Summary Report of Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending February 28, 2013
(Based on Japanese Accounting Standards)
October 3, 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 for filing ofquarterly financial statements:

Planned date forcommencement ofdividend payments:

October 12, 2012

November 9, 2012

Preparation of Supplementary Materials to Quarterly Financial Results: Yes
Quarterly Earnings Briefing: Yes (for institutional investors and analysts)(Amounts of less than one million yen have been rounded down.)

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

Net Sales
Six months ended
August 31, 2012
Six months ended
August 31, 2011

Operating Income

Millions of yen％

126,771

15.3

7,113

2.9

109,950

59.6

6,915

37.7

Note: Comprehensive income

Ordinary Income％

Millions of yen

Six months ended August 31, 2012
Six months ended August 31, 2011

Net Income per
Share

Diluted Net Income
per Share

Yen

Yen

75.21

75.00

70.86

70.71

Six months ended
August 31, 2012
Six months ended
August 31, 2011

Net Income％

Millions of yen

％

7,124

2.1

3,944

6.2

6,974

38.0

3,716

34.1

Millions of yen

3,955 million yen / 9.6%
3,609 million yen / - %(2) Consolidated Financial Position

Total Assets
As of August 31, 2012
As of Feb. 29, 2012
(Reference) Shareholders’ equity

Shareholders’Equity Ratio

Net Assets

Millions of yen

Millions of yen％

105,478
92,80961,111
58,182

57.2
61.9

As of August 31, 2012
As of February 29, 2012

60,351 million yen
57,463 million yen

2. Dividends
Annual dividends
End of the
1st QuarterEnd of the
2nd QuarterEnd of the
3rd Quarter

Yen

Yen

Yen

Yen

Yen

-

20.00

40.00

-

23.00

46.00

Year Ended February 29, 2012
20.00
Year Ending February 28, 2013
23.00
Year Ending February 28, 2013
(Forecast)
Note: Adjustments from the most recently released dividend forecast: None

Year-endTotal

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.)

Operating
IncomeNet sales
Millions ofyenFull year％

260,000

18.3

Millions ofyen

16,600Ordinary
IncomeNet Income

Net Income
per Share％

Millions ofyen％Millions of
yen

％

Yen

20.6

16,600

20.4

8,700

25.9

165.87

Note: Adjustments from the most recently released consolidated results forecast: None

* Notes(1)

Changes in significant subsidiaries during the consolidated quarter under review: None(2)

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

Changes in accounting policies, changes in accounting estimates, and restatements
1)
Change arising from revisions of accounting standards: Yes
2)
Change due to reasons other than those described in “1)” above: None(4)

Number of shares outstanding (common stock)1) Number of shares
outstanding at end of
period (including
treasury stock)

As of August 31, 2012

54,169,633
shares

As of February 29, 2012

54,169,633
shares2) Number of treasury
stock at end of period

As of August 31, 2012

1,710,556
shares

As of February 29, 2012

1,720,051
shares3) Average number ofshares outstanding(quarterly cumulative)

Six months ended
August 31, 2012

52,452,231
sharesSix months ended
August 31, 2011

52,440,410
shares* Items related to the conduct of quarterly review procedures
These quarterly financial results are not subject to quarterly review based on the Financial
Instrument and Exchange Act, and a quarterly review on the quarterly consolidated financial
statements was being conducted at the time these quarterly financial results were disclosed.
* Information concerning proper use of financial forecasts and other special instructions
Forward-looking statements such as financial forecasts contained in these materials are based on
certain assumptions judged to be reasonable and on the information available when the forecasts
were made. However, the Group makes no guarantee that these forecasts will be achieved, andactual performance may significantly differ due to a variety of factors. Please refer to “Qualitative
Information on Consolidated Financial Forecast” on page 5 of Attached Materials for information
concerning the assumptions used for financial forecasts and the proper use of financial forecasts.

