Concern ....................................................................................... 18(7) Changes in Significant Items that Constitute the Basis for Preparing Consolidated Financial
Statements .............................................................................................................................. 18(8) Notes on Consolidated Financial Statements .......................................................................... 19(Segment Information) ............................................................................................................. 19(Related party information) ...................................................................................................... 23(Per share information) ............................................................................................................ 25(Significant Subsequent Events).............................................................................................. 25
5. Financial Statements..................................................................................................................... 26(1) Balance Sheet ......................................................................................................................... 26(2) Statement of Income ............................................................................................................... 29(3) Statements of Changes in Shareholders’ Equity ..................................................................... 30(4) Note on the going concern assumption ................................................................................... 33
6. Other Remarks .............................................................................................................................. 33
Change in representative director............................................................................................ 33

1

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

1. Results of Operations(1) Analysis of Operating Results
During this consolidated fiscal year, the Japanese economy was forced into temporary stagnation
due to the impact of the Great East Japan Earthquake. While businesses began to resume theirproduction activities in response to the recovery of supply chains, and consumer spending showedsigns of improvement, the situation remained unpredictable due to various economic uncertainties,
including the expanded impact of the flood damage in Thailand that affected the manufacturingsector, the prolonged appreciation of the yen, and the lack of clarity in domestic energy policy.
Amid this environment, we, as a corporation advocating the “safety and security” of customers andcommunities, were highly acclaimed for making substantial contributions to the resumption of theoperation of various facilities, including the commercial facilities that are the infrastructure foreveryday life immediately after the Great East Japan Earthquake.
As a result of this focus on assisting the recovery of the regions affected by the disaster, ourinitiatives for the development of new clientele and the enhancement of profitability slowed down
temporarily. With the need for environmental load reduction arising across society, we successfullytranslated such need to growth in net sales by marketing environmentally friendly products, such as
LED products, and steadily winning contracts for energy-saving-related construction and renovation
works.
Aiming at achieving further growth in our Comprehensive Facility Management Service(Comprehensive FMS), which offers our customers an environment that allows them to focus on
their strategically important business by providing comprehensive services relating to their
management and operations, we successfully carried out aggressive sales activities in threemarkets targeted in our medium-term business plan announced in April 2011: the major urban area
market, the environmental load reduction market and the Asian market. As a result, we achieved
increases both in sales and profits. The profits increased for the eighth consecutive fiscal period,
and were the highest in our history.
<Major initiatives in the current consolidated fiscal year>(Strengthening group management)
In order to meet the targets set in our medium-term business plan (2011 to 2013 fiscal years), we
focused our efforts on the strengthening of group management mainly through the expansion of thecomprehensive FMS business primarily in our key business (i.e., deployment to small-store formats
and the provision of IT solutions) and into a new business area (BtoBtoC).
Amid the acceleration of small-store openings in the metropolitan area, we added A to Z Service
Co., Ltd., which has its strengths in the management and construction of small-scale commercial
facilities, to the Group in May 2011 as a consolidated subsidiary, resulting in the establishment of abusiness structure capable of responding to a full line of customer needs, from large to small
facilities.
In order to provide services focused on the needs of consumers who are behind our BtoB
customers, we also made KAJITAKU Inc., with its strength in housework support services, into a
consolidated subsidiary in April 2011. In addition to a steady expansion of sales of its “KAJIcloud(Housework Professionals)” series that makes over-the-counter marketing of housework support
services possible, the company took the initiative in the development of new products. The “RinRin
Safety Emergency Alert Pack,” a series of alert systems for the elderly in collaboration with Phillips
Respironics GK, and “Online Closet,” a custodial service for off-season clothing, has received wide
attention in the media.
In addition, in order to launch a new business to provide IT solutions that will strongly promotereform of the business structure of the Group and power the comprehensive FMS business throughsignificant cost reductions with IT technology and the improved competitiveness of our key business,
we established a new company, “FMS Solutions Co., Ltd.” in December 2011 as a joint venture with
Vinculum Japan Corporation.

2

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(Environmental business)
The demand for energy-saving products has been rising significantly since the Great East Japan
Earthquake. In order to capture this demand, we promoted the adoption of BEMS (Building Energy
Management System) through our activities to assist reconstruction efforts. This system makes
facility operation more efficient by “visualizing” energy use by each facility. We also captured thedemand for energy-saving-related construction, such as the installation of LED lighting or demand
controllers that monitor and control electricity use in buildings. These efforts have successfully led
to the further growth of net sales.
In recognition of our initiative for energy-saving activities focused on the hardware side based on
our unique know-how developed through our comprehensive building maintenance business,
including the installation of energy-efficient devices, and the collaboration with our customers in aneffort to save electricity, we were awarded the Economy, Trade and Industry Minister’s Award, thehighest honor of the fiscal year 2011 energy conservation awards.
(Overseas business)
As for our overseas markets, in order to accelerate our growth in Asia, we have assigned a“Representative for Chinese Business” and “Representative for ASEAN Business” in overseas
business based on our structural reforms launched in September 2011. We have thus established asystem whereby each representative has the responsibility and is vested with the authority to makeprompt decisions. Under this system we strive to expand an optimal comprehensive FMS businessfrom a glocal perspective.
With respect to China, our business has expanded steadily, and is now providing services to a totalof 16 properties, including not only the AEON Group properties but also three non-AEON properties,
such as a state-owned commercial facility in Beijing and an office building-luxury condominium
complex (six in northern China and 10 in southern China). We seek to establish the comprehensive
FMS business in China on the strength of the hospitality spirit we nurtured in Japan and the knowhow in the comprehensive FMS business. We will also focus on environmental business throughthe expansion of LED products, which are in high demand.
In the ASEAN region, we opened a representative office in Malaysia to oversee our business in thisarea, and launched a feasibility study with the objective of establishing a local subsidiary. We also
stepped up our activities for business development in Vietnam, where we opened a representative
office (in Ho Chi Minh City) in May 2011.
(New contracts)
As the result of our aggressive promotion of comprehensive FMS business, we are now providing
our services to facilities of various uses, including the production plant of a major appliancemanufacturer, stores of the national network of a mass appliance retailer, and prefectural hospitals
as well as luxury condominiums in Tokyo.
<Overview of our major businesses during the current consolidated fiscal year>- In the facilities management business, net sales increased over the previous year to 42,147 million
yen (105.3% year-on-year), due to the contribution of A to Z Service Co., Ltd., which was made a
consolidated subsidiary in May 2011. We intend to improve our profitability by further improving
patrol-style facilities management efficiency, which is the initiative that we have promoted since lastyear.
- With net sales of 32,235 million yen (100.5% year-on-year), the security services business held
steady at the previous year’s level in a very difficult business environment through quick response
to demand for manned emergency security services and the need for repairing security equipment,such as security cameras, immediately after the earthquake destroyed or damaged security
equipment together with the buildings that housed them.
- In spite of aggressive efforts to expand business to hospitals, etc. in order to enhance thespecialization of cleaning techniques, net sales of the cleaning services business fell short of theprevious year with 39,852 million yen (96.9% year-on-year).
- Construction work business sales increased significantly from the previous fiscal year with net salesof 28,513 million yen (173.6% year-on-year) by capturing demands for restoration and3

