News Release: AEON DELIGHT CO., LTD.

(9787 TSE1)
May 10, 2019

Notice of Dividend of Surplus (Year-end Dividend)
At the Board of Directors meeting held today, AEON DELIGHT CO., LTD. resolved to submit a resolution to
the 46th Ordinary General Meeting of Shareholders to be held on May 30, 2019 regarding the payment ofdividends from retained earnings on February 28, 2019. Details are as follows.
1. Contents of dividends
Determined amount

Latest dividend forecast(Announced onJanuary 9, 2019)

Actual results for theprevious fiscal year(FY2/18)

Record DateFebruary 28, 2019Same as on the left

February 28, 2018

Dividend per Share

32 yen32 yen31 yenTotal dividends

1,597 million yen-

1,629 million yen

Effective date

May 31, 2019

-May 7, 2018

Dividend resource

Retained earnings-

Retained earnings[Special notes]
As described in "Notice of Discovery of Inappropriate Accounting at our Consolidated Subsidiary andPostponement of Announcement of Financial Results for the Fiscal Year Ended February 2019" dated April
5, 2019, it was found that that there is a possibility of inappropriate accounting made at our consolidated
subsidiary KAJITAKU CO., Ltd. (hereinafter “KAJITAKU”). As stated in the " Notice of Establishment ofSpecial Investigation Committee" dated April 11, 2019, we have established a special investigationcommittee consisting of external experts who do not have an interest in us and are conducting
investigations. We are currently cooperating fully with the investigation to clarify the situation, including theimpact on the consolidated financial position and consolidated results of operations for the fiscal year
ended February 2019. We would like to express our deepest apologies to our shareholders, investors andother stakeholders for their serious inconvenience and concern.
2. Reason
We strive to realize sustainable growth through aggressive investment, increase shareholder value overthe medium to long term, and increase returns to shareholders in line with corporate growth. Our basic
capital policy is to maintain stable dividends to shareholders based on a consolidated dividend payout ratioof 30%, while emphasizing return on equity (ROE) as an indicator of capital efficiency to achieve a balance
between growth investments and shareholder returns.
At this time, the consolidated financial position and results of operations for the fiscal year ending February
28, 2019 have yet to be determined. However, in accordance with the Company's basic capital policy ofmaintaining a stable dividend to shareholders, we have decided to pay a year-end dividend of 32 yen per
share for the fiscal year ended February 2019, increased by 1 yen from the year-end dividend for the1

previous fiscal year in line with our recent forecast, as an appropriation of retained earnings. Regardless of
the results of the investigation by the Special Investigation Committee, the above amount is considered tobe within the scope of the amount available for distribution under the Companies Act. This matter will bediscussed at the 46th Ordinary General Meeting of Shareholders to be held on May 30, 2019.

(Reference) Breakdown of annual dividend
Dividend per Share
Record Date

End of Q2

Year-end

Total

Current results

31 yen32 yen63 yen30 yen31 yen61 yenPrevious results(FY2/18)

2