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

 Attached Materials Contents
1. Qualitative Information on Current Quarterly Consolidated Performance ..................................... 2(1) Qualitative Information on Consolidated Operating Results .................................................... 2(2) Qualitative Information on Consolidated Financial Position..................................................... 4(3) Qualitative Information on Consolidated Financial Forecast ................................................... 5
2. Summary information on other matters ......................................................................................... 5(1) Changes in significant subsidiaries during the consolidated quarter under review ................. 5(2) Application of accounting methods that are specific to the preparation of quarterly
consolidated financial statements ............................................................................................ 5(3) Changes in accounting policies, changes in accounting estimates, and restatements .......... 5(4) Additional information ............................................................................................................... 5
3. Quarterly Consolidated Financial Statements ............................................................................... 6(1) Quarterly Consolidated Balance Sheet .................................................................................... 6(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statements ofComprehensive Income ........................................................................................................... 8
Quarterly Consolidated Statement of Income .......................................................................... 8
Quarterly Consolidated Statements of Comprehensive Income ............................................. 9(3) Quarterly Consolidated Statements of Cash Flow (cumulative) ............................................ 10(4) Note on the Going Concern Assumption................................................................................ 11(5) Note on Significant Changes in Shareholders’ Equity ........................................................... 11(6) Significant subsequent events................................................................................................ 111

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

1. Qualitative Information on Current Quarterly Consolidated Performance(1) Qualitative Information on Consolidated Operating Results
During the second quarter of the current consolidated fiscal year (March 1, 2012 to August 31,2012), the Company aimed to achieve further growth in our Comprehensive Facility
Management Service (Comprehensive FMS) by conducting aggressive sales activities mainly inthree markets targeted in our medium-term business plan: the major urban area market, theenvironmental load reduction market, and the Asian market.
(A) Major initiatives during the second quarter of the current consolidated fiscal year
a. Selected as a BEMS aggregator
In April, the Company was selected as a BEMS aggregator*1 in the subsidy for the project topromote the introduction of an energy management system (a BEMS adoption project)conducted by the Sustainable Open Innovation Initiative, an affiliated organization of the
Agency for Natural Resource and Energy, the Ministry of Economy, Trade and Industry. For
this business, a sales framework has been constructed in which A to Z Service Co., Ltd.,
which provides total management of small-scale facilities within the Group, is positioned as
the BEMS vendor.
During the second quarter of the current consolidated fiscal year (March 1, 2012 to August 31,2012), the Group managed to acquire a total of 174 contracts, including contracts withdomestic offices of a major insurance company and AEON Group supermarkets, as a resultof aggressive proposals of BEMS adoption plans for small-scale facilities.
*1: BEMS aggregators are energy use information managers who manage and support
energy savings by introducing BEMS (Building Energy Management Systems) for lowvolume, high-voltage energy consumers, such as those in small and medium-sizedbuildings, that visualize building energy use, as well as by installing centralized
systems for managing energy through cloud computing, etc.
b. Increase in energy-saving-related construction work
We were able to fully respond to the increased demand for energy-saving-related
construction work as the market expanded due to a greater social awareness towards
electricity-saving. As a result, sales in the energy-saving-related construction work business,
including the installation of LED lighting, increased significantly year on year by 553.2%. In
the future, we will leverage our LED installation and other energy-saving related construction
work track record within the AEON Group in aggressive sales activities aimed at acquiring
more contracts from customers outside the AEON Group as well.
c. Further expansion of business in China
To accelerate the further expansion of the comprehensive FMS business in China, as part of
the area strategy the Group’s subsidiary AEON DELIGHT (BEIJING) CO.,LTD. establishedthe joint venture Aeon Delight Teda (Tianjin) Comprehensive Facility Management Service
Co., Ltd. in August with TIANJIN TEDA ENERGY ENGINEERING&TECHNOLOGY CO.,LTD., a pioneer in energy-savings and renewable energy development. TIANJIN TEDAENERGY ENGINEERING&TECHNOLOGY CO., LTD located in the Tianjin EconomicTechnological Development Area, a subsidiary of Tianjin TEDA Group Company Ltd., thelargest state-run developer conglomerates in Tianjin, China. With this development we plan
to further promote firmly rooted local business deployment and leverage our strong
competitive advantage in the Chinese domestic environmental business to expand the scaleof our business.
In terms of organic growth in China, new contracts were acquired with 13 stores within the
AEON Group, thanks to our hospitality-rich service and solid technical skills that were
fostered in Japan. In terms of new developments outside the AEON Group, we started toprovide new services including contracts for comprehensive FMS consulting services at aJapanese-affiliated factory in Jiangsu and for comprehensive FMS services at a state-run
shopping center in Beijing.
As a result, the Group is steadily expanding its business in China, as it nearly doubled thenumber of contracts it has in China during the second quarter of the current fiscal year,
bringing the total to 33 properties.
2

