Financial Results for the Fiscal Year Ended February 29, 2024
AEON DELIGHT CO., LTD.
Kazumasa Hamada, President and CEO, Group CEO
April 9, 2024
Contents
1 Financial Report for FY2/24
©2024 AEON Delight All Rights Reserved 2
Consolidated Statements of Income
Sales increased due to market share expansion among existing customers and the new customer acquisition. However, operating income and ordinary income declined, as the increase in gross profit was not enough to absorb the rise in SG&A expenses, mainly due to the impact of the Cleaning business, whose profitability declined significantly due to higher labor costs.
(100 million yen)
FY2/23 | FY2/24 |
(Ratio to sales) | (Ratio to sales) |
Percentage
Difference change
Net sales | 3,037 |
Gross profit | 414 |
(100.0%)
(13.6%)
3,248
426
(100.0%) 210 106.9%
(13.1%) 11 102.8%
SG&A expenses | 256 |
Operating income | 158 |
Ordinary income | 160 |
Net income | |
attributable to | 101 |
owners of parent |
(8.4%)
(5.2%)
(5.3%)
(3.3%)
273
152
154
107
(8.4%) 17 106.8%
(4.7%) ▲5 96.3%
(4.8%) | ▲5 | 96.7% |
(3.3%) 5 105.5%
©2024 AEON Delight All Rights Reserved 3
Sales by Segment
Sales increased in all 7 segments. Double-digit growth in the Construction work segment, which expanded contracting for energy-saving-related construction, and the Materials/supplies sourcing services segment, which expanded orders for various materials.
FY2/23 | FY2/24 | Percentage change | |
Facilities | 647 | 695 | 107.3% |
management | |||
Security services | 494 | 509 | 102.9% |
Cleaning services | 683 | 704 | 103.1% |
Construction work | 520 | 592 | 113.7% |
Materials/supplies sourcing services
Vending machine services
415 | 463 | 111.5% |
94 | 96 | 101.6% |
Support services | 180 | 188 | 104.1% |
Total | 3,037 | 3,248 | 106.9% |
©2024 AEON Delight All Rights Reserved 4
Profit by Segment
Profits increased in 5 segments and decreased in 2 segments.
Profitability declined in the Security services and Cleaning services segments due to increases in outsourcing costs and personnel costs and profit declined.
(100 million yen) | |||||||
FY2/23 | FY2/24 | Percentage change | |||||
Facilities management | 58.1 | 59.1 | 101.8% | ||||
Security services | 32.7 | 31.0 | 94.8% | ||||
Cleaning services | 70.1 | 52.7 | 75.2% | ||||
Construction work | 40.8 | 53.2 | 130.4% | ||||
Materials/supplies | 19.9 | 23.2 | 116.2% | ||||
sourcing services | |||||||
Vending machine | 10.8 | 12.9 | 119.1% | ||||
services | |||||||
Support services | 4.6 | 5.4 | 117.8% | ||||
Total | 242.3 | 237.8 | 100.2% | ||||
©2024 AEON Delight All Rights Reserved 5 |
Consolidated Balance Sheet
Assets | Feb. 2023 | Feb. 2024 | Difference |
Liabilities and net assets
Feb. 2023
(100 million yen)
Feb. 2024 | Difference |
Current assets | 1,295 | 1,399 | 104 |
Property, plant | 64 | 64 | ▲0 |
and equipment | |||
Intangible | 63 | 60 | ▲2 |
assets | |||
Investments, | 82 | 76 | ▲5 |
etc. | |||
Noncurrent assets | 210 | 202 | ▲8 |
Total assets | 1,506 | 1,602 | 96 |
Current | 484 | 534 | 50 |
liabilities | |||
Noncurrent | 28 | 25 | ▲2 |
liabilities | |||
Total | 512 | 560 | 48 |
liabilities | |||
Shareholder's | 959 | 999 | 39 |
equity | |||
Total net assets | 993 | 1,042 | 48 |
Total liabilities and | 1,506 | 1,602 | 96 |
net assets | |||
©2024 AEON Delight All Rights Reserved 6
Consolidated Statement of Cash Flows
(100 million yen) | ||||
Feb. 2023 | Feb. 2024 | Difference | ||
Cash flows from | 88 | 185 | 96 | |
operating activities | ||||
Cash flows from | ▲107 | ▲43 | 63 | |
investing activities | ||||
Cash flows from | ▲61 | ▲69 | ▲7 | |
financing activities | ||||
Cash and cash | ||||
equivalents at the | 599 | 677 | 77 | |
end of year | ||||
(100 million yen)
Operating | Investing | Financing | ||
CF | CF | CF | ||
200
150
100
50
0
(50)
(100)
(150)
FY2/23FY2/24
©2024 AEON Delight All Rights Reserved 7
Major Initiatives in FY2/24 ① Customer-oriented management
Promoting various measures to increase our market share
Initiatives | Results |
・Through strengthening relationships with customers through account | |
Further strengthen | management, we increased the market share within existing customers by |
expanding the services and by contracting with the same customer to provide | |
account sales | services to properties at other locations. |
・Since our services and expertise are highly evaluated, we received new orders | |
from a wide range of facilities. | |
Active proposals for | ・Sales increased through active proposals for small-scale repairs |
small-scale repairs led | led by on-site staffs to maintain and improve |
by on-site staffs | "safety and security" , "functionality" and "aesthetics" of facilities. |
Strengthen construction | ・Orders increased for energy-saving-related construction projects, where demand |
is rising in line with higher energy costs. | |
works | ・Orders for various types of work increased through aggressive proposals of |
renovation and repair work for facilities managed. | |
©2024 AEON Delight All Rights Reserved 8
Major Initiatives in FY2/24 ② Promotion of DX-1
Updated "AEON Delight Platform," a data linkage platform, by installing additional functions.
Streamlining sales activities and preventing opportunity losses.
Customer Support
Center
Facilities under
Management
Information on Facility
Management and
Operations
Aeon Delight
Platform
(Additional Implementation) ・Transaction analysis tool by
industry/property use ・Tool to visualize the
progress of planned repairs
Existing
customers
Account
Managers
Solutions that contribute to problem-
solving
Customer/Industry
Information
Collect, analyze, and process various
data into valuable information
Potential
customers
*Customer Support Center (CSC): The function is to remotely control multiple facilities by utilizing various systems/sensors, and also to consolidate customer facility information/requests in each region.
©2024 AEON Delight All Rights Reserved 9
Major Initiatives in FY2/24 ② Promotion of DX-2
To build a sustainable business model, we developed the Area Management
system and promoted the reform of facility management operations.
-
Development of "Area Management" system
Through the consolidation of some operations into the Customer Support Center and the use of digital devices to improve the efficiency of on-site operations
Labor-savingat 47 new facilities (cumulative 320 facilities in total) Creation and reallocation of about 52 personnel
(cumulative total of about 219)
*Area Management
A facility management model in which multiple facilities are managed on an area-by-area basis, mainly through remote control and patrol services.
- DX of facility administration operations through use of cameras (top) and sensors (bottom)
©2024 AEON Delight All Rights Reserved 10
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AEON DELIGHT Co. Ltd. published this content on 17 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2024 06:31:02 UTC.