10 13-12 aeon results-q1-1

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10 13-12 aeon results-q1-1

  1. 1. 20132013 年 2 月期(第 88 期)第 2 四半期決算補足資料Brief SummaryFirst Half of the Fiscal Year Ending Feb. 28, 2013 Ending 2013
  2. 2. CONTENTS Figures are rounded down in millions. RESULTS) CONSOLIDATED RESULTS)1. Financial Highlights) ---------------------------------------------------------------------------------- 12. Selling, General and Administrative Expenses)------------------------------------------------- 13. Financial Position -------------------------------------------------------------------------- 24. Extraordinary Profit and Loss ------------------------------------------------------ 25. Interest-bearing Debt)------------------------------------------------------------------ 3 (Outstanding Corporate Bonds)-------------------------------- 36. (Cash Flow Position)--------------------------------------------------------------------------- 47. Major Financial Indicators)------------------------------------------------------------- 48. Sales Results of TOPVALU)-------------------------------------------------------- 49. Segment Information)--------------------------------------------------------------------------- 510. Capital Expenditures by Operating Segment ------------------------------- 611. Breakdown by Operating Segment ----------------------------------------------- 712. (Consolidated Financial History ------------------------------------------------------ 8 Retail Co., Ltd.1. Financial Highlights)---------------------------------------------------------------------------------- 92. Selling, General and Administrative Expenses)------------------------------------------------- 103. Capital Expenditures ---------------------------------------------------------------------------- 104. -------------------------------------------------------------------------------- 10 (Share of Sales and Gross Margin Ratio by Product Category5. GMS ------------------------------------------------------------------ 11 (Per Comparable GMS Stores: Sales Growth, Change in Customer Traffic and Average Transaction)6. GMS ----------------------------------------------------------------------- 11 (Per Comparable GMS Stores: Quarterly Sales Growth)7. Inventory Position and Loss Ratios ------------------------------------------------ 118. GMS Sales Share by GMS Regional Companies ------------------------ 129. Number of Employees)------------------------------------------------------------------------------ 1210. Retail Space ----------------------------------------------------------------------------------------- 1211. Sales per and per Employee -------------------------------------- 12The information presented in these materials represents Aeon’s views at the time of the release of its financialresults, and Aeon makes no guarantees, warranties, or representations as to the accuracy or completeness of theinformation. Further, these materials contain forward-looking statements including projections based onassumptions, forecasts, and future plans. Actual results may differ from expectations and the projectionspresented in these materials due to certain risks and uncertainties, including, but not limited to, changes in theglobal economy and fluctuations in foreign currency exchange rates and so on. Please refer to these materials inconjunction with Aeon’s earnings reports and other disclosure documents.
  3. 3. AppendixNumber of Stores (Group Total) (Store Types) (Number of Stores: Store Types) --------------------------------------------------------- 13 (Reference) (Number of Stores: Store Types in China, South Korea and ASEAN Region) ----------------------- 13 (Store Openings and Closures) ------------------------------------------------------------ 13 (Operating Companies) (Number of Stores: Operating Companies) ---------------------------------------------- 14 (Reference) Drugstores and Pharmacies: Group Total including Affiliated Companies) ------------------------------ 17 Number of SCs: Operated and Managed by Groups Principal SC Developer Companies) ----------- 18 (Store Openings and Closures) ①2013 2 (Store Openings and Stores to Open in FY2012) (Domestic Group Companies) --------------------------------------------------------- 19 (Overseas Group Companies) --------------------------------------------------------- 22 ②2013 2 (Store Closures in the 1st half of FY2012) (Domestic Group Companies) --------------------------------------------------------- 24