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

d. Expanding business in the ASEAN countries
Based on the Group's growth strategy in the Asian market, a preparatory company wasestablished in Malaysia during March 2012 to advance the expansion of our business in the
ASEAN region. As we aim to commence business within the fiscal year, we have madeefforts to obtain business licenses and establish a local subsidiary.
In addition, the Group is taking steps in an aim to obtain business licenses and establish a
local subsidiary in Vietnam in November 2012, ahead of its Malaysia business.
e. Decision to establish a new company in the BPO businessAs a new form of comprehensive FMS business, Vinculum Japan, the TOTYU CO., LTD.,and the AEON DELIGHT Group decided to form a joint venture company aimed at entering
the BPO (business process outsourcing) market in China. BPO businesses allow companies
to strengthen their competitive strength by outsourcing mainly non-core operations such as
general affairs, personnel, accounting, social welfare, telephone support, and systems
operations. We are working towards commencing operations in October.
We promote BPR (business process re-engineering) within the Group, and by first
implementing measures aimed at optimizing our own administrative department, we aim toachieve both significant administrative cost reductions throughout the Group and advance theestablishment of our BPO business.
(B) New contracts
As the result of aggressively promoting solution-oriented sales in response to the digital shift
in society underpinned by the promotion of IT with the increased use of cloud computing andthe adoption of tablet devices, we are now providing our services to facilities of various uses,
including all Japanese domestic facilities of a major foreign bank, a national university in acity designated by government ordinance, regional governmental offices, and resort hotels.
(C) Overview of our major businesses during the second quarter of the current consolidated
fiscal year
1) In the facilities management business, net sales decreased year on year to 21,124
million yen (99.2% year-on-year). We will continue with current initiatives aimed at
improving profitability through further improvements to patrol-style facilities management
efficiency and expanding our BEMS aggregator business further through aggressive
proposals of BEMS adoption plans.
2) In the security services business, net sales decreased year on year to 15,807 million yen(97.6% year-on-year). To improve profitability we will adjust outsourcing contract prices
properly and promote our “Attender Service,” a comprehensive reception service, andour concentrated monitor camera system (cockpit-style) that achieves drastic
improvements in security accuracy through simultaneous confirmation and facerecognition of visitors using a combination of human guards and mechanical security
systems to monitor images from over 100 monitor cameras.
3) In the cleaning services business, net sales increased year on year to 20,206 million yen(101.9% year-on-year). We will work to acquire new contracts through the introduction of
the Group’s newly developed, original floor coating agent. We will increase contracts
with large commercial facilities, one of the Group’s core client groups, as well as
aggressively conduct sales proposals to strategically targeted hospitals and nursing carefacilities that require specialized know-how, based on the perspective of providing a
comfortable space rather than simply a clean location as has been done conventionally.
4) In the construction work business, net sales increased significantly year on year to29,965 million yen (214.5% year-on-year). We were able to fully respond to demand forenergy-saving-related construction work, such as the installation of LED lighting, as well
as demand for renovation work, particularly among AEON Group companies. In the3

