Announcement • Jun 30
Aeon Delight Co., Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective July 17, 2025 Aeon Delight Co., Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from July 17, 2025, due to Reverse stock split. Announcement • Jun 18
Aeon Delight Co., Ltd. to Report Q1, 2026 Results on Jul 10, 2025 Aeon Delight Co., Ltd. announced that they will report Q1, 2026 results on Jul 10, 2025 Announcement • Apr 26
Aeon Co., Ltd. (TSE:8267) completed the acquisition of 42.31% stake in Aeon Delight Co., Ltd. (TSE:9787) from a group of shareholders. Aeon Co., Ltd. (TSE:8267) proposed to acquire 42.31% stake in Aeon Delight Co., Ltd. (TSE:9787) from a group of shareholders for approximately ¥110 billion on February 28, 2025. A cash consideration of ¥109.36 billion valued at ¥5400 per share will be paid by Aeon Co., Ltd. As part of consideration, ¥109.36 billion is paid towards common equity of Aeon Delight Co., Ltd. The transaction is subject to minimum tender. Nomura Securities Co., Ltd. acted as tender offer agent.
Aeon Co., Ltd. (TSE:8267) completed the acquisition of 42.31% stake in Aeon Delight Co., Ltd. (TSE:9787) from a group of shareholders on April 24, 2025. Aeon Co., plans to implement a series of Squeeze-Out Procedures to make Aeon Co., Ltd sole shareholder of Aeon Delight Co., Ltd. Aeon Delight shares are currently listed on the Prime Market of the TSE as of today. However, if the Squeeze-Out Procedures are carried out, Aeon Delight Shares will be delisted through prescribed procedures in accordance with the delisting criteria set out by the TSE. Reported Earnings • Apr 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥239 (up from JP¥220 in FY 2024). Revenue: JP¥337.9b (up 4.0% from FY 2024). Net income: JP¥11.5b (up 7.6% from FY 2024). Profit margin: 3.4% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 10
Aeon Delight Co., Ltd., Annual General Meeting, May 16, 2025 Aeon Delight Co., Ltd., Annual General Meeting, May 16, 2025. Announcement • Mar 07
Aeon Delight Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2025 Aeon Delight Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2025 New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥5,390, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Commercial Services industry in Japan. Total returns to shareholders of 94% over the past three years. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.1%). Buy Or Sell Opportunity • Jan 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.9% to JP¥4,105. The fair value is estimated to be JP¥5,148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.9% in a year. Earnings are forecast to decline by 6.6% in the next year. Reported Earnings • Jan 11
Third quarter 2025 earnings released: EPS: JP¥59.27 (vs JP¥47.19 in 3Q 2024) Third quarter 2025 results: EPS: JP¥59.27 (up from JP¥47.19 in 3Q 2024). Revenue: JP¥86.4b (up 7.5% from 3Q 2024). Net income: JP¥2.85b (up 24% from 3Q 2024). Profit margin: 3.3% (up from 2.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Dec 17
Aeon Delight Co., Ltd. to Report Q3, 2025 Results on Jan 09, 2025 Aeon Delight Co., Ltd. announced that they will report Q3, 2025 results on Jan 09, 2025 Declared Dividend • Nov 06
First half dividend of JP¥44.00 announced Shareholders will receive a dividend of JP¥44.00. Ex-date: 27th February 2025 Payment date: 7th May 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Oct 10
Second quarter 2025 earnings released: EPS: JP¥56.00 (vs JP¥62.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥56.00 (down from JP¥62.16 in 2Q 2024). Revenue: JP¥83.5b (up 1.3% from 2Q 2024). Net income: JP¥2.71b (down 11% from 2Q 2024). Profit margin: 3.2% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Sep 12
Now 20% undervalued Over the last 90 days, the stock has risen 8.1% to JP¥4,160. The fair value is estimated to be JP¥5,205, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.1%. Revenue is forecast to grow by 4.0% in a year. Earnings are forecast to decline by 5.5% in the next year. Announcement • Sep 03
Aeon Delight Co., Ltd. to Report Q2, 2025 Results on Oct 08, 2024 Aeon Delight Co., Ltd. announced that they will report Q2, 2025 results on Oct 08, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 06 November 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.1%). Reported Earnings • Jul 11
