FY ２０２０ 1Q

Presentation Materials

July 8, 2020

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 Consolidated Operating Results

16

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Consolidated Operating Results
・Responded to people’s needs for food and daily essentials in our role as a life line that
supports local communities.
・At the same time, temporary suspension of operations at shopping malls also implemented
in accordance with government regulations and requests such as the state of emergency
declared by the central government.
・Recognized in rent reduction and other expenses incurred during temporary suspension of
operations under extraordinary loss.
（billion yen）

FY2019 1Q FY2020 1Q YoY %

Result Result /change

Operating
Revenue
2,116.3 2,076.2 -1.9％
Operating
Profit
27.7 -12.5 -40.2
Ordinary
Profit
24.2 -16.0 -40.3
Profit attributable to
owners of the parent
-4.3 -53.9 -49.6
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Impact of the Novel Coronavirus (COVID-19)

・The peak outbreak period overlaps with the period included in the first-
quarter consolidated financial results by business and area.
The peak of COVID-19 The accounting periods and companies included in the
outbreak periods first-quarter consolidated financial results

Jan Feb Mar Apr May

International(GMS,SM), SM, Shopping

Center Development business companies
China
ACS(ASIA), AEON Fantasy

International(GMS,SM), Shopping Center

Development, Financial business companies
ASEAN
ACS(Malaysia), AEON Fantasy,
AEON Thana Sinsap(Thailand)

Japan

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Results by Segment
（billion yen）
Operating Operating YoY
YoY (%)
Revenue Profit change

Consolidated total 2,076.2 -1.9 -12.5 -40.2

SM 858.6 +8.4 18.2 +19.9

Health & Wellness 234.3 +10.0 9.9 +2.3

International 118.9 +1.8 1.4 -0.3

Service &
Specialty Store
133.2 -27.1 -11.9 -4.0 ※

Shopping Center
Development
63.3 -31.6 2.8 -12.7

Financial Service 110.1 -4.5 -0.6 -17.1

GMS 706.1 -6.4 -32.9 -27.5

※In service & specialty store segment, the financial effect of the inappropriate
3
Copyright 2020 AEON CO., LTD. All Rights Reserved. accounting was collectively recorded in FY2019 1Q (-14.5 billion yen).
Supermarket Business
・Substantial sales growth due to increasing opportunities to have meals at home by mass
school closures, working at home and refraining from outings.
・Sales increased especially at DS and SM in the Greater Tokyo Area by gaining trends of short
time shopping nearby and needs for low priced items.

Operating Profit 【Supermarket: Monthly changes in Operating Revenues YoY% 】

YoY change （％）
（billion yen） +15

+10

+5

+0

-5 1月
JAN 2月
FEB 3月
MAR 4月
APR 5月
MAY 6月 ※
JUN

Headquarters Local Gov. Gov. declared Lifted the Issued a

for Covid-19, requested for the state of state of “Tokyo

+19.9
established. mass school emergency emergency Alert” on
Gov. closures, (expanded (from 14th, 2nd, lifted
announced refraining nationwide on lifted on 11th.
basic policies from outings 16th) nationwide on
for Covid-19 25th )

【SM, DS in the Greater Tokyo Area: same-store sales YoY% 】 （％）

A・Colle Big-A AEON MARKET My Basket

Same store
+32.2 +25.5 +24.9 +19.6
Sales YoY%

※Preliminary figures 4
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Shopping Center-Development Business

・China, where about half of malls temporarily suspended operation in February as the bottom,
is showing a recovery trend.
・Japan and Vietnam are now recovering from April as the bottom. In June, sales at specialty
stores excluding cinema, restaurants and amusement recovered to the same level of prior-year.
・Implemented partial rent reduction for specialty stores as our important business partners.

【AEON MALL】 Monthly changes in Same Malls: Specialty Store Sales YoY% by country
+60 （％）
+40
+20
+0 China
中国
-20
-40
JPN
日本
-60
-80
ベトナム
VNM
-100
JAN
1月 2月
FEB MAR
3月 ARP
4月 5月
MAY JUN
6月 ※
Operating Profit YoY change、business situation by Area （billion yen）
Profit
1Q Acct.
Area
Period
YoY Business situation
change

Half of malls temporally closed in the tenant zone in middle February. All malls resumed
China JAN～MAR -2.6 normal operation on April 1
（Cinemas and amusement facilities remain closed on government instructions）
All malls temporally closed from late March in VNM and IDN. VNM resumed operation in
ASEAN JAN～MAR +0.0 late April, IDN in middle June. KHM only shortened business hours.

JAPAN MAR～MAY -10.1 All malls temporally closed operation in middle April and resumed on May 28.