  4. 4. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.1. Financial Highlights) 2011/8 2012/8 Amount YoY Change Amount YoY Change Amount YoY Change 2,509,994 +0.2% 2,719,265 +8.3% 5,650,000 +8.5%Operating Revenue 210,000 +7.3% 76,424 +22.9% 70,672 ▲7.5%Operating Income 220,000 +3.6% 82,963 +22.8% 82,432 ▲0.6%Ordinary Income 35,495 ▲55.2% 76,622 +115.9% - -Income before Income Taxes and Minority Interests 68,000 +1.9% 27,416 ▲18.5% 27,985 +2.1%Net Income 88.38 ▲18.5% +1.4%EPS 35.83 36.34 +0.0% +0.6%Average Number of Shares Outstanding 765,158 770,191 3,990,843 +7.2% 4,140,171 +3.7%Total Assets 1,226,931 +4.5% 1,311,389 +6.9%Net Assets 1,186,444 ▲3.4% 1,340,030 +13.0%Interest-bearing Debt※< > Figures are rounded down in millions of yen.2. Selling, General and Administrative Expenses) 2011/8 2012/8 Amount % of Revenue YoY Change Amount % of Revenue YoY Change 340,562 13.6% +0.1% 373,811 13.7% +9.8%Personnel Costs 50,090 2.0% +7.0% 57,577 2.1% +14.9%Advertising Costs 30,421 1.2% ▲7.6% 38,736 1.4% +27.3%Selling Costs 284,611 11.3% ▲1.6% 303,389 11.2% +6.6%Facilities Costs 86,324 3.4% ▲4.3% 92,523 3.4% +7.2%General Costs 792,010 31.6% ▲0.9% 866,039 31.8% +9.3%Total -1-
  5. 5. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.3. Financial Position 2011/8 2012/8 Amount YoY Change Amount YoY Change 1,441 ▲29.6% 1,286 ▲10.8%Interest Income 812 +27.6% 999 +23.0%Dividends Income 2,254 ▲16.0% 2,286 +1.4%Financial Income 3,517 ▲12.5% 5,472 +55.6%Interest Expenses 1,475 ▲7.7% 12 ▲99.2%Interest on Bonds 13 ▲53.7% 17 +30.8%Interest on Commercial Paper 5,006 ▲11.3% 5,502 +9.9%Financial Expense ▲ 2,751 - ▲ 3,216 -Net Financial Charges4. Extraordinary Profit and Loss 2011/8 2012/8 Amount YoY Change Amount YoY Change 348 - 1,572 -Gain on Change in Equity 4,739 - 261 -Insurance Income 8,855 - 1,686 -Other Extraordinary Income 13,942 ▲42.2% 3,520 ▲74.8%Total Extraordinary Income 3,906 - 6,588 -Impairment Loss 30,459 - - -Loss on DisasterLoss on Adjustment for Changes of Accounting 17,773 - - -Standard for Asset Retirement Obligations 9,271 - 2,742 -Other Extraordinary Losses 61,410 +391.2% 9,330 ▲84.8%Total Extraordinary Losses -2-
  6. 6. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.5. Interest- Interest-bearing Debt) 2011/8 2012/2 2012/8 Amount Amount Amount 777,522 854,355 827,397Long-term Debt 47,084 97,003 88,043Short-term Debt 3,000 9,921 5,549Commercial Paper 827,607 961,280 920,989Subtotal 241,823 259,113 287,676Corporate Bonds 99,971 96,173 107,755Convertible Bonds with Stock Acquisition Rights 341,794 355,286 395,431Subtotal 17,042 18,620 21,851Lease Obligations 1,186,444 1,335,186 1,340,030Total (Outstanding Corporate Bonds) 2012/2 2012/8 Coupon Maturity Date Outstanding Outstanding 2.590% 2025/6/20 15,000 15,000#13 Unsecured Straight Bond 1.600% 2015/6/22 20,000 20,000#14 Unsecured Straight Bond 1.590% 2014/6/30 34,000 34,000#15 Unsecured Straight Bond 1.010% 2018/11/21 20,000 20,000#16 Unsecured Straight Bond 0.720% 2019/8/9 20,000 20,000#17 Unsecured Straight Bond 1.150% 2022/8/9 20,000 20,000#18 Unsecured Straight Bond 2056/9/29 4,500 4,500#1 Subordinated Bond 2056/9/29 26,500 26,500#2 Subordinated Bond 2012/11/22 46,185 27,767#6 Convertible Bond 2013/11/22 49,988 49,988#7 Convertible Bond 216,173 237,755Total(※1) 2016 9 29 3.25% 2016 9 29 6 +2.40%Coupon:3.25% per annum until Sep. 29, 2016 and 6-Month Euro Yen LIBOR plus 2.40% after Sep. 30,2016(※2) 2016 9 29 6 +1.40%,2016 9 29 6 +2.40%Coupon: 6-Month Euro Yen LIBOR plus 1.40% per annum until Sep. 29, 2016 and 6-Month Euro Yen LIBOR plus 2.40% after Sep. 30, 2016(※3) 895.8 2010 1 4 2012 11 20Zero Coupon, conversion price JPY895.8 per stock, exercise period from Jan. 4, 2010 to Nov. 20, 2013(※4 0.3% 918.6 2010 1 4 2013 11 20Coupon 0.3% per annum, conversion price JPY918.6 per stock, exercise period from Jan. 4, 2010 to Nov. 20, 2013 -3-