First quarter 2025 earnings released: EPS: JP¥53.54 (vs JP¥46.77 in 1Q 2024) First quarter 2025 results: EPS: JP¥53.54 (up from JP¥46.77 in 1Q 2024). Revenue: JP¥81.1b (up 2.5% from 1Q 2024). Net income: JP¥2.60b (up 13% from 1Q 2024). Profit margin: 3.2% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Jun 13
Aeon Delight Co., Ltd. to Report Q1, 2025 Results on Jul 09, 2024 Aeon Delight Co., Ltd. announced that they will report Q1, 2025 results on Jul 09, 2024 Declared Dividend • Jun 06
Final dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 29th August 2024 Payment date: 6th November 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Jun 06
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥220 (up from JP¥204 in FY 2023). Revenue: JP¥324.8b (up 6.9% from FY 2023). Net income: JP¥10.7b (up 5.5% from FY 2023). Profit margin: 3.3% (in line with FY 2023). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to JP¥3,695. The fair value is estimated to be JP¥4,645, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.3%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to decline by 0.06% in the next 2 years. New Risk • May 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Mar 07
Aeon Delight Co., Ltd. to Report Fiscal Year 2024 Results on Apr 09, 2024 Aeon Delight Co., Ltd. announced that they will report fiscal year 2024 results on Apr 09, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.8%). Reported Earnings • Jan 12
Third quarter 2024 earnings released: EPS: JP¥47.19 (vs JP¥56.65 in 3Q 2023) Third quarter 2024 results: EPS: JP¥47.19 (down from JP¥56.65 in 3Q 2023). Revenue: JP¥80.4b (up 1.5% from 3Q 2023). Net income: JP¥2.29b (down 19% from 3Q 2023). Profit margin: 2.9% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Jan 10
Aeon Delight Co., Ltd. Provides Year End Dividend Guidance for the Fiscal Year Ending February 29, 2024 Aeon Delight Co., Ltd. provided year end dividend guidance for the fiscal year ending February 29, 2024. For the period, the company expected year end dividend of JPY 43 per share compared to JPY 43 per share paid a year ago. Announcement • Dec 21
Aeon Delight Co., Ltd. to Report Q3, 2024 Results on Jan 10, 2024 Aeon Delight Co., Ltd. announced that they will report Q3, 2024 results on Jan 10, 2024 New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 11
Second quarter 2024 earnings released: EPS: JP¥62.16 (vs JP¥41.78 in 2Q 2023) Second quarter 2024 results: EPS: JP¥62.16 (up from JP¥41.78 in 2Q 2023). Revenue: JP¥82.4b (up 8.6% from 2Q 2023). Net income: JP¥3.03b (up 45% from 2Q 2023). Profit margin: 3.7% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Sep 10
Aeon Delight Co., Ltd. to Report Q2, 2024 Results on Oct 10, 2023 Aeon Delight Co., Ltd. announced that they will report Q2, 2024 results on Oct 10, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥43.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 07 November 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Reported Earnings • Jul 13
First quarter 2024 earnings released: EPS: JP¥46.77 (vs JP¥44.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥46.77 (up from JP¥44.90 in 1Q 2023). Revenue: JP¥79.1b (up 10% from 1Q 2023). Net income: JP¥2.30b (up 2.4% from 1Q 2023). Profit margin: 2.9% (down from 3.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 28
Aeon Delight Co., Ltd. to Report Q1, 2024 Results on Jul 11, 2023 Aeon Delight Co., Ltd. announced that they will report Q1, 2024 results on Jul 11, 2023 Reported Earnings • Apr 13
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥204 (down from JP¥213 in FY 2022). Revenue: JP¥303.8b (down 4.4% from FY 2022). Net income: JP¥10.2b (down 4.8% from FY 2022). Profit margin: 3.3% (down from 3.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥43.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Jan 13
Third quarter 2023 earnings released: EPS: JP¥56.65 (vs JP¥58.75 in 3Q 2022) Third quarter 2023 results: EPS: JP¥56.65 (down from JP¥58.75 in 3Q 2022). Revenue: JP¥79.2b (up 3.1% from 3Q 2022). Net income: JP¥2.83b (down 3.8% from 3Q 2022). Profit margin: 3.6% (down from 3.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 14
Aeon Delight Co., Ltd. to Report Q3, 2023 Results on Jan 12, 2023 Aeon Delight Co., Ltd. announced that they will report Q3, 2023 results on Jan 12, 2023 Price Target Changed • Nov 16
