Summary of Financial Results for the Second Quarter Ended August 31, 2021
[Japan GAAP] (Consolidated)
October 6, 2021 | ||
Company | AEON DELIGHT CO., LTD. | Listed on the TSE1 |
Stock Code | 9787 | URL: https://www.aeondelight.co.jp |
Representative | Kazumasa Hamada, President and CEO, Group CEO | |
Contact | Keiji Sagata, Managing Director, Group Strategy and ESG | T E L: +81-3-6895-3892 |
Expected date of filing of quarterly report: October 14, 2021 | Expected starting date of dividend payment: November 8, 2021 | ||||||||||
Preparation of quarterly supplementary financial document: Yes | |||||||||||
Quarterly results briefing: Yes (for institutional investors and analysts) | |||||||||||
1. Consolidated business results for the six months ended August 2021 | (Rounded down to million yen) | ||||||||||
(March 1, 2021 through August 31, 2021) | |||||||||||
(1) Consolidated results of operations | (% change from the previous corresponding period) | ||||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | ||||||||
owners of parent | |||||||||||
Six months ended Aug. 2021 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
163,907 | 9.5 | 8,427 | 12.4 | 8,489 | 13.2 | 5,557 | 40.9 | ||||
Six months ended Aug. 2020 | 149,734 | -4.9 | 7,500 | -12.7 | 7,496 | -13.4 | 3,943 | -23.9 | |||
(Note) Comprehensive income |
Six months ended August 2021: 5,957 million yen (56.2%)
Six months ended August 2020: 3,815 million yen (-25.6%)
Net income | Diluted net income per | |
per share | share | |
Six months ended Aug. 2021 | Yen | Yen |
111.14 | 111.04 | |
Six months ended Aug. 2020 | 78.90 | 78.81 |
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity | |||
ratio | |||||
As of Aug. 31, 2021 | Million yen | Million yen | % | ||
141,920 | 91,919 | 64.1 | |||
As of Feb. 28, 2021 | 136,565 | 88,281 | 64.0 | ||
(Reference) Shareholders' equity: | |||||
As of August 2021: 91,000 million yen | |||||
As of February 2021: 87,347 million yen |
2. Dividends
Annual dividend | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Year ended Feb. 2021 | - | 35.00 | - | 47.00 | 82.00 |
Year ending Feb. 2022 | - | ||||
Ordinary dividend | 37.00 | ||||
Commemorative dividend | 5.00 | ||||
Total | 42.00 | ||||
Year ending Feb. 2022 (forecast) | |||||
Ordinary dividend | - | 37.00 | 74.00 | ||
Commemorative dividend | - | 5.00 | 10.00 | ||
Total | - | 42.00 | 84.00 |
(Note) Revisions to dividend forecast for the current quarter: None
The commemorative dividend is paid in commemoration of the 15th anniversary of AEON DELIGHT.
3.Forecast of consolidated business results for the fiscal year ending February 2022
(March 1, 2021 through February 28, 2022) | (% change from the previous corresponding period) | ||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | Net income per | |||||
owners of parent | share | ||||||||
Year ending Feb. 2022 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen |
325,000 | 8.3 | 16,500 | 8.3 | 16,500 | 8.1 | 10,500 | -10.1 | 209.99 | |
(Note) Revisions to business forecast for the current quarter: None | |||||||||
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*Notes
-
Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): Yes
Excluded: 1 (General Services, Inc.)
(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Significant Notes (4) Notes on quarterly consolidated financial statements (Changes in significant subsidiaries during the period) on page 8 of this material. - Application of accounting procedures specific to preparation of the consolidated quarterly financial statements: None
- Changes in accounting policies, accounting estimates and restatement
① Changes in accounting policies associated with revision of accounting standards: ②Changes in accounting policies other than ①
③Changes in accounting estimates
④Restatement - Shares outstanding (common stock)
① Number of shares outstanding at the end of period (treasury stock included)
As of August 2021 | 54,169,633 shares |
As of February 2021 | 54,169,633 shares |
②Treasury stock at the end of period | |
As of August 2021 | 4,160,597 shares |
As of February 2021 | 4,167,473 shares |
③Average number of stock during period (quarterly cumulative period)
Six months ended August 2021 | 50,007,085 shares |
Six months ended August 2020 | 49,977,087 shares |
- None
- Yes
- None
- None
*Quarterly financial summary is not subject to the quarterly review procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions (Precautions regarding forward-looking statements)
Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company does not make promises about the achievements. Actual results may differ significantly from the forecasts due to various factors.