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

-

-

-

reconstruction of buildings damaged by the earthquake and subsequent demand forenergy/electricity-saving measures.
The materials/supplies sourcing services business posted net sales of 36,730 million yen amidst thediversification of purchase channels for customers and increased pricing competition with ourcompetitors. We will move forward with various initiatives aimed at improving profitability byimplementing a reverse auction system in the selection of suppliers or changing suppliers.
Net sales of the vending machine services business was 32,280 million yen due to the temporary
stoppage of the operations of vending machines as a result of the earthquake and the subsequent
merchandise shortage caused by delays in logistics. The business was further affected bynationwide efforts to conserve electricity.
In the support businesses, net sales increased over the previous year to 7,980 million yen (151.4%
year-on-year), due in part to the contribution of KAJITAKU, Inc., which was made a consolidated
subsidiary in April 2011. We aim to create a business model that will allow us to secure profits ineach business.

< Management performance >As a result of these developments, the Company posted consolidated net sales of 219,797 million
yen (128.6% year on year), operating income of 13,762 million yen (114.4% year-on-year), andordinary income of 13,784 million yen (114.0% year-on-year). An extraordinary loss of 399 million
yen was posted to account for losses relating to the Great East Japan Earthquake. After the
deduction of extraordinary loss and taxes, net income for the current fiscal year was 6,912 million
yen (106.4% year-on-year).
<Forecast for the year ending February 28, 2013>
We forecast consolidated earnings results for the year ending February 28, 2013 as follows:(Percentage figures show year-on-year change)

Operating
IncomeNet Sales
Millions ofyen

Six months ending
Aug. 31, 2012
Year ending
Feb.28, 2013

120,000％

9.1

260,000 18.3

Millions of
yen

7,600

Ordinary Income％

9.9

16,600 20.6

Millions of
yen

7,600

％

Net Income
per Share

Net Income
Millions of
yen

％

Yen

9.6

4,000 7.6

76.26

16,600 20.4

8,700 25.9

165.87<Information on proper use of the financial forecast and other special instructions>
The financial forecast described above has been prepared based on the information available as ofthe date of publication of this report. Actual results may differ from the above-mentioned forecast
due to various factors that may arise in the future.
Since the Company conducts consolidated base group financial management, only the consolidated
financial forecast is disclosed.
(2) Analysis of Financial Position<Summary of consolidated financial position for the fiscal year ended February 29, 2012>
Total assets at the end of the current fiscal year increased by 8,184 million yen (9.7%) year-on-year
to 92,809 million yen.
This increase is attributable mainly to an decrease of 3,391 million yen in cash and deposits, anincrease of 2,993 million yen in notes and accounts receivable-trade, an increase of 8,400 million
yen in deposits of subsidiaries and affiliates paid to affiliates under bailment arrangements, anincrease of 1,783 million yen in goodwill due to additions of consolidated subsidiaries, and adecrease of 1,080 million yen due to amortization of goodwill.
Liabilities at the end of the current fiscal year increased by 2,889 million yen (9.1%) year-on-year to34,626 million yen.
This increase is attributable mainly to an increase of 1,296 million yen in purchasing obligations that
include notes and accounts payable-trade and electronically recorded monetary obligations, anincrease of 457 million yen in accounts payable-other, an increase of 869 million yen in income
taxes payable, and an increase of 203 million yen in current liabilities and others.
Net assets at the end of the current fiscal year increased by 5,295 million yen (10.0%) year-on-year
to 58,182 million yen.
4

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

This increase is attributable mainly to the increase in retained earnings of 6,912 million yen due tothe posting of net income for the fiscal year, and a decrease of 2,202 million yen in retained
earnings due to dividend payments.
As a result of the above factors, the shareholders’ equity ratio was 61.9%.
<Summary of consolidated cash flows for the fiscal year ended February 29, 2012>
Cash and cash equivalents (hereinafter referred to as “cash”) decreased by 3,137 million yen(25.5%) year-on-year to 9,179 million yen at the end of the current fiscal year.
The status of cash flows and the major factors involved are described below.
(Cash flows from operating activities)
Net cash provided by operating activities came to 9,639 million yen. The major factors contributing
to the net cash inflow were posting of net income before income taxes and minority interests of
12,977 million yen; 2,300 million yen due to depreciation and amortization as well as amortizationof goodwill, which were partially offset by a decrease of 1,708 million yen due to an increase innotes and accounts receivable-trade; a decrease of 422 million yen due to an increase in accounts
payable-other; and a decrease of 5,595 million yen due to income tax payments.
(Cash flows from investing activities)
Net cash used in investing activities amounted to 10,051 million yen. The main factors behind thiswere an outflow of 8,400 million yen for payment for/collection of deposits of subsidiaries andaffiliates, and an outflow of 1,184 million yen for acquisition of property, plant and equipment andintangible fixed assets.
(Cash flows from financing activities)
Net cash used in financing activities was 2,722 million yen. This owed mostly to dividend payments
amounting to 2,205 million yen.
Changes in the Group’s cash flow indicators are as shown below.
Year EndedYear Ended
February 28,
February 28,
2010
2011

Year Ended
February 29,
2012

Shareholders’ equity ratio (%)

64.2

62.3

61.9

Shareholders’ equity ratio at market value (%)

99.1

93.4

86.6

Ratio of interest-bearing debts to cash flows (%)

0.0

0.0

0.0

528.7

2,314.4

2,473.73

Interest coverage ratio

Shareholders’ equity ratio: Shareholders’ equity/Total assets
Shareholders’ equity ratio at market value: Total market capitalization/Total assets
Ratio of interest-bearing debts to cash flows: Interest-bearing debts/Operating cash flows
Interest coverage ratio: Operating cash flows/Interest paid
Note: 1. The above-mentioned indicators have been calculated based on consolidated financial data.
2. Total market capitalization was calculated as the closing stock price at the end of the period
multiplied by the number of shares outstanding (excluding treasury stock) at the end of theperiod.
3. Interest-bearing debts represent all debts that are recorded in the consolidated balance
sheets on which interest is paid.
4. Operating cash flows are the “net cash provided by (used in) operating activities” reported in
the consolidated statements of cash flows.
5. Interest paid represents the “interest expenses paid” reported in the consolidated statementsof cash flows.
(3) Basic Policy on Profit Distribution and Dividends for Fiscal 2012 and 2013
The Company's basic policy is to work towards securing a stable business base and improving
return on equity, and providing shareholders dividends based on business performance while
maintaining and continuing a stable dividend.
5

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

We regard the consolidated payout ratio as an important benchmark and aim to provide a stabledividend payment with a consolidated payout ratio of 20% or higher while taking into account theratio of dividends to net assets.
We will use retained earnings for proactive investments in sustainable growth and improvement in
the quality of the comprehensive FMS business, such as innovation, information technology, humanresources development, and M&As. We will endeavor to meet shareholders’ expectations byenhancing our corporate value in this manner.
The year-end dividend is 20 yen per share that was in the initial forecasts. This accounts for anannual dividend of 40 yen per share (up 102.6% year-on-year), including the dividend of 20 yen per
share that was already provided.
As for dividend payments for fiscal year 2013, we project an annual dividend of 46 yen per share,
an increase of 6 yen from the above-mentioned annual dividend of 40 yen per share for this year
(an interim dividend of 23 yen per share and a year-end dividend of 23 yen per share; an increaseof 115.0% from the annual dividend to be paid for the current fiscal year).