Price target decreased to JP¥3,050 Down from JP¥3,467, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,924. Stock is down 21% over the past year. The company is forecast to post earnings per share of JP¥210 for next year compared to JP¥213 last year. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. MD & Director Goro Miyamae was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
Aeon Delight Co., Ltd. Ordinary Shares to Be Deleted from OTC Equity Aeon Delight Co., Ltd. Ordinary Shares (Japan) will be deleted from OTC Equity effective from November 11, 2022, due to Inactive Security. Price Target Changed • Oct 23
Price target decreased to JP¥3,050 Down from JP¥3,467, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,914. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥210 for next year compared to JP¥213 last year. Reported Earnings • Oct 05
Second quarter 2023 earnings released: EPS: JP¥41.78 (vs JP¥60.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.78 (down from JP¥60.99 in 2Q 2022). Revenue: JP¥75.9b (down 9.9% from 2Q 2022). Net income: JP¥2.09b (down 32% from 2Q 2022). Profit margin: 2.8% (down from 3.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 03
Aeon Delight Co., Ltd. to Report Q2, 2023 Results on Oct 04, 2022 Aeon Delight Co., Ltd. announced that they will report Q2, 2023 results on Oct 04, 2022 Announcement • Aug 30
Aeon Delight Co., Ltd. Introduces VR Tools for Security and Disaster Prevention Education AEON DELIGHT CO., LTD. will introduce virtual reality (VR) tools that enables realistic simulation of facility management operations for safety and disaster prevention education for facility management personnel, with the aim of strengthening industrial safety and health and improving technical capabilities from this September. This educational program, which incorporates hands-on learning using VR tools, is planned to be implemented for approximately 500 persons per year, mainly chief electrical engineers. As the first phase of VR contents, company produced the following three programs that could lead to serious accidents in terms of occupational health and safety. Electric arc injury accidents caused by electrical equipment Learn the correct procedures for electric facilities, while at the same time experiencing the suspect risk of accidents that could occur in the event of a procedure default. Accidents involving falling from stepladders Learn the right procedures for high-place operations using the standpoint, while at the same time experiencing the suspect risk of accidents that could occur in the event of a procedure default. Accidental involving falling into a manhole Simulate accidents that could occur when working with manholes open. Through the use of VR tools to experience operations that are difficult to experience in actual workplaces, company will experience serious accidents due to the failure of operational procedures, raise awareness of process for safety and disaster prevention, acquire correct procedures, and improve technological capabilities. The actual screen as seen by the wearer of VR goggles. Designed to allow users to learn important points in business procedures in a quiz format The VR tool will be permanently installed at the AEON DELIGHT Academy Nagahama*, the Group's research and training facility, and will be used during regular training of facilities management staff from September 2022 onward. In the future, company plan to expand the scope of this program to include not only facility management, but also security, cleaning, and other operations, and to increase the number of VR content. As a group of specialists in facility management, they are focusing on the development of specialist human resources that combine "technological capabilities" and "human resources" in order to continue contributing to the resolution of issues faced by customers and local communities. In fiscal 2021 (March 1, 2021 to February 28, 2022), the number of in-house training sessions was 425, and the total number of participants was 11,840. Through these ongoing efforts, they have a total of more than 20,000 qualified personnel, including those who are indispensable for facility maintenance and those with knowledge and skills related to reducing environmental impact, which is one of strengths. The introduction of this VR tool will also be implemented with the aim of strengthening occupational health and safety and improving technological capabilities as part of enhancing educational activities. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Announcement • Jul 28