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

future, we will leverage our LED installation and energy-saving-related construction work
track record in aggressive sales activities aimed at acquiring more contracts from
customers outside the AEON Group as well.
5) In the materials/supplies sourcing services business, net sales increased year on year to
19,294 million yen (104.8% year-on-year). We will strive to improve profits by increasing
sales of automation equipment, such as 5-yen copy machines, and expanding ouruniform rental business including white coats.
6) In the vending machine services business, net sales decreased year on year to 16,079
million yen (97.0% year on year). We will work to strengthen sales by continuing withmeasures to deploy energy-saving vending machines and vending machines that
support digital money, as well as developing machines with high value-addedfunctionality, such as digital signage vending machines. In addition, we will work to
improve profits by exploiting our strength of having business locations across thecountry to promote sales activities finely tuned to local area characteristics, such as
having individual branches conduct new location-based development .
7) In the support businesses, net sales increased significantly year on year to 4,290 million
yen (117.9% year-on-year). While expanding provision of cash transport services thatare essential for the management and operations of commercial facilities, we haveworked to develop a new business service menu in response to market needs, such as
the steps that are being taken towards the construction of a comprehensive cash
management service.
(D) Results of Operation
As a result of these developments, net sales of 126,771 million yen (115.3% year on year)
were posted for the second quarter of the current consolidated fiscal year. The gross profit
margin was down 1.4% year on year due to factors including an increase in the cost of goods
ratio in LED work, while selling, general and administrative expenses were up 103.7% year
on year due to costs associated with developing markets in China and ASEAN countries andincreasing headcounts in the fields of environmental services and facilities, as well as
aggressive prior investments in the growth fields of IT and the environment. As a result,operating income was 7,113 million yen (102.9% year on year), ordinary income was 7,124
million yen (102.1% year on year), and net income for the second quarter of the current
consolidated fiscal year was 3,944 million yen (106.2% year on year).
(2) Qualitative Information on Consolidated Financial Position
Total assets as of August 31, 2012 increased by 12,668 million yen (13.7%) compared with thebalance at the end of the previous fiscal year to 105,478 million yen.
This was attributable mainly to a decrease of 1,094 million yen in cash and deposits, an increaseof 15,353 million yen in notes and accounts receivable-trade, an increase of 587 million yen inmerchandise, a decrease of 2,600 million yen in deposit of subsidiaries and affiliates, and adecrease of 550 million yen in amortization of goodwill.
Liabilities as of August 31, 2012 increased by 9,739 million yen (28.1%) compared with thebalance at the end of the previous fiscal year to 44,366 million yen. This increase is attributable
mainly to an increase of 8,900 million yen in notes and accounts payable-trade, an increase of
3,101 million yen in provision for bonuses, and a decrease of 9,501 million yen in income taxes
payable.
Net assets as of August 31, 2012 increased by 2,928 million yen (5.0%) compared with thebalance at the end of the previous fiscal year to 61,111 million yen. This increase is attributable
mainly to an increase of 3,944 million yen in retained earnings due to posting of net income for thesecond quarter, and a decrease of 1,048 million yen in retained earnings due to dividend
payments.
As a result, the shareholders’ equity ratio as of August 31, 2012 decreased by 4.7% to 57.2%,
compared to 61.9% at the end of the previous fiscal year.