6

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

2. Corporate Group Organization
The AEON DELIGHT Group comprises AEON DELIGHT CO., LTD. (“AEON DELIGHT”) and 11
consolidated subsidiaries. AEON DELIGHT is also a member of the corporate group of AEON Co.,
Ltd., a pure holding company. The AEON Group organizes its operating companies into 12
segments (GMS <general merchandise stores>, SM <supermarkets>, DS <discount store
business>, strategic small stores, drugstore & pharmacy business, integrated financial services,
shopping center development, services, specialty stores, group IT and digital business, ASEAN
business, and the China business).
The AEON DELIGHT Group is positioned in service operations among the afore-mentioned
business segments of AEON Co., Ltd., and as one of the core companies of the AEON Group, it isengaged in the comprehensive FMS (facility management service) business, which consists of total
management and operations of the customer's non-core business in order to create a comfortableenvironment so that the customer can focus on their core business.
(1) Comprehensive FMS business
1) Facilities management businessBusiness that conducts the preservation, inspection, maintenance, etc. of buildings facilities
2) Security services businessBusiness that provides comprehensive security services including security for facilities,
security to handle crowds and traffic, security for transporting valuable goods, etc.
3) Cleaning services businessBusiness that conducts the cleaning of buildings and facilities
4) Construction work businessBusiness that conducts large-scale renovation and interior design work, makes
environmental load reduction proposals, and installs solar power generation systems
5) Materials-related businessBusiness that acts as a purchase agent for indirect materials and procures materials, etc.
6) Vending machine businessBusiness that operates beverage vending machines, cares for foliage plants, andmaintains air purification units
7) Support businessBusiness that includes the housework support services, retail store business, technicaltraining business, and temporary staffing business(2) Other businesses
Real estate lease business7

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

3. Management Policy(1) Basic management policy
Under the Management Principle, “We pursue the creation of environmental value for the customers
and for local communities,” our Basic Management Policy directs us to contribute to the sustainable
development of society as a pioneer in the comprehensive FMS business by continuing to develop
safety, security, and comfort in our society, while aiming at maximizing corporate value so that wewill be highly trusted and valued by all of our stakeholders, including our shareholders andcustomers.
(2) Medium- and long-term corporate business strategy and issues to be addressed
The AEON DELIGHT Group has formulated a three-year medium-term business strategy starting infiscal year 2012 aimed at further growth driven by the comprehensive FMS business. In addition to
the “major urban area market,” “environmental load reduction market” and “Asian market,” weaddress the digitalization and aging population in the macroscopic environment so as to contributeto society through business and increase corporate value.
Furthermore, we will endeavor to strengthen the ability of our marketing and operations systems tosecure and retain continuing contracts, and implement measures to enhance profitability that will
not be influenced by spot contracts.
<Specialization and integration through the comprehensive FMS business>
In order to minimize life-cycle costs and maximize customer satisfaction by proposing new
businesses, the AEON DELIGHT Group as the solutions partner to our customers will increase thecompetitiveness of our comprehensive FMS (the pursuit of specialization), and expand our businessareas and service menu so as to be able to respond to diverse and complex issues faced bycustomers with the best solutions (the strengthening of integrative capabilities).
(Pursuit of specialization)
The Company is going forward with business activities primarily in comprehensive building
maintenance and back office support services with six main businesses (facilities management,
security services, cleaning services, construction work, material-related, and vending machines) as
a core. We will enhance the specialization in each of these businesses to develop it as the core of
the comprehensive FMS through IT-based innovations, so as to improve our competitiveness andprofitability. Furthermore, we will organize the “AD Intelligence Center” as part of the Company incollaboration with universities. We aim to achieve, among other things, the building of energy
consulting techniques through the collection and verification of data on facilities at buildings weserve, and the establishment of energy-efficient operations so as to implement the idea of Smart
Community.
(Strengthening of integrative capabilities)
With the above six business areas at the core of our comprehensive FMS business, we will
strengthen our integrative capabilities by actively seeking M&A opportunities to acquire businesses
in regions where our presence has yet to be established as well as functions which we lack. We
also aim at becoming the true solution partner to our customers by developing technologies andproducts, such as our unique flooring protection agent “AD Coating,” with new perspectives notbound to any of our existing business areas through full use of our diverse businesses andextensive alliance networks.
<Initiatives aimed at gaining new growth opportunities>(Three target markets)
Aiming for growth, the AEON DELIGHT Group has given special attention to the following threemarkets from the perspective of gaining long-term growth opportunities.
- Environmental load reduction market
As social needs for the reduction of environmental load increase, the AEON DELIGHT Group has
further strengthened our initiatives in this field. We will continue to provide our unique environmental
solutions not only by the marketing and installation of LEDs and other environmental products but
also through our understanding of the business of our corporate customers that we have gained
through past initiatives, and, based on our experience and know-how gained by managing
customers’ buildings. Our initiatives in this field were recognized by the Ministry of Economy, Tradeand Industry and we were certified as a “BEMS Aggregator” in the project of the Ministry of8

