FY2014 (From March 1 st, 2014 to February 28 th, 2015) AEON CO., LTD Announcement of Financial Statements

Transcription

1 FY2014 (From March 1 st, 2014 to February 28 th, 2015) AEON CO., LTD Announcement of Financial Statements April 9 th, 2015

2 FY2014 Consolidated Results Achieved Consolidated Operating Revenue of 7 Trillion Yen, the First as Domestic Retailer (Unit: in bil. yen, %) Major Item Only FY2013 FY2014 YoY Change Operating Revenue 6, , % Operating Income Ordinary Income Net Income

3 FY2014 Consolidated Balance Sheets Consolidated BS(Condensed, Unit: in bil. yen) Assets (Major Item Only) FY2013 FY2014 YoY Change Liabilities & Net Assets (Major Item Only) FY2013 FY2014 YoY Change Cash & cash equivalents Account payables Account receivables (incl. account receivablesinstallments) , Interest-bearing debt (excl. Financial services) 1,574.8 (941.5) 1,845.0 (1,125.7) (+184.2) Inventory Deposits for banking business 1, , Loan receivables/loans and bills discounted for banking business Tangible fixed assets Investment and others 1, , , , Total Liabilities 5, , Shareholders equity 1, , Total Net Assets 1, , Total Assets 6, , ,044.5 Total Liabilities & Net assets 6, , ,

4 FY2014 Results by Reportable Segment (Unit: in bil. yen, %) Operating Revenue Operating Income FY2014 YoY Change FY2014 YoY Change GMS 3, % SM, DS & SS Store 2, % Financial Services % Shopping Center Development % Services & Specialty Store % ASEAN % China % Ref.) Drugstore & Pharmacy % Consolidation 7, % Note1: Numerical data above are based on management approach. Note2: Abbreviations in the box above are as follows; GMS General Merchandise Store, SM Supermarket, DS Discount Store, SS Store - Strategic Small-sized Store 4

5 Financial Services/Drugstore & Pharmacy/Services & Specialty Store Financial Services, Drugstore & Pharmacy and Services & Specialty Store Positively Contributed to the Consolidated Results. Financial Services Drugstore & Pharmacy Services & Specialty Store Op Income (YoY Change) 12.1 Op Income (YoY Change) 4.6 Op Income (YoY Change) 1.2 credit card use and cashing advance steadily grew Expansion of WAON network within and outside Japan bil. yen Banking business: Increase of ATM and In-store branch Expansion in the product line of food and prescription drugs Re-location of unprofitable stores Consolidation of Welcia Holdings (HLDs) bil. yen bil. yen Services : AEON Delight has achieved increase in Op income for 11 consecutive terms Specialty Store:G-Foot marked record High Op income COX went into Black with sharp increase in Op income Note: Op income stands for Operating Income 5

6 Diversification and Growth of Retail-Oriented Business Portfolio FY2007 Operating Income 68.6 bil. yen SC Development (44%) FY2014 Operating Income 96.3 bil. yen (70%) Financial Services SC Development Reform of Business Structure SC Development Business Fiscal 2007 Business Integration (Aeon Mall Co., Ltd.) and DIAMOND CITY Co., Ltd. Financial Services Financial Services Business Fiscal 2007 Establishment of AEON BANK Launched E-Money (WAON) Business 6

7 Growth in a New Business Fields Accelerated small-sized store openings, such as My Basket and A-Colle. Metropolitan Area Additionally, increased the market share of AEON in the metropolitan area with the conversion of USMH, Daiei, and Welcia HLDs into the Group. Aeon s Share (Food market) Tokyo Metropolitan Area 14% Kyoto/Osaka/Kobe Area Nagoya and Environs 14% 16% Asia Reached 200 stores in ASEAN and China, including SC openings at Jiangsu and Hubei province in China, and in Cambodia in FY Aiming for positive turnaround in China business within two years (i.e. by the end of FY 2016). Senior (Health & Wellness) AEON H&BC: Achieved the sale of one trillion yen in accordance with the consolidation of Welcia HLDs. Accelerating the health & wellness business development in the senior market, leveraging know-how of Welcia HLDs. 7