4

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

Cash FlowsThe balance of cash and cash equivalents (hereinafter referred to as “cash”) as of August 31,
2012 decreased by 874 million yen (9.5%) compared to the balance at the end of the previous
fiscal year to 8,304 million yen.
Summarized below are cash flows and their underlying factors for the second quarter of thecurrent fiscal year.
(Cash flows from operating activities)
Net cash used in operating activities during the second quarter of the current fiscal year was
1,600 million yen. The major factors contributing to the net cash outflow were an increase of
7,084 million yen due to posting of income before income taxes and minority interests, anincrease of 1,070 million yen due to posting of depreciation and amortization as well as
amortization of good will, a decrease of 15,894 million yen due to an increase in notes andaccounts receivable-trade, an increase of 10,786 million yen due to an increase in notes andaccounts payable-trade and a decrease of 3,571 million yen due to income tax payments.
(Cash flows from investing activities)
Net cash provided by investing activities during the second quarter of the current fiscal year
was 1,887 million yen. The major factors behind the net cash inflow were an inflow of 2,600
million yen for payment for/collection of deposits of subsidiaries and affiliates, and an outflow
of 892 million yen for acquisition of property, plant and equipment and intangible fixed assets.
(Cash flows from financing activities)
Net cash used in financing activities during the second quarter of the current fiscal year was
1,119 million yen. The major factor contributing to the net cash outflow was dividend paymentsof 1,049 million yen.
(3) Qualitative Information on Consolidated Financial Forecast
Regarding its earnings projection for the fiscal year ending February 28, 2013, AEON DELIGHT’s
forecast released on April 12, 2012 remains unchanged.

2. Summary information on other matters(1) Changes in significant subsidiaries during the consolidated quarter under review
None.
(2) Application of accounting methods that are specific to the preparation of quarterly consolidated
financial statements
None.
(3) Changes in accounting policies, changes in accounting estimates, and restatements(Application of accounting standard related to net income per share)
The Accounting Standard for Earnings Per Share (ASBJ Statement No. 2, June 30, 2010) and
its Implementation Guidance (ASBJ Guidance No. 4, June 30, 2010) have been applied to thecalculation of quarterly diluted net income per share from the first quarter of the current
consolidated fiscal year. Note that the application of these accounting standards will have nomaterial effect.
(4) Additional information
The Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No.
24, December 4, 2009) and its Implementation Guidance (ASBJ Guidance No. 24, December 4,2009) have been applied to accounting changes and corrections of errors that occurredfollowing the beginning of the first quarter of the current consolidated fiscal year.

5

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet
Fiscal Year Ended Feb. 29,
2012 (As of Feb. 29, 2012)(millions of yen)First six months of
FY2013 ended August
31, 2012

AssetsCurrent assets
Cash and deposits

9,707

8,612

Notes and accounts receivable-trade

31,24046,593Merchandise

1,213

1,801

Deposit of subsidiaries and affiliates

27,32024,720

Other

3,663

3,887

Allowance for doubtful accounts

(657)

(114)

72,48685,499

1,217

1,060

284

282

Other, net

2,271

2,365

Total property, plant and equipment

3,773

3,709

Goodwill

11,24910,699

Other

1,022

1,226

Total intangible assets

12,272

11,925Investment securities

2,577

2,552

Other

1,924

1,993

Allowance for doubtful accounts

(224)

(202)

Total investments and other assets
Total noncurrent assets

4,276
20,32292,8094,344
19,978105,478

Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Land

Intangible assets

Investments and other assets

Total assets

6

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

Fiscal Year Ended Feb. 29,
2012 (As of Feb. 29, 2012)(millions of yen)First six months of
FY2013 ended August
31, 2012

Liabilities
Current liabilities
Notes and accounts payable-trade

18,872

27,773

Electronically recorded monetary obligations

4,848

6,374

25

―

10

10

Short-term loans payable
Current portion of corporate bonds payable due
within one year
Current portion of long-term loans payable

6―

Income taxes payable

3,714

2,762

Provision for bonuses

797

1,108

Provision for directors' bonuses

120

35

Other

5,248

4,945

Total current liabilities

33,64343,370Noncurrent liabilities
Corporate bonds payable

15

10Provision for retirement benefits

507

511

Provision for directors' retirement benefits

152

137

Other

308

336

Total noncurrent liabilities

983

996

34,62644,366

Total liabilities
Net assets
Shareholders' equity
Capital stock

3,238

3,238

Capital surplus

18,75318,766

Retained earnings

35,28538,181

(460)

(458)