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

Economy, Trade and Industry to introduce BEMS (building energy management system) to morethan 60,000 buildings units across Japan.
- Major urban area market
Many companies are making preparations for the expansion of new businesses in response toshifts in demography in Japan, including the aging population and declining birthrate and the shift tourban areas. In response to these changes, the AEON DELIGHT Group has advanced with theconstruction of new business models in the major urban areas. As we expect to see growth in thenumber of small commercial facilities in major urban areas in particular, we have been making
comprehensive proposals by pooling the core competencies of A to Z Service, Co., Ltd., whichbecame a consolidated subsidiary in May 2011, and other members of the AEON DELIGHT Group.
In addition, we will leverage the strengths of housework support services provided by KAJITAKU,
Inc., which became a consolidated subsidiary in April 2011, and focus on expanding services toapartments for which demand is expected to increase due to the aging population and return tourban areas.
- Asian market
We will maintain a watch on trends in the rapidly growing Asian countries and aggressively allocate
business resources in response to growth in this market. We will further accelerate businessexpansion by leveraging the business know-how we have gained in China through initiatives in thepast to achieve early establishment of the comprehensive FMS business in China.
In the ASEAN region, we will proceed with initiatives to establish local subsidiaries in Malaysia andVietnam for early business development in these countries. In Malaysia, we have been in theprocess of completing the procedures to incorporate a preparatory company. We expect thatcompany will start its operation in the next fiscal year and contribute to the consolidated results.
(New markets)
As stated above, we will accurately identify trends not only in the three target markets but also shifts
occurring in society toward seniors and digitalization so as to gain new growth opportunities. In
response to “seniors shift,” we will aim at the establishment of a living support business as a new pillarof the comprehensive FMS by further enhancing our services provided with the spirit of hospitality wehave cultivated through past business so as to harmonize new businesses that would be required byseniors whom we intend to capture as a new customer base.
In response to the digital shift, we will aggressively move forward with low-cost operation by raising the
IT readiness of the AEON DELIGHT Group to a higher level through strengthening of functions of FMS
Solutions, Co., Ltd. established in December 2011. We will forge ahead in order to achieve theobjective of establishing a new business that provide IT-related solutions by deploying our know-how
outside the Company.

9

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

4. Consolidated Financial Statements, etc.
(1) Consolidated Balance Sheet(millions of yen)
Year Ended Feb. 28, 2011
(As of Feb. 28, 2011)

Year Ended Feb. 29, 2012
(As of Feb. 29, 2012)

13,09828,246
1,476
1,265
18,920
1,741
(226)

9,707
31,2401,527
1,465
27,3201,883(657)

64,524

72,486

1,234
265
1,791
284
181

1,217
246
1,918
284
106

3,756

3,773

10,546
1,030

11,249
1,022

11,577

12,272

2,983
278
1,700
(196)
4,766
20,10084,624

2,577
406
1,517
(224)
4,276
20,32292,809AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Deferred tax assets
Deposit of subsidiaries and affiliates
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery for area control, net
Tools, furniture and fixtures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

10

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(millions of yen)
Year Ended Feb. 28, 2011
(As of Feb. 28, 2011)

Year Ended Feb. 29, 2012
(As of Feb. 29, 2012)

22,424

18,872

―

4,848

24

25

―

10

25
2,824
2,844
485
776

6
3,282
3,714
570
797

127

120

1,191
30,724

1,395
33,643

―
6
407
487
51
58
1,012
31,737

15
―
265
507
152
42
983
34,626

3,238
18,741
30,575(461)
52,092

3,238
18,75335,285(460)
56,816

664

665

(19)

(18)

645

647

149

173

Minority interest－

545

Total net assets

52,88758,182

84,62492,809Liabilities
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
Accounts payable-other
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Provision for reward of businessperformance
Other
Total current liabilities
Noncurrent liabilities
Corporate bonds payable
Long-term loan payable
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeSubscription rights to shares

Total liabilities and net assets

11

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(2) Consolidated Statement of Income(millions of yen)
Year Ended Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

Net sales

170,905

219,797

Cost of sales

146,916

191,166

Gross profit

23,98928,631

Selling, general and administrative expenses

11,957

14,868Operating income

12,031

13,762

Interest income

5698

Dividends income

33

38

Equity in earnings of affiliates

41-

Non-operating income

Gain on maturity of insurance contract

-

103

Other

76

41

Total non-operating income

208

281

Interest expenses

2

3

Loss on cancellation of company housing

51

54

Loss on retirement of noncurrent assets

47

36

Compensation for accident expenses

1633

Non-operating expenses

Equity in losses of affiliates

-

13

Other

30

119

Total non-operating expenses

149

260

12,08913,784Gain on sales of investment securities

3-

Gain on sales of memberships

1-

Marginal gain on step acquisition
Reversal of provision for directors’ bonuses

-

56

-

17

Total extraordinary income

573

Extraordinary loss
Management integration expenses

724-

Welfare expenses for prior periods

Ordinary income
Extraordinary income

181-

Losses on disasters-

399

Provision for doubtful accounts

-

428

Other

79

51

Total extraordinary losses

985

880

Income before income taxes and minority interests

11,10912,977

Income taxes-current

4,739

6,095

Income taxes-deferred

(125)

(162)

Total income taxes

4,613

5,932

Net income before minority interests

6,495

7,045
132
6,912

Minority interests in income
Net income

12

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(3) Consolidated Statements of Comprehensive Income(millions of yen)
Year Ended Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

―

7,045

Net income before minority interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustments

―

1

―

0

Total other comprehensive income

―

1

―

7,047

―

6,914

―

132

Comprehensive income(Details)
Comprehensive income attributable toparent company
Comprehensive income attributable tominority interests

13

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012(4) Statements of Changes in Shareholders' Equity(millions of yen)
Year Ended Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

3,238

3,238

―

―

Balance at the end of current period
Capital surplus

3,238

3,238

Balance at the end of previous period

2,964

18,741

Changes of items during the period
Disposal of treasury stock
Increase by merger

515,77012―

15,776
18,74112
18,75325,36630,575(1,269)6,495(17)(2,202)
6,912

Shareholders' equity
Capital stock
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period

Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Increase by merger
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Increase by merger
Total changes of items during the period

5,208
30,575－4,710
35,285

(461)

(461)

(1)
1
(0)
(0)

(6)
7
―
1

(461)

(460)

Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Increase by merger

31,10752,092(1,269)6,495(1)
615,753(2,202)
6,912
(6)
20
―

Total changes of items during the period
Balance at the end of current period

20,98452,092

4,723
56,816

149664

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Balance at the end of previous period
14

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(millions of yen)
Year Ended Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

514

1

514
664

1
665

(3)

(19)

(15)

0

(15)
(19)

0
(18)

145

645

499
499
645

1
1
647

110

149

38

24

38
149

24
173

―

―

―
―
―

545
545
545

31,36452,887(1,269)6,495(1)
615,753(2,202)
6,912
(6)
20
―

538

571

21,52352,887

5,295
58,182

Changes of items during the period
Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period
Total accumulated other comprehensive income
Balance at the end of previous period
Changes of items during the period
Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders'equityTotal changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders'equityTotal changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Increase by merger
Net changes of items other than shareholders'equityTotal changes of items during the period
Balance at the end of current period
15

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(5) Consolidated Statement of Cash Flows(millions of yen)
Year Ended Feb. 28,
2011(March 1, 2010 –Feb. 28, 2011)

Year Ended Feb. 29,
2012(March 1, 2011 –Feb. 29, 2012)

11,109
999
788
(14)
(89)
(13)

12,977
1,219
1,080
(41)
19
0

Interest and dividends income

(89)

(136)