  7. 7. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.6. (Cash Flow Position) 2011/8 2012/8 YoY Change 1,212 1,533 320Cash Flow from Operating Activities ▲ 1,005 ▲ 1,455 ▲ 450Cash Flow from Investing Activities ▲ 208 ▲ 207 1Cash Flow from Financing Activities ▲4 ▲ 123 ▲ 119Cash and Cash Equivalents at the end of period7. Major Financial Indicators) 2011/8 2012/8 3.0% 2.6%Operating Profit Margin 3.3% 3.0%Ordinary Profit Margin 3.1% 2.9%Return on Equity (ROE) 2.2% 1.8% 2.1% 2.0%Ordinary Income to Total Assets Ratio 0.7% 0.7%Net Income to Total Assets Ratio 1,166.13 1,223.01Net Assets per Share (Yen) 22.4% 23.3%Shareholders Equity Ratio 0.7 0.9Debt Equity Ratio (excl. Financial Services Business) (times) 1.3 1.4Debt Equity Ratio (incl. Financial Services Business) (times) 29.7% 32.4%Debt to Total Assets Ratio 15.72 13.30Interest Coverage Ratio (times)8. Sales Results of TOPVALU) 2011/8 2012/8 Sales Sales 2,370 +10.2% 3,163 +33.4%Total TOPVALU Sales of Aeon Group -4-
  8. 8. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.9. Segment Information) 1 (Operating Segment Information) 2011/8 2012/8 Amount Share Amount Share 1,282,504 ▲2.5% 48.7% 1,280,649 ▲0.1% 44.7%General Merchandise Store Business 15,167 +76.5% 21.3% 7,778 ▲48.7% 11.3% 559,878 +4.3% 21.2% 714,803 +27.7% 24.9%Supermarket Business 8,796 +41.4% 12.4% 9,651 +9.7% 14.1% 104,566 +13.2% 4.0% 115,909 +10.8% 4.0%Strategic Small Size Store Business 4,064 +36.4% 5.7% 3,224 ▲20.7% 4.7% 81,633 ▲1.1% 3.1% 88,333 +8.2% 3.1%Financial Services Business 10,231 +20.2% 14.4% 13,020 +27.3% 19.0% 76,353 +2.0% 2.9% 97,828 +28.1% 3.4%SC Development Business 18,040 +1.1% 25.4% 19,525 +8.2% 28.4% 155,702 +2.7% 5.9% 174,541 +12.1% 6.1%Service Business 9,295 +5.1% 13.1% 9,918 +6.7% 14.4% 153,933 +0.1% 5.8% 162,539 +5.6% 5.7%Specialty Store Business 1,805 +0.1% 2.5% 2,939 +62.8% 4.3% 42,243 ▲1.5% 1.6% 44,602 +5.6% 1.5%ASEAN Business 2,619 ▲16.4% 3.7% 2,605 ▲0.5% 3.8% 51,812 +1.8% 2.0% 56,932 +9.9% 2.0%China Business 1,143 ▲32.6% 1.6% 279 ▲75.6% 0.4% 125,829 +3.2% 4.8% 131,460 +4.5% 4.6%Others ▲45 - ▲0.1% ▲293 - ▲0.4% ▲124,464 - - ▲148,335 - -Adjustments 5,304 +27.9% - 2,023 ▲61.9% - 2,509,994 +0.2% 100.0% 2,719,265 +8.3% 100.0%Total 76,424 +22.9% 100.0% 70,672 ▲7.5% 100.0% 2 (Geographical Segment Information) 2011/8 2012/8 Amount Share Amount Share 2,369,954 +0.0% 94.4% 2,567,383 +8.3% 94.4% 68,601 +24.8% 89.8% 64,527 ▲5.9% 91.3% 57,623 +1.5% 2.3% 62,653 +8.7% 2.3%ASEAN 4,935 +11.5% 6.4% 5,845 +18.4% 8.3% 58,088 +1.6% 2.3% 63,666 +9.6% 2.4%China 2,289 ▲11.6% 3.0% 140 ▲93.9% 0.2% 24,328 +12.1% 1.0% 25,562 +5.1% 0.9%Others 597 +184.8% 0.8% 159 ▲73.3% 0.2% 2,509,994 +0.2% 100.0% 2,719,265 +8.3% 100.0%Total 76,424 +22.9% 100.0% 70,672 ▲7.5% 100.0%Operating Incomes here are just for reference. -5-
  9. 9. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.10. Capital Expenditures by Operating Segment 2011/8 2012/8 523 823General Merchandise Store Business 98 197Supermarket Business 59 90Strategic Small Store Business 77 62Financial Services Business 226 248SC Development Business 27 37Service Business 18 29Specialty Store Business 40 34ASEAN Business 45 27China Business 49 81Other Businesses 1,167 1,632Total Capital Expenditure 669 722Depreciation and Amortization Above figures are on actual payment basis. -6-
  10. 10. (CONSOLIDATED RESULTS)※P.1 7 2012 (2012 3 8 31 )※Consolidated results figures in this brief summary (P.1 7) are for period from March 1st, 2012 to August 31,2012(1st half of the fiscal year 2012) unless otherwise specified.11. Breakdown by Operating SegmentCompanies operating plural operations belong to the business segment where the company has its main operation. Operating Revenue Operating Income Ordinary Income Net Income % of Total Share- 2011/8 2012/8 2011/8 2012/8 2011/8 2012/8 2011/8 2012/8 Assets holding YoY Change Change Change Change 1,045,331 1,031,318 ▲1.3% 9,816 4,225 ▲ 5,590 9,450 5,090 ▲ 4,359 12,187 1,144 ▲ 11,042 1,235 100.00 75,205 