AEON Co Ltd (JP:8267)
:8267
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AEON Co
(8267)
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Rating:49Neutral
Price Target:
¥1,385.00
▼(-18.72% Downside)
Action:Reiterated
Date:04/10/26
The score is driven primarily by improving operating performance and better recent cash generation, but is constrained by high balance-sheet leverage and thin profitability. Technical signals are weak (price below key moving averages with negative MACD), and valuation support is limited due to a negative P/E and only a modest dividend yield.
Positive Factors
Business model diversification
AEON’s integrated model combining retail, mall/property leasing and financial services creates durable cross‑sell advantages. Anchor stores drive footfall that boosts tenant economics and card usage, producing multiple revenue streams and customer stickiness that support stable long‑run cash flows.
Negative Factors
High leverage
Leverage at multiple times equity materially limits financial flexibility and raises refinancing and interest‑rate vulnerability. In a capital‑intensive retail and property business, high debt can force constrained investment choices and amplify earnings volatility during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
AEON’s integrated model combining retail, mall/property leasing and financial services creates durable cross‑sell advantages. Anchor stores drive footfall that boosts tenant economics and card usage, producing multiple revenue streams and customer stickiness that support stable long‑run cash flows.
Read all positive factors
AEON Co (8267) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.86T
Dividend Yield0.52%
Average Volume (3M)7.15M
Price to Earnings (P/E)51.7
Beta (1Y)0.06
Revenue Growth5.73%
EPS Growth135.19%
CountryJP
Employees200,000
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)27.06
Shares Outstanding2,783,529,000
10 Day Avg. Volume10,578,309
30 Day Avg. Volume7,145,926
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)4.94
Price to Sales (P/S)0.56
P/FCF Ratio10.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,833.33Price Target Upside7.59% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)28.95
Revenue Forecast (FY)¥11.85T
AEON Co Business Overview & Revenue Model
Company Description
Aeon Co., Ltd. operates in the retail industry in Japan and internationally. It operates through General Merchandise Store (GMS) Business, Supermarket (SM) Business, Health & Wellness Business, Financial Services Business, Shopping Center Developm...
How the Company Makes Money
AEON makes money primarily through a multi-segment model that combines retail sales, property income, and financial services income. (1) Retailing: The company and its consolidated subsidiaries generate revenue by selling consumer goods—such as fo...
AEON Co Earnings Call Summary
Earnings Call Date:Jan 10, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Jul 08, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While significant progress was noted in operating revenue and retail sector growth, challenges persist in the Financial Services and International segments. Positive achievements in energy transition and sales growth were counterbalanced by profit declines in several areas.Positive Updates
Record-High Operating Revenue
The company achieved a record-high consolidated operating revenue of JPY 7,025.8 billion for the initial 9 months of the fiscal year.
Negative Updates
Financial Services Business Decline
Operating profit for the Financial Services Business declined by JPY 14.7 billion from the same period last year, affected by increased bad debt-related expenses.
Read all updates
Q3-2024 Updates
Positive
Negative
Record-High Operating Revenue
The company achieved a record-high consolidated operating revenue of JPY 7,025.8 billion for the initial 9 months of the fiscal year.
Read all positive updates
Company Guidance
During Aeon's third-quarter earnings call for fiscal year 2024, the company reported a record-high consolidated operating revenue of JPY 7,025.8 billion and an operating profit of JPY 142.8 billion for the first nine months. The Retail Business was highlighted as the primary driver, contributing significantly to the group's performance with an operating profit of JPY 64.1 billion, representing 45% of the total. Aeon's strategic initiatives, such as enhancing the product appeal of the Topvalu private brand, restructuring its profit framework, and implementing strict cost controls, resulted in improved profitability. Despite challenges in the Financial Services Business, with a decline attributed to increased bad debt allowances, operating profit for the third quarter was revised upwards to JPY 240 billion, driven by the strong performance of the GMS, Discount Store, and Supermarket sectors. The company also achieved a net income of JPY 18.3 billion, marking the first positive result in five fiscal years. Looking forward, Aeon plans to continue focusing on profit structure reforms and key initiatives outlined in the midterm business plan, aiming to surpass previous results and achieve higher operational standards by the fiscal year-end.AEON Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
44
Neutral
Cash Flow
57
Neutral
| Breakdown | Feb 2026 | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.72T | 10.13T | 9.55T | 9.12T | 8.72T |
| Gross Profit | 3.55T | 3.41T | 3.22T | 3.02T | 2.81T |
| EBITDA | 653.69B | 600.11B | 596.27B | 547.62B | 495.82B |
| Net Income | 72.68B | 28.78B | 44.69B | 21.38B | 6.50B |
Balance Sheet | |||||
| Total Assets | 15.37T | 13.96T | 13.05T | 12.42T | 11.70T |
| Cash, Cash Equivalents and Short-Term Investments | 2.64T | 2.13T | 1.84T | 1.83T | 1.79T |
| Total Debt | 4.45T | 3.84T | 3.70T | 3.47T | 3.27T |
| Total Liabilities | 13.17T | 11.84T | 10.96T | 10.45T | 9.89T |
| Stockholders Equity | 1.22T | 1.05T | 1.06T | 993.75B | 958.72B |
Cash Flow | |||||
| Free Cash Flow | 598.05B | 100.26B | -27.75B | 62.86B | -148.07B |
| Operating Cash Flow | 1.13T | 566.22B | 368.49B | 433.71B | 204.45B |
| Investing Cash Flow | -1.17T | -478.72B | -525.73B | -332.40B | -341.50B |
| Financing Cash Flow | 116.77B | 792.00M | 988.00M | -868.00M | -4.57B |
AEON Co Technical Analysis
Negative
1704.00
Price Trends
1690.31
Negative
1958.94
Negative
2037.81
Negative
Market Momentum
-81.00
Negative
31.05
Neutral
9.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8267, the sentiment is Negative. The current price of 1704 is above the 20-day moving average (MA) of 1485.03, above the 50-day MA of 1690.31, and below the 200-day MA of 2037.81, indicating a bearish trend. The MACD of -81.00 indicates Negative momentum. The RSI at 31.05 is Neutral, neither overbought nor oversold. The STOCH value of 9.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8267.