Interest expenses
Loss (gain) on sales of property, plant and equipment

2
60

3
34

Loss on cancellation of company housing

51

54

Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivabletrade67

16(1,188)(1,708)

Increase (decrease) in notes and accounts payabletrade

496

521

Increase (decrease) in accounts payable-other

(523)

422

Decrease (increase) in accounts receivable-other

(40)

34

Other, net

(216)

615

11,40092(2)(4,681)

15,115124(3)(5,595)

6,808

9,639

91

573

Payments into time deposits
Purchase of property, plant and equipment andintangible fixed assets
Proceeds from sales of property, plant and equipment
and intangible fixed assets

(511)

(69)

―

(1,184)―27

Purchase of property, plant and equipment

(541)

―

Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of investments in subsidiaries resulting inchange in scope of consolidation
Proceeds from purchase of investments in subsidiaries
resulting in change in scope of consolidation

114
(251)
(4)
90

―
―
(6)
―

―

(1,216)―365

Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for directors' retirement

SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Proceeds from withdrawal of time deposits

16

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(millions of yen)
Year Ended Feb. 28,
2011(March 1, 2010 –Feb. 28, 2011)

Year Ended Feb. 29,
2012(March 1, 2011 –Feb. 29, 2012)

Payments for deposit of subsidiaries and affiliates(135,840)(150,420)

Collection of deposit of subsidiaries and affiliates

132,820

142,020

818

10

(154)
292
76
(3,000)

(135)
120
(135)
(10,051)

(27)

(2)

(25)
(1,262)
(1)
(5)

(475)
(2,205)13(53)(1,321)(2,722)

(13)

(3)

2,472
7,873

(3,137)
12,317

Increase in cash and cash equivalents resulting frommerger

1,958―

Increase (decrease) in cash and cash equivalents
resulting from change in scope of consolidation

13―

12,317

9,179

Collection of loans receivable
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Repayment of long-term loans payable
Cash dividends paid
Net decrease (increase) in treasury stock
Other, net
Net cash provided by (used in) 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

17

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012(6) Notes on Premise of Going Concern
None(7) Changes in Significant Items that Constitute the Basis for Preparing Consolidated Financial
Statements• Changes relating to accounting standards
Application of the Accounting Standard for Equity Method of Accounting for Investments (ASBJ
Statement No. 16; issued March 10, 2008) and the Practical Solution on Unification of Accounting
Policies Applied to Associates Accounted for Using the Equity Method (PITF No. 24; issued
March 10, 2008)
Effective from the current consolidated fiscal year, the AEON DELIGHT Group has applied the
Accounting Standard for Equity Method of Accounting for Investments (ASBJ Statement No. 16;
issued March 10, 2008) and the Practical Solution on Unification of Accounting Policies Applied to
Associates Accounted for Using the Equity Method (PITF No. 24; issued March 10, 2008).
There is no impact of this change on income and loss for the current consolidated fiscal year.
Application of the Accounting Standard for Asset Retirement Obligations (ASBJ Statement No. 18;
issued March 31, 2008), etc.
Effective from the current consolidated fiscal year, the AEON DELIGHT Group has applied the
Accounting Standard for Asset Retirement Obligations (ASBJ Statement No. 18; issued March 31,2008) and the Guidance on Accounting Standard for Asset Retirement Obligations (Guidance No.
21; issued March 31, 2008).
There is no impact of this change on income and loss for the current consolidated fiscal year.
• Changes in presentation method(Consolidated statement of income)1. The “Gain on maturity of insurance contract” that had been included in “Other” under theheading of non-operating income up to the previous consolidated fiscal year was presented
separately in the current consolidated fiscal year as its significance increased. The amount of“Gain on maturity of insurance contract” in the previous consolidated fiscal year was 5 millionyen.
2. As the result of the application of the Cabinet Office Ordinance Partially Revising theRegulation on Terminology, Forms and Preparation of Financial Statements (Cabinet Office
Ordinance No. 5; March 24, 2009) pursuant to the Accounting Standard for Consolidated
Financial Statement (ASBJ Statement No. 22; issued December 26, 2008), the item “Net
income before minority interests” is presented in the current consolidated fiscal year.
(Calculation of consolidated cash flows)
Effective from the current consolidated fiscal year, “Purchase of property, plant and equipment”(856 million yen for the current consolidated fiscal year) and “Purchase of intangible assets” (327
million yen for the current consolidated fiscal year) under “Net cash provided by (used in)investing activities” in the previous consolidated fiscal year have been changed and arepresented as “Purchase of property, plant and equipment and intangible fixed assets.”• Additional information
Effective from the current consolidated fiscal year, the AEON DELIGHT Group has applied the
Accounting Standard for Presentation of Comprehensive Income (ASBJ Statement No. 25; June30, 2010). The amounts reported for “Accumulated other comprehensive income” and “Total
accumulated other comprehensive income” in the previous consolidated fiscal year are theamounts for “Valuation and translation adjustments” and “Total valuation and translation
adjustments.”

18

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012(8) Notes on Consolidated Financial Statements(Segment Information)[Business segment information]
Fiscal year ended February 28, 2011 (from March 1, 2010 to February 28, 2011)(millions of yen)Comprehensive FMS business
Other

Facilities
Security Cleaning Constructi Materials- Vending
Support businesses
management services services on work related machine
businessbusinessbusiness business business business business
I.

Total

Eliminations/
Consolidated
corporate

Net sales
andoperatingincome orloss
Net sales(1) Sales tounaffiliatedcustomers(2) Intersegment
sales ortransfer

40,01932,08841,142

16,42018,71817,188

5,271

27

347

156

210

1

─

669

Total sales

40,04732,43541,298

16,63018,72017,188Operatingexpenses

34,931

29,67035,361

15,41618,092

Operatingincome

5,115

2,764

5,937

1,214

627

56 170,905

─

170,905

1,580(1,580)─

5,940

224 172,485(1,580)170,905

15,7085,564

8 154,755

4,118

158,873

1,480

375

(5,698)12,031

167

215

17,730Notes: 1. Business segments are classified based on the internal control framework.
2. Main services of each business segment are as follows:(1) Comprehensive FMS business
1) Facilities management businessBusiness that conducts the preservation, inspection, maintenance, etc. of building
facilities
2) Security services businessBusiness that provides comprehensive security services including security for facilities,
security to handle crowds and traffic, security for transporting valuable goods, etc.
3) Cleaning services businessBusiness that conducts the cleaning of buildings and facilities
4) Construction work businessBusiness that conducts large-scale renovation and interior design work, makes
environmental load reduction proposals, and installs solar power generation systems
5) Materials/Supplies sourcing services businessBusiness that acts as a purchase agent for indirect materials and procures materials, etc.
6) Vending machine services businessBusiness that operates beverage vending machines, cares for foliage plants, andmaintains air purification units
7) Support businessBusiness that includes the retail store business, technical training business, temporary
staffing business, and document management business(The businesses above that were originally included in other businesses have been
newly classified as support businesses.)(2) Other businesses
Real estate lease business
3. Unallocable operating expenses included in eliminations/corporate amount to 51,225 million
yen, and consist mainly of general affairs and other administrative expenses of theCompany.