74,854 ▲0.5% 3,610 3,500 ▲ 110 3,289 3,272 ▲ 17 1,034 1,817 783 89,315 52.88 (AEON Hokkaido Corporation) 27,230 23,941 ▲12.1% 1,283 711 ▲ 572 1,230 695 ▲ 534 ▲ 127 321 449 28,495 77.04 122,759 122,509 ▲0.2% 155 187 31 211 374 162 ▲ 872 ▲ 602 270 109,892 69.82 (AEON KYUSHU CO., LTD.) 1,282,504 1,280,649 ▲0.1% 15,167 7,778 ▲ 7,388 12,403 8,345 ▲ 4,057 10,213 1,547 ▲ 8,665 1,501,769 - (General Merchandise Store Business)(※1) 39,594 41,134 +3.9% 220 244 23 216 271 54 ▲ 279 117 396 25,533 61.52 (Maxvalu Hokkaido Co., Ltd.) 46,132 47,349 +2.6% 508 568 60 439 588 149 ▲ 923 684 1,608 25,008 68.40 (Maxvalu Tohoku Co., Ltd.) 80,427 81,802 +1.7% 2,455 1,406 ▲ 1,049 2,441 1,405 ▲ 1,036 748 380 ▲ 368 60,447 69.10 (Maxvalu Tokai Co., Ltd.) 124,998 127,405 +1.9% 2,901 2,403 ▲ 497 3,021 2,516 ▲ 505 567 971 404 81,226 61.88 (Maxvalu Nishinihon Co., Ltd.) 58,969 61,899 +5.0% 807 525 ▲ 282 835 588 ▲ 247 ▲ 45 22 67 39,664 58.65 (Maxvalu Chubu Co., Ltd.) [Consolidated] - 64,692 - - 1,256 - - 1,253 - - 681 - 28,358 78.09 (Maxvalu Kyushu Co., Ltd.) (※2) 559,878 714,803 +27.7% 8,796 9,651 854 8,997 10,154 1,157 ▲ 329 4,990 5,319 509,992 - 61,582 63,372 +2.9% 5,052 3,793 ▲ 1,259 5,550 4,353 ▲ 1,197 1,935 2,115 180 111,398 51.75 (MINISTOP CO., LTD.)[Consolidated] 104,566 115,909 +10.8% 4,064 3,224 ▲ 840 6,244 5,043 ▲ 1,201 1,753 2,070 317 150,604 - (Strategic Small Size Store Business) 81,633 88,243 +8.1% 10,231 12,930 2,698 10,315 13,039 2,723 3,047 6,120 3,073 915,634 52.50 (AEON CREDIT SERVICE CO., LTD.)[Consolidated] 81,633 88,333 +8.2% 10,231 13,020 2,789 10,315 13,039 2,723 3,047 6,120 3,073 915,634 - (Financial Services Business) 72,615 77,046 +6.1% 18,406 18,907 501 17,564 17,753 189 8,853 9,400 547 589,424 56.85 (AEON Mall Co., Ltd.) [Consolidated] 76,353 97,828 +28.1% 18,040 19,525 1,484 18,335 19,443 1,107 9,120 10,257 1,137 741,993 - (SC Development Business) 109,950 126,711 +15.3% 6,915 7,113 197 6,974 7,124 149 3,716 3,944 228 105,478 62.80 (AEON DELIGHT CO., LTD.)[Consolidated](※3) - 21,912 - - 1,581 - - 1,587 - - 738 - 26,602 65.49 (AEON Fantasy Co., Ltd.) [Consolidated](※2) 1,810 2,055 +13.5% 48 125 76 67 144 77 2 71 68 4,637 67.83 (ZWEI CO., LTD.) 155,702 174,541 +12.1% 9,295 9,918 623 9,000 9,589 588 4,007 5,202 1,195 155,008 - 43,541 46,282 +6.3% 930 1,470 539 910 1,463 552 62 694 632 44,053 48.31 (GFOOT CO., LTD.) 12,774 11,651 ▲8.8% ▲ 771 ▲ 136 635 ▲ 666 ▲ 23 643 ▲ 1,166 ▲ 154 1,012 21,280 68.73 (COX CO., LTD.)[Consolidated] (※2) 153,933 162,539 +5.6% 1,805 2,939 1,134 1,847 3,050 1,203 ▲ 1,385 1,023 2,408 141,412 - 42,243 44,602 +5.6% 2,619 2,605 ▲ 13 3,115 2,754 ▲ 361 2,157 1,937 ▲ 220 73,768 - 51,812 56,932 +9.9% 1,143 279 ▲ 864 2,579 1,205 ▲ 1,374 1,784 878 ▲ 906 80,109 - 52,512 53,643 +2.2% 1,048 12 ▲ 1,036 1,230 143 ▲ 1,087 ▲ 347 ▲ 34 313 44,547 50.08 125,829 131,460 +4.5% ▲ 45 ▲ 293 ▲ 248 1,777 ▲ 306 ▲ 2,083 ▲ 277 ▲ 787 ▲ 510 92,139 - ▲124,464 ▲148,335 ▲23,871 5,304 2,023 ▲3,281 - - - - - - - - 2,509,994 2,719,265 +8.3% 76,424 70,672 ▲ 5,751 82,963 82,432 ▲ 530 27,416 27,985 569 4,140,171 - Italic numbers are sales figures.(※1) ( ) 2011 8 “YoY Changes" of Operating Revenue of Aeon Retail Co., Ltd. is calculated by adjusting 2011/8 results based on the changes in business composition.(※2) 2013 2 2012 2 As AEON Fantasy Co., Ltd. and AEON KYUSHU CO., LTD. started quarterly financial announcement from the 1st quarter f FY2012, figures of 2011/8 are not available.(※3)( 1) 39,468 1,947 ( 2012/1/1 2012/6/30 Operating revenue and net income of consolidated Aeon Co.(M) Bhd. for the period between Jan. 1, 2012 and Jun. 30, 2012 were 39,468 million and 1,947 million respectively.(※4)( 2) 18,559 911 ( 2012/1/1 2012/6/30 Operating revenue and net income of consolidated Aeon Stores (Hong Kong) Co., Ltd. for the period between Jan. 1, 2012 and Jun. 30, 2012 were 18,559 million and 911 million respectively. Currency -7-