※Preliminary figures 5
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General Merchandising Store Business

・Apparel sales were affected by refraining from outings due to the state of emergency.
・GMS in Malls had an effect due to temporary suspension of operations of specialty store
zones, big-box GMS maintained strong sales in foods.
・In June, home furnishing sales increased to exceed the prior-year level. Apparel sales also
recovered substantially.※

【AEON Retail】
Changes in same-store sales YoY% by category Changes in same-store sales YoY% in foods
（％） by store type （％）
+20 +15
Home
+10 住居余暇
furnishing +10
+0
Foods
食品 +5
Big-box
箱型
-10

-20 H&BC
H&BC +0
モール型
In Mall

-30 -5
衣料
Apparel
-40
-10
計Total MAR APR MAY
-50 3月 4月 5月
-60 Temporary suspension of operations of specialty
store zones
1月
JAN 2月
FEB 3月
MAR 4月
APR 5月
MAY 6月
JUN ※ Apr.8~ in 7 prefectures Apr.18~ Nationwide

※Preliminary figures 6
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Financial Service Business

・Branch offices forced to close temporarily due to the restrictions on activities have been
imposed in the overseas countries. Affected to receivables collection activities.
・The central bank requested extension of collection in Malaysia.
・Provision of allowance for doubtful accounts increased to prepare for future bad debt risk.

【Overseas: situation in main countries having financial services operations】

MAR APR MAY JUN

Thailand Regulations State of emergency

・From Mar.26. Decided to extend by Jul.31. Alleviated
seriatim from May 2.
Situation of
Branches
Partly closed All branches resumed operations

Malaysia Regulations Movement Control Conditional Recovery

Order; MCO（Mar.18～） MCO (May 4～) MCO(Jun.10～)

Situation of Branches resumed operations

Branches All branches closed except some
【Japan: Monthly change in credit card shopping transaction volume】 （％）

+5
・Purchases of home appliances and furniture +0
significantly increased in May, in addition to -5
foods, drugs and e-commerce,. -10
・In June, transaction volume exceeded the -15
prior-year level. MAR APR MAY JUN
3月 4月 5月 6月 （Outlook）

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AEON’s efforts to establish the New Normal
【Corporate advertisement in newspapers (June 4)】 【AEON COVID-19 Protocol for Infectious Disease Control
(June 30)】

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Initiatives for Reducing Physical Touch Points and Shopping Times

Online In the first quarter

Supermarket ・Number of newly registered members were
more than 4 times of FY2019 1Q
(AEON Retail)
・Sales increased approx. 20% of FY2019 1Q
・Started drive-thru pick-up services.
Number of stores provide the service
expanded to 61 as of July 7.

Customer Kasumi is expanding the self-scan and

self-scanning payment service "Scan & Go"
by customers using the U.S.M.H official
and self-
app. Adding 22 stores from mid-June,
checkout to the preceding 4 stores to provide the
services Service.
(U.S.M.H)

Customer Renting smartphone that allows customers to scan

self-scanning While shopping and make payments using
a dedicated terminal.
and self-
Providing the service currently at 6 stores and
checkout planning to expand to 20 stores by the fiscal year
services end.
(AEON Retail)

Cashless From July 1, Ministry of Internal Affairs

payment and Communications installed support
terminals at approximately 1,630 group
methods
stores nationwide, and started reserva
Promotion -tion and application for “My Number
Points” with “WAON“ e-money service.
Registered app also started on July1.

9
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Progress with Strategic Reorganization

・Proceeded with strategic liquidation in the service & specialty store business, on
the other hand preceded new business development in growth area.

Liquidations and Sales of Business New Business Development

Sale of ladies' Frozen food

Laura Ashley Japan AEON SAVEUR
wear and home specialty store
（2018） （2016）
furnishing "Picard"
Sale of ladies' Bio C' Bon Japon Organic SM
Talbots Japan
wear and （2016） "Bio C' Bon"
（2020）
accessories
Marriage Botanical Beauty
Zwei ÆON Rēvecosme
matchmaking Care Brand
（2020） （2019）
service "YVES ROCHER"

Claire’s Nippon Sale of casual Next-generation

Ocado
online supermarket
（2020） accessories （2019） (starting in 2023)

AEON・SIGNA・ Sports e-
AEON Forest Cosmetics sales
Sports United commerce
（2020） "The Body Shop"
(2020) service

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Fiscal 2020 Forecast

・In Japan, although the state of emergency lifted, the number of newly infected
persons is once again on the increase.
・The number of cases continues to rise globally.
・Current business performance shows a recovery trend, on the other hand, we
intends to continuously examine the possibility of a second wave of infection and
its impact on our financial results.
（billion yen)

YoY
Forecast
%・change

8,000.0 ▲7.0％
Operating Revenue
~8,400.0 ~▲2.4%

50.0 ▲165.5
Operating Profit
~100.0 ~▲115.5

11
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 AEON Basic Principles

Pursuing peace, respecting humanity, and contributing to local communities,

always with the customer’s point of view as its core.

