Q1 2020 Aeon Co Ltd Earnings Presentation Transcript

Jul 05, 2019 / NTS GMT
Presentation
Jul 05, 2019 / NTS GMT

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Corporate Participants
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* Kaori Miyake
Aeon Co., Ltd. - Chief Officer CSR & Communication and Executive Officer

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Kaori Miyake - Aeon Co., Ltd. - Chief Officer CSR & Communication and Executive Officer

Good afternoon. My name is Kaori Miyake, and I'm in charge of Investor Relations at Aeon. Thank you very much for attending this briefing on Aeon's financial results for the first quarter of the fiscal year ending February 29, 2020. I will now report on the first quarter results.

Improper accounting was recently discovered at Kajitaku Co., Ltd., a subsidiary of Aeon Delight Co., Ltd., which is a consolidated subsidiary of the company. Aeon Delight subsequently set up a Special Investigation Committee and has conducted a fact-finding investigation.

In light of the investigation results, on June 28, Aeon Delight disclosed its fiscal year 2018 operating results and retroactively revised its operating results for the past 5 years. Aeon is

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