  11. 11. (CONSOLIDATED RESULTS)12. Consolidated Financial Results First Half 2002 2003 2004 2005 2006 2007 1,492,396 1,594,313 2,057,027 2,147,422 2,345,483 2,525,154 58,263 52,195 63,470 69,102 82,332 67,761 56,910 51,434 69,185 73,141 84,183 75,028 19,720 18,418 28,353 ▲ 20,267 23,168 23,807 59.58 55.31 84.64 ▲ 27.96 31.96 29.77 2,024,251 2,151,067 2,748,859 2,887,269 3,235,608 3,602,555 391,864 439,537 602,898 612,837 951,358 1,218,324 19.4 20.4 21.9 21.2 21.1 25.6 2008 2010 2011 2012 2,606,925 2,526,681 2,505,121 2,509,994 2,719,265 58,661 35,497 62,175 76,424 70,672 59,759 32,077 67,572 82,963 82,432 ▲ 16,014 ▲ 14,681 33,628 27,416 27,985 ▲ 20.93 ▲ 19.19 43.95 35.83 36.34 3,708,102 3,788,192 3,723,608 3,990,843 4,140,171 1,145,616 1,088,632 1,174,567 1,226,931 1,311,389 22.7 21.1 23.0 22.4 23.3 Full Year Year 2002 2003 2004 2005 2006 2007 3,086,504 3,546,215 4,195,843 4,430,285 4,824,775 5,167,366 132,172 132,212 146,777 166,105 189,728 156,040 127,431 131,354 156,099 175,989 188,303 166,326 51,257 55,316 62,066 28,932 57,656 43,932 154.86 165.57 88.71 39.61 77.31 55.75 2,013,067 2,609,271 2,752,088 2,928,682 3,534,346 3,591,406 426,359 479,090 632,022 676,151 1,200,783 1,167,477 21.2 18.4 23.0 23.1 25.8 24.2 2008 2009 2010 2011 5,230,786 5,054,394 5,096,569 5,206,132 124,373 130,193 172,360 195,690 126,030 130,198 182,080 212,260 ▲ 2,760 31,123 59,688 66,750 ▲ 3.61 40.68 78.01 87.23 3,741,447 3,785,288 3,774,628 4,048,937 1,105,712 1,144,434 1,219,236 1,282,066 21.9 22.2 23.5 23.1(※1) 2006Effective FY2006, Aeon adopted the Accounting standards for the indication method regarding sections of net assets in the Balance Sheet. -8-
  12. 12. (AEON RETAIL CO., LTD.)※P.9 12 2012 (2012 2 2 8 20 )※Figures for Aeon Retail Co., Ltd. in this brief summary (P.9 12) are for period from February 21, 2012 to August20, 2012 unless otherwise specified. AEON Retail Co., Ltd. YoY Comparisons are not provided because of major changes in the business composition of Aeon Retail Co., Ltd. through separation of somebusiness units.1. Financial Highlights) 2011/8 2012/8 Amount Amount 9,979 9,478 Net Sales 909 835 Other Revenues 10,888 10,313Operating Revenue 3,535 3,363Gross Profit 3,437 3,321SG&A 98 42Operating Income 94 50Ordinary Income 69 5Extraordinary Income 280 32Extraordinary Loss 121 11Net Income 2011/8 2012/8 Amount Amount 12,509 12,352 Total Assets 3,336 3,024 Current Assets 6,009 6,586 Property, Plant and Equipment 16 13 Intangible Fixed Assets 3,147 2,727 Investment and Other Assets 9,173 9,327 Fixed Assets 7,639 7,891 Current Liabilities 1,270 1,086 Long-term Liabilities 3,599 3,374 Net Assets -9-
  13. 13. (AEON RETAIL CO., LTD.)※P.9 12 2012 (2012 2 2 8 20 )※Figures for Aeon Retail Co., Ltd. in this brief summary (P.9 12) are for period from February 21, 2012 to August20, 2012 unless otherwise specified.2. Selling, General and Administrative Expenses) 2012/8 2012/8 Amount % of Operating Revenue Per Comp. Stores Per Comp. GMS Stores 1,359 13.2% ▲1.1% ▲1.2%Personnel Costs 198 1.9% +12.8% +12.4%Advertising Costs 208 2.0% ▲1.0% ▲0.3%Selling Costs 1,299 12.6% ▲1.8% +0.3%Facilities Costs 254 2.5% +4.3% +2.3%General Costs 3,321 32.2% ▲0.4% +0.4%Total* Comparable stores include those of former Aeon Retail Co., Ltd. and Aeon Marche Co., Ltd..3. Capital Expenditures 2011/8 2012/8 124 117New Stores (Incl. Prior Investment) 266 245Store Renovation - 346Others 390 708Total Capital Expenditure4. Share of Sales and Gross Margin Ratio by Product Category 2012/8 Per Comp. Gross Margin Sales Share Stores Ratio Share Per Comp.Stores Change 1,882 20.1% +1.8% 36.8% 19.6% +1.7% ▲0.8%Clothing 5,175 55.2% ▲1.3% 24.3% 58.0% ▲1.3% ▲0.2%Food 2,024 21.6% ▲4.8% 26.4% 22.4% ▲4.8% ▲0.1%Home, Digital, Sports and H&BC 295 3.1% +2.1% 0.0% ▲10.7% -Others 9,378 100.0% ▲1.5% 27.0% 100.0% ▲1.6% ▲ 0.3%Total* Comparable stores include those of former Aeon Retail Co., Ltd. and Aeon Marche Co., Ltd.. -10-