19

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(Changes in business classifications)
Previously, the technical training business, temporary staffing business, and document control
business have been included in other businesses. However, accompanying the merger between the
Company and CERTO Corporation on September 1, 2010, a revision of business classification was
conducted, and these businesses will be displayed separately under support businesses from thecurrent fiscal year. Note that if the business classifications from this year were used to classify
segment information from the previous year, the results would have been as follows: the support
business would have net sales of 5,918 million yen (including sales to unaffiliated customers of 5,340
million yen), operating expenses of 5,232 million yen, and operating income of 685 million yen; otherbusinesses would have net sales of 72 million yen (including sales to unaffiliated customers of 72
million yen), operating expenses of 9 million yen, and operating income of 62 million yen.
(Additional information)
Accompanying the merger with CERTO Corporation on September 1, 2010, the materials-related
business (acting as a purchase agent for indirect materials and procuring materials) and the vending
machine business (total space management focusing on beverage vending machines and also
servicing foliage plants and air purification units) originally conducted by CERTO Corporation wereadded to the Company’s range of businesses.
By incorporating the addition of these new businesses, business classifications in the businesssegment information were revised as above for transactions on and after September 1, 2010.
Note that due to this revision of business classifications, sales and operating income that would havebeen posted in each of the following businesses are now posted in sales, operating income andoperating expenses of the materials-related business.
(millions of yen)
OperatingOperatingSales
expenses
incomeFacilities management
1,130
943
186
business
Security services
42
33
9business
Cleaning services
1,016
908
108
business
Support business
18
16
1
Total
2,208
1,901
306
[Segment information](Additional information)
Effective from the current consolidated fiscal year, the AEON DELIGHT Group has applied the
Accounting Standard for Disclosures about Segments of an Enterprise and Relation Information (ASBJ
Statement No. 17; revised March 27, 2009) and the Guidance on Accounting Standard for Disclosuresabout Segments of an Enterprise and Related Information (Guidance No. 20; issued March 21, 2008).
1. Overview of reporting segments
The reporting segments of the Company are those of the constituent units of the Company for which
separate financial information is available and periodically examined by the Board of Directors for the
purposes of making decisions as to the allocation of business resources as well as the evaluation of
performance.
The Company carries out a “comprehensive FMS (facility management services) business” which
provides package services for non-core duties relating to management and operation in order to create
an environment where our customers can concentrate on carrying out their core business. The
comprehensive FMS business consists of seven business segments, namely, facilities managementbusiness, security services business, cleaning services business, construction work business,materials-related business, vending machine business and support business. Each segment is
responsible as a separate unit for the development and promotion of business strategies.
Accordingly, these seven business segments in the comprehensive FMS are the reporting segments of
the Company.
The main services of each business segment are as follows:
20

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

1) Facilities management businessBusiness that conducts the preservation, inspection, maintenance, etc. of buildings facilities
2) Security services businessBusiness that provides comprehensive security services including security for facilities,
security to handle crowds and traffic, security for transporting valuable goods, etc.
3) Cleaning services businessBusiness that conducts the cleaning of buildings and facilities
4) Construction work businessBusiness that conducts large-scale renovation and interior design work, makes
environmental load reduction proposals, and installs solar power generation systems
5) Materials-related businessBusiness that acts as a purchase agent for indirect materials and procures materials, etc.
6) Vending machine businessBusiness that operates beverage vending machines, cares for foliage plants, and maintains
air purification units
7) Support businessBusiness that includes the housework support services, retail store business, technicaltraining business, and temporary staffing business.

21

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

2. Information on the amount of sales and income or loss of each reporting segment
Year Ended Feb. 29, 2012 (March 1, 2011 – Feb. 29, 2012)(millions of yen)
Reporting segments (Comprehensive FMS business)
Facilities
Security
management services
businessbusiness

Cleaning Construction Materialsservices
work
relatedbusinessbusinessbusiness

Vending
machinebusiness

Supportbusiness

Total

Other
businesses*

Total

Net sales
Sales tounaffiliatedcustomers

42,14732,23539,85228,51336,73032,2807,980

219,73957

219,797

114

374

156

227

29

0

809

1,711

106

1,817

Total sales

42,26232,60940,00928,74036,76032,2808,789

221,450

164

221,615

Segment profit

4,962

2,718

5,766

1,851

1,112

2,221

136

18,768164

18,933

Intersegment sales
or transfer* The category “Other” includes business segments that are not included in the reporting segments, inthis case, real estate lease business.
3. Differences between total amounts of income or loss in reporting segments and consolidated
statement of income, and details of the differences (matters relating to reconciliation)
Year Ended Feb. 29, 2012 (March 1, 2011 – Feb. 29, 2012)(millions of yen)
Profits

AmountReporting segment total

18,768

Income of “Other” category

164

Elimination of intersegment transactions

28

Amortization of goodwill(1,080)

Corporate expenses (See Note)(4,118)Operating income in consolidated statement of
13,762incomeNote: Corporate expenses are mainly general and administrative expenses that are not attributable toany of the reporting segments.

22

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(Related party information)
Fiscal year ended February 28, 2011 (from March 1, 2010 to February 28, 2011)
1. Transactions with related parties
Transactions between reporting company and related parties(a) Parent companies and principal shareholders (limited to corporations) of the reporting company
Type

Name ofcompany,etc.

Address

Capital Business(millionslines/
of yen) occupation(Parent
company’s)
ownership ofvoting rights,
etc. (%)(Parent
company’s
Parent AEON Co., Mihama-ku,
Pure holding ownership)
199,054
companyLtd.
Chiba City
company Direct
17.4
Indirect 44.5

(Parent
Other
affiliates

MYCAL
Corp.

Chuo-ku,
Osaka
City

General company’s
20,000 merchandise ownership)
Direct44.5
store
Indirect─Transaction
amount(millions ofyen)

Relation withrelated parties

Nature of transactions

Deposits ofsubsidiaries andaffiliates
Concurrent
directorships

Deposits ofsubsidiaries
andTransactions1
affiliates*
other than
Return ofbusinesstransactions deposits ofsubsidiaries
and1
affiliates*

Subcontractingof facility
management,
security,cleaning,
construction
work, sales ofmaterials,
operatingvending
machines, andother services,and leasing of
offices, etc.

Businesstransactions

Sales

Item

Balanceat year-end(millionsof yen)Deposits ofsubsidiaries
and affiliates

18,920Accounts
receivable

3,230

135,840

132,820

16,177

Note: MYCAL Corp. changed its status from the parent company to other affiliate effective September 1, 2010.