Aeon Delight Co., Ltd. Launched A IoT Management System for Restrooms and Trash Cans in August to Help Reduce Cleaning Costs At Facilities Aeon Delight Co., Ltd. will begin offering the "Restroom and Trash Can IoT System" (hereinafter referred to as "the service") in August, for commercial facilities, offices, event venues, and other facilities used by an unspecified number of people. The service will help reduce the stress of the users in the restroom and reduce cleaning costs for facility owners. The Company plans to introduce the service to more than 150 facilities by the end of the fiscal year ending February 2024. The service uses wireless sensors to provide real-time information on restrooms, such as availabilities and frequency of use, and the amount of waste deposited in trash cans and the internal temperature. This will help to improve satisfaction of facility users, reduce cleaning costs by optimizing the cleaning frequency, and improve safety and security of facilities. The service visualizes restroom availabilities on a digital signages. By installing the digital signages in crowded areas of facilities, users can check the status. This will reduce users' stress caused by crowded restroom and lead to user satisfaction. Avoiding gathering in crowded places will also help prevent COVID-19. Price Target Changed • Jul 21
Price target decreased to JP¥3,467 Down from JP¥3,783, the current price target is an average from 3 analysts. New target price is 19% above last closing price of JP¥2,905. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥205 for next year compared to JP¥213 last year. Reported Earnings • Jul 07
First quarter 2023 earnings released: EPS: JP¥44.90 (vs JP¥50.14 in 1Q 2022) First quarter 2023 results: EPS: JP¥44.90 (down from JP¥50.14 in 1Q 2022). Revenue: JP¥71.8b (down 9.9% from 1Q 2022). Net income: JP¥2.25b (down 10% from 1Q 2022). Profit margin: 3.1% (in line with 1Q 2022). Over the next year, revenue is forecast to stay flat compared to a 4.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 15
Aeon Delight Co., Ltd. to Report Q1, 2023 Results on Jul 06, 2022 Aeon Delight Co., Ltd. announced that they will report Q1, 2023 results on Jul 06, 2022 Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. MD & Director Goro Miyamae was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Keiji Yoshikawa was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥213 (down from JP¥234 in FY 2021). Revenue: JP¥317.7b (up 5.9% from FY 2021). Net income: JP¥10.7b (down 8.7% from FY 2021). Profit margin: 3.4% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 6.6% compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 08
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥330.3b to JP¥296.8b. EPS estimate fell from JP¥230 to JP¥215 per share. Net income forecast to shrink 23% next year vs 8.4% growth forecast for Commercial Services industry in Japan . Consensus price target down from JP¥4,083 to JP¥3,983. Share price fell 7.2% to JP¥2,839 over the past week. Announcement • Feb 26
Aeon Delight Co., Ltd. Launches Advanced Course, Its First Program for Training Leaders of New Standard Cleaning AEON DELIGHT CO., LTD. launched the Advanced Course, its first program for training leaders of New Standard Cleaning, a cleaning service that incorporates original infection control measures, in September 2021 and 37 employees were certified as the first graduates on February 25, 2022. Those who have completed the advanced course will work as the leaders in the field of infection control cleaning, making proposals to customers regarding NSC quality improvement and infection control measures, and will also be responsible for training experts in the field as instructors. The standards related to "safety and security" required in facilities are changing due to the spread of the novel coronavirus infection. In light of this situation, in order to provide the better services that exceed the required standards, AEON delight has developed NSC as a new cleaning service that incorporates infection control measures. In providing NSC, the workers themselves need to understand the correct knowledge and procedures to prevent infection. To this end, AEON delight has created an original training program based on information accumulated through its hygiene control service*2 provided to hospitals in the