  14. 14. (AEON RETAIL CO., LTD.)※P.9 12 2012 (2012 2 2 8 20 )※Figures for Aeon Retail Co., Ltd. in this brief summary (P.9 12) are for period from February 21, 2012 to August20, 2012 unless otherwise specified.5. (Per Comparable GMS Stores Sales Growth, Change in TrafficCustomer Traffic and Average Transaction) 2011/8 2012/8 Per Comparable Stores Per Comparable Stores +1.4% ▲ 1.6%Sales Growth +1.1% ▲ 1.4%Customer Traffic +0.3% ▲ 0.2%Average Transaction6. (Per Comparable GMS Stores Quarterly Sales Growth) Stores 2011/8 2011/11 2012/2 2012/5 2012/8 (FY2011/2Q) (FY2011/3Q) (FY2011/4Q) (FY2012/1Q) (FY2012/2Q) +3.2% ▲0.5% ▲0.6% +0.8% ▲3.7%Comparable Store Sales Growth* Comparable stores include those of former Aeon Retail Co., Ltd. and Aeon Marche Co., Ltd..7. Inventory Position and Loss Ratios 2011/8 2012/8 +5.0% ▲9.3% Inventory Growth Ratio of Comparable Stores 2.8 2.4 Clothing Inventory Turnover (times) 23.5% 24.5% Loss Ratio +7.2% +1.4% Inventory Growth Ratio of Comparable Stores 27.3 23.3 Food Inventory Turnover (times) 5.3% 5.5% Loss Ratio +2.8% +1.8% Inventory Growth Ratio of Comparable Stores 3.1 2.6 Home, Digital, Inventory Turnover (times) Sports and H&BC 11.9% 12.8% Loss Ratio +5.5% ▲4.0% Inventory Growth Ratio of Comparable Stores 6.3 5.3 Total Inventory Turnover (times) 10.3% 11.0% Loss Ratio Comparable stores include those of former Aeon Retail Co., Ltd. Only. Inventory Calculated by the ending balance of inventories (at cost). Inventory turnover ratio: Calculated by the average balance of inventories (at cost). -11-
  15. 15. (AEON RETAIL CO., LTD.)※P.9 12 2012 (2012 2 2 8 20 )※Figures for Aeon Retail Co., Ltd. in this brief summary (P.9 12) are for period from February 21, 2012 to August20, 2012 unless otherwise specified.8. (Sales Share by GMS Regional Companies 2012/8 Share Tohoku Regional Company 9.6% Kita Kanto Regional Company 11.4% Minami Kanto Regional Company 21.3% Hokuriku Shinetsu Regional Company 7.3% Tokai Regional Company 18.1% Higashi Kinki Regional Company 7.2% Nishi Kinki Regional Company 16.6% Chu Shikoku Regional Company 8.4% Total 100.0%9. Number of Employees) 2011/8 2012/8 Number Share Number Share 17,275 19.3% 16,146 19.3%Full-time Employees 72,414 80.7% 67,490 80.7%Part-timers 89,689 100.0% 83,636 100.0%Total* 160 The number of employees is calculated at the term-end. Full-time employees include seconded staff but exclude those loaned to other companies. The numbers of part-timers are calculated by dividing the total working hours by 160 hours per month.10. Retail Space 2011/2 2012/2 Directly Operated Space = the area of retailing, checkout counter, and information counter etc.11. Sales per and per Employee 2011/8 2012/8 234 228 11,347 11,479Sales per Employee(※1)Directly operated sales divided by weighted average sales floor space.(※2)Directly operated sales divided by weighted average number of employees. -12-
  16. 16. Appendix② ) Number of Stores)* The number of the total stores and that of new stores and closed stores are based on those at the end of each group companys fiscal period under review. Store Types Number of Stores: Store Types Including overseas stores Change 590 600 10 General Merchandise Stores 1,537 1,555 18 Supermarkets 105 120 15 Discount Stores 122 123 1 Home Centers 29 26 ▲3 Supercenters 1 1 0 Department Stores 4,121 4,313 192 Convenience Stores 3,424 3,566 142 Specialty Stores 418 507 89 Others (of Retail Stores) 460 483 23 Financial Services 1,384 1,398 14 Other Services 12,191 12,692 501 Total ※ The number of stores reflects those opened / closed, changes in store types and transfers of businesses during the period under review. (Reference) Number of Stores: Store Types in China, South Korea and ASEAN Region China South Korea Malaysia Thailand Philippines Indonesia Vietnam Cambodia (Total) 35 - 25 - - - - - 60 General Merchandise Stores 11 - 4 38 - - - - 53 Supermarkets 40 1,788 - - 329 - 6 - 2,163 Convenience Stores 50 - - - - - - - 50 Specialty Stores 24 - - - - - - - 24 Others 26 - 35 189 - 6 1 1 258 Financial Services 9 - 23 1 - - - - 33 Other Services 195 1,788 87 228 329 6 7 1 2,641 Total Store Openings and Closures Including overseas stores Store Openings and Closures in FY2012 (Number of New Stores) (Number of Closed Stores) 1st Half 2nd Half Total 1st Half 10 6 16 1 General Merchandise Stores 48 38 86 16 Supermarkets 0 6 6 0 Discount Stores 1 0 1 0 Home Centers 0 1 1 0 Others 59 51 110 17 Total -13-
