AEON Co ( (AONNF) ) has released its Q4 earnings. Here is a breakdown of the information AEON Co presented to its investors.
AEON MALL Co., Ltd., a prominent player in the retail real estate sector, operates shopping malls across Japan and various international markets, focusing on creating community-centric spaces. The company recently reported its financial results for the fiscal year ending February 28, 2025, showcasing a mixed performance. Despite a 6.3% increase in operating revenue to ¥449,753 million and a 12.4% rise in operating income to ¥52,146 million, net income attributable to owners of the parent dropped by 30.1% to ¥14,260 million due to extraordinary losses, including impairment and store closing provisions. The company’s domestic business in Japan saw significant growth, driven by revitalization efforts and increased consumer engagement, while its overseas operations experienced varied results, with strong performances in Vietnam and Indonesia but challenges in China and Cambodia. Looking ahead, AEON MALL is set to become a wholly owned subsidiary of AEON Co., Ltd., with plans to delist from the Tokyo Stock Exchange in June 2025, marking a strategic shift in its corporate structure.