Terms of transaction and policy on determination of terms of transaction, etc.
Pricing and other terms of transaction for relevant parties are the same as those for other parties
who are not related to the Company.
Notes: *1 Interest rates on deposits of subsidiaries and affiliates are decided rationally byconsidering market rates.
*2
Consumption taxes, etc. are not included in the transaction amount, but are included in
the balance at year-end.
(b) Companies that share the same parent company with the reporting company and subsidiaries ofother affiliates of the reporting company
Type

Company
sharingsame
parentcompany

Company
sharingsame
parentcompany

Name ofcompany,etc.

Capital Business
Address (millions lines orof yen) occupation(Parent
company’s)
ownership ofvoting rights,
etc.
(%)

AEON Mihama-ku,
GeneralRETAIL
Chiba
50,000 merchandiseCo., Ltd.
City
store

None

Shopping
center/Insurance
agent(Ownership)
Direct 0.4
Indirect ─(Parent
company’s
ownership)
Direct 0.2
Indirect ─

AEON Mihama-ku,
MALL
Chiba
16,662
Co., Ltd.
City

Company
sharing
AEON Hakata-ku,
same
KYUSHU Fukuoka
parentCo., Ltd.
City
company

General (Ownership)
3,144 merchandise Direct 0.5
store
Indirect ─Relation withrelated parties

Transaction
amount(millions of
yen)

Item

Sales

42,397

Accounts
receivable

6,636

Sales

8,096

Accounts
receivable

856

Notes
receivable20

Accounts
receivable

931

Nature oftransactions

Subcontracting of facility
management, security,
cleaning, construction
work, and other
Business
services, and sales oftransactions
materials, and operating
vending machines
Concurrent directorships
Subcontracting of facility
management, security,
cleaning, construction
Businesswork, and othertransactions
services, and sales ofmaterials, and operating
vending machines
Concurrent directorships
Subcontracting of facility
management, security,
cleaning, construction
Businesswork, and othertransactions
services , and sales ofmaterials, and operating
vending machines

Sales

5,481

Balance at
year-end(millions ofyen)

Terms of transaction and policy on determination of terms of transaction, etc.
Pricing and other terms of transaction for relevant parties are the same as those for other parties
who are not related to the Company.
Note: Consumption taxes, etc. are not included in the transaction amount, but are included in thebalance at year-end.
23

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

Fiscal year ended February 29, 2012 (from March 1, 2011 to February 29, 2012)
1. Transactions with related parties
Transactions between reporting company and related parties(a) Parent companies and principal shareholders (limited to corporations) of the reporting company
Type

Parentcompany

Otheraffiliates(Parent
Name ofCapitalcompany’s)
Business lines/
company, Address (millions
ownership of
occupationetc.
of yen)voting rights,
etc. (%)

AEON
Co.,
Ltd.

Mihamaku,
199,054
Chiba
City

Relation withrelated parties

Nature of transactions(Parent
Deposits ofcompany’s subsidiaries andPure holding
ownership) affiliatescompany
Direct 17.4 Concurrent
Indirect 44.4 directorships

Deposits ofsubsidiaries
andTransactions
affiliates*1
other
than
Return ofbusiness
deposits oftransactions
subsidiaries
andaffiliates*1

Subcontracting offacility
management,(Parent
security, cleaning,
Mihamacompany’s
construction work,
AEON
Generalku,
RETAIL489,700 merchandise ownership) sales of materials,
Chiba
Direct 44.4 operating vendingCo., Ltd.
store
City
─ machines, andIndirectother services
Concurrent
directorships

Businesstransactions

Transaction
amount(millions of
yen)

Item

Balanceat yearend(millionsof yen)Deposits ofsubsidiaries
and affiliates

27,320150,420

142,020

Notes
receivable
Sales

2,267

72,540Accounts
receivable

7,993

Note: AEON RETAIL Co. Ltd. became “other affiliate” as the result of the merger with MYCAL Corp. on
March 1, 2011.
Terms of transaction and policy on determination of terms of transaction, etc.
Pricing and other terms of transaction for relevant parties are the same as those for other parties
who are not related to the Company.
Notes: *1 Interest rates on deposits of subsidiaries and affiliates are decided rationally byconsidering market rates.
*2
Consumption taxes, etc. are not included in the transaction amount, but are included in thebalance at year-end.
(b) Companies that share the same parent company with the reporting company and subsidiaries ofother affiliates of the reporting company
Type

Name ofCapitalcompany, Address (millions
etc.
of yen)Businesslines/
occupation(Parent
company’s)
ownership ofvoting rights,
etc. (%)

Nature of transactions

Transaction
amount(millions ofyen)

Subcontracting of facility
Indirect ─ management, security,
cleaning, construction work, Business(Parent
Sales
company’s sales of materials, operating transactions
ownership) vending machines, and other
Direct 0.2 services

8,424

Relation withrelated parties

Item

Balance at
year-end(millionsof yen)(Ownership)
Direct 0.4
Company
Mihamasharing
AEON
ku,
same
MALL
16,683Chiba
parentCo., Ltd.
City
company

Shopping
centerIndirect

Accounts
receivable929

─

Terms of transaction and policy on determination of terms of transaction, etc.
Pricing and other terms of transaction for relevant parties are the same as those for other parties
who are not related to the Company.
Note: Consumption taxes, etc. are not included in the transaction amount, but are included in thebalance at year-end.
2. Notes on Parent Companies or Important Affiliates(1) Parent company information: AEON Co., Ltd. (Listed on the Tokyo Stock Exchange)(2) Summarized financial information of important affiliates: None24

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(Per share information)(yen)Year Ended February 28, 2011
(from March 1, 2010 to February 28, 2011)
Net assets per share
Net income per share
Net income per share (diluted)

Year Ended February 29, 2012
(from March 1, 2011 to February 29, 2012)

1,005.62 Net assets per share
142.56 Net income per share

1,095.59
131.81

142.28 Net income per share (diluted)

131.52

Notes: Basis for calculation
1. Net assets per share
Year Ended
Feb. 28, 2011
As of Feb. 28, 2011

Year Ended
Feb. 29, 2012
As of Feb. 29, 2012

Total net assets (millions of yen)

52,88758,182

Net assets attributable to common stock(millions of yen)

52,73857,463

Subscription rights

149

173

Minority interests－

545

54,16954,169

1,726

1,720

52,44352,449

Breakdown of difference (millions of yen)Amount of common stock outstanding(thousands of shares)
Amount of common stock in treasury(thousands of shares)
Amount of common stock used to calculate
net assets per share (thousands of shares)

2. Net income per share and net income per share (diluted)
Year Ended
Feb. 28, 2011
(March 1, 2010 Feb. 28, 2011)
Net income (millions of yen)
Net income attributable to common stock(millions of yen)
Average amount of common stock
outstanding during the year (thousands ofshares)Breakdown of increase in amount ofcommon stock used to calculate net
assets per share (diluted) (thousands ofshares)Subscription rights(Significant Subsequent Events)
None