56,81659,727

Valuation difference on available-for-sale securities

665

654

Foreign currency translation adjustment

(18)

(29)

Total accumulated other comprehensive income

647

624

Subscription rights to shares

173

209

Minority interest

545

550

Total net assets

58,182

61,11192,809105,478

Treasury stock
Total shareholders' equity
Accumulated other comprehensive income

Total liabilities and net assets

7

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statements ofComprehensive Income
Quarterly Consolidated Statement of Income(First six months of FY2013 (March 1, 2012 – August 31, 2012))
First six months of
FY2012(March 1, 2011 –August 31, 2011)(millions of yen)First six months of
FY2013(March 1, 2012 –August 31, 2012)

Net sales
Cost of sales

109,950
95,444

126,771
111,789

Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Gain on maturity of insurance contract
Other
Total non-operating income
Non-operating expenses
Interest expenses
Adjustment of labor insurance expenses
Compensation for accident expenses
Loss on retirement of noncurrent assets
Equity-method investment losses
Other

14,506
7,590
6,915

14,982
7,869
7,113

46
27
84
21
181

59
29
33
13
135

2
13
13
11
13
67

2
21
6
27
65

Total non-operating expenses
Ordinary income
Extraordinary income
Marginal gain on step acquisition
Reversal of provision for directors’ bonuses

122
6,974

124
7,124

56
17

-

Total extraordinary income
Extraordinary loss
Loss on valuation of investment securities
Losses on disasters
Provision for doubtful accounts
Head office functions transfer expenses
Other

73

-

300
145
32

20
19
-

477
6,570
2,759
21
2,781
3,789
73
3,716

39
7,084
2,674
430
3,105
3,978
33
3,944

Total extraordinary losses
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Net income before minority interests
Minority interests in income
Net income

8AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

Quarterly Consolidated Statements of Comprehensive Income(First six months of FY2013 (March 1, 2012 – August 31, 2012))(millions of yen)First six months of
FY2013(March 1, 2012 –August 31, 2012)

First six months of
FY2012(March 1, 2011 –August 31, 2011)

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

3,789

3,978

(181)

(11)

2

(10)

(179)

(22)

3,609

3,955

Comprehensive income attributable to parent company

3,536

3,922

Comprehensive income attributable to minority interests

73

33

Comprehensive income(Details)

9

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013(3) Quarterly Consolidated Statements of Cash Flow (cumulative)(millions of yen)First six months of
FY2012(March 1, 2011 –August 31, 2011)

First six months
of FY2013(March 1, 2012 –August 31, 2012)

6,570
588
519
302
15

7,084
520
550
311
4

(7)

(15)

(74)
2
(3,262)
(93)
1,686
(435)
(230)
64
5,645
60
(2)
(2,819)
2,883

(88)
2
(15,894)(652)
10,786
(494)
(87)
(140)
1,887
86
(2)
(3,571)(1,600)

(260)
270

(410)
430

Purchase of property, plant and equipment and intangible fixed assets

(590)

(892)

Proceeds from sales of property, plant and equipment
Purchase of investments in subsidiaries resulting in change inscope of consolidation

21

167

(1,116)-365-

Payments for deposit of subsidiaries and affiliates
Collection of deposit of subsidiaries and affiliates
Other, net
Net cash provided by (used in) investment 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
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(72,520)
72,220(70)(1,680)(69,520)
72,120
(7)
1,887

96
(462)
(1,156)(44)(1,566)2(361)
12,317(25)(6)(1,049)(38)(1,119)
(42)
(874)
9,179

Cash and cash equivalents at end of period

11,956

8,304

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 benefits
Interest and dividends income
Interest expenses
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-other
Decrease (increase) in accounts receivable-other
Other, net
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) investment activities
Proceeds from withdrawal of time deposits
Payments into time deposits

Proceeds from purchase of investments in subsidiaries resulting
in change in scope of consolidation