Peace
Peace :
AEON is a corporate group whose
operations are dedicated to the
pursuit of peace through prosperity.

People :
AEON is a corporate group that
respects human dignity and values
personal relationships.

Community :
The Customer AEON is a corporate group rooted in
local community life and dedicated
to making a continuing contribution
to the community.

People Community

On the basis of the AEON Basic Principles, AEON practices its

“Customer-First” philosophy with its ever-lasting innovative spirit.

13
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4

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 Reference Materials

15
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 FY2020 1Q Consolidated Balance Sheets
（billion yen）
Liabilities and net
Assets Change Change
（main items only）
2020/2 2020/5 from ‘20/2
assets 2020/2 2020/5 from ‘20/2
（main items only）

Notes and accounts

Cash & deposit 1,221.9 1,245.6 ＋23.6 payable 1,068.4 1,075.1 ＋6.7

Notes and accounts Interest bearing

receivable – trade debt (excl. finance 1,941.7 2,152.9 ＋211.2
(incl. installment 1,626.7 1,529.4 ▲ 97.2 subsidiaries
receivables)
Interest bearing
debt (finance 1,064.9 1,069.1 ＋4.2
Inventories 575.7 569.7 ▲ 5.9 subsidiaries)

Deposits for
Operating loans, banking business 3,784.3 3,808.1 ＋23.8
loans & bills
discounted for 2,483.1 2,632.9 ＋149.8
banking business Total liabilities 9,213.4 9,518.9 ＋305.5
Property, buildings,
and equipment 3,094.3 3,072.7 ▲ 21.6 Shareholders’
equity 1,025.8 954.6 ▲ 71.1

Investments and
other assets 953.1 990.4 ＋37.3 Total net assets 1,849.2 1,755.4 ▲ 93.7

Total net assets

Total assets 11,062.6 11,274.4 ＋211.7 11,062.6 11,274.4 ＋211.7
and liabilities

Reference Materials: 1
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FY2020 1Q Results of Daiei and ex-Daiei GMS

（billion yen）
Operating Operating
Business Revenue Profit
Company Name
Segment YoY
Result YoY Result change

AEON Retail store

※Former Daiei GMS in Kanto, 27.0 -15.6% -1.7 -0.2
Nagoya and Kinki region

GMS

AEON Store Kyushu

11.4 -6.3% -0.3 +0.2
※Former Daiei GMS in Kyushu

SM Daiei 78.9 +9.0% 1.8 +2.6

Reference Materials: 2
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 Forecast of Dividend Payments

FY2019 FY2020
（Result） （Forecast）
Ordinary Dividend
17 yen
End of second Commemorative Dividend Ordinary Dividend
quarter 1 yen 18 yen
Dividend per share / year

Total 18 yen
Ordinary Dividend
17 yen
Commemorative Dividend Ordinary Dividend
Year-end
1 yen 18 yen
Total 18 yen
Ordinary Dividend
34 yen
Commemorative Dividend Ordinary Dividend
Total
2 yen 36 yen
Total 36 yen
Reference Materials: 3
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Executive Officers

Chairman and
Representative Executive Motoya Okada
Officer

President and
Representative Executive Akio Yoshida
Officer

Finance and Business Management Akinori Yamashita

Executive Vice President
and Representative
Executive Officer Supermarket Business, Merchandising and
Motohiro Fujita
Logistics

Executive Vice President

and Executive Officer
Digital and China Business Yuki Habu

ASEAN Business Soichi Okazaki

Logistics Eiji Shibata

Executive Officer
CSR & Communication Kahori Miyake

Human Resources and Administration / Hiroyuki

Administration & Risk Management Watanabe

Reference Materials: 4
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Disclaimer regarding Forecast Statement

• These materials are intended for the purpose of providing information, and not to
encourage any specific actions. The company has prepared these materials
(including business plans) based on available information believed to be reliable,
but there are risks and uncertainties. The company bears no liability for the
accuracy or completeness of the information.

• Please use these materials at your own discretion. The company bears no liability
for any loss or harm that may arise from investment decisions made on the basis
of any of the projections or targets contained in these materials.

• All rights of authorship of these materials revert to AEON CO., LTD. These
materials may not be reproduced or distributed without the permission of the
company

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