Aeon reports record first-half revenue, profit growth

Aeon Co., Ltd. has reported record-high operating revenue and profit for the first half of fiscal year 2025. Operating revenue reached JPY5,189.9 bn, a 3.8% increase year-on-year, and operating profit rose 19.8% to JPY118.1 bn. Ordinary profit also surged by 18.5% to JPY106.4 bn. Despite extraordinary losses, profit attributable to owners of the parent was JPY4.0 bn. The company attributes this growth to strengthened pricing strategies, expanded TOPVALU product sales, and enhanced labor productivity through digital transformation and cost structure reforms across its segments.

The General Merchandising Store (GMS) business significantly reduced operating losses, while Supermarket (SM), Health & Wellness, Shopping Center Development, and Services & Specialty Stores segments all achieved double-digit profit growth. Aeon Pay membership saw substantial growth, reaching 9.48 million, an increase of 1.32 million since the beginning of the fiscal year. The company forecasts continued positive trends for the full fiscal year 2025, projecting operating revenue of JPY10,500.0 bn and operating profit of JPY270.0 bn, although the impact of full ownership and planned consolidation of subsidiaries is not yet reflected.

A 3-for-1 stock split was implemented on September 1, 2025, with an interim dividend of JPY20 and a planned year-end dividend of JPY7 (pre-split record date). Without considering the stock split, the year-end dividend would be JPY21, bringing the annual dividend to JPY41, an increase of JPY1 from the previous fiscal year. Total assets increased to JPY14,498.887 m, a 4.8% rise from the previous fiscal year-end, while total net assets were JPY2,017.831 m, a 5.5% decrease.