8 Business Model of Aeon Group - Past Aeon Group Retail 8

9 Drugstore & Pharmacy Services & Specialty Store 9 SC Development Business Model of Aeon Group - Present Aeon Group Retail Financial Services International

10 Drugstore & Pharmacy Services & Specialty Store 10 SC Development Business Model of Aeon Group - Future Aeon Group Retail Financial Services International

11 FY2014 Quarterly Trend of Business Performance by Segment Retail Business is on Recovery Trend; Non-Retail Business Shows Good Performance throughout the Year. Transition of Operating Income (YoY Change, Quarterly Base) (in bil. yen) Non-Retail Business : +170 Financial Services/SC Development/ Services & Specialty Store/China/ ASEAN/Drugstore & Pharmacy Retail Business : GMS/SM DS SS Stores Ref.) Aeon Retail Co.., Ltd ± Numerical data above are based on management approach except for AEON Retail. 1 st Quarter (3 months) 2 nd Quarter (3 months) 3 rd Quarter (3 months) 4 th Quarter (3 months) Note: Abbreviations in the box above are as follows; GMS General Merchandise Store, SM Supermarket, DS Discount Store, SS Store - Strategic Small-sized Store 11

12 AEON Group Organizational Reform Implemented Organizational Reforms of AEON Holdings (HLDs), and Allocated More Human Resources to Group Companies, Regional Offices, and Stores. AEON HLDs: Organizational Reforms Headcounts Before After Executives Employees* * Full-time employee only 12

13 Reorganization of The Daiei, Inc. 13

14 Reformation of Daiei Stores Optimum Business Structure to Realize the "Best Local in Each Region Hokkaido Area Kyushu Area # of Daiei Stores, currently operated by the Daiei Inc Honshu Area (Main Island of Japan) 34 Companies Succeeding Stores Aeon Hokkaido Corporation Maxvalu Hokkaido Co., Ltd AEON KYUSHU CO., LTD Maxvalu Kyushu Co., Ltd. AEON Retail Co., Ltd. # of Stores

15 Group Investment Plan 15

16 Review of Investment Plan (FY2015 FY2016) Raising Efficiency and Profitability by Reducing total amount and Changing Investment Mix. Review of Investment Plan Change in the Investment Portfolio (FY , Existing Company Base) 1 Reducing the Total Amount of Investments Examination of investment efficiency and strengthening the Financial Discipline Schedule change in consideration of investment climate (e.g. construction cost etc.) Reserve budgets for group-wide strategic investment Declined by 16% 2 Changing Investment Mix Domestic Investment -19% Improvement in investment efficiency by curbing the domestic SC openings and prioritizing the large-scale refurbishments Prioritizing investment for group reforms Continuous and further investment in ASEAN region For New Store (GMS/SM/SC Development) For Refurbishments (GMS/SM/SC Development) -38% +20% Overseas Investment -9% 16

17 Financial Outlook 17

18 Financial Outlook (Consolidation) (Unit: in bil. yen, %) FY2014 Actual FY2015 Forecast YoY Change Operating Revenue 7, , % Operating Income Ordinary Income Net Income

19 FY2015 Financial Indicators (Consolidation) Balance between Business Growth and Financial Soundness by Improving Business Performance and Allocating Resources to Enhance Managerial Efficiencies FY2013 Actual FY2014 Actual FY2015 Budget ROIC 4.0% 3.1% 3.6% DE ratio (excl. Financial Services) 0.8x 0.9x Approx. 1.1x Pro forma Operating CF bil. yen bil. yen bil. yen Consolidated Investment bil. yen bi. yen bil. yen 19

20 Disclaimer This material contains projections based on the assumptions, forecasts and plans on futures. Due to the risks and unpredictable factors such as the environmental change of world economy and currency fluctuations, the actual results could be different from the described projections. 20