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2. Quarterly Consolidated Financial Statements and Significant Notes (Quarterly Consolidated Balance Sheets)
(Million yen) | |||
Previous Fiscal Year | Current Second Quarter | ||
(February 28, 2021) | (August 31, 2021) | ||
Assets | |||
Current assets | 59,048 | ||
Cash and deposits | 59,773 | ||
Notes and accounts receivable | 39,176 | 45,735 | |
Electronically recorded monetary claims | 3,182 | 4,924 | |
Inventories | 2,006 | 1,943 | |
Other | 6,082 | 6,398 | |
Allowance for doubtful accounts | -212 | -157 | |
Total current assets | 110,008 | 117,891 | |
Fixed assets | |||
Tangible fixed assets | |||
Buildings and structures, net | 1,671 | 1,283 | |
Tools, furniture and fixtures, net | 4,264 | 4,034 | |
Land | 2,000 | 1,432 | |
Other, net | 1,545 | 1,689 | |
Total tangible fixed assets | 9,481 | 8,440 | |
Intangible fixed assets | |||
Goodwill | 3,938 | 3,611 | |
Other | 1,579 | 1,858 | |
Total intangible fixed assets | 5,518 | 5,470 | |
Investments and other assets | |||
Investment securities | 3,960 | 3,724 | |
Other | 7,607 | 6,411 | |
Allowance for doubtful accounts | -11 | -17 | |
Total investment and other assets | 11,557 | 10,118 | |
Total fixed assets | 26,556 | 24,028 | |
Total assets | 136,565 | 141,920 |
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(Million yen) | |||
Previous Fiscal Year | Current Second Quarter | ||
(February 28, 2021) | (August 31, 2021) | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable-trade | 22,170 | 23,810 | |
Electronically recorded obligations - operating | 4,188 | 4,918 | |
Short-term borrowings | 299 | 373 | |
Income taxes payable | 1,147 | 1,959 | |
Provision for bonuses | 1,325 | 1,897 | |
Accrued directors' and corporate auditors' | 81 | 35 | |
remuneration | |||
Asset retirement obligations | 127 | 28 | |
Allowance for sales discounts | 130 | 119 | |
Other | 14,652 | 13,187 | |
Total current liabilities | 44,123 | 46,331 | |
Fixed liabilities | |||
Provision for directors' retirement benefits | 114 | 70 | |
Retirement benefit liability | 1,594 | 1,537 | |
Asset retirement obligations | 234 | 229 | |
Allowance for sales discounts | 192 | 134 | |
Other | 2,024 | 1,697 | |
Total fixed liabilities | 4,160 | 3,669 | |
Total liabilities | 48,283 | 50,000 | |
Net assets | |||
Shareholder's equity | |||
Capital stock | 3,238 | 3,238 | |
Capital surplus | 13,226 | 13,231 | |
Retained earnings | 80,344 | 83,552 | |
Treasury stock | -10,123 | -10,106 | |
Total shareholders' equity | 86,685 | 89,914 | |
Other accumulated comprehensive income | |||
Valuation difference on securities | 1,042 | 881 | |
Foreign currency translation adjustments | -30 | 515 | |
Remeasurements of defined benefit plans | -349 | -311 | |
Total other accumulated comprehensive income | 662 | 1,086 | |
Share subscription rights | 119 | 124 | |
Non-controlling shareholders' equity | 814 | 794 | |
Total net assets | 88,281 | 91,919 | |
Total liabilities and net assets | 136,565 | 141,920 |
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Quarterly Consolidated Statement of Income and Quarterly Statement of Comprehensive Income (Quarterly Consolidated Statement of Income)
(For the six months period)
(Million yen) | |||
Previous Second Quarter | Current Second Quarter | ||
(March 1, 2020- | (March 1, 2021- | ||
August 31, 2020) | August 31, 2021) | ||
Net sales | 149,734 | 163,907 | |
Cost of sales | 131,494 | 143,444 | |
Gross profit | 18,239 | 20,462 | |
Selling, general and administrative expenses | 10,738 | 12,035 | |
Operating income | 7,500 | 8,427 | |
Non-operating income | |||
Interest income | 11 | 8 | |
Dividends income | 43 | 43 | |
Equity in income of affiliates | 48 | 44 | |
Other | 59 | 45 | |
Total non-operating income | 162 | 142 | |
Non-operating expenses | |||
Interest expenses | 19 | 17 | |
Other | 146 | 63 | |
Total non-operating expenses | 166 | 80 | |
Ordinary income | 7,496 | 8,489 | |
Extraordinary income | |||
Gain on sale of fixed assets | - | 170 | |
Gain on sales of investment security | 32 | - | |
Subsidies for employment adjustment | 216 | 126 | |
Total extraordinary income | 248 | 296 | |
Extraordinary loss | |||
Loss on valuation of investment security | 443 | - | |
Loss on sales of investment security | 1 | 0 | |
Impairment loss | 13 | 87 | |
Loss due to response to new infections | 352 | 98 | |
Loss on transfer of business | 1,262 | - | |
Other | 191 | 150 | |
Total extraordinary loss | 2,266 | 336 | |
Profit before income taxes | 5,479 | 8,448 | |
Income taxes | 1,563 | 1,790 | |
Income taxes-deferred | 49 | 1,127 | |
Total income taxes | 1,613 | 2,918 | |
Net income | 3,865 | 5,530 | |
Net income attributable to non-controlling interests | -77 | -27 | |
Net income attributable to owners of parent | 3,943 | 5,557 |
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AEON DELIGHT Co. Ltd. published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 06:05:02 UTC.