  17. 17. Operating Companies (Number of Stores: Operating Companies) (Number of Stores) (Detail) (Company Name) ( ) indicates number of stores at the end of FY2011 (Change) 444 497 53 GMS 340(338) SM 5(4) DS 2(2)AEON Retail Co., Ltd. (Others) 150(100)AEON Hokkaido Corporation 31 34 3 GMS 28(28) SuC 3(3) (Others) 3(0) (※1) GMS 45(44) HC 44(44) SuC 5(5)AEON KYUSHU CO., LTD. 113 115 2 (Others) 21(20) GMS 5(5) SM 27(27) DS 4(3)AEON RYUKYU CO., LTD. 36 37 1 (Others) 1(1) SM MV 59 60 1 HC 60(59)SUNDAY CO., LTD. 19 19 0 HC 19(19)JOY Co., Ltd.Bon Belta Co., Ltd. 1 1 0 Dept 1(1) (※2) GMS 122(121) SM 85(88)The Daiei, Inc. 210 208 ▲2 (Others) 1(1) 540(536) 117(119) GMS 540(536) SM 117(119) DS 6(5) HC 123(122) SuC 8(8) Dept 1(1) 123(122) 913 971 971 58Total (General Merchandise Store Business) 176(12 (122 (Others) 176(122) SM 117 27 MV 74 74 0 SM 59(62) DS 14(11) (Others) 1(1)Maxvalu Hokkaido Co., Ltd SM 59 40 MV SM 77(77) DS 10(10)Maxvalu Tohoku Co., Ltd. 87 87 0 SM 77 72 MV SM 8(7)MAXVALU KITA TOHOKU CO., LTD. 7 8 1 MV SM 3(5) DS 12(10)MAXVALU MINAMI TOHOKU CO., LTD. 15 15 0 SM MV SM 21(19)MAXVALU KANTO CO., LTD. 19 21 2 MV SM 88(90) DS 9(6)Maxvalu Tokai Co., Ltd. 96 97 1 SM MVAEON KIMISAWA CO., LTD. 23 23 0 SM 23(23) SM 9(9)MAXVALU HOKURIKU CO., LTD. 9 9 0 MV SM 2(4) DS 8(7)MAXVALU NAGANO CO., LTD. 11 10 ▲1 SM MV SM 83(85) DS 6(5)Maxvalu Chubu Co., Ltd. 90 89 ▲1 SM 83 74 MV SM 10(9)MAXVALU CHUKYO CO., LTD. 9 10 1 MV SM 53(50)KOHYO CO., LTD. 50 53 3 SM 53 20 MV SM 135(136) DS 32(32)Maxvalu Nishinihon Co., Ltd. 168 167 ▲1 SM 135 132 MVmarunaka CO., LTD. 138 138 0 SM 138(138)SANYO MARUNAKA CO., LTD. 73 73 0 SM 73(73) SM 117(115) DS 3(3)Maxvalu Kyushu Co., Ltd. 118 120 2 SM 117 100 MV (※2)KASUMI CO., LTD. 141 145 4 SM 145(141) (※2)Belc CO., LTD. 71 75 4 SM 75(71) (※2)The Maruetsu, Inc. 262 269 7 SM 266(260) DS 3(2) 1,461 1,48 1,483 22 1,385(1,374) 97(86) SM 1,385(1,374) DS 97(86) (Others) 1(1)Total (Supermarket Business) SM 1,385 579 MV -14-
  18. 18. (Number of Stores) (Detail) (Company Name) ( ) indicates number of stores at the end of FY2011 (Change)AEON SUPERCENTER Co., Ltd. 18 18 0 SuC 18(18)AEON BIG CO., LTD. 21 21 0 DS 17(14) SuC 0(3) (Others) 4(4) 39 39 0 17(14) 18(21) DS 17(14) SuC 18(21) (Others) 4(4)TotalTotal (Discount Store Business) (※3) (※4) (Overseas) 2,163(2,033)MINISTOP CO., LTD. 4,121 4,313 192 (Directly Operated) 99(92) FC 4,214(4,029 580 589 9ORIGIN TOSHU CO., LTD. 17 22 5 (Directly Operated) 2(2) FC 20(15)RECODS. Co., Ltd. 246 279 33My Basket CO., LTD 2,163(2,033) (Overseas) 2,163(2,033) Business) 4,964 4,964 5,203 5,203 239Total (Strategic Small Size Store Business) 969(920) (920 4,234(4,044) (4,044 (Directly Operated) 969(920) FC 4,234(4,044)Cosmeme CO., LTD. 1 1 0 (※5)Total (Drugstore & Pharmacy Business) 1 1 0 (※6)(※7)AEON CREDIT SERVICE CO., LTD. 288 310 22 (Overseas) 258(236) (※2)(※7) 109 101 ▲8 (Directly Operated) 26(40) (Agency) 75(69)AEON BANK, LTD. (※2) 63 72 9AEON INSURANCE SERVICE CO., LTD. 258(236) (Overseas) 258(236)Total (Financial Services Business) Business) 460 483 23 (Directly Operated) 408(391) 408(391) (Agency) 75(69) 75(69) (Overseas) 32(25)AEON Fantasy Co., Ltd. 344 354 10 (Directly Operated) 351(341) FC 3(3) 53 55 2 (Overseas) 1(0)ZWEI CO., LTD. 12 8 ▲4JUSVEL CO., LTD. 632 634 2 (Directly Operated) 8(6) FC 626(626)Reform Studio Co., Ltd. 270 274 4AEON Eaheart Co., LTD. (Directly Operated) 271(267) FC 3(3) 13 13 0AEON CINEMAS CO., LTD. (※2) 60 60 0Warner Mycal Corporation (Overseas) 33(25) 1,384 1,398 14Total (Service Business) (Directly Operated) 766(752) FC 632(632) (Overseas) 13(6)COX CO., LTD. 331 336 5 (Directly Operated) 333(331) FC 3(0) 53 61 8TOPVALU COLLECTION CO., LTD. 44 45 1 (Overseas) 9(7)Talbots Japan Co., Ltd. 106 115 9 (Overseas) 19(17)LAURA ASHLEY JAPAN CO., LTD. 88 98 10Branshes Co. Ltd (※2) 268 271 3Taka:Q Co., Ltd. 678 679 1 (Overseas) 5(3)GFOOT CO., LTD. 193 191 ▲2Claires Nippon Co., Ltd. 8 11 3AT Japan Co., Ltd. 81 85 4 (Overseas) 1(2)Mega Sports Co., Ltd. 178 180 2 (Directly Operated) 143(138) FC 37(40)AEON FOREST CO., LTD. 2 2 0AEON BODY Co., Ltd. -15-