25

Year Ended
Feb. 29, 2012
(March 1, 2011 Feb. 29, 2012)

6,495

6,912

6,495

6,912

45,56452,443

94

117

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

5. Financial Statements(1) Balance Sheet(millions of yen)
Year Ended Feb. 28, 2011
(As of Feb. 28, 2011)

Year Ended Feb. 29, 2012
(As of Feb. 29, 2012)

10,932
1,792
25,361
1,347
60
1,052
353
1,132

6,011
4,099
24,754
1,185
98
1,097
390
1,293

100

615

17

245

18,920
95
158
(225)

27,320
190
177
(652)

61,10066,828

1,419
(548)

1,448
(597)

870

851

3,919
(3,677)

3,836(3,610)

241

226

10
(9)

5
(4)

1

0

6,028
(4,384)

5,519(4,071)Tools, furniture and fixtures, net

1,644

1,448

Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Other
Total property, plant and equipment

89
22
(9)
12
―
139
3,000

89
22
(14)
7
1
85
2,710

AssetsCurrent assets
Cash and deposits
Notes receivable-trade
Accounts receivable-trade
Merchandise
Raw materials and supplies
Advance payments-trade
Prepaid expenses
Deferred tax assets
Short-term loans receivable fromsubsidiaries and affiliates
Long-term loans receivable fromsubsidiaries and affiliates due within one
year
Deposit of subsidiaries and affiliates
Accounts receivable-other
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Machinery for area control
Accumulated depreciation
Machinery for area control, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation

26

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(millions of yen)
Year Ended Feb. 28, 2011
(As of Feb. 28, 2011)

Year Ended Feb. 29, 2012
(As of Feb. 29, 2012)

10,34718921
79
311,370

9,666
19
159
79
2
9,927

2,380
3,607
1

2,163
5,256
1

161

161

38

36

―

840

136

165

92
583
617
(188)

176
537
363
(216)

7,431

9,487

21,80322,12682,903

88,954

993

1,711

―

4,848

21,876
5
2,629
97
2,466
313
96
1,064
660

16,864
5
3,101
105
3,301
364
154
946
648

87

78

46

31

30,33732,163

Intangible assets
Goodwill
Right of trademark
SoftwareTelephone subscription right
Other
Total intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital
Investments in capital of subsidiaries andaffiliates
Long-term loans receivable
Long-term loans receivable fromsubsidiaries and affiliates
Claims provable in bankruptcy, claims
provable in rehabilitation and other
Long-term prepaid expenses
Guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes payable-trade
Electronically Recorded Monetary
Obligations
Accounts payable-trade
Lease obligations
Accounts payable-otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Advances received
Deposits received
Provision for bonuses
Provision for directors’ reward of businessperformance
Other
Total current liabilities

27

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(millions of yen)
Year Ended Feb. 28, 2011
(As of Feb. 28, 2011)

Year Ended Feb. 29, 2012
(As of Feb. 29, 2012)

8
407
49

3
265
33

465

302

30,802

32,466

3,238

3,238

2,963
16,4182,963
16,42919,381

19,393

395

395

7,120
21,6097,120
25,95929,12533,475

(461)

(460)

51,28255,645

Noncurrent liabilities
Lease obligations
Deferred tax liabilities
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surpluses
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments

668

668

668

668

Subscription rights to shares

149

173

52,10056,48882,903

88,954

Total net assets
Total liabilities and net assets

28

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012(2) Statement of Income(millions of yen)
Year Ended
Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended
Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

Net sales
Cost of sales

161,026
140,024

201,501
177,658

Gross profit

21,002

23,842

Selling, general and administrative expenses

9,943

11,264

Operating income

11,058

12,578

55
0
274
50

104
0
234
10

380

349

2
50
31
16
7

2
50
33
25
94

108

206

11,33012,721Gain on sales of investment securities

3－

Gain on sales of memberships

1－

Reversal of provision for directors’ bonuses―

15

Total extraordinary income

5

15

724
181
151
―
―
41

―
―
―
379
428
30

Total extraordinary losses

1,099

838

Income before income taxes

10,236

11,898

Income taxes-current
Income taxes-deferred

4,336
(129)

5,426
(80)

Total income taxes

4,206

5,345

Net income

6,029

6,552

Non-operating income
Interest income
Interest on securities
Dividends income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on cancellation of company housing
Loss on retirement of noncurrent assets
Compensation for accident expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income

Extraordinary loss
Management integration expenses
Welfare expenses for prior periods
Loss on liquidation of subsidiaries and affiliates
Losses on disasters
Provision for doubtful accounts
Other

29

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012(3) Statements of Changes in Shareholders’ Equity(millions of yen)
Year Ended
Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended
Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

3,238

3,238

―

―

3,238

3,238

2,963

2,963

―

―

2,963

2,963

641

16,4185
15,77011―

Total changes of items during the period
Balance at the end of current period
Total capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Increase by merger

15,776
16,41811
16,4293,605

19,381

5
15,77011―

Total changes of items during the period
Balance at the end of current period
Retained earnings
Legal retained earnings
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period

15,776
19,381

11
19,393

395

395

―

―

395

395

7,120

7,120

―

―

7,120

7,120

16,84921,609

Shareholders' equity
Capital stock
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Capital surplus
Legal capital surplus
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Other capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Increase by merger

Balance at the end of current period
Other retained earnings
General reserve
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Retained earnings brought forward
Balance at the end of previous period

30

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(millions of yen))

Year Ended
Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended
Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)(1,269)6,029(2,202)
6,552

4,759

4,350

21,60925,95924,36529,125(1,269)6,029(2,202)
6,552

Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Increase by merger

4,759
29,1254,350
33,475

(461)

(461)

(1)
1
(0)

(0)
1
―

Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Increase by merger

(0)
(461)

1
(460)

30,746

51,282(1,269)6,029(1)
615,770(2,202)
6,552
(0)
13
―

Total changes of items during the period
Balance at the end of current period

20,536
51,282

4,363
55,645

Changes of items during the period
Dividends from surplus
Net income
Total changes of items during the period
Balance at the end of current period
Total retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income

31

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Increase by merger
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

32(millions of yen))

Year Ended
Feb. 28, 2011
(March 1, 2010 –Feb. 28, 2011)

Year Ended
Feb. 29, 2012
(March 1, 2011 –Feb. 29, 2012)

159

668

508

0

508
668

0
668

159

668

508

0

508
668

0
668

110

149

38

24

38

24

149

173

31,01652,100(1,269)6,029(1)
615,770547(2,202)
6,552
(0)
13
―
24

21,083
52,1004,387
56,488

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results
for the Fiscal Year Ended February 29, 2012

(4) Note on the going concern assumption: None
6. Other Remarks
Change in representative director
Refer to the “Adoption of Executive Officer System and the Selection of Officer Candidates”
published today.

33