past along with the latest research trends in infection control science. To date, it has trained approximately 1,200 infection control cleaning specialists and provided NSC to about 150 facilities (as of January 31, 2022). Against this backdrop, in order to provide "safety and security" to as many customers as possible under the COVID-19 disaster, the company launched the Advanced Course in September 2021, a new leader training program, with the aim of developing human resources that can train specialists in infection control cleaning. During the three- session curriculum, participants from all over Japan learned about cleaning methods based on infection prevention and control measures, and infection prevention measures at the time of disasters such as heavy rains and earthquakes that occur frequently due to climate change. After completing the entire curriculum, the company conducted an assessment and certified 37 people as the first graduates of the advanced course. Going forward, those who have completed the Advanced Course will be responsible for improving NSC's quality, conducting sales activities, and training on-site workers as leaders of the infection control cleaning team in each region. NSC's educational programs includes Basic course: This course teaches self-preventive measures against infections and basic work and infection control measures required to implement NSC. Standard Course: This course trains personnel in managing high- frequency contact surfaces and carrying out quality evaluations. Those who complete the course are qualified to conduct infection control cleaning work. Advanced Course: This course trains personnel to become capable of conducting quality evaluations, staff training, and making improvement proposals. The trained personnel will have detailed knowledge of infection control and can serve as the leaders of the Sanitation and Cleaning Specialists. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Reported Earnings • Jan 13
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥58.75 (up from JP¥47.68 in 3Q 2021). Revenue: JP¥76.8b (up 2.9% from 3Q 2021). Net income: JP¥2.94b (up 23% from 3Q 2021). Profit margin: 3.8% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 33%. Earnings per share (EPS) surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 3.1%, compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 07
Second quarter 2022 earnings released: EPS JP¥60.99 (vs JP¥19.05 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥84.2b (up 11% from 2Q 2021). Net income: JP¥3.05b (up 220% from 2Q 2021). Profit margin: 3.6% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 09 November 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.1%). In line with average of industry peers (2.0%). Reported Earnings • Jul 09
First quarter 2022 earnings released: EPS JP¥50.13 (vs JP¥59.86 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥79.7b (up 8.4% from 1Q 2021). Net income: JP¥2.51b (down 16% from 1Q 2021). Profit margin: 3.1% (down from 4.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 13
Price target increased to JP¥3,900 Up from JP¥3,600, the current price target is an average from 2 analysts. New target price is 14% above last closing price of JP¥3,415. Stock is up 12% over the past year. Reported Earnings • Apr 11
Full year 2021 earnings released: EPS JP¥234 (vs JP¥187 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥300.1b (down 2.8% from FY 2020). Net income: JP¥11.7b (up 25% from FY 2020). Profit margin: 3.9% (up from 3.0% in FY 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Aeon Delight Co., Ltd. to Report Fiscal Year 2021 Results on Apr 09, 2021 Aeon Delight Co., Ltd. announced that they will report fiscal year 2021 results on Apr 09, 2021 Is New 90 Day High Low • Mar 01
New 90-day high: JP¥3,210 The company is up 23% from its price of JP¥2,610 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,431 per share. Upcoming Dividend • Feb 18
Upcoming Dividend of JP¥35.00 Per Share Will be paid on the 30th of April to those who are registered shareholders by the 25th of February. The trailing yield of 2.2% is below the top quartile of Japanese dividend payers (2.8%), but it is higher than industry peers (1.9%). Is New 90 Day High Low • Feb 04
New 90-day high: JP¥2,872 The company is up 2.0% from its price of JP¥2,825 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,480 per share. 