  19. 19. (Number of Stores) (Detail) (Company Name) ( ) indicates number of stores at the end of FY2011 (Change) Abilities JUSCO Co., Ltd. 7 9 2 MIRAIYA SHOTEN CO., LTD. 222 234 12 AEON Bakery Co., Ltd. 108 118 10 (※2) YAMAYA CORP. 272 281 9 (※8) AEON PET CO., LTD 139 195 56 (Overseas) 3(2) MEGA PETRO Co., Ltd. 66 66 0 (Overseas) 50(37) (Overseas) Total (Specialty Store Business) 2,844 2,977 133 (Directly Operated) 2,937(2,804) FC 40(40) GMS 25(24) SM 4(4) 28 29 1 AEON Co. (M) Bhd. SM MV SM 38(29) AEON (Thailand) CO., LTD. 29 38 9 SM 38 35 MV GMS 25(24) SM 42(33) 57 67 10 Total (ASEAN Business) SM 42 39 MV GMS 6(5) SM 6(6) (Others) 24(27) 38 36 ▲2 AEON Stores (Hong Kong) Co., Ltd. SM 6 2 MV 12 13 1 GMS 10(9) SM 3(3) Guangdong JUSCO Teem Stores Co., Ltd. 7 8 1 GMS 8(7) Qingdao AEON Dongtai Co., Ltd. 8 9 1 GMS 7(6) SM 2(2) AEON South China Co., Ltd. 3 4 1 GMS 4(3) Beijing AEON Co., Ltd. 35(30) 11(11) GMS 35(30) SM 11(11) 24 (Others) 24(27) Total (China Business) 68 70 2 11 SM 11 2 MV 12,191 12,692 12,692 501 501 Grand Total The number of stores reflects new and closed stores, changes in store types and transfers of businesses during the period under review.※1 The number of bike shops in GMS were eliminated from Others, and 2 “Widemart” stores were reclassified from HC to Others.※2 These are equity-method affiliates.※3 Ministop Co., Ltd.s franchise stores include area franchise stores in Japan and overseas.※4 2012/2 4,138 2012/2 4,121 The number of stores were revised by eliminating RECODS stores. Before 2012/2: 4,138 After 2012/2: 4,121※5 The number of stores with drug department operated by Aeon’s consolidated companies and those operated by affiliated drugstores and pharmacies is listed on the following page.※6 The numbers are those of service offices.※7 The numbers include 75 stores operated as banking agency business of Aeon Credit Service Co., Ltd. as of the end of September 2012. These 75 stores are not included in Aeon Credit Service Co., Ltd.’s store number.※8 Petcity Co., Ltd. merged with AHB International Inc. on February 21, 2012. The name of the new company is Aeon Pet Co., Ltd. -16-
  20. 20. Reference(Drugstores and Pharmacies: Group Total including Affiliated Companies) (Company Name) (Change) (AEON Retail Co., Ltd.) 286 289 3 (AEON Hokkaido Corporation) 20 22 2 (AEON KYUSHU CO., LTD.) 52 54 2 (AEON RYUKYU CO., LTD.) 24 24 0 (Maxvalu Hokkaido Co., Ltd.) 1 2 1 (Maxvalu Tohoku Co., Ltd.) 9 10 1 (MAXVALU KITA TOHOKU CO., LTD.) 5 5 0 (MAXVALU MINAMI TOHOKU CO., LTD.) 5 7 2 (MAXVALU KANTO CO., LTD.) 12 12 0 (Maxvalu Tokai Co., Ltd.) 20 22 2 (AEON KIMISAWA CO., LTD.) 15 12 ▲3 (MAXVALU HOKURIKU CO., LTD.) 6 6 0 (MAXVALU NAGANO CO., LTD.) 6 7 1 (Maxvalu Chubu Co., Ltd.) 3 3 0 (MAXVALU CHUKYO CO., LTD.) 3 3 0 (KOHYO CO., LTD.) 15 14 ▲1 (Maxvalu Nishinihon Co., Ltd.) 13 21 8 (marunaka CO., LTD.) 72 72 0 (SANYO MARUNAKA CO., LTD.) 39 40 1 (Maxvalu Kyushu Co., Ltd.) 18 19 1 AEON SUPERCENTER Co., Ltd.) 18 18 0 AEON BIG CO., LTD. 15 16 1 (TAKIYA Co., Ltd.) (※1) 67 75 8 (CFS Corporation) (※1) 276 293 17 RECODS. Co., Ltd. (※1) 17 22 5 1,017 1,068 51Total Stores with drug department operated by Aeon’s consolidated companies (TSURUHA HOLDINGS Inc.) 982 1,005 23 (Medical Ikkou Co., Ltd.) 78 82 4 (KUSURI NO AOKI CO., LTD.) 172 182 10 (Kraft Inc.) 341 368 27 (GROWELL HOLDINGS CO., LTD.) 721 764 43 (Welpark Co., Ltd.) 104 107 3 (Shimizu Drug Co., Ltd.) 54 54 0 (ZAG ZAG Co., Ltd.) (※2) - 96 96 2,452 2,658 206Total (Affiliated drugstores and pharmacies (Grand Total) 3,469 3,726 3,726 72 257 257 The number of stores of the Hapycom member companies includes those of each company’s subsidiaries’.※1 “Recods” stores, which CFS Corporation and Takiya Co., Ltd. operate as franchisee, are included in the number for Recods. Co., Ltd.※2 As of July 19, 2012, Aeon Co., Ltd. entered into a business and capital alliance with Zag Zag Co., Ltd. -17-
  21. 21. (Number of SCs Operated and Managed by Group’s Principal SC Development Companies) SCs Group’ (Company Name) (AEON Mall Co., Ltd.) (※1) 59 62 (AEON TOWN Co., Ltd.) 107 110※1 The number of SCs operated by Aeon Mall Co., Ltd. includes 4 SCs in Japan of which the company is entrusted operations by means of property management. -18-

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