Aeon (8267) investor relations material

Executive summary

• First-quarter operating revenue rose 14.6% year-over-year to ¥2,941.9 billion, with operating profit up 33.6% to ¥75.2 billion and ordinary profit up 32.3% to ¥63.5 billion, all record highs for Q1.

• Profit attributable to owners of the parent improved to ¥13.8 billion from a ¥6.5 billion loss in the prior year.

• Growth was led by Health & Wellness, Developer & Entertainment, and ASEAN segments, with synergies from the Tsuruha and Welcia integration and expansion in Vietnam.

• The group is executing a medium-term plan focused on cash generation, capital efficiency, and high-return portfolio development.

Financial highlights

• Gross profit increased to ¥711,987 million from ¥625,861 million year-on-year.

• Operating margin improved to 2.6% from 2.2% year-on-year.

• Basic earnings per share was ¥4.99, compared to a loss of ¥2.54 per share in the prior year.

• Health & Wellness segment operating profit surged 216% to ¥26.6 billion, driven by Tsuruha-Welcia integration.

• Developer & Entertainment segment operating profit grew 43.3% to ¥27.8 billion, with strong mall and entertainment performance in Japan and Vietnam.

Outlook and guidance

• Full-year forecast for FY2027 maintained: operating revenue ¥12,000 billion (+12.0% YoY), operating profit ¥340.0 billion (+25.7% YoY), ordinary profit ¥290.0 billion (+19.3% YoY), profit attributable to owners of the parent ¥73.0 billion (+0.4% YoY), and EPS ¥26.39.

• First-quarter results represent 24.5% of full-year revenue and 22.1% of full-year operating profit targets.

• Dividend forecast for FY2027 is ¥15.00 per share, including commemorative dividends.

• Focus for Q2 includes further Health & Wellness synergies and restoring Food Retail performance.