AEON Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥1.19T | 15.75 | 9.37% | 2.59% | -1.78% | 50.76% | |
76 Outperform | ¥192.47B | 11.18 | ― | 3.01% | 8.62% | 43.05% | |
69 Neutral | ¥567.73B | 18.90 | 7.58% | 2.58% | 0.73% | -29.62% | |
66 Neutral | ¥183.93B | 10.95 | ― | 2.18% | 8.15% | 21.40% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥169.18B | -50.11 | ― | 1.77% | 18.80% | -479.11% | |
49 Neutral | ¥3.86T | 51.73 | 2.27% | 0.52% | 5.73% | 135.19% |
* Consumer Cyclical Sector Average
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AEON Co Corporate Events
AEON Sets FY2026 Stock Compensation Limit for Executive Stock Options
May 27, 2026
AEON Co., Ltd. has set an issuance limit for its 25th series stock compensation-type stock options for fiscal 2026, targeting 13 executive officers at the parent company and 37 presidents or equivalent roles in group companies. The plan covers up ...
AEON Unveils Five-Year Plan to Boost Profitability and Capital Efficiency
May 11, 2026
AEON Co., Ltd. has unveiled a five-year medium-term management plan for fiscal 2026–2030 that shifts the group from foundation building to a phase focused on converting its expanded portfolio, scale, and customer data into sustainable profit...
AEON Posts Steady April Sales as Golden Week, Malls and Services Drive Growth
May 11, 2026
AEON reported broadly resilient April 2026 trading across its diversified retail portfolio, with all-store and same-store sales for key formats generally tracking near or above prior-year levels despite inflationary pressures and shifting holiday ...
AEON Secures Majority Stake in TSURUHA to Drive Health & Wellness Expansion
Apr 15, 2026
AEON Co., Ltd. has completed the additional market purchase of shares in TSURUHA Holdings Inc., bringing its ownership to 50.9% of voting rights after an earlier tender offer fell short of that threshold. TSURUHA, a Prime Market-listed drugstore o...
AEON Marks 100th Year With Strong March Sales and Format Overhaul
Apr 10, 2026
AEON Co. reported that its major retail formats delivered generally resilient March sales, supported by a series of campaigns tied to the group’s 100th anniversary and heightened value offerings under the TOPVALU brand. The initiatives targe...
AEON Profit Surges as Retail Giant Lifts Revenue and Cash Flow
Apr 9, 2026
AEON Co. reported consolidated operating revenue of ¥10.72 trillion for the fiscal year ended February 28, 2026, up 5.7% year on year, with operating profit rising 13.8% to ¥270.46 billion and profit attributable to owners of the parent ...
AEON Delivers Record Revenue and Profit Boost in Fiscal 2025
Apr 9, 2026
AEON Co. posted consolidated operating revenue of ¥10.72 trillion for fiscal 2025, up 5.7% year on year and marking a record high for the fifth consecutive year, while operating profit rose 13.8% to ¥270.4 billion to reach a new peak for...
AEON Books ¥69.1 Billion Extraordinary Gain on Tsuruha Step Acquisition
Apr 9, 2026
AEON Co., Ltd. has recognized extraordinary income after turning TSURUHA HOLDINGS INC., previously an equity-method affiliate, into a consolidated subsidiary through additional share acquisitions completed in January 2026. Following this step acqu...
AEON Books ¥75.9 Billion Impairment on Store and Facility Assets
Apr 9, 2026
AEON Co. has disclosed that it recorded extraordinary impairment losses totaling 75,957 million yen in the fourth quarter of its fiscal year ending February 28, 2026. The impairment relates to a portion of fixed assets tied to stores and other fac...
AEON Publishes Detailed Supplementary Results for FY2025 Ending February 2026
Apr 9, 2026
AEON Co. released supplementary materials for its fiscal year ended Feb. 28, 2026, outlining consolidated financial highlights, including revenue trends, selling, general and administrative expenses, financial income and costs, extraordinary items...
Aeon Issues New Stock Compensation Options for Executives and Group Directors
Apr 9, 2026
Aeon has approved the issuance of its 24th series of stock acquisition rights as stock compensation-type options for executive officers and directors across the group for fiscal 2025. The program, endorsed by both the Compensation Committee and th...
AEON Moves to Fully Acquire Struggling Footwear Subsidiary GFOOT via Share Consolidation
Apr 8, 2026
AEON and its listed footwear subsidiary GFOOT have announced a plan to make GFOOT a wholly owned unit of AEON through a share consolidation that will effectively take GFOOT private. GFOOT’s board on April 8 resolved to seek shareholder appro...
AEON Extends Same‑Store Growth Streak on Seasonal Demand and Value Strategy
Mar 9, 2026
AEON reported solid February 2026 trading across key formats despite volatile temperatures and some disruption from early‑month snowfall, supported by strong demand around seasonal events such as Setsubun and Valentine’s Day and by pro...
AEON Tightens Grip on Home Center Chain SUNDAY with Completion of Tender Offer
Mar 5, 2026
AEON Co. has completed a tender offer launched in January 2026 to acquire all remaining common shares and specified share options of home improvement retailer SUNDAY Co., Ltd., whose stock is listed on the Tokyo Stock Exchange Standard Market. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.