10

AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013(4) Note on the Going Concern Assumption
First six months of the year ending February 28, 2013 (March 1, 2012 –August 31, 2012)
None(5) Note on Significant Changes in Shareholders’ Equity
First six months of the year ending February 28, 2013 (March 1, 2012 – August 31, 2012)
None(6) Significant subsequent events
1. AEON COMPASS CO., LTD.
At the Meeting of the Board of Directors held on September 28, 2012, it was decided tounderwrite a capital increase through third-party allocation conducted by AEON COMPASS andmake AEON COMPASS a subsidiary of the Group.
(1) Name, description of business, and scale of acquired company
1) Name of acquired company
AEON COMPASS CO., LTD.
2) Description of business of acquired company
Provision of overseas and domestic travel services
3) Scale of acquired company (as of February 20, 2012)
Capital: 98 million yen
Operating income: 1,736 million yen
Net income: 12 million yen
Total assets: 2,166 million yen
Net assets: 282 million yen(2) Main reason for share acquisition
The AEON DELIGHT Group conducts a comprehensive FMS business, consisting of total
management of the non-core business for customer companies. Combining the AEON
DELIGHT Group’s corporate customer base and AEON COMPASS’s planning capabilities
will enable the prompt commercialization of BTM*1 and MICE*2 businesses, which areimportant parts of service menus for administrative operations, and also provide an
opportunity to gain an advantageous position in responding to the wide range of needs
related to corporate travel. The acquisition will allow both companies to consolidate their
management resources and get the maximum leverage out of the Group’s assets for the
purpose of developing an even higher-evolved tourism business from the customer’s
perspective. We have acquired AEON COMPASS’s shares in order to achieve these goals.
(3) Date of inclusion in scope of consolidation as a subsidiary: October 10, 2012
(4) Number of shares acquired, acquisition price, and ratio of voting rights acquired1) Number of shares acquired: 239,024 common shares
2) Acquisition price: 500 million yen
3) Ratio of voting rights acquired: 54.95%
Notes:*1
The BTM (business travel management) business is a system that provides overallmanagement of business trip-related operations through the comprehensive consignmentof the applicable tasks. The business offers direct cost reductions for items such as
airplane tickets and accommodation costs, the streamlining of administrative work related
to business expenses, strengthened internal control, and risk management.
*2
The MICE (meeting, incentive, convention, exhibition) business provides planning andoperations services for meetings (business meetings, training programs, and seminars),
incentive and reward tours, conventions and conferences (universities, academic,international conferences), and exhibitions.

11AEON DELIGHT CO., LTD. (9787)
Summary Report of Consolidated Financial Results for the Q2 FY2013

2. General Services, Inc.
At the Meeting of the Board of Directors held on September 28, 2012, it was decided to acquire
shares of General Services and make General Services a subsidiary of the Group.
(1) Name, description of business, and scale of acquired company
1) Name of acquired company
General Services, Inc.
2) Description of business of acquired company
Cross-border business process outsourcing (X-BPO) and business consulting3) Scale of acquired company (as of March 31, 2012)
Capital: 425 million yen
Sales: 314 million yen
Net loss: 14 million yen
Total assets: 325 million yen
Net assets: 116 million yen(2) Main reason for share acquisition
The AEON DELIGHT Group conducts a comprehensive FMS business, consisting of total
management of the non-core business for customer companies. The BPO (business process
outsourcing) market is expanding, which allows companies to increase their competitive
strength by outsourcing mainly non-core operations such as general affairs, personnel,
accounting, social welfare, telephone support, and systems operations. In response to theseneeds, the Group is working towards establishing a BPO business as part of its
comprehensive FMS business service menu. We have acquired the shares of General
Services, which is a pioneer in the BPO business field in Japan, in order to achieve thesegoals.
(3) Date of inclusion in scope of consolidation as a subsidiary and ratio of voting rights acquired
1) Date of inclusion in scope of consolidation as a subsidiary: October 31, 2012
2) Ratio of voting rights acquired: 51.01%

12