Aeon (8267) Q2 2025 earnings summary

Executive summary

• Operating revenue reached a record high for the first half, up 6.1% year-over-year to ¥4,999.4 billion, while another entity reported a 5.4% increase to ¥222,231 million for the six months ended August 31, 2024.

• Operating profit declined 16.2% year-over-year to ¥98.6 billion in one report, while another showed operating income up 9.9% to ¥26,841 million.

• Net income attributable to owners dropped 76.5% to ¥5.4 billion in one case, while another reported a 13.6% decline to ¥9,078 million, both impacted by extraordinary or special factors.

• Segment performance was mixed, with revenue growth across all segments but profit declines in several, notably General Merchandising and Supermarkets, while overseas segments saw growth but faced profit pressures.

• Comprehensive income increased 11.3% year-over-year to ¥47,024 million, driven by foreign currency translation gains.

Financial highlights

• Operating revenue: ¥4,999.4 billion (+6.1% YoY); ¥222,231 million (+5.4% YoY).

• Operating profit: ¥98.6 billion (-16.2% YoY); operating income ¥26,841 million (+9.9% YoY).

• Ordinary profit: ¥89.8 billion (-19.7% YoY); ordinary income ¥21,368 million (+8.6% YoY).

• Net income attributable to owners: ¥5.4 billion (-76.5% YoY); ¥9,078 million (-13.6% YoY).

• Gross profit increased to ¥45,101 million from ¥40,926 million year-over-year.

Outlook and guidance

• Full-year forecast/guidance remains unchanged: operating revenue of ¥10 trillion (+4.7% YoY) and ¥453,500 million (+7.2% YoY), operating profit of ¥270 billion (+7.6% YoY) and ¥55,000 million (+18.5%), net income attributable to owners of ¥46 billion (+2.9% YoY) and ¥16,500 million (-19.1% YoY), and annual dividend forecast of ¥50 per share.

• Recovery is expected in the second half after a weaker first half.